News and articles
The price of eggs fluctuates
The trends in egg prices and consumption in Hungary are significantly cyclical, influenced by the increased demand during the Easter and Christmas seasons and a decline during the summer months....
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Continental’s Budapest factory received the “Reliable Employer” award
This year, the German-Hungarian Chamber of Industry and Commerce (DUIHK) awarded Continental Automotive Hungary Kft., the Budapest site of Continental, with the title of “Reliable Employer” – which was won...
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Customers will have more money to spend, but the economy is still not out of the crisis
This year, several new economic forecasts indicate that the Hungarian economy will achieve or even exceed regional growth averages, and the increase in real wages will once again enable consumption...
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What can be called sourdough bread will soon become tougher
Recent discussions within the Hungarian Food Codex Committee suggest changes to the regulation of the “sourdough” label, including defining the maximum amount of yeast allowed and the minimum fermentation time...
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Danish Crown in transformation: closing a slaughterhouse while creating new jobs in Denmark
Danish Crown, one of Europe’s leading meat industry companies, has announced the closure of its slaughterhouse in Ringsted but is simultaneously creating new job opportunities in Horsens, Herning, Blans, and...
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In Austria, inflation slowed down in April
The rate of annual growth of consumer prices in Austria fell to 3.5 percent, the lowest since September 2021, in April following the previous month’s 4.1 percent, in accordance with...
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Ryanair: Record profits and optimistic outlook
Ryanair has reported a 34% increase in profits for the financial year, reaching a record €1.92 billion, which exceeds the €1.905 billion forecast by analysts. This growth partly stems from...
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Graboplast: focus on new developments after stable results
Despite the increasing price competition and the challenging economic environment, Graboplast achieved a stable result in 2023, after closing last year with sales revenue of HUF 20.3 billion. The leading...
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KPMG is testing AI as a compliance specialist helping the work of consultants
Hungarian for Innovation organized by the Joint Venture Association (JVSZ). At the conference, a KPMG Hungary employee reported on their experiment, in the framework of which they supported the process...
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The AutoWallis Group’s sales of new and used vehicles in the retail trade increased above the market average in the first quarter
The sales revenue of the AutoWallis Group’s retail business increased by 9 percent above the market average in the first quarter, while the company organized its mobility-related services, which were...
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An all-around convincing performance by this year’s EuroCIS
This year’s EuroCIS – the leading trade fair for the retail technology industry – was a big success. This article is available for reading in Trade magazin 2024/5 The trade...
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Beyond Meat expands into Co-op in the UK
Beyond Meat’s plant-based alternatives are now available in 800 Co-op stores across the UK. The meat-free vegan brand’s products are available in the convenience chain’s frozen food section nationwide. Beyond...
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48 percent more fertilizer was sold than a year earlier
Fertilizer distributors sold 522,000 tons of fertilizer directly to agricultural producers in the first quarter of 2024.The volume sold was 48 percent more than a year earlier, despite this –...
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Livestock farming is not responsible for the decline in global drinking water supplies
Another false claim is spreading in the European public discourse regarding animal breeding. While the representatives of the anti-livestock narrative often claim that the sector threatens the public’s drinking water...
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From EU self-sufficient poultry products, there is no need for imports of dubious origin
In recent years, the situation of the poultry sector has been complicated by many challenges, various epidemics, declining demand due to wartime inflation, and cheap but poor-quality products that do...
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Our gluten-free favorite also competes for the KMÉ trademark
The gluten-free life is also imbued with excellence, as it is now possible to apply for the Excellent Quality trademark with rice and rice flour. Of course, the address is...
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Sweden’s Essity Invests In New Research And Development Centre
Swedish hygiene products maker Essity is investing in a new research and development centre in Alsace, France, that will focus on tissue hygiene products. Essity seeks to develop new methods...
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Häagen-Dazs – New flavours in the portfolio
In addition to the double chocolate macaron ganache and the strawberry-raspberry macaron ice creams, this year the macaron collection will also feature the blueberry-vanilla and the yuzu-lemon flavours. Contact: Maresi Foodbroker...
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The administration of vineyard school operators becomes easier with a new form
The National Food Chain Safety Office (Nébih) draws the attention of vineyard operators to the new form available on the office’s website. Nébih created the electronic registration form, which can be...
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Tesco teams up with suppliers to tackle hygiene poverty
Tesco has again joined forced with its suppliers from well-known household brands such as Andrex, Aquafresh, Bodyform, Radox, Sure and Wilkinson Sword to distribute millions of personal care items to...
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The biggest cucumber-growing greenhouse in our country was handed over
Slovak and Hungarian-owned GreenCoop has handed over its second Hungarian greenhouse in the border of Ács. Approximately 12-14 million snake cucumbers are grown annually in the six-hectare facility using thermal...
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On the Day of Innovation, the “Inno d’Or – Innovation of the Year 2024” awards were presented
This year marked the fourth occasion of the innovation competition initiated by Trade magazine in 2021, accompanied by a full-day professional conference. The event dedicated to innovation took place on...
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The European Union started the year with significant growth and a decrease in inflation
According to the latest report of the European Commission, at the beginning of 2024, the economy of the European Union began to grow at a surprisingly fast pace, while inflation...
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NGM State Secretary: the restoration of consumption and the credit market is among the most important economic policy goals
The state secretary responsible for economic strategy, financial resources and macroeconomic analysis of the Ministry of National Economy (NGM) listed the restoration of consumption and the credit market, the resumption...
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Coface: Minimal GDP growth in the region, insolvency also increased
As a result of the economic downturn, the number of corporate insolvencies – i.e. liquidation and bankruptcy proceedings – increased dramatically in Central and Eastern European (CEE) countries during the...
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Auchan is having a festival
During the Whitsun weekend, Auchan will set up shop for the Jazzy Festival, and in the summer for EFOTT. In the former, it will be present with a wine stand...
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The barbecue season has started at Lidl
In last year’s grilling season, Lidl Hungary significantly increased the number of grill products sold by almost a third. The company is counting on further expansion, as this season the...
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PICK encourages you to cheer together this summer as well
In 2024, during the summer football sports events, PICK is the official cooperating partner of the Hungarian Football Association, the Hungarian men’s national football team, and András Schäfer’s national football...
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We are buying furniture more and more environmentally conscious – JYSK presented its spring-summer collection
In addition to Scandinavian cosiness and functionality, beautiful colors, modern shapes, natural and sustainable materials return to the JYSK spring-summer range. Line Skaaning Lindskov, professional manager of JYSK Range &...
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The missing workforce – Lawyers from PwC Legal, Dr László Szűcs and Dr Melinda Molnár were the guests of Chain Bridge Club
At the end of December, a new law on the entry and residence of third-country nationals was passed. Then we had to wait another two months for detailed procedural rules,...
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