Market News
According to forecasts, 300,000 people may be missing from the Hungarian labor market by 2030
At a recent conference held by the Employers and Industrialists National Association (MGYOSZ), Sándor Czomba, State Secretary of the Ministry of National Economy, reported that Hungary could face a shortage...
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This year’s Russian grain harvest could be the lowest since 2021
This year’s Russian grain harvest may be the lowest since 2021, according to a report presented on Wednesday by SovEcon, a Russian economic research company specializing in the study of...
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New crops may conquer farmland
Sweden’s OlsAro, a start-up developing crop varieties resistant to environmental stressors, plans to launch a salt-tolerant wheat variety in the near future. This article is available for reading in Trade...
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NAV: the same tax rules apply to students taking up summer work as to other employees
The same rules apply to the reporting and taxation of students who undertake summer work – with the exception of work undertaken through the student cooperative – as for other...
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From July 7, big changes are coming to the new car market, companies and motorists can count on this
From July 2024, only newly manufactured vehicles can be put on the market in Europe that have the prescribed, advanced safety and driving support systems. According to EU legislation, all...
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Promotions are increasingly important
Promotions are becoming increasingly important: in 2023 promotional sales already accounted for 32% of total sales and this figure is expected to increase further in 2024. Tünde Turcsán, managing director...
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Euro zone inflation rose to 2.6 percent in May
Inflation in the Eurozone was 2.6 percent in May, exceeding April’s 2.4 percent, the statistical office of the European Union, Eurostat, announced as final data on Tuesday. A year earlier,...
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Rising Costs and Declining Quality Hinder Use of Reusable Products, New Study Shows
Nearly 70% of people are willing to purchase reusable products, but nearly the same number say high prices have kept them from doing so, according to a new survey from...
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Hungaricums: szaloncukor and Aranyfácán tomato paste
“Hungaricums and national values are not only important for the sake of preserving heritage. These uniquely Hungarian characteristics represent us and help in our survival,” said István Nagy, the Minister...
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Balázs Hankó: the goal is for Hungary to be among the top 10 innovators in the world by 2030
The government’s goal is for Hungary to be among the top 10 innovators in the world by 2030, said Balázs Hankó, the future Minister of Culture and Innovation, on Tuesday...
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National tobacco shops further increase their share in FMCG sales
FMCG sales by National Tobacco Shops exceeded HUF 187bn in April 2023-March 2024, growing by 13% compared to the previous period. This has put the tobacco shop sales channel in...
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The cherry consumption promotion campaign has started
While last year it was later than expected, this year the cherry season started earlier than usual due to the weather conditions. For this reason, the Agrármarketing Centrum (AMC) campaign...
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A business can even double its company value if it uses its data assets well: 4 tips from the expert
After the initial frenzy, the picture is becoming increasingly clear as to how a business, regardless of industry, can gain concrete monetary benefits with the help of the latest achievements...
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EY: Customers fear data theft – global research
More and more customers are worried about the leakage of their data provided during the purchase, which forces retailers to take action as well, according to EY’s latest international survey...
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Targeted subsidies help domestic potato cultivation
It is a priority to ensure that domestic potato production is competitive and that farmers have an adequate commodity base – said Sándor Farkas, Deputy Minister of the Ministry of...
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NAV: a license is not required for the non-commercial transport of excise goods in the EU
The National Tax and Customs Administration (NAV) told MTI on Tuesday that a private person does not need a permit for the non-commercial transport of excise goods – such as...
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The price of eggs at the packing point is 19 percent lower than a year ago
According to data from the European Commission, the packing point price of table eggs in the EU was 220 euros/100 kilograms in the first twenty-three weeks of 2024, 13 percent...
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The summer “cucumber season”, the vacation period, has begun
The summer “cucumber season”, the period of vacations, has begun, but summer does not mean a lack of events, since new labor is needed at this time as well, and...
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István Nagy: the starting point of Hungarian agriculture is quality production
In the ever-stronger international competition, the starting point of Hungarian agriculture can be the increase of added value and the level of processing, the production of high-quality food, said István...
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Lidl to increase plant-based product sales in Belgium by cutting prices
From 15 May Lidl permanently reduces the prices of its plant-based milk and meat alternatives to bring them in line with animal products. Plus the share of plant-based protein sources...
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Regional expansion can ensure the future of Hungarian melon cultivation, according to experts
After the successful technology and variety change, regional expansion can ensure the future of Hungarian melon cultivation – said the leaders of the producers’ interest representatives at the National Chamber...
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Coffee blends made with AI in Finland
An artisan roastery in the Finnish capital has launched a coffee blend developed using AI. This article is available for reading in Trade magazin 2024/6-7 The company hopes the technology...
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OTP: the arable land market contracted last year as well
The arable land market narrowed further in 2023: in 29 percent fewer transactions, 3 percent less arable land changed hands than a year earlier – according to the latest OTP...
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Plant-based investor Ahimsa Companies eyes more deals
The US investor has recently acquired plant-based ready-meals business Wicked Kitchen. US plant-based investor Ahimsa Companies is in talks with a clutch of brands to add to its portfolio. Ahimsa...
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K&H: be careful with your bank card even during vacation
Extra caution is also justified during vacations, whether it is a beach holiday or a foreign sporting event such as the European football championship or the Paris Olympics. In addition,...
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Nestlé Launches Air Fryer-Friendly Products To Meet Growing Demand
Food giant Nestlé has developed a range of products suitable for the air fryer, responding to the appliance’s soaring popularity among consumers across the globe. The United States witnessed a...
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Primark Plans Three Stores in D.C. Region
Ireland-based clothing/home retailer Primark (Dublin) has unveiled plans to open its latest U.S. store at Tysons Corner Center in Tysons, Va., July 16. In addition, the company said it has...
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This year’s cherry harvest covers domestic needs
The cherry growers can have a good year because the weather has been favorable, so this year’s crop will surely cover domestic needs, said the state secretary of the Ministry...
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Fitch Ratings: stronger than previously expected global economic growth is expected this year
Stronger-than-expected world economic growth is likely for this year, according to the latest global forecast presented by Fitch Ratings on Monday, mainly due to the significant improvement in the outlook...
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Inflation – how consumers have adapted to constant changes
Andreas Christou, managing director of RetailZoom told at the Trade Marketing Club’s market research day: shoppers are no longer able or willing to spend more. This article is available for...
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