Market News
Black Friday: GVH warns of the importance of conscious shopping before the sale season
Although the official Black Friday will only take place on November 29, various tempting offers and sales have already appeared, with which retailers are trying to grab the attention of...
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MOHU spoke up about the DRS limit
As of October 26, the MOHU reduced the amount available for redeeming beverage packaging to HUF 5,000 in one transaction, in response to the request of the National Trade Association...
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NGM: 1.5 million guests rested in our country in September, the performance of tourism continued to increase
Based on the data of the Central Statistical Office (KSH) and the National Tourist Information Center (NTAK), in September 2024, nearly 1.5 million people visited our country and used the...
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Most consumers believe AI will increase the risk of financial fraud
Americans are worried about an increase in financial fraud, which they say will be exacerbated by the rise of AI. This article is available for reading in Trade magazin 2024/10...
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Consumers also care about ESG considerations
The Mintel Global Outlook on Sustainability 2024-2025 makes it clear: consumers are taking steps to reduce their environmental impact in their daily lives. This article is available for reading in...
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Half of the employees thoroughly research the company before applying for its job advertisement
Almost without exception, employees want to see in job advertisements how much they can earn by filling a specific position, and there is a similar agreement that hiring processes are...
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Wine sales slump as long-term decline continues
Producers in the category — which is facing a long-term decline as younger consumers opt for other drinks — are shifting their approach to the bottled beverages. Wine sales declined 8% in...
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A joint online petition was launched to protect farmers
In order to protect the farming community and maintain a safe food supply, the Association of Hungarian Farmers’ Associations and Farmers’ Cooperatives (Magosz) and the National Chamber of Agriculture (NAK)...
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The producer price of garlic is more than 20 percent higher
According to Eurostat data, the yield of garlic was between 5.2 and 7.1 thousand tons in the last five years, and in 2023, 5.26 thousand tons of garlic were harvested...
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Kaufland Aims For Net Zero By 2050
Kaufland has joined its Schwarz Group stablemate Lidl in announcing plans to be net zero by 2050 across its entire value chain, including Scope 3 emissions. By 2030, Kaufland is...
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Coca-Cola HBC in major product recall in Austria
While the Coca-Cola bottler did not disclose the exact number of bottles recalled, media reports suggest it amounts to around 28 million Coca-Cola HBC has issued a recall for half-litre...
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Helping people living with food intolerance
The Hungarian Dietetic Association (MDOSZ) and Auchan Foundation are working together to provide special food and meals to people living with food sensitivities and diabetes. Three types of recipe books...
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The most beautiful kitchen gardens were also awarded this year
In 2024, the country’s most beautiful kitchen gardens were also awarded. “This initiative not only contributes to maintaining the traditions of home gardening, but also popularizes this activity among the...
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Bananas are in danger: diseases and climatic changes threaten one of the world’s most popular fruits
Global warming and weather extremes are seriously affecting banana cultivation, which is one of the dominant agricultural sectors in tropical regions. However, in addition to the weather challenges, another, at...
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Aldi Süd and Kaufland lead the way in animal welfare in Germany
Aldi Süd and Kaufland are the leaders among German food retail chains when it comes to animal welfare, according to the latest Greenpeace Supermarket Check survey. Aldi Süd took the...
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The prices of fodder crops have risen significantly
According to AKI PÁIR data, the producer price of edible wheat in Hungary excluding VAT and transport costs is HUF 80.1 thousand/ton (+12 percent compared to a year earlier), feed...
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Black Friday 2024: more aware customers and a turnover of 160 billion is expected
Although Black Friday is no longer as attractive to customers as it used to be, this year’s turnover may still reach HUF 150-160 billion, according to recent research by Publicis...
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Kifli.hu, Mastercard and Élélmiszerbank are launching a fundraising campaign for children’s meals
The Magyar Élélmiszerbank Egyesület, with Mastercard and Kifli.hu are launching a fund-raising campaign to support the feeding of needy children and draw attention to the problem of food waste. Kifli.hu...
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A 5,000 HUF limit for reverse vending machines is a reasonable solution
The Hungarian National Trade Association agrees with the recently introduced measure, which sets a HUF 5,000 limit per transaction at cash machines. According to general secretary Katalin Neubauer, the maximum...
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The government announces an innovation program package for micro, small and medium-sized enterprises
The government is announcing an innovation program package for micro, small and medium-sized enterprises worth HUF 181 billion, said the deputy state secretary responsible for innovation of the Ministry of...
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Orange juice, cocoa and apartments are also worth a look
In the case of retail investments, the focus is most often on government securities and various bonds, as well as shares, although it is worth opening up to alternative investments...
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Lőrinc Mészáros sold the Karcag plastics processor to Mol at a significant profit
According to G7’s report, Lőrinc Mészáros sold his company, which owns the plastic processing plant in Karcág, to Mol at a significant profit. The plant produces recycled granules from PET...
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K&H: albeit with a delay, Hungarian companies follow global AI use trends
This article is available for reading in Trade magazin 2024/10 According to K&H’s innovation index, Hungarian companies are lagging behind a little, but they are following global trends in AI...
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Is the real breakthrough in domestic organic farming coming?
A call for tenders entitled Support for Organic Farming (ÖKO) was recently published, which provides area-based support for the next five years to those who bring their traditional areas under...
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Strengthening producer organizations is the key to the future of the horticulture sector
Producer organizations have an unavoidable role in terms of the future of the domestic horticulture sector – it was said at the conference organized by the National Chamber of Agricultural...
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EUDR: a new due diligence obligation for companies to protect forests
Last year Regulation (EU) 2023/1115 of the European Union on the placing on the EU market and export from the EU of certain goods and products related to deforestation and...
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Richárd Szabados: The interest rate on investment loans of the Széchenyi Card program will drop to 3.5 percent
The government will reduce the interest rate on investment-type loans of the Széchenyi Card Program to 3.5 percent from November 1st, from the previous 5 percent, announced Richárd Szabados, the...
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Plant-based alternatives generate more sales in Germany than ever before
The market for plant-based meat and dairy substitutes in Germany set a new record in 2023. Sales rose to €2.2 billion, an 8% increase on the previous year, according to...
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Soil preparation has been completed on half of the autumn sowing areas
Based on the data of the operative reports for the subject date of October 8, the planned area of autumn-sown crops this year is 1.54 million hectares, 49.8 percent of...
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Onion skins instead of plastic?
Single-use plastics are a huge problem worldwide, so more and more people are looking for solutions to find sustainable alternatives to packaging. A Scottish startup, HUID (skin in Dutch), set...
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