Market News
The new consumer protection authority will strive to ensure market balance
The National Trade and Consumer Protection Authority (NKFH), which will be established on January 1, will strive to ensure market balance between businesses and consumers, said the Deputy State Secretary...
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Frozen food brands face the challenge
During the COVID period demand for frozen food increased, but then came the hike in electricity prices from the summer of 2022, which made many retailers cut their refrigeration capacity...
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Magyar Posta is preparing for the increased holiday traffic with 130 new vehicles
Magyar Posta expects to deliver more than 7 million packages during the holiday season, and to accommodate the increased traffic, 130 new vehicles will be put into service by the...
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Signature 40 once again – Signature Platform takes things to the next level: Signature Alumni Club launched
This article is available for reading in Trade magazin 2024/11 Márton Nagy: – We are happy to report that we took things to the next level, as we received exactly...
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Food production cannot be successful without adaptation, development and innovation
Despite the unfavorable economic environment and the challenges caused by climate change, farmers have not given up on investments. Those who envision their future in agriculture in the long term...
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Open for Business: LGBTQ+ inclusion has serious economic benefits
The Open for Business coalition, which includes global corporations, released a new report this week that examines the economic benefits of LGBTQ+ inclusion in Hungary. The report estimates that LGBTQ+...
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There are many applications, yet effective recruitment is often a challenge for domestic companies
The experiences and ideas of Hungarian companies regarding workforce management have changed only minimally, but the fluctuation has typically decreased since last year. The number of job applications has been...
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The price of bunch tomatoes has changed minimally
According to the WPTC’s October forecast, the volume of industrial tomatoes in Hungary may increase by 9 percent to 120 thousand tons in 2024 compared to 2023. According to KSH...
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Sándor Czomba: the three-year wage agreement means security for both employees and employers
The three-year wage agreement provides security and predictability for both employees and employers, the State Secretary for Employment Policy of the Ministry of National Economy (NGM) emphasized on Tuesday in...
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21% of Christmas parties will be alcohol-free this year
More than one in five Christmas parties being celebrated in 2024 will not be serving alcohol, according to new research. The data, gathered from event booking platform Togather, revealed that...
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One of the main drivers of domestic retail is the pharmaceutical trade
The pharmaceutical industry is a very important industry in the Hungarian economy, emphasized Minister of National Economy Márton Nagy in his opening speech at the conference organized by the Hungarian...
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The conference on the future of agriculture was held with great interest
The National Chamber of Agriculture (NAK) recently organized its event focusing on agri-tech innovations and the future of agriculture, the Agtech SUMMIT. The event welcomed those interested in agricultural innovations...
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SPAR Austria is main sponsor of FIS Alpine Ski World Championships Saalbach 2025
SPAR Austria has announced it has become the official main sponsor of the FIS Alpine Ski World Championships in Saalbach in 2025. This new sponsorship builds on SPAR Austria’s longstanding...
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VOSZ Barometer: business sentiment is worsening again
The results of the VOSZ Barometer for the third quarter of 2024 declined in most parameters, it was revealed at a joint press briefing of the National Association of Entrepreneurs...
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The Cyclist-Friendly Service Provider of the Year was elected
The Hungarian Cycling Tourism Association (MAKETUSZ) has awarded the Cyclist-Friendly Service Provider of the Year award for the second time, and the title was won by Sarudi Töltés Fröccterasz és...
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Rakuten and L’Oréal Japan partner to deliver personalised beauty solutions
The partnership will leverage Rakuten’s AI and marketing data alongside L’Oréal’s advanced beauty technology. Rakuten Group, Inc. and L’Oréal Japan have announced plans to collaborate on delivering highly personalised beauty...
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7+1 car cleaning tips for the gray autumn-winter period
Verőfényes napsütésben minden apró folt rögtön feltűnik az autónkon, és jó időben az autómosás is kellemes kikapcsolódásnak bizonyul, ezért hajlamosak vagyunk a jó időben gyakrabban tisztítani az autónkat. Pedig az...
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Wheat prices are changing dynamically on the market
According to Tallage’s October information, the spot market price of 12.5 percent protein milling wheat in Germany (FOB Hamburg) decreased by $13 to $271/ton between October 7 and November 7....
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Hot tea in cold weather
This article is available for reading in Trade magazin 2024/11 Where are the days of COVID, when tea sales were booming? The market is currently in decline, and Balázs Rádi,...
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Viktor Orbán: economic growth exceeding three percent is realistic next year
Economic growth exceeding three percent in 2025 is realistic in Hungary, the Prime Minister declared in Budapest on Monday. When signing the three-year wage agreement, Viktor Orbán said that the...
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The pork sector is in a difficult situation: rising costs, falling consumption and changing habits
The domestic and EU pork sector has been facing challenges for years, hit by rising procurement and energy prices, falling consumption, and a changing social perception of the sector. Tamás...
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The Ministry of Finance asks people to spend in an information letter
The Ministry of National Economy (NGM) will inform members of the voluntary pension fund in an information letter that they can use their savings for housing purposes tax-free from 2025,...
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VOSZ: the three-year wage agreement is extremely ambitious
The Secretary General of the National Federation of Entrepreneurs and Employers described the three-year wage agreement as extremely ambitious at a press conference in Budapest on Monday. László Perlusz said...
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AI narration was created for the Hungarian Advertising Code of Ethics
The Self-Regulatory Advertising Board (ÖRT) has taken the next step in its education on ethical advertising and, in collaboration with the DOUPLA Advertising Agency, has created an audio narration of...
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K&H Sustainability Index: the breakthrough is still waiting
The latest results of the K&H Sustainability Index show that corporate commitment to sustainability stagnated in the second half of 2024. The index, which measures the sustainability performance of Hungarian...
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PDD Holdings and Temu’s challenges: weakening results, increasing competition and EU strictness
PDD Holdings, the Chinese giant that operates online shopping platforms Pinduoduo and Temu, is going through a difficult period. Its third-quarter financial results fell short of analysts’ expectations, while the...
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The golden age of board games: a billion-dollar industry in Hungary
The world of board games has experienced unprecedented development in recent years, including in Hungary. The market, which previously featured only a few players, now has more than twenty publishers,...
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Ministry of Agriculture: Strengthening direct producer sales in focus
Sustainability is a key issue in all areas of our lives these days. From an economic and social perspective, the development of food supply chains that, in addition to strengthening...
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AgroVIR Kft. acquires the Hungarian operation of NEXT Farming software
On November 13, 2024, AgroVIR Kft. acquired a 100% stake in FarmFacts Hungary Kft., the distributor of NEXT Farming software. FarmFacts Hungary Kft. was previously owned by BayWa AG and...
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Publication helps farmers apply for the new Agri-Environmental Management Support
A new agri-environmental management program (AKG) will be launched in Hungary from January 1, 2025. The National Chamber of Agriculture has summarized information about the AKG in a handbook so...
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