Market News
Márton Nagy also spoke about the extra profit tax and the price cap
If energy prices had not fallen, no matter how high the central bank interest rate is, the exchange rate of the forint will probably not stabilize, which is why it...
Read more
The new managing director of Kifli has spoken: this is what we can expect after the price cap
In his recent interview with Pénzcentrum, Gabriel Makki, the newly appointed new managing director of Kifli, spoke about the company’s biggest changes, the expansion of their own-brand product range, as...
Read more
Pork may become more expensive in the coming months
In the case of meat, we can expect a 10 percent price increase after the introduction of the price cap, primarily in the price of pork, but it is also...
Read more
Should plant-based food be placed next to meat in stores?
According to recent research, many consumers think: the preparation of dishes from plant-based foods is complicated and expensive, and the result is less tasty in comparison with meat. Experts believe...
Read more
Start-ups are developing vegan salmon fillet and crab cake
Toronto-based start-up New School Foods is working on developing vegan seafood. With three years of work, they invented cutting-edge technology, utilising target freezing to create structures similar to the muscle...
Read more
Is potato milk the new alternative in the dairy industry?
Swedish brand DUG is using potatoes to reinvent dairy products. The company claims its potato milk is the best alternative in the market, pointing it out that potato is a...
Read more
Soy protein reduces the risk of heart diseases
A recent study claims the special proteins in soybean can reduce the LDL cholesterol level, and they also diminish the risk of metabolic disorders such as arteriosclerosis and fatty liver....
Read more
If the lemons are sour…just use them to make lemonade!
Nielsen data reveal that fruit juice value sales grew by 11.2% in January-November 2022, but volume sales decreased by 6.6%. The like-for-like sales drop was even bigger in the last...
Read more
An overview of the eating habits of Hungarians
Nestlé Hungária has conducted a representative survey on what Hungarians think about healthy eating and what their meat consumption habits are like. It turned out that the majority would never...
Read more
Hungarian-owned retail chains: adjustment period after the 54% inflation
Many of us thought that we would be able to take a breather post pandemic, however, the 54% retail inflation in Hungary has proved us wrong. So, what is fuelling...
Read more
Retailers in the metaverse
Deloitte’s experts have studied what can influence the expansion of retail trade in the metaverse. At the moment there are several factors that hinder the large-scale use of the metaverse,...
Read more
Cleanness in large portions
Sales grew in the cleaning product category in 2022, but this growth was driven by the higher product prices. Also because of the price increase, there has been a small...
Read more
Visa: five payment trends to look out for in 2023
1. We will spend more on travelling: passenger turnover strengthened in 2022, and this trend is expected to continue in 2023. 2. More conscious consumers, more sustainable shopping: in another...
Read more
There will always be buyers for quality pálinka
Károly Gerendai, METRO’s wine expert: “Pálinka is a cult spirit and it isn’t simply a drink that is made in Hungary, but a Hungaricum product. This also means that there...
Read more
EY: the tax office is capable of more and more targeted tax audits
The National Tax and Customs Administration (NAV) is capable of more and more targeted inspections with its automated processes that utilize artificial intelligence and its database supplemented with international sources...
Read more
KSH: The volume of food exports decreased by 7.9 percent, while the volume of imports increased by 5.5 percent
In December, the product foreign trade deficit was 168 million euros, compared to November, the adjusted volume of exports increased by 0.6 percent, while that of imports decreased by 5.0...
Read more
Gergely Gulyás: the international recognition of Hungarian wine must be increased
The international recognition of Hungarian wine needs to be increased, and this will be helped by the upcoming Hungarian Wine Marketing Strategy – explained the minister in charge of the...
Read more
The brandy tasting campaign launched at the airport is the agricultural marketing center
The Agricultural Marketing Center has launched a one -month brandy campaign for foreigners in Hungary. Not only can he taste the Hungaricum at the Heinemann Duty Free Skycourt shop at...
Read more
NAV checks: they will have to watch if they are in the crosshairs
The National Tax and Customs Administration (NAV) has published its audit plan for 2023. This year, the tax authority is paying special attention to electronic commerce, businesses dealing with dietary...
Read more
Food prices rose at an accelerating rate in February in Italy
In Italy, consumer prices rose by 9.2 percent year-on-year in February, after a 10 percent rise in January, the Italian statistics office, Istat, announced on Thursday based on preliminary data....
Read more
Prices don’t hurt Túró Rudi brands
Chilled dairy snack makers were forced to increase prices, owing to the drastic growth in the price of milk. In the light of this, it isn’t surprising that Túró Rudi...
Read more
Affordability, health, sustainability and comfort influence shopper decisions
Everyday life during the cost of living crisis In the middle of the cost of living crisis, the biggest fears of consumers are rising food prices and energy bills. According...
Read more
Gloomy outlook for the maritime transport market
Spot rate indexes vary, but overall indicate that the US container shipping market is trending down again. Developed countries continue to struggle with the effects of galloping inflation and recession,...
Read more
International food prices have been decreasing for almost a year
The 11th month of global food prices has been on the ground after the decline in February – marginal – experts from the UN Food and Agricultural Organization (FAO). The...
Read more
The Hungarian Food Bank Association helped the needy with HUF 10 billion worth of food in 2022
In 2022, a total of 239,000 needy people benefited from the near-expiry or defective products that the Hungarian Food Bank Association collected from stores and manufacturers. In 2022, we increased...
Read more
Where is the line drawn: when do we talk about excessive shopping?
For many of us, the beginning of the year is about renewal, starting over, and getting rid of our bad habits. Yet this is in interesting contrast to the end...
Read more
The new EU proposal would be impossible for chicken and egg production
It would cause serious damage to the European Union, such as the Hungarian, chicken and eating egg producers, if the European Food Safety Authority (EFSA) had been implemented in the...
Read more
PepsiCo aims to capture new consumption occasions
Executives at PepsiCo, Inc. are eyeing opportunities to add the company’s snack brands to more meal occasions. “More and more we’re experimenting with how Lay’s can substitute potatoes in many...
Read more
The social significance of Hungarian wine is still overwhelming in the vineyard and wine sector
Last year, better quality wines were added to the Hungarian cellars, said dr. Márton Nobilis, State Secretary for Food and Commerce Policy, the Ministry of Agriculture, at the 11th Wine...
Read more
Revolut Launches 3% Cashback Service For Customers
Revolut, the global financial app, has launched a new way to shop, whereby customers earn cashback from their favourite retailers. The new service – Shops – lets users search and...
Read more
