News and articles
More than HUF 6 billion investment was realized
One of the most important sectors of the Hungarian economy is the food industry, with more than 4,000 companies engaged in production in 33 branches, stated Márton Nobilis, the Secretary...
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New trends in e-commerce
Cross-docking based and packaging-free home delivery are the main directions in which parcel delivery is going in the peak period before Christmas – according to the experts of smart logistics...
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Hungarian agricultural subsidies will continue to be predictable in the future
Hungarian agricultural subsidies will continue to be predictable in the future and provide support to farmers even in difficult economic conditions, said Minister of Agriculture István Nagy on his social...
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Spain Scraps VAT On Staple Foods For Six Months
Spain has scrapped VAT on staple food items for six months as part of a series of new measures to help the population to cope with the rising cost of...
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Mars Announces Acquisition Of Trü Frü Snacking Brand
Mars, Incorporated has announced the acquisition of Trü Frü, a whole-fruit snacking brand that has seen a five-fold increase in sales over the past five years. The Trü Frü range,...
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The Ministry of Agriculture is extending the extraordinary interest subsidy program
A decision was made to extend the advanced interest subsidy of up to 14 percent of the Agrár Széchenyi Kártya Overdraft for agricultural producers affected by the drought until March...
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German Shoppers Buy More Vegan Products From Discounters, Survey Finds
Shoppers in Germany are buying more vegan products from discounters, according to a survey by Appinio commissioned by Aldi. The study also unveiled that 90% of respondents rated the price-performance...
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This could be behind the sharp rise in food prices, and this is what 2023 will bring
In November, inflation was 22.5 percent year-on-year, which is the highest in the EU. This is more than surprise inflation, especially considering that at the beginning of 2022, analysts were...
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Spotlights 2023: Discover what’s new at FRUIT LOGISTICA now
With technical innovations, the industry ensures greater sustainability and less food waste. FRUIT LOGISTICA is the ideal platform for the fruit and vegetable trade to present innovations. Whether it’s new...
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FAO Food Price Index continued to drop in December, however, it rose substantially on a yearly basis
The FAO Food Price Index* (FFPI) averaged 132.4 points in December 2022, down 2.6 points (1.9 percent) from November, marking the ninth consecutive monthly decline and standing 1.3 points (1.0 percent)...
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The senior management of SPAR Hungary continued to expand
As of January 1, 2023, Eduard Vonier will join SPAR Hungary as managing director. The specialist with a degree in economics has been working in the daily consumer goods retail...
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Retail turnover increased by 0.6%
The volume of retail trade grew more modestly than expected, by 0.6% according to the raw data, and also by 0.6% when adjusted for the calendar effect, compared to the...
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Green solutions from SPAR
Compared with the 2017 level, SPAR Magyarország’s greenhouse gas emissions level decreased by 49% by 2021. The light fixtures of the stores are replaced with LED lights, the efficiency of...
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Retail turnover in the euro area and the EU increased in November on a monthly basis
Retail sales in the euro area and the European Union increased in November in a monthly comparison. The statistical office of the European Union, Eurostat, announced on Friday that in...
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Small butcher shops receive extraordinary support
The government is subsidizing small butcher shops with four and a half billion forints, Minister of Agriculture István Nagy announced. The minister drew attention to the fact that despite the...
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Csaba Burján continues his work as Director of Global Customer Development at Food Solutions
Csaba Burján, the Central and Southeastern European manager of Unilever’s Food Solutions business, will continue his work as Director of Global Customer Development of Food Solutions from November 2022, after...
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The managing director of Coca-Cola HBC Hungary spoke about a serious price increase
In his interview with Index, László Békefi, managing director of Coca-Cola HBC Hungary, spoke about the very serious economic challenges that will force the giant company to raise prices on...
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Retail turnover in Romania increased by 4.5 percent in the first eleven months of last year
In Romania, according to raw data, the volume of retail trade increased by 4.5 percent in the first eleven months of last year compared to the same period in 2021,...
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These consumer protection inspections are expected in 2023
Domestic companies can expect comprehensive consumer protection investigations in 2023 as well – draws attention to EY. This year, special foods, the operation of webshops, and the so-called greenwashing were...
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The majority of those making online purchase salso prefer in-store shopping
In the past year, 56 percent of those making online purchases prefer personal, in-store shopping, but there is a large difference in this between the individual age groups – revealed...
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An agreement was reached on wages for 2023 at SPAR
SPAR Magyarország Kereskedelmi Kft. and the Trade Union of Commercial Employees (KASZ) successfully agreed on the 2023 wage improvement. According to the agreement, the 13th month allowance, the SPAR Loyalty...
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The SZÉP Card sub-accounts have ceased to exist
As of January 1, 2023, the former accommodation, hospitality and leisure “pockets” were merged, thus the amounts charged in them will be added together. The amendment was created with the...
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It turned out! They are the richest agricultural entrepreneurs in Hungary!
Every year, a list of the richest Hungarians is published, which also includes several agricultural entrepreneurs. One of them is in the first place in the line, leading it with...
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Meteorology: there is no major cooling on the horizon, too mild weather is particularly harmful from an agricultural point of view
Although the beginning of January is usually the coldest period of the year according to statistics, 2023 began with spring weather and warm records, and no serious cooling is expected...
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Szallas.hu: compared to last year, 60 percent more people booked accommodation for New Year’s Eve
On New Year’s Eve, 60 percent more people booked accommodation until December 29 this year than last year, and compared to 2019, the number of reservations increased proportionally by 13...
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Hungarian suppliers provide two thirds of PENNY’s 2,500 SKUs
This year’s winner of the Retail Award of Excellence for Hungarian Products is PENNY. The discounter pays special attention to offering products with the Hungarian Product trademark, and to finding...
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Changes in the competition law: the GVH’s toolbox is expanded, the administrative burden of companies is reduced
The Competition Act changed on several points on January 1. The Economic Competition Office (GVH) can use a new tool to help businesses comply with the law voluntarily, and the...
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BMI: Vibrant expansion in December
The seasonally adjusted December value of the Purchasing Manager Index (BMI): 63.1. Compared to the previous December values, this year’s value is higher than the long-term average for this month...
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German retail turnover decreased on an annual basis, but increased on a monthly basis in November
In Germany, retail sales decreased on an annual basis in November, while an increase was recorded on a monthly basis. The German Federal Statistical Office (Destatis) announced on Friday that,...
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More colourful rice category
Demand for rice soared during the COVID pandemic, as this food is relatively cheap and it has a long shelf life. Dr Imre Tímár, managing director of Tanner Trade Kft.:...
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