Market News
Retail sales in Russia slowed, but industrial production growth accelerated, unemployment at record low
Russia’s retail sales slowed in October, while industrial production growth accelerated and unemployment hit a historic low. Retail sales growth slowed to 4.8 percent in October, down from 6.5 percent...
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Innovation and knowledge transfer also play a significant role in increasing sustainability
It is necessary to spread modern technologies and sustainable practices in agriculture to address environmental challenges. This also helps the long-term competitiveness of the sector. The National Environment, Water Management...
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Hungarian cycling publication wins prestigious award
The largest domestic cycling promotion organization, the Hungarian Cycling Club, won 1st place in Content Development with its educational programs in the European Adult Education Platform competition. The publication can...
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Well-used artificial intelligence saves us time and money
The Christmas season can be joyful, but it can also be financially stressful. Spending on gifts, festive meals and travel can easily exceed your budget if you don’t plan carefully....
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New products in the shower and outside!
This article is available for reading in Trade magazin 2024/11 According to a NIQ report, the shower gel market grew by 16.7% year-on-year in the January-August 2024 period. This growth...
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The range of HIR trademarked products has further expanded
On the 10th Jubilee Producers’ Communities Day, 22 products from 12 applicants were granted the right to use the HIR trademark, bringing the number of HIR trademarked products to 238,...
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The range of HIR trademarked products has further expanded
On the 10th Anniversary of Producers’ Communities Day, 22 products from 12 applicants were granted the right to use the HIR trademark, bringing the number of HIR trademarked products to...
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Donald Trump’s planned tariffs pose challenges for the US alcohol industry
US presidential candidate Donald Trump has proposed a 25% tariff on products from Canada and Mexico, which could have a major impact on the US alcohol industry. The proposed measure...
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FAO and AM scholarship program a prominent opportunity for developing countries
Within the framework of the agreement between FAO and the Hungarian government, more than 400 students from 47 countries have received scholarships until the autumn semester of 2024. The Ministry...
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This year’s drought had a negative influence on the performance of the canning industry
This year the domestic canning industry bought a mediocre sweetcorn crop and a weak green pea crop. This article is available for reading in Trade magazin 2024/11 According to the...
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Innovation and knowledge transfer also play a major role in increasing sustainability
It is necessary to disseminate modern technologies and sustainable practices in agriculture to address environmental challenges. This also helps the long-term competitiveness of the sector. The National Environment, Water Management...
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ENVIRONTEC: sustainability and innovation
Three-day trade fair “ENVIRONTEC powered by ÖKOINDUSTRIA” took place at HUNGEXPO and was a real success. This article is available for reading in Trade magazin 2024/11 More than 100 exhibitors...
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Aldi Süd expands its fresh food network
Aldi Süd is expanding its network of fresh produce platforms in the fruit and vegetable sector, with the opening of a new site near Karlsruhe at the end of 2025,...
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The range of HIR trademarked products has further expanded
On the 10th Anniversary Producer Communities Day, 22 products from 12 applicants were granted the right to use the HIR trademark, bringing the number of HIR trademarked products to 238....
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Ferrero invests in hazelnut sourcing as it grows US production
The company awarded $340,000 to Oregon State University and Rutgers University to increase collaboration with local farmers, producers and distributors. Ferrero Hazelnut Company, a division of sweets maker Ferrero Group,...
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Amazon experiencing bottlenecks in logistics
Ecommerce giant Amazon is currently having capacity problems in its logistics centers in Europe. It is now warning sellers that it cannot accept all shipments. This means that merchants might...
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Domestic melon producers have had an average year
Despite occasional market disruptions and fluctuating prices, domestic producers consider this year’s melon season to be average. At a joint meeting of the Melon Working Group of the National Chamber...
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Aldi Süd Unveils ‘Aldi DX’ Digitalisation Arm
Aldi Süd has announced a new umbrella brand for its IT services, Aldi DX, which will be responsible for future digitalisation projects and initiatives operated by the discounter. The ‘DX’...
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Let’s eat as many Hungarian walnuts as possible, and not just in December!
The season of walnut cakes has arrived. It is no coincidence that the demand for the essential ingredient for Christmas bagels, gerbeau and snow cookie increases at the end of...
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Lidl prepares for Biedronka’s market entry in Slovakia
Lidl in Slovakia underlines its claim to price leadership. The discounter is permanently cutting prices on basic groceries, thus anticipating a VAT reduction that will become mandatory at the beginning...
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AM: the importance of the beekeeping sector goes beyond itself
The importance of the beekeeping sector goes beyond itself, honey can be imported, but pollination cannot – stated István Nagy, Minister of Agriculture, at a conference on the future of...
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GKI analysis: Growing budget
When submitting next year’s budget, it is worth reviewing how much the Government has spent from taxpayers’ and creditors’ money over the past 14 years and on what. In agreement...
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Christmas Baking Will Be More Expensive This Year: How to Save on Ingredients
Christmas baking in 2024 is expected to be significantly more expensive, as the prices of essential ingredients have continued to rise in recent months. Flour, sugar, butter, and eggs—the staples...
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Experts urge organic revolution in public catering
Everything is in place for valuable organic food produced domestically to be included in public catering instead of leaving the country, and all this would cost hardly more than it...
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Loyalty programs offer real discounts, CMA investigation finds
The UK’s Competition and Markets Authority (CMA) has found that loyalty programs at major supermarkets typically provide real savings, with 92% of discounted items genuinely cheaper than their usual prices....
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PwC Digital Finance Landscape: Digital payment solutions are shaping customer decisions
The rapid evolution of digital payment solutions is transforming how we manage our finances. Beyond traditional bank cards, mobile payments, instant transfers, and new-generation Buy Now, Pay Later (BNPL) options...
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YouGov, which acquires CPS GfK, redefines the future of market research
Ten months after YouGov, the market leader in consumer opinion, motivation, needs and media habits research, acquired CPS GfK, the recognised leader in consumer panel services and the leading provider...
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Focus on the promotion of Hungarian food exports in Slovenia
The capital of Slovenia, Ljubljana, is home to the latest business development station of the Hungarian Food Business Program, established by the Agricultural Marketing Center (AMC), which helps Hungarian food...
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MBH Bank: It is already clear how logistics performance can be doubled
Logistics is the lifeblood of the commodity economy, which, due to the logic of its operation, often provides a very accurate picture of the international position, role and economic integration...
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Forty thousand servings of care: food rescue in Hungary has reached a new level thanks to the collaboration between the Food Bank and a Budapest party service company
On November 20, 2024, the joint hot meal rescue program of the Hungarian Food Bank Association and one of the leading catering companies in our country reached its fortieth thousandth...
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