Market News

At the peak of the exit restriction, the turnover of beer increased by one-fifth

In the “high season” of the curfew, ie in March-April 2020, the domestic retail turnover of beer exceeded 25 billion HUF, which represents an increase of 18 percent in value...

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FruitVeB: this year’s cherry crop will be poor

Due to the spring frosts and drought, this year’s cherry harvest will be significantly lower, and the consumer price may be up to 20-30 percent higher than the average of...

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The rise in the price of food is pulling down the shopkeeper’s balance

According to checkout data, we left 6.3% less money in store cash registers in May than a year earlier. Thus, with a 10% decline in volume, April was the low...

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Global per capita global fish consumption set a record

Global per capita global fish consumption (20.5 kilograms) set a record last year and the positive trend seems to continue in the decade ahead, highlighting the prominent role of fish...

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The crisis constructions of the Széchenyi Card Program are changing

The crisis constructions of the Széchenyi Card Program will be modified at three points. The Széchenyi Card Overdraft Plus and the Széchenyi Card Job Retention Loan will continue to be...

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This crisis will be different – A comparison of the crisis caused by the coronavirus with the global economic crisis

The coronavirus epidemic is now on the verge of being over and some positive signs are already being seen. In China, for example, there are hardly any new infections and...

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A GFK-survey about the retail scene of 2019

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The OECD expects the strongest economic downturn in peacetime in the last century

The world economy will suffer its strongest decline in peacetime this year as a result of the coronavirus pandemic, before returning to a growth trajectory next year, according to the...

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London analysts: British GDP could fall by 18 percent in April

Analysts in London calculated that gross domestic product (GDP) could fall by 18 percent month-on-month in April due to the economic effects of the coronavirus pandemic. The British Bureau of...

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EU Member States lose 15 billion euros a year due to counterfeiting

Counterfeiting has cost more than 83 billion euros to legitimate producers worldwide, with EU Member States losing 15 billion euros a year between 2013 and 2017 – according to the...

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Online shopping will be a lasting trend in Asia

Online shopping is expected to remain a persistent trend after the pandemic in Asia – origo quotes a recent report. It seems that stores on the continent are increasingly moving...

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After seven years of steady growth, a decline in retail

The continuous growth in retail trade, which had lasted for seven years, was interrupted after, according to the Central Statistical Office (CSO), the volume of store sales fell by 10.2...

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Almost a third of SMEs are unaware of the latest billing rule changes

The rules related to invoicing will change from July 1, and Számlázz.hu conducted a representative survey by interviewing SMEs and sole proprietorships. Among other things, the survey found that manual...

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This is what is most expensive among foods

In May 2020, consumer prices were on average 2.2% higher than a year earlier. Over the past year, the prices of food and spirits and tobacco products have risen significantly....

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Henkel joins major global climate advocacy effort

Henkel is among 155 major global companies from 34 sectors, which have signed a statement urging governments around the world to align their COVID-19 economic aid and recovery efforts with...

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US video game sales hit historic high

Total industry consumer spending on video gaming in the U.S. reached a record $10.86 billion in the first quarter of 2020 (January– March), according to the Q1 2020 Games Market...

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Ipsos: people are taking it more easy now

The easing of restrictions will also have an impact on the behavior of the country’s population. Although personal contact, handshakes and travel on public transport are still avoided by the...

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The curve of rising food prices is flattening

The curve of rising food prices seems to be flattening in June just like the epidemic curve – this is evident from the results of Privátbankár.hu’s latest Price Basket survey....

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KSH: consumer prices rose by 2.2 percent in May

In May, consumer prices were on average 2.2 percent higher than a year before. The more moderate rise in the price of services than last year played the largest role...

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Shop spending may increase slightly in 2020

According to the latest KSH data, we left 6.3 percent less money in store cash registers in May than a year earlier. Thus, with a 10 percent decline, April was...

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The future of home office

During the pandemic, whoever could worked from home, which was a serious challenge for many companies, but even for more workers. Penzcentrum.hu has embarked on a large-scale survey to find...

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Századvég: most businesses still expect improvement for this year

The Századvég Gazdaságkutató Economic Researcher asked thousands of managers of small, medium and micro enterprises (SMEs) in recent months about how they perceived the economic situation and how their business...

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Approaching the deadline from July 1, all B2B invoices will be seen by the tax office

An important stage in the whitening of the economy was the fact that from 1 July 2018, the legislator made invoices generated in business-to-business (B2B) transactions with a VAT term...

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KSH: foreign trade deficit was 611 million euros in April

In April, euro-denominated exports fell by 37.9 percent and imports by 28.4 percent from a year earlier, the Central Statistical Office (KSH) reported on Tuesday, according to its first estimate....

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#veddahazait movement helps those in need with domestic parcels

Hungarian Product Nonprofit Ltd. has a special program named “Purchase domestic products! Defend your country! ”, which seeks to overcome economic difficulties and preserve jobs, and has extended its activity...

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Fidelity: the New World Economic Order

Fidelity experts believe that the Covid-19 crisis will encourage decision-makers to take a step change, accelerate ongoing trends and reshape investment frameworks. The main features of the new order will...

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Tuna supply is in trouble

The tuna fishery was also hit by the crisis, after the restaurants closed due to the coronavirus pandemic, so the demand decreased – according to Euronews. Protection also makes work...

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Euro area and EU GDP declined at a record pace in the first quarter

Compared to the previous quarter, euro area and EU gross domestic product fell by the largest amount ever recorded in the first quarter. The European Union’s statistical office, Eurostat, said...

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Employment has fallen in Europe

Employment declined in the euro area and the European Union in the first quarter, compared to the last quarter of last year. The European Union’s statistical office (Eurostat) said on...

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István Nagy: whoever stops improvments, loses market

There is only one right decision in the situation after the coronavirus: show must go on, because whoever stops, lags behind and loses market, the agriculture minister said in Pacsa...

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