Market News
Dutch online supermarket Picnic launches in Berlin
Online supermarket Picnic has expanded its German activities to fifteen districts of the German capital, Berlin. More are to follow soon. Expectations are sky-high: even before the launch, some 35,000 households...
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Walmart to invest $257 million in beef-packing plant in Kansas
Walmart announced it would invest $257 million to open a beef-packing plant in Olathe, Kansas in 2025, which would create more than 600 jobs. The facility will package and distribute...
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Hungary is once again free of highly pathogenic bird flu
According to the relevant regulations of the World Organization for Animal Health (WOAH), Hungary regained its freedom from highly pathogenic avian influenza. The favorable status for the entire country allows for...
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What should be done with the orders of the Territorial Monitoring System?
In the past period, 28,000 producers have been notified electronically that there are administrative non-compliances or deviations detected by satellite images in their submitted 2023 uniform application. In addition to...
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Cereal bars, mueslis and breakfast cereals
The cereal market consists of cereal bars, mueslis and breakfast cereals. Shoppers have become price-sensitive recently, because of the growing inflation, and this had a negative effect on breakfast cereal...
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What impact will artificial intelligence have on advertising practice?
The DIMSZ Data-Driven Marketing Association and the Self-Regulatory Advertising Board (ÖRT) organized a workshop to present the common points of connection between artificial intelligence and advertising. How do we envision...
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Inflation decreased to 20.1%
As expected, inflation decreased to 20.1% in June from 21.5% in April, which was contributed by almost all factors except the prices of clothing, other items, fuel and service providers....
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MNB: food and manufactured goods curbed inflation in June
In June, the slowdown in inflation continued for the fifth month. Compared to the previous month, inflation slowed by 1.4 percentage points to 20.1 percent; the slowdown was almost entirely...
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FAO Food Price Index continued declining in June
The benchmark index of international food commodity prices declined again in June, led by price decreases for all major cereals and most types of vegetable oils, the Food and Agriculture...
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Consumers cut back on sugar for their long-term health, study shows
In a global survey, Kerry found people are looking for other sweeteners to preserve their long-term health, and increasingly want natural solutions. Kerry found in its latest consumer research that...
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KSH: in June, prices increased by 20.1 percent compared to the same month of the previous year
In June, consumer prices were on average 20.1 percent higher than a year earlier. In the past year, household energy and food prices have risen the most, the Central Statistics...
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Minister of Economic Development: we are on the right track in the fight against inflation
Thanks to the government’s targeted measures, the trend-like and ever-increasing decrease in sanctioned inflation continued: according to the latest data from the KSH, in June 2023 – by another 1.4...
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EY: The majority of large companies do not yet see what the introduction of the global minimum tax entails
The vast majority of large multinational companies will be affected by the global minimum tax, yet only a fraction of them are aware of what it will actually entail if...
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Instead of the expected growth, retail sales in the euro area stagnated again
In a monthly comparison, instead of the expected growth, the retail turnover in the euro area stagnated, and in an annual comparison, it decreased in May. The statistical office of...
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The value of the Hungarian coffee market increased by twenty percent in 2022, but the volume decreased
Due to the significant increase in the price of raw materials, the value of the Hungarian retail coffee market increased by 20 percent to HUF 82.8 billion last year, but...
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From the summer round table discussion of the Association of Hungarian Confectionery Manufacturers
When biting into the funnel during ice cream, hardly anyone thinks of a sacrifice, even though the name of the wafer comes from the Latin hostia, and the product itself...
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ÖMKi: Our food safety also depends on the new GMO regulation
The European Union will discuss gene technology rules in the near future, the draft of which was presented by the European Commission on July 5, 2023. Professional organizations view the...
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The NAK asks drivers to pay more attention during the harvest
Harvesting works are taking place all over the country, which is why there are more agricultural machines and tractors in traffic. The National Chamber of Agrarian Economy asks those driving...
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Lidl to recruit 1,500 workers for warehouse positions in the United Kingdom
As part of its store expansion across the country, Lidl plans to recruit over 1,500 distribution centre workers in the United Kingdom. Lidl GB currently operates over 960 stores in...
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The winery that follows the green path is on the right path
Why is wine the most emotional product in the world? What sustainability aspirations should a winery have today? What is the responsibility of the gastro-faces of the area who run...
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Hungarian wine and winemakers are celebrated in Eger
Hungarian winemakers are full of innovations, while respecting their traditions and lovingly guarding their professional secrets, Minister of Agriculture István Nagy declared at the Egri Wine Festival on Thursday. The...
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István Nagy: the government’s focus is on preserving the rural way of life
István Nagy emphasized in his speech at the producers’ and artisans’ fair held on Búza tér: it is possible to build on traditional ways of life. Today, the market is...
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Burnout among managers is spreading like an epidemic: generation Z managers are most threatened by chronic fatigue and loss of motivation
Thanks to the accelerated, digitized everyday life and the uncertainty arising from global events, the physical and mental symptoms of burnout appear more and more often in the workplace. About...
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Hungarian wine and winemakers are celebrated in Eger
Hungarian winemakers are full of innovations, while respecting their traditions and lovingly guarding their professional secrets, Minister of Agriculture István Nagy declared at the Egri Wine Festival on Thursday. The...
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Information about the Agro-ecological Program
In the 2023 subsidy year, the biggest innovation in the system of direct subsidies was the Agro-ecology Program (AÖP) with a budget of 202 million euros, for which farmers submitted...
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Starbucks to open sustainability lab
Starbucks is significantly increasing its commitment to sustainability – in partnership with Arizona State University. The coffee giant plans to develop a new sustainability learning and innovation lab at Hacienda...
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Metro AG Rebrands Human Resources Department As ‘People & Culture’
Metro AG has announced a ‘transformation’ of its human resources department, which will change its ‘focus, self-image and corporate culture’. The wholesale giant said finding and retaining skilled workers and...
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Harvesting is going on, the quantity and the yield are falling short of expectations
Harvesting is already underway on 1.8 million hectares; this year’s harvest promises to be better than last year’s extremely tragic year, but it falls short of expectations in terms of quantity...
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Future? Present!
Péter Szabó, managing director of Microsoft for 7 years now – who used to work in the FMCG sector for 17 years – gave a presentation at this year’s the...
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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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