Market News
Leasing of labor is a stable solution according to the trade union
Temporary employment is the most widespread form of atypical employment. While in a typical employment relationship, one employer can easily dismiss the staff, with 50 to 100 partners providing solution...
Read moreMNB: rising fuel and food prices pushed up inflation in January
The rise in inflation is mainly explained by the rise in fuel and food prices – the National Bank of Hungary (MNB) said in its comment on January inflation data....
Read moreITM aims to make Hungary a strong innovator country
Decisions made in recent months will help Hungary become a strong innovator, Gulyás Tibor, deputy State Secretary of the Ministry of Innovation and Technology (ITM) emphasized at a joint press...
Read more
We reach into our pockets when it comes to dogs raising 13 million HUF for needy dogs
The Cofidis Dog Eye program has created an extraordinary social partnership, with more than 5,000 people donating nearly 13 million HIF to support dogs in need. We are one of...
Read moreThe EU Council adopts new VAT rules for e-commerce and small businesses
The Economic and Financial Affairs Council of the European Union (ECOFIN) has adopted new rules to facilitate the detection of VAT fraud in cross-border e-commerce and simplified the VAT rules...
Read moreAnnual inflation in Romania was 3.6 percent in January
In January, Romanian inflation was 3.6 percent higher than in the first month of last year, the Romanian National Institute of Statistics announced. The increase in consumer prices was mainly...
Read more
Magazine: Innovation summit on personalised nutrition
New knowledge and technologies make it possible for food companies to personalise food products – participants learned at the ‘Newtrition X’ conference, organised by the foodRegio association within the framework...
Read moreKSH: agricultural output stagnated last year
Agricultural production was down 0.3 percent from the previous year due to a 1.7 percent growth in the livestock sector and a decline in crop and horticultural products. The 3.2...
Read moreAnalysts have positively surprised with Q4 GDP
Last year’s fourth-quarter GDP figures gave a positive surprise, according to analysts reporting to MTI, but the slowdown is expected to continue this year. According to the first estimate released...
Read more
MNB: Households’ net wealth exceeded 108 percent of the GDP at the end of 2019
Households’ net financial assets increased by 11.7 percent last year to 50,932 billion HUF at the end of the year. Households’ financial assets totaled 61,161 billion HUF, accounting for 130.8...
Read moreThe Minister of Agriculture calls for the development of practical solutions to climate change
Climate change is changing, along with environmental, economic and social challenges, all of which require the development of practical solutions – Nagy István, Minister of Agriculture said at the opening...
Read moreEY: the number of cyber attacks can be increased by introducing an instant payment system
After eight months of postponement, the Immediate Payment System (AFR) will be launched in Hungary in early March. With the introduction, new types of frauds can be expected. For example,...
Read moreConsumer sentiment in the United States improved in February
Instead of the deterioration expected by analysts, consumer sentiment in the United States improved in February, according to a standard monthly survey by the University of Michigan. According to preliminary...
Read moreInflation growth in the Czech Republic accelerated
Annual inflation in the Czech Republic accelerated to 3.6 percent in January from the 3.2 percent of December, the Czech Statistical Office (CSU) announced in Prague on Friday. This is...
Read moreKSH: gross domestic product increased by 4.9 percent in 2019
Last year, gross domestic product (GDP) grew by 4.9 percent year-on-year, according to the first estimate of the Central Statistical Office (KSH) published on Friday. Annual GDP growth was 4.3...
Read more
The changes in the fisheries sector are successful
Based on experience and feedback, the changes in the fishery sector have been successful, and over the past few years the number of anglers has increased by more than 150,000...
Read moreAM: 2021will be a transitional period for EU agricultural support
There will be a transition period next year for EU agricultural subsidies, while the new Common Agricultural Policy (CAP) will be governed by the regulation for the 2014-2020 period for...
Read more
Mastercard has increased its Valentine’s Day spending in Hungary by 1.5 times over 3 years
Valentine’s Day spending increased by 17 percent and pre-purchase purchases by more than 30 percent over the last three years, according to a study based on data from 53 countries....
Read more
Fourth-quarter GDP growth in the euro area is at a six-year low
Downward from its previous estimate, the euro area’s fourth-quarter annual GDP growth rate has been revised down in a report released Friday by Eurostat, the EU’s statistical office. According to...
Read moreRetail sales in the United States stagnated in January
Sales of automotive, fuel and construction products, as well as retail sales excluding hospitality, stagnated in the United States in January, compared with December, when they recorded a 0.2 percent...
Read more
Online FMCG sales: A small share expanding rapidly
According to the Nielsen Shopper Trends survey, 18 percent of shoppers said at the end of 2018 that they had already purchased groceries online (this rate was 2 percentage points...
Read moreKSH consumer prices rose 4.7 percent in January
Consumer prices were on average 4.7 percent higher in January than a year before – the Central Statistical Office (KSH) announced on Thursday. Consumer prices rose to a greater extent...
Read more
The Hungarian advertising market is expected to grow by 7 percent this year
The Hungarian advertising market is expected to grow by 7 percent this year, mainly due to the competitive sector, as 2020 is expected to be a quieter period for political...
Read moreLast year, the GVH imposed a fine of more than 8 billion HUF
Last year, the Hungarian Competition Authority imposed a fine of 8.3 billion HUF. Fines for restrictive practices approach 3.4 billion HUF, and consumer protection fines reach nearly 4.9 billion HUF...
Read moreEU forecasts: the European economy will show stable but subdued growth over the next two years
According to the European Commission’s (EC) winter economic forecast, the European economy is on a path of steady but moderate growth over the next two years, with job creation and...
Read moreConsumer prices accelerated in Germany
Consumer prices in Germany rose at an accelerating pace. The German Federal Bureau of Statistics (Destatis) said in its final release on Thursday that consumer prices in January increased by...
Read moreEverything you want to know about milk consumption
The Milk Product Board has launched its school education campaign to promote the consumption of milk and to show the positive physiological effects of milk to children. According to experts,...
Read more
HEPA has created a complete value chain to support start-ups in the foreign market
Another five members have joined the Startup Campus (SC) Hungary Powered by Hepa Program, which supports the launch of Hungarian startup companies. The twelve domestic participants involved in this initiative...
Read more
Valentine’s Day – sweetly sugar free
We don’t have to give up on sweet taste and sugar on a romantic Valentine’s Day date – but moderation is very important. Fruits and sweeteners can be of great...
Read more
