Market News
How retailers are leveraging AI chat
According to the 2024 Retail AI Chat Adoption Survey from conversational AI platform provider On, almost three in four (73%) surveyed C-suite executives from major U.S. retailers have already implemented AI chat...
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Russian discounter Mere relaunches as My price in Belgium
Active expansion in Serbia and the Baltics The Russian hard discounter Mere does not give up on Western Europe. After the no-frills operator in 2022 pulled the plug on its...
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Lidl Denmark Opens 150th Store
Lidl Denmark has announced that it has opened its 150th store in the country, in Østerbro. The new outlet is also Lidl Denmark’s first store in the Copenhagen municipality that...
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NAV: more than 25,000 liters of alcohol of unknown origin were seized by the tax inspectors in a distillery
The tax authorities seized more than 25,000 liters of alcohol of unknown origin in a distillery – the National Tax and Customs Office (NAV) informed MTI on Monday. According to...
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Tens of thousands of fake products were seized by financial officers at a market in Józsefváros
In recent days, the National Tax and Customs Administration (NAV) raided the Józsefváros Golgota út market, where tens of thousands of fake products and printing plates were seized by the...
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In February, the economic index of GKI decreased by 3 points
According to a survey conducted by the GKI Gazdaságkutató – with the support of the EU – in February, business expectations changed only within the margin of error, but the...
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In Hungary, approximately 20,000 businesses operate in the franchise system
According to estimates, more than 100,000 people are employed by franchise businesses in Hungary, which are characterized by the fact that they offer products or services connected to an established...
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Coffee, tea, cocoa can be luxury products
The prices of coffee, tea and cocoa may rise significantly in the near future: the combined effect of climate change and geopolitical tensions poses a serious threat to our wallets...
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In neighboring countries, food prices are already more than twenty percentage points lower
According to a recent research, food prices in neighboring countries are more than twenty percentage points lower than in Hungary. Based on a survey by the Magyar Nemzeti Bank, RTL...
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Hungarian winemakers across the border can also count on the support of the mother country
The Ministry of Agriculture pays special attention to the development of the historic Hungarian wine regions and to the support of the community of Hungarian winemakers abroad, stated István Nagy,...
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Gergely Suppan: the domestic labor market is stable
The domestic labor market is stable, and employment reached its peak after the regime change in Hungary, said the leading economist of the Ministry of National Economy (NGM) in the...
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The winners of the Debrecen wine competition were announced
This year’s winners of the city wine competition in Debrecen were announced in seven categories on Wednesday, at the local Mercur hotel. The winners can hold the title of Debrecen...
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The role of veterinarians is indispensable in domestic agriculture
Veterinarians play a fundamental role in protecting the health of animals, in combating infectious diseases and in examining the meat of animals intended for slaughter, Minister of Agriculture István Nagy...
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The European Commission would simplify the obligations and administrative burdens of farmers
The European Commission is proposing a number of short- and medium-term measures to reduce the administrative burden on EU farmers, the Brussels body informed on Thursday. Among other things, the...
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Russian Discounter MyPrice Makes Second Attempt To Crack Belgian Market
Russian hard discounter MyPrice, formerly known as Mere, hopes it will be second time lucky in cracking the Belgian market. After its previous attempt ended abruptly, the parent company has...
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Carrefour on track with ‘Digital Retail 2026’ strategy
Investment focus in CEE on Romania, while high competition in Poland lets franchise network dwindle Carrefour improves its financial soundness and moves ahead on its way to becoming Europe’s largest...
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Japan releases first official alcohol consumption guidelines
The document is an update of drafted guidelines first released by the ministry last December. Japan has published its first official guidance for alcohol consumption with the aim of reducing...
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The application wave starts in the spring
The drafts of the first calls for tenders for rural development published this year are already available and can be commented on on the CAP thematic page of the Ministry...
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Beyond Meat unveils its ‘most significant renovation to date’
The company’s fourth generation of its plant-based beef adds nutrient dense ingredients and replaces coconut and canola oils. Plant-based pioneer Beyond Meat unveiled Beyond IV, the fourth generation of the...
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NAK joined the call sent to the EU by EU agricultural interest representatives
The National Chamber of Agrarian Economy (NAK) has joined the Copa-Cogeca open letter, in which the EU’s agricultural producers and cooperatives are asking the president of the European Commission to...
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The latest issue of Trade magazine is out now!
The digital version is available with more content once again, and can be read by clicking on the front page below. All in all, we recommend you to read the...
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Fidelity Analyst Survey 2024 – Nobody’s Talking About Inflation Anymore
The past two years have been marked by the fear of how severe the first sustained economic slowdown since 2008 will be. Based on Fidelity International’s annual survey, it appears...
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Semmelweis University and the BioTechUSA company group together against eating disorders
With the support of the BioTechUSA group of companies, the Psychosomatics Department of the Institute of Behavioral Sciences of Semmelweis University implemented an innovative self-help program for family-based treatment of...
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Péter Szijjártó: the Hungarian-Iranian agricultural cooperation agreement opens up new opportunities
The new agricultural cooperation agreement concluded between Hungary and Iran opens up new trade opportunities in the agricultural and food industry, Minister of Foreign Affairs and Trade Péter Szijjártó announced...
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KSH: gross average earnings were HUF 655,600 in December 2023, 16.4 percent higher than a year earlier
In December 2023, the gross average salary of those employed full-time was HUF 655,600, and the net average salary calculated with allowances in mind was HUF 451,300. The gross average...
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Agrometeorology: the early development of vegetation may gain momentum again
The lower average temperature of the past week slightly restrained the premature, rapid development of vegetation, but it may gain momentum again due to the mild weather of the next...
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Italy’s Crai Targets €1b In Private-Label Turnover By 2028
Italian retail cooperative Crai plans to increase the turnover generated from its private-label ranges from almost €350 million to around €1 billion by 2028. The retailer plans to introduce the...
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Danone ‘to sell off operations in Russia’
Danone is reportedly intending to sell its operations in Russia to local dairy group Vamin Tatarstan. The reports have emerged a day before the French giant is due to release its...
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The farmers of the Visegrad countries demonstrated together
Czech, Slovak, Polish and Hungarian farmers held a joint demonstration. Organized by the National Chamber of Agriculture, the Association of Hungarian Farmers’ Unions and Farmers’ Cooperatives, as well as the...
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Lidl UK looks for outside funding
The discounter wants to raise around 90 mn GBP from investors to build 12 new stores Lidl in the United Kingdom looks for new ways to finance its store network...
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