Market News
Top level oral care
Oral care is no longer just a health issue, but also part of beauty care. A healthy oral cavity and sparkling teeth make a big contribution to the quality of...
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Market knowledge, networking and marketing
This article is available for reading in Trade magazin 2024/11 Márió Spáda, wine category specialist of METRO: “Looking at the main trends, the premium quality is booming, while sales of...
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Cybersecurity: careless domestic firms could be sanctioned
On 18 October the NIS2 – the revised EU cybersecurity directive – came into force, covering thousands of companies in Hungary. This article is available for reading in Trade magazin...
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Agrometeorology: soil sufficiently moistened almost nationwide
Last week’s heavy rainfall sufficiently moistened the upper layer of the soil almost nationwide, so that the crops sown in the fall are mostly in favorable conditions – HungaroMet Zrt....
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Soil preparation work is more favorable compared to last year
According to the operational reports for the date of November 12, the planned area of autumn crops this year is 1.5 million hectares, and soil preparation has been completed on...
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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 the European beekeeping sector, held in Brussels on Thursday...
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The economy is starting to grow, but may grow more slowly than expected next year
The Hungarian economy is expected to grow by 0.5 percent this year and 2 percent next year, according to Erste’s forecast. Inflation is not expected to slow down further in...
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A 1,500 billion forint market with new players: civilians in e-commerce
By downloading a simple and secure application, anyone can help achieve important social goals while shopping online. Hungary is the second country in Europe where NGOs can share in the...
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Minimum wage increase will push the entire wage scale up in 2025
As the end of the year approaches, employees are also increasingly impatient to see if they can expect a pay rise next year. Pay planning processes are currently underway, and...
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Independence will make employees happy – here’s how we can make them that way
Our priorities are changing: according to MIT research, whether we stay at our jobs or quit is no longer primarily determined by professional and career considerations, i.e. it does not...
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Confusing food labels: warning from the European Court of Auditors
Food labels, logos and claims are supposed to inform consumers, but in practice they can often be confusing and even misleading, according to a new report by the European Court...
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Szaloncukor is getting more expensive: the rise in the price of cocoa beans is also affecting the holiday sweets
The price of szaloncukor which is an essential part of Hungarian Christmas traditions, may increase significantly this year. The popular sweet has been available in stores for weeks, but more...
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Bittersweet
This article is available for reading in Trade magazin 2024/11 “We see a growing trend in the bitter market, where we have been able to achieve growth with our flagship...
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Dynamic growth and challenges in the global coffee market
The global coffee market is poised for significant expansion as rising demand and changing consumer habits are giving the industry a new lease of life. At the same time, production...
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NAK: 19 Hungarian products took the lead in the world’s most prestigious cheese competition
At the world’s most prestigious cheese competition, the World Cheese Awards held in Portugal, the products of Hungarian small-scale and artisanal cheesemakers received 2 gold, 9 silver and 8 bronze...
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K&H: young people are more optimistic than a year ago
Young people are more satisfied – this is the overall conclusion of the K&H Youth Index survey, which examined the satisfaction of 19-29 year-olds with their own lives in the...
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Leaving the negative period behind
According to the data by IWSR, 2.57 million hectolitres of wine and 150,000 hectolitres of champagne and sparkling wine were sold in retail in 2023, representing a decline of 1.8%...
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NAK: greater than expected interest in the new CAP Strategic Plan applications
The new CAP Strategic Plan applications received greater than expected interest, with significant oversubscriptions for most of the open calls – the National Chamber of Agriculture (NAK) told MTI on...
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Hungary’s M&A market is going strong
Hungary’s transaction market has remained active in spite of the geopolitical uncertainties, according to a recent EY Mergers and Acquisitions (M&A) report. This article is available for reading in Trade...
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Cattle slaughterings down by more than 10 percent
39.8 thousand cattle were slaughtered in the first half of 2024, 10.4 percent less than in the same period of the previous year. The live weight of the slaughtered animals...
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Food Labels May Fool EU Consumers, New Report Warns
Consumers can easily get lost in a maze of food labels, EU auditors have warned. A new report said food labelling should help people to make informed decisions when buying...
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NAK President: Area-based subsidies are decisive for the operation of Hungarian agriculture
Area-based subsidies are decisive for the operation of Hungarian agriculture, stated the President of the National Chamber of Agriculture and the Association of Hungarian Farmer Associations and Cooperatives (Magosz) at...
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Unilever to offload The Vegetarian Butcher as it ‘prunes’ portfolio
Unilever has put plant-based meat alternative brand The Vegetarian Butcher up for sale as it looks to “prune” its portfolio of brands. The FMCG giant is understood to be working...
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The SZÉP card will be digitized
According to the ninth point of the New Economic Policy Action Plan, which consists of 21 measures, the government will allow 50 percent of the benefits received on the Széchenyi...
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MOHU is also implementing significant developments in food waste collection
As part of its program to encourage selective waste collection, MOHU will distribute more than one million bins nationwide to residential customers by the end of 2025 in areas where...
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Tesco to open more than 150 convenience stores in next 3 years
Tesco has unveiled plans to open more than 150 Express stores over the next three years as it looks to expand its convenience footprint. The move will create more than...
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Bagázs is preparing for the Christmas season with designer bags by contemporary artists and Roma seamstresses
The Bagázs Association has been working on the issues of Roma people living in settlements for more than a decade, implementing long-term, complex programs that contribute to helping children and...
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NAK: more than 100 thousand people have already signed the agricultural petition
More than 100 thousand people have already signed the agricultural petition initiated by the Association of Hungarian Farmers’ Associations and Agricultural Cooperatives (MAGOSZ) and the National Chamber of Agriculture (NAK)...
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GKI: Deteriorating confidence indices and economic outlook in Hungary
In November, both businesses and consumers became more pessimistic about Hungary’s economic outlook, according to a survey conducted by the GKI Economic Research Institute. The GKI business confidence index fell...
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Arabica coffee price hits 47-year high
The futures price of arabica coffee has reached a 47-year high, climbing to $3.08 per pound, as reported by Portfolio. The last time prices were this high was in 1977....
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