Market News
Making profits instead of paying high energy bills?
Achieving zero carbon emissions doesn’t have to mean choosing between profit and the planet. The energy consumption, carbon footprint and costs of food and drink manufacturers can be reduced. A...
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Low consumption holds back the economy, not only in retail
According to analysts, restrained consumption is holding back the economy. The May retail sales data was a negative surprise, and the annual decline was not unexpected. Experts agree that only...
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KSH: The turnover of retail stores decreased by 12.3 percent in May
In May, the volume of retail trade – with a significant base effect – decreased by 12.7 percent in raw data, and by 12.3 percent when adjusted for calendar effects,...
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A large shortage of honey is expected in stores
Gyula Somogyi, the president of the Nagykanizsa and Környéke Bee Association, told InfoRádio that beekeepers have less and less money, so they will not be able to use the newly...
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In Romania, the growth of retail sales slowed to 3.3 percent in the first five months
In Romania, according to raw data, retail sales increased by 3.3 percent in the first five months compared to the same period last year, the national statistics institute (INS) announced...
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In-store cash withdrawals have started
On July 1st, the possibility to withdraw cash in conjunction with the purchase opened, which allows customers to withdraw cash up to two times a month, for a total amount...
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K&H: another boom in cashless payments
Payments with smart devices are still on the rise. In the first five months of the year, more than 18 million transactions took place, 75 percent more than a year...
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Is environmentally conscious shopping really eco-friendly?
In our new 500-respondent consumer survey, we were trying to learn about the latest consumer opinion and habits related to environmental consciousness and sustainability. This article is available for reading...
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The weather is favorable for harvesting corn, but sunflowers and corn need more rainfall
The current dry weather is ideal for harvesting corn, but sunflowers and corn would benefit from additional rainfall, the National Meteorological Service wrote in its agrometeorological analysis on Thursday. The...
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Students from eleven countries received diplomas within the joint scholarship program of the Hungarian government and FAO
On July 6, 2023, the Ministry of Agriculture held its traditional event, the farewell party for the graduating scholarship holders. Students from Jordan, Georgia, Ghana, Ethiopia, Algeria, Egypt, Lebanon, Nigeria, the...
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Dolmio’s new packaging in the United Kingdom
Dolmio is launching a packaging revamp, with a new visual identity which wants to be “bolder, punchier and sharper than ever”. The relaunch from the icononic Italian pasta sauce brand seeks...
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The age of disruptive products is over, Rabobank report says
While disruptive food products and brands attracted interest from food companies and funds from a variety of investors in the past, the appetite for these types of innovations seems to...
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Continente Opens Innovation Lab For Private Label Products
Portuguese food retailer Continente has opened an innovation centre for research and development of private-label products. The opening of the 1,200-square-metre Co-Lab: Customer Innovation Lab follows an initial investment of...
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Agricultural relations with Malaysia are getting a new impetus
Hungarian and Malaysian relations should be strengthened at the commercial, plant breeding, educational and scientific levels as well – said István Nagy, Minister of Agriculture, who consulted with Datuk Seri...
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Activia launches new high-fibre range of yoghurts
Activia has launched a new Activia Fibre range of yoghurts. The range is available in three flavours: Walnut & Oats, Apple & Cereals and Muesli. The products are first launching...
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What will the future bring? – Changing innovation rules
Food policy analyst Réka Szöllősi spoke about the planned future regulations in both Hungary and the European Union at the Innovation Day conference. She told it is a big advantage...
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MBH Bank predicts sustained economic growth of over 4 percent from 2024
The rate of economic growth may permanently exceed 4 percent from 2024, and inflation may decrease significantly during the second half of this year, MBH Bank experts said on Wednesday,...
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VG.hu: the decline in food inflation may have continued in June
The slowdown in price increases in Hungary continued in June. Consumer prices rose by 20 percent on an annual basis, which is lower compared to the 21.5 percent increase of...
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Fidelity: Who will be the AI winners?
It’s all about generative artificial intelligence these days. It has the potential to truly transform the world around us, but like several other recent technological innovations – electric vehicles, renewable...
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Spain’s DIA to open five new shops in Andalusia
Spanish retailer DIA plans to open five new stores in Andalusia this year. This step will see DIA expand its franchises to over 300 and add 3,437m² of sales area...
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Szijjártó: the government is launching another HUF 6.5 billion support program in Bosnia and Herzegovina
Hungary will launch another HUF 6.5 billion support program in Bosnia-Herzegovina from August 1st, within the framework of which producers can buy Hungarian agricultural equipment, Minister of Foreign Affairs and...
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Kerry Group Opens Taste Facility In Indonesia
reland’s Kerry Group has announced the opening of a new taste manufacturing facility in Karawang, West Java, Indonesia. The taste and nutrition firm said the 50,000 square metres facility will...
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Alcohol, meat and confectionery theft at decade-high
Theft of alcohol, meat and confectionery is at its highest rate in a decade as the cost-of-living crisis continues. According to the Association of Convenience Stores, over 1.1m incidents of...
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Uber Health expands to offer grocery and over-the-counter delivery
Uber Health, the healthcare arm of Uber, has expanded to launch grocery and over-the-counter item delivery. The platform expansion will ultimately allow both users and providers to use one platform...
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Using eGN becomes even easier: the Copy and Export functions are available
The office expanded the electronic management diary with new functions. It will be of great help to users that they can already copy and export in eGN in the future. Nébih’s...
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The art of persuasion
At this year’s Inno d’Or conference, persuasion and influence technique expert Dr László Újszászi-Bogár was the keynote speaker. This article is available for reading in Trade magazin 2023/6-7. He revealed...
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In the OECD, inflation slowed down in May
In the countries belonging to the Organization for Economic Cooperation and Development (OECD), the annual growth of consumer prices slowed to an average of 6.5 percent in May, the lowest...
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Bill Gates ‘wastewater beer’ could be as disruptive as Microsoft
Disgruntled consumers might refer to bad beer as tasting “like dishwater” but new tech being developed in California could mean that before long beer could be made from purified shower,...
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Generation gap among online customers: the younger they are, the faster they want to receive their order
For younger customers, the speed of delivery is particularly important in Hungary: almost half of Generation Z have already abandoned the online ordering process after selecting the products, because they...
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Our food safety also depends on the new GMO regulation
In the near future, the European Union will discuss gene technology rules, the draft of which is expected to be presented by the European Commission on July 5, 2023. Based...
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