Market News
Investor sentiment in the euro area has worsened to a more than six years nadir
Investor sentiment in the eurozone plummeted to a more than six years low in October as central bank stimulus measures failed to ease recession fears. According to the monthly survey...
Read moreAnalysts: consumption remains the engine of growth
The retail sales growth rate in August was in line with the average of the first eight months, so it fits in with this year’s trend and does not indicate...
Read moreOnly about half of regular Internet users shop online, according to a survey
In Hungary, the number of online shoppers is low, only 33 percent of the adult population, 3.2 million people shop at least once a year from an online store, while...
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The growth in the private sector of the euro area has stopped
Growth in the private sector in the eurozone virtually stopped in September after the manufacturing industry’s recession is increasingly affecting the services sector – according to the London-based IHS Markit’s...
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Nagy István: the competitiveness of the Hungarian poultry sector must be preserved
The importance of the poultry industry in Hungary is crucial, and the sector’s competitiveness must be preserved – the Minister of Agriculture said at the annual meeting of the European...
Read moreAM: fresh pork from Hungary can be shipped again to Serbia
Serbia has reopened its market for fresh pork in Hungary as a result of more than a year of negotiations – the Ministry of Agriculture (MTI) announced on Saturday. According...
Read moreKopint-Tárki has improved its growth expectations
The Kopint-Tárki Economic Research Institute raised its GDP growth forecast for September to 4.8 percent from the 4.5 percent forecasted in June, while its forecast for 2020 remained unchanged at...
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Nébih: German sausage products were recalled
The National Food Chain Safety Authority (Nebih) warns on its website that travelers to Germany, such as to the Munich Beer Festival, and travelers to seven other affected countries should...
Read moreFitch: global economic growth slows this year to a seven-year low
The escalation of the US-China trade war is expected to slow global economic growth to a seven-year low this year and will further weaken next year – according to Fitch...
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The number of known credit card frauds increased twentyfold In the past five years
In the past five years, the number of known credit card fraud cases in the world has increased approximately twentyfold – Hungary’s cyber coordinator told M1 news channel on Thursday....
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Abonett enters the snack market with new sandwiches
This summer Abonett Kft. put four new sandwich products on the market. The Abony-based family enterprise, which specialises in extruded crackerbreads, also gave products a new packaging design and added...
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Magazine: Dimensions of consumer consciousness
In order to protect themselves, consumers don’t like to admit that marketing messages have a great impact on their shopping behaviour. Shoppers tend to describe themselves as conscious buyers, like someone...
Read moreKSH: retail sales continued to increase
According to raw data, calendar effect adjusted retail trade turnover in August was 5.3 percent higher than a year before – the Central Statistical Office (KSH) announced on Thursday. Food...
Read moreThe government is launching a program to promote Hungarian wines
The government is launching a 3.5 billion HUF program to promote Hungarian wines – the Minister of State of the Ministry of Agriculture said in Budaörs on Thursday. Feldman Zsolt...
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The Chamber of Agriculture and the Design Terminal help innovative businesses
It is possible to apply for the NAK Tech Lab Enterprise Development Program, which was announced by Győrffy Balázs, president of the National Chamber of Agriculture and Böszörményi-Nagy Gergely, head...
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AM: employment support in the poultry and pig sector more than doubles
The rate of income support announced to keep qualified workers in the poultry and pig sector increases from 200,000 to 500,000 HUF per employee. This year’s program budget will increase...
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Nielsen: sales of antidepressants increased one and a halffold in domestic retail
The value of antidepressants in Hungary increased by 48 percent in value and by 26 percent in volume between September 2018 and August 2019, according to Nielsen’s data on international...
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A local producer market has been established in Olaszliszka
A local producer market has been established in Olaszliszka. The cost of the investment was nearly 41 million HUF, which was won by the local government in the Regional and...
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Retail sales in the euro area were more favorable than expected
Retail trade growth in the euro area increased more than expected in August, indicating that household consumption will continue to support economic growth. The European Union Bureau of Statistics (Eurostat)...
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Magazine: KPMG: Promotional leaflets are the most useful – for the time being
More and more information is available to shoppers for deciding where to do their shopping. Most of them still opt for traditional shops, but the good old retail channels mustn’t forget...
Read moreFeldman Zsolt: the yield of autumn crops increased by 7-10 percent
Autumn harvested crop yields increased by about 7 to 10 percent, compared to last year, also due to favorable weather conditions Feldman Zsolt – Minister of State of the Ministry...
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Hungarian Advertising Association has launched its Green Planet Initiative
The Hungarian Advertising Association (MRSZ) has launched its Green Planet initiative to promote the transition of the communications industry to sustainable operation – the association told MTI on Tuesday. According...
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KSH: foreign trade turnover increased again in July
In July, exports increased by 8.3 percent in euros, while imports increased by 9.2 percent year-on-year, after a month-on-month decline of 7.3 and 2.3 percent, respectively. The monthly export surplus...
Read moreMLBKT: PMI in September indicates modest growth
The seasonally adjusted September Purchasing Manager Index (PMI) is 51.8 points. The 50 points, or above value is indicating trends better than in the previous month – the Hungarian Logistics...
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AM Minister of State: Hungary plays an active role in the UN’s world food cooperation
Hungary supports the FAO’s objectives, as evidenced with its multi-year cooperation, as well as with ongoing projects and scholarship programs – the parliamentary Minister of State of the Ministry of...
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Hungexpo: arrival to the 21st century
Hungexpo’s revitalization program began in Budapest with the foundation stone laying. Existing pavilions will be renovated and upgraded from net 55 billion HUF until 2021. In addition, two new exhibition...
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The municipality is building a new market in Tata
The municipality will begin building a new market hall from 350 million HUF to help local producers gain access to the market – Tata’s mayor told MTI on Monday. Michl...
Read moreConsumer sentiment in the United States improved in September
According to the monthly survey by the University of Michigan, consumer sentiment in the United States improved in September, indicating that despite increasing uncertainty, consumers are optimistic and continue to...
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Euro-area inflation declined in September
The fall in consumer price increase was lower than expected, mainly due to lower September consumer price growth in the euro area, according to a preliminary report released on Tuesday...
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Magazine: Retail technology in 2040
According to Michelle Evans, head of digital consumer research at Euromonitor International, the digital world has changed things: e-commerce has broken the monopoly of large brands and retailers, making it...
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