Market News
Most food companies have weak or no water management programs, report says
The impact of drought on food production has been especially prevalent this year on agriculture in the western U.S. It has contributed to a poor growing season for crops such...
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The garlic crop grew last year
Last year, 5,611 tons of garlic were harvested from 829 hectares in Hungary, 8 percent more than the previous year – according to the summary of the Institute of Agricultural...
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GVH warns in advance: compliance with the rules of the game is also important off the field!
In connection with the accommodation problems experienced at the 2022 FIFA World Cup in Qatar, the Economic Competition Authority (GVH) draws the attention of accommodation service companies and individuals to...
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Italy’s Eurospin Launches Premium Private Label Line
Italian discounter Eurospin has launched ‘Amo Essere Eccelente’, a new premium private label line dedicated to high quality Italian products. Many of the products in the range are PDO, PGI...
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Quality Street to be wrapped in different colours due to foil shortage
A limited run of Nestlé’s Quality Street products are set to be wrapped in different colours due to a shortage of foil. The temporary change is set to affect the hazelnut...
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Successful refund programme from Erste Bank
Erste has a digial platform called George, where one quarter of regular users have tried the Moneyback function, the bank’s refund programe. After just two months, already 20,000 customers got...
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Store chains are expecting more thoughtful customers and a more restrained holiday season
Buyers are noticeably more thoughtful, they are looking for sales and cheaper products, so the department store chains expect a more restrained end-of-year holiday season than before, according to the...
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Tesco follows Asda and Lidl in rationing eggs
Tesco has become the latest supermarket to ration the number of eggs customers can buy following supply issues. The grocer is now limiting customers to buying only three boxes of...
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Oracle Retail: Many people are planning to spend Christmas on credit this year
Nearly 55% of shoppers said they would spend less overall due to current economic factors, and 68% said they would consider in-store credit to cover the cost of gifts. 42%...
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Cheese is almost cheaper at farmers than at supermarket chains
The average price per kilo of Trappist cheese rose by no less than 99 (!) percent between October this year and October last year. This means that while a kilo...
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There will be no shortage of fish, but the price of carp is very high
There will be no shortage of Hungarian fish during the Christmas season, but carp will be much more expensive this year than a year ago. The domestic lake farms do...
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Is there a shortage of chocolate?
While there is only a threat of a shortage of cocoa, another raw material of the confectionery industry, sugar, has already stepped up. Europe already struggled with a sugar shortage...
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Visa: Every fifth Hungarian plans to pay with a mobile phone during Black Friday
Mobile devices are increasingly becoming a self-evident part of everyday life, according to Visa’s latest research, 62% of Hungarian respondents prefer to use their smartphones to shop and pay online,...
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Danone launches energy and decarbonisation programme
The ‘Re-Fuel Danone’ scheme looks to make its operations more agile, energy and cost efficient, as well as resilient and more sustainable. As well as delivering the programme via digital...
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Amazon started layoffs
Amazon began laying off corporate employees last week, becoming the latest of the tech giants (Twitter, Salesforce, Meta) to slash its workforce by thousands. The cuts are expected to affect...
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The end of November is an important deadline for companies
The MNKSZ recommends to all businesses that they carefully examine the electricity and natural gas energy contracts in the next few days! In a statement, the MEKH draws the users’...
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Here is GVH’s educational video for traders on correct price display
The Economic Competition Authority (GVH) supports traders with an educational video in the legal practice of displaying prices and holding promotions so that Hungarians can more easily consider the promised...
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An important deadline is approaching for taxpayers wishing to pay corporate tax in foreign currency
As it was announced at the end of summer / beginning of autumn on August 9, or published in the Magyar Közlönyök on September 26, taxpayers had the opportunity to...
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Consumer confidence is at an all-time low across Europe, with Hungarian households among the most severely affected
Consumer confidence has hit rock bottom across Europe, and in most countries people are preparing for a crisis that will last for years, according to the Intrum European Consumer Payments...
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The Food Bank collected more than 240 tons of donations
Customers collected a total of 241 tons of durable food in the 17th Christmas fund-raising campaign of the Magyar Élelmiszerbank Egyesület from Friday to Sunday in 334 stores in 160...
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Pear makes an excellent compote, but also tasty when raw – here is the new campaign
In our country, pears are grown on nearly 2,000 hectares, including many landscape varieties. Pears are particularly healthy and can be used in many ways – the European Fresh Team,...
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BNI has collected crisis management tips for businesses
As a result of the domestic and global economic events of recent months, the prospects of the domestic SME sector are increasingly deteriorating. This is shown, among other things, by...
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Cultivated meat consumption is increasing in Western Europe
A recent survey has revealed that consumers are shifting to meat alternatives, often choosing plant-based products instead. In the survey 4,096 people were interviewed across Germany, France, Italy and Spain about their...
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There will be no shortage of Hungarian pork during the holiday season either
There will be no shortage of high-quality Hungarian pork during the festive season, and pig farmers can count on the support of the government even in the most difficult times...
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Consumer spending focuses on experiences and basic needs
Mastercard Economics Institute’s “Shifting Wallets” survey analysed how much consumers stick with their habits which give them comfort, experiences or both. The study sets out to answer three key questions...
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Only one thing, change is constant in the packaging industry
Béla Cservenka, local sales manager of DS Smith Packaging Hungary told our magazine that sustainability and the circular economy are in the centre of their operations. This is the reason...
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The Chamber of Agriculture draws attention to the consumption of domestic fish
The fishing industry is already preparing for the Christmas season, and this year you will also be able to get fresh fish of excellent quality and a large selection –...
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PepsiCo brings Doritos into dip category
PepsiCo’s Frito-Lay unit is rolling out dips under its Doritos brand, the company said. The dips will be available at retailers and on PepsiCo’s Snacks.com website for $4.49 starting later...
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Cinnabon launches delivery service across the UK
Cinnabon has launched its first delivery service across the UK, allowing customers to receive sweet baked treats within 48 hours of the order being placed. Following demand from ‘Cinnafans’, the...
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Carrefour Polska Expands Private-Label Christmas Offering
Carrefour Polska has announced that it is expanding its private-label Christmas food assortment to enable customers to shop within budget and not give up on their favourite festive treats. The...
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