Market News
SPAR Enters Latin America, Opens First Store In Paraguay
SPAR has announced the opening of its first store in Paraguay, which also marks the entry of the retail group in Latin America. The store opened on 5 May in...
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Poland May Extend Zero VAT On Food Into 2024
Poland may extend zero VAT rate on food staples into 2024 if inflation persists, Prime Minister Mateusz Morawiecki said on Saturday. Poland slashed taxes on a long list of products...
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This year, you do not have to pay an agricultural water service fee for irrigation
Climate extremes, the difficult economic situation caused by the war raging in our neighbor, and the unprecedented rise in energy and input prices pose significant challenges to agriculture. The historic...
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The GVH formulated six proposals in order to reduce the price of durable foods
The Economic Competition Authority (GVH) concluded its accelerated sectoral investigation on the durable food market, and on the basis of this, it formulated six proposals that can contribute to more...
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The latest research results of SPAR have shown that it is worth representing quality
Conscious customers consider it important that the products on the shelves and their packaging, as well as the logistics and food production processes, are transparent, and that their quality is...
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GFM: The online price monitoring system will start on July 1
The online price monitoring system will start on July 1 – the Ministry of Economic Development (GFM) informed MTI on Monday. In its statement, the department said that due to...
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The new Advertising Code is available
The renewed Hungarian Advertising Code, signed by 24 professional organizations, will be effective from June 30, 2023. In addition to the Code, we are also updating our guidelines, which will...
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The Food Bank is organizing a spring food collection campaign for the first time
Due to the increase in the price of food, the Hungarian Foodbank Association is organizing a food collection campaign for the first time in the spring this year. The association...
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Major price drop in the cereal market
Data from the Market Price Information System (PÁIR) of the Research Institute of Agricultural Economics (AKI) reveals: on the last week of March, the price of milling wheat – without...
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The “Protection of the Environment” awards were presented
Companies and individuals with outstanding performance in the field of environmental protection were awarded on Friday at the National Environmental Meeting and Awards Gala organized by the Association of Environmental...
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Imre Csernus: “Life is a gift and it depends on us whether we can use this opportunity”
Psychiatrist Imre Csernus was Szilvia Krizsó’s guest in the latest episode of the Future Talks podcast. This article features parts of the conversation, but you can watch the whole interview...
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13 percent of young people have no income, 11 percent receive more than HUF 400,000
According to the latest data from the K&H youth index survey, the average personal income of 19-29-year-olds increased by HUF 40,000, or by more than 28 percent, to HUF 182,000....
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7-Eleven to build its own e-vehicle charging network
7-Eleven is launching 7-Charge, a new electric vehicle charging network and a related app, at several places in Florida, Texas, Colorado, and California. Customers can charge any electric vehicle brand and model compatible with CHAdeMO...
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Gasoline prices are skyrocketing, yet two-thirds of Hungarians traveled abroad by car this year
The Central Statistical Office 2022 IV. data for the fourth quarter of the year already showed that Hungarians started traveling abroad again: the number of trips beyond our country’s borders...
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New FDA rules would allow salt substitute use for manufacturers
The US Food and Drug Administration (FDA) is proposing new regulation to let manufacturers use salt substitutes in items with standards of identity that include salt. This new rule would...
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Protecting our created world is our common duty
Hungary is committed to the fight against climate change, Minister of Agriculture István Nagy announced at the AIM for Climate conference in Washington on Monday. In his speech, the minister...
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Auchan France Launches New Smart Store At Its Headquarters
Auchan France has announced the launch of an Auchan Go le lab outlet at its headquarters in Villeneuve d’Ascq. After the success of its first contactless store, installed on the EDHEC...
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Retail losses — and apprehensions — soar in 2022
Eighty-one percent of U.S.-based retailers reported that shrink increased in 2022, according to “The 35th Annual Retail Theft Survey,” from loss prevention and inventory shrinkage control consulting firm Jack L....
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Chamber of Agriculture: the risk of infection in orchards has increased
The frost did not affect the apple orchards significantly in recent weeks, rather the threat of infection to the orchards increased due to the rainy weather – read the plant...
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AB Inbev posts double-digit growth
Anheuser-Busch InBev reports double-digit revenue and profit growth worldwide for the first quarter. Sales increased by 13.2 percent (EBITDA: 13.6 percent). The growth came from 0.9 per cent volume growth...
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This year, the NAK Szántóföldi Days and Agricultural Machinery Show will focus on sustainability
This year, the NAK Szántóföldi Days and Agricultural Machinery Show will focus on sustainability, but the usual, popular programs will not be left out either – said the president of...
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The volume has decreased, but is less food really consumed?
The FMCG industry is experiencing challenging times due to the ongoing pandemic and other economic factors such as inflation and supply chain disruptions. During Pénzcentrum‘s recent discussion with representatives of...
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EY: Hungarians live in emergency mode
In January, EY conducted representative research in 27 countries to assess how consumer habits have changed due to inflation. They pointed out that the current consumer mood is very similar...
Read moreRetail sales decreased in the euro area and the EU in March
In March, retail sales in the euro area and the European Union decreased in both monthly and annual comparisons. The statistical office of the European Union, Eurostat, announced on Friday...
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K&H: Hungarians feel less secure due to high inflation
Among the 30-59 year olds, the proportion of those who consider their financial situation to be extremely secure has dropped significantly, from 31 percent to 24 percent in one year,...
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FAO: The measure of world food prices rose in April for first time in a year
FAO Food Price Index increases, amid higher international quotations for sugar, meat and rice, while prices for wheat, maize, dairy products and vegetable oils decline The benchmark index of international...
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GFM: from June, the mandatory promotions will start in order to break food price inflation
The war and the failed sanctions policy led to unprecedented inflation across Europe. The government’s goal is to protect families, pensioners, jobs, and full employment even in an economic situation...
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In Romania, the volume of retail trade increased by 5.2 percent in the first quarter
In Romania, according to raw data, the volume of retail trade increased by 5.2 percent in the first quarter of this year compared to the same period last year, the...
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Consumers were deceived about the effects of Norbi Update products, GVH fined the company HUF 40 million
According to the investigation of the Economic Competition Office (GVH), the distributor of Norbi Update products deceived consumers in several ways, the office fined the company HUF 40 million, the...
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This year, the “Forest of Newborns” will grow to 450 hectares
With the cooperation of the Ministry of Agriculture, the “Forest of Newborns” Program was launched in 2020, within the framework of which, according to the commitment made in the Climate...
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