News and articles
Aldi Ireland And Dawn Meats Enter €125m Contract
Aldi Ireland announced last week a new €125 million contract with supplier Dawn Meats, worth €25 million annually over the next five years. As a result of this contract, Dawn...
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Edible poppies from producers will be available at an affordable price
This year, the signs are favorable for Hungarian poppy producers both in terms of quantity and quality. Based on the current state of the poppy plantations, an abundant harvest is...
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Barilla Invests €300m In Sustainability And Innovation
Italian pasta and sauce brand Barilla invested nearly €230 million in product and process innovation throughout 2023, according to its sustainability report. Additionally, €45 million was dedicated to research and...
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Digital natives drive shift in consumer behaviour
The Asian market is witnessing a transformation in the retail sector, driven by the rise of digital natives and the adoption of new technology, according to Hugo Texier, Partner Consumer...
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The producer price of cherries is 14 percent lower
According to Eurostat data, the EU is a net importer of fresh cherries: the delivered quantity changed to 52.6 thousand tons (+108 percent), the exported volume to 10.8 thousand tons...
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Expert tips against UV radiation, misconceptions and beliefs
Pigment spots, age-related wrinkles, melanoma – three skin-related aesthetic or serious health problems for which, according to the latest scientific research, 80 percent of the sun’s ultraviolet radiation is responsible....
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VEGART Tiramisu 120 g, plant-based vegan dessert
A vegan alternative to the traditional Italian dessert tiramisu, which is special in the domestic market because it is gluten-free. It is a ready-to-eat, chilled dessert that is easy to...
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In June, the GKI economic index rose slightly
According to a survey conducted by GKI Gazdaságkutátó – with the support of the EU – the business sector became more optimistic in June, but the prospects of the population...
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Consumer Panel Services GfK and RetailZoom have teamed up for a landmark agreement!
The result of such an agreement will be the launch of a new service that will map the entire market and thus create a Retail Audit Total Market Read for...
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MNB vice president: there is no green transition without central banks
The energy transition is one of the world’s greatest challenges and at the same time one of its greatest opportunities, which also requires a new approach from the central banks...
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Payment by QR code is coming in Hungary
At the turn of the 1980s and 1990s, due to its technological backwardness, Hungary skipped payment by check and went directly to payment by bank card. In contrast, in other...
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More and more people are using the eVAT system
The use of the eVAT system, with which it is possible to declare monthly and quarterly VAT “live” from January 1, is showing a continuous increase – the State Secretary...
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Hungarian prices are becoming more and more attractive, and foreigners have also realized this
Over a longer period of time, i.e. in the last one and a half to two decades, there has been a serious turn in the world of stock exchanges, which...
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Interview with Kinga Daradics, the new CEO of eMAG: Vision and innovations in e-commerce
In an interview with Pénzcentrum, Kinga Daradics, the newly appointed CEO of eMAG, spoke about the challenges facing the company, its future plans and the future of Hungarian e-commerce. In...
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Barilla stops production of plant-based Tolerant Foods pastas
Barilla Group stops manufacturing its minimally processed legume-based pasta products in the United States. This article is available for reading in Trade magazin 2024/6-7 Tolerant Foods has announced the decision...
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The toy market also spins in summer – this is how families with small children go on vacation
Juggling vacations, support from grandparents and a wide range of camps: the 10-week summer vacation begins, during which 20 percent of the total annual turnover is realized, according to REGIO...
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SPAR builds a sustainable future in the present
An important part of SPAR Hungary’s corporate philosophy is environmental awareness, social responsibility, respect for employees, food safety, and support for health preservation. Along these lines, the company launched forward-looking...
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Representing interests – irrespective of company size
In the following interview Dr Tamás Kozák, secretary general of the National Trade Association (OKSZ) analyses the biggest challenges and successes of the Hungarian retail trade sector in 2023. This...
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Péter Szijjártó: Italy is Hungary’s fifth most important trade partner
One of the most important tasks of the next period will be the restoration of European economic competitiveness, no one should be allowed to destroy European industry on the basis...
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István Nagy: the aim of the Hungarian EU presidency is to make agriculture one of the most important policies of the cycle
During the Hungarian EU presidency starting on July 1st, we will strive to include agriculture in the most important policies of the next EU cycle, the Minister of Agriculture stated...
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Fighting food waste with funny posters
The National Food Chain Safety Office’s (Nébih) No Leftovers programme is launching another creative challenge for Sustainability Week: a poster design competition entitled “Let’s throw food waste in the bin”,...
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Ifo’s business sentiment index in Germany deteriorated in June
Instead of the minimal improvement expected by analysts, the German business sentiment index of the ifo economic research institute of the University of Munich worsened in June. According to the...
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BusinessEurope is holding its summit in Budapest
The European Employers’ Association, BusinessEurope, will hold the Council of Presidents meeting in Budapest on June 27-28 – the National Association of Employers and Manufacturers (MGYOSZ) informed MTI on Monday....
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Lidl calls on contractors as it looks to open hundreds of stores
Lidl is calling upon contractors to sign up for a series of events as it looks to expand its network with hundreds of new store openings. Aimed at both creating...
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The new wave of flu drugs and tourism: The Hungarian Tourist Agency’s innovative marketing campaign
In recent years, the role of influenza drugs has become increasingly important in tourism, especially among the 25-40-year-old age group. Zoltán Guller, the president of the Hungarian Tourism Agency (MTÜ),...
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Estée Lauder completes $1.7b acquisition of DECIEM
The Estée Lauder Companies Inc. has finalised its acquisition of DECIEM Beauty Group Inc., a Canadian multi-brand company known for its flagship brand, The Ordinary. The deal, completed on 31...
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European SUP Directive Sees Caps Tethered To Plastic Bottles
The European Single-Use Plastic (SUP) Directive will see bottle lids required to stay attached to PET bottles under three litres from July. As a result of the impending rule, the...
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The MMSZ HoReCa and Event department is preparing for a new event
On June 11, the HoReCa and Event section of the Hungarian Marketing Association held its current quarterly meeting at the METRO Gastro Academy, where the membership evaluated the results of...
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Somat 5in1 dishwasher capsule
The first 5 chamber dishwasher capsule in the market. High-performance Somat capsule, containing powder format dishwasher detergent and 4 individual dishwashing gel chambers, in biodegradable, water-soluble film. Contact: Henkel Magyarország...
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Shares in Carlsberg plunged after Britvic rejected a takeover bid
Shares in Carlsberg suffered their biggest one-day fall in more than four years after British soft drinks maker Britvic said it had rejected a £3.11bn takeover offer from the Danish...
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