Market News
IATA: 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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Campaigns popularising Hungarian food products
The Hungarian Chamber of Agriculture (NAK) promotes Hungarian produce and groceries in many ways. As part of the ‘From Hungary to our homes’ programme a lifestyle page was created on...
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New Fanta Instamixes
In mid-September three versions of Fanta: Instamix hit the shops – chocolate, coconut and raspberry-orange. The recipe is simple: consumers need to pour the Instamix into a 0.5-litre Fanta orange...
Read moreThe price of pig decreased in one year
Compared to the beginning of the year, the price of pigs declined in comparison with the previous year in August this year – Világgazdaság Online wrote on the basis of...
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Cattle can be transported to the United Arab Emirates again
The agricultural ministry of the United Arab Emirates has removed Hungary from the list of countries with bluetongue disease. As a result of this measure it will be possible to...
Read moreHungarian companies are still crediting their customers at a record level
The proportion of deferred payments in domestic commerce (B2B) decreased, however, while the duration for invoicing and the number of bad debts increased. According to the Atradius Credit Provider’s Barometer...
Read moreMLBKT: PMI in September shows continued growth
The seasonally adjusted September value of the Purchasing Manager Index (PMI) was 53.8 points, which indicates that respondents reported more favorable processes than in the previous month. The index is...
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Insect farms to come
Those entrepreneurs who would set up insect farms in Hungary will be given every support from the Hungarian authorities – mfor.hu wrote. There is a possibility of establishing insect farms...
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Hungarian cash stock is significant
Hungarian cash stock is about 5,700 billion HUF. From a part of it, the population’s securities and equity purchases could be increased – Nagy Márton, the vice president of the...
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