Market News

A reduction in the VAT on food was suggested as a solution

According to Lajos Korózs, the vice president of the MSZP, the general sales tax (VAT) on basic foodstuffs should be reduced to zero percent. Meanwhile, Jobbik also proposed the reduction...

Read more

Giant Food joins forces with Loop for reusable packaging

Ahold Delhaize subsidiary Giant Food is offering more than 20 products from 20 leading consumer brands in reusable containers instead of single-use packaging, in partnership with Loop, the circular reuse platform...

Read more

In Germany Wolt plans to serve retail too

Courier service Wolt is getting ready to team up with retailers in Germany. With the help of the Wolt-Drive programme, every retailer can offer the delivery service of Wolt to...

Read more

SZÉP card traffic increased significantly last year

SZÉP card traffic increased significantly last year, cardholders spent the most out of pocket on hospitality – the card issuers informed MTI. Last year, the turnover of the K&H SZÉP...

Read more

Mars Petcare, Broad Institute Launch New Genome Project For Pets

A new initiative is being planned that could eventually lead to the creation of one of the largest open access cat and dog genome databases in the world.   Mars...

Read more

Amazon to shutter three UK warehouses

Amazon is to shutter three UK warehouses and replace them with two new distribution centres. Sites in Hemel Hempstead, Doncaster and Gourock are slated for closure, and staff there will...

Read more

7-Eleven Enters Israel, Opens First Store In Tel Aviv

Convenience chain 7-Eleven has opened its first store in Tel Aviv at the Dizengoff Centre Mall, marking its entry to Israel. Located in the country’s second-largest city and largest metropolitan...

Read more

Bird flu has appeared in another area of Békés county

The laboratory of the National Food Chain Safety Office (Nébih) confirmed the presence of the highly pathogenic avian influenza virus in a farm in Békés county that keeps about 2,000...

Read more

The year starts with another brutal increase in food prices

The significant rise in food prices continues, according to Privátbankár’s Árkosár survey, an average family bulk purchase is already around HUF 36,000, i.e. an average family bulk purchase costs 41.3...

Read more

Pork could soon be a luxury

Unfortunately, the year 2022 significantly weakened the pig sector, and they had to face several factors of price increases. Although he did not want to make predictions, he revealed this...

Read more

The government has revealed when they would decide about food price caps

While László Parragh, the president of the Hungarian Chamber of Commerce and Industry (MKIK), has already discussed the end of price caps in the past few days, the Ministry of...

Read more

Beyond Meat’s plant-based steak available in more than 5,000 US stores

Beyond Meat officially launched its plant-based beef tips: Beyond Steak is available in more than 5,000 Kroger and Walmart stores nationwide, as well as some Albertsons and Ahold divisions. The...

Read more

Hungarians crossing into Romania buy flour imported from Hungary

Many Hungarians work in Romania, and there are more and more people who cross over to Romania from the border towns to refuel or shop – in the latter case,...

Read more

Per capita food waste was 127kg in the EU in 2020

According to the latest data from Eurostat, food waste was 127kg per person in the EU in the first year of the COVID-19 pandemic. Households in the EU generated 55%...

Read more

No clothes left dry…

According to Yvette Krubl, Procter&Gamble’s corporate communications manager in Central and Eastern Europe, laundry detergent volume sales stayed put in the July 2021-June 2022 period, while in value sales there...

Read more

The number of guest nights increased by 7.8%

The number of guest nights increased by 7.8%, despite a rising base due to the revival of tourist traffic following the gradual lifting of restrictions against the epidemic two years...

Read more

Nearly a third of domestic companies plan to reduce staff in the first quarter

In the first quarter of 2023, 32 percent of domestic employers plan to reduce their workforce, while only 22 percent predict expansion. According to ManpowerGroup’s Labor Market Forecast, published today,...

Read more

According to KPMG, customers are increasingly aware of environmental and social responsibility

The pandemic has forced companies to examine their social responsibility and role – the environmental effects are also driving customers towards more conscious decisions. Systemic changes in consumer behavior were...

Read more

Czech customers also put less food in the basket

Last November, retail sales in the Czech Republic decreased by 8.7 percent year-on-year. In October, this indicator was 9.9 percent, the Czech Statistical Office announced. The decline in retail sales...

Read more

Permanent, non-FMCG winner at Display of the Year in 2022

This year’s last POPAI Hungary Association meeting was held in MOM Paulaner restaurant on 1 December. The Bonafarm trade marketing team was the host, who introduced the latest PICK and...

Read more

The year 2023 of the construction industry will be about renovation at the company level

This year, almost every family is forced to rethink their household’s energy consumption. According to Wavin, due to rising prices and the uncertain economic situation, 2023 may be about energy...

Read more

UK set to become world-leading lab-grown meat producer

The UK is set to become a world-leading developer of lab-grown meat as the sector is predicted to rapidly increase its market share within the food industry, research shows. Developing...

Read more

Institute of Agricultural Economics: the export of agricultural products increased to 9.844 billion euros in the first three quarters

The value of exports of agricultural and food industry products increased to 9.844 billion euros and imports to 6.878 billion euros in the first three quarters of 2022, from exports...

Read more

FrieslandCampina Ingredients expands beyond traditional dairy with microbial fermentation collaboration

FrieslandCampina Ingredients is harnessing Triplebar Bio’s specialized biotechnology capabilities to develop and scale up the production of cell-based proteins via precision fermentation. The alliance aims to develop innovative alternative protein...

Read more

Discounters reap the rewards of 2022 inflation

Three major grocery discounters — Aldi, Lidl and Grocery Outlet — have continuously held their own as many traditional grocers struggled against pandemic pressures, supply chain disruptions and, most recently,...

Read more

Stricter regulations regarding the sale of price-fixed foods will come into effect from Thursday

In accordance with the government decree published at the end of the year, shops must in some cases keep in stock up to twice the amount of officially priced products...

Read more

This is what macroeconomic analysts think about the future of food price caps

While László Parragh spoke about the effects of the introduction of price stops, several analysts planted interesting seeds of thought on the topic. “The price caps must be removed as...

Read more

György Raskó: The quality of potatoes with the price cap is the same as what we usually give to pigs

According to agricultural entrepreneur and economist György Raskó, the government did not count on the fact that the price caps will indirectly help the large food chains, but they will...

Read more

Gyopáros Alpár: from Thursday, small shops in the village can apply to support their operating costs

Village small shops can apply for support for their operating costs from Thursday, the government commissioner responsible for the development of modern settlements told MTI on Wednesday. In his statement,...

Read more

Educational and trade courses are becoming more and more popular

Based on a survey of 4,200 people by CourseGuru, those applying for courses today most often choose educational, educational, and commercial courses. The reason for this can be found, on...

Read more
Oldal