Market News
OECD: Food price inflation fell sharply in most countries
The Paris-based Organization for Economic Cooperation and Development, the OECD, slightly improved its global growth forecast for this year and next year compared to its previous estimate from February. According...
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MBH Bank: Growth may accelerate in the second half of the year, next year GDP may increase by 3.7 percent
The outlook for the Hungarian economy is stable, so thanks to the expected upswing in consumption, industrial production, trade and hospitality from the second half of the year, GDP growth...
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Competing kitchen rolls
Last year was a difficult one for the paper towel category too. NIQ data shows that although the market expanded by 16.2% in value, it contracted by 11.7% in volume....
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eMAG and Alza received a serious challenger in the field of e-commerce
Pepita Group Zrt., the owner of the online store Pepita.hu, achieved significant growth in the first quarter of 2023, both domestically and internationally. The company’s gross turnover increased by 30%...
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Ice cream brands are waiting for the end of the ice age
Ice cream’s “troubles” started with the energy crisis of 2022, with many stores reacting by cutting their refrigeration capacity. At the same time ice-creams have benefited from the sharp rise...
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BMI: Slower expansion in April
The seasonally adjusted April value of the Purchasing Manager Index (BMI): 51.8. Compared with the previous April values, this year’s value is lower than the long-term average for this month...
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X5 Group introduces robotic automation solutions in distribution centres
Russia’s X5 Group has launched a series of robotics projects in its distribution centres, as it seeks to optimise its logistics processes, increase workforce productivity, cut infrastructure costs, and improve...
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Milk and dairy product alternatives optimised for healthy nutrition
This article is available for reading in Trade magazin 2024/5 “The number of people living with food intolerances is increasing year by year, strengthening the need for sugar-, lactose- and...
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7-Eleven teams up with Meituan to trial drone delivery
Global convenience store chain 7-Eleven announced that it has partnered with Chinese food delivery platform Meituan to trial drone delivery in Shenzhen, Guangdong. This is the first time the Japanese-owned...
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PepsiCo sells interest in Serbian soft-drinks group Knjaz Miloš
Czech soft-drinks supplier Mattoni 1873 has acquired full control of Knjaz Miloš. Mattoni 1873, the Czech soft-drinks business, has bought sole control of Serbian peer Knjaz Miloš after acquiring PepsiCo’s...
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Nébih revealed serious food safety and hygiene deficiencies in a restaurant in the capital
The inspectors of the National Food Chain Safety Office (Nébih) in Budapest experienced hygiene problems posing a serious food safety risk, a II. during an inspection of a restaurant in...
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Euro zone inflation was 2.4 percent in April as well after March
In line with analysts’ expectations, annual inflation in the euro area was 2.4 percent in April after March, according to preliminary data published on Tuesday by Eurostat, the statistical office...
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Gergely Suppan: the recession is clearly over in Hungary
The recession is clearly over in Hungary, from now on the only question is the rate of growth – said the leading economist of the Ministry of National Economy (NGM)...
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K&H: the inflation anomaly is clearly visible, but customers perceive it differently
Although inflation has slowed down a lot, according to the recent results of K&H’s secure future survey, middle-aged people do not really perceive this, as they felt the annual rate...
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The domestic economy grew by 1.1% in the first quarter
In the first quarter of this year, the performance of the economy increased by 0.8% compared to the previous quarter, according to adjusted data, which is more favorable than our...
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Mihály Varga: the Hungarian economy is back on the growth track
The Hungarian economy returned to the growth path in the first three months of the year, GDP increased by 1.7 percent on an annual basis and by 0.8 percent compared...
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MFB: you can now apply for the interest-free, EU-funded investment loan
From Tuesday, enterprises can apply for the interest-free investment loan from EU sources, up to a maximum value of HUF 100 million – the Hungarian Development Bank (MFB), which runs...
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NGM: the performance of the tourism sector is growing dynamically
The performance of the tourism sector is growing dynamically, the number of guests and guest nights also increased significantly in March – the Ministry of National Economy (NGM) told MTI...
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German retail sales increased in March
Germany’s retail turnover increased more than expected in March compared to the previous month, according to the Tuesday report of the German Federal Statistical Office, Destatis. In March, based on...
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KSH: industrial producer prices decreased by 3.0 percent in March 2024 compared to a year earlier
In March 2024, industrial producer prices decreased by 3.0 percent compared to a year earlier, and were essentially unchanged (+0.1 percent) compared to the previous month, the Central Statistical Office...
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By the second half of April, Hungarian strawberries are competitively priced with imports
In mid-March, the price of Greek imported strawberries was around HUF 2,000 per kilogram in Budapest markets, while Hungarian-grown strawberries could cost up to HUF 8,000 per kilogram. The Hungarian...
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Our domestic wildlife is our unique national treasure
Preservation of our created world is our common duty, and the order of nature cannot be broken, which is why responsible and conscious wildlife management plays an extremely important role...
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You need to know this about vitamins
Recent studies suggest that the effectiveness of dietary supplements can be enhanced by considering the ideal time of consumption. Experts recommend taking vitamin C in the morning to avoid sleep...
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Gluten-free – new flavours, new possibilities
The once limited choice of gluten-free products has now expanded to a large and diverse selection, including breads, pastas, snacks, cakes and many other foods that were previously difficult to...
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Iced coffee quickly bounced back
The drop in iced coffee sales had already been noticeable in the last 4 months of 2022, and the trends continued for the better part of 2023. This article is...
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Morrisons eggs certified as carbon-neutral
Morrisons has obtained the Better For Our Planet carbon-neutral certification for its egg from the British Standards Institution (BSI). The product has been awarded the BSI Kitemark certification following rigorous...
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The producer price of wheat is 21 percent lower than a year ago
According to Tallage’s information in April, the spot market price of 12.5 percent protein milling wheat in Germany (FOB Hamburg) increased by $23 to $264/ton between March 6 and April...
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There are many old people and few women in domestic agriculture
A third of agricultural managers are already 65 years old or older, and only 3 out of 10 are women. The age group is getting older, and the gender ratio...
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Edeka builds a recyclable supermarket
Germany’s leading supermarket chain Edeka is building a new store in Braunschweig using the sustainable “Triqbriq wood construction system”. This is the first time this system has been used in...
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NRF: Mother’s Day spending estimated to reach $33.5 billion
According to new survey data from the National Retail Federation (NRF) and Prosper insights & Analytics, consumers are expected to spend $33.5 billion on the holiday, which falls on May...
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