News and articles
Consumers react to the inflation by spending less
In April 2022 US market research company First Insight did a 1,000-participant survey on how the biggest inflation rate of the last 40 years, 8.5%, has influenced consumer confidence and...
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Recommendations for the NTAK system
It is one of the missions of the Guild of Hungarian Restaurateurs (MVI) to call the attention of decision-makers to the problems affecting catering businesses. As a lot of questions...
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Cake of Hungary semi-final
Just like in former years, to celebrate 20 August – the day commemorating King Saint Stephen who established the Hungarian state – the guild has organised the Cake of Hungary...
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OKSZ: Planned windfall tax narrows room for manoeuvre for businesses
At its 27 May 2022 meeting, the National Trade Association (OKSZ) analysed the possible consequences of the government’s planned extra profit tax in the retail sector. OKSZ came to the...
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Great success at Sirha
The Sirha Budapest trade show – held between 22 and 24 March – was a great success for the Hungarian Confectioners Guild. Co-president László Selmeczi told that they organised...
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MVI’s Gala Dinner returns!
In the last two years the Guild of Hungarian Restaurateurs (MVI) didn’t organise its annual gala dinner because of the pandemic. This year the event returns on 16 October and...
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KSH: prices increased by 10.7 percent on an annual basis
Consumer prices were on average 10.7 percent higher in May than a year earlier, up 1.7 percent in a month, the Central Statistical Office (KSH) said on Wednesday. According to...
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According to the World Bank, the Hungarian economy will expand by 4.6 percent this year
According to the World Bank, the Hungarian economy will expand by 4.6 percent this year, 3.8 percent next year, and 3.4 percent in 2024, according to the global economic forecast...
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Four Hungarian platinum medals at the Decanter World Wine Awards
This year, Hungarian wineries won four platinum and nine gold medals at the Decanter World Wine Awards (DWWA), one of the most prestigious wine competitions in the world. Held for...
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Erste Bank: credit demand for small and medium-sized businesses may fall
Demand for credit from small and medium-sized enterprises (SMEs) may fall significantly in the third quarter, Erste Bank told MTI on Wednesday. The financial institution’s SME business performed outstandingly in...
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MNB: the number of card purchases has increased fivefold in ten years
The payment system has undergone tremendous development in the last ten years: for example, the number of POS terminals in operation tripled to 240,000 last year and the number of...
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Survey: The wage demand of Hungarian career starters increased by 29 percent
The average net wage demand of Hungarian career starters was 322,000 HUF, wich is an increase of 29 percent compared to last year, the Zyntern.com job portal told MTI on...
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Factoring providers achieved a 22 percent increase in turnover last year
Factoring service providers achieved a 22 percent increase in turnover in 2021, the Hungarian Factoring Association told MTI on Wednesday. It is explained that the estimated total value of receivables...
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Euro area GDP grew faster than previously estimated
On a quarterly basis, euro area gross domestic product grew at a higher rate than in the preliminary estimate and in the previous quarter, according to a report by Eurostat,...
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The Spanish government would take action against food waste
The Spanish government would legislate against food waste, obliging all actors in the food chain to use and recycle the remaining raw materials and products. Agriculture Minister Luis Planas called...
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The domestic Z generation can also join the fight against counterfeiting
In Hungary, the younger age group mostly buys counterfeits, according to Tárki’s representative research of 2021. And more than half of young Europeans aged 15-24 (52 per cent) said they...
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Helix: New employer approaches are needed globally
The power-centric, past practice of employers has suffered many shocks in the last few years, and the usual system has become essentially unsustainable in the current circumstances, said György Dudás,...
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(HU) Asztal, amitől tátva marad a cateringes szája – A nap videója
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Hungarian young people still buy counterfeit products and consume pirated contents
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(HU) A kávéhoz leginkább illő bögre – A nap képe
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New rules for indicating consumer reviews
On 28 May 2022 new consumer protection rules will become effective in the European Union. The topic of this article is one section of these: the rules for posting consumer...
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First-hand information from market researchers
Nearly 100 participants registered for the online Trade Marketing Club meeting on 7 April. DigInStore TrafikTV sponsored the event, so participants had to pay no fee to discuss the changes...
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Aluminium cans are valuable
Aluminium is one of the most valued recyclable materials, and by recycling it 95% of the energy used in manufacturing new aluminium can be saved. In Hungary more than 1...
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Hungarians sense an inflation rate twice as big as the reported level
According to the official data, consumer prices elevated 9.5% in April 2022 if compared with last April. However, a representative GKI survey (1,000 households) has found that consumer perception is...
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Nutrition labelling: Past, present and future
A research project is about to be launched, with the purpose of learning what shoppers know about the nutrition labelling of food products. At the end of April TÉT Platform...
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“Inno d’Or – Innovation of the Year” awards presented
Trade magazine presented the “Inno d’Or – Innovation of the Year” awards to the winners in Hungexpo’s new Congress Centre on 26 May. Managing director and editor-in-chief Zsuzsanna Hermann welcomed...
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Tobacco shops are the new king of a few FMCG categories
In 2021 FMCG product sales generated HUF 158bn for tobacco shops, and this made this channel the 10th biggest “retail chain” in Hungary. FMCG sales were up HUF 23bn in...
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Digital revolution – retail trends in 2022
Last year retailers finally understood: a strong digital presence is fundamental if they want to be successful. In 2022 they needed to go one step further, as this year special...
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Cooperation for more ethical dietary supplement advertisements
The Hungarian Association of Dietary Supplement Manufacturers and Distributors (MÉKISZ) has signed a cooperation agreement with the Self-regulatory Advertising Board (ÖRT). In accordance with this, in the future ÖRT will conduct...
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