Market News

Analysts: increase in retail sales may continue

Moderate growth in retail sales may continue in the coming months, although the July data released on Thursday has been somewhat disappointing – analysts told MTI, who hope that economic...

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Global food prices rise in August

Global food prices rose for the third consecutive month in August, influenced by generally firmer demand and a weaker U.S. dollar, according to a report released today by the Food...

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Design, competitions, generations

POPAI Hungary held its annual general meeting, open session and The Hungarian handover of the Shop!Global Awards online. The professional part resonated with real “back to the new normal” content...

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The Corporate White Paper helps companies fight the pandemic

The Ministry of Innovation and Technology is helping Hungarian businesses to prevent the spread of the coronavirus pandemic and reduce risks with a new publication available online. The Corporate White...

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Secretary of State AM has submitted 2.2 billion applications for support to winemakers

As a result of the declining tourism and hospitality due to the coronavirus pandemic, winemakers submitted grant application in a value of 2.2 billion HUF to the Ministry of Agriculture,...

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Oeconomus Gazdaságkutató: average wages in Hungary were in the midfield of the region in 2018 and 2019

Hungarian average wages were in the midfield of the region in 2018 and 2019, according to Eurostat, the EU’s statistical office. In the last two years average wages in Hungary...

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Nébih warns of mysterious seeds

The National Food Chain Safety Office (Nébih) has issued a warning: packages may also be sent to Hungary containing unknown seeds received as mysterious, unsolicited consignments – origo wrote. The...

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AM: Compensation contribution must be paid by September 15

Members of the agricultural damage compensation scheme must pay the compensation contribution by 15 September 2020 – the Ministry of Agriculture (AM) told MTI on Thursday. If the compensation contribution...

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In July, Romanian retail sales grew by 10.3 percent month-on-month

In July, retail sales in Romania grew by 10.3 percent, according to raw data, compared to the previous month. The seasonally and calendar-adjusted value was 3.9 percent – the Romanian...

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Deflation Instead of inflation in the euro area

Instead of the modest inflation expected by analysts, there was deflation in the eurozone in August. The European Union’s statistical office, Eurostat, on Tuesday said as preliminary data that consumer...

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400 billion were curbed by housewives

Family spending fell 9% in the second quarter – blokkk.com wrote. Housewives spend 400 billion less compared to the first quarter, while compared to the previous year, 300 billion HUF...

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Domestic e-commerce saw record growth, according to a survey

Due to the coronavirus, domestic e-commerce achieved a record annual growth of 34.8 percent and a gross turnover of 355 billion HUF in the first 6 months, according to research...

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Ipsos- Hungarians do not worry about the second wave of the virus

For five consecutive months, i.e. since its appearance in Europe, the number one fear of the world’s citizens is the coronavirus pandemic. FIGURE: What is causing you concern? – Coronavirus...

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The December PLMA show is cancelled

2020 “World of Private Label” International Trade Show cancelled due to Covid-19 concerns, says PLMA. New virtual show will be announced soon. AMSTERDAM – 1 September 2020 – Following recent...

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Minister of Agriculture: farmers need protection in the crisis in the agricultural market situation caused by the coronavirus

The coronavirus pandemic has clearly shown that the issue of food security has become more important in the eyes of European citizens. But we can count on Hungarian farmers even...

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67% of small businesses worldwide and 78% of consumers have changed their habits due to COVID-19

While small and micro businesses around the world continue to feel the financial impact of COVID-19, one thing has become clear: rethinking the point-of-sale payment experience is essential to survival....

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The Chinese are already spending on luxury goods, on beer or sports equipment not yet

Chinese consumers mostly buy luxury handbags, cosmetics and health-preserving products as life in the country is returning to normal as the epidemic subsides – origo wrote after Bloomberg. However, they...

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Monthly retail sales decreased in July in Germany

Contrary to expectations, retail sales in Germany did not increase but decreased in July compared to the previous month, cooling hopes that household consumption could lead to a strong economic...

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Producer prices in the euro area rose in July

In July, industrial producer prices in the euro area rose more than expected from the previous month, according to a report by Eurostat, the European Union’s statistical office. In July,...

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Wholesalers: A guide to surviving the recession

In wholesale the key to success is harmony. Distributors working in this industry must cooperate closely with front-office systems. This type of cooperation makes a thorough analysis of consumer data...

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(HU) Megvannak az első Fenntarthatóság Szimbóluma verseny nyertesei

Sorry, this entry is only available in HU....

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AM: 160 thousand tons of watermelons were produced this year

This year, 160 thousand tons of watermelons were produced, “only” ten thousand tons less than last year, while the production area decreased by twenty percent – the Deputy State Secretary...

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KSH: GDP fell by 13.6 percent in the second quarter

Gross domestic product (GDP) fell 13.6 percent year-over-year in the second quarter. According to the seasonally and calendar-adjusted data, the performance of the economy decreased by 13.5 percent compared to...

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Analysts: economic growth indicators may significantly improve in the third quarter

Seeing the breakdown of gross domestic product (GDP) in the second quarter released on Tuesday, analysts told MTI that they look to the next quarter with cautious optimism. They expect...

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Employees have become more prone to corruption since the health emergency

The economic slowdown caused by the global crisis poses a risk to the ethical operation of companies worldwide, according to an international survey by EY based on a survey of...

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MLBKT: expansion continues at a slightly stronger pace

For the time being, the slightly stronger pace of expansion continues, with the seasonally adjusted value of the Purchasing Managers’ Index (PMI) at 52.8 in August after the 51.1 in...

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Domestic parcel traffic in the post office jumped by almost 20 percent

In the first seven months of the year, the number of domestic packages managed by Magyar Posta was 18 percent higher than in the period January – July 2019, the...

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KSH: foreign trade surplus reached 655 million euros in June

Exports value in euros, fell by 3.2 pe cent and imports by 5.1 percent year-on-year in June, with the export surplus increased by 145 million euros to 655 million euros,...

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Coors turns digital conference background into a reality

Coors Light Wants To Send You to the Video Chat Background You’ve Been Staring At For Months. Molson Coors Beverage Company (mother company of Borsodi) published a press release of...

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Old world and new world – in the light of promotions

Gábor Tolnai, head of the marketing insight division at Kantar Hoffmann gave a presentation at the ‘Most successful promotion of the year’ trade day. He started out by analysing the...

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