Market News
Spring pork meat consumption campaign launched
Until August 2020 the Ministry of Agriculture, the Agricultural Marketing Centre, the Livestock and Meat Interprofessional Organisation and Marketing Board and the Hungarian Meat Industry Federation are implementing a campaign...
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One third of Hungarian women don’t have money to spend freely
According to the global consumer confidence index of The Conference Board® and Nielsen, in Q4 2019 one third of Hungarian women had no money to spend freely and 25 percent...
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Retail trade is likely to perform the best this year
K&H’s latest SME confidence index reveals that the sales revenue of SMEs is about to grow by 8.3 percent in 2020, while their profit is expected to increase by 5.2...
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GKI’s economic sentiment index hits nadir in February
In February the GKI economic sentiment index stayed at the January level, so it was at its lowest point in the last 40 months. Business expectations worsened a little, while...
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More wine sold
NAIK AKI PÁIR data reveal that the production price of raw milk was HUF 107.84/kg in Hungary in February 2020. Raw milk’s export price was HUF 110.45/kg in the 2nd...
Read moreThe call of OKSZ for the safe shopping of the families
On 11 March, 2020, the Government announced the declaration of an emergency. The member companies of the National Trade Association (OKSZ) (ALDI, AUCHAN, LIDL, METRO, PENNY MARKET, SPAR, TESCO) continuously...
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Hungarian companies must open up to alternative forms of employment as soon as possible
Less than 4 percent of employees in Hungary can work from home. Moreover, across Europe, there are fewer people working part-time in our country. The proportion of self-employed workers and...
Read moreRetail sales started well in the Czech Republic
In January, retail sales in the Czech Republic increased by 4.9 percent year-on-year. In December, the figure was also 4.9 percent, the Czech Bureau of Statistics announced in Prague on...
Read moreEconomic growth in the OECD slowed down
The combined economic growth of the OECD member countries slowed in the fourth quarter compared with the previous quarter. According to the Organization for Economic Cooperation and Development (OECD) website,...
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Magazine: Chocolate rabbit sales are hopping
The late Easter and the growing purchasing power of consumers resulted in a very strong season in the market of chocolate figures last spring. Kitti Végh, brand manager of Nestlé...
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What a company can do in the case of a breach of contract due to the coronavirus
The effect of the coronavirus on Hungarian trade is already significant. One of the most important issues for businesses is whether the coronavirus can be an adequate basis for failure...
Read moreIrrigation development in the Hajdúhátság
EU and domestic sources start water management development in Hajdúhátság – agroinform.hu wrote. Kincses Dániel, deputy technical director of the Tiszántúl Water Directorate (TIVIZIG) said that for the development of...
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A fundraising program was launched for the disposal of the Tisza source area
Organizers and volunteers of the Tisza PET Cup have launched a community fundraising program for Francz Béla, who is currently using an old truck to fight waste pollution in the...
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The euro area industry started the year better than expected
Industrial production in the euro area grew more than expected in January – according to a Eurostat report published on Thursday. Hungarian industrial production reached its second highest monthly growth...
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Bold Agro makes Dér Juice from fresh apples
Premium, 100-percent fruit content apple juice producer, Derecske-based Bold-Agro Kft. is going to plant more apple trees: apple will be harvested from 16 hectares more than the current 120 hectares...
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Hungarians three times more easily bow to errors in goods ordered online than the European average
If there is a quality problem when shopping online, 89 percent of the consumers in Europe try to claim at least one refund or refund and only 6 percent leave...
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Cofidis is steadily increasing the number of people seeking personal loans
The number of people applying for a personal loan is constantly increasing: in the last year, 10 percent of the Hungarian adult population (18-65 years) took out personal loans and...
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New risk factors have emerged in the agricultural sector
New, hard-to-model risk factors have emerged in the global agricultural sector, such as the intensification of climate awareness, rapid changes in consumer habits, or the US-China trade war. In Hungary,...
Read moreThis year’s Grand Prix for Value and Quality application has been announced
The competition for this year’s Value and Quality Award covers almost the entire economy, with entries for more than 100 of the top 40 products and services across the Carpathian...
Read moreIt is much harder to save in the countryside than in Budapest
In Budapest, 29 percent of respondents said they could not regularly set aside their income, while in rural Hungarian cities this ratio is 31 percent and in small settlements 43...
Read moreOpten had 20 percent more cancellations in February than start-ups
In February, the number of cancellations was 20 percent higher than start-ups, with 3,808 company deletions announced with 2580 start-ups, but the decline in the number of companies seems to...
Read moreConsumer prices in the United States rose faster than expected
Consumer prices in the United States have risen steadily, more than expected, in February, but prices may fall in the coming months as demand for certain products and services declines...
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The euro area economy is performing poorly
In the fourth quarter of last year and in 2019 as a whole, gross domestic product growth in the euro area has been the smallest since 2013 – according to...
Read moreThe tomato virus also appeared in France
A tomato virus has been found on a farm in western Bretagne, the westernmost region of France – blog.syngenta.hu wrote. The French Minister of Agriculture, Didier Guillaume, who added the...
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Dunnhumby: Even closer to consumers than before
Two years ago dunnhumby launched its media branch, and since then the company implemented nearly 2,000 in-store and online campaigns in Central Europe. Fruzsina Kis, media planner for dunnhumby Hungary...
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Magazine: They believe in the system
Dr Mihály Kupai, a member of BENU’s board of directors believes that the perspectives of franchise in general are good in Hungary in 2020. With the economy vitalising and the...
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Nielsen: sugar turnover tripled
The value of international retail chains increased by 25 percent in value due to fears of the COVID-19 coronavirus between February 24 and March 1, 2020. According to scanned data...
Read moreNébih has published a plan for the eradication of African swine fever in Hungary
Hungary’s plan for the eradication of African swine fever has been renewed, including several changes to the compensation process – according to the website of the National Food Chain Safety...
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