Market News
In 2023, the minimum wage will be HUF 232,000
The agreement was reached at the Permanent Consultation Forum of the Competition Sector and the Government (VKF); As of January 1, 2023, the minimum wage will be 232,000 forints and...
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Ipsos: this is how consumers evaluate the year 2022
Based on an international survey by Ipsos, half of the population of the 36 countries surveyed (56%) characterize 2022 as a bad year for themselves and their families, and three...
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Gyopáros Alpár: small village shops can apply for HUF 1-3 million
Small village shops can apply for HUF 1-3 million subsidies – the government commissioner responsible for the development of modern settlements announced at a press conference in Budapest on Thursday....
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What do we put on the bread? The country’s big sandwich research has been completed
Practically, there is no compatriot who does not eat a sandwich more or less regularly, but according to a recent national research, seeing the large increase in the price of...
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Márton Nagy: the government is planning a 3.5 percent deficit and 1.5 percent growth next year
The government plans and will achieve that the budget deficit will be 3.5 percent next year after this year’s 4.9 percent, and the growth could be 1.5 percent after the...
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Walnut bejgli will be significantly more expensive this Christmas than ever before
Nut growers are closing a weak year, which is why bejlgi is becoming more expensive. Péter Kelemen, vice-president of the Hungarian Vegetable and Fruit Trade Organization and Product Council (FruitVeB),...
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Efficiency in e-commerce: increasing the role of last mile logistics warehouses is important
According to the GKI report, in 2021 the online market generated HUF 1,200 billion in turnover in Hungary, and service providers delivered nearly 67 million orders. Despite the fact that...
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“Several Sole-Mizo products are brand icons”
According to Beáta Harcsa, strategy and marketing director of Bonafarm Zrt., the Mizo brand is famous about being an innovative force in the dairy industry. Sole-Mizo Zrt. is a member...
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Nébih: no one should buy live poultry from areas restricted due to the bird flu epidemic
The National Food Chain Safety Office (Nébih) requests that no one buy live poultry from areas subject to restrictions due to the bird flu epidemic, as this could easily lead...
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Damaged products, undelivered packages – tips for sending the right Christmas package
During the Christmas period, the number of package deliveries also increases by leaps and bounds. However, this also means that even more incorrectly sent packages end up in the warehouse,...
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The 2022 plastic and garbage ranking of domestic grocery stores has been published
A comprehensive report was prepared on how much single-use plastic and packaging materials burden the environment with the largest food retail chains present in our country. The research was carried...
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Transfer pricing rules are changing in Hungary
In the course of 2022, several laws were amended that affected the current transfer pricing rules. 32/2017, published most recently by the Ministry of Finance on December 9, 2022. Based...
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SPAR was forced to recall ground poppy seeds
Recalled from shops on 30.06.2023. Spar S-Budget ground poppy seeds with a shelf life – announced the National Food Chain Safety Office (Nébih). The distributor justified the measure with sensory...
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Self-checkouts are being targeted by first-time shoplifters
Self-checkouts are being targeted by shoplifters who have no previous criminal background, according to a study from Scanwatch. Scanwatch said UK retailers had reported an 18% rise in theft in...
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Gatorade rolls out immune support and recovery gummies
PepsiCo’s Gatorade brand is the first dietary supplement to enter the gummies segment, as the brand aims to cover more times when an individual might use it. The company is...
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Insect-Based Ingredients Maker Ynsect Expands In North America
France’s Ynsect has announced deals to build insect ingredient production sites in the United States and in Mexico as the firm kicks off what it says will be the world’s...
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Russia’s Magnit Races To Open Discount Stores As Living Standards Slump
Russian supermarket chain Magnit plans to continue the rapid roll-out of discount stores next year as shoppers across the country turn to cut-price options amid a recession that is further...
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More than half of the businesses are thinking about unique solutions that require 5G or broadband infrastructure
More and more businesses are realizing that optimal and fast data connections, making the most of the opportunities offered by 5G or the Internet of Things (IoT) can transform their...
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Payments are made to livestock keepers under several rights during the week
This week, a significant payment will be made in production-related subsidies to the sheep sector and dairy cattle farmers, totaling HUF 11 billion. This year – due to the drought,...
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The VAT Act offers a number of options for actors in economic life
The VAT Act offers a number of options for actors in economic life. These are alternative forms of taxation that can either be a significant advantage or, if chosen incorrectly,...
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The dog has become a full-fledged member of the family among Hungarians as well
Almost a third of Hungarian households have a dog, 65 percent of the owners consider their four-legged pet as a member of the family, and 16 percent even consider the...
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The 4th Art is Business Awards were presented to corporate sponsors of art
For the fourth time, the Art is Business Award, the country’s only award for connections between the corporate and artistic worlds, was presented in five categories. The awardees were the...
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Hungarians would most like to see household appliances and electronic products under the tree
Buyers are trying to counteract the economic difficulties with a more conscious attitude, more than half of whom – taking advantage of the sales and discounts at the end of...
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Small shop owners are desperate because of the extension of the price cap
At the news of the extension of the food price caps, the owners of small shops were more than angry. For example, Valéria Freidmann, a greengrocer, stated to ATV News...
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KSH: food exports were 0.5 percent lower than a year earlier
In October, the volume of industrial production was 5.9 percent higher than a year earlier, adjusted for the working day effect, production increased by 5.1 percent. Compared to the previous...
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More than half a million against food waste and inflation!
Munch, founded in Hungary, merges with the largest food rescue platform in the Czech Republic in order to act together against the problem that has become pressing today. The region’s...
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The Egg Association teaches students how to fry eggs with breakfast recipes in a few minutes on TikTok
A third of Hungarian high school students still do not eat breakfast, and home-cooked food and family meals are an increasingly rare experience for today’s young people, according to a...
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Next year will bring #buyhungarian 2.0 – A busy year ends with the “Hungarian is the real thing!” online image campaign
More than 5,000 products of 230 companies are entitled to use one of the Hungarian Product trademarks of Hungarian Product Nonprofit Kft. The combined sales revenue of these firms is an...
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Eroski to use Planet-Score label on its private label products too
Spanish retailer Eroski has decided to put the Planet-Score label on its private label ranges, to better inform consumers about the carbon footprint of its products. Earlier Eroski already collaborated...
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SPAR Australia opens new distribution centre in Brisbane
This October SPAR Australia opened a new distribution centre in Brisbane, Queensland. It covers 13,400m² of floor space, and one of the objectives with this step was to support and...
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