Market News
Magazine: Supermarkets can use private label products as a weapon
The Private Labels Manufacturers Association (PLMA) has a monthly news programme at PLMALive.eu, called Newsdesk, and our magazine now presents to you the highlights of the October edition. In the...
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Public cash stock set a record high
It has increased by 102.5 billion HUF in December and reached 6,627 billion HUF by the end of the year. The public cash stock in Hungary is an average of...
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Earnings increased by 13.9 percent in November last year due to bonuses
As a result of non-recurring salary items – last November, average gross earnings were 403,500 HUF, 13.9 percent higher than a year before – the Central Statistical Office (KSH) announced...
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The external trade balance remains in surplus
The euro value of exports rose 0.2 percent in November last year, while imports fell 0.3 percent year-on-year. The balance of foreign trade in goods improved by 44 million euros...
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Black mangalica has become a protected, indigenous breed
The black mangalica was recognized by the Ministry of Agriculture in June 2019 as a stand-alone breed, and an amendment to the zootechnical regulation issued at the end of January...
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40 thousand hectares of wetlands have been renewed from more than 20 billion HUF
In the 2014-2020 EU cycle, 40,000 hectares of wetland habitats have been reconstructed in Hungary through 34 projects – the Minister of State of the Ministry of Agriculture said on...
Read moreGerman retail sales were weaker than expected in December
German retail sales underperformed analysts’ expectations in December, year-on-year and month-on-month. The German Federal Bureau of Statistics, Destatis, announced on Friday that retail sales grew 0.8 percent year-over-year in December,...
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Euro area GDP grew less than expected
Euro area’s gross domestic product (GDP) grew less than expected in the fourth quarter, compared with the previous three months. The European Union’s Bureau of Statistics (Eurostat) first released estimates...
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Swiss watch exports increased
Switzerland’s watch exports rose year-on-year in December, partly due to the expanding Chinese demand, as well as being one working day more in the last month of last year, compared...
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Bye-bye sugar: When the goodbye is sweet
In 2018 there was 950 million litres of carbonated soft drink sold in Hungary (including flavoured waters and ice teas), which stands for more than 38 percent of total non-alcoholic...
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The Food Bank rescued 11 thousand tonnes of food last year
About 11,000 tonnes of food were saved from destruction and delivered to the needy last year by the Hungarian Food Bank Association – the organization announced on Thursday. As reported,...
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Analysts: further employment growth faces barriers
Labor market expansion is increasingly constrained. Expanding training opportunities and further development of vocational trainings are essential for the continued involvement of the public, the unemployed and the inactive –...
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Ten countries restrict Hungarian poultry exports already
The number of countries that have restricted Hungarian poultry imports due to highly pathogenic avian influenza has continued to rise in recent days – mfor.hu wrote. On 12 January, Nébih...
Read moreIntrum: consumer sentiment has slightly worsened in our continent
Almost half of those surveyed in EU Member States believe that their financial balance has deteriorated and that the future is increasingly uncertain, compared to last year, according to an...
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The economic sentiment in the euro area and the EU improved in January
The euro area economic sentiment rose to a five-month high in January and a seven-month high in the European Union, according to a report released by the European Commission’s Directorate-General...
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The Consumer Behavior Research Center started its operation at the University of Pécs
The Consumer Behavior Research Center started its operation at the University of Pécs. Among other things, an eye-tracking camera built into glasses helps researchers – the Faculty of Economics at...
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KSH increased its employment by 38 thousand in the fourth quarter
In the third quarter of October-December last year, ie in the fourth quarter, the average number of employees was 4 million 520 thousand, 38 thousand more than a year before....
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Bag rental instead of nylon bag
More and more people in Hungary are saying no to the use of disposable plastic bags in the spirit of environmental awareness. It was on this basis that the “don’t...
Read moreThere may be a serious rise in vegetable prices
In Spain last week, heavy storms were raging. Agricultural equipment were destroyed at a large area, suggesting that they will not be able to supply Europe with vegetables in the...
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There is life beyond cash and credit card!
Means of payment have been a part of humanity’s everyday life for thousands of years. From barter to money, we quickly made money by credit and debit card payments in...
Read moreThe price of arabica coffee fluctuates sharply
According to a report of Világgazdaság, the price of arabica coffee is on a real roller coaster, having risen from a 13-year low last year to 20 percent in the...
Read moreGfK’s German consumer sentiment index improved unexpectedly
For February, consumer sentiment in Germany has improved unexpectedly, according to the results of a January survey conducted by the GfK (Growth from Knowledge) economic research institute in Nuremberg. For...
Read moreThe deadline for payment of the Food Chain Inspection Fee expires on 31 January
The deadline for the payment of the second installment of last year’s Food Chain Surveillance Fee is 31 January, and the transfer can only be made to a dedicated payment...
Read moreÁSZ criticized the management of other agricultural training institutions
After the 22 agricultural training schools previously audited, ÁSZ found irregularities in another 10 schools. In its announcement sent to MTI the agricultural schools of Csongrád, Mátészalka, Baja, Csorna, Szécsény,...
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Rice crisis in Cambodia
Rice production in Cambodia, one of the Far East’s most important economic segments, is in serious trouble – origo wrote, according to the Asia Times. Rice is a key agricultural...
Read moreConsumer confidence in the United States improved in January
The Conference Board nonprofit Economic Research Institute announced on Tuesday that the consumer confidence index has climbed from 128.2 points in December to 131.6 points. Analysts expected a slight decline...
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This is what Africa can expect in 2020
On the African continent, there is general optimism about 2020 – origo wrote. Most leaders in the country expect the region to perform well, but analysts say the region is...
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More eco-friendly fabric softeners
Henkel Magyarország Kft.’s junior brand manager Csilla Pásztor told our magazine that fabric softener sales increased by 6 percent in value in 2019. Drugstore and discount supermarkets were the engines...
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Does Globus redefine the showroom store concept?
Globus has realised that a shop where only canned vegetables are displayed isn’t likely to succeed, so the company also wants to show customers how these products can be prepared....
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Magazine: The health trend is here to stay
The Hungarian deep-freezing and canning industry’s contribution to the nation’s food industry output is approximately 10 percent, with a production value of HUF 170-190 billion. However, the sector’s share in...
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