Market News
ITM: online retail broke another record in March
Internet and parcel sales in Hungary surpassed all previous performance for the third time in one year. The peak of 114 billion in April last year was passed on by...
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Planet Budapest 2021: Sustainability also brings a turning point in business
The performance of the economic sectors dealing with the development of sustainable innovations may increase by 25 percent per year in the next period. oOne of the thematic focus points...
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Retail sales in the euro area and the EU increased in March
Retail sales in the euro area grew more than expected in March, according to a quarterly report from Eurostat, the European Union’s statistical office. Turnover from mail order and internet...
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Disposable can be sustainable
Essity the Swedish-German company strives for responsible and sustainable operations, taking into account the expectations of consumers and retail partners as well. Social responsibility is achieved by improving family wellbeing,...
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We are not prepared for long-term illnesses and deaths – we would live up to our savings in a short 3 months!
The health status of the population has already been alarming, regardless of the coronavirus epidemic, which has caused many deaths: half of Hungarians are struggling with various chronic diseases, and...
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SAP’s new SME-specialized software package is also available in Hungarian
Thousands of businesses in 90 countries now use SAP Business ByDesign, which will be available in Full Hungarian by 2021. This may be the best solution for businesses that are...
Read moreKSH: changes in the calculation of core inflation
Taking into account European best practices, the Central Statistical Office (KSH) will change the range of products and services used to calculate core inflation from April: in the future, changes...
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Takarékbank: personal loan lending may increase to fivefold by the end of the year
After the pandemic subsides, the demand for personal loans may increase, the volume of 5 billion HUF placed with Takarékbank by the middle of April may jump fivefold by the...
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AM: successful small business tender
More than 1,000 farmers have already won support in the small-scale tender, said Minister of Agriculture Nagy István, according to the ministry’s statement on Wednesday. The Minister drew attention to...
Read moreLogistics companies are pushing for more effective control of transport
Licensed non-EU carriers cause hundreds of billions of forints in revenue loss in the domestic carrier market and ten billion forints revenue loss to the budget due to non-payment of...
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The hourly rate for blue collar workers has not yet reached the level of HUF 1400
In the first quarter of this year, the average gross hourly wage of skilled and trained manual workers was HUF 1,388, according to Trenkwalder’s analysis of wage data for nearly...
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Customers return with new strategy after forced closure
The attendance of the technical stores is approaching its pre-closure period. The company was waiting for visitors with stockpiles. Since the stores reopened, shoppers have been buying technical items like...
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The Hungarian company car market is holding up: company leaders are thinking almost exclusively about buying new cars
As a result of the coronavirus outbreak, a third of Hungarian ceos took a waiting position on the expansion of the company fleet and postponed the purchase of cars, while...
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China’s investment mood slows in Europe
The buying mood of Chinese companies is at a multi-year low not only globally, but also in Europe. At the same time, investment incentives remain strong, which could help Chinese...
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Walgreens rolls out 2-hour delivery nationwide
Walgreens announced on 4. May that it has launched contactless delivery in under two hours nationwide. Customers nationwide are now able to order more than 24,000 items directly from Walgreens for Same...
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Hungarian manufacturing companies can apply for €5 million
EIT Manufacturing, the European Institute of Innovation and Technology’s organisation supporting manufacturing technology innovations, is launching its regional innovation programme RIS (RIS) again this year. The aim is to increase...
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(HU) Munkaviszony és a covid: mire jó a védettségi igazolvány?
Sorry, this entry is only available in HU....
Read moreITM: everything seems to be fine in the vast majority of stores
Slowly, it’s been a month since stores that sell non-daily consumer goods could reopen. Compliance with the related emergency rules are monitored by the consumer protection authority for three weeks....
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Ministry of Agriculture was successful in the professional consultation on the green standards of agricultural subsidies
The professional consultation on the environmental and climate protection regulations of the area-based agricultural support system planned to operate in the period after 2023, involving thirty agricultural professional organizations, environmental...
Read moreCBRE: the value of real estate investments increased in the first quarter
Hungarian real estate investments were worth 179 million euros in the first quarter, up 27 percent from a year before, CBRE, the world’s largest commercial real estate and investment company,...
Read moreConsumer sentiment has continued to improve in the United States
With higher-than-expected monthly growth, the University of Michigan’s consumer sentiment index peaked in April. According to a report published on the institution’s website, the final value of the mood index...
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Harrods open second H beauty emporium
Following the launch of its inaugural store in Lakeside, Essex in September 2020, Harrods has announced the opening of its next stand-alone H beauty destination in centre:mk, Milton Keynes. The 29,000 sq.ft....
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Sustainability tender helps the SME sector to recover economically
Generali Insurance is launching a tender for small and medium-sized enterprises in the areas of employee welfare, environmental protection and responsibility for micro-communities. SMEs can apply for projects that have...
Read moreVarga Mihály: the Weekly Economic Index indicates the resumption of the Hungarian economy
The resumption of the Hungarian economy is indicated by the Weekly Economic Index developed in the Ministry of Finance, wrote Minister of Finance Varga Mihály on his community page. He...
Read morePlum pálinka in Nagykunság has received EU protection
With the decision of the European Commission on Monday, ” Nagykunsági Plum pálinka” became a protected name in the European Union, the Ministry of Agriculture (AM) told MTI. “Nagykunsági Plum...
Read moreLondon investor survey: the sentiment of the global business sector further improved
The sentiment in the global corporate sector has continued to improve over the past month, but business concerns about the coronavirus pandemic remain significant and many market participants say the...
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BMI: A slight expansion in April
The Purchasing Managers’ Index (BMI) seasonally adjusted April value is 50.8. • Compared to previous Aprils, this year’s figure is below the long-term April average (51.8) but above the average...
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