Market News
KSH: earnings continued to rise
In June, average gross earnings were 364,800 HUF, 10.6 percent higher than the year before – the Central Statistical Office (KSH) told MTI on Friday. According to the data of...
Read more
Nagy István: strategic goal is to establish a domestic soybean processing plant
A domestic processing plant would serve the domestic preservation of the soy produced in Hungary and the whitening of the sector, therefore its establishment is a strategic goal – Nagy...
Read more
Due to the start of school, the stores expect heavy traffic
Supermarkets are expecting heavy traffic this weekend; most families go shopping for school after August 20, and weekends through mid-September are particularly busy – department store chains told MTI. Auchan...
Read more
According to a survey, 77 percent of Hungarian workers believe that their jobs are secure
77 percent of Hungarian workers believe their job position will be secure for at least five years, while 82 percent believe the company they will be operating within five years’...
Read moreForeign trade of services generated 2.3 billion euros in the second quarter
Exports of services in euros grew by 1.4 percent and imports by 1.8 percent in the second quarter of this year compared to the same quarter of last year. Assets...
Read more
Oracle: One-third of the consumers are immediately distracted by a brand because of a bad experience
More than a third of consumers will immediately lose track of a brand when it comes to bad experiences – according to Oracle’s new survey. According to the survey, 88...
Read moreRetail sales decreased in Germany
Retail sales in Germany fell more than expected, and at the strongest pace of this year, in July compared to the previous month – as another sign that Europe’s largest...
Read moreConsumer spending in the United States rose sharply in July
Consumer spending in the United States rose sharply in July, which may ease the fears of a recession in the financial markets, but consumption growth is unlikely to be sustained...
Read more
A Brexit test is being held for freighters on the French-British border
“Brexit test” on freight vehicles takes place in the northern French port city of Calais on the French-British border – French budget minister Gérald Darmanin announced on Friday. The two-month...
Read more
Shoppers like mobile messaging apps
According to a recent study conducted by Kenshoo in the UK and France, 51 percent of messaging app users thinks reading messages is faster than verbal communication. 48 percent of...
Read moreWorld food prices slide marginally in July
Global food commodity prices saw a slight decline in July, led by lower prices for some cereals, dairy and sugar, more than offsetting firmer prices for meat and oils. The...
Read more
Generation Z has two faces
A study conducted by IBM and the National Retail Federation (NRF) found that the so-called Generation Z – consumers born in the 1990s and early 2000s – will consist of...
Read more
Nielsen: gluten-free life for 80 billion a year
Gluten-free foods accounted for 4 percent of the total value-added domestic retail trade turnover between July 2018 and June 2019, which amounts to nearly 80 billion HUF. Among other things,...
Read moreNagy István: agriculture will be able to produce more safely and competitively next year
The expanding agriculture budget will allow safer and more competitive production in 2019, the agriculture minister said at a press conference in Budapest on Thursday. Nagy István stressed that from...
Read more
The turnover of the packaging industry increased
The packaging industry had a turnover of about 630 billion HUF in the Hungarian market last year, an increase of nearly 9 percent, compared to the base year of 2017...
Read more
The Catch it! mobile application encourages fish consumption
The Ministry Agriculture has introduced the “Catch it!” campaign, a mobile application that users can download for free – the Agricultural Marketing Center told MTI. Downloaders of the app can...
Read more
Investments increased by 18.8 percent in the second quarter
In the second quarter, the dynamic expansion of national investments continued throughout the year. The volume of developments was 18.8 percent above last year’s level of 16.2 percent – the...
Read more
The Nébih has prepared a guide to reduce food waste
The National Food Chain Safety Authority (Nébih) compiled a guide to help prevent and reduce food waste. According to a statement, the guides can be downloaded for free for the...
Read moreGerman GDP decreased in the second quarter
German gross domestic product declined in the second quarter compared to the previous quarter – according to a communication released on Tuesday by Destatis, the German Federal Bureau of Statistics....
Read more
The euro area economic sentiment index improved in August
Economic sentiment in the euro area improved in August, but worsened in the European Union, according to a report released by the European Commission’s Directorate General for Economic and Financial...
Read more
Agricultural output reached 2,720 billion HUF last year
Agricultural production has grown spectacularly in recent years, with output of the sector reaching 2,720 billion HUF in 2018 and only 1,686 billion HUF in 2010, making Hungary the strongest...
Read moreNagy István: Digital Agriculture Strategy means a change of era in agriculture
The development of Hungary’s Digital Agricultural Strategy (DAS) will mark a turning point, and the measures contained therein will promote the digitalisation of Hungarian agriculture and increase its competitiveness –...
Read more
The number of employees continued to increase
During the three-month period of May-July, the average number of employees was 4 million 518 thousand, 34 thousand, or 0.8 percent more than a year before. The employment rate of...
Read more
A sustainable water future depends on saving water and reducing water pollution
The Earth’s population is growing drastically while we have been use the same amount of water since the planet was created. Therefore, in addition to sparing water use, it is...
Read moreGfK’s German consumer sentiment index stagnated
Instead of the expected decline, the Nuremberg-based GfK Economics Research Institute’s consumer sentiment index stagnated in September in Germany, while consumer income and economic expectations declined and willingness to buy...
Read moreConsumer confidence in the United States weakened slightly in August
Consumer confidence weakened slightly in August in the United States. The Conference Board nonprofit Economic Research Institute announced on Tuesday that the consumer confidence index has dropped from the 135.8...
Read moreMore than two thirds of the Czechs are satisfied with their standard of living
More than two-thirds, 68 percent, of the Czech population are more or less satisfied with their current standard of living, according to a July poll released in Prague on Wednesday....
Read moreWorldwide smartphone traffic has declined
Global smartphone sales decreased in the second quarter, according to the Gartner market research firm. According to Gartner’s records, global smartphone sales decreased by 1.7 percent in the second quarter...
Read more
Blurred lines between physical and digital shopping experiences
Global non-profit trade association SHOP! prepared a study on the most important retail trends of 2016. According to them, there are five important trends which shape the retail market today:...
Read more
Pigeon grey is trendy
Bedrock Kft. distributes hair care product lines and among these we find Joanna – one of the biggest Polish cosmetics brands. Sales of the Joanna Naturia Color hair dye augmented...
Read more