Market News
Retail sales in the United States declined more significantly than expected in November
In the United States, retail sales declined more than expected in November on a monthly comparision. The U.S. Department of Commerce’s Census Bureau announced on Wednesday that the seasonally and...
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A year-end corporate gift can easily become a nightmare
A Christmas gift received from a company or a business partner can be a very serious complication. It’s just a seemingly simple question of what can be given and what...
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(HU) Ne csak a fenyőfa, legyen az egész karácsony zöld!
Sorry, this entry is only available in HU....
Read moreGKI expects a more moderate 6 percent decline in GDP this year
Based on favorable third-quarter data, the decline in the fourth quarter will reduce the rate from the previous 9 percent to 7 percent and the annual GDP decline from 7...
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From 1 January, information obligations for eggs will be stricter
Information obligations regarding eggs are being tightened – penzcentrum.hu wrote based on the Wednesday issue of the Hungarian Gazette (Magyar Közlöny). The changes published are: From 1 January 2021, in...
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Hungarian households throw away more than half a million forints a year
Proper storage of foods that require refrigeration could save up to 600,000 forints a year, according to Samsung’s European research. • Research shows that appropriate refrigerated storage of certain foods,...
Read moreTakarékbank: strong customer authentication extends online shopping by a few seconds
When shopping online with a credit card, all credit institutions must introduce strong customer authentication from 1 January 2021, in line with EU legislation – Takarékbank drew attention on Tuesday,...
Read moreThe role of online commerce data assets is being investigated by the competition authority
The Hungarian Competition Authority (GVH) is launching a market analysis to explore how the data assets of online retailers are created and what role it plays in competition between online...
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Hungary’s tax system has become even more competitive
The competitiveness of the Hungarian tax system among OECD countries has further strengthened. In this year’s ranking of the Tax Competition, which evaluates the members of the international economic organization,...
Read morePig production in China may be recovered by the first half of next year
Pork production in China may be recovered in the first half of next year, according to the Chinese Ministry of Agriculture – the Xinhua Chinese State News Agency reported. The...
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House of Rituals – flagship store in Amsterdam
Dutch beauty brand Rituals celebrates its 20th anniversary with its first-ever flagship, evolving to a lifestyle brand with complementary product categories and experiences. On the Retail Enviroments site published by...
Read moreIfo has restrained its German growth forecast for next year
Due to the second outbreak of pandemic protection, the ifo economic research institute in Munich. restrained its GDP growth forecast for Germany next year in its winter economic forecast. Due...
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Márka-experience for young consumers
The Márka soft drink brand goes back to 1973, but 100-percent Hungarian owned Márka Üdítőgyártó Kft. only started production in 2007. The company makes more than 70 different soft drinks...
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Magazine: 2020-2021: Changing world – changing management personnel!
The FMCG industry underwent great changes from the 1990s and as part of this process many talented young managers came here from abroad. I have become friends with many of...
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Poultry farmers are in trouble
They are asking for government help: wage and contribution subsidies and 5 percent VAT – privatbankar.hu wrote. This year, the Hungarian poultry sector was hit by three blows, in which...
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Technology enhanced in post-COVID retail
While it was already playing an increasingly important role in the in-store experience, technology will gain even more importance in a post-COVID retail world. Consumer demand for contactless transactions will...
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The “general Facebook tax” is the new VAT for SMEs
Facebook is no longer just the most popular marketing tool for small and medium businesses, but also rated the most effective. Most SMEs have fled from the “coronavirus” there, but...
Read moreHarvey Nash / KPMG CIO Survey 2020: Everything changed. Or did it?
Now in its 22nd year, the Harvey Nash / KPMG CIO Survey 2020 is the largest IT leadership survey in the world, with over 4,200 responses from CIOs and technology...
Read moreWineries can start a webshop for free with a fresh Hungarian solution
The online marketplace of Wineshop.hu connects wine consumers with producers, who can currently create their own, customizable, online wine shop with the help of WineGroup at no cost – WineGroup,...
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Quality is guaranteed – even at the time of pandemic!
The coronavirus pandemic forced executives to rethink their business plans and make changes if necessary, and the regularly issued new quality assurance and food safety regulations required flexibility and rapid...
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Hungarian Product is planning a busy next year
Hungarian Product Nonprofit Kft.’s top activity was the #buyhungarian campaign this year, which will continue in 2021. Managing director Eszter Benedek told our magazine: the campaign that started in March...
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Magazine: Our stomachs are used to bitters!
Nearly 45,000 thousand litres of bitter liqueur was sold in Hungary last year. Sára Palcsó, marketing director of Zwack Unicum told our magazine that the market of top brands got...
Read moreKSH: agricultural output increased by 4.1 percent
The volume of agricultural production fell by 2.1 percent and prices rose by 6.3 percent. The total output value of agriculture increased by 4.1 percent in 2020, according to its...
Read moreIn the year of launch, 90 percent of webshops dies
this is how one of the most common business councils sounds today. However, few talk that internationally, only 10 to 20 percent of start-up webshops survive the first year. Compared...
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E-commerce continues this year with this strong Christmas boom
The shortened opening hours and the consumer demand to avoid the crowds may give an additional boost to the parcel and internet trade at the end of the year, the...
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The Hungarian and Croatian wine regions would be merged
The experts would like to combine the best products of the Hungarian and Croatian wine regions by creating a cross-border wine region. The Croatian side focuses on white wines, including...
Read moreGKI’s consumer confidence index fell sharply in December
For the fifth month in a row, the GKI consumer confidence index has been declining since July, but the monthly decline was now the most significant in December: 5.5 points...
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Competition Authority: online trade of products advertised as antiviral has once again investigated
Like the spring, the Hungarian Competition Authority (GVH) re-examined the online trade in anti-virus products in early December, which it has already extended to virus testing, the president of the...
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ITM: sector wage subsidies has already applied for to retain more than 50,000 jobs
So far, about 7,000 companies have applied for a sectoral wage subsidy totaling 5 billion HUF for more than 50,000 employees – Bodó Sándor, Secretary of State responsible for Employment...
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Design surrounds consumers
This year’s last Trade Marketing Club (TMK) meeting was held online on 12 November. Its title was Design = Shopper Loyalty and the programme also included the award ceremony of...
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