Market News
GfK: consumer sentiment noticeably deteriorated in Germany
As a result of the intensifying coronavirus pandemic, consumer sentiment deteriorated markedly in Germany in October, according to a survey by the GfK Nuremberg Economic Research Institute on Thursday. After...
Read moreEdible wheat is becoming more expensive
It is difficult for the mills to buy suitable, high-quality wheat on the market now. The prices reach 60 thousand forints per tonne, and in some places they already exceed...
Read moreAccording to Takarékbank, the outlook for agriculture has improved
Compared to the previous quarter, the outlook for Hungarian agriculture has improved, with almost all stakeholders became more optimistic than during the first wave of the epidemic, according to Takarékbank’s...
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Black Friday 2020
The 2020 Christmas season is fast approaching, so Black Friday promotions will soon be heating up the audience. While last year only one in 3 people bought as part of...
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An agreement on the common agricultural policy has been reached
An agreement on the new Common Agricultural Policy was reached in the Agriculture and Fisheries Council at dawn on Wednesday – Nagy István Minister of Agriculture told MTI. The agreement...
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The country moved to Lake Balaton
In January you spent 3,129 forints a day, in March 3,452 forints, in April 3,100 forints, in September 3,559 forints a day in the store if you were an average...
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Euronews is launching a local program in Hungary for the first time in the world
Europe’s most-watched news channel, in partnership with Mastercard, puts financial awareness at the forefront with the weekly Business and Lifestyle magazine Business Class. The business talk show, which will be...
Read moreAccording to a survey, more than half of Hungarians search for a specialist on the Internet
More than half of Hungarians are looking for a specialist or mechanic on the Internet, from whom they expect a greater digital presence, primarily proving their reliability, according to NRC...
Read moreMLSZKSZ: Transport below costs causes serious damage
Road transport below the cost price caused by the pandemic in the logistics sector is causing serious damage – warns the Association of Hungarian Logistics Service Centers (MLSZKSZ). The practice,...
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Cabbage shortages may cause kitchen emergency in a country
South Korea’s typhoon-stricken cabbage shortage has pushed up vegetable prices by 60 percent due to extreme weather – origo wrote. Summer typhoons passing through the country have heavily decimated the...
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The FAO predicts a decline in meat production
Global meat production is expected to decline by 1.7% in the next two years – agrarszektor.hu quotes the report of the Food and Agriculture Organization of the United Nations (FAO)....
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GVK: COVID affected purchasing power all across Europe
In 2020, the average European citizen will have 773 euros less, a total of 13,894 income. However, there are significant differences in net income between the 42 countries surveyed: Liechtenstein,...
Read moreMinister of Agriculture: research and development to ensure long-term sustainable management
Research and development activities, knowledge transfer and innovation are such a profitable investment that ensures long-term sustainable management in Hungary – the Minister of Agriculture said at a handover ceremony...
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40 percent more people are applying for a job now than last year
An average of 40 percent more people applied for the advertised positions in the third quarter of 2020 than a year earlier, on Hungary’s market-leading job portal. The greatest interest...
Read moreThe opening hours of the stores changes during the long weekend
October 23 is a national holiday in Hungary, a day of remembrance for the 1956 Revolution and the War of Independence. The stores, department store chains and shopping centers will...
Read moreThe competitive disadvantage of EU e-merchants could be eliminated
The good news for EU e-merchants is that the 22 euros VAT-free limit for products ordered from third countries will be lifted, thus reducing their competitive disadvantage compared to Far...
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Inflation in the euro area fell to a four-and-a-half-year low in September
Annual headline inflation in the euro area fell to a four-and-a-half-year low in September, and core inflation was the lowest ever recorded, according to final data released by the Statistical...
Read morePanic shopping is spreading again in Germany
With the intensification of the second wave of the coronavirus pandemic, the phenomenon of panic shopping has reappeared in Germany – the Frankfurter Allgemeine Zeitung (FAZ) wrote on Monday. According...
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Explorer: Twice as many shoppers in this year’s prize game
There were 127 Hungarian Product trademark user products from 6 manufacturers participating in the Explorer promotion this spring. Hungarian Product Nonprofit Kft.’s prize game started on 1 April and lasted...
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University students can dine with the CEO of Auchan
Students from three countries also submitted entries to the Auchan Case Challenge business case-solving competition, allowing the jury to select excellent materials from a total of 645 students at 22...
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Magazine: Stronger competition and a level playing field in the e-payment market
In the summer of 2019 a study by the Hungarian Competition Authority (GVH) found that the costs of bank card payment are too high for small-turnover retailers – so high...
Read moreTESCO won the summer at Lake Balaton based on the number of visitors
This summer, every sixth Hungarian chose a domestic holiday, including Lake Balaton. Based on anonymized location data from mobile phones, LocSight has produced a more accurate analysis of the impact...
Read moreThe number of students receiving school milk and school fruit has doubled in ten years
The number of students receiving school milk and school fruit has doubled in ten years, Rétvári Bence – vice-president of the Christian Democratic People’s Party (KDNP) told MTI. The KDNP...
Read moreAM: Hungary issues a separate opinion on the European Commission’s Farm-to-Table strategy
The Agriculture and Fisheries Council is expected to adopt the Farm-to-Table strategy developed by the European Commission at its meeting on 19-20 October; However, Hungary will make a separate statement...
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GKI: employment stagnated in September
Compared to August, employment did not change in September, according to a representative population survey of GKI Economic Research Ltd. involving 1,000 people. In August, the average monthly headcount –...
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Stores: around minus 2 percent in September
Not exactly the best omen for Christmas gift shopping: based on online checkout data, we left 0.2% less money in store cash registers in September, which doesn’t include inflation and...
Read moreNagy István: new tender will help to modernize horticultural plants
A new tender with a budget of 30 billion HUF will help to modernize horticultural plants. The support applications can be submitted from Monday – the Minister of Agriculture announced...
Read moreGet ready for winter András Wolf’s tips for healthy and delicious apple compote
With the onset of the cold season, especially given the current pandemic, it is worth thinking about how we can provide the whole family with an adequate source of vitamins...
Read moreThe Czech Republic is in a state of clinical death
In the Czech Republic, the country’s public transport circulation has stopped as it makes no sense to run empty trains and buses after school closure. The sale of spirits is...
Read moreConsumer sentiment improved in October in the United States
Consumer sentiment in the United States has improved more than expected, according to a survey by the University of Michigan. According to preliminary data from the October survey, the consumer...
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