Market News
A Brexit test is being held for freighters on the French-British border
“Brexit test” on freight vehicles takes place in the northern French port city of Calais on the French-British border – French budget minister Gérald Darmanin announced on Friday. The two-month...
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Shoppers like mobile messaging apps
According to a recent study conducted by Kenshoo in the UK and France, 51 percent of messaging app users thinks reading messages is faster than verbal communication. 48 percent of...
Read moreWorld food prices slide marginally in July
Global food commodity prices saw a slight decline in July, led by lower prices for some cereals, dairy and sugar, more than offsetting firmer prices for meat and oils. The...
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Generation Z has two faces
A study conducted by IBM and the National Retail Federation (NRF) found that the so-called Generation Z – consumers born in the 1990s and early 2000s – will consist of...
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Nielsen: gluten-free life for 80 billion a year
Gluten-free foods accounted for 4 percent of the total value-added domestic retail trade turnover between July 2018 and June 2019, which amounts to nearly 80 billion HUF. Among other things,...
Read moreNagy István: agriculture will be able to produce more safely and competitively next year
The expanding agriculture budget will allow safer and more competitive production in 2019, the agriculture minister said at a press conference in Budapest on Thursday. Nagy István stressed that from...
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The turnover of the packaging industry increased
The packaging industry had a turnover of about 630 billion HUF in the Hungarian market last year, an increase of nearly 9 percent, compared to the base year of 2017...
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The Catch it! mobile application encourages fish consumption
The Ministry Agriculture has introduced the “Catch it!” campaign, a mobile application that users can download for free – the Agricultural Marketing Center told MTI. Downloaders of the app can...
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Investments increased by 18.8 percent in the second quarter
In the second quarter, the dynamic expansion of national investments continued throughout the year. The volume of developments was 18.8 percent above last year’s level of 16.2 percent – the...
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The Nébih has prepared a guide to reduce food waste
The National Food Chain Safety Authority (Nébih) compiled a guide to help prevent and reduce food waste. According to a statement, the guides can be downloaded for free for the...
Read moreGerman GDP decreased in the second quarter
German gross domestic product declined in the second quarter compared to the previous quarter – according to a communication released on Tuesday by Destatis, the German Federal Bureau of Statistics....
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The euro area economic sentiment index improved in August
Economic sentiment in the euro area improved in August, but worsened in the European Union, according to a report released by the European Commission’s Directorate General for Economic and Financial...
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Agricultural output reached 2,720 billion HUF last year
Agricultural production has grown spectacularly in recent years, with output of the sector reaching 2,720 billion HUF in 2018 and only 1,686 billion HUF in 2010, making Hungary the strongest...
Read moreNagy István: Digital Agriculture Strategy means a change of era in agriculture
The development of Hungary’s Digital Agricultural Strategy (DAS) will mark a turning point, and the measures contained therein will promote the digitalisation of Hungarian agriculture and increase its competitiveness –...
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The number of employees continued to increase
During the three-month period of May-July, the average number of employees was 4 million 518 thousand, 34 thousand, or 0.8 percent more than a year before. The employment rate of...
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A sustainable water future depends on saving water and reducing water pollution
The Earth’s population is growing drastically while we have been use the same amount of water since the planet was created. Therefore, in addition to sparing water use, it is...
Read moreGfK’s German consumer sentiment index stagnated
Instead of the expected decline, the Nuremberg-based GfK Economics Research Institute’s consumer sentiment index stagnated in September in Germany, while consumer income and economic expectations declined and willingness to buy...
Read moreConsumer confidence in the United States weakened slightly in August
Consumer confidence weakened slightly in August in the United States. The Conference Board nonprofit Economic Research Institute announced on Tuesday that the consumer confidence index has dropped from the 135.8...
Read moreMore than two thirds of the Czechs are satisfied with their standard of living
More than two-thirds, 68 percent, of the Czech population are more or less satisfied with their current standard of living, according to a July poll released in Prague on Wednesday....
Read moreWorldwide smartphone traffic has declined
Global smartphone sales decreased in the second quarter, according to the Gartner market research firm. According to Gartner’s records, global smartphone sales decreased by 1.7 percent in the second quarter...
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Blurred lines between physical and digital shopping experiences
Global non-profit trade association SHOP! prepared a study on the most important retail trends of 2016. According to them, there are five important trends which shape the retail market today:...
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Pigeon grey is trendy
Bedrock Kft. distributes hair care product lines and among these we find Joanna – one of the biggest Polish cosmetics brands. Sales of the Joanna Naturia Color hair dye augmented...
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A survey will begin on our wine consumption habits
The Borháló Borkereskedés (Wine Net Wine Shop) launches a comprehensive online survey on wine the purchasing and wine consumption habits of the Hungarian buyers called WE DRINK WINE TOGETHER 2019...
Read moreThis year the sweet corn crop may be lower than average
Due to extreme weather this year, sweet corn production may fall slightly short of the 500,000 tonne average of the recent years, while purchase prices are rising – according to...
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73 percent of working youth expect a pay raise in the next year, according to a survey
73 percent of working youth expect a salary increase next year. Their majority, 54 percent of them expect a rise under inflation and 19 percent a rise above inflation -according...
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NAV can block food vending machines if someone does not pay the surveillance fee
The tax authority can block the automatic monitoring unit (AFE) of food dispensers, the monitoring service of which is terminated by Magyar Posta – the National Tax and Customs Administration...
Read moreBeekeepers’ Association: beekeepers can apply for the support of the ministry by the end of August
By the end of August, beekeepers will be able to apply for 600 million worth of support from the agricultural ministry – the president of the National Hungarian Beekeeping Association...
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Employment Service: the number of jobseekers drop annually in July
The number of jobseekers declined by 3.7 percent in July compared to the same period of the previous year, and by 0.2 percent, compared to June. At the end of...
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All about lactose sensitivity
Have you ever felt uncomfortable drinking a large mug of milk coffee or eating a bowl of milk custard? You’re not alone! “In Hungary nearly the third of the adult...
Read moreClimate change provides both tasks and opportunities for the economy
Climate change gives not only an additional task, but also opportunities for businesses and the economy in general – OTP Bank says in an analysis based on research by the...
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