Market News
Retail sales fell 1.8 percent at the beginning of the year on an annual basis
Compared to the previous month, the seasonally and calendar-adjusted volume of retail trade sales increased by 0.5 percent in January. Compared to a year earlier, according to the raw data,...
Read moreLondon analysts expect stronger-than-expected Hungarian growth this year due to improved GDP performance at the end of last year
According to macroeconomic analysts in London, the upward adjustment of Hungary’s gross domestic product (GDP) in the fourth quarter of last year makes it probable that the Hungarian economy may...
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KAVOSZ: Széchenyi Card Program’s crisis constructions were extended
The crisis constructions of the Széchenyi Card Program will certainly be available to entrepreneurs by 31 December 2021, after the government extended the possibility of using loans from 30 June...
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Family cashier: Johnny, you spent more
I? – asks Johnny – Just look at my shopping list hon’: it got shorter. Okay, so there was a bit of an increase in prices. In 2020, the total...
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Randstad: In Hungary, 38 percent of companies plan to increase their headcount this year
In Hungary, 38 percent of medium-sized and large companies are planning to expand their staff this year, such as hiring IT professionals, manual workers and employees in the manufacturing sector,...
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Forbes: Here is a list of the most influential women
Forbes again published a list of the most influential women this year. The list is available at the following link: https://forbes.hu/extra/a-legbefolyasosabb-magyar-nok-2021/?fbclid=IwAR3lz7MM_X3k1VawA7MRq63yFUQFVmfhEVKGa0UnDkM-O1sbiUg8PTQ9R0c...
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Ikea digital card game for International Women’s Day
Ikea deals out digital card game on Instagram to fight domestic work inequality. The company’s aim is to make homes more equal this International Women’s Day and afterwards. This International...
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Fidelity International: Analyst Survey Starts – Competition for Net Zero Carbon Emissions
By the end of the decade, almost a quarter (24%) of all companies will be carbon neutral, according to a Fidelity International Analyst Survey showing that environmental, social and corporate...
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MNB: clear progress in green finances last year
Despite the pandemic, there was clear progress in green finance last year, many banks are working to introduce green loans, and the Hungarian state has successfully issued green government securities,...
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New fertilizer in Israel could be the solution of the future
An Israeli company would produce an odorless, safely stored and usable fertilizer from animal feces – agrarszektor.hu wrote. The procedure, developed by Paulee CleanTec, was originally intended to get rid...
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FAO Food Price Index rises for ninth consecutive month in February
Global food commodity prices rose for the ninth consecutive month in February, with quotations for sugar and vegetable oils increasing the most, the Food and Agriculture Organization of the United...
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A guide to plastic bags
From 1 July 2021 new rules enter into force for in-store plastic bags. Between 15 and 50 micrometres only biodegradable bags can be used. Bags thinner and thicker than these...
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Analysts: strong rebound potential in last year’s fourth-quarter GDP data
This year’s economic outlook is viewed differently by analysts interviewed by MTI; there were those who believed that last year’s upward-revised fourth-quarter GDP figure indicated a significant rebound potential, and...
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The adventures of Frutti and Veggi continue as the European Fresh Team
This year marks the start of another three-year period of the EU Chamber of Agriculture’s (NAK) EU campaign to promote fruit and vegetable consumption in cooperation with French-Belgian professional organizations....
Read moreThe Food Bank and Munch enter into a strategic partnership
The Hungarian Food Bank Association and Munch, the Food Saving Social Enterprise, have concluded an investment agreement. Thanks to the cooperation between the Food Bank and Munch, the food surpluses...
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The Media Union Foundation’s national campaign against food waste has ended
The “Live Fully!”, campaign launched last August, ended in February. It is a nationwide social campaign aimed at raising awareness of food waste and, in the long run, reducing waste....
Read moreBudapest Chamber of Commerce and Industry calls for tax enforcement moratorium for the most vulnerable companies
The Budapest Chamber of Commerce and Industry (BKIK) proposes that, in view of the epidemiological situation, the issuance of official collection orders initiated by the Mayor’s Office and the National...
Read moreConsumer price inflation has accelerated in OECD countries
In the member states of the Organization for Economic Co-operation and Development (OECD), consumer price inflation accelerated to 1.5 percent year-on-year in January from 1.2 percent in December. In January,...
Read moreMost of the restrictions in Germany could be extended until the end of March
Most of the restrictions aimed at slowing the spread of the new type of coronavirus (SARS-CoV-2) in Germany could be extended until March 28, according to a leaked draft proposal...
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A Shoe-in for Success
Unique Store Fixtures’ contribution helps Chrisitan Louboutin’s new boutique showcase products in style. On the Retail Enviroments site published by POPAI Hungary’s mother organisation Shop! HQ, there is a nicely...
Read moreKSH: GDP grew by 1.4 percent in the fourth quarter of last year
The volume of gross domestic product (GDP) decreased by 3.6 percent in the fourth quarter of last year, compared to the same period of the previous year. The seasonally and...
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A new digital market connects Hungarian producers with customers
The official test mode of Hungary’s newest online producer market was launched on March 1. As part of the Digital Producer Market program, kozertplusz.hu it connects farmers and artisans directly...
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Factoring is becoming increasingly popular among SMEs as digital finance products are the future
Interest in digital financing products has grown significantly, as the crisis caused by the pandemic has had a strong impact on the liquidity of domestic SMEs. Since March 2020, the...
Read moreTobacco growers closed a bad year last year
In terms of average yield, tobacco growers closed a bad year in 2020 – the president of the National Association of Hungarian Tobacco Growers (Madosz) told MTI on Monday. Bényei...
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The field of organic farming is significantly expanding in Hungary
The expansion of the size of the area involved in organic farming in Hungary is significant – the Ecological Agricultural Research Institute (ÖMKi) told MTI. The organization found from the...
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Analysts: labor market is facing a difficult quarter
Until the end of last year, the labor market still persisted against the second wave of the pandemic, but in the first quarter of this year promises will be difficult....
Read moreConsumer sentiment in the United States deteriorated in February
Consumer sentiment in the United States deteriorated in February, according to a standard monthly survey by the University of Michigan. According to preliminary data, the value of the consumer sentiment...
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Overall satisfaction with retailers falls
Overall customer satisfaction with large grocery chains dropped significantly in 2020, according to the latest Retail and Consumer Shipping Report from the American Customer Satisfaction Index (ACSI), released 2nd of March. The...
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Magazine: 2021: Change is here to be solidified
In 2020 we stopped flying and most likely the trend will continue until April-June 2021, ‘home office’ became a standard work routine for several sectors, we minimised our driving and...
Read moreAccording to a study, the coronavirus has changed consumer habits
As a result of the coronavirus, customer habits have changed and the composition of the consumer basket has also changed – stated a research conducted by Garai-Fodor Mónika, Dean of...
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