Market News
One fifth of SMEs plan to recruit new employees
A survey conducted by GfK Hungária for Budapest Bank found that 80 percent of Hungarian SMEs’ managing directors believe there is huge potential in their enterprises. 30 percent of small...
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After virtual stores Google opens physical ones
On 12 March Google announced the opening of physical stores. The new concept premiered in Currys PC World on Tottenham Court Road in London. Smartphones, tablet computers, Chrombook laptops, Chromcast...
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Communication
Communication is important in every field of life and finding a partner is no exception. I have had a 40-year-old client called Kálmán, a handsome and confident businessmen. He met...
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KSH: the export surplus in the first quarter is above three billion euros
In the first four months of the year, teh trade surplus was 3.020 billion euros, 552 million more than in the same period of last year. In January-April, exports increased...
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Analysts: favorable outlook for foreign trade
According to analysts interviewed by MTI, the dynamics of foreign trade remains favorable. According to the first estimate of the Central Statistical Office (KSH) released on Monday, the value of...
Read moreThousands of tourists complaining due to the Sunday store closure at the Lake Balaton
Chaotic conditions occured on the first Sunday of the Hot Summer Season at the Lake Balaton: thousands of angry tourists were in fret, because of the closed shops – the...
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Hungarian Food Bank Association: 100 kilos of food is thrown out per household per year
In Hungary an average of 100 kilogrammes of food is thrown out each year per household – the president of the Hungarian Food Bank Association told M1 news channel on...
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The Purchasing Manager Index keeps growing
In March the seasonally adjusted value of the Purchasing Manager Index was 55.6 points – informed the Hungarian Association of Logistics, Purchasing and Inventory Management (MLBKT). This data indicates that...
Read moreBuy and get healthy!
On 11 March there was a special press event in the health centre built on the second floor of the Príma Gourmet House in Pesthidegkút: the launch of CBA’s new...
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Well-oiled, health-conscious trends
The cooking oil market is rather price-driven as fluctuating ingredient prices and currency exchange rates influence consumer prices very much. For instance volume sales have grown recently but the average...
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Changes in the advertising tax: a new rate is introduced
On 27 May 2015 the draft legislation for amending the Advertisement Tax Act was given a green light: the amendment introduces a 5.3-percent tax rate above a HUF 100-million tax...
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IT solutions in retail: they can do it all
Numerous new technological solutions are available to FMCG companies. Éva Kozma, commercial director of Szintézis Zrt. informed our magazine that 2014 was all about online cash registers. She thinks that...
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High-tech store technology
László Körmöczi, the managing director of Carrier Retail Cooling Technology is of the opinion that online shopping, ‘drive-through’ and the so-called pick pack points all pose a challenge to traditional...
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HEINEKEN Hungária is ready for the season
HEINEKEN Hungária beers are preparing for the season with many surprises. Sales director Gheorghe-Sever Andresz and marketing and trade marketing director Jan-Willem Van Wensem talked to our magazine about new...
Read moreKSH: the Hungarian economy grew faster in the first quarter than predicted
In the first quarter, Hungary's gross domestic product (GDP) increased by 3.5 percent, and was 0.8 percent higher than in the previous quarter – Central Statistical Office (KSH) reported in...
Read moreThe government supports the construction of the family farms’ grain storages
The government supports the construction of grain storages at small and medium-sized family farms, because the government wants to reduce their exposure to the market – Kis Miklós Zsolt, Minister...
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ECJ: the food packaging cannot refer to a component that is not in the product
If a product’s package indicates the presence of ingredients that are not included in the product can be deceive to consumers, but it just turns out from the detailed list...
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Garden in the city: the Picnic Garden of the bloggers has debuted
Four popular bloggers, gastronomy and lifestyle experts presented their joint vegetable garden in the organic garden of the Corvinus University’s arboretum. The Picnic Garden draws attention to the values of...
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Protective tariff was introduced for milk and milk products in Serbia
The Serbian government has introduced a protective tariff on milk and milk products. The 10-30 dinar (26-78 HUF) levy would protect the Serbian producers – the Vecernje Novosti Belgrade newspaper...
Read moreRetail sales grew by six percent in the Czech Republic
Retail sales grew by six percent in the Czech Republic on an annual comparision in April, in the Czech Republic – the Czech Statistical Office (CSÚ) announced in Prague on...
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Magazine: Grilling accessories sell well
Sunshine and beautiful spring weather make friends and families go out and cook in the garden. Barbecues are increasingly popular in Hungary, according to Károly Deli, brand manager with Sarantis...
Read moreThe sharing economy is already knocking at the door
In many cities all over the world cab drivers were protesting against taxi service application Uber, a smartphone app that directly connects users with the nearest registered Uber cars, which...
Read moreAnalysts: the growth in retail sales continues at a slower pace
The retail sales growth may continue, but the growth rate is expected to slow down by the end of the year – analysts told to MTI, referring to the data...
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Domestic e-retail in heights never seen
The domestic e-merchants closed an excellent year again. A net turnover of 273 billion HUF was realized in the e-retail sector in Hungary in 2014, which is much higher than...
Read moreForeign webshops are popular among the Hungarian online shoppers
The data of GfK’s E-commerce Report shows the domestic online trade’s high degree of concentration in the first half of the year. 88 percent of the orders are by domestic...
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Japan terminated the ban on Hungarian poultry meat imports
Japan terminated the ban on Hungarian poultry meat imports from 2 June. The measure was introduced because bird flue was detected in Békés county in February. According to the communication...
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Each year, 1.8 million tons of food products are thrown out in Hungary
In Hungary 1.8 million tons of food products are thrown out each year, of which only 2,000 tons are gathered to feed the needy – Cseh Balázs, President of the...
Read moreKSH: the growth in consumption continued in April
In April, the volume of retail sales increased by 4.4 percent according to the raw data and by 5.3 percent on the basis of the calendar effect adjusted data, compared...
Read moreNGM: the growth in retail sales is continuous for 22 months
It is very positive that the growth in retail sales is continuous for 22 months – Lenner Áron Márk, Deputy Minister of State of the Ministry of National Economy (NGM)...
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