Market News
The ice cream comes to your house
An ice cream shop in Losonc bridged the problem perfectly by not being able to open its shop due to restrictions imposed in Slovakia due to the coronavirus pandemic. Dodo...
Read moreAfter a two-month break, a number of stores and services were opened in the Czech Republic
After a two-month hiatus, shopping malls, restaurant terraces, hairdressers and other services in the Czech Republic reopened on Monday that have been closed since mid-March due to the coronavirus pandemic....
Read moreEmployment decreased in the United States
The number of employees in the United States fell sharply in April. The pandemic caused by the new corona virus and measures to curb it put an end to a...
Read moreThe French parliament has extended the state of emergency
Two days before the gradual lifting of general quarantine for the coronavirus epidemic, the French parliament voted on Saturday night to extend the state of health until July 10, while...
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Plastic is not the number one sin
Not a day passes by without you reading an article about the harmful environmental effects of plastics. Never, or at least with much less emphasis, is placed on the other...
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Magazine: Tasty, fizzy and as natural as possible!
András Palkó, marketing operations manager of Coca-Cola HBC Magyarország told Trade magazin that there were two strong trends in the market of carbonated soft drinks in 2019: a slowdown in...
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Pandemic highlights the limits of store-based online fulfillment
The huge growth in demand for online grocery shopping services driven by the coronavirus is poised to redefine the supermarket business’ approach to e-commerce. While before the “stay home” provisions,...
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Irish online grocery store Buymie adds new services
Dublin-based online grocery delivery company Buymie has raised EUR 2.2 million from investors to expand its service in response to demand during the coronavirus pandemic. Thanks to this the company will be...
Read moreKSH: consumer prices rose by 2.4 percent in April
In April, consumer prices were on average 2.4 percent higher than a year earlier. Compared to March, food prices rose 1.4 percent more than usual, which may have been due...
Read moreFood became more expensive again
Buyers and traders are increasingly adapting to the pandemic situation, while prices continue to rise in domestic hypermarkets – albeit at a slightly slower pace than a month ago –...
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Advertising Alliance: a 38 percent decline in the media and communications market may occur this year
In the media and communications market, industry players expect an average decline of 38 percent this year, the Hungarian Advertising Association (MRSZ) said in a joint statement with its affiliates,...
Read moreThe online sector is the big winner of the pandemic
In mid-March 2020, the coronavirus redrawn the everyday life of Europe and Hungary overnight. Most people were completely unprepared when, almost simultaneously with the outbreak of the epidemic in Hungary,...
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Despite the pandemic, the sentiment of the world’s population has improved a lot
The global crisis has taught us to value our everyday lives. The COVID-19 virus also casts a shadow over the number one problem, unemployment. At the same time, a sharply...
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Mastercard: Nearly eight out of ten people choose contactless payment
According to a recent global consumer survey conducted by Mastercard in 19 countries, 79 percent of shoppers choose contactless payment, mentioning security and cleanliness as the most important motivation, the...
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Foreign seasonal workers can come
The severe labor shortage in horticulture can be resolved in a short time. According to an amendment to a government decree published the other day, seasonal workers can come to...
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Minister of Agriculture: we still don’t know the real fallbacks of coronavirus
Every day, new losses are caused to Hungarian agriculture by trade and other restrictions due to the coronavirus epidemic, but effective control and the restart of the economy reduce the...
Read moreRetail sales in the Czech Republic fell by 8.9 percent in March
In March, retail sales in the Czech Republic fell by 8.9 percent year-on-year; In February, growth reached 7 percent – the Czech Statistical Office announced in Prague. The sharp decline...
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EU-borders do not open until mid-June
The European Commission would extend the ban on entry into the EU until 15 June, as the coronavirus situation is “not even stable in Europe and the world,” the Eurologist...
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German Chancellor at least until the end of the year
Even the most optimistic estimates suggest that the coronavirus epidemic in Germany will last at least until the end of the year – the German chancellor said in an interview...
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Neither footballers nor their market value are immune to the pandemic
The total value of players on the teams of the ten largest European football leagues could fall by as much as 10 billion euros if the season is not completed...
Read moreThe goverment shares more EU-grants than ever
A tremendous amoun of EU grant decisions have been made as since mid-April, and the payment of grants has visibly picked up since the outbreak of the coronavirus crisis in...
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Life in Europe is gradually relaunched
Life is gradually being relaunched in many countries in Europe, but they are very careful everywhere. True, there are places with seemingly strange decisions. At the same time, the restart...
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There is a huge difference between the perceived and official inflation now
Officially, the annual rate of price increase in Hungary is below 3%, but in the meantime we can find inflation of almost 10% when we enter the store. There has...
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Prices continue to rise in domestic hypermarkets
Shoppers and traders are increasingly adapting to the epidemic, while prices continue to rise in domestic hypermarkets – albeit at a slightly slower pace than a month ago. There is...
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How COVID-19 is changing consumer behaviors
The EY Future Consumer Index on behavior and sentiment across five key markets shows how the pandemic is creating new consumer segments. Daily life for people around the world has...
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People are boycotting Costco for requiring shoppers to wear masks in stores
Costco is the secon biggest US grocery retailer. Starting May 4, Costco shoppers will be required to wear face coverings in stores. After the announcement of the new policy, angry...
Read moreGKI Digital: online retail business grew by 21.4 percent in the first quarter
E-merchants fulfilled about 9.9 million domestic orders in the first quarter, with a gross value of 149.6 billion HUF, which represents an increase of 15.9 percent in the number of...
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Deloitte: a government decree protects food suppliers
New government decree protects food suppliers when selling to larger traders in times of emergency due to the coronavirus, allowing traders not to unilaterally reduce the purchase price or threaten...
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At the initiative of the Chamber, it will be possible to employ foreign seasonal workers
The amendment to the government decree, initiated by the National Chamber of Agriculture, allows harvesting works. This will be of great help to the horticultural sector in particular in mitigating...
Read moreOpten: 42 percent drop in the number of company foundations in April
In April, 1,442 companies were established in Hungary, which is a 42 percent decline from the previous month and 35 percent from a year earlier – Opten told MTI. Opten...
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