Market News
The foreign trade surplus of the Euro area decreased
Date: 2019-03-18 11:10:20
The trade surplus of the euro area in January decreased lower than expected, compared to the previous year – according to the first estimate of the European Union Statistical Office....
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IGD: five trends will shape retail in 2019
Date: 2019-03-18 10:16:00
IGD has identified five main trends that will shape retail trade in 2019. Having analysed the trends and events of 2018, they found that one of the most important trends...
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Food can’t be healthy if the ingredients are unhealthy
Date: 2019-03-17 13:43:20
Excessive use of pesticides and antibiotics in livestock farming, and poor management of fertilisers are all major threats to human health – a new report by the World Economic Forum...
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New offline concepts strengthen customer loyalty
Date: 2019-03-15 15:59:00
According to shopping experience surveys conducted by PSFK, retailers such as Chanel and Cartier have started offering cross-services – just like FMCG retailers do. In one of their New York and...
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Seventh heaven
Date: 2019-03-15 15:55:09
International retail chain 7-Eleven tries to be a part of our everyday lives that stores offer everything consumers might need in Taiwan. In addition to the usual hypermarket assortment, they can...
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Supermarket, c-store or filling station? All three!
Date: 2019-03-15 15:48:53
Retail chain Hy-Vee Davenport (Iowa) has introduced one of the latest innovative retail concepts. Hy-Vee Fast & Fresh is hybrid commercial complex that combines the product selection of a supermarket with...
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Dairy products drove food prices up
Date: 2019-03-15 11:25:07
In February the FAO food price index rose by 1.7 percent to reach 167.5 points. The index hasn’t been this high since August 2018, but it is still 2.3 percent lower...
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Hungarian CEOs: The lack of experts is the biggest problem
Date: 2019-03-15 10:50:16
For the 8th time, PwC Magyarország has interviewed 236 CEOs from 8 industries, in cooperation with the Confederation of Hungarian Employers and Industrialists (MGYOSZ). In comparison with last year, one fifth...
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Russia: the expansion in various channels promises growth
Date: 2019-03-15 09:23:52
Since the four biggest Russian FMCG retailers are expanding in the direction of new, growing sales channels, their share from the top 20’s sales will reach 74.3 percent by 2020...
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The situation is changing in the East
Date: 2019-03-15 09:18:20
LZ Retailiytics – a department of Lebensmittel Zeitung – has studied the FMCG market trends of Central and Eastern Europe. They found that the Russian market leader X5 group’s Pjatyorka...
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Retail sales augmented by 5.4 percent
Date: 2019-03-15 09:15:15
In January 2019 like-for-like retail volume sales augmented by 5.4 percent; adjusted for calendar effects, the sales growth was the same – reported the Central Statistical Office (KSH). Food and...
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Prices increased by 3.1 percent in February
Date: 2019-03-15 09:06:06
In February 2019 consumer prices were 3.1 percent higher on average than a year before. In comparison with February 2018, food prices increased by 5.2 percent. Seasonal product prices (potatoes,...
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Cereal prices up 14 percent in just one year
Date: 2019-03-15 09:04:11
In December 2018 agricultural production prices were 5.8 percent higher in comparison with the level of December 2017 – reported the Central Statistical Office (KSH). This situation was the result...
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Half of Hungarians are already buying premium products online
Date: 2019-03-15 09:01:27
Nearly half of Hungarian consumers are already buying premium products online, and this proportion is getting closer to the 61-percent European and the 69-percent world average. What is more, 15...
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Nielsen: Despite the slight slowdown, domestic retail is leading in the region
Date: 2019-03-14 11:58:11
The slowdown in the European economy’s growth rate has also had an impact in Hungary: the growth rate of the continent’s retail sales declined by an average of -2.1 percent...
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The Spring Pork Consumption Campaign has been launched
Date: 2019-03-14 11:55:00
The Spring Pork Consumption Promotion campaign was launched. The Ministry of Agriculture support the campaign from the 440 million HUF framework intended for the marketing of pork. Feldman Zsolt Minister...
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The EP adopted a directive on unfair trading practices
Date: 2019-03-14 11:35:37
The a large majority of the European Parliament (EP) supported the new EU Directive on unfair trading practices – the EU Parliament announced. At the European Parliament’s plenary session in...
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KSH: foreign trade in services closed year 2018 with a surplus of 8.5 billion euros
Date: 2019-03-14 11:20:33
Over the past year, 514 billion euros export surplus appeared on services s the result of 25,133 billion euros in exports and 16,619 billion euros in imports, compared to the...
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A production center is being built in Fehérgyarmat
Date: 2019-03-14 11:15:19
An industrial facility suitable for the reception of production enterprises will be built in Fehérgyarmat, Szabolcs-Szatmár-Bereg County. The largest part of the 950 million HUF investment will be financed by...
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The number of mini-breweries in the Czech Republic increased last year
Date: 2019-03-14 11:14:49
In the Czech Republic, the number of mini-breweries increased from 400 to 440, last year – the Czech-Moravian Alliance of mini-breweries announced in Prague. According to the announcement, the growing...
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Over six million deceptive ads were deleted daily by Google
Date: 2019-03-14 11:12:54
Google deleted 2.3 billion ads last year, more than 6 million per day that violated current policies. in the information sent to MTI on Thursday the company reminds that Google...
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Magazine: Special flavours for special dishes
Date: 2019-03-14 07:02:11
As cooking is slowly but steadily becoming a source of joy instead of a routine activity, there are more and more cooking ingredients available to consumers. This is also true...
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Minister of Agriculture: the spice paprika industry receives more than 500 million HUF support
Date: 2019-03-13 11:52:23
Immediate action is needed to preserve the paprika sowing area, so the sector will receive more than 500 million HUF this year – Nagy István, Minister of Agriculture stressed in...
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How much do the Hungarians drink?
Date: 2019-03-13 11:47:08
The habits and knowledge of domestic consumers regarding fluid intake were studied in national research. The relationship between Hungarian consumers and recommended daily liquid intake is controversial. Although nearly two-thirds...
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According to companies, the export market is more profitable
Date: 2019-03-13 11:30:58
According to K&H’s corporate growth index, compared to the previous quarter’s low point, domestic companies’ revenue and earnings expectations for the next year have improved significantly, but companies still expect...
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NAK: drone air spraying is currently considered as an illegal activity
Date: 2019-03-13 11:06:14
Because of the disordered legal environment, drones are currently not allowed to be used for air spraying. The National Chamber of Agriculture, in agreement with the partner organizations, urges the...
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Nébih found an illegal pig farm in Pest County
Date: 2019-03-13 11:05:29
Fifty-five illegally kept pigs were found by the National Food Chain Safety Agency (Nébih) in an Animal Husbandry site in Pest County that repeatedly violated the statutory regulations – told...
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Brexit: probability of a disorderly exit has increased and the entire European economy will suffer
Date: 2019-03-13 11:03:55
Yesterday, the British House of Commons voted against again to abolish the British EU membership agreement, so MEPs can decide on an unsettled exit. According to the Brexit analysis of...
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GDPR triggers privacy hiring, $3M in average spend; 1 in 5 say they’ll never be complian
Date: 2019-03-13 10:37:56
Last year, the 2017 Privacy Governance Report welcomed the arrival of the European Union’s General Data Protection Regulation, both the compliance efforts and the corresponding angst over how to accomplish...
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Despite losing speed a little, Hungarian retail sales grew the fastest in the region
Date: 2019-03-13 08:48:51
The slowdown of the European economy had its effect felt in Hungary too: in the last quarter of 2019 retail sales grew 2.1 percent slower in Europe and 2.7 percent...
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