Market News
Coronavirus: millions of misleading advertisements disappear from online space as a result of joint European consumer action
The European Commission and Member States’ consumer protection authorities have monitored websites to identify where EU consumers are targeted by false claims or scams in advertisements for products that may...
Read moreCompanies with a strong online basis were more resistant to the coronavirus
Firms with strong digital feet have suffered significantly less from the crisis caused by the coronavirus epidemic, according to a recent online survey by Marketing Commando, 500 small and medium-sized...
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Companies will run out of financial reserves by the summer
The viral epidemic put domestic small and medium-sized enterprises in a situation they did not encounter during the 2008 economic crisis. The sector is facing serious problems, as almost half...
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An outsourced logistics model could be the future of e-commerce after the coronavirus
Following global trends, e-commerce has also grown steadily in Hungary in recent years, and the effects of COVID-19 on trade have further accelerated the strengthening of the online sector. Since...
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RetailZoom: Budapest and the Countryside are on different paths for Domestic Chains
The month of April was once again a significant landmark in the life of the Local Chains, and at the same time further separated the Budapest shops from the ones...
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Shops are looking for shopkeepers now
The coronavirus epidemic has thoroughly torn stores across borders, forcing many to close and shut down, much like we do. The reopening has already started, as has the search for...
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The stores reopened smoothly
With the resolution of the emergency, life in commerce was relaunched as well: stores were reopened and traders were able to return to their usual opening hours – origo wrote....
Read moreAlmost 170,000 Hungarian farmers can receive hundreds of billions HUF in support
Hungarian farmers submitted almost 170,000 single aid applications to the Hungarian State Treasury by 15 May, of which more than 113,000 were submitted with the assistance of the National Chamber...
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The Irsai Oliver wines passed Nébih’s inspection
Irsai Olivér wines were tested in the latest Supermenta test by the National Food Chain Safety Office (Nébih), with 25 samples passing both official and laboratory inspections, Nébih told MTI...
Read moreAfter the panic in April, the GKI business climate index rose slightly in May
The GKI business cycle index rose 5 points to minus 28 points after falling 29 points in April. It is still reflecting pervasive pessimism, while most sub-indices worked one-third of...
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AM: additional agricultural support can be applied for in three stages from the end of June
From the end of June, a total of 25 billion HUF additional agricultural support will be available to treat the economic effects of the coronavirus pandemic. On can apply for...
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Sixty percent of small businesses have stopped repaying their loans
A total of 2,000 billion HUF in loans was included in the moratorium – mfor.hu wrote. The credit moratorium was first mentioned in today’s briefing by the operational tribe. Tállai...
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Banana is the most popular fruit
Banana is the most popular fruit in the world – origo wrote. The coronavirus, has affected the food industry, including banana-growing regions. According to KSH data, the annual per capita...
Read moreWork is underway on the National School Garden Development Program
The equipment is constantly being delivered to the institutions that have won the tender of the National School Garden Development Program, and horticultural and pedagogical mentoring is also in full...
Read moreBusiness sentiment in Germany improved more than expected in May
In May, business sentiment in Germany improved better than analysts expected, according to a recent survey by the ifo Institute for Economic Research at the University of Munich. According to...
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Europe is a Private Label Fortress
The trend is clear from the latest Nielsen data compiled for PLMA’s 2020 International Private Label Yearbook which shows private label gaining market share last year in 14 of the...
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UN report: As the world’s forests continue to shrink, urgent action is needed to safeguard their biodiversity
Urgent action is needed to safeguard the biodiversity of the world’s forests amid alarming rates of deforestation and degradation, according to the latest edition of The State of the World’s...
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Fresh baked goods – all are Private Label
The delicious scent of freshly baked bread or croissants is a joy to behold as they attract shoppers in the store. Chef Berry Pronk tastes some traditional European pastries retailers...
Read moreAM: information on the details of the 25 billion HUF additional agricultural support
The Ministry of Agriculture (AM) is announcing a 25 billion HUF support program provided by the Economic Protection Fund to address the economic effects of the coronavirus pandemic in three...
Read moreAM: it could be a death sentence for European agriculture if Brussels implements the provisions of the Green Deal on the basis of proposals from the European Commission
The from the Farmland to the Table presented by the European Commission poses an insoluble task for farmers, and the Biodiversity Strategy, and not only does it not create opportunities...
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Poor fruit yields and price increases are expected due to the frost
According to preliminary estimates of FruitVeB and ÉKASZ (Interprofessional Organization and Product Council for Northeast Hungary), this year’s fruit crop could be around 500,000 tonnes, due to frost damage, while...
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Insolvency in times of emergency – you may want to opt for bankruptcy instead
Due to the epidemic situation, many companies are unable to meet their payment obligations. It is worthwhile for business partners to strive to reach an agreement on the settlement of...
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Hungarian onions may disappear from stores
One of the important ingredients of Hungarian food is onions, of which Hungarians consume an average of 10-12 kilos per person per year – agrarszektor.hu wrote. Although the demand for...
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Hospitals received game meat and seedlings were given to for those in need in Szolnok on Friday
More than four hundred servings of ready-to-eat venison were handed over to the two hospitals in Szolnok on Friday, while thousands of tomato and pepper seedlings were distributed among the...
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The Ministry of Agriculture focuses on biodiversity
May 22 is World Biodiversity Day. On this occasion, attention is drawn to the conservation of biodiversity and threats to biodiversity worldwide. Habitat reconstruction has taken place on more than...
Read moreEastern Europe is the safest market for German exports
Amid the global economic recession caused by the coronavirus pandemic, Eastern Europe proved to be a stable support for the German export economy, according to a report by Ost-Ausschuss, a...
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Eating habits have changed
Quarantine has transformed not only our everyday lives, but our eating habits as well. After the appearance of the coronavirus in Hungary, many stores were attacked and long-lasting food was...
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Time is up for hobby horticulture – Zsendülés conference in Szeged, 5-6 March 2020
The 6th Zsendülés conference was organised in Hotel Forrás in Szeged. József Rácz, president of Kert-Ész Club Association welcomed participants, and his speech was followed by presentations about the state...
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Magazine: No stopping for chocolate tablets!
The Hungarian chocolate market is developing dynamically: sales were up 11 percent in 2019 in comparison with 2018. In the same period chocolate tablet sales ‘only’ grew by 6 percent....
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The government is helping agricultural and food businesses with additional support of 25 billion HUF
In addition to the currently available forms of support, the Ministry of Agriculture announces several support schemes that help farmers, producer organizations and food industry companies to manage the economic...
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