Market News
It is now simpler to find the best prices and Hungarian products
An innovative price comparison website was launched this year: shoppy.hu is a free price and product comparison website that can help consumers save money. Thanks to a cooperation with Hungarian...
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ALDI, Tesco, Spar speak out: shopping will never be the same
In 2020, the combined turnover of the 15 largest domestic e-retailers exceeded HUF 380 billion gross, which represents 41% of the total online retail market, while the number of orders...
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Walmart Invests in DroneUp
Walmart is making a strategic investment in drone services startup DroneUp after partnering with the firm to launch hundreds of deliveries from stores in a pilot program. On 17. June Walmart U.S. CEO...
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China Exports Rise Less than Estimated
Exports from China grew by 27.9% yoy to USD 263.92 billion in May 2021, easing from a 32.2% surge in April and compared with market consensus of 32.1%. This marked...
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Clouds above the sun protection market
In 2020 not only the virus situation had a negative effect on the sales of sunscreen products, but also the changeable summer weather. Réka Horváth-Kelen, sales and marketing manager of...
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Hungarian shoppers have a greater sense of purpose in the new situation
Growing financial challenges and increasing price-sensitiveness One of the many effects of the coronavirus pandemic is that households are facing serious financial challenges these days, and this influences both their...
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Magazine: Block chocolate is one of the lockdown’s winners
According to Sándor Sánta, president of the Association of Hungarian Confectionery Manufacturers, Hungary is the land of milk chocolate but in line with the global trend, the dark chocolate segment...
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Business expectations no longer improved in June
The GKI economic activity index continued to rise in May and June after an unprecedented rise in April, but most recently within the margin of error. The index reached its...
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Blokkk.com: Shopkeeper growth higher than inflation average
According to online till data, traditional store revenue rose 12% in May compared with the same month in 2019 two years earlier. But the increase also whitts down much of...
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AM: digitalisation is the key to the green transition of agriculture
One of the most serious challenges for agriculture is generational change. As farming requires a serious and long-term commitment, the agricultural profession must be made more attractive by presenting the...
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Exciting careers
This year, Trade Marketing Club’s traditional summer event was organised with personal and online participation. Both the topic and the opportunity to meet attracted members and non-members. Approximately 80 people...
Read moreBritish food exports to the EU fell by almost half
British food and beverage exports to European Union markets fell by almost half in the first quarter of this year, according to a recent survey by the British Food and...
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Vajda-Papír supplies hygienic paper products to the Hungarian Maltese Charity Service’s children’s programs for a year
Hungarian-owned Zalmon Kft. is developing a state-of-the-art salmon farm in Zalaegerszeg, the company informed MTI on Thursday. According to the Communication, the construction of the investment, with a grant of...
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Magazine: Strong Brands, Strong Immune Systems
In this piece Henkel CEO and BGA Hungary President Ágnes Fábián gives us again her account of the previous business year along with some personal insights into the Covid issue....
Read moreVarga: Hungary moved up five places in the international competitiveness ranking
Hungary has moved up five places in the competitiveness ranking published by the IMD World Competitiveness Center of the Swiss Business School, said Minister of Finance Varga Mihály at a...
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The highest inflation of the past two and a half years was measured in May in the euro area
In May, the highest inflation in the euro area was two and a half years ago, according to a Thursday report by Eurostat, the European Union’s statistical office. Inflation rose...
Read moreLondon Investor Survey: global business sector sentiment improved markedly
The mood in the global corporate sector has improved markedly in recent weeks, and businesses are increasingly likely to see a steep global economic recovery from the downturn caused by...
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Private label is growing dynamically in the U.S.
Because of Kroger quarter report private label in the U.S. got into focos too. In 2020, the market share of private label brands in the United States was 19.5 percent. Yearly percentage change in...
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AM: digitalisation is the key to the green transition of agriculture
One of the most serious challenges of agriculture is generational change. Since farming requires a serious and long-term commitment, young people should be attracted to the agricultural profession by presenting...
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Palkovics: strengthening Hungarian-owned enterprises is the key
Strengthening domestically owned enterprises is essential for the effective relaunch and sustainable growth of the economy; the government supports local economic development efforts by a myriad of means, said the...
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Conscious home stores did not save on improvements
According to KSH data, in 2020 the volume of domestic retail sales decreased by 0.3% compared to a year earlier, so the coronavirus outbreak and the accompanying restrictions broke an...
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Magazine: Restructuring and renewal
Unilever Magyarország Kft.’s experts quoted Nielsen data to reveal that the shower gel market expanded by 2.09 percent in value in 2020, while in volume sales it stayed put. Value...
Read moreMore Hungarian e-merchants should enter foreign markets
Domestic e-commerce closed a record year last year, but the growth of foreign players is growing; Many more Hungarian e-merchants should enter foreign markets, according to an expert from the...
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OTP Mortgage Bank: farmland became 5 percent more expensive last year
Last year, the average price of arable land in Hungary increased by 5 percent: the average price per hectare increased from 1,593 million HUF in the previous year to 1,673...
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Insect repellents are safe according to the product test of the Conscious Buyers Association
The 36 mosquito and tick repellents tested by the Conscious Consumers Association are safe, but only if consumers adhere to the dosage and restrictions on the label, the association said...
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The euro area’s foreign trade surplus in goods has increased
Due to the base effect, the euro area trade surplus increased significantly year-on-year in April this year, according to a report by the European Union’s statistical office, Eurostat, on Tuesday,...
Read moreIfo lwered this year’s German GDP growth forecast
Referring to disruptions in the global raw material supply chain, the ifo economic research institute in Munich has slightly worsened its GDP growth forecast for Germany this year. The Ifo...
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Just Walk Out shopping at Amazon Fresh store
For the first time, Just Walk Out technology is available in a new full-size Amazon Fresh grocery store. Now customers can save time shopping for groceries by skipping the checkout...
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European Food program – soon to be launched in Hungary: Promoting well-being through healthy and sustainable nutrition
The European FOOD (Fighting Obesity through Offer and Demand) program, coordinated by the Edenred Group, aims to promote healthier eating in the workplace through various initiatives. Key principles: • Promote healthy eating...
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Beyond poppy seed noodles and after a price increase
One of last year’s winners is the pasta category, but the rapid sales growth seems to have come to a halt this year – we learned from Gábor Bokros, deputy...
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