Market News
interpack 2023: investments in machinery and equipment are stimulated by the growing demand for packaged food
The sustained growth of the world’s population, spreading urbanization, higher levels of employment and rising incomes are increasing the demand for packaged foods worldwide. According to the market research forecast...
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A new food has been also approved in Hungary, the pili nut
The Commission’s executive order (EU) 2023/267 on Canarium ovatum Engl. on authorizing the placing on the market of dried walnuts as a traditional food from a third country and amending...
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Asda Looks To Upgrade Online Grocery Business
Asda has announced a new partnership as it seeks to transition its online grocery business onto its own platform, from previous owner Walmart’s managed systems. The programme will see Publicis...
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Kellogg will not split off its plant-based brands
Kellogg will not split off its plant-based brands, CEO Steve Cahillane said on the company’s latest earnings call. Its decision not to sell off the segment, which includes the MorningStar Farms...
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The number of robotic work processes is increasing
The number of robotized work processes in factories is increasing all over the world, including at home, especially in production and packaging tasks. All this generates considerable enthusiasm and demand...
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DoorDash Projects Strong Demand For Food And Grocery Orders
DoorDash plans to buy back $750 million (€705.3 million) worth of stock and projected a key profit measure above analyst estimates, following strong fourth-quarter growth thanks to a surge in...
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The British are in trouble, some vegetables can only be bought in limited quantities
When shopping, the British are once again faced with empty cardboard boxes and shelves in place of fresh produce. The largest supermarkets have introduced limited purchase quantities for certain types...
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Baker McKenzie’s talent program for law students has won a prestigious award
The law firm’s New Lawyer Challenge competition for law students won the Best Talent Program award of the Joint Venture Association. The New Lawyer Challenge competition was created by Baker...
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We told you so – economic perspectives in 2023
When I had a conversation with executives last autumn, many of them were afraid that the then 3.5% unemployment will go up to 10%, and that the inflation rate will...
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Carlsberg acquires Canada’s Waterloo Brewing
Carlsberg has entered into an agreement with Canada’s Waterloo Brewing Ltd to buy all its issued and outstanding common shares for approximately CAD 144m. Carlsberg wants to strengthen its market...
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Another favorite food of Hungarians may continue to rise in price
The drought was not good for the market of olive oil and olives, which is also a popular segment in Hungary. This year, around 37 percent fewer olives are expected...
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There is no need to expect a shortage of potatoes, says the product council
This year, the domestic production area of potatoes is not expected to decrease; the winter rainfall was good for the plantations, the National Potato Association and Product Council told MTI....
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There is a shortage of onions on the European market
In particular, few onions were produced in our country last year, which is mainly due to the historic drought and the shrinking of growing areas for years. Hungary needs significant...
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Innovation is almost a tradition in logistics
In sync with international trends, the domestic logistics sector is also characterized by continuous innovation. Even the Russian-Ukrainian war conflict and outstanding inflation data have not hindered this so far....
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In the end of February, the economic sentiment of companies and households improved further
The population’s and businesses’ sense of the economic situation also improved in February, based on the Századvég Economic Researcher’s survey. The population index, interpreted on a scale between minus 100...
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The demand for tequila has increased, but the supply is becoming scarcer
While Europe’s openness to the popular Mexican drink has been gradually increasing since the pandemic, agave stocks are limited, so tequila is expensive for now. In fact, if this continues,...
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Does the road to food protection lead through food waste?!
What if food waste was used to protect food? One of the new research projects of the SAVE FOOD initiative deals with this question. With this, interpack is relaunching the...
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We spent a lot on eMAG this carnival
The 2023 carnival season ended on Ash Wednesday, during which costumes and masks were ordered online from eMAG at an average gross price of around HUF six thousand. Among the...
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Labor market survey: most employers plan to raise wages this year
The majority of employers are planning a wage increase this year, and the employees also expect this due to the significant price increases, the company that gives a wage increase...
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Hungary is committed to domestic and global food security
The coronavirus pandemic, the war in Ukraine, climate change, Brussels sanctions, high energy costs and inflation pose serious obstacles to the availability of food, especially in developing countries, stressed Oszkár...
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Heineken would flee Russia
They are looking for a solution with steam power to be able to sell their interest in Russia, Heineken told Reuters. Even if it involves a huge financial loss. This...
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NAV: an individual entrepreneur running a grocery store failed on online account information
The National Tax and Customs Administration (NAV) announced to MTI on Friday that an individual entrepreneur operating a grocery store failed to provide online account information. According to the announcement,...
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These are what the children would put in the basket if they went shopping alone
The GYERE® – Children’s Health Program of the National Association of Hungarian Dietitians (MDOSZ) becomes national. The digital version of the one-and-a-half-year program teaching the principles of good nutrition and...
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Overturned grain market: grain growers are in a difficult situation
In three months, the price of the most important cereals fell by more than 20 percent on the domestic market, so the very unusual situation arose that wheat and corn...
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Bácska-Logistik Kft. received support for the creation of a new gas station and self-service restaurant.
Bácska Logistik Kft. from Baja has won a grant of almost HUF 300 million for the construction of a new gas station suitable exclusively for refueling trucks and a self-service...
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Due to the drought, it may become necessary to restrict water use in Italy, according to the government
As a consequence of the extreme drought, it may even become necessary to “ration” the national water supply in Italy, Gilberto Pichetto Frantin, the minister responsible for environmental protection and...
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Restrictions on water use may also become necessary in Italy for the sake of food supply
As a consequence of the extreme drought, it may even become necessary to “ration” the national water supply in Italy, Gilberto Pichetto Frantin, the minister responsible for environmental protection and...
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KSH: The number of employed people in January was 4,699,000
In January 2023, the average number of employed persons aged 15-74 was 4,699,000, 46,000 more than a year ago, the Central Statistics Office (KSH) reported on Friday. November 2022-2023 in...
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Bill Gates Buys Heineken Stake, Despite Saying He’s ‘Not A Big Beer Drinker’
Bill Gates has bought 3.76% stake in Dutch drinks giant Heineken Holding NV, although the billionaire founder of Microsoft has previously said he was “not a big beer drinker.” The...
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Livestock breeders who engage in grass-based grazing can gain access to new resources
In the Common Agricultural Policy (KAP) until 2027, a number of new elements and forms of support will appear, which will provide assistance in more ways than before for extensive...
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