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Hospitality fell by a quarter in April
In the takeaway period of April, when it was no longer possible to sit in, the hosts failed three-quarters of the previous spending. The takeaway helped so much that at...
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Global food markets still brace for uncertainty in 2020/21 because of COVID-19 says FAO
Food markets will face many more months of uncertainty due to COVID-19, but the agri-food sector is likely to show more resilience to the pandemic crisis than other sectors, according...
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The FMCG retailer ranking for 2019 is out – Lidl takes the second place behind Tesco
Every year Trade magazin publishes the FMCG retailer ranking of the previous year in the first days of June. The biggest surprise in the 2019 ranking is that Lidl climbed...
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Return of instore promotions
Promotions are loved by shoppers. The events of recent months, the panic stocking up, out of stocks, the expansion of the sales area due to the social distancing, the time...
Read moreAt the peak of the exit restriction, the turnover of beer increased by one-fifth
In the “high season” of the curfew, ie in March-April 2020, the domestic retail turnover of beer exceeded 25 billion HUF, which represents an increase of 18 percent in value...
Read moreFruitVeB: this year’s cherry crop will be poor
Due to the spring frosts and drought, this year’s cherry harvest will be significantly lower, and the consumer price may be up to 20-30 percent higher than the average of...
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The rise in the price of food is pulling down the shopkeeper’s balance
According to checkout data, we left 6.3% less money in store cash registers in May than a year earlier. Thus, with a 10% decline in volume, April was the low...
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Global per capita global fish consumption set a record
Global per capita global fish consumption (20.5 kilograms) set a record last year and the positive trend seems to continue in the decade ahead, highlighting the prominent role of fish...
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The crisis constructions of the Széchenyi Card Program are changing
The crisis constructions of the Széchenyi Card Program will be modified at three points. The Széchenyi Card Overdraft Plus and the Széchenyi Card Job Retention Loan will continue to be...
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This crisis will be different – A comparison of the crisis caused by the coronavirus with the global economic crisis
The coronavirus epidemic is now on the verge of being over and some positive signs are already being seen. In China, for example, there are hardly any new infections and...
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The OECD expects the strongest economic downturn in peacetime in the last century
The world economy will suffer its strongest decline in peacetime this year as a result of the coronavirus pandemic, before returning to a growth trajectory next year, according to the...
Read moreLondon analysts: British GDP could fall by 18 percent in April
Analysts in London calculated that gross domestic product (GDP) could fall by 18 percent month-on-month in April due to the economic effects of the coronavirus pandemic. The British Bureau of...
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EU Member States lose 15 billion euros a year due to counterfeiting
Counterfeiting has cost more than 83 billion euros to legitimate producers worldwide, with EU Member States losing 15 billion euros a year between 2013 and 2017 – according to the...
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After seven years of steady growth, a decline in retail
The continuous growth in retail trade, which had lasted for seven years, was interrupted after, according to the Central Statistical Office (CSO), the volume of store sales fell by 10.2...
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Almost a third of SMEs are unaware of the latest billing rule changes
The rules related to invoicing will change from July 1, and Számlázz.hu conducted a representative survey by interviewing SMEs and sole proprietorships. Among other things, the survey found that manual...
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This is what is most expensive among foods
In May 2020, consumer prices were on average 2.2% higher than a year earlier. Over the past year, the prices of food and spirits and tobacco products have risen significantly....
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Henkel joins major global climate advocacy effort
Henkel is among 155 major global companies from 34 sectors, which have signed a statement urging governments around the world to align their COVID-19 economic aid and recovery efforts with...
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US video game sales hit historic high
Total industry consumer spending on video gaming in the U.S. reached a record $10.86 billion in the first quarter of 2020 (January– March), according to the Q1 2020 Games Market...
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Ipsos: people are taking it more easy now
The easing of restrictions will also have an impact on the behavior of the country’s population. Although personal contact, handshakes and travel on public transport are still avoided by the...
Read moreThe curve of rising food prices is flattening
The curve of rising food prices seems to be flattening in June just like the epidemic curve – this is evident from the results of Privátbankár.hu’s latest Price Basket survey....
Read moreKSH: consumer prices rose by 2.2 percent in May
In May, consumer prices were on average 2.2 percent higher than a year before. The more moderate rise in the price of services than last year played the largest role...
Read moreShop spending may increase slightly in 2020
According to the latest KSH data, we left 6.3 percent less money in store cash registers in May than a year earlier. Thus, with a 10 percent decline, April was...
Read moreThe future of home office
During the pandemic, whoever could worked from home, which was a serious challenge for many companies, but even for more workers. Penzcentrum.hu has embarked on a large-scale survey to find...
Read moreSzázadvég: most businesses still expect improvement for this year
The Századvég Gazdaságkutató Economic Researcher asked thousands of managers of small, medium and micro enterprises (SMEs) in recent months about how they perceived the economic situation and how their business...
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Approaching the deadline from July 1, all B2B invoices will be seen by the tax office
An important stage in the whitening of the economy was the fact that from 1 July 2018, the legislator made invoices generated in business-to-business (B2B) transactions with a VAT term...
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KSH: foreign trade deficit was 611 million euros in April
In April, euro-denominated exports fell by 37.9 percent and imports by 28.4 percent from a year earlier, the Central Statistical Office (KSH) reported on Tuesday, according to its first estimate....
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#veddahazait movement helps those in need with domestic parcels
Hungarian Product Nonprofit Ltd. has a special program named “Purchase domestic products! Defend your country! ”, which seeks to overcome economic difficulties and preserve jobs, and has extended its activity...
Read moreFidelity: the New World Economic Order
Fidelity experts believe that the Covid-19 crisis will encourage decision-makers to take a step change, accelerate ongoing trends and reshape investment frameworks. The main features of the new order will...
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