Market News
Japan legalises self-checkout alcohol sales
Last week, Japanese Minister of Digital Affairs Taro Kono announced that stores would now be permitted to sell alcohol and tobacco through self-checkout registers, without a clerk checking the customer’s...
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Aldi Unveils New Regional Headquarters And Distribution Centre In Alabama
Aldi USA has opened its new regional headquarters and distribution centre in Loxley, Alabama. The 564,000 square-foot facility is equipped to supply goods to stores across Louisiana, Alabama, Mississippi and...
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The German and Hungarian agricultural economies are linked by a thousand threads
Germany is traditionally Hungary’s most important economic partner in the agricultural sector as well – stated Minister of Agriculture István Nagy, who received German Ambassador Julia Gross in his office...
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On an annual basis, food prices slowed in January, but shopping did not become cheaper
Food inflation in Hungary decreased from 44.8 percent in December to 44 percent in January in an annual comparison. The slowdown is primarily the result of base effects – pointed...
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KSH: Poultry meat and bread cost 2.8 and 2.7 percent more compared to the same month of the previous year
In January of this year, consumer prices exceeded a year earlier by an average of 25.7 percent, the Central Statistical Office (KSH) announced on Friday. Over the past year, household...
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Márton Nagy: inflation will be single digits by the end of the year
According to expectations, inflation will decrease from next month and will be in single digits by the end of the year, the Minister of Economic Development said on the government’s...
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Let’s eat less, eat worse! – is this really the only thing left?
The retail sector ended the year 2022 with an extremely poor performance, according to the KSH, in December food retail trade showed an 8.3 percent decline on an annual basis....
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Super Bowl brought in additional revenue this year due to increased food and beverage sales
In 2023, the most important event in the American sports economy, the final of the American football championship on Sunday, the Super Bowl, will bring in record revenues in 2023,...
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Inflation’s impact on the food shopping of households
Analysing per capita spending data from the Central Statistical Office (KSH), published in 2021, what we see is that in 2020 Hungarian households spent the most on buying food (26.1%)...
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Arabica Coffee Prices To Drop 12% As Global Surplus Forecast
Arabica coffee prices are forecast to post an annual drop of 12% in 2023, with a large crop in top producer Brazil expected to lead to a global coffee surplus...
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France To Get New Discount Supermarket Chain
A new French discount supermarket chain – Toujust – is set to open its first store in Alès, in the Gard region, mainly selling private-label products, according to media reports....
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PepsiCo earnings beat expectations as price hikes boost snack and beverage sales
PepsiCo on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, fueled by higher prices for its snacks and drinks. But the company saw volume fall 2% across its food business...
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Good news about non-ÖKO seeds and tubers
Regulation 889/2008/EC of the Commission of the European Union permits the use of seed and potato tubers from non-organic farming in organic farming, if the producers cannot obtain propagating material...
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The Nébih interface for e-GN submission can now be tested
Nébih provides an interface for the submission of the electronic management diary (e-GN), which thus enables the direct submission of data from the farmers’ farm management software. The “connection request”...
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EY: A mild recession, but a sluggish recovery awaits businesses
Companies in Europe have to face a short and mild economic downturn, which is, however, only followed by a slow recovery, reads the international study by EY. The Central and...
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The GVH continues its targeted official actions on the market of durable foods
The Economic Competition Authority (GVH) will continue its targeted official actions on the durable food market, the aim of which is to reveal the distortions of competition in the Hungarian...
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Gergely Gulyás: The VAT reduction of food items did not come up
At Thursday’s government briefing, Gergely Gulyás said that the VAT reduction did not arise, which otherwise significantly lowered inflation in Croatia. And the reason for this is that, according to...
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KPMG: emerging Hungarian companies must publish their sustainability report for the first time in 2026
Up-and-coming Hungarian companies must first publish their reports on their 2025 results based on the European Union’s sustainability reporting system (CSRD) in 2026, the international consulting firm KPMG pointed out...
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Sándor Farkas: the recognition of Hungarian agriculture has never been as good as it is now
The recognition of Hungarian agriculture has perhaps never been as good as it is now – the Parliamentary State Secretary of the Ministry of Agriculture stated on Thursday in Nagymágocs....
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Albert Heijn And BP Open 100th AH To Go Forecourt Store
Albert Heijn and BP have jointly announced that they have opened the 100th AH to go forecourt store. The Albert Heijn to go store at the BP station at the...
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Bacardi buys majority of Jay-Z’s cognac brand, ending legal battle
Bacardi resolved a legal battle with entertainer and businessman Jay-Z by buying a majority of his stake in D’Ussé, the super-premium cognac brand he developed with the alcoholic beverage maker....
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The antibiotic use reporting system is available for the monthly data provision of farms
Veterinarians and their representatives can once again use the system for reporting antibiotic use, which has been expanded with new functions. Wholesalers of veterinary medicinal products with antibiotic active ingredients...
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Single-Use Plastic Waste Rises From 2019 To 2021, Despite Pledges
Single-use plastic production rose by six million tonnes per year from 2019 to 2021 despite tougher worldwide regulations, with producers making ‘little progress’ to tackle the problem and boost recycling,...
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Hungarian-Algerian agricultural relations must be further strengthened
In order to ensure a safe food supply, it is extremely important for our country to get to know Algeria’s production experience and technologies, said Minister of Agriculture István Nagy,...
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ROSSMANN is among the 30 best employers in the world
The American business magazine Forbes has published a new list of the best employers in the world. ROSSMANN finished 26th in 2022, improving 18 places compared to its excellent 44th...
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Retail turnover decreased by 3.9%
Falling short of expectations, according to the raw data, the volume of retail trade decreased by 4.8%, and when adjusted for the calendar effect, by 3.9% compared to the same...
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K&H: What worries the citizens of the world?
The term “sustainability” has entered the vocabulary of everyday life. According to a research covering 34 countries, among the problems that concern people, the most frequently used concepts – such...
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Pizza inflation is the highest in Hungary
Among the EU countries, the annual inflation of pizza and quiche increased the most in Hungary (46%), followed by Lithuania (39%) and Bulgaria (37%), Forbes points out in a recent...
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Industrial production increased by 2%
Far exceeding expectations, industrial production increased by 2% in December, while adjusted for the effect of working days, production increased by 5.7%, as there were two fewer working days in...
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This is how CEOs would mitigate the effects of the crisis, according to the PwC survey
The majority of Hungarian business leaders expect a clear slowdown in the growth of the world and Hungarian economies in 2023, however, they feel that the situation of the domestic...
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