Market News
Minimum wage increase will push the entire wage scale up in 2025
As the end of the year approaches, employees are also increasingly impatient to see if they can expect a pay rise next year. Pay planning processes are currently underway, and...
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Independence will make employees happy – here’s how we can make them that way
Our priorities are changing: according to MIT research, whether we stay at our jobs or quit is no longer primarily determined by professional and career considerations, i.e. it does not...
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Confusing food labels: warning from the European Court of Auditors
Food labels, logos and claims are supposed to inform consumers, but in practice they can often be confusing and even misleading, according to a new report by the European Court...
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Szaloncukor is getting more expensive: the rise in the price of cocoa beans is also affecting the holiday sweets
The price of szaloncukor which is an essential part of Hungarian Christmas traditions, may increase significantly this year. The popular sweet has been available in stores for weeks, but more...
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Bittersweet
This article is available for reading in Trade magazin 2024/11 “We see a growing trend in the bitter market, where we have been able to achieve growth with our flagship...
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Dynamic growth and challenges in the global coffee market
The global coffee market is poised for significant expansion as rising demand and changing consumer habits are giving the industry a new lease of life. At the same time, production...
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NAK: 19 Hungarian products took the lead in the world’s most prestigious cheese competition
At the world’s most prestigious cheese competition, the World Cheese Awards held in Portugal, the products of Hungarian small-scale and artisanal cheesemakers received 2 gold, 9 silver and 8 bronze...
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K&H: young people are more optimistic than a year ago
Young people are more satisfied – this is the overall conclusion of the K&H Youth Index survey, which examined the satisfaction of 19-29 year-olds with their own lives in the...
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Leaving the negative period behind
According to the data by IWSR, 2.57 million hectolitres of wine and 150,000 hectolitres of champagne and sparkling wine were sold in retail in 2023, representing a decline of 1.8%...
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NAK: greater than expected interest in the new CAP Strategic Plan applications
The new CAP Strategic Plan applications received greater than expected interest, with significant oversubscriptions for most of the open calls – the National Chamber of Agriculture (NAK) told MTI on...
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Hungary’s M&A market is going strong
Hungary’s transaction market has remained active in spite of the geopolitical uncertainties, according to a recent EY Mergers and Acquisitions (M&A) report. This article is available for reading in Trade...
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Cattle slaughterings down by more than 10 percent
39.8 thousand cattle were slaughtered in the first half of 2024, 10.4 percent less than in the same period of the previous year. The live weight of the slaughtered animals...
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Food Labels May Fool EU Consumers, New Report Warns
Consumers can easily get lost in a maze of food labels, EU auditors have warned. A new report said food labelling should help people to make informed decisions when buying...
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NAK President: Area-based subsidies are decisive for the operation of Hungarian agriculture
Area-based subsidies are decisive for the operation of Hungarian agriculture, stated the President of the National Chamber of Agriculture and the Association of Hungarian Farmer Associations and Cooperatives (Magosz) at...
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Unilever to offload The Vegetarian Butcher as it ‘prunes’ portfolio
Unilever has put plant-based meat alternative brand The Vegetarian Butcher up for sale as it looks to “prune” its portfolio of brands. The FMCG giant is understood to be working...
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The SZÉP card will be digitized
According to the ninth point of the New Economic Policy Action Plan, which consists of 21 measures, the government will allow 50 percent of the benefits received on the Széchenyi...
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MOHU is also implementing significant developments in food waste collection
As part of its program to encourage selective waste collection, MOHU will distribute more than one million bins nationwide to residential customers by the end of 2025 in areas where...
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Tesco to open more than 150 convenience stores in next 3 years
Tesco has unveiled plans to open more than 150 Express stores over the next three years as it looks to expand its convenience footprint. The move will create more than...
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Bagázs is preparing for the Christmas season with designer bags by contemporary artists and Roma seamstresses
The Bagázs Association has been working on the issues of Roma people living in settlements for more than a decade, implementing long-term, complex programs that contribute to helping children and...
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NAK: more than 100 thousand people have already signed the agricultural petition
More than 100 thousand people have already signed the agricultural petition initiated by the Association of Hungarian Farmers’ Associations and Agricultural Cooperatives (MAGOSZ) and the National Chamber of Agriculture (NAK)...
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GKI: Deteriorating confidence indices and economic outlook in Hungary
In November, both businesses and consumers became more pessimistic about Hungary’s economic outlook, according to a survey conducted by the GKI Economic Research Institute. The GKI business confidence index fell...
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Arabica coffee price hits 47-year high
The futures price of arabica coffee has reached a 47-year high, climbing to $3.08 per pound, as reported by Portfolio. The last time prices were this high was in 1977....
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The new consumer protection authority will strive to ensure market balance
The National Trade and Consumer Protection Authority (NKFH), which will be established on January 1, will strive to ensure market balance between businesses and consumers, said the Deputy State Secretary...
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Frozen food brands face the challenge
During the COVID period demand for frozen food increased, but then came the hike in electricity prices from the summer of 2022, which made many retailers cut their refrigeration capacity...
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Magyar Posta is preparing for the increased holiday traffic with 130 new vehicles
Magyar Posta expects to deliver more than 7 million packages during the holiday season, and to accommodate the increased traffic, 130 new vehicles will be put into service by the...
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Signature 40 once again – Signature Platform takes things to the next level: Signature Alumni Club launched
This article is available for reading in Trade magazin 2024/11 Márton Nagy: – We are happy to report that we took things to the next level, as we received exactly...
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Food production cannot be successful without adaptation, development and innovation
Despite the unfavorable economic environment and the challenges caused by climate change, farmers have not given up on investments. Those who envision their future in agriculture in the long term...
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Open for Business: LGBTQ+ inclusion has serious economic benefits
The Open for Business coalition, which includes global corporations, released a new report this week that examines the economic benefits of LGBTQ+ inclusion in Hungary. The report estimates that LGBTQ+...
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There are many applications, yet effective recruitment is often a challenge for domestic companies
The experiences and ideas of Hungarian companies regarding workforce management have changed only minimally, but the fluctuation has typically decreased since last year. The number of job applications has been...
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The price of bunch tomatoes has changed minimally
According to the WPTC’s October forecast, the volume of industrial tomatoes in Hungary may increase by 9 percent to 120 thousand tons in 2024 compared to 2023. According to KSH...
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