Market News
The future of digital banking: personalized customer experience and next-generation technology
The results of Deloitte’s latest Digital Banking Maturity 2024 research show that the digitalization processes that began during the COVID-19 pandemic have not slowed down, but have gained new momentum...
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Thousands protest in London against inheritance tax on farms
Thousands of people demonstrated in London on Tuesday against inheritance tax on agricultural businesses. Scotland Yard estimates that more than ten thousand people took part in the demonstration organized in...
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Social commerce predicted to reach $1 trillion by 2028
A new study forecasts skyrocketing growth for the social commerce marketplace. The global social commerce market is expected to gross $688 billion in 2024, 20% more than almost $571 billion...
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Intermarché Steps Up Measures To Create A Transparent Value Chain
French retailer Intermarché has decided not to commence trade negotiations for 2025 with dairy manufacturers until they reach a first level of agreement with their producers and suppliers. Intermarché has...
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Magosz: more than 50 thousand people have already signed the agricultural petition
More than 50 thousand people have already signed the agricultural petition, the Association of Hungarian Farmers’ Associations and Cooperatives (Magosz) announced on its Facebook page on Wednesday. The post stated...
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Gruppo Tonazzo gives up meat products for a plant-based future
Italy’s iconic meat processor Gruppo Tonazzo has announced that it will stop the manufacturing of all meat-based products by the end of the year. The company will focus on the...
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The producer price of raw milk increased by 17 percent in a year
According to AKI PÁIR data, the national average producer price of raw milk in Hungary was 182.86 forints/kilogram in October 2024. With an improvement in fat content of 0.16 percentage...
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The customer is the important to everyone, everywhere, at all times – We were learning together (Business Days 2024 Part 1)
Wednesday morning of the Business Days conference, the topic was a general market assessment of the past year and a half, in the light of the shopping habits of households...
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Coface: the region’s mammoth companies achieved growth in difficult times
The countries of the Central and Eastern European region performed poorly last year: the region’s aggregate GDP grew by just 0.7 percent year-on-year, the weakest figure of the current century....
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Generational change is increasingly a concern for Hungarian businesses
Surveys in recent years have shown that while Hungarian private businesses are addressing the issue of generational change, they are not doing so with the weight that is appropriate for...
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Supermint visited the dairy section of grocery stores
In the Supermint program, this time the dairy departments of commercial units were inspected by experts from the National Food Chain Safety Office (Nébih). The official inspectors visited 30 stores...
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The Food Rescue Center’s Advent Charity Campaign
The Food Rescue Center Nonprofit Ltd. (ÉMK) is launching its charity food collection campaign this Advent season with the support of the Ministry of Agriculture. This Christmas, the Center will...
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The Milk Product Council and the Hungarian Dairy Experimental Institute Ltd. are educating together
The Milk Product Council and the Hungarian Dairy Research Institute Ltd. are launching a series of articles entitled “Butter Definition”, which aims to clarify information about butter, dispel misconceptions, and...
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The country’s largest school fundraiser has launched
All Hungarian kindergartens, primary and secondary schools can join the country’s largest school fundraiser. The organizers of the Christmas Smiley Elves campaign, which will run from November 11 to December...
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The price of bone-in chicken breast and chicken breast fillet also decreased significantly
According to KSH data, Hungary’s poultry meat exports increased by 2.4 percent to 142 thousand tons in the first eight months of 2024 compared to the same period in 2023....
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GLS Hungary has prepared everything so that holiday packages arrive on time
The holiday season requires special preparation every year – thanks to GLS Hungary’s year-round data-driven operation and forward-looking planning, it is ready this year to ensure that shipments arrive on...
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Effective action must be taken against the placing of fake honey on the EU market
Effective action must be taken against the placing of fake honey on the EU market, for example by marking and separating natural and unnatural honey, but in the meantime, the...
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Migros Zurich To Restructure Tegut – 120 Jobs At Risk
Migros Zurich plans to restructure its German subsidiary, Tegut, putting approximately 120 full-time jobs at risk. The decision follows the inability of the banner to leverage existing market potential and...
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Live pig exports have strengthened
According to data from the Central Statistical Office, Hungary’s live pig exports increased by 22.7 percent to 22.5 thousand tons in January-August 2024 compared to the volume in January-August 2023....
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Hungary’s agricultural relations with the United Kingdom are further strengthened
Cooperation in the fields of agriculture and trade between Hungary and the United Kingdom must be further strengthened – stated István Nagy, Minister of Agriculture in London. The Minister held...
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Responsible packaging, sustainable future
Both the European and the domestic market feel the decline in retail sales. At the same time the changing market environment is encouraging cardboard packaging users to look for more...
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Amazon stops offering Fresh home delivery in Germany
After seven years, US-based Amazon is to discontinue its Fresh food delivery service in Germany. The service will cease in Berlin, Hamburg and Munich on 14 December and will be...
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The slowdown in the electric car market is only temporary
Global demand for pure electric, hybrid and plug-in vehicles (EVs) is slowing this year, according to an international survey conducted by EY of 19,000 consumers in 28 countries. The slowdown...
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Nestlé USA to Invest $150 Million to Expand Gaffney, South Carolina, Plant
Project will add a production line for the company’s single-serve frozen meals, as well as automation and digital technology enhancements. Nestlé USA will spend $150 million to expand its Gaffney, S.C., production...
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The most beautiful and fresh pine trees are available at farmers’ fairs this year
This year, customers can choose from even more beautiful pine trees before the Christmas period. According to the joint overview of the National Chamber of Agriculture (NAK) and the Hungarian...
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Germany’s Kaufland partners with start-up to offer more sustainable coffee
Kaufland is working with start-up Cotierra to offer more sustainably produced coffee. The coffee comes from a project in Colombia, where waste from coffee plantations is recycled. It is available...
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The amount available for ewe support will increase next year
The government is committed to supporting the sheep sector, which is why it has decided to increase one of the most important elements of the support available to sheep farmers....
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Organic farming is the key to and a leading model for sustainable agriculture
International and national organic farming experts met in Budapest at the 18th European Organic Congress. This article is available for reading in Trade magazin 2024/10 The debate focused on the...
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EU agriculture ministers discuss internal markets and fishing quotas
The situation of the European Union’s internal market and the 2025 fishing quotas will be discussed at the EU Agriculture and Fisheries Council (Agrifish) meeting on Monday, Agriculture Minister István...
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New economic “action plan”: Is it realistic to further increase household loans?
An unfortunate consequence of the domestic housing crisis is that the majority are unable to buy a home on their own, but are forced to take out a loan for...
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