News and articles
Temu and Shein’s aggressive marketing strategy is reshaping the Black Friday market
Temu and Shein’s online marketing campaigns are causing significant difficulties for competing retailers and brands, especially during the Black Friday period. The two fast-growing e-commerce platforms spend huge amounts of...
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Minimum wage increase will push the entire wage scale up in 2025
As the end of the year approaches, employees are also increasingly impatient to see if they can expect a pay rise next year. Pay planning processes are currently underway, and...
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Independence will make employees happy – here’s how we can make them that way
Our priorities are changing: according to MIT research, whether we stay at our jobs or quit is no longer primarily determined by professional and career considerations, i.e. it does not...
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Szaloncukor is getting more expensive: the rise in the price of cocoa beans is also affecting the holiday sweets
The price of szaloncukor which is an essential part of Hungarian Christmas traditions, may increase significantly this year. The popular sweet has been available in stores for weeks, but more...
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Bittersweet
This article is available for reading in Trade magazin 2024/11 “We see a growing trend in the bitter market, where we have been able to achieve growth with our flagship...
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Help arrives where it is needed most through the cooperation of the Hungarian Maltese Charity Service and SPAR
The Hungarian Maltese Charity Service and SPAR Hungary are supporting tens of thousands of people in difficult situations through the cooperation of the Hungarian Maltese Charity Service and SPAR Hungary....
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The use of digital wallets has exploded in Hungary
The use of digital wallets has exploded in popularity. At the beginning of 2024, only 10% of forint transactions on the Hungarian online payment solution Barion platform were made using...
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NAK: 19 Hungarian products took the lead in the world’s most prestigious cheese competition
At the world’s most prestigious cheese competition, the World Cheese Awards held in Portugal, the products of Hungarian small-scale and artisanal cheesemakers received 2 gold, 9 silver and 8 bronze...
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Boci chocolate has changed: smaller size, new recipe, divisive taste
Boci chocolate, which has been an iconic product of the Hungarian confectionery market for many years, has undergone significant changes this year. Not only has its size decreased, but its...
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Opten: The number of companies may drop below half a million
The number of partnerships has been decreasing for two years, decreasing by nearly 23 thousand by October this year, and now barely exceeds half a million. The number of new...
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K&H: young people are more optimistic than a year ago
Young people are more satisfied – this is the overall conclusion of the K&H Youth Index survey, which examined the satisfaction of 19-29 year-olds with their own lives in the...
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PortfoLion acquires Polish e-commerce company
PortfoLion Capital Partners, part of OTP Group, acquires a minority stake in 4FIZJO, a leading e-commerce player in the Polish fitness and physiotherapy market. The transaction aims to support 4FIZJO’s...
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Leaving the negative period behind
According to the data by IWSR, 2.57 million hectolitres of wine and 150,000 hectolitres of champagne and sparkling wine were sold in retail in 2023, representing a decline of 1.8%...
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Hungary’s M&A market is going strong
Hungary’s transaction market has remained active in spite of the geopolitical uncertainties, according to a recent EY Mergers and Acquisitions (M&A) report. This article is available for reading in Trade...
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Food Labels May Fool EU Consumers, New Report Warns
Consumers can easily get lost in a maze of food labels, EU auditors have warned. A new report said food labelling should help people to make informed decisions when buying...
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Unilever to offload The Vegetarian Butcher as it ‘prunes’ portfolio
Unilever has put plant-based meat alternative brand The Vegetarian Butcher up for sale as it looks to “prune” its portfolio of brands. The FMCG giant is understood to be working...
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The SZÉP card will be digitized
According to the ninth point of the New Economic Policy Action Plan, which consists of 21 measures, the government will allow 50 percent of the benefits received on the Széchenyi...
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MOHU is also implementing significant developments in food waste collection
As part of its program to encourage selective waste collection, MOHU will distribute more than one million bins nationwide to residential customers by the end of 2025 in areas where...
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Tesco to open more than 150 convenience stores in next 3 years
Tesco has unveiled plans to open more than 150 Express stores over the next three years as it looks to expand its convenience footprint. The move will create more than...
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Bagázs is preparing for the Christmas season with designer bags by contemporary artists and Roma seamstresses
The Bagázs Association has been working on the issues of Roma people living in settlements for more than a decade, implementing long-term, complex programs that contribute to helping children and...
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GKI: Deteriorating confidence indices and economic outlook in Hungary
In November, both businesses and consumers became more pessimistic about Hungary’s economic outlook, according to a survey conducted by the GKI Economic Research Institute. The GKI business confidence index fell...
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Arabica coffee price hits 47-year high
The futures price of arabica coffee has reached a 47-year high, climbing to $3.08 per pound, as reported by Portfolio. The last time prices were this high was in 1977....
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László Parragh also steps down as head of KAVOSZ
László Parragh had to leave the leadership of the Hungarian Chamber of Commerce and Industry (MKIK) as well as KAVOSZ – Világgazdaság has learned. Following Monday’s reshuffle, Ádám Balogh, the...
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Tesco publishes its Diversity, Equality and Inclusion Report
This is the fourth time Tesco has transparently outlined what it is doing to be a truly inclusive workplace. The company aims to create a single ecosystem that connects its...
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The Hungarian Maltese Charity Service collects personalized Christmas gifts for children in need
The Hungarian Maltese Charity Service will fulfill the personal wishes of children living in the poorest small settlements this Christmas. The charitable organization collected the children’s requests in 89 disadvantaged...
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The 2024 Pro Gastronomia Awards have been presented
This year’s Pro Gastronomia awards have been presented. The award, established by Dr. Dénes Sándor in 2018, is given to individuals who have made outstanding achievements in domestic and international...
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The new consumer protection authority will strive to ensure market balance
The National Trade and Consumer Protection Authority (NKFH), which will be established on January 1, will strive to ensure market balance between businesses and consumers, said the Deputy State Secretary...
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Lidl’s latest sports partnership: Women’s Handball European Championship 2024
Lidl will be the official fresh food partner of the Women’s European Handball Championship for the second time, supporting freshness and conscious nutrition. Lidl will be the official fresh food...
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Change in the management of Rossmann Hungary: László Flórián leaves
On November 21, 2024, the employment of László Flórián, the Managing Director responsible for operational areas of Rossmann Hungary, was terminated. Flórián worked for the company for nearly 13 years,...
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Frozen food brands face the challenge
During the COVID period demand for frozen food increased, but then came the hike in electricity prices from the summer of 2022, which made many retailers cut their refrigeration capacity...
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