Events
Franc & Franc in 2020 to be postponed
The Villány Wine Region Mountain Council and the Tenkes Wine Region Development Ltd. decided in the current pandemic situation, keeping in mind the safety of the guests, to postpone both...
Read moreGerman GDP soared in the third quarter
Germany’s gross domestic product (GDP) grew at an all-time high of 8.2 percent in the third quarter of this year from the previous three months – the Federal Statistics Office...
Read moreConsumer sentiment improved in October in the United States
Consumer sentiment in the United States improved more than previously estimated in October, according to definitive data from the University of Michigan’s monthly regular survey. According to the final data...
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Amazon’s revenue rises based on Q3 data
Amazon’s advertising revenue rose 51% in Q3 from a year earlier as marketers sought to reach the e-commerce giant’s customers while they shopped online. Amazon’s total revenue gain of 37%...
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KSH: 35,000 less people worked in the third quarter than a year ago
In the three-month period of July-September, the average number of employees was 4,486,000, and the employment rate of those aged 15-64 was 70.2 percent, the Central Statistical Office (KSH) reported...
Read moreIntrum: the European recession is the biggest threat according to Hungarian companies
As a result of the coronavirus pandemic, the recession at European level is considered by Hungarian companies to be the biggest revenue-threatening factor, for which receivables are a growing problem;...
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Physical hourly wages are 11 percent higher than last year
In the third quarter, the average gross hourly wage of skilled and trained manual workers was 1,318, HUF according to an analysis by Trenkwalder, which processes the wage data of...
Read moreThe Payment Point introduced electronic card payment without a POS terminal
The Payment Point (Fizetési Pont) has introduced a new card electronic payment solution in Hungary: with the so-called SoftPOS technology, it is possible to make a credit card purchase transaction...
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Economic sentiment in the euro area and the EU stagnated in October
After a steady improvement since May, economic sentiment stagnated in October in both the euro area and the European Union. According to data posted on the website of the European...
Read moreDIW’s business cycle barometer slowdown indicates economic growth in Germany
With a likely slowdown in post-crisis economic growth, a second wave of the coronavirus epidemic in Germany has arrived on the basis of a business cycle barometer from the DIW...
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Walmart launches new test stores
Walmart has two test stores up and running with two more set to open aimed at quickly experimenting with omnichannel technology and processes. As Walmart keeps trying to grow its...
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Magazine: From this year the best stores can use the StarStore logo!
In Trade magazin’s 2020 StarStore (in former years: SuperStore) competition there were 18 entries and for the first time hospitality units also had the chance to compete, in the gastro...
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International Conference on Misleading Advertisings
On 6 November 2020, for the eighth time, an English-language conference will be organized by the Pázmány Péter Catholic University JÁK Competition Law Research Center to present current issues of...
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No more fake reviews
Fines for mischief in several countries will jump. Cheekiness (forgiveness, dishonesty) is also punished. There will be a ranking rule as well. The search for goods cannot be a false...
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CAP: Europe turns green
The new cycle of the Common Agricultural Policy can bring significant changes, with a focus on sustainability measures, such as Biodiversity and the Farm-to-Table strategy. At the same time, the...
Read moreCooperation with the East is a common interest
Matolcsy György, central bank president praised the policy of opening up to the East and emphasized the common interest in deepening Eastern cooperation at the online conference entitled Budapest Eurasia...
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Large domestic companies remain pessimistic
Domestic companies remain pessimistic. The value of the K&H corporate growth index has not changed compared to the previous quarter, and is currently at -2 points. Companies see their own...
Read moreThis is how to upgrade boring snacks!
School children and their parents are beyond an extraordinary period, as after an absence of nearly six months, they had to find their way back to everyday life. Keep an...
Read moreConsumer confidence deteriorated in the United States in October
Instead of the improvement expected by analysts, consumer confidence in the US economy deteriorated in October, mainly due to another wave of the coronavirus pandemic, which led to an increase...
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Orbit helps dating
Orbit has created a “Parent Sitter Pack” to help ease dating for millennials who have moved back home with their parents. The effort seeks to “babysit” parents so they will...
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Magazine: A greater focus on wine
Trade magazine asked wine retailers about the quality of Hungarian wines and recent trends in the domestic wine market. Lidl is proud of its unique wine range including affordable Hungarian...
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The number of job seekers is constantly declining
Thanks to government measures, the number of jobseekers is steadily declining, falling to close to 300,000 in recent days, the Secretary of State for Employment Policy of the Ministry of...
Read moreVarga Mihály: The Ministry of Finance is working on a proposal to help financial reorganization and growth
The ministry is working to regain the country’s growth momentum, and a proposal for financial reorganization is being developed, Minister of Finance Varga Mihály said at his annual hearing on...
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Media consumption in the light of motivations
With the help of Ipsos, Atmedia, a multimedia trading house, conducted qualitative research on various consumer insights related to media types. The research was conducted during the curfew restriction period,...
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Huge amounts of elderberry can be found in Hungary
It is native to many parts of the world, but only in and around Hungary is it grown in large quantities, from which tea, syrup, but even special wine is...
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With the toy market growing this year as well, the holiday season can boost it even more
While this year’s Christmas season will be quite special around the world, toy manufacturers and retailers aren’t discouraged: they’re expecting big revenue in the final months of the year. The...
Read moreMinister of Agriculture: Hungarian farmers have successfully coped with the difficulties
Hungarian farmers were able to cope with the extraordinary natural and environmental conditions – the Minister of Agriculture said at his annual hearing before the Parliamentary Committee on Agriculture on...
Read moreGrowth in the Conference Board’s U.S. macroeconomic index slowed as expected in September
As expected by analysts, the growth of the Conference Board Institute for Economic Research’s forecast of U.S. macroeconomic developments for 3-6 months slowed in September. The institute said the Leading...
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