Market News
The price of fodder wheat was 14 percent higher than last year
According to Tallage’s September information, the spot market price of 12.5 percent protein mill wheat in Germany (FOB Hamburg) increased by $29 to $295/ton between August 5 and September 9....
Read more
Nestlé signs contract for first manufacturing facility in Saudi Arabia
Nestlé has signed up for a 117,000 sq m plot in Jeddah’s Third Industrial City. Nestlé is to build its first food factory in Saudi Arabia after signing a contract...
Read more
Aldi Expands Organic Offering In Spain
German discounter Aldi has seen a significant increase in organic product sales in Spain over the past two years. One in five Aldi receipts now includes organic items, and the...
Read more
Sustainable plant protection and food safety in Hungary
In a rapidly changing world, food safety is becoming increasingly important, the basis of which is plant protection. The EU currently operates one of the strictest plant protection product licensing...
Read more
Hungarian Consumption Expected to Recover by 2025
The Hungarian economy has experienced a challenging period over the past few quarters, characterized by declining household consumption and investment. However, according to a recent report by the Equilibrium Institute,...
Read more
Food prices in Hungary have doubled in six years
In the last six years, we have witnessed a drastic increase in food prices in Hungary, where prices have doubled, compared to the average price increase of 40 percent in...
Read more
There is a lot of imported meat on Hungarian shelves
Serious changes can be observed in Hungary’s live cattle and pork market in 2024: while the import of live cattle increased, the export of beef showed a significant decrease. The...
Read more
An autumn action plan is being prepared to support SMEs: automation and technological developments are the focus
Richárd Szabados, the newly appointed State Secretary of the Ministry of National Economy, announced that the programs of the autumn action plan aimed at the development of small and medium-sized...
Read more
The food shopping habits of Hungarians have changed: price has become the main consideration
In the past period, the food purchasing habits of the Hungarian population have changed significantly, as the price of the products has become the most important decision factor. More than...
Read more
Shopping tourism on the Slovak border: is it worth skipping?
In the northern counties, an increasingly common question is whether it is worth going shopping in Slovakia. Favorable prices, lower VAT and sales attract many Hungarian customers to Nagymegyer, Révkomárom...
Read more
The effects of climate change are much more severe than we previously thought
This year’s summer and autumn broke heat records one after the other, and we all feel their harmful effects on our own skin. While in Hungary the drought has resulted...
Read more
The maximum fine that can be imposed by the GVH has been seriously increased
The maximum fine that can be imposed by the GVH has been seriously increased – it was announced at the joint conference of the Hegymegi-Barakonyi and Fehérváry Baker & McKenzie...
Read more
Profession.hu : This is why job seekers will be fed up with the hiring process
Looking for a job is a time-consuming task, in the previous quarter it took an average of 4 months to find a position, but it can take up to 10...
Read more
A rise in prices is expected on the potato market: Poland and Europe are also affected
Although potatoes were still relatively cheap in Poland at the beginning of September, based on market analyses, price increases are expected in the longer term, not only there, but throughout...
Read more
NGM: Liszt Ferenc International Airport in top form
Liszt Ferenc International Airport is in top form, with passenger traffic increasing by nearly 20 percent and freight traffic by 50 percent until August, Máté Lóga, State Secretary responsible for...
Read more
Fuel card: a real trump card
It is very important for FMCG fleets to be able to refuel quickly, without queuing. This article is available for reading in Trade magazin 2024/8-9 In June the Shell MobilePayment...
Read more
K&H: young Hungarians are more or less satisfied with their workplace
Young Hungarians judged their work and career advancement opportunities slightly more positively in the second quarter of 2024 than before, but there have been other examples of this in the...
Read more
MKIK: this year’s WorldSkills world competition ended with a Hungarian gold medal
This year’s WorldSkills world competition, which took place on September 10-15, ended with a Hungarian gold medal. were held in Lyon, France, the Hungarian Chamber of Commerce and Industry (MKIK)...
Read more
A shop in Budapest collapsed with fake global brands: HUF 45 million in damage was caused
A shop in Budapest lured its customers with fake world brands, causing more than HUF 45 million in damages to the rights holders, according to the announcement of the National...
Read more
General Mills selling North American yogurt business
General Mills, Inc. is selling its North American yogurt business to the French companies the Lactalis Group and Sodiaal for approximately $2.1 billion. The Lactalis Group will acquire the US...
Read more
McDonald’s Korea launches voice-guided kiosks, a first in Asia
McDonald’s Korea has introduced voice-guided self-service kiosks at some of its Seoul locations, making it the first fast-food chain in South Korea to do so. They did this to make...
Read more
Croatia’s Studenac Targeting 3,400 Stores By 2028
Croatia’s largest retail chain by store count, Studenac, sees significant potential for further expansion, according to Dragan Baškarad, a member of the retailer’s management board. Speaking during a conference organised...
Read more
Bottle return machines may move to new locations in grocery stores
Leading grocery store chains are increasingly planning to move bottle return machines from inside stores to outside, G7 reported. The current internal placement of machines, especially in busy stores, does...
Read more
Milk, honey and eggs: Drastic price increases and challenges for domestic producers
Milk, honey and eggs, which are among the basic foodstuffs of Hungarian households, have faced significant price increases in recent years. Both producers and consumers are in a difficult situation,...
Read more
Márton Nagy would use administrative means to encourage domestic purchases: what does this mean in practice?
Minister of National Economy Márton Nagy is considering administrative steps to ensure that the Hungarian population prefers to spend its money at domestic rather than foreign-owned merchants – it was...
Read more
Sustainable fleets, new challenges
The leasing market is undergoing a big transformation. New financing schemes and flexible leasing solutions are becoming increasingly popular among companies. These new approaches make it possible for them to...
Read more
Coffee without beans: environmentally friendly solutions are coming
A neighborhood in San Francisco recently debuted a coffee drink made without the use of a single coffee bean – a new direction as a result of the innovation of...
Read more
György Zsolt Papp was elected president of NAK
The National Chamber of Agrarian Economy (NAK) held its national delegate meeting on September 13, 2024, where the organization’s new president was elected. At the delegate meeting, István Jakab, President...
Read more
Why is Tokaj aszú cheaper in Switzerland than in Hungary?
Although it may be surprising, in some cases a quality Tokaji aszu is cheaper in Switzerland than in Hungary. This contradiction highlights the challenges of the Hungarian wine market and...
Read more
According to a survey, the majority in Hungary is open to artificial intelligence
The majority is open to artificial intelligence (AI) in Hungary, but few still use it; although the proportion of those who believe they know what artificial intelligence is is 79...
Read more