News and articles
Revolut’s terms and conditions are changing
Revolut, which is active in the field of digital financial services, has announced that it will introduce a number of changes to its personal contract terms from March 11, 2024....
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Szalmonellaveszély miatt tett közzé termékvisszahívást a Nébih
Szalmonella lehetséges jelenléte miatt visszahívta a forgalmazó az Alnatura és Bio Primo gojibogyóját (gojibeeren) – olvasható a Nemzeti Élelmiszerlánc-biztonsági Hivatal (Nébih) honlapján kedden közzétett felhívásban. A 100 grammos kiszerelésben kapható...
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LG World Premiere: the company presents artificial intelligence-based 2024 innovations and a new vision of the future
LG Electronics (LG) held a World Premiere press conference at the Mandalay Bay Convention Center in Las Vegas to introduce the company’s new vision and exhibition theme for CES 2024,...
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Asda becomes first supermarket to price matching Aldi and Lidl
Asda has become the first supermarket to price match both Aldi and Lidl across hundreds of everyday products. The supermarket is price matching the discounters on 287 comparable grocery products...
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Forrester predicts a new online boom
Forrester anticipates significant growth in online retail spending in the largest European countries in the coming years. The American research firm expects an average annual growth of 9.2 percent. Forrester...
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Barilla To Send Fusilli To Space
Barilla’s pasta will embark on a cosmic journey to the International Space Station (ISS) as part of a collaboration with the Ministry of Agriculture, Food Sovereignty and Forestry, the Italian...
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KSH: in November, retail turnover decreased by 5.4 percent compared to the same period of the previous year, while it increased by 0.8 percent compared to the previous month
In November 2023, the volume of retail sales decreased by 5.4 percent compared to the same period of the previous year, according to both raw and calendar-adjusted data. The volume...
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Péter Virovácz: It is too early to talk about recovery
The Ministry of National Economy welcomed the new retail sales data, but experts warn of caution. Although the month-on-month increase appears to be a positive sign, the level of the...
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Growth in consumption will only come after that, encouraging signs are beginning to appear in the area of food consumption
There are several factors behind the decline in consumer behavior and retail sales in November. Due to the higher turnover period at the end of the year, Black Friday sales...
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NGM: customers must be informed if the packaging of a food is reduced
In order to protect families, the government has adopted a new measure, so food retailers with a turnover of over HUF 1 billion must post a warning notice if the...
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NGM: in addition to the reduction of inflation and the increase in real wages, the development of retail trade also shows an increasingly hopeful picture
According to the data of the Central Statistical Office (KSH), in November 2023, the value of retail trade nominally reached HUF 1,602 billion, which means an increase of HUF 50...
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The current clothing industry is not sustainable, prices are coming
The EU is working on regulations that would oblige fashion companies to collect more used clothes or pay a fee for waste management. As part of this, the EU hopes...
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Csurran vagy cseppen?
A mosogatószerek és eszközök piacára is rányomta bélyegét az elmúlt időszak. A fogyasztók amellett, hogy keresik a gazdaságos, takarékos megoldásokat, próbálják a mosogatáshoz szükséges eszközöket is minél hosszabb ideig használni....
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VIMOSZ: expectations of tourism companies improved last December
The expectations of tourism companies improved in December – the National Association of Tourist and Hospitality Employers (VIMOSZ) announced to MTI on Monday based on the latest survey conducted with...
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In January, Sentix’s Eurozone investor sentiment index improved less than expected
The Eurozone investor sentiment index presented on Monday by the Sentix economic research institute improved less than analysts had expected. Sentix’s economic index, which reflects investor confidence in the euro...
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In the first 11 months of last year, retail sales in Romania increased by 2.2 percent
Retail sales in Romania increased by 2.2 percent in the first 11 months of 2023, the National Institute of Statistics (INS) announced on Monday. Between January 1 and November 30...
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Hard times
In the butter market, the situation returned to normal by the summer, with retail prices starting to decrease again. This article is available for reading in Trade magazin 2023/12-01 “In...
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Veganuary: many Hungarians sympathize with the meat-free diet
Compared to the 2022 results, more Hungarians pay attention to health-conscious nutrition, and 60 percent of them include one meat-free day in their week, which is increasingly motivated by health...
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Hungarians do not really have a sweet tooth in international terms
In European and Central Asian countries, there are significant differences in daily sugar consumption per capita, and the Hungarian population is certainly not one of the big sugar consumers. Based...
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Wheat and corn prices down by more than half in one year
According to AKI PÁIR data, the producer price of milling wheat in Hungary – excluding VAT and transport costs – was HUF 65,300/tonne in the second week of November (-53%...
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The country’s legendary cave bath is closed
From January 8, no one should try to visit Miskolc’s well-loved spa for a dip – reports boon.hu. As the portal reported, every year, in order to preserve the condition...
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Important changes in relation to phytosanitary notifications
The form for phytosanitary notifications required by April 30 has been changed. Based on the relevant decree, producers have a notification obligation regarding phytosanitary tests. The content of the Notification form...
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The shortage of drivers is an increasingly serious problem
Last year was a challenging year for hauliers, where, in addition to the increase in costs due to high fuel prices and inflation, road freight also had to face a...
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Plain flour, fine flour, bread flour, pastry flour, rye flour…
The list can be continued almost indefinitely. We love it baked, boiled, mixed into cakes and scrambled eggs, sprinkled on top of freshly baked bread or on the kneading board. In...
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Private equity firm to purchase Horizon Organic, Wallaby from Danone
Platinum Equity is acquiring the Horizon Organic and Wallaby businesses from Danone SA, Paris. Terms of the agreement were not disclosed. Danone announced in January 2023 it was exploring strategic...
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IKEA and Electrolux products are late, cargo ships are avoiding Africa
Regular attacks by Houthi rebels in Yemen against merchant ships in the Red Sea have a serious impact on shipping. To avoid the Suez Canal, more and more cargo ships...
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Farmers can sow high-quality spring wheat seeds
Sufficient amounts of high-quality spring corn seed are available to farmers, according to the data of the Seed Association Trade Union and Product Council (VSZT). The organization is spring barley, spring...
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SZTNH: intellectual property protection receives spectacular subsidies
From January 1st, domestic small and medium-sized enterprises, universities, research centers or private individuals can use a 75 percent subsidy related to the patent process – the measure came into...
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EU to invest $55m in precision fermentation start-ups
The programme will aim to “improve the sustainability, efficiency and resilience of the European food supply chain”. The EU is set to invest €50m ($54.9m) next year to help precision...
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Poland’s Żabka Group Acquires Romanian Food Distributor DRIM Daniel
Polish retailer Żabka Group has acquired a majority stake in Romanian food distributor DRIM Daniel Distributie. Founded close to three decades ago, DRIM Daniel Distributie is a family-run Romanian company...
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