Market News
Taste and color cavalcade By Mondelez
To celebrate 35 years of fun and flavor, the SOUR PATCH KIDS® brand is looking to make things a little sweeter for their fans by opening the doors to the...
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Where robots pick tomatoes
The pandemic catalyzed the use of robots and artificial intelligence. Digitization has been introduced in sectors where it was unimaginable – magyarmezogazdasag.hu wrote. Source: magyarmezogazdasag.hu A Boston startup, Root AI,...
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The largest European economies show the signs of slowdown
In Germany, France and the euro area as a whole, IHS Markit published its preliminary purchasing method indices in August, and other indicators besides the German manufacturing industry fell short...
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Many vendors were knocked out of the store by the virus
The coronavirus pushed down the number of store employees by 23,000 in the second quarter. Meanwhile, part-time employment has jumped. One-tenth of shopkeepers lost their jobs, or part of them,...
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Nielsen: Hungarians ate twenty million frozen pizzas in a year
Frozen pizza rules: between July 2019 and June 2020, the Hungarians bought a quarter more in value and almost a tenth more in volume, compared to the same period of...
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The coronavirus effect has reached the poultry market
In the recent period, the transfer price of poultry products has decreased by an average of 5-10 percent compared to last year – Csorbai Attila, Chairman and Director of the...
Read moreHungarian sweet corn is sought after worldwide
The harvest of sweet corn, with its early varieties has begun. Hungary is the largest producer in Europe and the second largest exporter of canned corn in the world. This...
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All fats are bad?
Like eggs, margarine, or sugar, from time to time, fat becomes the number one public enemy in nutritional recommendations. Thus, it is no wonder that the various fats and oils...
Read moreOpten the survival rate of start-up Hungarian companies deteriorated
The survival rate of start-up Hungarian companies has deteriorated in the past year as well, with less than 70 percent of companies reaching the age of 5, while 46 percent...
Read moreThe WTO world trade trend indicator fell to a record low in the second quarter
The WTO world trade trend indicator fell to a record low in the second quarter, according to a report published on the World Trade Organization’s (WTO) website on Wednesday. The...
Read moreTrade talks between the US and China may continue
The U.S. and China would “sit down” again to continue negotiations on a trade agreement, the Chinese Chamber of Commerce announced. Negotiations that were suspended during the coronavirus crisis would...
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The highest inflation occurred in July in the euro area four months ago
According to preliminary data, the highest inflation in the euro area for the last four months was in July, according to a report published on Wednesday by the European Union’s...
Read moreOMME: honeys in stores are safe to consume
Hungarian customers can choose from good quality honeys, most of the products on the shelves of the shops passed the annual inspection carried out by the National Hungarian Beekeeping Association...
Read moreNAK: This year’s sweet corn crop may be of good quality and close to average
A close-to-average, high-quality crop of around 500,000 tons is expected from sweet corn this year, the National Chamber of Agriculture (NAK) told MTI on Tuesday. According to their announcement, the...
Read moreTop financial managers in Western Europe are depressed after the pandemic
While at the beginning of the year the financial managers of Western European companies dealt with development investments and reported good profit prospects this year, now securing the funds needed...
Read moreConsumer sentiment improved slightly in August in the United States
Overall, little has changed, but instead of the expected deterioration, consumer sentiment in the U.S. improved slightly in August, according to preliminary data from the monthly survey by the University...
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FAO leads the way to clearer peatland mapping and monitoring
Peatlands cover only 3 percent of the world’s surface yet contain as much carbon as all of its vegetation, dramatically underscoring their pivotal role in global climate regulation. Their degradation,...
Read moreAnalysts this year’s economic downturn next year bounce may follow
The performance of the Hungarian economy may jump next year after this year’s downturn – macroeconomic analysts told MTI, who estiimates the growth rate in 2021 at 3-5 percent. According...
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Garantiqa: Hungary is at the forefront of corporate loan guarantees in Europe
Hungary ranks second in Europe in the application of guarantee schemes for corporate loans – Garantiqa Hitelgarancia Zrt. (Garantiqa), part of the MFB Group, told MTI based on the latest...
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Potatoes can be the big loser in the pandemic
Huge amount of potatoes (hundreds of thousands of tons) remained in the markets of large producing countries and in the warehouses of processing companies, with which they do not know...
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The wealth of Hungarian households increased significantly
By the end of the second quarter, the financial assets of households had increased to 63,191 billion HUF, which is an increase of 1,823 billion HUF, compared to the previous...
Read moreMany businesses are unaware that they are innovating
A fraction of the innovations of the small and medium-sized enterprises (SMEs) in Hungary are not utilized either, and many SMEs are not even aware that they have created a...
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Economic performance in the euro area declined sharply in the second quarter
Economic performance declined and employment fell sharply in the second quarter as a result of the global coronavirus pandemic in both the European Union and in the euro area. According...
Read moreRetail sales in the United States grew less than expected in July
The increase in the number of coronavirus infections and the decline in unemployment benefits and thus disposable income led to a smaller-than-expected increase in retail sales in the United States...
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The bread of the country is given
Hungary’s fate is determined not only by the amount of subsidies and the quality of the arable land, but also by the hard-working hands that cultivate the land every day,...
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Listen, you spent more in July again
Purchases in shops increased in July. At a slightly higher rate than in June, in July by 1-1.5 percent. In the larger grocery stores, we spent 10 percent more, but...
Read moreKSH: economic performance decreased by 13.6 percent in the second quarter
According to raw data, Hungary’s gross domestic product (GDP) fell by 13.6 percent seasonally and calendar-adjusted, while according to the balanced data by 13.5 percent in the second quarter, compared...
Read moreGKI: An attempt to rapidly measure the coronavirus crisis and economic performance
The application of big data analysis methods and machine learning has created new opportunities in the preparation of economic analyzes and forecasts. Based on the information available to it, the...
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World Overconsumption Day has shifted more than three weeks later this year, compared to last year
More than three weeks later than last year, August 22 is World Day of Overconsumption, the date by which the Earth’s population is depleting the planet’s one-year resources, according to...
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