Market News
AM: joint effort of seven countries to keep production-related EU agricultural subsidies
Seven countries, including Hungary asked for an increase of production-related EU agricultural subsidies or at least to keep it at the current level in the post-2020 EU budget period at...
Read moreAnother 5 billion HUF support for the job creation of the small and medium-sized enterprises
The Ministry of Finance announces a tender in a value of five billion forints to support the job creation of the micro, small and medium-sized enterprises – Varga Mihály told...
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Labor costs increased in the EU
Labor costs have increased in the European Union as a whole and in the euro area in the last quarter of last year – according to the data released by...
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Vending machine operators would avoid price increases
The Hungarian Post has received hundreds of applications for installing new food and beverage vending machines, but according to the industry alliance, 10-15 percent of the machines may disappear from...
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The European Commission urges the creation of a council to support innovative initiatives
The European Commission intends to speed up the establishment of the European Innovation Council (EIC), helping to bridge the innovation gap in Europe. Under the program, four Hungarian small and...
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You can join the national garbage collection action continuously
You can join to the “Pick It Up – Volunteer Garbage Collection Action for Clean Hungary” until Sunday – Makai Martina, Deputy Minister of State told M1 news channel on...
Read moreSeven percent of EU imports are counterfeit
There is a growing problem that an increasing share of the commodities traded in world trade are counterfeit, for example, 7 percent of EU imports are counterfeit products, which poses...
Read moreEconomic sentiment has improved in Germany and in the euro area
The economic sentiment in Germany and in the euro area has improved in March for the fifth consecutive month – according to the survey conducted by the ZEW (Zentrum für...
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Here are the most expensive and cheapest cities in the world
The annual research of the Economist Intelligence Unit compares 133 cities on the basis of the price of products such as bread. They are looking at how much the prices...
Read moreUS retail sales increased more than expected in May
US retail sales in the United States increased more than analysts’ expectations in May. The growth occured is the highest of the past 6 months. The US Department of Commerce...
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Magazine: O2O has never been this comfortable before
O2O – harmonised online and offline sales – has reached a new chapter: in December 2018 GH Lab opened a pop-up store in Mall of America in Bloomington (Minnesota), which...
Read moreBeer Association: premium beers are becoming more popular
Although only a small increase occured in the quantity of beer sold last year, the income of the members of the beer association has increased much more, because beer drinkers...
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Hungarians purchased with cards in a record number at the end of 2018
The number of debit cards issued increased, while the number of credit cards declined in Hungary in the fourth quarter of last year – the National Bank of Hungary (MNB)...
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The sustainability theme week has begun
The Ministry of Human Resources (Emmi) announced its sustainability theme for the fourth time, this year. At the Monday opening ceremony held in the Parliament, Rétvári Bence, Parliamentary Minister of...
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Big Gift Survey: we buy gifts for our partners and children
Almost everybody gives birthday and Christmas presents, but what are the other gift events in people’s lives, and to whom do they give gifts the most? These questions were answered...
Read moreBeekeepers expect a difficult season
Bross Péter, president of the Hungarian National Beekeeping Association (OMME) told Magyar Nemzet that although we are at the very beginning of the season, it can already be seen that...
Read moreCzech retail started the year well
Retail sales in the Czech Republic increased by 4.7 percent in January, compared to a year before, after the 3.1 percent in December – the Czech Statistical Office announced in...
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The foreign trade surplus of the Euro area decreased
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
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
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
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
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!
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
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
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
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
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
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
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,...
Read moreCereal prices up 14 percent in just one year
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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