Market News
Minister of Agriculture: we still don’t know the real fallbacks of coronavirus
Every day, new losses are caused to Hungarian agriculture by trade and other restrictions due to the coronavirus epidemic, but effective control and the restart of the economy reduce the...
Read moreRetail sales in the Czech Republic fell by 8.9 percent in March
In March, retail sales in the Czech Republic fell by 8.9 percent year-on-year; In February, growth reached 7 percent – the Czech Statistical Office announced in Prague. The sharp decline...
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EU-borders do not open until mid-June
The European Commission would extend the ban on entry into the EU until 15 June, as the coronavirus situation is “not even stable in Europe and the world,” the Eurologist...
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German Chancellor at least until the end of the year
Even the most optimistic estimates suggest that the coronavirus epidemic in Germany will last at least until the end of the year – the German chancellor said in an interview...
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Neither footballers nor their market value are immune to the pandemic
The total value of players on the teams of the ten largest European football leagues could fall by as much as 10 billion euros if the season is not completed...
Read moreThe goverment shares more EU-grants than ever
A tremendous amoun of EU grant decisions have been made as since mid-April, and the payment of grants has visibly picked up since the outbreak of the coronavirus crisis in...
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Life in Europe is gradually relaunched
Life is gradually being relaunched in many countries in Europe, but they are very careful everywhere. True, there are places with seemingly strange decisions. At the same time, the restart...
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There is a huge difference between the perceived and official inflation now
Officially, the annual rate of price increase in Hungary is below 3%, but in the meantime we can find inflation of almost 10% when we enter the store. There has...
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Prices continue to rise in domestic hypermarkets
Shoppers and traders are increasingly adapting to the epidemic, while prices continue to rise in domestic hypermarkets – albeit at a slightly slower pace than a month ago. There is...
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How COVID-19 is changing consumer behaviors
The EY Future Consumer Index on behavior and sentiment across five key markets shows how the pandemic is creating new consumer segments. Daily life for people around the world has...
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People are boycotting Costco for requiring shoppers to wear masks in stores
Costco is the secon biggest US grocery retailer. Starting May 4, Costco shoppers will be required to wear face coverings in stores. After the announcement of the new policy, angry...
Read moreGKI Digital: online retail business grew by 21.4 percent in the first quarter
E-merchants fulfilled about 9.9 million domestic orders in the first quarter, with a gross value of 149.6 billion HUF, which represents an increase of 15.9 percent in the number of...
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Deloitte: a government decree protects food suppliers
New government decree protects food suppliers when selling to larger traders in times of emergency due to the coronavirus, allowing traders not to unilaterally reduce the purchase price or threaten...
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At the initiative of the Chamber, it will be possible to employ foreign seasonal workers
The amendment to the government decree, initiated by the National Chamber of Agriculture, allows harvesting works. This will be of great help to the horticultural sector in particular in mitigating...
Read moreOpten: 42 percent drop in the number of company foundations in April
In April, 1,442 companies were established in Hungary, which is a 42 percent decline from the previous month and 35 percent from a year earlier – Opten told MTI. Opten...
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Print advertisements are more efficient
The total press market revenue in 2019 is HUF 106.524 billion. In line with the previous trend reversal, the print advertising segment remains a major factor. The biggest strength of...
Read moreFAO: food prices are falling constantly
Since February, the prices of the most important food products have been steadily declining due to the significant drop in demand generated by the economic and transport effects of the...
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AM: game meat to the health workers
The employees of the Balassagyarmat hospital were among the first to receive the 100 kilograms of processed, high-quality domestic game meat that game farmers voluntarily use to help doctors and...
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Retail sales in the euro area and the EU fell in March
Retail sales in the euro area and the European Union fell by a record level in March, compared to the previous month, according to a report by Eurostat, the EU’s...
Read moreFrench poured out ten million liters of beer
In France, about 10 million gallons of beer have to be destroyed in the near future because they have become unfit for consumption due to the coronavirus pandemic – index...
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The caring man is the new macho
Gender marketing messages that target men and products for men are using a new language, and they are also ‘speaking’ in new product groups. Men feel there is pressure on...
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Meat shortages and antibody tests in the US stores
Besides restarting economy and reopening stores, meat shortages are the main topics in the US. New York state conducting coronavirus tests at grocery stores to to reach a larger swath...
Read moreKSH: the turnover of retail stores increased in March
According to the raw data, the volume of retail store turnover in March was 4.4 percent, calendar-adjusted was 3.5 percent higher than in the same period of the previous year...
Read moreWe leave a fifth more money in grocery stores
We bought 15 percent more in the grocery stores and half as much in the clothing stores as before – – blokkk.com wrote. Webshops have approached the black friday turnover....
Read moreThe European Commission expects a seven percent decline in GDP in Hungary
The European Union can expect an unprecedented recession, according to the European Commission’s spring economic forecast published on Wednesday. The eurozone’s economy will shrink by a record 7.75 percent in...
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The problems caused by COVID-19 was taken more easily by those with a business continuity plan
Deloitte conducted a non-representative questionnaire survey on the business continuity (BCP) preparedness of domestic companies in connection with the management of the COVID-19 situation. The main lessons are that the...
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You eat and watch TV – what you show off your quarantine life
How many pounds of baked sourdough bread have we seen on Facebook in recent months? How many free newspapers, publications, yoga classes have we seen in our feed? Shared Zoom...
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Allee also joined the support
The Allee Shopping Center is supporting the healing activities of the St. Imre University Teaching Hospital COVID-19 with a donation of 15 million HUF. The healthcare institution will use the...
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The Ministry of Agriculture has initiated an extraordinary review of the conditions of poultry imports at the European Commission
Minister of Agriculture Nagy István wrote to the European Commission in order to reduce the negative effects of the Covid-19 pandemic on the poultry sector and to resolve the current...
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Ipsos: Much more people wear masks than a month ago, and we didn’t give up on hand washing
An online survey of a nationwide survey was conducted by the Ipsos polling company on the effects of the coronavirus pandemic. The survey was conducted at the end of April...
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