Market News
World Poultry Day: May 10th is a celebration of the poultry industry
On May 10, the poultry industry celebrates World Poultry Day on Hungarian initiative, the purpose of which is to focus attention on the actors of the poultry sector. Nowadays, poultry...
Read more
NGM: the weakness of the export markets continues to worsen the performance of the industry
Based on the data of the Central Statistical Office, in March 2024, according to calendar-adjusted data, the volume of industrial production decreased by 2.8 percent compared to the previous year....
Read more
By establishing a working group, NAK supports the development of the market for exempt products
The special professional activities of the National Chamber of Agriculture have been expanded, and the working group for “Free” products has been established, the purpose of which is to provide...
Read more
About sustainable lifestyle in a playful way: New tasks have been added to the popular educational program, and a record number of solutions have been received
New, playful tasks have been added to the highly successful educational program of Nestlé for Healthier Children and the Smart Box, Etesd az Eszedet, which not only helps children learn...
Read more
EXIM: contracts have already been concluded for more than 90 percent of the additional resources of 200 billion within the framework of the Gábor Baross Credit Program
The interest in loan products offered with even more favorable financing conditions than before, now exclusively for investment purposes, was extraordinary, and the entire amount was exhausted within a month....
Read more
Great skin in winter and summer
Values sales were up 17.5% in the body lotion category over the past year and volume sales grew by 21%. The former was mainly the result of price increases in...
Read more
Automatic labor advance becomes available
MagNet Faktor in partnership with Kulcs-Soft provides a new service called Automatic Labor Advance System (AMBER). With the help of the new solution, employees of companies that use payroll software...
Read more
Sport as a marketing supertool
Over the years sport has become a top marketing tool, used by companies around the world to increase their brand equities, communicate their messages and reach their target groups. Sports...
Read more
Ikea launches AI-based interior design assistant
You can now use ChatGPT to design an Ikea interior. The furniture store chain has launched its own AI-based assistant, which not only helps you design your kitchen but also...
Read more
In the first quarter, retail sales in Romania increased by 6.4 percent
In the first quarter, based on raw data, retail sales in Romania increased by 6.4 percent year-on-year, the National Institute of Statistics (INS) announced. The turnover of non-food products increased...
Read more
K&H: saving is the basis of independence
56 percent of young people between the ages of 14 and 18 have some monetary savings, an average of HUF 143,000. Vocational school students and 18-year-olds put most of them...
Read more
What motivates student workers?
The opportunity to earn money is the most important motivation in the lives of students who take up work, the vast majority of whom have already heard, worked or are...
Read more
Pingo Doce to open 50 new in-store restaurants
Pingo Doce is looking to differentiate itself in the more and more competitive Portuguese market by expanding its foodservice offering. The retailer plans to open 50 in-store restaurants this year,...
Read more
This year’s defense season got off to a busy start for the national ice damage mitigation system
Already in the first week of this protection season, the National Ice Damage Mitigation System (JÉGER) operated by the National Chamber of Agriculture proved itself. During the two weeks between...
Read more
Let’s keep water in the landscape!
The network of village farmers of the National Chamber of Agrarian Economy conducted a national survey in March, the purpose of which is to find out the willingness of farmers...
Read more
The first results of the European farmers’ demonstrations were born
As a result of the cooperation of farmers at the European level, the European Commission has reconsidered the provisions of the Common Agricultural Policy in some areas. Thanks to the...
Read more
Pet Owners Spent More Than €182bn Worldwide Last Year
Pet owners spent €182.7 billion on their pets last year – a 6% increase on the previous year – on a global level, despite the challenging economic climate. In addition,...
Read more
European agriculture is under pressure from green ideology
European agriculture has never been under such a degree of pressure from green ideology – the Minister of Agriculture declared on Tuesday in M1’s program Ma reggel. István Nagy believed...
Read more
Tesco tests hyper-personalisation with Eagle Eye
Tesco is planning a hyper-personalised loyalty programme promotion for selected members of its Clubcard with technology company Eagle Eye. The collaboration with Eagle Eye on this is initially limited to...
Read more
Nestlé signs India venture with pharma group Dr Reddy’s
The Swiss giant’s Indian arm will initially hold a minority stake in the new business. Nestlé’s Indian arm has entered into a venture with pharma group Dr Reddy’s Laboratories to...
Read more
The Hungarian agriculture and food industry is based on healthy GMO-free plants
Agricultural production, the food industry and nutrition science go hand in hand, the developments, challenges and expectations of each segment influence each other, said Dr. Beáta Olga Felkai, Deputy State...
Read more
Nébih: the State Fisheries Service prevented the planting of invasive fish species
The State Fisheries Service of the National Food Chain Safety Office (Nébih ÁHSZ) has already banned the planting of invasive fish species, such as silver crucian carp, in two cases...
Read more
Poultry imports decreased by 21 percent
According to data from the European Commission, the EU’s (EU27) poultry meat exports increased by 17 percent to 171,000 tons in January 2024 compared to the same month of the...
Read more
KSH: retail turnover increased by 4.2 percent compared to the same period of the previous year, and by 2.0 percent compared to the previous month
According to raw data, the volume of retail sales in March increased by 3.6 percent compared to the same period of the previous year, adjusted for calendar effects, by 4.2...
Read more
Significant increase in retail trade – sector outlook
In March, retail sales volume increased significantly by 2% compared to the previous month, according to both seasonally and calendar-adjusted data. The trend is positive, however, business cycle indices suggest...
Read more
NGM: the recovery of consumption is becoming more and more dynamic, retail turnover increased by 4.2 percent in March, which means that consumption has increased for three consecutive months
Based on the latest data from the Central Statistical Office (KSH), the volume of retail trade increased by 4.2 percent in March 2024 compared to the same period of the...
Read more
GKID-Mastercard: the momentum of domestic e-commerce seems to be running out, while Chinese webshops are also conquering Hungary
The GKID-Mastercard Digital Commerce Survey reveals a challenging landscape for domestic e-commerce in Hungary as global competition intensifies. The 2024 edition of the report underscores the slowing momentum in the...
Read more
Retail sales increased in the euro area and the EU in March
Retail sales in the euro area and the European Union increased in both monthly and annual comparisons in March. According to data published on Tuesday by Eurostat, the statistical office...
Read more
AM: Hungary continues to strive for close cooperation with the FAO
Hungary continues to strive for close cooperation with the FAO, the Ministry of Agriculture (AM) told MTI on Tuesday. According to the announcement, Minister of Agriculture István Nagy, who received...
Read more
A fifth of Hungarian online shoppers are still careless
Almost three-quarters of the Hungarian population regularly buys and pays online (69 percent), and almost everyone (97 percent) is aware of the associated risks. Four-fifths of those surveyed use at...
Read more