Market News
Amazing price hike on the dairy product market – more and more people may turn to imports
According to the Hungarian Central Statistical Office (KSH), dairy products have become one of the most significant factors in food inflation. Dairy products account for more than 10% of KSH’s...
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World Obesity Day: Women are more affected by social stigma associated with being overweight
Obesity, now recognized as a chronic disease, is proven to be associated with an increased risk of developing nearly 200 complications, such as cardiovascular problems, diabetes, and cancer, experts warned...
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Hungarian potato production has declined significantly
Potato production and consumption in Hungary have decreased drastically in recent decades. The previously 15,000 hectares of cultivated area now only covers 6,000 hectares, and the amount produced does not...
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Wine market changes: declining consumption, challenges and opportunities
In recent years, there has been a significant transformation in the domestic and international wine market. In particular, the demand for red wines has decreased drastically, while the popularity of...
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The future of retail: cashierless stores and the spread of automation
Retail is increasingly moving towards automation and digitalization, but will the era of cashier-free stores come? According to Gábor Kende, CEO of Kende Retail, cashier-free technology is not only more...
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Winning steps in the world of Hungarian brands
In 2024 the MagyarBrands Programme assessed the business performance of thousands of brands for the fifteenth time, to find the exceptional ones relying on its complex selection system: this time...
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Producer prices of slaughter cattle are also rising in the EU
According to AKI slaughter statistics, in January 2025, cattle slaughter in Hungary increased by 27.8 percent in live weight compared to January 2024. Cows, which account for more than two-thirds...
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GREEN BRANDS 2024 – sustainability awards for a green future
The GREEN BRANDS 2024 regional gala, held in Vienna’s historic Niederösterreich Palais in December, celebrated the best representatives of sustainability. Sustainability excellence from Hungary, Austria, the Czech Republic and Slovakia...
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Six out of ten employers plan to raise wages by 2025, but at a lower rate than last year
Similar to previous years, the majority of companies implemented the promised wage increases in 2024, and in fact, more companies increased their salaries than they had originally planned. However, the...
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Applications for the development of small agricultural farms can be submitted from Wednesday
The Ministry of Agriculture is committed to strengthening the smallest agricultural producers and businesses and preserving the viability of small farms, which is why we are announcing our tender for...
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The number of poultry and pig slaughters increased in 2024 84.8 thousand cattle were slaughtered
In Hungarian slaughterhouses in 2024, 4.4 percent less than the previous year, and 4 million 782 thousand pigs were slaughtered, 6.5 percent more (+292 thousand) than in 2023. 237 million...
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Pricing carries a risk
Last September the Court of Justice of the European Union (CJEU) ruled in a case that affects Hungarian pricing practices too. This article is available for reading in Trade magazin...
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Nestlé takes full ownership of Chinese confectioner Hsu Fu Chi
Nestlé bought a 60% stake in Hsu Fu Chi, a well-known confectionery brand in China, in 2011. Nestlé has acquired the remaining 40% stake in Chinese confectionery business Hsu Fu...
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Hungarian-North Macedonian agricultural relations reach a new level
The bilateral agricultural foreign trade balance increased by a record 60 percent last year, announced István Nagy, Minister of Agriculture, at the second Hungarian-North Macedonian government summit in Budapest. The...
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KSH: The foreign trade surplus in services was 2.7 billion euros in the fourth quarter
In the fourth quarter of 2024, exports of services in euros increased by 0.4 percent, while imports decreased by 1.6 percent compared to the same period of the previous year....
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Consumer protection conducted an inspection at the Lehel Square market
Consumer protection authorities conducted an inspection at the Lehel Square market: expired food and hygiene problems were found – the authority told MTI. According to the statement, employees of the...
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M&S INTRODUCING AI TOOL TO HELP CUSTOMERS CHOOSE THE PERFECT WINE
UK retailer Marks & Spencer has introduced a new Wine Finder tool – an AI-powered solution designed to provide personalised wine recommendations based on individual preferences. Marks & Spencer has...
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TikTok Shop welcomes merchants in Germany, France, and Italy
TikTok is boosting its European ecommerce operations. From now on, merchants can register to start selling through TikTok Shop in Germany, France, and Italy. Users of the social media platform...
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Egg prices rose by 20 percent in a year
According to European Commission data, the packing house price of table eggs in the EU was 240 euros/100 kilograms in the first eight weeks of 2025, which was a 6.5...
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The pace of consumer price inflation in the euro area slowed in February
Annual inflation in the euro zone fell slightly less than analysts had expected in February, according to preliminary data released by the European Union’s statistical office, Eurostat, on Monday. The...
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Almost a quarter of young people suffer from their family’s debt
According to K&H Bank, not only adults but also children can be seriously affected if the family is struggling with financial problems. According to a British survey, nearly a quarter...
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Is it worth switching to sustainable packaging?
Main packaging trends include easy-open solutions for the elderly, single-serve packaging for those who live alone and resealable designs. This article is available for reading in Trade magazin 2025/2-3. With...
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Fidelity: 2025 is not the year of artificial intelligence yet
The latest Fidelity Analyst Survey finds that AI will have only a minimal impact on corporate profitability in 2025, and its full potential will be years away. But big tech...
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World index of food commodities: a small drop in January
The UN Food and Agriculture Organization (FAO) has reported that the world market index for food commodities was down in January, averaging 124.9 points over the month and dropping 1.6%...
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POS trends 2025: immersive, hyper-personalised and secure
According to research by AtData, sustainability and ethical operation have become a basic expectation by 2025, while various technological innovations are also gaining ground. This article is available for reading...
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GKI: Wage increase plans of domestic businesses
In its latest February survey, GKI Economic Research Ltd. asked companies with more than 5 employees about their intentions to raise wages in 2025, among other things. The questionnaire was...
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Hungarian-developed technology can help mushroom cultivation
A Hungarian-developed technology can produce mulch with excellent water retention capacity for mushroom cultivation – the University of Szeged told MTI. The university and the consortium of Új Champignons Kft....
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78 percent of domestic companies will raise their employees’ wages in the first half of this year
78 percent of employers planned to increase wages by the first half of 2025, but 31 percent only planned to increase salaries by less than 5 percent. However, two-thirds of...
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It affects at least 1.4 million people in Hungary, and we don’t even have a word for it
Hungarian society is aging and is not prepared for this process. The proportion of people over 50 already exceeds 40 percent, but most of them do not know how to...
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European farmers must be protected
European farmers, the daily bread of European citizens, must be protected – the Minister of Agriculture emphasized on Monday on the M1 current affairs channel. According to István Nagy, this...
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