Market News
Almost 8 from 10 people choose contactless payment
According to a recent global consumer survey – conducted by Mastercard in 19 countries in the first quarter of 2020 – 79 percent of shoppers choose contactless payment; the main...
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Online sales are thriving
Because of the extraordinary situation, for the first time Ecommerce Hungary organised its professional meetup on an online platform. The topic was the relationship between the global pandemic and e-commerce....
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Starbucks-Sequoia cooperation to make tech investments in China
Starbucks has started a partnership with venture capital firm Sequoia Capital China to invest in technology businesses in the world’s second-largest economy. The coffee chain told that along with investments,...
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Uber joins the Woolworths home delivery network
Uber grocery delivery at Woolworths will start in cities across Australia. Orders can be placed via Woolworths’ website or smartphone app, and the supermarket’s personal shoppers will handpick the items...
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Auchan opts for instant green solutions
In April 2020 Auchan Magyarország started phasing out single-use plastics from its product selection. From April the retailer is replacing plastic plates, drinking straws and cotton buds with eco-friendly alternatives...
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School bags for children in need
Courtesy of SIÓ-Eckes Kft., this year approximately 1,000 socially disadvantaged but diligent 6-10 year old pupils will get a new school bag and quality school supplies. SIÓ-Eckes Kft. and the...
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Nébih’s Viber campaign starts with stickers
A world-debut from the National Food Chain Safety Office (NÉBIH): the food safety authority can now be found on Viber. The 4-month campaign – which includes a game and free...
Read moreKSH: the Hungarian economy expanded in the first quarter
According to raw data, Hungary’s gross domestic product (GDP) grew by 2.2 percent according to the raw data, while the seasonal and calendar-effect adjusted balanced data shows a 2.0 percent...
Read moreMinister of Agriculture: the impact of the crisis on the Hungarian food economy
The role of safe food supply has increased, and the emergency situation is also strengthening consumer awareness. According to Dr. Nagy István, Minister of Agriculture that is why it is...
Read moreBudapest reopens in two weeks
On his Facebook page, Prime Minister Orbán Viktor announced the decision to reopen Budapest, after thorough discussions with epidemiological experts – portfolio.hu wrote. According to him, we have won the...
Read moreCsányi Sándor: agriculture is one of the most stable sectors of the national economy
The coronavirus crisis highlighted the importance of agriculture, proving that it is one of the most stable sectors of the national economy, and the stability of food supply in the...
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Car small markets
Thanks to the government’s supportive strategy, the number of local producer markets increased almost one and a half times between 2012 and 2019, from 117 to 298 – hirtv.hu wrotes....
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This is how seasonal workers from abroad can work in agriculture
A police decision has been issued on the conditions of entry and exit of seasonal agricultural workers to Hungary, as well as on the rules of their stay and quarantine...
Read moreUnprecedented Drought
Year after year, the droughts of early spring, such as this year, are becoming more and more common in Hungary, which certainly seriously endanger arable crops – agrarszektor.hu wrote. If...
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What to do if someone is unable to pay personal income tax
May 20 is the deadline for reviewing, supplementing and correcting the draft personal income tax prepared by the tax authority. One of the typical reasons for deviations from the return...
Read moreThe pandemic may bring a slowdown in globalization
The coronavirus could bring the fundamental transformation of global trade and a regression of globalization, according to economists interviewed by CNBC – portfolio.hu wrote. The Economist Intelligence Unit (EIU) in...
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Eurozone and EU GDP fell by record levels in the first quarter
Compared to the previous quarter, euro area and EU gross domestic product fell by the largest amount ever recorded in the first quarter, according to a preliminary report by Eurostat,...
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Unilever enlarges its Nyírbátor factory
Unilever Magyarország Kft. is making its household chemical product factory in Nyírbátor about one third bigger. The project has a nearly HUF 15-billion budget and this sum will cover building...
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Trade magazin becomes Excellent Product and 5-time Business Superbrand
We are happy to report that from May 2020 Trade magazin isn’t only a Hungarian Product but also an Excellent Product trademark user, and it has earned the Business Superbrands...
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New presidency for the Hungarian Marketing Association
On 13 May the Hungarian Marketing Association (MMSZ) held an online general meeting. The members voted with yes to a bigger, 16-member presidency as of June. MMSZ has nearly 200...
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Kifli.hu arrives in the Lake Balaton region
Kifli.hu now also serves customers in the Lake Balaton region. The online supermarket offers same day delivery to shoppers’ homes…or to the beach! Shoppers in Szántód, Zamárdi, Siófok, Balatonvilágos, Balatonakarattya,...
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COVID generation: has the tension between young and old increased
Recently, Levente Székely’s book Gray Swans was published, in which the professional leader of the large-scale Hungarian youth research – based on the results of the research series – writes...
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K&H for sustainable agriculture grant winners announced
Within the framework of the ‘K&H for sustainable agriculture’ grant programme, young agri-experts were studying the circular economy and the chances for mitigating the effects of climate change. Students could...
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COVID-19 affected Henkel’s first quarter
Henkel’s results were influenced by the coronavirus pandemic in the 1st quarter of 2020. The group’s sales revenue dropped 0.8 percent to EUR 4.9 billion; organic sales were down 0.9...
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New Hell campaign with Bruce Willis
In mid-May Hell Energy launched a 50-country advertising campaign featuring Bruce Willis. The Hollywood star will be the brand’s face for another two years. In the new commercial he not...
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Magazine: Sales growth in the pet food market
Pet food sales developed by two-digit numbers last year. Dániel Nagy, customer marketing expert of Mars Magyarország Értékesítő Bt. told our magazine that sales are growing month by month, without...
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Szamos: Success story from around the kitchen table
Nearly 100 years of traditions, 500 employees and 22 confectioneries: Szamos is a family enterprise where the 2nd and the 3rd generations work in close cooperation. Our magazine interviewed Gabriella...
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Double-digit sales growth for grocery stores in March
In March 2020 like-for-like retail volume sales grew by 4.4 percent; adjusted for calendar effects, the sales growth was 3.5 percent – reported the Central Statistical Office (KSH). Food and...
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Food prices grew further in April
Consumer prices were 2.4 percent higher in April 2020 than in April 2019. Food prices grew by 8.7 percent. Pork’s price augmented the most, by 28.9 percent. The price of...
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