Market News
Hungarian banana history: from rarity to staple food
Bananas have long been a popular fruit worldwide, but there are still many misconceptions surrounding them. For example, few people know that bananas do not ripen on trees, or even...
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K&H: smart devices are unstoppable
There has been a spectacular growth in mobile payments among K&H customers: in 2024 they spent nearly HUF 602bn using their smart devices, a 60% rise compared to a year...
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This year’s call for applications for the European Enterprise Development Award has been published
This year’s call for applications for the European Enterprise Promotion Awards has been published, and the Ministry of National Economy (NGM) is waiting for applications for creative, innovative and unique...
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Based on employment data, Hungary is among the leaders in Europe
According to the data of the Central Statistical Office, in February 2025, nearly 4.7 million people worked in our country. The number of employed people remains outstanding, while the unemployment...
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Government steps may also be taken to restrict banking and telecommunications
The government would not only intervene in the pricing of basic foodstuffs, but would also open new fronts in the fight against price increases, according to a statement by the...
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Adherence to protective measures can stop the spread of foot-and-mouth disease, experts say
Adherence to protective measures can stop the spread of foot-and-mouth disease, so the most important thing is to follow the rules in a disciplined manner, experts said at a press...
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NGM: government will preserve the purchasing power of pensions
The government is committed to providing stable and predictable living conditions for pensioners. In January this year, the government increased pensions by 3.2 percent, which provided substantial assistance to approximately...
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Hungary’s most comprehensive Generation Z research published
Diversum, Quantum Digitális Diákszövetkezet, Krisztián Steigervald (SteiGen) and PwC have published the Gen Z Report, Hungary’s most comprehensive research on Generation Z to date. This article is available for reading...
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Margin freeze, small store support, new authority – what awaits Hungarian buyers and traders?
The margin freeze that came into effect on March 17, 2025 has brought spectacular price reductions for several basic foodstuffs, and consumers are happy – but in the background, the...
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The Ministry of Agriculture and the University of Debrecen have signed a strategic cooperation agreement
The strategic cooperation established between the Ministry of Agriculture and the University of Debrecen expresses our common goals, strengthening the competitiveness of Hungarian agriculture and developing the effectiveness of the...
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The situation of young people is improving, according to their own admission
Young people’s perception of their current situation and future expectations has improved significantly: in the first quarter, the K&H Youth Index value increased to 22 points, which is a record...
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Government price controls once again
Citing high food inflation, the government has introduced a new price control measure: from 17 March retailer’s margins on 30 basic foodstuffs can’t exceed 10%, calculated on the basis of...
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NKFH: Consumer protection officers inspected hundreds of stores and restaurants operated in the Far East
Consumer protection authorities inspected hundreds of shops and restaurants operated in the Far East, and fines of around 20 million forints were imposed during the nationwide targeted inspection, and 15...
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More than a third of UK farms at risk of bankruptcy by 2030 due to inheritance tax changes
A new study of 2,000 UK farms has highlighted the impact of the so-called “family farm tax” on farming. The study found that more than a third of UK farms...
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The government provides all resources to eradicate the foot-and-mouth disease virus
The government provides all human and financial resources to eradicate the foot-and-mouth disease virus; nothing can jeopardize the safe food supply – said the Minister of Agriculture in a video...
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Délifrance acquisition makes Vandemoortele market leader
Belgian Vandemoortele has acquired French bakery group Délifrance to form Europe’s (according to some even the world’s) largest producer of frozen bakery products. Global ambitions Vandemoortele’s second acquisition in a...
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National monitoring network helps farmers in effective pest control
The national monitoring network of the National Chamber of Agriculture has been expanded with new points. Weekly trapping data helps farmers to carry out the necessary plant protection treatments in...
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Kosovo’s Viva Fresh Store Acquires SPAR Albania
Kosovo’s largest retail chain, Viva Fresh Store, has acquired SPAR Albania from local investment group Balfin for an undisclosed amount, reported Albanian portal Monitor. After securing exclusive franchise rights and...
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Nébih: measures due to the foot-and-mouth disease epidemic have been amended and supplemented
In order to curb the foot-and-mouth disease (FMD) epidemic, the national chief veterinarian will introduce new measures from March 30 and modify existing ones: among other things, the organization of...
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US Food and Drug Administration’s vaccine director resigns
The director of the U.S. Food and Drug Administration’s (FDA) Center for Biological Evaluation and Research, responsible for vaccines, is resigning, citing the inability to work with the new health...
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Aldi to Shut Down Its Online Store in September
Aldi is withdrawing from the online business and will shut down its online store at the end of September 2024. This marks the end of a joint project between Aldi...
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Egg crisis in the USA: not only the bunny is looking for eggs before Easter, but also the government
In the United States, egg prices have skyrocketed in recent months, thanks to the bird flu epidemic and the resulting supply shock. Wholesale prices have sometimes reached $8 (about 3,000...
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Constant own-brand growth at METRO
Already 5 countries with sales share of more than 30%. METRO’s strategic focus on own brands is having an increasingly clear effect and has continued at the beginning of the...
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Ministry of Agriculture: Damage mitigation support arrives, helps with spring work
By the end of March, more than 10,000 farmers will receive approximately 30 billion forints in agricultural damage mitigation benefits following the damage events that occurred last year. The area...
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NGM: 2025 is the year of breakthrough, catching up will not be stopped
According to Eurostat data published on Thursday, in 2024, Hungary’s GDP per capita measured at purchasing power parity was 77 percent of the EU average, ahead of Slovakia, Latvia, Greece...
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EY: Hungarian companies are already being attacked with artificial intelligence
Artificial intelligence (AI) has become a common tool for corporate fraud in Hungary, according to a survey conducted by EY with 50 Hungarian compliance and security leaders. According to experts,...
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PICK attacks on the salami front: the campaign for Generation Z educates and entertains
PICK Winter Salami has been an indispensable part of Hungarian tables for more than a century and a half, but the brand has now turned to a target group that...
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Continuous monitoring of compliance with margin reduction
The goal is to keep food cheap for a long time, which is why consumer protection inspectors are constantly checking compliance with the margin reduction, said the head of the...
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The Hungarian Village program is expanding with the support of small town shops and pubs and two additional elements
The government has decided to expand the Hungarian Village program with four elements – support for small-town shops and pubs, as well as a program for church renovation and the...
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The communications industry finally started growing in real terms in 2024
The 2024 MRSZ Media Cake is HUF 384.4 billion, the MRSZ Communication Cake is HUF 715 billion. The industry’s performance, having come off the roller coaster of the previous period,...
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