Market News
A significant part of the annual fish consumption can be attributed to Christmas
A significant part of Hungarian fish consumption traditionally falls during the Christmas period, according to expert estimates, fish producers sell about 40 percent of the total annual amount of fish...
Read moreKopint-Tárki expects a 6.6 percent GDP decline in the fourth quarter of this year
Due to the recurrence of the pandemic, Kopint-Tárki Zrt. Expects a 6.6 percent decline in gross domestic product (GDP) for the fourth quarter of this year in its latest business...
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Most young people are already opting for self-service checkouts this Christmas
The pandemic also rewrote this year’s Christmas preparations. Security came first in the purchases, the time spent in the stores decreased, and in parallel, this year’s shopping plans are more...
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The traffic monitoring website has also been extended to rural malls
In just a few days, the LocSight site, which aggregates shopping mall traffic, attracted tens of thousands of visitors. The developers of Helix Consulting and CBRE Hungary, in response to...
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We spend as much on gifts this year as we did last year despite the crisis
59 percent of domestic users will spend less than 40,000 forints and 41 percent more than 50,000 forints to buy Christmas presents this year. The vast majority of them spend...
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Hungarian Red Cross: disinfectant is one of the most useful gifts this Christmas
It is also worth supporting the Hungarian Red Cross with a disinfectant and a mask this Christmas, as this is one of the largest unexpected editions for the humanitarian organization...
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Magyar Posta: this year’s Christmas package season is stronger than before
This year’s Christmas package season is stronger than in previous years, the number of packages is significantly higher than a year ago – Magyar Posta told MTI. The announcement reminds...
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Not everything green that looks like – GVH helps with legitimate advertising
The Hungarian Competition Authority (GVH) has published a so-called A “Green Marketing” brochure to support businesses in developing good advertising practices for environmental friendliness and sustainability. In recent years, there...
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Laboratory results: The fiber content of poppy and walnut is remarkably high
We still don’t know everything about dietary fiber, although their beneficial physiological effect is almost immeasurably complex – Soltész Erzsébet dietitian says, who, together with an independent laboratory in Hungary,...
Read moreRetail sales in the United States declined more significantly than expected in November
In the United States, retail sales declined more than expected in November on a monthly comparision. The U.S. Department of Commerce’s Census Bureau announced on Wednesday that the seasonally and...
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A year-end corporate gift can easily become a nightmare
A Christmas gift received from a company or a business partner can be a very serious complication. It’s just a seemingly simple question of what can be given and what...
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(HU) Ne csak a fenyőfa, legyen az egész karácsony zöld!
Sorry, this entry is only available in HU....
Read moreGKI expects a more moderate 6 percent decline in GDP this year
Based on favorable third-quarter data, the decline in the fourth quarter will reduce the rate from the previous 9 percent to 7 percent and the annual GDP decline from 7...
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From 1 January, information obligations for eggs will be stricter
Information obligations regarding eggs are being tightened – penzcentrum.hu wrote based on the Wednesday issue of the Hungarian Gazette (Magyar Közlöny). The changes published are: From 1 January 2021, in...
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Hungarian households throw away more than half a million forints a year
Proper storage of foods that require refrigeration could save up to 600,000 forints a year, according to Samsung’s European research. • Research shows that appropriate refrigerated storage of certain foods,...
Read moreTakarékbank: strong customer authentication extends online shopping by a few seconds
When shopping online with a credit card, all credit institutions must introduce strong customer authentication from 1 January 2021, in line with EU legislation – Takarékbank drew attention on Tuesday,...
Read moreThe role of online commerce data assets is being investigated by the competition authority
The Hungarian Competition Authority (GVH) is launching a market analysis to explore how the data assets of online retailers are created and what role it plays in competition between online...
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Hungary’s tax system has become even more competitive
The competitiveness of the Hungarian tax system among OECD countries has further strengthened. In this year’s ranking of the Tax Competition, which evaluates the members of the international economic organization,...
Read morePig production in China may be recovered by the first half of next year
Pork production in China may be recovered in the first half of next year, according to the Chinese Ministry of Agriculture – the Xinhua Chinese State News Agency reported. The...
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House of Rituals – flagship store in Amsterdam
Dutch beauty brand Rituals celebrates its 20th anniversary with its first-ever flagship, evolving to a lifestyle brand with complementary product categories and experiences. On the Retail Enviroments site published by...
Read moreIfo has restrained its German growth forecast for next year
Due to the second outbreak of pandemic protection, the ifo economic research institute in Munich. restrained its GDP growth forecast for Germany next year in its winter economic forecast. Due...
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Márka-experience for young consumers
The Márka soft drink brand goes back to 1973, but 100-percent Hungarian owned Márka Üdítőgyártó Kft. only started production in 2007. The company makes more than 70 different soft drinks...
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Magazine: 2020-2021: Changing world – changing management personnel!
The FMCG industry underwent great changes from the 1990s and as part of this process many talented young managers came here from abroad. I have become friends with many of...
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Poultry farmers are in trouble
They are asking for government help: wage and contribution subsidies and 5 percent VAT – privatbankar.hu wrote. This year, the Hungarian poultry sector was hit by three blows, in which...
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Technology enhanced in post-COVID retail
While it was already playing an increasingly important role in the in-store experience, technology will gain even more importance in a post-COVID retail world. Consumer demand for contactless transactions will...
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The “general Facebook tax” is the new VAT for SMEs
Facebook is no longer just the most popular marketing tool for small and medium businesses, but also rated the most effective. Most SMEs have fled from the “coronavirus” there, but...
Read moreHarvey Nash / KPMG CIO Survey 2020: Everything changed. Or did it?
Now in its 22nd year, the Harvey Nash / KPMG CIO Survey 2020 is the largest IT leadership survey in the world, with over 4,200 responses from CIOs and technology...
Read moreWineries can start a webshop for free with a fresh Hungarian solution
The online marketplace of Wineshop.hu connects wine consumers with producers, who can currently create their own, customizable, online wine shop with the help of WineGroup at no cost – WineGroup,...
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Quality is guaranteed – even at the time of pandemic!
The coronavirus pandemic forced executives to rethink their business plans and make changes if necessary, and the regularly issued new quality assurance and food safety regulations required flexibility and rapid...
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Hungarian Product is planning a busy next year
Hungarian Product Nonprofit Kft.’s top activity was the #buyhungarian campaign this year, which will continue in 2021. Managing director Eszter Benedek told our magazine: the campaign that started in March...
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