Market News
Shortcoming of olive oil can occur across Europe
Olive production in Italy has not been as bad as this year for twenty-five years – Index wrote. The drop was 57 percent, so it is expected that they have...
Read moreYou can save a lot with the fridge and washing machine
With a truly energy-efficient combined refrigerator and washing machine, you can save tens of thousands of forints a year on overhead accounts, but using the devices more consciously can also...
Read moreCigarette smugglers were captured in Szabolcs county
Nearly 24 million forints smuggled cigarettes were found in two men’s cars by police officers in Szabolcs-Szatmár-Bereg county – the regional police headquarters announced on Police.hu. According to the information,...
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Magazine: Ham brands set the bar even higher
Despite the good economic situation and positive consumption trends, the volume sales of Easter hams decreased a bit in 2018, in comparison with the same period of 2017: shops sold...
Read moreRetail started the year well
According to the Central Statistical Office (KSH), the volume of retail sales in January was 5.4 percent higher than in the previous year, according to both the raw and calendar-adjusted...
Read moreNagy István: the Ministry of Agriculture supports the collection of signatures for the conservation of EU agricultural resources
The Ministry of Agriculture supports the collection of signatures for the conservation of EU agricultural resources that was initiated by the National Agricultural Chamber (NAK) and the Association of Hungarian...
Read moreA Hungarian-developed procedure can reduce the spread of swine infections
The spread of swine infections may be diminished by a Hungarian-developed diagnostic procedure created with the support of the EU – the Galen Bio Diagnosztikai és Biotechnológiai Kft. (Galen Bio...
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ITM: environmentally friendly technology is the key in preserving European competitiveness
The success of the transition to a new, innovative environmentally friendly technology in the energy sector is a key factor in preserving European competitiveness. But the countries must also rely...
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Last year, ten percentage points more people were saving, compared to a year before
Last year, nearly 60 percent of Hungarians saved monthly, which is about ten percentage points higher than in the previous year, and corresponds to the European average – the Intrum...
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Retail sales in the euro area grew stronger than expected in January
The European Union’s Statistical Office (Eurostat) announced on Tuesday that according to the seasonally adjusted data, retail sales in the 19-member eurozone increased by 1.3 percent monthly and 2.2 percent...
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Magazine: Year of the Pig
According to the Chinese horoscope, 2019 is the year of the pig, which is good for creative people who are capable of renewal, who are flexible but don’t make hasty...
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The Product of the Year awards were handed over
This year, the products of the Year (POY) awards were handed over for the eighth time on Monday. The Hungarian consumers evaluated the products in 20 categories – Vágvölgyi Mihály,...
Read moreKSH: Foreign trade export surplus remained over 5.5 billion euros in 2018
In 2018, the value of exports in euro was 4.2 percent, the value of imports 7.3 percent higher than in the previous year; the Central Statistical Office (KSH) reported its...
Read moreMLBKT: the purchasing manager index has increased
The seasonally adjusted February value of the Purchasing Manager Index (PMI) was 55.7 points after the 54.7 points of January. According to the results, the Hungarian Logistics, Purchasing and Inventory...
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Newer companies have joined the agreement against the distribution of counterfeit products
New internet platforms and brand owners joined to the agreement against the distribution of counterfeit products that was established in 2011 and was strengthened in 2016 – the European Commission...
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Euro area inflation accelerated in February
In February, the pace of the rise in consumer prices in the euro area accelerated, but only slightly, below the European Central Bank’s 2 percent target. According to the preliminary...
Read moreThe US consumer sentiment deteriorated in February
The US consumer sentiment deteriorated strongly in February – according to the Michigan University’s regular monthly survey that was published on Friday. The consumer sentiment index decreased from the previous...
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GKI: Tsunami of government programmes
The Hungarian economy grew by 4.9 per cent in 2018, and it was probably the second fastest growth rate in the EU after Poland. In the past decades, faster growth...
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A colourful and exciting year is waiting for OREO!
OREO cookies were introduced in the USA in 1912, but in the last more than 100 years the product conquered the world to become the No.1 biscuit brand in the...
Read moreThe Hungarian economy grew by five percent last year
In the fourth quarter of last year, gross domestic product (GDP) increased by 5.1 percent, compared to the same period of the previous year. According to the seasonal and calendar...
Read moreMagosz and NAK to start a signature collection for the preservation of EU funds
The Association of Hungarian Farmers and Farmers’ Cooperatives (Magosz) and the National Chamber of Agricultural Economics (NAC) to start a signature collection in order to prefent EU agricultural resources from...
Read moreTwenty-one wines were selected for this year’s Ministry of Foreign Affairs’s wine selection
Twenty-one Hungarian wines were selected for the wine selection of the Ministry of Foreign Affairs (KKM), and the wine packages that illustrate the characteristics of the Hungarian production sites will...
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Companies that raise customer service levels can increase their sales by up to 20-30 percent
ClientFirst Consulting, which tests more than 1,500 stores and customer service points and evaluates 6,500 customer reviews, has announced this year’s Excellence in Customer Service Awards. The performance of Hungarian...
Read moreThe price of coffee can fly from the bottom to the top
In recent years, the world market price of coffee fell to a ten-year low, but according to the Equilor Investment Co. Ltd., this trend may soon be reversed – origo...
Read moreA professional draft of the development strategy for digital services in Hungary has been completed
A professional draft for the development strategy for digital services in Hungary has been prepared, which aims to create a predictable, stable and supportive regulatory environment for domestic businesses, and...
Read moreThe University of Szeged started a research to reduce the risk of swine embryo deaths
The University of Szeged launched a research to reduce the risk of swine embryo deaths with the partners of the University of Szeged, with theUBM Feed Kft. and the ADEXGO...
Read moreThe German retail trade started the year with a two and a quarter year record
German retail sales in January this year have not increased in such an extent since January 2016. The German Federal Statistical Office, Destatis announced on Friday that German retail sales...
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Magazine: Who is growing faster?
According to a study about FMCG retailers’ cooperatives published on the LZ Retailystic website of German trade magazine Lebensmittel Zeitung, expectation is that the market share of cooperatives will decrease...
Read moreKSH: investments grew by 17 percent last year
Last year, the volume of national economy investments increased by 17 percent to the highest level measured so far, and the fourth quarter also saw a 17 percent increase compared...
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Advertising Cake 2018: Trust in print is still strong
The 2018 advertising cake was presented on 27 February 2019 at a press conference organized by professional organizations, where Kovács Tibor, president of the MLE, presented the results of the...
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