News and articles

McKinsey: The digital economy in Hungary has expanded by 50 percent in four years

The performance of the digital economy in Hungary increased by 50 percent, from 6.6 billion euros to 9.8 billion euros, between 2017 and 2021, according to the McKinsey consulting firm’s...

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EY: it became clear what customers give up first during brutal price increases

Home delivery of products can be one of the first victims of inflation, while more and more people are opting for cheaper, own-brand goods, according to EY’s international survey of...

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President Biden issues executive order supporting the advancement of alternative proteins

This week, President Biden signed an executive order aimed at advancing US leadership in biotechnology and biomanufacturing, which includes exploring new innovations in the agricultural sector, and specifically mentions the advancement of...

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Premiumisation postponed

COVID-19 brought a growth in both coffee value and volume sales, because people spent more time at home. In 2022 coffee companies had to increase prices due to global economic...

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New-wave Hungarian honeys

And let there be Flower Peace! Honeys that are delicious, honeys that are quality, honeys that are different! These are the products of the new-wave Hungarian honey brand, Virágbéke Mez...

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DHL’s Global Trade Atlas analyses data from 173 countries

DHL and NYU Stern School of Business have published the new DHL Trade Growth Atlas, which maps the most important trends and prospects of global trade in goods. The report covers 173 countries, providing...

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Product innovation gains momentum at Gergely Food

Traditions and reforms: both of them are characteristic of the product innovation work by 100% Hungarian-owned Gergely Food Kft. The company even does market research to be familiar with the...

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The dm held a charity soccer tournament for the youngest

dm and its partners supported the Százhalombatta Parents’ Forum Association in the framework of the 7th charity soccer tournament organized this year: thanks to the HUF 5 million grant, 70...

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The price increase in the construction industry is enormous, it is worth postponing investments

The increase in prices in the construction industry was more than double the increase in consumer prices in the first half of this year compared to the same period last...

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According to the OVF, this year’s drought was severe, but not extraordinary

Although this year’s drought was very severe, it cannot be considered extraordinary: droughts of similar severity occur in Hungary every 20-50 years – states the National Water Directorate General (OVF)...

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Here is the Nespresso Barista Creations for Milk Vertuo coffee collection developed for milk coffee recipes

Regardless of the cup size and flavoring, milk coffee recipes are still very popular in Hungary to this day. However, from the point of view of the quality and flavor...

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ENERGY COFFEE RUM-WALNUT

Rum-Walnut is the latest flavour in the ENERGY COFFEE range, bringing a classic combination to consumers. Once again the product has real Arabica and Robusta extract, and it is made...

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János Rákóczi commemorative year – full-day workshop at the MKVM

On Sunday, September 25, between 10:30 a.m. and 5:00 p.m., the Hungarian Trade and Hospitality Museum welcomes those interested with an excellent professional program. Master chef and confectioner János Rákóczi...

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Plant science research technology was developed at the Georgikon in Keszthely

Technological development, which includes high-tech elements and serves research and agricultural purposes, was carried out with an investment of more than HUF 900 million at the Georgikon Campus of the...

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Daniela Constantinescu leads the subsidiary of UPS in Hungary and several regions

UPS appointed Daniela Constantinescu as the country director of its subsidiaries in Hungary, Greece, Romania and Slovenia (HUGRROSI region). Constantinescu will be based in Budapest and will report to Kim...

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UK Food and Beverage Sector Buyouts Sees Almost 30% Decline

Merger and acquisition deals within the UK’s food and beverage sector have dropped by 29% following a difficult trading environment which has seen retailers increasing prices to mitigate inflationary cost...

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Fighting drought is a strategic issue

In addition to Hungary’s climate conditions, the fight against drought is a strategic issue at the level of the national economy, the Minister of Agriculture said on Thursday in Nádudvar....

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Starbucks considers selling its UK business

Starbucks is exploring a sale of its UK business, as costs are skyrocketing and competition is getting stronger. The coffee chain has hired adviser Houlihan Lokey to find parties interested...

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The PRRS exemption can only be preserved with the awareness of livestock keepers

Thanks to many years of persistent and consistent work, at the beginning of this year we succeeded in achieving the freedom of Hungary from porcine reproductive disorders and respiratory symptoms...

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Food Inflation is Holding Up – Consumers Find Increasingly Difficult to Cope With

Food inflation remains extremely high and consumers are feeling the pain. They are making changes to their restaurant engagement as well as their grocery purchases, according to the August IRI...

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ALDI-inspired youthful dresses have arrived

A new clothing range is added to ALDI’s offer. The seasonal items feature the company’s iconic logo and everyone can find a fashionable outfit or footwear to suit their taste....

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According to László Parragh, the closing of shops on Sunday is within reach

The Hungarian Chamber of Commerce and Industry made suggestions to the government on how businesses could be helped in their fight against skyrocketing energy prices. The president of the chamber...

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K&H: The lack of professionals and exchange rate fluctuations hinder the operation of SMEs the most

Exchange rate changes are causing more and more problems for domestic businesses, according to the results of the second quarter of the K&H SME confidence index. After the shortage of...

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High Cost of Living Prevents 65% of People to Adopt a More Sustainable Lifestyle

The cost-of-living crisis is making it harder for people to live more sustainably as 65% want to be mindful of the planet and the environment but say higher prices prevents...

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Nestlé To Develop Animal-Free Dairy Proteins

Food giant Nestlé has announced that it is exploring emerging technologies for the development of animal-free, protein-based dairy products. The company’s newly established US R+D Accelerator will pilot a new product from Perfect...

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There is a high demand for milk at the price cap, it is hardly available

In many places, you can’t get milk at the official price. Viewers of RTL Híradó sent footage of empty shelves from several locations, and rural customers also complained about this...

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In every era processed meats are in line with the trends

The ingredient and energy price increase has reached the category of processed meats too, which translated into higher consumer prices this year. Salami sales could grow in both value and...

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The drought is so severe that the trees are begging the dogs! – online discourse on drought

After the dry months behind us, autumn and rainy weather finally arrived with the first of September. Based on the online discourse of the past year, the research team of...

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Tesco and Shell are establishing electric car charging points

Shell Hungary zRt. and TESCO-GLOBAL Zrt. will install EV chargers in more than 100 Tesco stores by 2025. Thanks to the partnership, Shell Recharge’s network will provide nationwide coverage at...

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More than 8 tons of waste were collected in III. Bodrogi PET Cup

After the successful summer competitions in the Tisza, the autumn race of the pet boat waste derby achieved serious results in Bodrog. Organized with the active involvement of 160 participants...

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