Market News
Who buy a domestic product strengthens the Hungarian economy
The purchase of Hungarian products will strengthen the Hungarian economy, protect Hungarian jobs and ensure the livelihood of many thousands of Hungarian families, the Minister of Agriculture said in Lajosmizse...
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Matolcsy We took a new direction in 2020
According to the CEO of the central bank, 2020 can be considered a turning point – hvg.hu wrote. “In 1956, the Hungarian Revolution halted Soviet dictatorships in Europe for a...
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The production of hard-shell fruits is declining
The representatives of the Hard-Shell Fruit Committee of FEPEX (the main associations of producers and distributors in Spain), confirmed that this year’s production will decrease by at least 15% compared...
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Getting back to work after a virus outbreak can be harder
As with changed work schedules and telecommuting in recent months, returning to work can be a challenge for companies and workers. The process therefore requires slower, more gradual and more...
Read moreWhat will happen after the epidemic
In the coming years, three trends will shape the world economy. A new balance will emerge in the relationship between the markets and the state, in favor of the latter....
Read moreZEW’s sentiment index has been the highest in five years in Germany and the euro area
The sentiment index of the ZEW Institute for Economic Research has reached the highest level of the past five years in Germany and in the euro area in May –...
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TikTok is the new community hype
Unstoppable popularity characterizes the application launched from the world of 12-13-year-old teens, which by mid-2019 already produced 800 million downloads worldwide. In the pandemic, more mature adults have also caught...
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Introducing Facebook Shops: Helping Small Businesses Sell Online
Facebook has always been about connecting you to what you love. That means friends and family, but also products, brands and businesses. For years, people have used our apps to...
Read moreCOVID-19: Council adopts temporary support to mitigate unemployment risks in an emergency (SURE)
As part of its emergency support package to tackle the economic impact of the COVID-19 crisis, the EU has put in place a temporary instrument to help workers keep their...
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Single-use plastic products will not be banned
Deputy Prime Minister Zsolt Semjén, on behalf of the government, withdrew a bill that would have banned single-use plastic products from the government. On the evening of 13 May, the...
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The trend researcher about the new era we are living in
We have been living in a new world for two months. While many hope that sooner or later everything will return to the old wheelhouse, it certainly won’t be. The...
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RetailZoom: Basket Values peeks in April for Domestic Chains
Last week we published that Local Chains have managed to grow their value sales in April by an average of 9%. This lags behind the growth intensity experienced in March...
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Reopening also costs money, and you can’t get away without special offers
Opening promotions are coming as at Christmas. From March to mid-May, the coronavirus absorbed HUF 450-500 billion. And in a mask, the buyer stays careful for a while. From March...
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The bargaining position of food suppliers is strengthening
After a special retail tax of up to 2.5 percent of annual sales, traders have been given another hurdle: a new measure significantly restricts their freedom to negotiate a purchase...
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MNB: households also became richer in the first quarter
Households’ financial assets increased by 514 billion HUF in the first quarter of this year, which is the most modest amount since the 418 billion HUF in the third quarter...
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The National Chamber of Agricultural Economics postponed the membership fee declaration and payment until the autumn
In view of the state of emergency declared by the government and in accordance with the economic decisions made in connection with it, the national presidency of the National Chamber...
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Global supply chains need to be reassessed when the economy restarts, according to German economists
German economists favor a gradual relaunch of the economy by removing pandemic restrictions, but they stress in a survey of the ifo economic research institute that the role of global...
Read moreA family of bees moved to the Ministry of Agriculture
Minister of Agriculture Nagy István wants to draw attention to the role of bees, the quality of the metropolitan environment and the importance of environmental education with a family of...
Read moreU.S. retail sales fell by a record high in April
In April, retail sales in the United States fell to an unprecedented rate, both compared to the previous month and a year earlier – according to a report by the...
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COVID-19 crisis situation: businesses in the capital do not really have savings
In the best case, the companies in the capital expect a crisis period of another 4 months, according to research conducted by the Budapest Chamber of Commerce and Industry, nevertheless,...
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Mastercard: Contactless payment is catching up all over Europe
The Covid-19 pandemic that has locked down the planet and battered the payments industry is a classic Black Swan. It has taken several hundred thousand lives, plunged the world into...
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Enterprise resiliency: nine areas of focus for COVID-19 crisis management
The global spread of COVID-19 is a humanitarian crisis, first and foremost. But it’s added yet another layer of disruption to the growing list of unexpected challenges facing leaders and...
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SME’s savings will be wiped out by the summer
A survey conducted by K&H Bank in mid-April has revealed: half of the businesses have been moderately impacted by the coronavirus pandemic, but 44 percent of Hungarian SMEs have been...
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Consumers turned a bit more optimistic in May after the catastrophic mood in April
Following the 38-point plunge in April, the GKI consumer confidence index climbed back more than 11 points in May. This means that after the -50 points in April, the index...
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Fundamental changes in consumer behaviour due to the crisis
There were approximately 5,000 participants in the international EY Future Consumer Index survey, which revealed: 42 percent of shoppers think that the current economic and social situation radically changes consumer...
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Print media is growing with the expansion of the media cake
In 2019 the size of the so-called media cake was HUF 245.08 billion, while the communication cake – which includes the media cake too – was HUF 467.96 billion big;...
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X5: New Perekrestok stores in the Volga and Ural regions
Russia’s X5 Retail Group plans to open 21 Perekrestok stores in the Ural and Volga regions, adding about 33,000m² of selling space to its network. The group will acquire long-term...
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Caprabo’s new distribution centre opens in June
Spanish retailer Caprabo has announced: its new distribution centre for fresh produce in Barcelona will start operating in June. The new 24,600m² warehouse will store all the fresh produce the...
Read moreLidl ’Veggie Block’ concept extended to more stores
Lidl Switzerland decided to expand its Veggie Block concept to another 140 stores across the country. The Veggie Block is a specially marked shelf dedicated to vegetarian and vegan products;...
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