Market News
New doors are opening in Hungarian-Moldovan agricultural relations
In the field of investments, the two countries have great opportunities, and it is precisely in Hungary’s basic interest that Moldova becomes a member of the European Union – Minister...
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Amazon Fresh ditches ‘just walk out’ checkouts
Amazon Fresh is set to ditch its “just walk out” checkout-free feature in stores as its senior vice president revealed the retailer is looking to prioritise new technology. The tech...
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In Russia, the growth of retail sales accelerated and unemployment decreased in February
In Russia, retail sales growth accelerated on an annual basis in February as unemployment fell to a historic low. The Russian statistics office said that the growth of retail sales...
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A call for tenders helps small businesses selling ornamental plants
The Ministry of Agriculture wants to help the development of small businesses dealing in the trade of ornamental plants and flowers with a call for tenders with a budget of...
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Purina Inaugurates New Pet Food Factory In North Carolina
Nestlé Purina PetCare has inaugurated a new pet food factory in Eden, North Carolina, with state officials, community partners and leaders from the company attending the opening ceremony. In the...
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Card Payments To Make Way For More ‘Seamless’ Payment Formats, Study Finds
Credit card and debit card payments are set to account for 19% of overall online transactions by 2028, down from 31% in 2023, as emerging payment formats such as digital...
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Agrometeorology: dry soil in the Great Plain awaits sowing
The upper 20 centimeter layer of the soil in the Great Plain is critically dry, and spring sowing would need a lot of precipitation, HungaroMet Zrt. announced in its agrometeorological...
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EY: A market breakthrough for electric vehicles is expected in Europe by 2030
In Europe, by 2030, the share of sales of electric and hybrid vehicles (EV) is expected to exceed all other types and their number will reach 75 million, according to...
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The Competition Act may be amended at several points, and the GVH may receive new powers
The competition protection activities of the Economic Competition Authority (GVH) can be even more effective, as the competition law can also be amended at many points within the framework of...
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The increase in the price of food is slowing down significantly this year
This year, the development of food prices will no longer drag, but curb inflation in Hungary. Overall, we continue to pay more at the cash registers in stores than a...
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The bill on tightening the sale of energy drinks is before Parliament
A bill has been submitted to the Hungarian parliament, according to which the sale of energy drinks to minors in the country would be prohibited. The proposal was put forward...
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Soon we will only be able to get certain dietary supplements in pharmacies
The draft on the tightening of the trade regulation of dietary supplements in Hungary is a subject of constant debate. According to the planned changes, certain dietary supplements would only...
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Interest in insect proteins is growing in Hungary
In Hungary, more and more people are starting to recognize the potential of insect proteins, although many people still shy away from the idea that they can gain more and...
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Eurozone inflation continued to fall
The annual harmonized index of consumer prices (HICP) of the Eurozone rose slightly in March, but the situation is no longer so favorable in a monthly comparison. According to data...
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Hungarian foreign trade in milk and milk products shows a negative trend
In the past year, Hungarian foreign trade in milk and milk products showed significant changes, as a result of which the balance of the sector turned negative. According to the...
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Cleanness and caring: new directions in baby care
In 2023 the Hungarian nappy market is expected to grow by over 10% in value compared to the previous year, but a sales decline is likely in volume, according to...
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Gergely Fábián: integrated, data-based development in the food industry improves competitiveness and security of supply
In the food industry, the competitiveness of the sector can be increased with the integrated, data-based development of the product path, which also contributes to security of supply and sustainability,...
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Industry trends are pulling the corrugated cardboard segment along, the market could grow to nearly 250 billion dollars by 2032
Analysts predict development in the corrugated cardboard industry in 2024 due to environmental regulations, the growing demand for sustainable materials and the boom in e-commerce. The biggest users of corrugated...
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Temu may receive a fine of up to HUF 780 billion
The Economic Competition Authority (GVH) considers it justified to initiate the competition supervision procedure against the Chinese online store Temu, whose subsidiary in Ireland is being investigated for unfair commercial...
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Eroski to open more than 50 franchises in 2024
Eroski’s momentum achieved in 2023 isn’t slowing down: the chain plans to open around 57 new franchises this year. The Spanish retailer has invested EUR 14m to open 65 new...
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Digitization contributes to increasing the competitiveness of the food industry
Technological development and the rise of IT tools can revolutionize the food industry, creating opportunities in the field of transparency, efficiency and safety, said Dr. Márton Nobilis, State Secretary of the...
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K&H: the goal is affordable and green energy
According to a Polish study, several European countries achieved part of their sustainable energy goals for 2030 a decade earlier. Hungary is not doing well, but there are indications that...
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It produced more spring onions, but fewer leeks
According to KSH data, Hungary produced 2.67 thousand tons of new onions (green onions) in 2022, which is 35 percent more than the previous year. Domestic spring onions are offered...
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Sándor Czomba: the number of job seekers has never been so low
The number of registered jobseekers is at a thirty-year low, this data has never been so low, which means that a significant number of people are looking for and finding...
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MNB: instant payment goes to a new level
From April 1, all domestic consumers and businesses can complete their payment transactions by accepting a payment request and initiating an immediate payment in response, the Magyar Nemzeti Bank (MNB)...
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The authority extracted enough pesticides for 100 hectares
In March, the inspectors of the National Food Chain Safety Office (Nébih) “obtained” 3.5 kg of a plant protection agent with Cyrillic letters and without a valid marketing and use...
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Tens of millions of domestic blooming ornamental plants may be on the market this year as well
After last year’s record turnover, strong demand is expected again this year on the annual ornamental plants market. Domestic horticulture is preparing for the season with around 8-10 million geranium plants...
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Lidl US cuts corporate jobs across 3 business units
The layoffs come a little over a year after the discounter let go of roughly 200 workers stateside. The layoffs are the latest move by Lidl to rightsize its operations...
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Nestlé to invest in Democratic Republic of Congo coffee operations
The funds would go towards coffee purchases, price premiums, technical assistance and community projects. Nestlé is set to invest $20m in the Democratic Republic of Congo (DRC) to “revive specialty...
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Nébih withdrew a plant protection product from the market
The National Food Chain Safety Office (Nébih) has withdrawn more than 30 kilograms of pesticides considered risky from circulation, the authority informed on Wednesday. Nébih’s inspectors made a trial purchase...
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