Market News
Hungary and FAO are putting their cooperation on new foundations
FAO Deputy Director-General Maurizio Martina and Undersecretary of State Oszkár Ökrös discussed the establishment of a new foundation and further strengthening of the nearly twenty years of fruitful joint work...
Read more
ESG sustainability is increasingly important for domestic SMEs
Sustainability and corporate governance (ESG: Environmental, Social, Governance) aspects are gaining increasing importance among Hungarian small and medium-sized enterprises (SMEs). This is supported by the ESG survey conducted by the...
Read more
The Association for Sustainable Packaging was founded
In order to promote sustainable packaging solutions, the Association for Sustainable Packaging (FeCso) was established, offering a unique platform for companies and organizations to support and promote their sustainability efforts....
Read more
MATE and Béres have entered into a strategic cooperation
Dr. Csaba Gyuricza, Rector of the Hungarian University of Agricultural and Life Sciences, Marcell Béres, President of the Béres Pharmaceuticals Factory, and Klára Béres, President of the Béres Foundation, signed...
Read more
Transfer pricing implications of the global minimum tax
Since last year, Hungary has also been applying the rules of the global minimum tax, which may in some cases deviate significantly from the usual logic of the domestic tax...
Read more
Whiskey: Boycott could replace tariffs
American whiskey producers are once again at the center of international trade conflicts. While the suspension of Donald Trump’s latest tariff measures may bring temporary relief, the reaction of Canadian...
Read more
French wine and spirits exports fell last year
France exported 15.56 billion euros worth of wine and spirits last year, down 4 percent from 2023, according to the website of the French Wine and Spirits Exporters Federation (FEVS)....
Read more
Heroes and Traitors – the first year of the whistleblowing system
Throughout the European Union, including here, it has been at least a year since the companies required to do so have introduced their whistleblowing systems. Although abuses can cause damage...
Read more
Amazon to expand beauty and personal care online offerings in Europe while opening first physical store in Italy
Amazon Parafarmacia & Beauty opens in Milan city centre, featuring a curated assortment of beauty and personal care products, innovative in-store services and expert advice. We unveiled Amazon Parafarmacia &...
Read more
Heineken grows as world’s most popular non-alcoholic beer
Heineken posted solid growth in 2024, with non-alcoholic beers and premium lager as key drivers. The beers were particularly appreciated in Africa and Asia, with limited growth in Europe. Heineken...
Read more
Lidl Bulgaria Plans 10 Store Openings, Takes Top Spot From Kaufland
Lidl Bulgaria plans to add at least 10 stores to its network in 2025 as it continues to implement its growth plan. As of the end of 2024, the retailer...
Read more
KSH: in January, consumer prices exceeded the values of the same month of the previous year by 5.5 percent on average
Compared to January 2024, food prices increased by 6.0 percent, including flour by 43.2, milk by 25.0, eggs by 23.8, cooking oil by 21.5, fruit and vegetable juice by 16.0,...
Read more
Márton Nagy: high food inflation is unacceptable, the government is ready to take action with all means to protect families
According to Márton Nagy, high food inflation is unacceptable, and the government is ready to take action with all means to protect families, the Ministry of National Economy (NGM) told...
Read more
NGM spokesperson: prices were already corrected in the last days of January
According to the Central Statistical Office (KSH), in January 2025, consumer prices exceeded those a year earlier by an average of 5.5 percent, and consumer prices rose by an average...
Read more
GVH: the competition authority monitors the processes taking place in the food market
The Hungarian Competition Authority (GVH) is monitoring the developments in the food market and will intervene if necessary, the national competition authority told MTI on Tuesday. In a statement, the...
Read more
The productivity of Hungarian companies is worse than anywhere else in the EU
According to a recent analysis by GKI Economic Research Ltd., Hungary’s manufacturing exports showed significantly lower growth than those of the countries in the region between 2010 and 2023. While...
Read more
Strengthening economy and employment in Hungary in 2025
According to the latest analysis by the Oeconomus Economic Research Foundation, Hungary’s economic performance has moved in a positive direction, and the country’s employment data also show a favorable picture...
Read more
There are serious problems in the Hungarian wine industry
The year 2024 was a difficult period for Hungarian viticulture and winemaking. The national wine grape growing area continued to shrink, and the yield was one of the lowest in...
Read more
EU-US tariff war: tariffs are bad for companies, even worse for consumers
European Commission President Ursula von der Leyen has expressed regret over new US tariffs that are putting a significant burden on European steel and aluminium exports. In a statement on...
Read more
We need to increase the consumption of legumes in Hungary
Beans, peas and lentils are extremely diverse and healthy ingredients that have a beneficial effect on our bodies and the environment, but their consumption in Hungary still falls short of...
Read more
Nébih: Hungary had to take action against more than 300 risky products last year
More than 300 risky products had to be taken into account in Hungary last year based on the European Union’s Rapid Alert System for Food and Feed (RASFF), the National...
Read more
The recipe for successful market growth starts with a satisfied workforce
In recent years, many uncertainties have surrounded not only the major global economic players, but also their individual driving forces, the employees themselves. The coronavirus pandemic, inflationary environment, or even...
Read more
Price caps and economic measures in Central Europe: more and more countries are protecting themselves against inflation
While the introduction of price caps is back on the agenda in Hungary, the topic in Poland is the extension of the electricity price freeze. Croatia has recently expanded the...
Read more
Amazon introduces Easy Ship in Europe
Online marketplace Amazon is introducing a shipping solution called Easy Ship in Europe, for sellers in the Netherlands and Poland. According to the ecommerce giant, the solution helps sellers ship...
Read more
NKFH: Cape Herb & Spice grinders recalled by distributor
The distributor has recalled Cape Herb & Spice grinder spices because a defect in the grinding mechanism may cause plastic pieces to get into the food during use. The products...
Read more
Nestlé suspends production at Argentina dairy site
The Swiss giant is to halt output for a month at its factory in the Córdoba region of the country to manage excess stock. Nestlé is to suspend production at...
Read more
Auchan Tests Autonomous Stores in France
French grocery retailer Auchan is trialling autonomous store technology on Sundays in select outlets across Northern France, aiming to attract more customers while reducing operating costs. Since the start of...
Read more
Egg shortage in the United States: Major retail chains have introduced restrictions
The bird flu outbreak in the United States is becoming a growing problem, causing egg supplies to dwindle significantly and prices to skyrocket. In response, two major retail chains, Costco...
Read more
LG develops specialized digital displays for various corporate sectors
LG Electronics (LG) showcased its latest digital display innovations at the Integrated Systems Europe (ISE) trade fair in Barcelona from February 4 to 7. LG’s booth, themed “Customized Solutions, Optimized...
Read more
EU mobilises €200 billion in investment to develop artificial intelligence
The European Commission has launched the InvestAI initiative, which will invest €200 billion in the development of artificial intelligence (AI). The initiative was announced by Ursula von der Leyen, President...
Read more
