News and articles
KSH: in February, retail turnover increased by 1.1 percent compared to the same period of the previous year
In February, according to raw data, the turnover volume of retail trade increased by 4.6 percent, adjusted for the calendar effect (and solar eclipse effect), by 1.1 percent compared to...
Read more
It will soon become clear whether the mandatory actions made sense
In the next few days, a number of important economic data will be published in Hungary. On Tuesday, a quick information on the situation of the central subsystem of the...
Read more
NGM: the recovery of consumption continued in February, on an annual basis, retail sales increased for the second month running
Based on the latest data from the Central Statistical Office, the volume of retail trade in February 2024 increased by 4.6 percent according to raw data and 1.1 percent according...
Read more
FAO Cereal Supply and Demand Brief
FAO’s forecast for world cereal production in 2023/24 has been raised marginally and now stands at 2 841 million tonnes, marking a 1.1 percent (32 million tonnes) rise from the previous year’s level....
Read more
The Secretary General of the National Trade Association spoke about the expansion of the Russian Mere in Hungary
Many people were surprised that, according to a news from early April, the Siberian Mere store chain would open 200 stores in Hungary in three years, for which it is...
Read more
Meat prices rose in the EU, except for poultry
In February 2024, meat prices in the European Union generally rose compared to the previous year, with the exception of poultry meat, which became cheaper by 1.6 percent. The biggest...
Read more
Retail sales decreased in the euro area and the EU in February
Retail turnover in the euro area and the EU decreased in February, both monthly and year-on-year. The statistical office of the European Union, Eurostat, announced on Friday that in February,...
Read more
István Nagy: Pálinka is one of the trademarks of national feelings
Pálinka is one of the trademarks of Hungarians, it has been a true national treasure for centuries, it connects us in the storms of history and unites the nation, said...
Read more
The new horticulture and food industry investment tender calls can be reviewed
Based on the Strategic Plan of Hungary’s Common Agrarian Policy (KAP), the social consultation of the new rural development investment tenders has begun – announced Zsolt Feldman, State Secretary for...
Read more
You can now vote for the recipe of Ország Sörén
The national online voting has started, where the Hungarian beer fans can decide on what kind of completely unique and newly created recipe the Ország Söre should be made, and...
Read more
Large companies are counting on last year’s income this year as well
The upward trend of a year ago has been broken, the expected increase in sales revenue of large companies has fallen, while a decrease in profit is still expected, according...
Read more
European strawberry prices have fallen sharply, which also affects the Hungarian market
Polish and Spanish strawberry prices continue to fall and reach lows this season. Prices fell again over the Easter period and, although the pace has moderated, further falls are expected....
Read more
Lidl’s private label bicycle helmet is a success
The German Automobile Club (ADAC) and Stiftung Warentest tested 14 bicycle helmets, taking into account safety, comfort, handling and pollutant content. Prices ranged from €15 to €149, and it was...
Read more
In the Czech Republic, the growth of retail sales moderated
In an annual comparison, the growth of retail sales in the Czech Republic decreased to 1.6 percent in February from 3.2 percent in January, the Czech Statistical Office announced on...
Read more
The country is voting: the Beer of the Country is being prepared, the National Tap Order is coming!
The national online voting started today, where beer fans can decide which, completely unique and newly created recipe, should be used to make Ország Søre, and they can also vote...
Read more
Biedronka reduces the sugar, salt and fat content of private label products
Poland’s Biedronka has removed around 28 tonnes of sugar, 21 tonnes of salt and more than 39 tonnes of fat from its private label products in 2023, as part of...
Read more
McDonald’s has made a difficult decision
McDonald’s has announced it will buy back its Israeli stores to restore its reputation and regain sales targets in the Middle East. The decision is based on a boycott of...
Read more
New horticulture and food industry tenders can be reviewed
Based on the Strategic Plan of Hungary’s Common Agrarian Policy, the social consultation of the new rural development investment tenders has begun. In the first round, those interested can familiarize themselves...
Read more
English whiskey won at the expense of the Scots
To outside observers, the United Kingdom may appear as a unified country, but the centuries-old Anglo-Scottish antagonism continues to simmer beneath the surface. Now the Scots suffered a painful blow...
Read more
Katinka Hosszú has permanently closed her restaurant
The three-time Olympic champion swimmer, Katinka Hosszú, announced the permanent closure of her restaurant, Koool, on Instagram. The athlete opened the restaurant before last year, where they sold free, “clean”...
Read more
Big transformations are taking place at SAP
SAP, the German software company, has announced that it plans to cut around eight thousand jobs worldwide as part of its “Next Level Transformation” program. As part of this, more...
Read more
Tuned to premium
This article is available for reading in Trade magazin 2024/4 The combined sales revenue of the five biggest brewers in Hungary – Borsodi Brewery Kft., Carlsberg Hungary Kft., Dreher Breweries...
Read more
A new scam is spreading: bogus packages with a trick
The past year has been filled with bank fraud, data theft and internet scams, but this year a new type of scam is taking over. The bottom line: Unordered bogus...
Read more
This type of store is becoming more and more popular in Hungary
“American stores” are spreading rapidly in Hungary, where you can find food mainly from the United States, which are typically offered at high prices. These stores sell products that traditional...
Read more
Artificial intelligence is the top trend of the year
According to research by Mintel, artificial intelligence (AI) – or more precisely, generative artificial intelligence – has been the subject of increasing hype in recent years. If brands wish to...
Read more
Pálinka is part of our national identity and culture
Pálinka is one of the trademarks of Hungarians, which has been a true national treasure for centuries, unites us even in the storms of history and unites our nation –...
Read more
K&H: personal loans have stalled
The demand for personal loans increased significantly at the beginning of this year, K&H announced. In the first two months of the year, the financial institution concluded contracts for 16...
Read more
After an extremely successful year, the AutoWallis Group continues its growth story
The increasingly dominant car trade and mobility service provider in the Central and Eastern European region can use the dividend fund formed on the basis of the EBITDA result of...
Read more
Again, improvements have been made to the eGN system
The National Food Chain Safety Office (Nébih) informs the users of the electronic management diary (eGN) that another update has taken place in the system. In the current version, many...
Read more
Danone enters $1B yogurt mix-in category with healthy focus
The dairy giant is introducing the new Remix banner to its Oikos, Too Good & Co. and Light + Fit brands to attract consumers hesitant to try other mix-ins seen as overly indulgent....
Read more