Market News
German exports jumped
Germany’s exports jumped significantly in June, at double-digit rates, in June compared with the previous month, while imports rose less than expected, leaving both trade and current account surpluses higher...
Read moreChina’s exports grew in July in excess of expectations
China’s exports increased in July, far exceeding expectations, but imports declined. According to data released by the Chinese customs service on Friday, the dollar-denominated value of exports rose 7.2 percent...
Read moreAn illegal tobacco factory was liquidated in Spain
Illegal tobacco factories were closed, seven people were detained, six million cigarettes ready for sale and more than 72,000 euros (about 25 million forints) in cash were seized by the...
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Smart foods available in more counties
Siófok-based Royal Sütöde Kft. has joined the franchise system of smart food maker and distributor Okos Élelmiszerek Kft., and will soon supply consumers in Bács-Kiskun County and parts of Somogy,...
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Business Dinner 2020: ‘It is unlikely that we will have to step on the brake this hard again’
Trade magazin’s traditional end-of-May Business Dinner was organised online this year. The participants were Dr Zsolt Feldman – state secretary of the Ministry of Agriculture, András Báldi PhD – scientific...
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Magazine: #buyhungarian grows into a movement
More and more companies join the ‘Buy Hungarian! Support Hungarian food companies!’ campaign – informed Eszter Benedek, managing director of Hungarian Product Nonprofit Kft. She told that any company can...
Read moreAM: this year’s wheat crop could be about 4.7 million tons
About 4.7 million tons of winter wheat were produced this year, domestic consumption is usually 2.5-3 million tons, so there is plenty remained to be exported – the Deputy State...
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Harvest has begun
With the harvesting of the earliest ripening grape variety, Csabagyöngye, the harvest began in Hungary on Saturday – the co-owner-manager of Varga Pincészet Kft. said in Ordacsehi, Somogy county. Varga...
Read moreProfession.hu: people worked 5 days a week from home during the time of the emergency at 33 percent of the companies
At the time of the emergency, employees worked 5 days a week from home during the time of the emergency at 33 percent of the companies. 16 percent had 3-4...
Read moreKSH: foreign trade surplus was 697 million euros in June
In June, the value of exports in euros decreased by 3.1 percent and imports by 5.7 percent year-on-year. The foreign trade balance of products improved by 201 million euros and...
Read moreBisnode: the willingness to start a business declined in the first half of the year
The number of companies decreased by one and a half percent, the number of company start-ups by 14.7 percent, while the number of liquidations increased by almost 40 percent in...
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Private Label gives energy
More and more consumers, especially Millennials, seek healthier energy alternatives to boost their busy on-the-go lifestyle. The category presents opportunities for FMCG market growth and private label. Chef Berry Pronk...
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Animal feed from Pakistani locusts
Pakistan has been plagued by an increasingly severe locust invasion for years. This year’s “season” has already begun and may last until mid-September – origo wrote. Scientists are working hard...
Read moreAnalysts expect further moderate improvement in retail
Macroeconomic analysts told MTI to expect a gradual recovery in retail sales, according to which the pre-pandemic level is expected to be reached by the end of the year and...
Read moreEY: our shopping habits will change forever
In the long run, one in two people’s consumption habits will be transformed by the health emergency worldwide, according to EY’s international research of more than 14,000 people. After the...
Read moreHungary successfully stood for home brandy brewing
Hungary has consistently advocated tax-free brewing for its own purposes, and this can now be achieved at the EU level as well, András Tállai, Parliamentary State Secretary of the Ministry...
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The name of the National Association of Hungarian Dietitians is abused in online advertisements
A scam three years ago hit his head again in ads circulating on the Internet. They associate the names of stars with dubious origins and effects that they do not...
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Retail sales in the euro area rose to pre-pandemic levels in June
The volume of retail sales in the euro area rose to pre-coronavirus levels in June. The European Union’s statistical office (Eurostat) announced on Wednesday that retail sales in the 19-member...
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Eisberg makes its customers vote for the salad of the country
The best “professionals,” the salad consumers themselves, can decide what ingredients make up the Country Salad to be presented to the public on August 20th. Eisberg Hungary Kft. Encourages fans...
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Global food prices rise in July
Global food prices continued rising for the second consecutive month in July, led by vegetable oils and dairy products, according to the benchmark United Nations report. The Food and Agriculture...
Read moreKSH: the turnover of retail stores did not change in June
The retail stores could be open in June without pandemiological restrictions in the whole country, so according to the raw data, the volume of their turnover increased by 0.8 percent,...
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The shopkeeper market has grown in
The first half of the year and June are also closed slightly but above zero. The sales of clothing stores decreased the most. Although the sales of web stores jumped,...
Read moreITM: retail sales could be positive again this year
Retail sales could be positive again this year, after a short period of recovery, thanks to government action, Secretary of State of the Ministry of Innovation and Technology’s (ITM) said...
Read moreThe future belongs to responsible consumption according to Cetelem’s research
More subdued, health- and environment-conscious demand could replace the mass consumption typical of the last thirty years, according to the international Cetelem Panorama 2020 survey. Every year, Cetelem Bank’s representative...
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New energy labels are coming for household appliances
When planning to buy a home appliance, don’t be surprised to see new types of labels and even significantly lower category classifications than before. This is because they are replacing...
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Insect protein is becoming increasingly popular in animal feed
In the feeding of farm animals, there is an increasing need to replace soybean meal and fishmeal with other proteins – origo wrote. With regard to substitution, regulations on bovine...
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Markit Survey: The euro area’s economic performance rose moderately in July
The euro area private sector performance has risen for the first time since the outbreak of the coronavirus pandemic in February, although the upturn in the service sector, which plays...
Read moreThat’s how Americans buy
U.S. households have spent nearly 10% less in the past month than a year earlier, JP Morgan’s card data shows. It was also revealed which type of consumption fell and...
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Excellent Product and Green Product markings from Hungarian Product
At a business breakfast, Hungarian Product has unveiled its new trademark that certifies product excellence and eco-friendliness. Eszter Benedek, managing director of Hungarian Product Nonprofit Kft. told in her presentation...
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