Market News
Digitalisation of the economy can give further growth to Central and Eastern Europe
The American McKinsey & Company management consultancy company suggests economic digitization in cooperation for the Central and Eastern European countries to boost their growth. On average, the ten Central and...
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Manufacturers of sweets expect a record annual turnover of over 10 billion forints
Seasonal sweets can be in excess of 10 billion forints in December, and annual candy can sales may increase from last year’s 200 billion forints to 250 billion forints. Still...
Read moreGKI raised its GDP forecast to 4.5 percent this year
After the third quarter’s 4.8 percent increase, which is one of the fastest growth in the EU, GKI has raised its forecast for GDP this year, from 4.2 to 4.5...
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The turnover of Christmas fondants accelerates before Christmas
According to a research commissioned by the Association of Hungarian Confectionery Manufacturers, 86 percent of domestic consumers are planning to buy Christmas fondants – Sánta Sándor, the chairman of the...
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Nagy István: soy production should also be promoted in the future
In the future, the cultivation of genetically modified soybeans (GMO-free) in Hungary should be encouraged, and the strategic aim is to preserve and process domestic yields – Nagy István Minister...
Read moreKSH: the economic weight of SMEs is considerably lower than that their proportion
The economic weight of the small and medium-sized enterprises (SMEs) is considerably smaller than their proportion. While SMEs provided job opportunities to almost two-thirds (65.2 percent) of the employees in...
Read moreMLBKT: slower growth in November
The seasonally adjusted November value of the Purchasing Manager Index (PMI) was 53.5, ie respondents reported more favorable processes than in the previous month, but the pace slowed down. The...
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14 percent of the Hungarian workers receive a 13th month salary at the end of the year according to a survey
14 percent of the Hungarian workers receive a 13th month salary in November and December, averaging 332 thousand forints, typically at larger private-owned private companies – Fizetesek.hu’s survey reveals. 48...
Read moreThe global advertising market grew to 552 billion USD
This year, the global advertising market closed a great year. The revenues of the the global advertising market increased by 7.2 percent, compared to the previous year, to record levels...
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Christmas pines are already coming to the venues
Christmas trees arrive in the first days of December, and a significant part of them began to be cut off at the end of November – Biza Klára, Chairman of...
Read moreThe seasonal food chain control has been launched
The traditional winter food chain check-up has begun, the action lasts unil the end of the year, and it focuses on almost all products that are linked to holidays, as...
Read moreThe Ministry of Agriculture supports Hungarian honey production
Hungarian beekeeping plays a major role in rural development, the preservation of the rural population and the maintenance of ecological balance – the Minister of Agriculture said on Sunday in...
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KSH: the income situation of households improved further last year
The income situation of households continued to improve in 2017, but their consumption expenditures also increased – the Head of Department of Quality of Life Statistics of the Central Statistical...
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The consumer protection authority has not found problems in chocolate Santas
The consumer protection authority has started the nationwide checks before the holidays, so far the experience has shown that the composition of chocolate Santa Clauses corresponds to the name, fat...
Read moreAM: the Industry 4.0 can contribute to the development of agriculture and the food industry
The solutions of Industry 4.0 can contribute to the development of agriculture and related processing industries significantly. The government’s aim is to help and accelerate this process thereby enhancing the...
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Cheese dishes book on the world of Hungarian cheeses
The Cheese Dishes – From Pasture to Plate book of Segal Viktor and Sándor Tamás reviews the world of Hungarian cheeses. The book that will be published these days will...
Read moreThis year’s grain production exceeded 30 million tonnes in Romania
In Romania, this year’s grain production exceeded 30 million tonnes after last year’s 27 million tonnes – the Romanian Agriculture Minister Petre Daea announced on Monday. The minister said that...
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Accenture survey: this year, the Y generation is spending the most money on Christmas shopping
According to Accenture’s survey, this year US buyers will spend more on Christmas shopping than last year during, and the Millennium (Y generation) will spend the most. The members of...
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Magazine: Shopping mall ban – Part 2: the decree modification permit
In early 2015 the so-called ‘Shopping Mall Ban’ law entered into force: according to this, retail trade units with a floor space above 400m² can only be built, converted or...
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GKI: growth is fast but inflation is also fast
After a GDP growth rate of 4.8 per cent in the third quarter, which was one of the fastest rate in the EU, GKI, similarly to other forecasters, raised its...
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Nielsen: sales of e-shopping grew by 15 percent globally
Online sales of packaged and fresh goods have increased globally by 15 percent over the past two years. As consumers’ confidence in the online shopping ecosystem increases, the range of...
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Hungarian products were popular among families with small children
The PromoBox and the MAGYAR TERMÉK Nonprofit Kft. sent information packages promoting Hungarian products to the families of 75 thousand newborn babies. Ten Hungarian Product Trademark Users participated in the...
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The digitalisation of the financial sector can significantly reduce cash use
The digitization of the financial sector can significantly reduce the use of cash. In Hungary, cash in circulation is 15 percent of the GDP and the cost of cash is...
Read moreGerman retail trade became better than expected
The German retail trade data was much better in October than the expectitons of analysts. German Federal Statistical Office (Destatis) announced on Friday that there was a 5 percent increase...
Read moreUnlimited online shopping to be possible
On 3 December, the EU regulation will come into force throughout the European Union (EU), which eliminates unjustified territorial restrictions on electronic commerce. Andrus Ansip, European Commissioner for the Digital...
Read moreAnother case of swine fever has been reported in Romania
The Romanian Veterinary Authority has detected the virus of African swine fever (ASF) in one of the domestic pig farms in the village of Hegyközkovácsi in Romania. A part of...
Read moreEuler Hermes: competition is getting more and more intensive for retailers
Growth in domestic retail trade is further intensifying. In addition to food, Hungarians spend more and more on other consumer goods. However, the increasing cycle of retail sales is approaching...
Read moreKSH: increase in investments accelerated in the third quarter
In the third quarter, the volume of investments was 22.1 percent higher, compared to the previous year, and after the 15.3 percent increase of the second quarter. Growth is driven...
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Half of the Hungarians carry out Christmas shopping via mobile phones
Shopping via mobile phones is at least as casual as the traditional way to shop in a store. In Europe, about 80 percent of the population are ordering products from...
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The Circular Economy Platform was established in Hungary
On 29 November 2018, the Hungarian Circular Economy Platform was established officially as the initiative of the Hungarian Business Council for Sustainable Development (BCSDH), the Dutch Embassy and the Ministry...
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