Market News
MKIK-GVI: proportion of late-paying companies has reduced
The ratio of late payment partners and chain debt has decreased by 3 percentage points among the surveyed companies since the July 2020 data survey, the MKIK Institute of Economics...
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Enviromental friendly display in the Netherlands
On introducing the reusable Mr. Flexx® display system, the Dutch supermarket chain of Hoogvliet to roll out this Mr. Flexx® Premium version in all 71 supermarkets. Maximum CO2 reduction in combination...
Read moreChinese exports and imports expanded in the first two months of the year exceeding expectations
Exceeding expectations, Chinese exports and imports expanded in the first two months of the year due to growing demand, although the outstanding data was partly due to last year’s low...
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Empowering women and girls is crucial to ensure sustainable food security in the aftermath of COVID-19, say UN food agency heads ahead of International Women’s Day
Hunger and famine will persist and there will be unequal recovery from the impacts of the COVID-19 pandemic unless more women in rural and urban areas hold leadership positions with...
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Magazine: Online retailers also need to accommodate to the new shopping habits
In January 2021 Reacty Digital did a representative online survey on the shopping habits of Hungarian consumers. Most online retailers have benefited from the pandemic situation, but those who couldn’t...
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KSH: agricultural production decreased in volume, increased in value in 2020
In 2020, agricultural production fell by 2.2 percent at previous year’s prices, but at current prices it was 4.8 percent higher than a year earlier, thanks to a 7.2 percent...
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Varga Mihály: growth may be 4-4.5 percent this year
According to the Minister of Finance, the country be opened after Easter, in case of proper vaccinated, then there is hope that the Hungarian economy will achieve 4-4.5 percent growth...
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Analysts: retail may reach pre-epidemic levels by summer
The pre-pandemic level is expected to be reached in the summer months in retail trade. The increase in turnover in January compared to the previous month can be explained by...
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NAK introduces an extraordinary customer acceptance policy
In accordance with the emergency measures announced by the Government, the National Chamber of Agriculture will minimize the number of personal client meetings to minimize the possibility of the spread...
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For four-fifths of corporate online shoppers, the user experience decides when shopping online
The world of online commerce has changed a lot in the last one year. The global pandemic, closure and transformed consumer demands are changing the relationship between shoppers and e-merchants...
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ManpowerGroup: Digitalization does not reduce but increases the demand for manpower
The coronavirus has accelerated the process of digitization in 38 percent of companies, which has been accompanied by an increase in labor demand, according to a survey by ManpowerGroup carried...
Read moreITM Secretary of State: stores can still be open online
The pandemic has hit Europe, including Hungary, so a closure is needed, but stores can still be open online, everything can be bought online, the parliamentary and strategic secretary of...
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The economic performance of the euro area declined less than expected in February
The euro area’s economic performance had been shrinking for the fifth month in February, but to a lesser extent than in the previous month, mainly due to an unprecedented rise...
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In a mentor role
Ákos Bősze, business development executive (HoReCa) of METRO talked to our magazine about the impact of the virus on the present and the future of the sector. What was it...
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Magazine: The system protects you!
Our magazine asked some of the biggest players in the Hungarian Franchise market about how the pandemic affected the sector. We learned from Géza Tóth, CEO of Co-op Hungary Zrt....
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Retail sales fell 1.8 percent at the beginning of the year on an annual basis
Compared to the previous month, the seasonally and calendar-adjusted volume of retail trade sales increased by 0.5 percent in January. Compared to a year earlier, according to the raw data,...
Read moreLondon analysts expect stronger-than-expected Hungarian growth this year due to improved GDP performance at the end of last year
According to macroeconomic analysts in London, the upward adjustment of Hungary’s gross domestic product (GDP) in the fourth quarter of last year makes it probable that the Hungarian economy may...
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KAVOSZ: Széchenyi Card Program’s crisis constructions were extended
The crisis constructions of the Széchenyi Card Program will certainly be available to entrepreneurs by 31 December 2021, after the government extended the possibility of using loans from 30 June...
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Family cashier: Johnny, you spent more
I? – asks Johnny – Just look at my shopping list hon’: it got shorter. Okay, so there was a bit of an increase in prices. In 2020, the total...
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Randstad: In Hungary, 38 percent of companies plan to increase their headcount this year
In Hungary, 38 percent of medium-sized and large companies are planning to expand their staff this year, such as hiring IT professionals, manual workers and employees in the manufacturing sector,...
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Forbes: Here is a list of the most influential women
Forbes again published a list of the most influential women this year. The list is available at the following link: https://forbes.hu/extra/a-legbefolyasosabb-magyar-nok-2021/?fbclid=IwAR3lz7MM_X3k1VawA7MRq63yFUQFVmfhEVKGa0UnDkM-O1sbiUg8PTQ9R0c...
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Ikea digital card game for International Women’s Day
Ikea deals out digital card game on Instagram to fight domestic work inequality. The company’s aim is to make homes more equal this International Women’s Day and afterwards. This International...
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Fidelity International: Analyst Survey Starts – Competition for Net Zero Carbon Emissions
By the end of the decade, almost a quarter (24%) of all companies will be carbon neutral, according to a Fidelity International Analyst Survey showing that environmental, social and corporate...
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MNB: clear progress in green finances last year
Despite the pandemic, there was clear progress in green finance last year, many banks are working to introduce green loans, and the Hungarian state has successfully issued green government securities,...
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New fertilizer in Israel could be the solution of the future
An Israeli company would produce an odorless, safely stored and usable fertilizer from animal feces – agrarszektor.hu wrote. The procedure, developed by Paulee CleanTec, was originally intended to get rid...
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FAO Food Price Index rises for ninth consecutive month in February
Global food commodity prices rose for the ninth consecutive month in February, with quotations for sugar and vegetable oils increasing the most, the Food and Agriculture Organization of the United...
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A guide to plastic bags
From 1 July 2021 new rules enter into force for in-store plastic bags. Between 15 and 50 micrometres only biodegradable bags can be used. Bags thinner and thicker than these...
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Analysts: strong rebound potential in last year’s fourth-quarter GDP data
This year’s economic outlook is viewed differently by analysts interviewed by MTI; there were those who believed that last year’s upward-revised fourth-quarter GDP figure indicated a significant rebound potential, and...
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The adventures of Frutti and Veggi continue as the European Fresh Team
This year marks the start of another three-year period of the EU Chamber of Agriculture’s (NAK) EU campaign to promote fruit and vegetable consumption in cooperation with French-Belgian professional organizations....
Read moreThe Food Bank and Munch enter into a strategic partnership
The Hungarian Food Bank Association and Munch, the Food Saving Social Enterprise, have concluded an investment agreement. Thanks to the cooperation between the Food Bank and Munch, the food surpluses...
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