News and articles
The future of retail: cashierless stores and the spread of automation
Retail is increasingly moving towards automation and digitalization, but will the era of cashier-free stores come? According to Gábor Kende, CEO of Kende Retail, cashier-free technology is not only more...
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Winning steps in the world of Hungarian brands
In 2024 the MagyarBrands Programme assessed the business performance of thousands of brands for the fifteenth time, to find the exceptional ones relying on its complex selection system: this time...
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National Restaurant Week: the goal is to make quality gastronomy more accessible
The primary goal of the National Restaurant Week is to showcase the best places in Hungarian hospitality at affordable prices, but it also has a significant impact on the industry...
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Producer prices of slaughter cattle are also rising in the EU
According to AKI slaughter statistics, in January 2025, cattle slaughter in Hungary increased by 27.8 percent in live weight compared to January 2024. Cows, which account for more than two-thirds...
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GREEN BRANDS 2024 – sustainability awards for a green future
The GREEN BRANDS 2024 regional gala, held in Vienna’s historic Niederösterreich Palais in December, celebrated the best representatives of sustainability. Sustainability excellence from Hungary, Austria, the Czech Republic and Slovakia...
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Pizza at the Push of a Button: The Lehel Square Pizza Vending Machine Experience
The Hungarian internet collectively marveled at the recent appearance of a pizza vending machine on the corner of Lehel Square Market. Yes, a pizza vending machine—a device that, at the...
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Six out of ten employers plan to raise wages by 2025, but at a lower rate than last year
Similar to previous years, the majority of companies implemented the promised wage increases in 2024, and in fact, more companies increased their salaries than they had originally planned. However, the...
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Zoltán Guller is the Chairman and CEO of Szerencsejáték Zrt.
Minister of National Economy Márton Nagy will appoint Zoltán Guller, Chairman of the Board of Directors of the Hungarian Tourism Agency, as of March 5, 2025, as the Chairman and...
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Sustainability: K&H’s parent bank is among the top 15 percent of banks in the world
K&H’s Belgian parent bank, KBC Group, has been awarded an “A” rating for the third time in a row by the non-profit organization CDP (Carbon Disclosure Project), which annually surveys...
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MITTE is Allee’s new PR agency
MITTE Communications supports the marketing activities of Allee Shopping Center in the areas of PR strategy, press communication, media buying, and consulting. Located in the heart of the 11th district,...
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Applications for the development of small agricultural farms can be submitted from Wednesday
The Ministry of Agriculture is committed to strengthening the smallest agricultural producers and businesses and preserving the viability of small farms, which is why we are announcing our tender for...
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Kifli.hu customers have already received more than 100 million forints in credit
Nearly 50,000 customers use Kifli’s home-delivery return service every month. Since the introduction of the return system, more than 2 million bottles and cans have been returned to circulation through...
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The number of poultry and pig slaughters increased in 2024 84.8 thousand cattle were slaughtered
In Hungarian slaughterhouses in 2024, 4.4 percent less than the previous year, and 4 million 782 thousand pigs were slaughtered, 6.5 percent more (+292 thousand) than in 2023. 237 million...
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Pricing carries a risk
Last September the Court of Justice of the European Union (CJEU) ruled in a case that affects Hungarian pricing practices too. This article is available for reading in Trade magazin...
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Nestlé takes full ownership of Chinese confectioner Hsu Fu Chi
Nestlé bought a 60% stake in Hsu Fu Chi, a well-known confectionery brand in China, in 2011. Nestlé has acquired the remaining 40% stake in Chinese confectionery business Hsu Fu...
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Hungarian-North Macedonian agricultural relations reach a new level
The bilateral agricultural foreign trade balance increased by a record 60 percent last year, announced István Nagy, Minister of Agriculture, at the second Hungarian-North Macedonian government summit in Budapest. The...
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KSH: The foreign trade surplus in services was 2.7 billion euros in the fourth quarter
In the fourth quarter of 2024, exports of services in euros increased by 0.4 percent, while imports decreased by 1.6 percent compared to the same period of the previous year....
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Consumer protection conducted an inspection at the Lehel Square market
Consumer protection authorities conducted an inspection at the Lehel Square market: expired food and hygiene problems were found – the authority told MTI. According to the statement, employees of the...
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M&S INTRODUCING AI TOOL TO HELP CUSTOMERS CHOOSE THE PERFECT WINE
UK retailer Marks & Spencer has introduced a new Wine Finder tool – an AI-powered solution designed to provide personalised wine recommendations based on individual preferences. Marks & Spencer has...
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TikTok Shop welcomes merchants in Germany, France, and Italy
TikTok is boosting its European ecommerce operations. From now on, merchants can register to start selling through TikTok Shop in Germany, France, and Italy. Users of the social media platform...
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Egg prices rose by 20 percent in a year
According to European Commission data, the packing house price of table eggs in the EU was 240 euros/100 kilograms in the first eight weeks of 2025, which was a 6.5...
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The pace of consumer price inflation in the euro area slowed in February
Annual inflation in the euro zone fell slightly less than analysts had expected in February, according to preliminary data released by the European Union’s statistical office, Eurostat, on Monday. The...
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Almost a quarter of young people suffer from their family’s debt
According to K&H Bank, not only adults but also children can be seriously affected if the family is struggling with financial problems. According to a British survey, nearly a quarter...
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Is it worth switching to sustainable packaging?
Main packaging trends include easy-open solutions for the elderly, single-serve packaging for those who live alone and resealable designs. This article is available for reading in Trade magazin 2025/2-3. With...
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Fidelity: 2025 is not the year of artificial intelligence yet
The latest Fidelity Analyst Survey finds that AI will have only a minimal impact on corporate profitability in 2025, and its full potential will be years away. But big tech...
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World index of food commodities: a small drop in January
The UN Food and Agriculture Organization (FAO) has reported that the world market index for food commodities was down in January, averaging 124.9 points over the month and dropping 1.6%...
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POS trends 2025: immersive, hyper-personalised and secure
According to research by AtData, sustainability and ethical operation have become a basic expectation by 2025, while various technological innovations are also gaining ground. This article is available for reading...
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Géza Vincze is the new CEO of Auchan
As of March 1st, Géza Vincze has been appointed as the Managing Director of Auchan Hungary. The expert has nearly thirty years of commercial experience gained at various international retail...
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GKI: Wage increase plans of domestic businesses
In its latest February survey, GKI Economic Research Ltd. asked companies with more than 5 employees about their intentions to raise wages in 2025, among other things. The questionnaire was...
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100 products have reduced their prices in PENNY
PENNY has permanently reduced the prices of nearly 100 products since January 2025, to keep more in the wallets of Hungarian families. The affected products have become more affordable by...
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