Market News

Company leaders are preparing for a slowdown in the global economy

CEOs around the world expect an economic downturn, according to EY’s international survey of 1,200 CEOs. The decision-makers want to get out of the crisis strengthened by company acquisitions. The...

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György Raskó: trappist will be HUF 1,000 cheaper if the price cap on milk is lifted

If the price cap on milk is introduced, a range of dairy products, including Trappist, would immediately be much cheaper. “If the price cap were to be abolished, prices would...

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Márton Nagy: inflation may be in the single digits by the end of the year, the economy may pick up again next year

Hungary can avoid recession this year with a GDP expansion of 1.5 percent, and inflation may again be in single digits by the end of the year; In 2024, the...

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A severe bread shortage is expected in Slovakia

Rising energy prices present unprecedented challenges to Slovak municipalities. On the evening of January 30, public lights will be switched off in Slovakia to protest that the government has not...

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In Bucharest, the consumer basket containing basic food items has risen in price by 40 percent in just over a year

In Bucharest, the consumer basket containing basic foodstuffs rose in price by 40 percent in one year and three months, while the national average net wage rose by 17 percent,...

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There are also problems with the Chinese economy

In the world’s most populous country, the number of deaths exceeded the number of births for the first time in six decades, meaning that its population is shrinking. All of...

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Greenwashing On Food, Drink, Toiletry Labels To Be Scrutinised In UK

Britain’s competition regulator will consider whether companies selling food, drink and toiletries are wrongly labelling products as “sustainable” or “better for the environment” in its latest probe into greenwashing. The...

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Douwe Egberts parent brews up a strong year

The new strategy of JDE Peet’s, the coffee group over Douwe Egberts, is paying off. The coffee company performed revenue growth of 16.4% last year, in line with expectations. “I...

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Maxima Latvija Launches Scheme To Deal With Bio Waste

Maxima Latvija has unveiled a new initiative that seeks to inform customers about sorting waste and encourage them to review their daily waste habits. The scheme is within the framework...

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Intrum: We will avoid a deep crisis, but a protracted recession and credit crisis may come

Based on the solvency report of Intrum and GKI, the financial situation of Hungarian households is not expected to improve significantly in 2023 either, although the crisis will not be...

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Magyar Bankholding: Economic performance may start to increase this year

By the end of 2023, inflation may be in the single digits, the annual average is expected to be around 17.5 percent, according to Magyar Bankholding’s recent macroeconomic analysis. The...

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Ham forms a separate product group in the Hungarian Food Book – this is what you need to know about it

Ham has been extremely popular for many centuries. Salted, dry-aged Mediterranean hams are the most well-known in the world, but there is no reason to be ashamed of the Hungarian...

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You can’t do it alone – BCSDH Sustainability Partner Search event to achieve net zero goals

The world faces three critical challenges: the climate emergency, the loss of natural diversity and growing social inequalities. Systemic changes are needed instead of isolated measures, which requires deep and comprehensive...

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A master’s degree in marketing can already be completed in English at BGN

From September 2023, a practice-focused master’s degree in marketing, which can be completed in English in up to one year, will be launched at the Faculty of Trade of the...

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Scotch, bourbon and Japanese

According to IWSR, Hungarian whisky sales grew by 20% in 2021. Dávid Gábor Kovács, marketing director of Zwack Unicum Nyrt. can’t feel the effects of the war on the whisky...

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Starbucks To Expand US Delivery Via DoorDash Nationwide By March

Starbucks has expanded its U.S. partnership with DoorDash Inc, betting that its customers will still be willing to pay more to have their high-end drinks delivered even as the pandemic...

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This is how animal by-products can be used as pet food

Feed use is only possible under strict conditions and regulations, taking into account public and animal health risks. In certain cases, Hungarian and EU legislation provides the possibility of feeding...

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GFM: the average salary already exceeds HUF 560,000

According to the latest data of the Central Statistical Office for November 2022, the increase in wages continued. In November last year, the average gross wage was HUF 563,600, i.e....

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István Nagy: technological modernization is taking place in Hungarian agriculture

Technological modernization is taking place in Hungarian agriculture, as evidenced by the fact that the sale of agricultural machinery in Hungary has been growing dynamically for years – said the...

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Ingenico and Fujitsu Frontech presented their palm vein-based payment solution

Fulcrum Biometrics, the North American subsidiary of Ingenico and Fujitsu Frontech, presented the world’s most secure and accurate biometric payment solution based on palm vein identification. The innovation allows stores...

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Colruyt’s unmanned van delivers first groceries to home

After two months of trial runs in an business district, Belgian Colruyt Group‘s self-driving trolley has now actually delivered groceries to the homes of three customers for the first time....

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These Hungarian diplomas are now worth the most

As new students, former students of the University of Szeged expect the lowest starting salary and those leaving Szent István University the highest, but with 10 years of experience, Nyíregyház...

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Hungarian expertise can greatly help the development of Western Balkan agriculture

Hungary is committed to the development of the Western Balkans, a key element of which is the sharing of agricultural expertise – stated Deputy State Secretary for International Relations Dr....

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The government can discuss the elimination of the food price cap as early as this week

Agricultural economist György Raskó announced on Klubrádio that he knows that “the government will discuss this issue” as early as Wednesday. In the budget committee on Monday, when he reported...

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That is why pasta is 82 percent more expensive in Hungarian stores than in Austrian ones

A Hungarian vlogger on TikTok recently demonstrated that while the own-brand pasta of a supermarket costs HUF 1,190 here, the same pasta costs 1 euro 49 cents in Austria, i.e....

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GVH continues its series of consultations to explore the background of food inflation

The Economic Competition Authority (GVH) discussed the economic background of food inflation with experts from the Agricultural Economics Institute as part of its series of consultations started last year, the...

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Monetary advice: Food prices fall to pre-Russian-Ukrainian war levels

The long-term maintenance of strict monetary conditions is necessary, which ensures the anchoring of inflation expectations and the achievement of the inflation target in a sustainable manner – the Monetary...

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New head of sales at the vegan division of Trade Group Europe

Since mid-October Gábor Fekete has been head of sales at the vegan division of Trade Group Europe Kft. – the division’s flagship brand is Plant Revolt at the moment. Mr...

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The EP is fully committed to preventing consumers from being misled

The European Parliament is fully committed to supporting consumers and preventing “green painting”, wrote Edina Tóth, a member of the European Parliament (EP) of Fidesz, in her press release delivered...

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(HU) SIAL Innováció-díj nyertesek

SIAL Innovation Award winners in 2022 Idén a hús- és tenger gyümölcsei helyettesítő alternatívák, a praktikus otthoni elkészítési módszerek, a környezettudatos csomagolás, a környezetvédelmi innovációk és a minél kisebb mértékű...

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