News and articles
New manager at the head of Nestlé Professional’s domestic business
From April 1, 2024, Gyula Kapás will hold the leading position of Nestlé Professional, which offers gastronomic and beverage solutions in the HoReCa sector. Gyula Kapás joined Nestlé in 2018...
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The bill on tightening the sale of energy drinks is before Parliament
A bill has been submitted to the Hungarian parliament, according to which the sale of energy drinks to minors in the country would be prohibited. The proposal was put forward...
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Soon we will only be able to get certain dietary supplements in pharmacies
The draft on the tightening of the trade regulation of dietary supplements in Hungary is a subject of constant debate. According to the planned changes, certain dietary supplements would only...
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Interest in insect proteins is growing in Hungary
In Hungary, more and more people are starting to recognize the potential of insect proteins, although many people still shy away from the idea that they can gain more and...
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Eurozone inflation continued to fall
The annual harmonized index of consumer prices (HICP) of the Eurozone rose slightly in March, but the situation is no longer so favorable in a monthly comparison. According to data...
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Hungarian foreign trade in milk and milk products shows a negative trend
In the past year, Hungarian foreign trade in milk and milk products showed significant changes, as a result of which the balance of the sector turned negative. According to the...
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Cleanness and caring: new directions in baby care
In 2023 the Hungarian nappy market is expected to grow by over 10% in value compared to the previous year, but a sales decline is likely in volume, according to...
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Eurostat: the number of guest nights booked on online platforms increased last year
The number of guest nights booked on online platforms in the European Union in 2023 increased by 13.8 percent compared to the previous year’s data, the statistical office of the...
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New managers to support Westend’s visitor and tenant business
New managers have arrived at one of Budapest’s most iconic real estate complexes. András Karácsonyyi joined the Westend team as the head of the tenant business and Stefánia Csordás as...
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Gergely Fábián: integrated, data-based development in the food industry improves competitiveness and security of supply
In the food industry, the competitiveness of the sector can be increased with the integrated, data-based development of the product path, which also contributes to security of supply and sustainability,...
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Industry trends are pulling the corrugated cardboard segment along, the market could grow to nearly 250 billion dollars by 2032
Analysts predict development in the corrugated cardboard industry in 2024 due to environmental regulations, the growing demand for sustainable materials and the boom in e-commerce. The biggest users of corrugated...
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Another online travel agency can sell Ryanair tickets
Ryanair, one of Europe’s leading low-cost airlines, has entered into a partnership with eSky, one of the leading online travel agencies in Central and Eastern Europe. According to this, eSky...
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Temu may receive a fine of up to HUF 780 billion
The Economic Competition Authority (GVH) considers it justified to initiate the competition supervision procedure against the Chinese online store Temu, whose subsidiary in Ireland is being investigated for unfair commercial...
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Eroski to open more than 50 franchises in 2024
Eroski’s momentum achieved in 2023 isn’t slowing down: the chain plans to open around 57 new franchises this year. The Spanish retailer has invested EUR 14m to open 65 new...
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Digitization contributes to increasing the competitiveness of the food industry
Technological development and the rise of IT tools can revolutionize the food industry, creating opportunities in the field of transparency, efficiency and safety, said Dr. Márton Nobilis, State Secretary of the...
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K&H: the goal is affordable and green energy
According to a Polish study, several European countries achieved part of their sustainable energy goals for 2030 a decade earlier. Hungary is not doing well, but there are indications that...
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It produced more spring onions, but fewer leeks
According to KSH data, Hungary produced 2.67 thousand tons of new onions (green onions) in 2022, which is 35 percent more than the previous year. Domestic spring onions are offered...
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Sándor Czomba: the number of job seekers has never been so low
The number of registered jobseekers is at a thirty-year low, this data has never been so low, which means that a significant number of people are looking for and finding...
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MNB: instant payment goes to a new level
From April 1, all domestic consumers and businesses can complete their payment transactions by accepting a payment request and initiating an immediate payment in response, the Magyar Nemzeti Bank (MNB)...
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The authority extracted enough pesticides for 100 hectares
In March, the inspectors of the National Food Chain Safety Office (Nébih) “obtained” 3.5 kg of a plant protection agent with Cyrillic letters and without a valid marketing and use...
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Greece is offering free holidays to tourists affected by forest fires
Greek tourism authorities have announced that tourists who were forced to leave their accommodation after the wildfires in Rhodes last July will be offered a week’s free stay on the...
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Tens of millions of domestic blooming ornamental plants may be on the market this year as well
After last year’s record turnover, strong demand is expected again this year on the annual ornamental plants market. Domestic horticulture is preparing for the season with around 8-10 million geranium plants...
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Lidl US cuts corporate jobs across 3 business units
The layoffs come a little over a year after the discounter let go of roughly 200 workers stateside. The layoffs are the latest move by Lidl to rightsize its operations...
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Nestlé to invest in Democratic Republic of Congo coffee operations
The funds would go towards coffee purchases, price premiums, technical assistance and community projects. Nestlé is set to invest $20m in the Democratic Republic of Congo (DRC) to “revive specialty...
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Nébih withdrew a plant protection product from the market
The National Food Chain Safety Office (Nébih) has withdrawn more than 30 kilograms of pesticides considered risky from circulation, the authority informed on Wednesday. Nébih’s inspectors made a trial purchase...
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European Championship Won’t Save German Economy, Study Shows
The European Championship to be held in Germany this summer is unlikely to turn into a summer fairytale for the euro zone’s largest economy as it struggles for growth, a...
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The export of rapeseed rose
According to Tallage, the spot export (FOB) price of canola seed delivered to the western border in Ukraine increased by $10 to $365/ton between February 16 and March 15. In Russia,...
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Intersport Deutschland’s expansion plans: 100 new stores in the next year
Intersport Deutschland, Germany’s leading sports retail chain, has announced a large-scale expansion plan aimed at expanding its network of stores. According to the plans, 100 new stores would be opened...
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Harder times, softer candies
This article is available for reading in Trade magazin 2024/4 “This difficult period is certain to continue this year, so we are focusing more on preserving our values, the results...
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The farmers and the government are each other’s strategic partners
Farmers’ interests must be protected because Brussels betrayed the producers, because the EU leaders did not protect the European agricultural markets against Ukrainian agricultural products, said Minister of Agriculture István...
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