Market News
The EU exported more apples and imported less last month
According to data from the same period last year, the European Union exported 11% more apples and imported 42% fewer apples. Analyzing the relevant data, we see a clear increase...
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Lavazza Agrees To Buy France’s Maxicoffee
Italian coffee maker Lavazza has made a binding offer to acquire French coffee seller MaxiCoffee to strengthen its position in France and in e-commerce. “Our strategy is to support the...
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Over a third of Brits open to having a vegan Christmas dinner
Over a third of Brits are open to having a vegetarian or vegan Christmas dinner this year, a new survey has revealed. According to research conducted by international online supermarket British...
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Development is also the key to success in agriculture
In order to increase the efficiency of the agriculture and food industry and remain competitive, the further, wide-ranging modernization of the sector is essential. The actors of the agrárium understood:...
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New regulations and stricter rules than ever await distributors of capsule coffees
It does matter a lot how much and what kind of packaging is used for products distributed in the EU. By the end of 2025, the member states will have...
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Fewer and fewer retail chains publish discount newspapers
Half of the consumers demand discount newspapers, the other half are left cold by printed catalogs. Retail chains are therefore either discontinuing or starting to publish fewer copies of their...
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Kifli prices have risen by 133 percent in the past year
Vakmajom blog follows the development of the price of kifli in a bakery in Budapest on a regularly updated graph, and they reported quite shocking numbers recently. “290 didn’t last...
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Consumers can spend less for Christmas this year
The effect of inflation can be felt, that is, it is clear: the monthly income is no longer enough for Christmas – it is clear from the report of ATV...
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KSH: Developments in the food industry significantly exceeded the previous year
In the third quarter, the volume of investments increased by 7.7 percent compared to the same period of the previous year, and rose by 1.9 percent seasonally adjusted compared to...
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These are the most valuable companies of the millenia
Electronics, FMCG and automotive companies are all on the list. Interbrands uses three key indicators to determine brand value: the financial performance of branded products or services, the role of...
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NAV: you can bid on alcohol with an estimated value of more than HUF 350 million
Alcohol with an estimated value of more than HUF 350 million can be bid for from November 28 for 4 days, until December 1, the National Tax and Customs Administration...
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Doesn’t red meat pose a health risk after all?!
For years, some studies have linked red meat consumption to health problems such as heart disease, stroke, and cancer. Almost all research is observational and cannot conclusively establish cause and...
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A pack of cigarettes can be three thousand forints
According to the proposal of the European Commission, the minimum excise tax per box would be raised from 1.80 euros to 3.60 euros per box, in Hungary the excise tax...
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Hungaropack Hungarian Packaging Competition 2022 winners
In 2022 the Hungarian Association of Packaging and Materials Handling (CSAOSZ) organised the Hungaropack Hungarian Packaging Competition for the 39th time. There were 61 competition entries from 31 firms – 42...
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Recession, growing inflation, rapidly worsening external balance
In the latest GKI report, which was published in September, the company raised its growth forecast from 3.7% to 4.5% for 2022. For 2023 the company envisages not plus 2.7%,...
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Nébih found contamination in the products of a dairy plant
The laboratory of the National Food Chain Safety Office (Nébih) detected aflatoxin contamination in the products of a dairy plant in Győr-Moson-Sopron County in quantities slightly above the limit value,...
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The domestic toy market turnover is around HUF 100 billion
The domestic toy market is quite large, around HUF 100 billion, and it can also be said to be a crisis-resistant sector. At the same time, there are also changes...
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EY: It has become clear what the tax authorities are afraid of
Domestic companies expect stricter tax inspections in 2023, transfer pricing is considered the riskiest area, according to a survey of more than 250 participants of the EY Tax Conference. However,...
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Nespresso unveils home-compostable coffee capsules in partnership with Huhtamaki
Nestlé’s Nespresso brand will pilot home-compostable coffee capsules on the Nespresso Original system in France and Switzerland from spring 2023 before further launches in several other European countries within a...
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Tax payment in foreign currency: a decision must be made within a few days
As of September 30, 2022, companies will have the first opportunity to pay their corporate tax obligations in euros or US dollars from the next tax year. The intention to...
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More people brewing beer at home as the cost of a pint rises
Online searches for “home brew” and “home brew shop” have risen by 77% over the year, new research has revealed, with pubs at risk of closure amid rising costs and...
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Lidl Unveils First Electric Car Charging Station In France
Lidl has unveiled its first ‘E-Station’ car charging terminal in France, at its store in Villefranche-sur-Saône end of November. The discounter teamed up with ABB E-mobility and Groupe DBT to...
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When will the EU apple market breathe?
The apple market does not run smoothly. The EU apple harvest is higher than expected, but consumers are buying fewer apples and are generally more price conscious. However, according to...
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The GKI economic index has been falling for more than half a year now
The business confidence index decreased somewhat further in November after the big drop in October. On the other hand, consumer sentiment improved slightly, although it remained more gloomy than the...
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Black Friday set a record all over the world
Crisis here or there, according to Shopify data, $1.3 million was spent online every minute worldwide on Black Friday. By 6 p.m. ET (midnight Hungarian time), shoppers had spent $7.28...
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You do not have to pay advertising tax next year either
In view of the current economic situation, the Hungarian Advertising Association, on behalf of the advertising and media industry, held negotiations with the government in the summer and early autumn,...
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Vince Gala has once again been at the forefront of wine events
Presentation of the best domestic wines, Michelin star master class, Dixieland band, El Greco and Vince awards. This year’s Vince Gala at the Museum of Fine Arts exceeded all expectations....
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Sugarfree szaloncukor is catching up
Szaloncukor is a traditional product of the Advent season. According to the overview of the National Chamber of Agrarian Economy, a Hungarian household buys an average of 1 kilo of...
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The total number of employees in October was 4,714,000
Employment remains at a peak, 35,000 new jobs were created in the domestic primary labor market in one year, the number of public employees decreased by 14,000, and the number...
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The development of the dangerous goods transport segment by rail may be one of the keys to achieving the 2030 climate goals
Entrepreneurial railway companies have found themselves in a difficult situation due to the drastic increase in traction electricity prices. With the additional costs of HUF 24 billion planned for this...
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