Market News
REWE Group Revamps Digital Loyalty Programmes
REWE Group has announced a new format for its digital loyalty programmes for both REWE and Penny customers, leveraging data-driven technologies to better deliver personalised offers. According to the retailer,...
Read more
Lactalis to close factory in Zambia
The dairy group has cited “market dynamics”, according to a government minister. Lactalis has decided to shut a factory in Zambia, the country’s government has said. The dairy group has...
Read more
KSH: retail turnover in November exceeded the same period of the previous year by 4.1 percent and the previous month by 0.6 percent
In November 2024, the volume of retail trade turnover increased by 3.7 percent according to raw data, and by 4.1 percent adjusted for calendar effects, compared to the same period...
Read more
NGM: Public confidence is apparently starting to return
The government is working to improve the economy so that families can manage with more money and thus consume more – this is how the Ministry of National Economy (NGM)...
Read more
Fidelity Outlook 2025: The US is ready for reflation
The Republicans’ landslide victory in the November election has significantly changed the economic outlook for 2025. For much of 2024, we considered a soft landing in the US as our...
Read more
GKI analysis: We are further away from eurozone membership than we were 10 years ago
Hungary committed to adopting the euro when it joined the European Union. Below, we analyze the fulfillment of the four key criteria required for joining the eurozone. The budget deficit...
Read more
Sixfold difference between settlements – Development of net earnings in 2023 by settlement
The GKI examined the development of net earnings by settlement in 2023. This year, real earnings decreased, but this was not uniform by settlement. Net earnings were highest in the...
Read more
We spent nearly one hundred thousand forints on food during the holiday season
Christmas preparations determined the turnover of the Kifli.hu online supermarket in December 2024. The demand for home baking, premium products and special holiday dishes was outstanding, but the purchase frequency...
Read more
FAO’s global food price index fell in December
The global food commodity price index fell in December, driven by lower international sugar prices, the Food and Agriculture Organization of the United Nations (FAO) said today. The FAO food...
Read more
MNB: inflation will rise temporarily, but may remain within the three percent range in 2025
Inflation in Hungary will rise temporarily in the coming months, but will mostly remain within the 3 percent target range for the whole of 2025; from the second half of...
Read more
Eurozone inflation rises to highest level since July in December
The eurozone inflation rate rose for the third consecutive month in December, according to the first estimate based on preliminary data published by the European Union’s statistical office, Eurostat, on...
Read more
Bank360: Important financial changes are coming in January 2025, here is the list
It is difficult to list how many changes will occur in our everyday finances from January 1, 2025. Bank account fees will increase, the maximum APR for loans will decrease,...
Read more
AM: Producer protection will be renewed from January 1st
From the beginning of the year, new rules promoting fair business relations will improve the position of small farms and producers vis-à-vis buyers. Thanks to the producer protection package, farmers...
Read more
BMI: Moderate expansion in December
The Purchasing Managers’ Index (PMI) seasonally adjusted December value is 50.6. Compared to the previous December monthly values, this year’s value is lower than the long-term average for this month...
Read more
Applications are now open for the Environmental Protection Award
The Association of Environmental Service Providers and Manufacturers recognizes the activities of the most outstanding professionals in the field of environmental protection every year. With the Environmental Protection Award, which...
Read more
Csaba Balázs Rigó: the GVH imposed fines of more than four billion forints this year
The Hungarian Competition Authority (GVH) has imposed fines of more than four billion forints this year, the organization’s president said in an interview published in Magyar Nemzet on Saturday. In...
Read more
NGM: the government is working to strengthen domestic industry, which is being held back by the crisis in the German economy
The government is working to strengthen domestic industry, which is being held back by the crisis in the German economy, the Ministry of National Economy (NGM) emphasized in its analysis...
Read more
Bank360: Banks are already rushing to provide workers’ loans
Most banks did not wait a minute, they announced their workers’ loans on the first day of January. The conditions are similar due to legal constraints, but there are significant...
Read more
Tokaj and Eger producers won the Hungarian Wine Grand Prix
In the white wine category, the 2021 Csontos Furmint from Bott Pince in Tokaj, and in the red wine category, the 2019 Agapé Nagy-Eged-hegy Grand Superior from Eger in St....
Read more
EM: you can apply for the popular green energy subsidy for one more week
There is still one more week to apply for the popular green energy subsidy, the Ministry of Energy (EM) has announced. According to a statement sent to MTI, the opportunity...
Read more
LG and Microsoft sign strategic agreement in AI field
LG has announced a strategic partnership with Microsoft at CES 2025, showcasing its vision for everyday life infused with AI services. LG Electronics (LG) has entered into a strategic partnership...
Read more
NAK recommends giving preference to Hungarian products when buying sausages
The National Chamber of Agriculture and Food (NAK) also recommended giving preference to Hungarian products when choosing New Year’s Eve sausages, because they are traceable, continuously controlled, and designed for...
Read more
The first One Hungary brand store opened in Budapest
After more than a year and a half of preparatory work, One Magyarország, a member of the 4iG group, opened its first “flagship” brand store on Monday in the Westend...
Read more
New bee welfare support scheme launched
A new call for applications to develop the ecosystem service capacity of bee colonies has been launched within the framework of the CAP Strategic Plan. Applications for the doubled support,...
Read more
Waterfowl farmers to receive additional support this year
Since the waterfowl sector has faced serious challenges in the recent period due to avian influenza and market conditions, waterfowl farmers participating in the poultry animal welfare program will receive...
Read more
The 860 billion forint development demand in the livestock sector is a good message
This year, those active in the livestock sector have requested 860 billion forints of support for large and small projects, which is a good message because it shows that there...
Read more
Illegal activities may have played a role in the spread of bird flu
The veterinary authority has also experienced failure to keep poultry indoors, illegal keeping and illegal sale of poultry and poultry products during the bird flu epidemic that has been ongoing...
Read more
Germany remains the main agricultural trade partner
Hungary’s agricultural foreign trade was also concentrated and strongly Europe-centric in the period under review: 95 percent of exports were made with European countries. Asia’s share was 3.1 percent, America’s...
Read more
Declining company numbers, permanent half-million limit
In 2024, the number of partnerships is expected to decrease by 12 thousand, while the number of foundings is only 22 thousand, which is the weakest result in the past...
Read more
The GKI business climate index barely changed in December
According to a survey by GKI Economic Research Ltd. – supported by the EU – the business sector’s outlook deteriorated further in December, but consumers became slightly more optimistic. The...
Read more