Market News
There will be more wheat in the world market
The Department of Environment, Food and Rural Affairs (DEFRA) of the British government has reported that data provided by egg packaging companies reveal that egg production was up 3 percent...
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Few fake websites in Hungary
Ecommerce Foundation has published the results of a survey that was conducted via Scamadviser.com, a website that helps more than 2.5 million users every month to check whether a website...
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Strong customer authentication’s start won’t be trouble-free
The date is approaching fast: on 14 September strong customer authentication (SCA) rules will enter into force in Hungary. It can already be seen that the system’s launch won’t be...
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Instant payment – later
On 28 May 2019 the Central Bank of Hungary (MNB) postponed the introduction of the instant payment system in Hungary, the new date is now 2 March 2020. MNB decided...
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Comfort matters more to consumers than protecting the environment?
A 1000-respondent representative online survey by NMS Hungary has revealed that environmental protection is important for 67 percent of Hungarians. At the same time, the concept of sustainability and sustainable development...
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Traditional Hungarian cottage cheese ‘rögös túró’ gets EU designation
The Milk Interbranch Organisation and Dairy Board has announced that the European Commission granted the Traditional Specialties Guaranteed (TSG) label to ‘rögös túró’, a special cottage cheese made in Hungary....
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Cif ecorefill: smaller burden on the environment
Unilever has launched Cif ecorefill in the United Kingdom, a new packaging format that puts a much smaller burden on the environment. The ecorefill contains a 10 times concentrated formula,...
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Another first from Lidl: Organic bakery items baked in-store
Lidl Hungary is the first grocery retailer in Hungary to sell organic baked goods made in-store. The six new organic bakery items – baguettes, rolls, breads, etc. – are made...
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GVH gives green light to Media Markt and Tesco in Győr too
The Hungarian Competition Authority (GVH) has granted Media Markt permission to take over the electronics department of the Tesco hypermarket in Győr. In an earlier procedure GVH has already authorised...
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Five impulse buying strategies
In March American marketing specialist Katie Kochelek published an article on the Shop! website. The topic was 5 strategies that can be used to motivate shoppers for impulse buying. 1....
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More spectacular shop windows make shoppers more loyal
According to a recent study by Shop!, the shop window can be one of the best opportunities for a store and a brand to sell themselves instantly. In the offline...
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POPAI Hungary celebrates another victory
On 26 June the winners received the Shop! Global Awards of the international trade associations POPAI and Shop!, at the international trade exhibition GlobalShop in Chicago. Winners were announced in...
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Magazine: The 3rd GREEN BRANDS Academy: What makes a brand green?
At the 3rd GREEN BRANDS Academy on 5 June the speakers agreed: ecological operations make a brand green, but it is also crucial to inform the public – in a...
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Magazine: Profi, the local superstar can become the market leader in Romania
The experts of LZ Retailytics forecast that by 2023 the Profi chain will be the market leading FMCG retailer in Romania. They say this mainly has to do with the fact...
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Opten: Hungarian fish farming has started to grow
Following the downturn in 2017, the number of fishing and fish farming businesses has increased as the main activity started to grow last year, while the sector’s total net sales...
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Chamber of Agriculture: there will be poor apple harvest and strong demand
Hungarian apple growers expect strong demand, as this year’s harvest is expected to be lower than the 600-650 thousand-tonne multiannual average. It will be about 450-500 thousand tonnes – the...
Read moreAM: summer cereal and rape harvest is over
Harvesting of summer crops has been completed, and despite the harsh weather, Hungary will be adequately secured in the 2019/2020 season – the Ministry of Agriculture (MTI) announced on Thursday....
Read moreEconomist: GDP increased due to the good performance of several sectors
Due to the good performance of several sectors, Hungarian gross domestic product (GDP) grew by 5.1 percent in the second quarter compared to the same period of the previous year...
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Deloitte: school start is the second largest shopping season
After Christmas, the period between July and September is the second largest shopping season, and parents have to go deep into their pockets because of the start of school –...
Read moreSolar energy can save the bees
In recent years, the number of honeybees and other pollinating insects has declined significantly worldwide due to the use of sprayers, parasites and bee habitat shrinkage due to climate change....
Read moreOnline shopping will not be slower due to two-factor authentication
Online bank card payment will not be noticeably slower due to the mandatory introduction of two-factor authentication from September 14, as the bank will send a text message containing the...
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Geologist: severe water crisis threatens the earth
A serious water crisis is threatening the Earth, and a quarter of its population is no longer supplied with sufficient or adequate quality of drinking water – geologist Juhász Árpád...
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The August issue of NAKlap has been published
Since its establishment, the National Chamber of Agriculture has been giving high priority to its external communication activities, one of the most prominent channels being the NAKlap. The largest monthly...
Read moreRetail sales in the United States grew faster than expected
Retail sales and hospitality sales in the United States increased more than expected for the fifth consecutive month, indicating that consumer confidence is driving economic growth with continued unabated spending....
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Market capitalization of the 100 largest companies in the world breaks record
PwC’s Global Top 100 Survey has risen to a record of 21,000 billion USD for the world’s top 100 listed companies. In the one-year period from April last year, the...
Read moreAnalysts: GDP growth outperformed expectations in the second quarter
The second quarter GDP growth has outperformed market expectations. Analysts interviewed by MTI are expecting faster growth for the year as a whole than the government and the central bank....
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UN: food waste has huge costs and is a major contributor to climate change
According to the United Nations, food waste is one of the largest contributors to global climate change, equivalent to 4.4 gigatons of carbon dioxide emissions per year and generating additional...
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The Minister of Agriculture Organic material supply of soil is essential
Nagy István, Minister of Agriculture said on Saturday in Nyíregyháza, Szabolcs-Szatmár-Bereg county that soil is a treasure that it is a “finite commodity” and will never be more of it,...
Read moreThis year more wheat and rapeseed were grown in Zala County
This year more wheat and rapeseed were grown in Zala County than last year, averaging over one tonne of wheat per hectare last year – the county president of the...
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AM: dry product manufacturers can apply for support by August 30
The application for cost support will be extended by two weeks for shipment producers, who will then be able to record the required document on the surface of the Hungarian...
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