Market News
Grant Thornton: The number of female managers is on the rise
While the proportion of senior management positions held by women worldwide has increased from 19.4% to 33.5% in two decades, progress has been disappointingly slow – just 1.1% growth from...
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NMHH: The previous growth rate of online shopping has stalled
The previous growth rate of online shopping has stalled – concluded the research of the National Media and Communications Authority (NMHH), the summary of which was provided to MTI on...
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NGM: the weakness of foreign markets is hindering the recovery of industrial performance
According to the data of the Central Statistical Office (KSH), industrial performance decreased by 3.6 percent on an annual basis in January 2024, while a decrease of 1.1 percent was...
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Last year, Hungarians spent more than HUF 400 billion on shopping abroad
Hungarians spent nearly 400 billion forints abroad on short foreign trips, primarily for shopping, according to recent data from the Hungarian Central Statistical Office (KSH). Despite a significant decline in...
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Strong headwind in the juice market
This article is available for reading in Trade magazin 2024/2-3 NIQ data reveals: the FJND market grew by 6.8% in value, with a 23.7% decline in volume sales in 2023...
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Kyiv is ready to limit Ukrainian food exports to the EU
Ukraine is ready to accept trade restrictions with the European Union in order to resolve the political dispute between it and Poland, but at the same time urges the Union...
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Coop to reduce the VAT rate on sanitary pads in Italy
Coop Italia has decided to absorb a recent VAT increase on sanitary pads in Italy, and has re-launched its campaign to reduce the tax rate on feminine hygiene products. Under...
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ChefGomba has a competitive advantage, thanks to Hungarian Product trademarks
With its ChefGomba products, Eurochamp Hungária Kft. also participated in the continuation of the “HUNGARIAN GIVES YOU MORE” campaign at the beginning of the year. This article is available for...
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However, it is not always necessary to offer Magyar Posta to webshops during delivery
It is mandatory for webshops to offer the possibility of delivery by Magyar Posta to the customer who qualifies as a consumer, on the website of the online store, if...
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Key tasks await agricultural graduates
Overall, our country is abundantly self-sufficient in vegetables and fruit thanks to the strength of the profession, for its future preservation and strengthening, the training of good professionals is essential...
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The payment of support related to Natura 2000 grasslands has begun
In the first round, nearly 7,000 farmers will receive support worth more than HUF 7.5 billion through the call for tenders entitled “VP4-12.1.1-16 “Compensation payments for Natura 2000 agricultural areas”....
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A Geo Terroir research group was established at the University of Szeged
The Geo Terroir research group, which helps the development of domestic agriculture, food industry and tourism, was established at the University of Szeged with the cooperation of experts from several...
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Hungary has been in the EU for 20 years: how have labor costs changed?
On May 1, 2004, ten new states joined the European Union, including Hungary. In our series of articles, we use one indicator to explore how the situation of our country...
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Uniform brand name, online contract signing – innovations for merchants looking for a payment solution
The popularity of electronic and mobile payment solutions among users and entrepreneurs is growing unstoppably, according to the MNB’s 2023 payment report, the proportion of electronic payments increased by 5-6...
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Agricultural cooperation with Mongolia is entering a new level
Minister of Agriculture István Nagy signed a letter of intent to strengthen agricultural and food industry relations, meeting with Javkhlan Bold, Minister of Finance of Mongolia, at the Ministry of...
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Croatia’s Podravka to invest in tomato processing
Podravka is spending €13m ($14.1m) on the project, which is expected to be completed this summer. Croatian food group Podravka is to invest in increasing its processing capacity for tomatoes...
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Interest subsidy programs help thousands of farmers
Interest subsidy programs that provide significant budget resources provide financing available to thousands of farmers, said the Secretary of State for Agriculture and Rural Development of the Ministry of Agriculture...
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Colruyt Commences Conversion Of Match And Smatch Stores In Belgium
Colruyt Group is commencing the integration and transformation of a majority of acquired Match and Smatch stores to the Comarkt (Comarché) banner. The Belgian Competition Authority (BCA) is expected to...
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Ultra-processed foods linked to 32 harmful health effects in BMJ report
Consumption of ultra-processed foods (UPFs) has been linked with the development of 32 adverse human health outcomes, according to a study published in the British Medical Journal. The umbrella review...
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In joint work with farmers for the development of agriculture
In our country, a strategic alliance has been established between the government and the farmers, so we are fighting with all our might to make Brussels change direction, which means...
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The Geo Terroir research group was established to help the development of domestic agriculture, food industry and tourism
The Geo Terroir research group, which helps the development of domestic agriculture, food industry and tourism, was established at the University of Szeged with the cooperation of specialists from several...
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NAV found fake products and more than ten thousand e-cigarettes in a truck near Gyula
The financial inspectors of the National Tax and Customs Administration (NAV) found products with fake branding and more than ten thousand electronic cigarettes in a truck near Gyula. In a...
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The Sirha Budapest International Food Industry Exhibition has opened
The Sirha Budapest International Food Industry and HoReCa Trade Fair opened on Tuesday at Hungexpo. Minister of Agriculture István Nagy said at the opening that the government sees Hungarian agriculture...
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Are firms hiding how climate change is affecting them?
Despite companies setting broad climate targets in response to investor pressure, 47% aren’t disclosing how they intend to meet them, according to EY’s global Climate Risk Barometer. This article is...
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Twenty-five years of Billa’s private label Clever
Austrian retailer Billa’s private label Clever is celebrating its 25th anniversary with new products and a refreshed look. New Clever products include peanuts, hamburger buns, fresh egg waffles, party drinks and...
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Personalisation is the keyword in retail this year
Personalisation, artificial intelligence (AI), and sustainability – these are the keywords that are unanimously mentioned in almost all the trend forecasts that analyse the prospects and opportunities for retail in...
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The price of horseradish rose by 4 percent and that of beets by 27 percent
According to KSH data, 8.8-11.1 thousand tons of horseradish were produced in Hungary in recent years on 1100-1400 hectares, the average yield was between 6.7-8.9 thousand tons/hectare. According to KSH data,...
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Billa Rolls Out 3D-Printed Plant-Based Salmon Fillets From Revo Foods
Austrian supermarket chain Billa is offering mushroom-based salmon fillet from Revo Foods which is produced using a 3D printing process. Billa is offering the product in its plant-based store concept...
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The sheep industry expects a successful Easter period
This year’s Easter season holds hopeful prospects for Hungarian sheep breeders. The increasing demand in the European market is further enhanced by the coincidence of the early Easter and the...
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Vegetable growers can expect a difficult period
Due to the massive influx of Ukrainian crops, those Hungarian vegetable producers who cannot irrigate and are faced with a serious price drop on the market are in danger. According...
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