Market News
Lower meat prices
According to AKI slaughtering statistics, 178.9 thousand tonnes (live weight) of poultry were slaughtered in Hungary in the first three months of 2024, 15% more than in the same period...
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Social responsibility and billions in savings – employment of people with disabilities creates value
Every year, domestic enterprises pay almost HUF 200 billion as a rehabilitation contribution to the state coffers, since the proportion of employees with disabilities does not reach five percent. According...
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Beer prices in Budapest are favorable
Significant differences can be observed in the prices of draft beers between major European cities. Oslo follows the Icelandic capital with 9.6 euros and Copenhagen with 8 euros. Other big...
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Food e-commerce isn’t for everyone (yet)
The democratisation of online grocery shopping is taking longer than initially expected given the worldwide hype around e-commerce. Persistent cost inflation has forced retailers to launch initiatives to curb staff...
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Walmart to remove self-checkouts from some of its stores
Following Target, Dollar General and other chains, Walmart has begun to recalibrate its strategy for self-checkouts and the checkout experience. Walmart is removing self- checkouts in some of its stores...
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József Bock received the Lifetime Achievement Award of the Hungarian Wine Academy
The signal of the Hungarian Wine Academy, in honor of winemaker József Bock, rang out in the Hunting Hall of the Parliament. The Villány specialist was greeted by his family...
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Kifli.hu has also reached summer camps with its healthy offer
Kifli.hu, which has already proven itself with the kindergarten catering program, continues to expand its services and makes its offer available in summer camps as well. The company also wants...
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This is how big chain stores prepare for the Balaton season
As summer arrives, it brings significant changes to the opening hours of stores in Hungary, especially around Lake Balaton and other popular resorts. Vacations at the Hungarian seaside have become...
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Restoring the EU’s competitiveness is the most important thing
Restoring the competitiveness of the European Union is the most important priority in the program of the Hungarian EU presidency, said the Parliamentary State Secretary of the Ministry of European...
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South Korea’s dermocosmetics market ranks 6th globally
It has attracted competition from „concept-dermo,” „dermo-inspired” and „pharma-dermo” brands. South Korea ranked sixth in the global dermocosmetics market in 2023, according to Euromonitor’s latest Beauty and Personal Care research....
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K&H: What happened to the HUF? What would be needed in Hungary and what can be expected in Europe?
Despite the weakening of the forint seen in recent days, the euro may remain in the band between 385 and 400 forints this year. At least that is what Dávid...
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Adoption of the European Green Agreement and its effects on the agricultural industry
At the beginning of the week, despite protests from several countries including the Netherlands, Italy, Sweden, Finland, Poland, and Hungary, and with Belgium abstaining, the European Union’s Environmental Council ultimately...
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Metro Italia Expands In Sardinia With Olbia Store Plans
Wholesaler Metro Italia has announced plans to open its third store in Sardinia in the spring of 2025, catering to the booming tourism and hospitality industry in the region. The...
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Fortenova takeover by Croatia businessman gets EU clearance
Fortenova makes drinks brands including Jana water and iced teas, plus Jamnica water and soft drinks A takeover of Croatia’s Fortenova Group by OpenPass, led by local businessman Pavao Vujnovac,...
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Speciesism in AI could hinder animal welfare reforms and the shift to plant-based diet
Speciesism is a strengthening concept in animal ethics that claims a moral advantage for members of the human species. According to Food Ingredients First, animal rights groups are concerned about...
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KPMG: Currently, every third company feels prepared for ESG-related regulations
According to the latest research from KPMG, approximately a third (29%) of companies feel they are ready for independent certification of their ESG disclosures, up from just 4% nine months...
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84% of Hungarians plan to pay by card or smart device during their trip abroad
40% of Hungarians are planning a holiday abroad this year, and the most popular destinations are Italy and Croatia. The card usage experience of OTP Bank customers also shows that...
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Domestic slowdown vs. soaring Temu
NorbertAccording to GKID and Mastercard’s Digital Commerce Survey 2024 report, the Hungarian e-commerce market still showed growth in 2023 (8.5%), but this was a significant decline from the double-digit growth...
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Tetra Pak Hungária Zrt. and Tej Szakmaközi Szervezet es Terektánács have renewed their cooperation agreement.
Tetra Pak Hungária Zrt. and the Tej Szakmaközi Szervezet és Terektánács renewed their cooperation agreement again. The contract was signed by Áron Tamás, Key Account Director, on behalf of Tetra...
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This is why startups fail in the first three years
The first three years are the most critical in the life of startups, because this is when most good ideas fail. According to the start it @K&H incubator program, there...
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Minimum effort, maximum experience – the ideal promotion for 2024
The Promotion of the Year 2024 competition, organised by Trade magazin, has once again put the world of promotions in the spotlight. This article is available for reading in Trade...
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How do factories solve seasonal labor shortages?
In Hungary, the rules prescribed by the Labor Code apply to employees in the company’s own staff and temporary workers, including foreigners, when granting holidays. From an HR point of...
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Harvesting has begun across the country
The harvest has started all over the country, thanks to the invigorating export, the warehouses are almost empty by now – said the State Secretary of the Ministry of Agriculture...
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Albert Heijn publishes climate impact of 1,100 private label products
Albert Heijn is to publish the “climate impact” of 1,100 private label products in stores and its digital app, as part of a collaboration with Vienna-based climate technology start-up inoqo.The...
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The producer price of the slaughter heifer decreased by 37 percent
According to the AKI’s slaughter statistics data, cattle slaughter in January-April 2024, expressed in live weight, was 11.5 percent below the January-April 2023 quantity. Cows, which account for two-thirds of...
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GVH’s program for educating people on conscious internet use has closed a successful semester
The staff of the Economic Competition Office (GVH) held classes for a total of more than 4,000 students in 175 classes of 52 schools in recent months as part of...
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Albertsons aims to make TV advertising less complex
The grocer’s new Collective TV unit wants to help advertisers launch and measure the impact of ad campaigns across streaming and digital video using a unified platform. Albertsons Media Collective...
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Danone aiming to scale up precision fermentation with aid of partners
The Activia brand owner hopes its newly-announced project will aid the development of healthier products. French dairy giant Danone is teaming up on a project to invest in precision fermentation....
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Hungary exceeded the target number for the collection of packaging materials contaminated with plant protection agents
Hungary has exceeded the target number for the collection of packaging materials contaminated with plant protection agents – MOHU MOL Hulladékgazdászólji Zrt. announced in a joint statement to MTI with...
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Hungarians don’t really want to pay in cash anymore
In the first quarter of 2024, the number of Hungarian bank card cash withdrawals barely exceeded 20.6 million, which means an average of two transactions per card in three months....
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