Market News
Most people feel they spend more on food than before
Food prices have skyrocketed worldwide in recent months, pertly due to the coronavirus situation. No wonder most people feel they spend significantly more on food than before. According to a...
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Google introduces video shopping platform Shoploop
Shoploop is an entertaining new way to shop online. Google’s research and development lab, Area 120, has unveiled Shoploop, a video shopping platform for finding, reviewing and purchasing goods, the...
Read moreHungary can receive a huge amount from the EU
Hungary can get a lot of EU money in the next EU cycle. Portfolio estimates that the framework could jump considerably, and at that time we had not even drawn...
Read moreOTP survey: The majority of respondents liked home office
The months-long home office has ended: most people are already going to work – penzcentrum.hu wrote. Workers are more sensitive to health security than ever before. A quarter of the...
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BNP Paribas Cardif We are much more motivated to work as a result of the crisis and we are more worried for our job
Although the health emergency caused by the coronavirus pandemic has thoroughly shaken the long-stable domestic labor market, there is still a partly optimistic mood among workers. At the same time,...
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Another support program will be launched for exporting Hungarian companies
Another support program will be launched for Hungarian exporting companies, the Minister of Foreign Affairs and Trade announced on his Facebook page. Szijjártó Péter emphasized that the pandemic will create...
Read moreThe government is preparing to regulate telework
The government will regulate telecommuting, as it has worked for both companies and employees during the coronavirus pandemic, the Secretary of State of the Ministry of Innovation and Technology (ITM)...
Read moreAM Secretary of State: by 2024, there will be one hundred thousand hectares more irrigable area in Hungary
The Ministry of Agriculture intends to increase the size of irrigable areas by one hundred thousand hectares by 2024 – the State Secretary of the Ministry of Agriculture said at...
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A criminal gang cheated billions of forints in taxes by trading food products
A criminal gang in the Budapest and Győr area cheated billions of forints in VAT by selling food products. The Central District Court of Buda arrested five of the suspects....
Read moreFrom Friday, the face mask will be mandatory again in stores in Austria
From Friday, face masks will once again be mandatory in enclosed public places such as grocery stores, shopping malls, banks and post offices – Chancellor Sebastian Kurz announced in Vienna...
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About body and soul
Every person with a healthy mind wants to stay healthy physically too. The health trend is slowly but steadily changing the world of mass products too. According to a recent...
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Ham king Pápai surprises the market with vegan range
Probably one of the biggest sensations in the Hungarian grocery market this year is Pápai Hús Kft.’s new vegan product range. Managing director Péter Szappanos reckons that a growing number...
Read moreKSH: the annual rise in the purchase price of pork has stopped in May
In May, the purchase price of live pigs decreased by 3.3 percent compared to a year before, while in the previous month it increased by another 21.1 percent. The reason...
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Less is sometimes more
Retailers and CPGs are moving toward selling fewer products in stores to decrease complexity and costs. At the same time innovations are needed. As the coronavirus pushes some items off...
Read moreAn agreement was reached about the seven-year EU budget
A few minutes after half past six in the morning, EU leaders finally managed to reach an agreement on the EU budget for the next seven years and a recovery...
Read moreThe European Commission has approved the protected designation of origin for Csopak wines
The European Commission has approved the inclusion of wines produced in Hungary under the name Csopak, or Csopaki, in the register of protected designations of origin (PDOs), the EU committee...
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The association of the Hungarian real estate business profession was formed
According to the organization’s communication sent to MTI, the most important goal is to educate the general public about commercial real estate and rental properties and to inform economic actors...
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376,000 people were looking for jobs in Hungary in June
In June, there were 376 thousand jobseekers in Hungary, which is an increase of almost 130 thousand compared to the same period of the previous year. Nearly 176 thousand people...
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Euro area inflation accelerated in June
Eurozone inflation accelerated to 0.3 percent in June from a four-year low of 0.1 percent in May – Eurostat, the European Union’s statistics office announced. A year earlier, in June...
Read moreA single bunch of grapes sold for 1.3 million yens
A bunch of red grapes sold at a record price of almost 4 million HUF in Japan at the first auction of the season – portfolio.hu wrote. A record price...
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At least 40 thousand less staff in the stores
According to statistics, the number of employees decreased by almost 19,000 in May compared to April. If we add that there was already a reduction of 22,000 in April, then...
Read morePig imports have jumped
Hungary’s imports of live pigs increased by more than 35 percent to 25,000 tons between January and April 2020 compared to the same period of the previous year – agrarszektor.hu,...
Read moreNAK: the European Fresh Adventures campaign reaches 1.5-2 million people annually
The campaign to promote the consumption of fresh fruit and vegetables in Europe can reach 1.5-2 million families a year, which can be supplemented with new partner organizations in the...
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Amazon’s Dash Cart is the new checkout-free solution
Amazon has unveiled the Dash Cart, a shopping cart built for small and medium-sized trips that automatically logs products placed inside and processes payment as shoppers leave the store. The...
Read moreThis is how the Secretary of State of the ITM sees the chances of the Hungarian economy during a pandemic
The state of the Hungarian economy is encouraging even in the midst of the global economic shock caused by the coronavirus epidemic. This year’s economic downturn may be smaller than...
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Department store chains against plastic
For many products lined up on store shelves, the war on plastics can make a difference. The packaging of toilet paper can be paper instead of plastic, the plastic lid...
Read moreThe lowest plum yield in the last twenty years is expected in Hungary
According to preliminary estimates, a plum harvest of only 23 to 32 thousand tons is expected in Hungary this year, which is well below the weakest harvest of the last...
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Medicinal alcohol can be made from 250 thousand hectoliters of wine
Due to the coronavirus pandemic, most of the stocks of domestic and EU winemakers are still resting in the cellars, although the harvest period is slowly beginning. Distillation plants can...
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New report identifies 27 countries heading for COVID-19-driven food crises
New analysis out today by the UN’s Food and Agriculture Organization (FAO) and World Food Programme (WFP) identifies 27 countries that are on the frontline of impending COVID-19-driven food crises,...
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Global action needed now to halt spread of deadly pig disease
Pork is the most consumed meat in the world, representing 35.6 percent of global meat consumption. In recent years, African swine Fever (ASF) – which may cause up to 100...
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