Market News
Responsible Gastro Hero Foundation: Valentine’s Day generates lots of waste
Every year more than 100,000 tonnes of waste is generated in Europe on Valentine’s Day, 70% of which is single-use packaging and short-life gifts. This article is available for reading...
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EUR 150bn for AI development in Europe
At the AI Action Summit in Paris this February the “EU AI Champions Initiative” was unveiled: this is a strategy to invest EUR 150bn in European AI start-ups over the...
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New regulation for protecting consumers
On 2 February the AI Act, the European Union’s first regulation on artificial intelligence entered into force. This article is available for reading in Trade magazin 2025/4. The legislation applies...
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Too Good To Go unveils food waste reduction platform
Too Good To Go has launched a new AI-powered platform to help retailers reduce food waste and thus increase profits. This article is available for reading in Trade magazin 2025/4....
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Tens of thousands of Hungarian companies need to comply with ESG standards
Under the ESG law, from 2025 not only large companies but also their suppliers will have to comply with sustainability standards. This article is available for reading in Trade magazin...
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Nearly EUR 6bn in fines since the start of GDPR
DLA Piper reports that EU data protection fines have reached EUR 5.88bn since the GDPR came into effect, from which EUR 1.2bn were imposed in 2024. This article is available...
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Mercadona to introduce personalised AI shopping assistant
A personalised AI-based shopping assistant called MercadonIA makes it easier for Spanish shoppers to plan their weekly meals and shopping. This article is available for reading in Trade magazin 2025/4....
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Nébih supports EUDR preparations with a thematic website
It is best to start preparations for the EUDR already now: the regulation covers seven product groups, including cocoa, coffee, soy and palm oil. This article is available for reading...
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IBM and L’Oréal develop sustainable formulations
IBM and L’Oréal are working together to develop sustainable and high-performance cosmetic products. This article is available for reading in Trade magazin 2025/4. The parties will use IBM’s generative AI...
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Young people believe everything the machine says
According to a study by EY, Microsoft and TeachAI, almost everyone who belong to Generation Z are using AI, but many don’t recognise the error-containing or misleading information generated by...
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Hungary and FAO put cooperation on a new footing
Maurizio Martina, deputy director-general of FAO and deputy state secretary Oszkár Ökrös have discussed the establishment of new foundations for and the further strengthening of the nearly twenty years of...
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PwC’s Hungarian CEO Survey: growing confidence, cautious expectations
PwC Hungary’s 14th CEO survey was conducted in the last quarter of 2024, with the participation of 252 Hungarian executives. This article is available for reading in Trade magazin 2025/4....
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Why has lactose-free milk become cheaper? – margin freeze, hidden profit margins and the trick of “free” products
A recent price comparison has come to a surprising result: as a result of the government’s margin freeze, the prices of lactose-free dairy products have decreased the most in the...
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The European Commission has proposed to strengthen the competitiveness of the EU wine sector
The European Commission is proposing measures to improve the competitiveness and resilience of the European wine sector, so that it remains a vital economic force in the coming decades, it...
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NGM: government will preserve the purchasing power of pensions, pensioners will receive an additional increase of an average of HUF 39,600 in November
The government is committed to providing stable and predictable living conditions for pensioners. In January this year, the government increased pensions by 3.2 percent, which provided substantial assistance to approximately...
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Sustainable turnaround in Hungarian agriculture: more and more people are switching to modern production methods
Innovative, sustainable technologies are playing an increasingly important role in Hungarian agriculture, which not only increase productivity but can also ensure competitiveness in the long term. Organic farming, greenhouse cultivation...
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Franchise 2025
This article is available for reading in Trade magazin 2025/4. In recent years the uncertainty of the economic environment has made regulated, stable business models more valuable in the eyes...
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Hungarian banana history: from rarity to staple food
Bananas have long been a popular fruit worldwide, but there are still many misconceptions surrounding them. For example, few people know that bananas do not ripen on trees, or even...
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K&H: smart devices are unstoppable
There has been a spectacular growth in mobile payments among K&H customers: in 2024 they spent nearly HUF 602bn using their smart devices, a 60% rise compared to a year...
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This year’s call for applications for the European Enterprise Development Award has been published
This year’s call for applications for the European Enterprise Promotion Awards has been published, and the Ministry of National Economy (NGM) is waiting for applications for creative, innovative and unique...
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Based on employment data, Hungary is among the leaders in Europe
According to the data of the Central Statistical Office, in February 2025, nearly 4.7 million people worked in our country. The number of employed people remains outstanding, while the unemployment...
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Government steps may also be taken to restrict banking and telecommunications
The government would not only intervene in the pricing of basic foodstuffs, but would also open new fronts in the fight against price increases, according to a statement by the...
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Adherence to protective measures can stop the spread of foot-and-mouth disease, experts say
Adherence to protective measures can stop the spread of foot-and-mouth disease, so the most important thing is to follow the rules in a disciplined manner, experts said at a press...
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NGM: government will preserve the purchasing power of pensions
The government is committed to providing stable and predictable living conditions for pensioners. In January this year, the government increased pensions by 3.2 percent, which provided substantial assistance to approximately...
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Hungary’s most comprehensive Generation Z research published
Diversum, Quantum Digitális Diákszövetkezet, Krisztián Steigervald (SteiGen) and PwC have published the Gen Z Report, Hungary’s most comprehensive research on Generation Z to date. This article is available for reading...
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Margin freeze, small store support, new authority – what awaits Hungarian buyers and traders?
The margin freeze that came into effect on March 17, 2025 has brought spectacular price reductions for several basic foodstuffs, and consumers are happy – but in the background, the...
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The Ministry of Agriculture and the University of Debrecen have signed a strategic cooperation agreement
The strategic cooperation established between the Ministry of Agriculture and the University of Debrecen expresses our common goals, strengthening the competitiveness of Hungarian agriculture and developing the effectiveness of the...
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The situation of young people is improving, according to their own admission
Young people’s perception of their current situation and future expectations has improved significantly: in the first quarter, the K&H Youth Index value increased to 22 points, which is a record...
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NKFH: Consumer protection officers inspected hundreds of stores and restaurants operated in the Far East
Consumer protection authorities inspected hundreds of shops and restaurants operated in the Far East, and fines of around 20 million forints were imposed during the nationwide targeted inspection, and 15...
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More than a third of UK farms at risk of bankruptcy by 2030 due to inheritance tax changes
A new study of 2,000 UK farms has highlighted the impact of the so-called “family farm tax” on farming. The study found that more than a third of UK farms...
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