Market News
This is what companies are investing in in 2023: the focus is on technology and the supply chain
Faced with economic headwinds, companies are cautious about investments. At the same time, 43% of businesses plan to increase investments in the supply chain, while 39% want to increase investments...
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Raw milk’s price grew by three quarters in one year
n September 2022 raw milk’s price was up 46% in the European Union and 33% in the USA if compared with September 2021. Buyers had to pay 3% more for...
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In the Czech Republic, retail sales decreased by 3.6 percent
Last year, retail sales in the Czech Republic fell by 3.6 percent compared to the previous year, the Czech Statistical Office announced on Tuesday in Prague. In 2021, retail trade...
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Hungary as a regional middle power – What do the numbers of the last decade show?
At the end of 2022, the vision of one of the Government’s advisers on Hungary’s strategy for the next decade was published. According to this: “The biggest strategic challenge facing...
Read moreTrends in logistics: micro fulfillment centers, IoT, 5G and integrated, automated solutions
The provisions caused by the corona virus epidemic accelerated the transition to online shopping, thereby changing shopping habits. The growth of online sales has resulted in an increase in intralogistics...
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Nestlé Canada To Exit Frozen Meals And Pizza Business
Nestlé Canada has announced it will wind down and eventually exit its frozen meals and pizza business over the next six months in Canada. In a statement, Nestlé Canada said...
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Co-op partners with PayPal to offer more online payment options
Co-op has partnered with digital payment provider, PayPal to offer additional choice for shoppers when paying for groceries online. PayPal is now available as a payment opition for purchases of...
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Bird flu has appeared in another poultry farm in Hajdú-Bihar county
Protection and monitoring districts were designated by the animal health authority after the Nébih laboratory confirmed the presence of the highly pathogenic bird flu virus in a Hajdú-Bihar county farm....
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KSH: The turnover of retail stores decreased by 3.9 percent in December
According to the raw data, the volume of retail trade turnover in December last year decreased by 4.8 percent, adjusted for the calendar effect, compared to the same period of...
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Tamás Tarpataki: pork consumption has increased in Hungary
In Hungary, pork consumption has increased recently, it has now reached 30 kilograms per person per year, and is in second place after the poultry sector – said Tamás Tarpataki,...
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Retail sales decreased in the euro area and the EU in December
Retail turnover in the euro area and the European Union decreased in December, both monthly and year-on-year. The statistical office of the European Union, Eurostat, announced on Monday that in...
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György Raskó: after the price cap, the price of Trappist cheese may drop by up to HUF 1,000 per kilo
According to agricultural economist György Raskó, the price of Trappist cheese per kilo may drop by up to HUF 1,000 if the price cap is removed. In his interview with...
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K&H: At Takarékláng, innovation is at the doorstep of Hungarian companies
In the past two years, there has been hardly any change in the already restrained innovation activity of Hungarian companies. Research and development, innovation and environmentally friendly investments are mostly...
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Retail turnover in Romania increased by 4.4 percent last year
According to raw data, the volume of retail sales in Romania increased by 4.4 percent last year compared to the year 2021, the Romanian National Statistics Institute announced on Monday....
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US campuses: more plant-based food
Aramark, the largest food company in the United States, has announced a commitment to significantly increase the number of plant-based options on its higher education menus by 2025. In partnership...
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Interesting fact: there was a price cap on eggs 100 years ago, but it failed
RTL’s retro media watcher drew attention to an interesting coincidence: the government also ordered a price freeze on eggs in February 1923, but it did not last long. Indeed, on...
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MNB vice president: the number one “enemy” is inflation
In the current turbulent economic situation, inflation is the number one enemy for central banks worldwide – and especially in the region – said Mihály Patai, vice-president of the Magyar...
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BDO: Money laundering, terrorist financing: let’s avoid even the appearance of it!
A company that does not do everything to eliminate risks related to money laundering and terrorist financing risks a serious penalty of up to hundreds of millions of forints. The...
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(HU) Megérkezett Magyarország első tisztán elektromos nyergesvontatója
On February 2, 2023, Waberer’s International Nyrt. took delivery of the country’s newest environmentally friendly truck, the locally zero-emission electric Volvo FH, in a ceremonial press conference. This is another...
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Unilever halts Hellmann’s mayonnaise supplies to S.Africa as costs bite
Unilever has suspended sales of Hellmann’s mayonnaise to South Africa, the company and major retailers confirmed on Wednesday, due to the high cost of importing the product from the United...
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Mangalica, the connoisseur’s pig
In Hungary, pork consumption has increased recently, it has now reached 30 kilograms per person per year, and is in second place after the poultry sector – said Tamás Tarpataki,...
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Ed Sheeran posts viral canned wine TikTok
The Shape of You singer showed support for alternative packaging by sharing a humorous TikTok showing the lengths he was prepared to go to to protect his favourite wine. The...
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French Retailer Casino Says It Is In Alliance Talks With Teract
French retailers Casino and Teract have begun exploratory discussions that could lead to the combination of the two groups’ distribution activities in France within a single entity controlled by Casino....
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Our country orders strict controls for grains coming from Ukraine
The Hungarian government protects Hungarian producers against the inaction of Brussels, which is why our country orders strict quality and food chain safety checks for grains coming from Ukraine, said...
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Government spokesperson: there is no escape from the price cap rules
There is no escape from the price cap rules, the government still expects traders to comply with them – said the government spokesman at a press conference in Budapest on...
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There are already four types of insects that can be included in domestic food
Based on the recent decision of the European Commission, together with house crickets, there are already four types of insects that can appear commercially as food and as food ingredients...
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Sörszövetség: the turnover of Hungarian beer producers increased last year, but did not reach the pre-pandemic level
The sales of Hungarian beer industry companies increased last year compared to the previous year, but still fell short of 2019, domestic production in 2022 was close to the 2021...
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Publicus: this is what Hungarian customers really think about the food price cap
The Publicus Institute conducted a recent survey among the population, which revealed many things about the topic. The poll revealed that Hungarian motorists would no longer get into a car...
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Will the price of sugar double when the price cap is over? Analysts circle the topic
It is not yet known how food prices will change if the price cap is removed. Analysts have different opinions. “It’s not easy to predict how big the price increase...
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Basic food is also cheaper in German stores than here
According to RTL’s summary, milk in Germany costs HUF 280-350, toast bread costs HUF 581, and sour cream costs HUF 269. Cow curd is very cheap, only HUF 292. 10...
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