Market News
How much will the worker’s loan repayment be?
Date: 2025-01-14 10:02:25
Already in the first days, there was significant interest in the bank’s worker’s loan. A worker’s loan with state support, previously unseen on the Hungarian market, is also available at...
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Sándor Czomba: The number of registered job seekers has not been this low since the change of regime
Date: 2025-01-14 10:00:11
According to data from the National Employment Service, in December 2024, only 220.8 thousand people were registered as job seekers, which is a decrease of more than 4 thousand people...
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Oatly Announces Closure Of Singaporean Facility
Date: 2025-01-14 09:48:00
Oatly has announced the closure of its Singaporean facility, as the oat drink-maker seeks to reduce future capital expenditure needs. The Singaporean facility forms part of the company’s Europe &...
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German shoppers open to biometric payments
Date: 2025-01-14 09:37:38
According to a recent Mastercard survey 43% of German consumers are open to paying with biometric identification at in-store checkouts, an increase of 9% compared to the previous year. Currently...
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One of Hungary’s largest podcast market players is being renewed
Date: 2025-01-14 09:33:48
The entertainment audio platform Podpad.hu, launched by Atmedia in 2021, will be completely renewed, and will continue to be available to listeners for free under the name atalon from January...
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Lidl Opens First ‘Outlet’ Store In Czechia
Date: 2025-01-14 09:29:51
German supermarket chain Lidl has opened its first ‘outlet’ store in Czechia, located in Prague’s Štěrboholy Retail Park. Lidl’s ‘outlet’ format offers non-food products at huge discounts. The discounter operates...
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Sunflower prices remain high
Date: 2025-01-14 09:00:20
Oil World experts expect a global sunflower seed harvest of 53.9 million tonnes in the 2024/2025 marketing year, down 9 percent from 2023/2024. Russia’s harvest was 9 percent (16.9 million...
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Orange prices up 10 percent
Date: 2025-01-14 09:00:07
According to a December report by the European Commission, the EU’s orange production could increase by 8 percent to 6.18 million tonnes in 2024 compared to a year earlier. According...
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Foot-and-mouth disease has appeared in Germany
Date: 2025-01-13 11:00:24
Foot-and-mouth disease has reappeared in Germany after 37 years. The disease was detected in three free-ranging buffaloes in the state of Brandenburg. Nébih draws attention to the need for increased...
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Own webshop or online marketplace?
Date: 2025-01-13 10:41:46
In a growing number of countries there is a trend of online marketplaces offering a selection of various private labels in one place. This article is available for reading in...
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Bird flu has reappeared in Hajdú-Bihar County
Date: 2025-01-13 10:00:41
The laboratory of the National Food Chain Safety Office (Nébih) has detected the presence of bird flu virus in Hajdú-Bihar County. The eradication of the affected goose herd has been...
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The loan portfolio of agriculture and the food industry also decreased
Date: 2025-01-13 09:30:44
The loan portfolio of corporate enterprises in the national economy increased by 3.5 percent to HUF 12,741.0 billion in one year. Within this, the value of foreign currency-based loans increased...
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Carrots and parsley root are also in demand on the domestic market
Date: 2025-01-13 09:00:52
Although carrots and parsley root are everyday products for us, their production requires special knowledge and technology. At the same time, domestic producers, in addition to serving the domestic market...
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Quick commerce booms in India as consumers seek faster deliveries
Date: 2025-01-12 09:47:03
The demand is particularly high amongst younger consumers. Quick commerce in India is rapidly transforming the retail industry, with growing demand for fast delivery of daily essentials, according to GlobalData....
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REWE Group Revamps Digital Loyalty Programmes
Date: 2025-01-12 09:40:13
REWE Group has announced a new format for its digital loyalty programmes for both REWE and Penny customers, leveraging data-driven technologies to better deliver personalised offers. According to the retailer,...
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Lactalis to close factory in Zambia
Date: 2025-01-12 09:30:45
The dairy group has cited “market dynamics”, according to a government minister. Lactalis has decided to shut a factory in Zambia, the country’s government has said. The dairy group has...
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KSH: retail turnover in November exceeded the same period of the previous year by 4.1 percent and the previous month by 0.6 percent
Date: 2025-01-10 14:57:13
In November 2024, the volume of retail trade turnover increased by 3.7 percent according to raw data, and by 4.1 percent adjusted for calendar effects, compared to the same period...
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NGM: Public confidence is apparently starting to return
Date: 2025-01-10 14:35:16
The government is working to improve the economy so that families can manage with more money and thus consume more – this is how the Ministry of National Economy (NGM)...
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Fidelity Outlook 2025: The US is ready for reflation
Date: 2025-01-10 14:29:46
The Republicans’ landslide victory in the November election has significantly changed the economic outlook for 2025. For much of 2024, we considered a soft landing in the US as our...
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GKI analysis: We are further away from eurozone membership than we were 10 years ago
Date: 2025-01-10 14:12:25
Hungary committed to adopting the euro when it joined the European Union. Below, we analyze the fulfillment of the four key criteria required for joining the eurozone. The budget deficit...
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Sixfold difference between settlements – Development of net earnings in 2023 by settlement
Date: 2025-01-10 13:33:15
The GKI examined the development of net earnings by settlement in 2023. This year, real earnings decreased, but this was not uniform by settlement. Net earnings were highest in the...
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We spent nearly one hundred thousand forints on food during the holiday season
Date: 2025-01-10 13:24:20
Christmas preparations determined the turnover of the Kifli.hu online supermarket in December 2024. The demand for home baking, premium products and special holiday dishes was outstanding, but the purchase frequency...
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FAO’s global food price index fell in December
Date: 2025-01-10 13:12:17
The global food commodity price index fell in December, driven by lower international sugar prices, the Food and Agriculture Organization of the United Nations (FAO) said today. The FAO food...
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MNB: inflation will rise temporarily, but may remain within the three percent range in 2025
Date: 2025-01-10 12:54:45
Inflation in Hungary will rise temporarily in the coming months, but will mostly remain within the 3 percent target range for the whole of 2025; from the second half of...
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Eurozone inflation rises to highest level since July in December
Date: 2025-01-10 12:45:40
The eurozone inflation rate rose for the third consecutive month in December, according to the first estimate based on preliminary data published by the European Union’s statistical office, Eurostat, on...
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Bank360: Important financial changes are coming in January 2025, here is the list
Date: 2025-01-10 12:39:02
It is difficult to list how many changes will occur in our everyday finances from January 1, 2025. Bank account fees will increase, the maximum APR for loans will decrease,...
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AM: Producer protection will be renewed from January 1st
Date: 2025-01-10 12:30:03
From the beginning of the year, new rules promoting fair business relations will improve the position of small farms and producers vis-à-vis buyers. Thanks to the producer protection package, farmers...
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BMI: Moderate expansion in December
Date: 2025-01-10 12:16:42
The Purchasing Managers’ Index (PMI) seasonally adjusted December value is 50.6. Compared to the previous December monthly values, this year’s value is lower than the long-term average for this month...
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Applications are now open for the Environmental Protection Award
Date: 2025-01-10 11:58:38
The Association of Environmental Service Providers and Manufacturers recognizes the activities of the most outstanding professionals in the field of environmental protection every year. With the Environmental Protection Award, which...
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Csaba Balázs Rigó: the GVH imposed fines of more than four billion forints this year
Date: 2025-01-10 11:36:05
The Hungarian Competition Authority (GVH) has imposed fines of more than four billion forints this year, the organization’s president said in an interview published in Magyar Nemzet on Saturday. In...
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