Market News
Pepsi debuts limited-edition peach and lime flavors for summer
The sodas, which are targeted toward consumers grilling outdoors, further the beverage giant’s strategy to pair its colas with certain foods and occasions. Pepsi is rolling out limited-edition peach and lime...
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NAK organizes a professional day and market presentation focusing on farmers’ markets
The National Chamber of Agrarian Economy and the Corvinus University of Budapest are organizing a professional event and market presentation in the capital under the title Producer’s market in the...
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K&H youth index: Young people do not feel their jobs are stable
According to the K&H youth index, the proportion of young people who considered their jobs stable in the first quarter of this year was 47 percent, which is a relatively...
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We don’t eat enough vegetables and fruits
Based on the latest data provided by Freshfel Europe, Hungary is at the bottom of the middle range of the European Union’s fresh market fruit and vegetable consumption ranking. During the...
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This year, the BME welcomes young people who are about to choose a career with a number of programs
The Budapest University of Technology and Economics (BME) will once again join the national career guidance event called Girls’ Day: on Thursday, the six faculties of the university welcome those...
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The quarterly results of the SZÉP card confirm the entrepreneurs’ proposal
According to the announcement issued by the Ministry of National Economy on April 22, looking at the first quarter of 2024, it can be established that in the first three...
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Fish production in Hungary: the industry is struggling with a growing labor shortage
Despite low feed prices and good water levels, the Hungarian fish production sector still faces many challenges. The main problems include low support, lack of development, declining consumption and chronic...
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Artificial intelligence in winemaking: new technology is changing the way wine is made
Artificial intelligence is revolutionizing American winemaking, enabling remote monitoring of vineyards and optimization of the winemaking process. Although critics argue that this technology takes away the human nature of winemaking,...
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The new gold mine: bubble tea
In recent years, bubble tea or “bubble tea” has gained enormous popularity worldwide. This drink of Taiwanese origin already has a significant economic impact in China, and has made several...
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Plant-based meat substitutes need new messages in 2024
Sales of the category, which initially exploded due to a number of factors, slowed down last year. This article is available for reading in Trade magazin 2024/4 Since the sector’s...
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Fruit growers cannot rest completely yet
By the second half of April, the flowering of fruit trees in Hungary has finished, indicating that nature is significantly ahead compared to previous years. As a result of the...
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Eleven new stores to back Mercadona’s growth in Portugal
Spanish retailer Mercadona plans to open 11 new stores in Portugal in 2024, increasing its presence in the country. The expansion would bring the chain’s total number of stores to...
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Grant Thornton survey: Flexibility and an inclusive work environment can help retain accountants
Not only recruitment, but also retention poses serious challenges to employers in the financial and accounting sector. Finding and hiring the right specialist is only the initial step for employers....
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The import of fresh eggs increased by 71 percent
Based on data from the European Commission, EU (EU27) egg and egg product imports increased by 68 percent to 9,000 tons in January 2024 compared to the same month of...
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Emmi acquires majority stake in Brazilian dairy producer from Coca-Cola
Emmi Group’s Brazilian subsidiary, Laticínios Porto Alegre, will acquire a majority stake in dairy product producer Verde Campo from Coca-Cola in the state of Minas Gerais, subject to approval by...
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Aldi Süd Opens Mixed-Use Property Near Karlsruhe
Discounter Aldi Süd has developed a mixed-use property in Waldbronn near Karlsruhe in Germany, which includes both retail and residential space. Retailers at the new local shopping centre have opened their...
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Full-time jobs in retail sector are in demand
Retailers are seeing increased interest from job seekers looking for full-time positions. That’s according to the “iCIMS Insights April 2024 Workforce Report,” which found that applications per opening (APO) for full-time...
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The volume of beef imports increased by 24 percent
Based on KSH data, Hungary’s live cattle exports increased by 6.2 percent in January 2024 compared to January 2023. The main partners were Kosovo, Croatia, Austria, Turkey and Albania. Hungary’s...
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Plant-based foods are taking over
Both manufacturers and distributors in the plant-based segment are trying to keep up with consumer demand, experimenting with innovative products and sustainable solutions. This article is available for reading in...
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Dairy substitutes: product developers are focusing on hybrid concepts and price parity
Once limited to soya milk, plant-based dairy alternatives are now much more diverse in terms of ingredients and formats: a wide range of non-dairy cup and drinkable yogurts, cheeses, creams...
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Waitrose introduces oat milk coffee vending machine
Waitrose has introduced a vending machine specifically designed to serve oat milk coffee in one of its stores. It isn’t yet clear whether this is a one-off, a trial or...
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Nestlé invests CHF 80m in plant-based food plant in Serbia
Swiss food giant Nestlé has invested CHF 80m in the opening of a new plant-based food factory in Surčin, Serbia. This article is available for reading in Trade magazin 2024/5...
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Danone US to discontinue two plant-based milk alternatives
The decision to stop the production of Silk Nextmilk and So Delicious Wondermilk comes as sales of the alternative category fell in 2023, after four consecutive years of growth. This...
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These are the 20 most vegan-friendly cities in the world in 2024
HappyCow is a platform that evaluates plant-based, vegan and healthy food venues, and the website has recently published list of the 20 most vegan-friendly cities in the world – once...
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More high-quality plant-based private label products
According to PLMA, European private label sales will reach a record EUR 340bn in 2023. This article is available for reading in Trade magazin 2024/5 V-Label says this is partly...
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Wolt launches hybrid delivery service
In mid-April Wolt started the Wolt Hybrid Delivery service, which makes it possible for restaurant managers to choose whether to use Wolt’s network of courier partners or their own delivery...
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Reversal instead of filling the digital gap
Digiméter has measured the digitalisation level of Hungarian small and medium-sized enterprises (SMEs). This article is available for reading in Trade magazin 2024/5 The main index score was 40 on...
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Every third Hungarian cardholder regularly pays with their mobile
Mastercard published the results of its research entitled “Bank Card Usage Habits and Attitudes” at the end of March. This article is available for reading in Trade magazin 2024/5 With...
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Brand reputation could suffer because of falling living standards
KPMG’s Global Customer Experience Excellence Research 2023-2024 report has summarised the experiences of more than 81,000 customers in 21 countries. The survey covers around 3,000 brands. This article is available...
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Raw milk’s price stays put
According to AKI PÁIR, the producer price of raw milk in Hungary was HUF 164.3/kg in February 2024. This article is available for reading in Trade magazin 2024/5 With a...
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