Market News

Gfk: The average purchasing power per capita in Europe in 2022 is 16,344 euros

However, there are significant differences between the 42 countries: people in Liechtenstein, Switzerland and Luxembourg have significantly higher purchasing power than in the rest of Europe, while Kosovo, Moldova and...

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Pálinka may also face a drastic price increase

The drought and recession are also affecting the pálinka distilleries, but according to those involved, the price of one of the Hungarians’ favorite drinks will only increase by half the...

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From November, an egg can cost HUF 150

Drought, war, weakening of the forint – inflation does not miss the egg. Recently, the price of eggs has risen by HUF 20 per week, so by November, the average...

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Ibolya Görög: “Those who can behave have a positive attitude towards life”

Trade magazin’s Business Podcast, Future Talks with Szilvia Krizsó continues Protocol expert Ibolya Görög was Szilvia Krizsó’s guest in the latest episode of the Future Talks podcast. This article features...

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(HU) Okos vizespalack jelez a sportolóknak, mikor időszerű inniuk

American sports beverage brand Gatorade, part of PepsiCo, has launched a new bottle that tracks personalised hydration needs and indicates to athletes when to drink, via a cap that lights...

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Germany’s Aldi Nord To Shorten Opening Hours To Cut Energy Bill

German discount grocery store chain Aldi Nord will shorten opening hours at numerous branches from November in a bid to save energy costs, the company said. Aldi Nord is the first food...

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Deliveroo confirms Dutch exit next month

Deliveroo has confirmed it’s exiting the Netherlands following an announcement this summer that it was consulting on pulling out of the market. In a statement on October 19, the on-demand...

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Private forest managers also take a significant part in supplying the population with firewood

Agriculture Minister István Nagy had an out-of-the-ordinary consultation with representatives of private forest managers on the issues of the country’s firewood supply. At the meeting, it was said that private...

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n the countryside, Hungarians consume more dairy products and, if possible, mainly domestic dairy products

Cheese, milk and sour cream – three foods without which the fridge of an average Hungarian household cannot be imagined, according to the brand research of Alföldi Tej Kft., which...

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Association of Dietitians: everyone has the right to proper nutrition

According to the European Association of Dietitians, everyone has the right to adequate nutrition and not to be hungry. Everyone has the right to adequate nutrition and not to go...

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A consortium develops environmentally friendly fishing equipment

The consortium formed by the Hungarian University of Agriculture and Life Sciences, Energofish and Czikkhalas Kft. is working on a project of more than HUF 700 million on the development...

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Allianz: sustainable claims settlement can significantly reduce carbon dioxide emissions

Carbon dioxide emissions can be significantly reduced with the sustainable claims settlement of motor vehicles, which, among other things, prioritizes repairs instead of purchasing new parts – Allianz Biztosító announced...

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Forecast for 2022-23: Recession, accelerating inflation, worsening external balance

GKI’s current forecast was made in a context of even greater uncertainty than usual, and understanding trends was complicated by the sharp change in economic developments in the middle of...

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A category where even the bitter is sweet

András Tripolszky, marketing director of Roust Hungary: “Flavoured spirit sales were up 11.9% in 2021. Sales of anise-flavoured spirits grew above the average, by more than 30%. A large part...

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Supporting packaging-free is also important from the point of view of sustainability

The Ministry of Agriculture is committed to supporting innovations and innovative solutions that can move the Hungarian food industry forward – declared Márton Nobilis, the Secretary of State responsible for...

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Number Of SPAR Express Stores At Polish AVIA Forecourts On The Rise

Poland’s AVIA forecourt network has announced that 25 of its locations now boast SPAR Express retail stores, with the number of outlets ‘constantly growing’. AVIA, which is managed in Poland...

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Pernod Ricard to enhance its presence in US and Mexico

Pernod Ricard raised its profile in the US and Mexico with two big investment moves that will amplify its presence in the west. The moves reportedly included the French drinks...

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Colruyt launches ‘welfare chickens’ in new supply chain

Colruyt is joining forces with 17 Belgian breeders by launching an exclusive collaborative chain for meat chickens. The chickens are to become genuine “welfare chickens”. Colruyt is entering into a...

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The beekeepers in Tiszántúl produced half as much honey because of the drought

Due to the summer drought, beekeepers were able to produce half of the usual amount of honey, mainly east of the Danube, the founding president of the Békés County Beekeepers’...

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Small agricultural enterprises can once again apply for support

The applications are expected from November 17 until the end of the month – announced the Minister of Agriculture at his Monday press conference in Budapest. István Nagy announced that...

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World Earth Day – How to get your child to collect aluminum selectively?

Recycling aluminum cans is just one small, but very important step towards environmental awareness and saving resources. If we act wisely as parents, it will become completely natural for the...

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This is the first retail chain to accept cryptocurrency payments

In a move that brings the future of payment processes to their everyday transactions, LuLu Hypermarkets across Bahrain have become the first retail outlet in the Kingdom to accept cryptocurrency...

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Cell-based cocoa to save the chocolate industry?

Finnish food industry giant Fazer has begun researching cell-based chocolate, in order to be able to cultivate confectionery ingredients without the need for traditional farming inputs in the future. Cellular...

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Szijjártó: the government is launching a factory rescue program

The government is launching a factory rescue program, within the framework of which, in the first round, a total of HUF 150 billion in support will be provided for investments...

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PTE and Danubiana Kft. start developing grape-based gin products

Danubiana Kft., which is based in Bonyhád and deals with wine production and export, is starting to develop new gin products made from grapes without loss of aroma, together with...

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Rented IT speeds up the reaction time of companies

The crisis directed companies’ attention to rented IT services (SaaS) again. The IT resources and tools used in this way can not only be scaled immediately and flexibly to current...

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Auchan Retail Portugal Rolls Out New Customer Loyalty Programme

Auchan Retail Portugal has rolled out Clube Auchan, a new loyalty programme designed to strengthen the relationship between the brand and its customers, the retailer said. According to the group,...

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Savencia grows further vegan in Germany

With our innovation HOPE, we offer incredibly delicious plant-based food for sale,” Maren Huth, Marketing Director at Savencia emphasizes. “That’s because 88 percent of users consume regular cheese, too.” “HOPE”...

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Szijjártó: self-sufficiency in the food industry requires continuous capacity-building investments

Self-sufficiency in the food industry requires continuous capacity expansions, and this is also important because as many investments as possible must be made in order for Hungary to be a...

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In the market, a real relationship develops between trader and buyer

It is important that by purchasing domestic products, we help preserve domestic jobs, self-sufficiency and overcome economic difficulties as soon as possible – declared Márton Nobilis, the Secretary of State...

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