Market News
Economic sentiment improved in the EU and the Eurozone in August
In August, the economic sentiment index in the Eurozone and the European Union improved compared to the previous month, according to a survey presented on Thursday by the European Commission’s...
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GVH is also investigating the pricing practice revealed by NGM
The Economic Competition Authority (GVH) will examine the pricing practice revealed and indicated by the Ministry of National Economy (NGM) as part of a complaint procedure, the supporting evidence and...
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We can also offer the value of returned drink packaging for charitable purposes
The mandatory deposit return system (DRS) went live in Hungary on July 1st, and it can already show serious results. Customers not only have a coupon that can be redeemed...
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It is misleading to base economic development only on consumption
The one-sided use of consumption indicators, which are often used to measure economic development, can be misleading, especially if sustainability aspects are ignored, the Index article points out. Eurostat’s indicator...
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Five reasons why you should start the school year with honey!
School bag, pencil holder, textbooks and notebooks. This might be a tick on every parent’s list, but what else could be needed during the school year? Honey is also one...
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Vinted was not the only one screwed by consumer protection
There are a number of digital platforms operating in the European Union, often with a similar structure but operated by different market players. In the case of new actors, information...
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The start of school places a significant burden on parents: the turnover of pawnshops also increases during this period
The new school year will start soon, so many families spend part of their August income on school supplies and school bags. Enrollment in school places a significant burden on...
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The proportion of people living in independent households has increased significantly
63 percent of young Hungarians live in independent households, which is a particularly high proportion compared to the data of the last decade. However, what are the plans of the...
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Majority of young people think bank cards can retire now
According to the latest K&H youth index survey, in Q2 2024 72% of 19-29 year olds thought paying with their smartphone or smart watch was just as secure as a...
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AI regulation enters into force
On 1 August the European Union’s regulation on artificial intelligence, the AI Act entered into force. This article is available for reading in Trade magazin 2024/8-9 The AI Act is...
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Nébih asks winemakers to be careful about must gas
The harvest season has begun, winemakers must pay attention to the dangers of must gas formation in their cellars, the National Food Chain Safety Office (Nébih) told MTI on Wednesday....
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These 4 IT challenges are worth paying attention to in 2024
Companies quickly adapt IT solutions that are developing at breakneck speed, but the same can be said less about the higher education sector. According to the TOPdesk expert, IT professionals...
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Poultry slaughter increased by 11.9 percent in the first half of the year
118.5 million pieces of poultry were slaughtered in the first half of 2024, 11.9 percent more than in the same period of the previous year. The live weight of slaughtered...
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Nearly 40% of online shoppers make monthly returns
Nearly four-in-10 consumers return an item they purchased online at least once a month, according to a new survey. Post-purchase intelligence platform Narvar’s 8th annual State of Returns Report found...
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Pingo Doce introduces eco-friendly, reusable bread bags
Portuguese retail chain Pingo Doce has launched 100% cotton reusable bread bags made in Portugal. The move is part of Pingo Doce’s commitment to minimise single-use packaging and promote a...
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Delhaize Serbia Expands Logistics Network With New Distribution Centre
Delhaize Serbia has consolidated its supply chain capabilities by opening a new distribution centre in Dobanovci. The state-of-the-art facility, located within VGP Park Belgrade, spans across 42,000 square metres and...
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Lidl shows resilience against Biedronka and Dino
Lidl has taken the lead in revenue growth on same sales areas among Polish top grocers. For the first time the German discounter’s like-for-like figures exceed those of grocery market...
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The joint project of Nébih and MATE has ended: the National Laboratory of Agricultural Technology
The development of the National Laboratory of Agricultural Technology in cooperation with the National Food Chain Safety Office (Nébih) and the Hungarian University of Agriculture and Life Sciences (MATE) has...
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Little change in the GKI economic sentiment index in July
According to a survey conducted by GKI Economic Research with support from the European Union, neither the outlook for the business sector nor for the population changed significantly in July...
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The expansion of a Ferrero plant in Germany is given the green light
The Italian confectionery group has received official approval to build a new production hall at its site in Stadtallendorf. The €170 million investment is intended to “ensure the long-term viability...
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Fertilizer prices fell by almost 37 percent on average
Fertilizer distributors sold 789,000 tons of fertilizer directly to agricultural producers in the first half of 2024. Although the volume sold was 38.7 percent higher, due to the 36.9 percent...
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GKI: Is domestic consumption weak?
Some domestic economists are looking for explanations for the anomaly called the “consumption puzzle” by the Minister of National Economy. In other words: why does this year’s strong real wage...
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The domestic and EU pork sector faces difficult years: what can be expected in the future?
The domestic and European pork industry has been struggling with serious challenges for years. Rising purchase prices, falling consumption, and the change in the social perception of the sector all...
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Growing transactions: electronic payments gained new momentum in the second quarter of 2024
After the seasonal decline experienced in the first quarter of the year, the turnover of POS terminals and the number of completed transactions started to increase again in the second...
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This could be the antidote to the declining Hungarian beer consumption
Beer consumption has shown a decreasing trend in Hungary in recent years, but at the same time, quality has come to the fore and consumers can choose from a never-before-seen...
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The price of olive oil rises dramatically: counterfeiting and stock shortages are breaking records
The world market price of olive oil has more than doubled in the past two years, thanks to production difficulties caused by extreme weather. However, in addition to the rising...
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foodora: There is no cucumber season in the food order
Vacations, school breaks and heatwaves also affect the consumption habits of Hungarians. Our daily routine of avoiding the heat is also reflected in our food ordering habits. The compilation of...
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Hungary is at the forefront of ultra fast fashion
Ultra fast fashion companies are increasingly dominating the fashion industry thanks to their amazing technological background and quick response. In contrast to traditional fashion industry models, where designers work based...
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Ivory Coast increases support for cocoa exporters: 500,000 tons are targeted
The government of Côte d’Ivoire is taking a major step to support local cocoa exporters to increase their competitiveness in international markets. The world’s largest cocoa producer has produced an...
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We know how young people drank this summer: in the spirit of fair play and responsible drinking
Of course, there are those who think it’s “to a small extent medicine, to a large extent medicine”, or who “drink for a week, exercise for a week”, but the...
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