Market News
V4: do not cut EU subsidies!
Representatives of the Parliamentary Committees for European Affairs of the Visegrád Countries called the 20 percent cut in EU funding for the next seven-year budget cycle unacceptable at their meeting...
Read moreThe work of veterinarians is also very important in the field of food safety
Veterinary medicine and food chain safety are already facing challenges that will require new ideas from veterinary students – Zsigó Róbert, Minister of State of the Ministry of Agriculture said...
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The tax and customs department seized fake perfumes and shoes
The finance officers of the National Tax and Customs Administration (NAV) seized 24 million HUF worth fake perfumes and 132 pairs of fake shoes on the M1 motorway – the...
Read moreGerman exports increased
Contrary to expectations, the value of Germany’s exports did not fall but increased in July, with a stable third-quarter launch indicating that the largest economy in the euro area could...
Read moreGlobal sales of smartphones continue to decline this year
Global sales of smartphones have fallen for the third consecutive year – according to the International Data Corporation (IDC) IT and telecommunications market research firm. According to IDC, 0.4 percent...
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The world we want tomorrow starts with how we do business today
– claims Mars, one of the world’s biggest confectionary, food and pet food producers, through their new Purpose statement. The new statement is integrated in the daily life of Mars...
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Shoppers looking for a drill need holes
Extreme Digital and SD4Good organised a two-day forum in Budapest for digital transformation experts on 6-7 June. The Shop Experience Design Sprint focused on finding new ways, business models and...
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Trendy black coffees
Judit Hellinger, Tchibo Budapest Kft.’s trade marketing manager informed our magazine that the improving economic situation and higher salaries had entailed a 7-percent sales growth in the Hungarian coffee market....
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Magazine: Nobody knows how far the 24th hour is
More and more companies, especially large firms with the necessary financial resources, realise that sustainability isn’t only important for their prestige, but it is also profitable in the long run. Many...
Read moreGKI: online retail sales over 200 billion HUF in the first half of this year
According to a joint survey of GKI Digital and Árukereső.hu, the retail sales of this year increased by 16.4 percent, compared to the first half of last year. This year...
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This year’s school milk and fruit program is secured
The school milk and fruit program is secured again this year, the Minister of State of the Ministry of Agriculture said in a press conference in Budapest on Monday. Feldman...
Read moreNagy István: agriculture provided more than half of the national economy’s foreign trade surplus in the first half of the year
The Hungarian agricultural economy has undergone spectacular development in recent years, and its productivity and profitability have also increased significantly. Thanks to this, every year it makes a significant contribution...
Read moreCoface: the Central and Eastern European GDP may expand by 3.6 percent this year and 3.2 percent next year
GDP in Central and Eastern Europe is growing at a slower rate than last year, with GDP rising 3.6 percent this year and 3.2 percent next year – according to...
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Milk Product Councils: the costs of dairy farmers are increasing
The Intergovernmental Organization for Milk and Product Council has repeatedly stressed the importance of resolving the tensions between dairy farmers and retailers. In the domestic context, the increasing inflation and...
Read moreAn illegal pálinka maker was found in Baranya
Hundreds of liters of distillate and thousands of liters of mash, as well as high-volume pálinka making machines were found by the National Tax and Customs Administration (NAV) in an...
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Investor sentiment in the euro area improved slightly
Investor sentiment in the euro area has improved slightly, according to a study released on Monday by the Berlin-based Sentix Economic Research Institute. The monthly Sentix survey was made with...
Read moreConsumption has become the new mantra in the Chinese economy
Chinese leadership wants to boost economic growth primarily through boosting domestic consumption – origo wrote. But there are still serious limitations to this, despite Chinese consumers contributing significantly to GDP...
Read moreCoffee cures a rare disease
The effectiveness of two espressos per day was confirmed by a random test: the coffee eliminated by the coffee the symptoms of a rare, hereditary, incurable disease of 11-year-old French...
Read moreEuropean Commission: Hungary’s digital development has improved
According to DESI’s 2019 data showing the development of the digital economy and society, Hungary’s performance over the past few years has improved at a pace similar to the EU...
Read moreAM launches a wine promotion program with a budget of 3.5 billion HUF
The Ministry of Agriculture plans to launch a 3.5 billion HUF wine promotion program to support the sale of quality wines, Feldman Zsolt, Minister of State of the Ministry of...
Read moreKSH: Exports and imports rose by 7.6 percent in July
In July, exports and imports both rose 7.6 percent year-on-year, and foreign trade surplus became 276 million euros, 19 million euros higher than a year before – the Central Statistical...
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ITM: special attention to be paid this year on students’ consumer awareness again
The Ministry of Innovation and Technology (ITM) will continue to focus on providing students consumer protection knowledge this school year. The Ministry is launching its “Consumer Awareness School” competition for...
Read moreMore than 7,300 young people start their education in the institutions of the Ministry of Agriculture
“More than 7,300 young people start their education in the institutions of the Ministry of Agriculture” – the Ministry of Agriculture told MTI. “The school system, which responds to the...
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Ten million eggs that wouldn’t make a chick
Bloomberg reports on an unusual government idea from Indonesia. Jakarta would force record-low poultry meat prices to rise by recommending the destruction of eggs to the poultry farmers – origo...
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Growth in the euro area private sector picked up but remained modest in August
Growth in the private sector of the euro area increased but remained modest in August, after the service sector was only partially able to offset the decline in manufacturing performance...
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The euro area faces the most pessimistic investor sentiment of the past five years
Investor sentiment in the euro area fell to the lowest value of the past five years, according to a study released on Monday by the Sentix Economic Research Institute in...
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Labelling issue solved by Brewers of Europe
A few years ago, UNESCO added Belgian beer culture to its list of Intangible Cultural Heritage of Humanity. It highlighted how deeply this culture is embedded across Belgium’s towns and...
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Magazine: Mixed strategies to get satisfaction
‘Marketing and psychology’ was the title of the presentation László Mérő, professor of mathematics and psychology at ELTE in Budapest and Babes-Bolyai University in Cluj-Napoca, gave at the June meeting...
Read moreAnalysts: the rise in wages lays the foundations for retail sales growth
In July, after two months of modest growth, retail business turnover increased dynamically again. The double-digit wage growth predicting continued sustained growth in consumption and retail, thereby remaining an important...
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There are online advertisements that are welcomed by Hungarian consumers
NetADclick, an online advertising specialist, has surveyed the growing popularity of vegan cosmetics. Well-positioned, informative advertisements are even enjoyed by members of the group – according to a survey of...
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