Market News
Artificial intelligence is the top trend of the year
According to research by Mintel, artificial intelligence (AI) – or more precisely, generative artificial intelligence – has been the subject of increasing hype in recent years. If brands wish to...
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Pálinka is part of our national identity and culture
Pálinka is one of the trademarks of Hungarians, which has been a true national treasure for centuries, unites us even in the storms of history and unites our nation –...
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Again, improvements have been made to the eGN system
The National Food Chain Safety Office (Nébih) informs the users of the electronic management diary (eGN) that another update has taken place in the system. In the current version, many...
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Danone enters $1B yogurt mix-in category with healthy focus
The dairy giant is introducing the new Remix banner to its Oikos, Too Good & Co. and Light + Fit brands to attract consumers hesitant to try other mix-ins seen as overly indulgent....
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Jumbo Removes Plastic Covers From Some Vegetables
Dutch retailer Jumbo is removing plastic covers from red peppers and cucumbers grown in the country. The retailer also plans to remove the plastic packaging from its spring onions before the...
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The loan stock of agriculture increased, that of the food industry decreased
Based on the data of the Ministry of Agriculture, the credit portfolio of the agricultural sectors increased by 3.5 percent in the case of agriculture compared to the same period...
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Morrisons uses AI to boost availability and efficiency
Morrisons has become the first UK supermarket to roll out AI-powered cameras across its stores as it aims to boost availability and staff efficiency. The new technology comes as part...
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Machinery and technology procurement support is available for winemakers
More than HUF 10.8 billion is available until 2027 for the technological development of wineries among the sectoral subsidies financed by the European Agricultural Guarantee Fund of the Strategic Plan...
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The economic performance of the euro area increased in March
The composite Purchasing Managers’ Index (BMI), which measures the performance of manufacturing and service industries in the euro area, increased to 50.3 points from 49.2 points in February, exceeding the...
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Organic food: how much more should we pay for sustainability?
The pursuit of a healthy and sustainable lifestyle is becoming more and more important for people, and one of its important elements is the consumption of organic food. The Agrárszektor...
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Ficsak: the bill prohibiting the sale of energy drinks to minors is an important step
The submission of the bill prohibiting the sale of energy drinks to those under 18 years of age is an important step, Nóra Király, the founder of the Young Families...
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Bravery, dynamism and quality – Cocktail, No&Low, RTD
International trends in cocktail making are now reaching premium bars and nightclubs in Hungary sooner than a decade ago, when a few-year delay was general. This article is available for...
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The transitional period of the European pepper season: price and supply changes
The European pepper season is now in a transition period, where the center of gravity of supply shifts from Dutch producers to Spain. As a result, the goods of both...
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The price of cocoa has shot up, and it will soon be felt in retail as well
Cocoa prices on the international market have made huge jumps in the past period, which will soon be felt by consumers in the rise of retail prices. Cocoa prices, reaching...
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Artificial intelligence is already revolutionising retail
In this article we would like to show – by using practical examples – that artificial intelligence (AI) is no longer just a promising future technology, but an increasingly dominant...
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It will also be possible to withdraw HUF 150,000 per month at post offices
The availability of retail cash withdrawals can be significantly expanded, it will be possible to withdraw HUF 150,000 per month at post offices, the Ministry of National Economy (NGM) told...
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Record low strawberry prices: customers can be happy, a price drop is expected
In Poland, strawberry prices are at record lows in the wholesale markets, and further price reductions are expected according to the trend. The price of imported strawberries continued to fall...
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László György: Hungary is at the forefront of the global green energy revolution
We can be proud that Hungary is not a follower of the global green energy revolution, but a leader – said the government commissioner responsible for professional cooperation in economic...
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KSH: in February, the product foreign trade surplus was 1.7 billion euros
In February, the value of exports calculated in euros was 2.4, and that of imports was 12 percent less than in the same period of the previous year. The product...
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Diageo strengthens presence in the RTD drinks market with new Captain Morgan cocktail
Products in Diageo’s 5.8% ABV Captain Morgan Sliced RTD cocktail line are available in four flavours – pineapple daiquiri, strawberry margarita, passionfruit hurricane and mango mai tai. The new range...
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Unnecessary meetings and poorly saved documents make life miserable for domestic office workers
Among other things, Hungary’s first nationwide representative productivity research looked for answers to what factors hinder the daily work of domestic white-collar workers, which can even lead to burnout. Many...
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The export volume of wheat and barley increased in 2023
The export value and foreign trade assets of cereals were the highest among the 24 agricultural and food product groups in 2023 as well.In 2022, the share of the grain...
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New doors are opening in Hungarian-Moldovan agricultural relations
In the field of investments, the two countries have great opportunities, and it is precisely in Hungary’s basic interest that Moldova becomes a member of the European Union – Minister...
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Amazon Fresh ditches ‘just walk out’ checkouts
Amazon Fresh is set to ditch its “just walk out” checkout-free feature in stores as its senior vice president revealed the retailer is looking to prioritise new technology. The tech...
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In Russia, the growth of retail sales accelerated and unemployment decreased in February
In Russia, retail sales growth accelerated on an annual basis in February as unemployment fell to a historic low. The Russian statistics office said that the growth of retail sales...
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A call for tenders helps small businesses selling ornamental plants
The Ministry of Agriculture wants to help the development of small businesses dealing in the trade of ornamental plants and flowers with a call for tenders with a budget of...
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Purina Inaugurates New Pet Food Factory In North Carolina
Nestlé Purina PetCare has inaugurated a new pet food factory in Eden, North Carolina, with state officials, community partners and leaders from the company attending the opening ceremony. In the...
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Card Payments To Make Way For More ‘Seamless’ Payment Formats, Study Finds
Credit card and debit card payments are set to account for 19% of overall online transactions by 2028, down from 31% in 2023, as emerging payment formats such as digital...
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Agrometeorology: dry soil in the Great Plain awaits sowing
The upper 20 centimeter layer of the soil in the Great Plain is critically dry, and spring sowing would need a lot of precipitation, HungaroMet Zrt. announced in its agrometeorological...
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EY: A market breakthrough for electric vehicles is expected in Europe by 2030
In Europe, by 2030, the share of sales of electric and hybrid vehicles (EV) is expected to exceed all other types and their number will reach 75 million, according to...
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