Market News
The nationality ratio among foreign workers seems to be reorganizing
In the coming years, it is necessary to increase the number of employees by about 500,000 people, and for this the employment of foreign workers is essential – highlights Magdolna...
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ChatGPT receives a challenger
The world’s number one open source Large Language Model (LLM) has been publicly introduced and widely available. Falcon 40B, which has a capacity of 40 billion parameters and was trained...
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SPAR expansion in Croatia
SPAR continues to invest in the expansion of its retail network in Croatia. In April 2023 SPAR invested over EUR 4m in a cutting-edge INTERSPAR hypermarket in Kukuljanovo. The new...
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Lidl Introduces New Packaging For Strawberry Range
Lidl has introduced new packaging for its strawberry range. The discounter explained that this industry-first packaging update will result in 9.3 tonnes of plastic, or the equivalent of 375,000 bottles,...
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Coca-Cola HBC To Buy Finlandia Vodka Owner
Coca-Cola HBC AG said that it plans to buy Finlandia vodka brand owner Brown-Forman Finland Oy from Brown-Forman Netherlands BV for $220 million (€201.2 million), as the bottler expands its...
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Italy’s Agriculture Lobby Calls For Less Foreign Wheat To Save Farmers, Pasta
Italian farmers and consumers are demanding that the government limit foreign durum wheat imports to keep domestic producers in business and ensure greater food security. Prime Minister Giorgia Meloni has...
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Uber to cease food delivery in Italy, exit Israel
Uber said it will shut its food delivery business in Italy and exit Israel, where it has not built sufficient market share. The moves were “in line with our efforts...
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According to a survey, career starters want a salary of half a million forints
Since last year, the wage demands of career starters have increased significantly, those between the ages of 18 and 25 now want a salary of around half a million forints,...
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Intimate hygiene: only comfortably!
According to NIQ data, the total menstruation product market grew in both value and volume, from 2021 to 2022. This article is available for reading in Trade magazin 2023/6-7. ...
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BDO: The regulation on mandatory corporate sustainability reporting is already on the finish line
In April 2021, the European Commission adopted a legislative proposal for the Corporate Sustainability Reporting Directive (CSRD). This proposal requires covered companies to report in accordance with the European Sustainability...
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GVH: it may be illegal to pass on the manufacturer’s waste management fees to customers
From the point of view of competition law, the co-ordinated passing on of the waste recycling fees charged to the manufacturer and, in the case of foreign production, the distributor,...
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The ALDI store on Sziget will be a third bigger this year
ALDI has been a committed supporter and partner of community sports events and festivals for many years. This year, too, at numerous sporting events and significant Hungarian festivals, participants can...
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The summer food chain inspection begins on Friday
The traditional summer food chain inspection will begin on Friday and last until August 11, said the Secretary of State responsible for food industry and trade policy of the Ministry...
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Hungarian champagnes have returned to the forefront of Europe
The goal of the Hungarian government is still clear, priority support for increasing the value of agricultural products and promoting the technological development of processing plants – Minister of Agriculture...
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K&H: the majority of Hungarian companies focus on the digital transition
The majority of companies operating in Hungary focus on the digital transition, today only 34 percent do not see this as a significant challenge – K&H told MTI on Friday....
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Sándor Czomba: the government supports the strengthening of the SME sector
The government supports and intends to help the domestic SME sector strengthen and improve its international competitiveness with all possible means, said the State Secretary responsible for employment policy of...
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Budapest hosted the GREEN BRANDS awards gala for the first time
More than 100 people gathered from the Czech Republic, Hungary and Slovakia in Hotel Helia in Budapest, to celebrate the 2021/2022 & 2022/2023 winners of the GREEN BRANDS sustainability certificate...
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The renewed summer seasonal food chain control is starting
The national seasonal food chain inspection will begin on June 16. Dr. ordering the summer muster. Márton Nobilis, the state secretary responsible for the food industry and trade policy, pointed...
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Lidl to expand its Terra Naturra range in Switzerland
Lidl Switzerland will expand its Terra Natura range – these food products meet high animal welfare and environmental standards – by more than 20%, in comparison with the previous year....
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Martian soil may be good for growing rice
Martian soil may have all the essential nutrients needed for growing rice, which is one of the most important foods – planetary scientist Abhilash Ramachandran told at a conference on...
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Sustainability management – no escape!
In the age of sustainability, if companies want to stay competitive, they have no choice but to hire experts to help them in this process. The Certified Sustainability Manager (CSM)...
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New protection of origin rules are coming in the Nagy-Somlói wine region
The regulations for the protection of origin in the Nagy-Somló wine region are changing, only the name Somló will remain in use – Minister of Agriculture István Nagy announced at...
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Carrefour France Introduces AI-Powered Online Shopping Chatbot
French retailer Carrefour has rolled out a new chatbot based on OpenAI’s ChatGPT-4 technology, to improve the online shopping experience. Via the Hopla chatbot, Carrefour’s online shoppers in France will...
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60% Of Men Drink Alcohol To Cope, Notes Drinkaware
Some 60% of men drink alcohol to cope, according to Drinkaware’s Annual Barometer for 2022. According to the charity working to reduce and prevent the misuse of alcohol, men are...
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Unilever extends supply agreement with Barry Callebaut
Unilever has renewed its long-term chocolate and cocoa supply agreement with Barry Callebaut, extending a partnership that originally was initiated in 2012. Under the renewed agreement, Barry Callebaut will continue...
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The number of needy children in Hungary has increased to two hundred thousand
In Hungary, more and more people are suffering from poverty due to the current economic situation, as well as inflation and partial utility increases. Many small children never receive a...
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The market builds community
It is important to preserve our Hungarian culture in Hungary, and going to the market is also an integral part of Hungarian culture – declared Dr. Márton Nobilis, the State...
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(HU) XIXO Tutti Fruity Cactus
A new product in the XIXO Tutti Fruity range: Cactus takes us straight to the tropics. It has a style like no other, 5 types of vitamin B, it is...
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Food prices continue to rise due to the EPR
Food prices could increase by up to 4 percent due to the introduction of extended producer responsibility and the new industry burden for packaging materials. Starting from July 1st, in...
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This is how we can pay taxes in 2024: a summary of the package of proposals amending next year’s tax laws
On June 6, the Government submitted to the Parliament (No. T/4243) the bill containing the latest tax package (“Proposal”), the main points of which are described in this newsletter. Changes...
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