Market News
ITM: the number of complaints about product presentations reduced significantly
Due to government measures, the number of complaints received by the Consumer Protection Authority due to fraudulent product presentations has been reduced to less to a tenth – the Ministry...
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The European Parliament would maximize the upper VAT rate at 25 percent
The European Parliament (EP) would maximize the upper VAT rate of the Member States at 25 percent – the EU Parliament’s press service said. The purpose of the overall Value...
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Nébih withdrew dietary supplements
The National Food Chain Safety Office (Nébih) withdrew food supplements with non-authorized ingredients and drug, the organization told MTI on Thursday. According to the statement, the agency took a sample...
Read moreTwelve thousand boxes of smuggled cigarettes were seized in Szabolcs
Twelve thousand boxes of smuggled cigarettes worth 16 million forints, were found by police and tax officials in the area of Tiszakerecseny – the Szabolcs-Szatmár-Bereg County Police Headquarters announced on...
Read moreRetail sales continue to increase
In August, retail sales grew 6.3 percent. Calendar effects adjusted the growth was 6.8 percent, compared to the prevous year – according to the first estimate of the Central Statistical...
Read moreGrowth in 2017 was driven by consumption and investment
Last year, household consumption and investments pushed the economy’s growth, while net exports detracted performance – Németh Dávid senior analyst at K & H Bank commented the latest economic growth...
Read moreRomania’s retail sales increased
According to the raw data, Romanian retail sales grew 5.7 percent in the first eight months of this year, compared to the same period of last year the Romanian National...
Read moreCzech economic growth slowed down in the second quarter
In the second quarter, Czech economic growth declined to 2.4 percent from the 4.1 percent of the first quarter of the year in an annual comparision – the Czech Statistical...
Read moreIATA: passengers want more information and self-service airport systems
Air passengers want to receive more information about flights, security checks and luggage, and require more self-service airport systems, according to the latest annual poll conducted by the International Air...
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Magazine: Fierce competition between banks
The switch to digital processes in customer management is continuous in Hungarian banks. This creates great challenges for them. András Fischer, OTP Bank’s head of innovation – retail banking told our...
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Bread Alliance: the baking industry sells white and half-brown bread below real prices
The bakeries sell their three products, the white, the half-brown bread, as well as water- roll below real prices Septe József, President of the Hungarian Baker’s Association tolMTI on Tuesday....
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KSH: export and import showed a double-digit growth
In July, exports in euro were 11.4 percent higher than in the previous year and imports increased by 10.8 percent. Foreign trade surplus was 362 million euros, 80 million euros...
Read moreITM: 40,000 people swiched from public employment to the competitive sphere this year
In Hungary this year, 40,000 people switched from public employment to the competitive sector and 30 to 50,000 from the current 110 to 120 thousand can go to the primary...
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Nébih: only a fraction of the notifications in the EU alert system concerned Hungarian products
The National Food Chain Safety Office (Nébih) published on its website, referring to the annual summaries of the European Commission that only 0.7 percent of the almost four thousand notifications...
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Producer prices in the euro area have risen more than expected
The EU’s Statistical Office the Eurostat announced on Tuesday that producer prices in August increased by 0.3 percent in the 19 member states of the euro area, compared to the...
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MNB: Október 31-ig lehet fizetni a régi 1000 forintos bankjegyekkel
Már csak egy hónapig, október 31-ig lehet használni a készpénzes vásárlásoknál a régi – 2017 előtt kibocsátott – 1000 forintos bankjegyeket, mert október végén a Magyar Nemzeti Bank (MNB) bevonja...
Read moreUS consumer sentiment improved in September
The mood of US consumers has improved significantly in September, according to the regular monthly survey of the Michigan University. The consumer sentiment index increased to 100.1 points from the...
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Promising digitalisation level of Hungarian SMEs with a high business potential
According to the results of UniCredit Bank and Inspira Research’s Business Potential study, Hungarian SMEs with a high business potential are of the opinion that only new technology-based solutions qualify...
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Consumer prices grew by 3.4 percent in August too
In August 2018 consumer prices were 3.4 percent higher on average than a year before, just like July. In comparison with August 2017, food prices increased by 4.1 percent. Egg’s...
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More expensive cereal crops
In July 2018 agricultural production prices grew by 1.2 percent from the level of July 2017 – reported the Central Statistical Offi ce (KSH). This increase was the result of...
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Retail sales up more than 5 percent
In July 2018 like-for-like retail volume sales augmented by 5.4 percent; adjusted for calendar effects, the sales growth was 5.3 percent – reported the Central Statistical Office (KSH). Food and...
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It is key to reward skilled workers and professionals
The latest Cofidis Loan Monitor survey has revealed that it is difficult for Hungarians to find specialist doctors (84 percent), electricians (82 percent), painters (80 percent) and home appliance repairers...
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Faster growth than expected, but it is losing speed
In the 2nd quarter of 2018 the Hungarian economy grew faster than expected – and faster than most EU member states – but if calculated with the EU methodology, the...
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The shopping centre of the near future
International shopping centre Westfield has presented its vision about the store of the future with the title Destination 2028. In Westfield’s concept the relationship between people and nature dominates. The...
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Our waste, our responsibility
Bottletop on Regent Street in London is the first zero-waste shop in the world. The interior is fully 3D-printed, using materials from 60,000 PET bottles, 75 car tyres and 3,500...
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Innovation focuses on food-to-go
Food-to-go services are one of the top trends in the domain of retail innovations. Offline retail trade can use not only digital solutions to keep customers, but also various services...
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Why should both manufacturers and wholesalers enter the website of the year competition?
In this year’s website of the year competition there are individual categories for trade companies – called e-commerce and trade – and manufacturers – named B2B and brand site. Participation...
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Can an e-commerce association be the solution in competing with giants such as Amazon?
One of the reasons why Central Europe is a popular cross-border e-commerce target is that giants such as Amazon or Alibaba aren’t expanding in the region yet. This situation is...
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Those who buy Hungarian onion help our farmer
In the spring of 2017 NAK set up an onion working group with the aim of making the Hungarian onion sector more competitive. NAK organises talks between farmers and retailers,...
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Coccolino: renewal both inside and outside
Coccolino’s large-scale relaunch project has come to an end. In 2018 the fabric softener brand got a new design and improved formulas. Brand manager Judit Benczik told: new products had...
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