News and articles
This year’s asparagus season started earlier than usual
Thanks to the sudden warming, this spring asparagus picking started three weeks earlier than usual in domestic gardens. According to the joint market overview of the National Chamber of Agriculture and...
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Burger King Germany makes plant-based meals cheaper than meat
In Germany Burger King has slashed the price of all its plant-based menus by 10 cents, making them cheaper than the restaurant chain’s meat-based options. This article is available for...
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Another 3-4 years until recovery
At the Trade Marketing Klub’s “From market researchers first-hand” online event, experts analyzed the past 15 months. Price increases, volume decreases, promotional focus and shifts towards private labels and their...
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GVH: Annual food inflation practically dropped to zero in March
Food inflation measured on an annual basis was 0.7 percent in March 2024, according to data published by the Central Statistical Office (KSH) on Thursday morning. Accordingly, food prices have...
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MNB: both inflation and core inflation were in the middle of the central bank’s March forecast band
Both inflation and core inflation were in the middle of the forecast range of the central bank’s March Inflation Report – stated the analysis of the Hungarian National Bank’s March...
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KSH: in March, consumer prices increased by 3.6 percent on average compared to the same month of the previous year
In March 2024, consumer prices were on average 3.6 percent higher than a year earlier. Compared to February, prices rose by an average of 0.8 percent, telephone and internet services...
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Márton Nagy: inflation collapsed and remained low
Based on the latest data from the Central Statistical Office (KSH), the rate of inflation continued to melt in March 2024, after 3.8 percent in January and 3.7 percent in...
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Dr. Tamás Kozák: the retail tax took away the profit of the shops
The new general secretary of the National Trade Association (OKSZ), Dr. Tamás Kozák, participated for the first time as a professional speaker at the Pénzcentrum RETAIL DAY 2024 conference. In...
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212 million SPAR investment – a new supermarket opened in downtown Békéscsaba
With an investment of HUF 212 million, SPAR Magyarország opened a new supermarket in Békéscsaba, Andrássy út 3-5. at no., on the site of a former commercial establishment. Through the...
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What is double materiality in ESG?
Based on the Sustainability Act (Act No. 108 of 2023) and the EU CSRD (Corporate Sustainability Reporting Directive) adopted in December, large companies must conduct a double materiality assessment that...
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Domestic small shops are the big losers from mandatory card payments
Adapting to new government regulations is a serious challenge for domestic traders, especially due to rapidly changing regulations. This was reported by Katalin Neubauer, the secretary general of the Hungarian...
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Márton Nagy negotiated with representatives of the 13 fastest growing domestic companies
On Thursday, Minister of National Economy Márton Nagy received in his office the senior managers of the 13 domestic companies that are among the fastest growing economic companies in Europe...
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The European Parliament has adopted new rules for consumer information for certain foods
The European Parliament (EP) has accepted the amendment of the “breakfast directives”, the EP announced. According to a statement from the Hungarian Liaison Office of the EP, the aim of...
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Lidl talked about is sustainability efforts at Fruit Logistica
The Fruit Logistica conference in Berlin provided an important forum for trading companies to present their sustainability measures and commitment to fair trade. Lidl representatives Hannes Langhorst and Vishal Gajjar...
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Temu has withdrawn from its aggressive marketing strategy
In recent months, significant changes have taken place in the marketing strategy of the Chinese online store Temu, the impact of which can be felt both on the company’s advertising...
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Medicines, yes, but we don’t look for healing on the Internet
In the case of a health complaint they have not experienced before, according to their own admission, patients mostly find out about treatment options in person or over the phone,...
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The government decided on a five-point package of agricultural measures
The government decided on a five-point package of measures due to the situation in European agriculture – Minister of Agriculture István Nagy announced on Kormányinfo on Thursday. (Photo: AM/István Fekete)...
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In March, annual inflation slowed to 6.6 percent in Romania
Annual inflation in Romania slowed to 6.6 percent in March from 7.2 percent in February, the National Statistical Institute (INS) announced on Thursday. In March, the price of services was...
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Corn sowing begins in Zala County
In the middle of April, corn, sunflower and soybeans are sown in Zala County. The planned sowing area of corn is almost 30,000 hectares, and that of sunflower exceeds 5,000...
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In China, consumer prices rose less than expected in March
Consumer prices in China increased by 0.1 percent in March on an annual basis, the statistics office of the Asian country announced on Thursday. Analysts expected a larger increase of...
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Green gastronomy: what could be the recipe for sustainable success?
At the SIRHA Budapest 2024 trade fair, the HoReCa and Event Chapter and the Green Chapter of the Hungarian Marketing Association (MMSZ) jointly organised a marketing communication workshop, where the...
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Starting this summer, domestic food industry entrepreneurs can apply for HUF 200 billion in non-refundable subsidies
The economic government allocates resources worth HUF 480 billion for food industry developments within the framework of the Common Agricultural Policy (KAP) Strategic Plan.In many respects, the related tenders published...
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Wastewater treatment plants effectively remove microplastics – survey
Wastewater treatment plants remove microplastics with high efficiency, despite the fact that they were not designed to solve such problems – it was revealed during a survey of several domestic...
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Several chamber farmers help with the submission of uniform applications
Calling up EU agricultural subsidies involves more and more administrative tasks. In order to be able to support its members effectively, the National Chamber of Agriculture (NAK) has expanded its...
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Agrometeorology: still summer weather, followed by cooling and precipitation is expected over the weekend
After the summer-like hot and dry weather at the beginning of April, a significant cooling and more or less precipitation is expected next week, which would be greatly needed especially...
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Food-inspired hair dye: Actress Julia Fox backs novel Velveeta Gold hair color launch
Kraft Heinz unveils its first hair dye, Velveeta Gold, which resembles its “iconic” yellow-hued cheese. To launch the limited-edition, semi-permanent hair dye, Velveeta partners with actress Julia Fox, known for...
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The parliamentary debate on agrarian laws has begun
The main goal of the draft law is to increase the competitiveness of the Hungarian agricultural sector, reduce administrative burdens and promote the uniform application of the law – summed...
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Aldi US doubles down on EDLP price promise
Aldi Süd in the USA highlights the low-price appeal of its discount model. The retailer especially emphasizes the simplicity and inclusiveness of its EDLP strategy. The discounter challenges the paid...
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The United States has the Highest Ecommerce Penetration Rate
According to data presented by Stocklytics.com, the United States has the highest ecommerce penetration rate in the world of 87%, much more than any other country. Although in-person shopping is...
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