Market News
Corporate liquidations peaked in January
According to Opten, the level of liquidations peaked in January as a mixed-impact effect of the Covid pandemic, but the number of start-ups was also close to record, according to...
Read more
“Equal Opportunities, Fairness” Rare Diseases Week 2021
There are millions of people worldwide with a rare and congenital disorder, and about 700,000 in Hungary. As more than half of those affected are newborns, infants and young children,...
Read moreIn Slovakia, shopkeepers, taxi drivers and inspectors are also vaccinated
The Slovak Ministry of Health has announced that from the weekend, vendors of grocery stores, taxi drivers, bus drivers and inspectors, as well as flight attendants will be able to...
Read more
Strong partnerships are more important than ever
The pandemic is fundamentally changing the private label partnership. That’s the conclusion of a special industry panel of retailers and manufacturers conducted during PLMA’s virtual Annual Roundtable Conference. More than...
Read more
MEKH: The use of new energy labels is mandatory from Monday
The use of the new energy labels on certain products of technical stores and in the product brochures of web stores is mandatory from Monday, the Hungarian Energy and Public...
Read more
Report from the boardroom (Part 1) – An interview with Rezső Rózsai, CEO of KPMG Hungary
In our new series Judit Szalóky Tóth, a Boyden Executive Search partner makes interviews with executives. This time she asks questions from Rezső Rózsai, CEO of KPMG Hungary. Mr Rózsai...
Read more
KSH: real earnings grew by 6.2 percent in 2020
The average gross earnings of full-time employees were 449,400 HUF last December, 10.6 percent higher than a year earlier. In 2020, gross average earnings reached 403,600 HUF and net average...
Read more
Gulyás: Restrictions will remain until March 15
The government will maintain the restrictions imposed due to the coronavirus pandemic unchanged until March 15 – Gulyás Gergely, the head of the Prime Minister’s Office said at the Government...
Read more
The Chamber of Agriculture is initiating the expansion of interest-free restart quick loan holders
The National Chamber of Agriculture (NAK) is initiating the government to allow suppliers in difficulty due to restrictions on catering facilities to participate in the interest-free restart quick loan loan...
Read moreA slaughterhouse in Pest county was closed by Nébih
Due to serious violations, the operation of a pig slaughterhouse in Pest County had to be suspended with immediate effect, the National Food Chain Safety Office (Nébih) told MTI on...
Read more
Economic sentiment in the euro area and in the EU improved in February
Economic sentiment in the euro area improved better than expected in February, according to a report by the European Commission’s Directorate-General for Economic and Financial Affairs (DG ECFIN) on Thursday,...
Read more
Amazon Fresh debuts its 10th store, 100th and 1000th ight come
The online giant has opened its 10th Fresh store in the U.S. on 25th Feb. 2021. The 45,000-square-foot store opens with an assortment of mainstream, local and private label grocery...
Read more
Bisnode analysis: payment morale improved in Hungary in 2020
Payment morale in Hungary has improved, more bills were settled on time in 2020 than in 2019, Bisnode told MTI on Wednesday. They added that last year fewer companies issued...
Read more
Analysts: base rate remained unchanged as expected
The market did not expect the central bank base rate to change, the decision of the Monetary Council of the Magyar Nemzeti Bank (MNB) on Tuesday met analysts’ expectations, experts...
Read more
A foreign plant can cover the sand steppes
Researchers at the Institute of Ecology and Botany of the Ecological Research Center of Eötvös Loránd University investigated the changes in the growth and seed yield and mass of the...
Read more
Deloitte: women’s sports is a growing business in
The gap between revenues from men’s and women’s sports is narrowing, and while the latter is still far behind in this area, there is growing potential for sponsors and investors...
Read moreG20 exports and imports increased in the last quarter of last year
G20 exports and imports increased in the last quarter of last year. Third-quarter brought expansion while a significant decline was recorded in the first half of the year as a...
Read moreDestatis has improved its fourth quarter German GDP growth estimate
Destatis has improved its fourth-quarter GDP growth data for Germany from its first estimate in the second estimate released by the German federal statistical office Destatis on Wednesday. In the...
Read moreEconomic indicators have improved slightly in Austria
In Austria, economic indicators have improved somewhat due to a cautious opening two weeks ago after a full closure previously ordered due to the coronavirus pandemic – Finance Minister Gernot...
Read moreEuropean Court of Auditors: the basic level of digital competence of adults has not significantly improved
Although digital skills are becoming increasingly important, the level of adults’ basic digital competences has not improved significantly in recent years. Therefore the European Union and its Member States need...
Read more
India’s wheat crop could set a record
It could be a record year for wheat production in India this year – origo wrote. India, the world’s second-largest wheat producer, is unlikely to overtake China as the world’s...
Read more
This is how East Africa can turn locusts invasion to advantage
The population of East Africa is projected to double by 2050, so demand for meat will also increase and locusts will be a high-quality, affordable agricultural raw material for future...
Read more
Strawberry counter drone helps to estimate the yield
The strawberries counting drone was developed by the Belgians – agrarszektor.hu wrote. A manufacturing research institute called Flanders Make has created a flying drone that, thanks to its artificial intelligence,...
Read more
Walmart e-commerce expansion
BigCommerce sealed a new partnership with Walmart — a move that gives its sellers the ability to sell products on Walmart.com. Walmart is also rolling out a “New-Seller Savings” offer, designed to waive commission...
Read more
FMCG at the time of the coronavirus pandemic
If we want to imagine what kind of year is waiting for FMCG market players, first we need to take a good look at what 2020 brought. It goes without...
Read more
Hungarian brands are an asset – this is the message of the MagyarBrands programme
In 2020 the pandemic situation proved that the relationship between brands and their customers can be strengthened further by the conscious responsibility taking of brands. Entries in the MagyarBrands programme...
Read more
Magazine: Sustainable, personal, and healthy – this is what we want from groceries in 2021
Does milk grow on trees now? 2020 was a year when safety became the driving force in shopping practically overnight. Such technological transformations occurred in just a couple of weeks...
Read more
Shopping streets will focus on domestic customers
The pandemic is transforming the offer of shopping and themed streets. In the future the importance of services and product mix with the local market will increase, and the new...
Read more
The median wage has risen by 91 percent since 2010
In ten years, the average wage and the median wage also increased strongly in Hungary – the Vice-President of the Central Statistical Office (KSH) told MTI on Tuesday. Windisch László...
Read more
P&G launches coronavirus-killing Microban 24 in the UK
Procter & Gamble is broadening the rollout of a hit brand of 24-hour disinfectant that saw surging sales during the pandemic. In the first market expansion outside the U.S., the...
Read more
