Market News
A new Hungarian method can help protein research
In a study published in the journal Nature Communications, the HUN-REN–ELTE Protein Modeling Research Group laid the foundations of a mathematical method that enables a computerized comparison of the three-dimensional...
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KKM State Secretary: Shipping and logistics are a strategic sector for Hungary
Shipping and logistics are a strategic sector for Hungary, so the government has already implemented serious infrastructure developments – said the state secretary responsible for bilateral relations of the Ministry...
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The Joint Venture Association and the Hungarian Economic Development Agency have concluded a cooperation agreement
A cooperation agreement was signed by the Joint Venture Association (JVSZ) and the Hungarian Economic Development Agency (MGFÜ). The aim of the agreement is to enable domestic SMEs to access...
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Further increase detected in the GfK Sustainability Index
Sustainable consumption is on the rise again, at least according to the latest GfK Sustainability Index. After a temporary decline last autumn, the upward trend continued in April. The index...
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Penny Romania Targets Double-Digit Growth In 2024
Discounter Penny Romania ended 2023 with a revenue of over RON 8.32 billion (€716 million), representing a 16% increase year-on-year and a new record for the company. It is the...
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Arla pledges £300m to bolster UK dairy industry
Arla Foods has pledged it will invest £300m across five UK dairy production sites in a move set to boost the UK’s dairy industry. The dairy giant revealed that it...
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Mihály Varga: the sovereignty of the Hungarian economy and the domestic food industry must be strengthened
The future of Europe can be secured with equal, sovereign member states, which is why the government continues to work to strengthen the sovereignty of the Hungarian economy. One of...
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The relaxation of anti-inflationary measures can be dangerous, the solvency of the population is at stake
In the first quarter of this year, the solvency of the Hungarian population improved thanks to falling inflation, however, according to analysts, price increases are expected again. Since the emphasis...
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GVH is acting on behalf of consumers following popular flu remedies
It is in the fundamental interest of consumers who follow popular domestic flu products to be clearly informed about the advertising nature of individual content. The Economic Competition Authority (GVH)...
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We can wander around the country’s small-scale breweries on weekends
On Saturday, May 25, the Hungarian small-scale breweries will open again to interested parties as part of a national program. The aim of the initiative, as in previous years, is...
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Gedeon Birtok rosé won the main prize of the Szeged Wine Festival
The 2023 cabernet sauvignon rosé of the Gedeon Birtok in Izsáki won the main prize of the wine competition organized at the Szeged Wine Festival, the award was presented on...
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Spinach has gained new momentum
The cultivation of spinach in Hungary gained momentum again as soon as the season started. This vegetable is grown on more than 540 hectares, and according to last year’s data,...
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Summer seasonal jobs have started
With the approach of summer, the time for seasonal jobs has also arrived: during this period, the number of casual work opportunities increases several times. Due to the tax benefits...
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K&H: more people are interested in sustainability than you think
The majority of people around the world support the fight against climate change, but public opinion and politicians often underestimate the number of people who are actively engaged in it....
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Zsuzsanna Szűcs was again elected president of the National Association of Hungarian Dietitians
The National Association of Hungarian Dietitians (MDOSZ) again elected Zsuzsanna Szűcs as president at its general meeting. Based on the votes of the membership, the dietician, who held the position...
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Netrisk: more people took out travel insurance in the first quarter
According to this year’s Netrisk data, Hungarians signed 72,000 travel insurance contracts in the first quarter, 13 percent more than a year earlier. The average fee was HUF 10,500, which...
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New Haribo Bitter Lemon & Friends available for a limited time in Austria
Haribo launches a new product in Austria inspired by the world of beverages. The now 104-year-old Bonn-based confectionery manufacturer offers more than 200 different varieties – and now the portfolio...
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Certified organic market sees record sales in 2023
The US certified organic market reached a record $69.7 billion in sales in 2023, according to data from the Organic Trade Association (OTA). Sales in the category rose 3.4% compared...
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German supermarkets draw even with discounters
After two years of inflation-induced market share losses, German supermarkets stabilize their market position. Food prices are deflating for the first time in ten years. Market leader Edeka ended the...
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The activities of Żabka Group have a significant impact on the development of the Polish economy
The recently published Responsibility Report, “Conveniently and Responsibly”, shows that the total amount of added value generated by the Group and its collaborating franchisees reached PLN 9.1 billion in 2023,...
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Euro zone inflation was 2.4 percent in April as well after March
In accordance with what was announced in advance, the annual inflation in the euro zone was 2.4 percent in April after March, according to the final data published by Eurostat,...
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The Hungarian Marketing Association elected new board members
The defining organization of the profession, the Hungarian Marketing Association (MMSZ), organized its renewal general meeting on May 15 in Haris Park, at which the members elected an expanded, now...
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Mihály Varga: the economy is entering a phase of intensive development
Having closed the extensive era, the Hungarian economy is increasingly moving into the phase of intensive development, when the added value increases significantly, said the Minister of Finance in Kaposvár,...
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Do guest workers inevitably come to Hungarian agriculture and the food industry?
Significant labor shortages and employment difficulties exist in the Hungarian agricultural and food industry sectors, which can be attributed to multiple factors. According to Dr. Kántor Gyöngyi, HR director of...
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The price of olive oil may increase significantly
Olive oil prices have soared to record levels, caused by a shortage of “liquid gold” and extreme weather due to climate change, plunging the industry into crisis. This essential food...
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Customers will have more money to spend, but the economy is still not out of the crisis
This year, several new economic forecasts indicate that the Hungarian economy will achieve or even exceed regional growth averages, and the increase in real wages will once again enable consumption...
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What can be called sourdough bread will soon become tougher
Recent discussions within the Hungarian Food Codex Committee suggest changes to the regulation of the “sourdough” label, including defining the maximum amount of yeast allowed and the minimum fermentation time...
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In Austria, inflation slowed down in April
The rate of annual growth of consumer prices in Austria fell to 3.5 percent, the lowest since September 2021, in April following the previous month’s 4.1 percent, in accordance with...
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KPMG is testing AI as a compliance specialist helping the work of consultants
Hungarian for Innovation organized by the Joint Venture Association (JVSZ). At the conference, a KPMG Hungary employee reported on their experiment, in the framework of which they supported the process...
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An all-around convincing performance by this year’s EuroCIS
This year’s EuroCIS – the leading trade fair for the retail technology industry – was a big success. This article is available for reading in Trade magazin 2024/5 The trade...
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