News and articles
Conad Adriatico’s expansion in Albania
Italy’s Conad Adriatico continues its expansion in Albania, opening a new supermarket in the capital city of Tirana. With this move the cooperative’s store number reaches 44 in Albania and...
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KSH: Consumer prices increased by 3.7 percent on average in April compared to the same month of the previous year
In April of this year, consumer prices were on average 3.7 percent higher than a year earlier, the Central Statistical Office (KSH) reported on Friday. Compared to March, prices rose...
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MNB: fuel and food accelerated inflation in April
The annual consumer price index rose by 0.1 percentage point in April compared to the previous month. Fuels contributed 0.3 percentage points and foodstuffs 0.2 percentage points to the increase...
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Márton Nagy: inflation remained at a low level
Based on the latest data from the Central Statistical Office (KSH), in April 2024, in line with the trends of previous months, the rate of inflation remained at a low...
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Beáta Olga Felkai: the population has turned to cheaper food, but this will change
Beáta Olga Felkai, the Deputy Secretary of State at the Ministry of Agriculture, highlighted the substantial changes in consumer habits due to high inflation. In 2022 and 2023, many Hungarians...
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Inflation stood at 3.7% in April
Slightly below our expectations, the annual rate of inflation rose to 3.7% in April. The monthly price change was +0.7%, also slightly below our expectation of 0.8-0.9%. Core inflation moderated,...
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Ice cream trends 2024: new flavors, gluten-free and vegan, packaging adapted to consumption
With the good weather comes the peak season for ice creams. In this category as well, more and more criteria must be met when creating the offer, say Auchan experts....
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The Hungarian Food Business Program has arrived in Rome
After Warsaw and Bucharest, the city of Rome hosted the business meeting of the Agrármarketing Centrum, which was the next stop of the Hungarian Food Business Program. At the two-day...
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Today, the food industry is not “only” a strategic issue, but also a national security issue
Banks play an important role in boosting the Hungarian economy, the rate of which depends on the development of consumption and how long the war in Ukraine will last, said...
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There is no challenger to espresso
Based on data collected in the Hungarian network of OMV Hungária, in 2024, 55 percent of motorists visiting a coffee shop chose espresso, while another 20 percent of guests chose...
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Excellent Strawberry Harvest Expected in Hungary This Year
Béla Mártonffy, the President of the National Chamber of Agricultural Economics’ Horticulture and Supply Industry Section, announced on InfoRadio that Hungary anticipates an excellent strawberry harvest this year. Thanks to...
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There are more and more green stores at Lidl
Lidl Hungary is committed to operating as sustainably as possible and, as a responsible company, is also working to increase the number of its own stores with sustainable certification. The...
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PwC Climate risks report: Key raw materials are at risk
More than 70% of the critical minerals essential for the transition to net-zero energy are threatened by climate change, according to PwC’s climate risk report examining nine important raw materials....
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As a sponsor of MLSZ, Mizo supports the Hungarian national football team
Sports bring people together. Mizo believes that there are more parallels between sports and food than we first think. According to the brand, just like cheering, eating can also provide...
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Budapest Airport Hosts Its Second Wine Competition Showcasing Nearly 300 Hungarian Wines
On May 9th, Budapest Airport held its second annual wine competition, an event aimed at promoting Hungarian viticulture and selecting wines that will represent the airport for the next year....
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OKSZ elected officials and renewed its operations
The National Trade Association held a general meeting yesterday. At the general meeting, the new members of the Supervisory Board were elected and the representative of PENNY-MARKET Kft. was approved...
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SPAR South Africa is targeting both affluent and lower-income shoppers
South African grocery retailers are modifying their strategies to appeal to both affluent and low-income shoppers. While competitors, including the country’s leading grocery retailer Shoprite and Pick’n’Pay have brands that...
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The Lounge Group – Visual Europe Group collected eight awards at the Oscars of event organizers
Drone show, fireworks, world championship, concert, expo and the reception of the head of the universal church – the events of the Lounge Group and the Visual Europe Group belonging...
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Anikó Raisz: There is a huge debate between countries regarding the reduction of food waste and waste
The issues of competitiveness, agriculture and demography will be of particular importance during Hungary’s consecutive EU presidency, said the State Secretary of the Ministry of Energy responsible for the environment...
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One in four consumers buys second-hand goods to protect the environment
Owing to increasing living costs and consumer commitment to a more sustainable lifestyle, today it is no longer a shame to buy second-hand goods or have broken products repaired, according...
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The joint limited shoe collection of Tisza and Azahriah will arrive soon
Tisza shoes has announced that it will launch a new, limited series collection in collaboration with Azahriah, one of Hungary’s most popular performers at the moment. The exclusive TISZA X...
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A Hungarian professional won the “Person of the Year” award at the International Loyalty Awards
Zsuzsa Kecsmár, co-founder and strategic manager of Antavo Loyalty Cloud, won the prestigious “Person of the Year” award this year at the International Loyalty Awards held in Dubai. Held annually,...
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Prices are going up this season at Lake Balaton
According to Pénzcentrum, the pre-season at Lake Balaton is well underway, with many choosing to spend their weekend by the lakeside due to the pleasant weather. With the opening of...
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Five global digital consumer trends
Euromonitor International’s annual report gives an insight into the trends shaping the changing values of digital consumers and how their behaviour is affecting their purchasing motivations and needs. This article...
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European companies do not take advantage of the business opportunities inherent in sustainable operations
The majority of companies are not yet aware of how sustainable operations contribute to business success, according to EY’s recent research with the participation of 200 company managers from 15...
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The number of guests of commercial accommodation increased by ten percent in the first quarter in the Czech Republic
In the first quarter, 4.1 million guests stayed at commercial accommodation in the Czech Republic, which is an increase of 9.9 percent year-on-year. The number of domestic and foreign tourists...
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A new trend is taking hold among businesses
The majority of domestic enterprises are open to cooperation and collaboration and see other companies not only as competitors – this is clear from the K&H survey. The surveyed SMEs...
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Entrepreneurs’ Gala 2024: the food industry is among the priority sectors of the new industrial strategy
Knowledge-intensive sectors will play a major role in the economic policy of the coming years, the Deputy State Secretary responsible for the coordination of strategic affairs of the Prime Minister’s...
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It has been revealed how much the 1949 Tokaji Aszú, which Viktor Orbán gave to the Chinese president, costs
On the occasion of the 75th anniversary of Hungarian-Chinese diplomatic relations, Prime Minister Viktor Orbán presented Chinese President Xi Jinping with a rare 1949 vintage Tokaji Aszú and a six-bottle...
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GKI is more pessimistic than the government about growth, inflation and public finances
GKI hasn’t changed its 2-2.5% growth forecast for 2024. However, it has lowered its inflation forecast to 5.5%. This article is available for reading in Trade magazin 2024/5 The expected...
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