Market News

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...

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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...

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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,...

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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%...

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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...

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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...

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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,...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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,...

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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...

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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...

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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...

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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,...

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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...

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We have never paid so much with the K&H SZÉP card

2022 was a decisive year in the history of the SZÉP card. In addition to the interoperability between sub-accounts, the introduction of the option to purchase food greatly increased the...

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More and more K-Group customers choose private labels in Finland

More than half of K-Group customers (62%) in Finland say they plan to buy more of the store’s private label products amid rising costs – revealed the retailer’s K-Barometer survey....

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ApexGrupo buys popcorn brand Pop-Up

Snack maker ApexGrupo has acquired popcorn brand Pop Up from Grupo Bimbo for an undisclosed sum. Plus the company has also signed a long-term agreement for the exclusive distribution rights...

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Discounter chain Netto Marken rolls out Naturkind organic wheat flour

Germany’s Netto Marken-Discount has rolled out organic wheat flour under its Naturkind brand, as part of its efforts to support the “Agriculture for Biodiversity” (LfA) programme. The product, which features the LfA...

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Just Eat and Getir team up for rapid grocery delivery service

Just Eat has partnered with rapid grocery delivery service Getir, with the objective of bringing more offerings to the European market. As part of this, Getir’s product portfolio is integrated into...

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Nutritious vegetable recipes for weight loss after the holidays

Now that Christmas is over and we’ve eaten the last bagel, it’s worth opening a new page and trying healthier recipes. We Hungarians famously consume little vegetables, even though according...

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Aldi: Spanish families plan fresh produce buying the most

A report by Aldi Spain has found that Spanish families plan fresh produce buying the most before they go grocery shopping. The report says 9 out of 10 Spanish consumers...

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The proportion of unpaid invoices in the Hungarian economy has doubled

Last year, 5 percent of business-to-business (B2B) invoices remained unpaid in Hungary. In 2021, this was barely more than 2 percent. Among other things, this is stated in Atradius’s analysis...

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Syngenta has developed an intelligent plant protection application

Syngenta’s latest digital development, Cropwise Protector, has also arrived in Hungary. The agronomic decision-supporting platform prepares analyzes and recommendations that can be used immediately, and also has disease forecasting, boundary...

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Cast your watchful eyes on Paris

If it is autumn, it is SIAL and Paris. When I think of Paris, several food regulations come to my mind from the last few years, as French legislators submitted...

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