Market News

Analysts: employment on historic peak

The number of employees has risen to record highs in the third quarter and the market analysts expect a further decline in unemployment, market analysts commented on the labor market...

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To date, a subsidy payment of 97 billion forints has been paid to farmers

The Hungarian State Treasury has paid up to 97 billion HUF this year to the farmers – the Deputy Chairman of the Hungarian State Treasury told at a press conference...

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MNB: Hungarian consumers became more conscious

Lending in Hungary is picking up again. Consumers are choosing more consciously, and the rules on borrowing also curb indebtedness – Binder István, supervisor spokesman of the National Bank of...

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The NAV will prepare the tax return for the primary producers

At the initiative of the National Chamber of Agriculture (NAK), the National Tax and Customs Office (NAV) is preparing the personal income tax return instead of the primary producers and...

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The business optimism of the German companies in Hungary continued to improve

According to the latest rapid survey of the German-Hungarian Chamber of Industry and Commerce (DUIHK), the German companies operating in Hungary are currently evaluating their economic situation as excellent. The...

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The communication and problem-solving skills are most appreciated by employers according to a survey

In all sectors, communication and problem-solving skills are the most appreciated by employers, and in case of the four-fifth of the jobs they require knowledge of English in addition to...

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Untaxes cigarettes were found in Budapest hidden into dog biscuit boxes

The National Tax and Customs Office (NAV) found more than 88,000 boxes of untaxed cigarettes in Budapest in a hired warehouse hidden in dog biscuit boxes – the NAV told...

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Whiskey auction record: 285 thousand pounds for a barrel

Not only glassware but barrels of Scotch whiskey are also a huge business. At an auction, the record of the most expensive barrel was 285 thousand pounds for a 30...

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Conference Board’s confidence index is on a seventeen year peak

U.S. consumer confidence increased more than expected in October to the highest in almost 17 years as Americans grew more confident about the economy and job market. The New York-based...

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GKI: Trends are favourable in the short term

Trends in the Hungarian economy of the first half of the year have continued in the past few months, and no substantial changes can be expected until mid-2018. Owing to...

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FruitVeB: The volume of folded vegetables grew by 15 percent

The yield of folded vegetables has increased significantly, by 15 percent in recent years, while the size of the folding area has declined – Ledó Ferenc, President of the Hungarian...

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11 percent more employees at Intersnack

Intersnack, the manufacturer Chio products, thanks to growing exports, increased the number of its staff by more than 11 percent, compared to last year. The company’s number of employees has...

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FM: The impact of the extension of the Russian embargo on Hungarian agro-exports is negligible

The expansion of the Russian embargo has a negligible impact on Hungary’s exports to Russia – the Ministry of Agriculture (FM) told MTI on Monday. According to their information, the...

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NFM: the consumer protection checks in e-commerce brought significant improvements

The proportion of web stores with consumer infringement violations has dropped to 14 percent from the previous 54 percent this year. The significant improvement is due to the adoption of...

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The aim of the government is to give more and more tasks to the agrarian chamber

The aim of the government is to give more and more tasks to the National Chamber of Agriculture (NAK) – Lázár János, Minister of the Prime Minister’s Office said at...

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Cisco: the number of Internet users to increase by 1 billion in four years

According to Cisco’s forecasts, the number of Internet users will increase by 1 billion in four years, from last year’s 3.6 billion to more than 4.6 billion users in the...

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New flavors have been identified by Australian researchers

A possible seventh flavor, carbohydrate has been identified by Australian researchers who are trying to reveal how this flavor is related to the consumption of starchy foods. “This is typically...

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The German ifo business sentiment index at record level

Instead of the expected minimal deterioration, the October German business sentiment index of the Munich-based Institute for Economic Research rose significantly to record levels. The October business mood index rose...

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The trademark gives guidance to shoppers

Judit Szép, managing director of BioCo Magyarország Kft. told our magazine that her company is the only one among dietary supplement manufacturers with 10 products bearing the MÉKISZ trademark. It isn’t easy...

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Tork PeakServe™ Continuous™ Hand Towel System is setting a new standard for high-traffic towel dispensing

Our latest research** shows that dirty and overcrowded washrooms are the biggest problem at high-traffic venues. When asking over 3000 people across six countries about their experience at high-traffic venues,...

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Magazine: Wieners and frankfurters are purchased less often

In the first six months of 2017 Hungarian households purchased less wiener and frankfurter, because the number of buying occasions decreased. Nine from 10 households purchased the category in the examined...

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(HU) GKI: Rövidtávon kedvezőek a folyamatok

Sorry, this entry is only available in HU....

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The Croatian TOP10 has 82 percent of the market

The 10 biggest retail chains in Croatia had combined sales of EUR 3.72 billion in 2016, which constitutes an 82.1-percent market share. Konzum is still the biggest player with a...

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South Korean cosmetics at Unilever

Unilever is to spend USD 2.7 billion on buying a South Korean cosmetics manufacturer, in order to stay the fourth biggest player in the skin care market. Carver Korea’s sales...

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New Purina factory in the USA

Nestlé has announced that a new factory will start production in the USA, making Purina pet care products. The new production plant – the 21st Purina factory in the USA...

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The English like a German retailer the most

German discounter Aldi was voted the most popular retail chain of 2017 in the United Kingdom. In a voting organised by the magazine Good Housekeeping, the discount supermarket chain finished...

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Lidl is testing menu boxes in Switzerland

Lidl Switzerland is testing menu boxes: they deliver ready-to-cook meals to consumers’ homes. Customers can try a new recipe every week and only the freshest ingredients are used for the...

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Lavazza buys shares

cé Italian coffee company Lavazza has acquired an 80-percent share in Nims, a company that sells coffee capsules and coffee vending machines. The two companies started cooperating back in 1994....

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Premium water in Coca-Cola’s portfolio

Coca-Cola North America has announced the acquisition of Topo Chico, a premium category mineral water brand. The Mexican product will be made available all over the USA. There is a...

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Less wine produced in France than ever before in the last sixty years

This year less wine will be made in France than ever before in the last 60 year. In volume a 19-percent decline is expected: 36.9 million hectolitres of wine will...

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