Market News
Accelerated development also forces agriculture to adapt
According to István Nagy, producers can’t help but follow the transformations continuously, since even a short drop would put them at an irreparable disadvantage. That is why he welcomed the...
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Due to the crisis in the food industry, the clothing industry also seems to be collapsing
Food inflation of 40 percent and utility bills are burning people’s money, which is also affecting the clothing industry. Clothes and shoes are piled up in warehouses in Bangladesh, after...
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Switzerland To Stop Selling Discounted Meat Multipacks
gyjanak fel az akciós hús multipackok árusításával. The Federal Council of Switzerland has formally called on supermarkets to stop selling discounted meat multipacks with the aim of cutting food waste....
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This amount of money will be used to finance the farmers in the following years
We are spending more than HUF 5,300 billion to support agriculture, the operation of Hungarian farmers is guaranteed and safely financed until 2027 – explained the Minister of Agriculture in...
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The authorities support young entrepreneurs – the goal is to spread a fair entrepreneurial culture
“It pays to do business fairly. The loser is not the one who follows the rules” – this is what the heads of the Economic Competition Office (GVH) and the...
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Coca-Cola HBC Invests €30m In Recycled Plastic Bottle Plant In Italy
Bottler Coca-Cola HBC has invested over €30 million in the Gaglianico plant in Italy for the production of recycled PET (rPET) bottles. The factory, which had been out of use...
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Positive change: the price of poultry meat may drop soon
Due to the decrease in the solvent demand of consumers, a slow, unpredictable rate of price reduction is expected on the poultry meat market, prices will not be higher than...
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Thousands of products cost the same in SPAR, Auchan and Tesco as they did a year ago
Most of the time, we are only talking about brutal inflation, even though there are quite a few products whose prices have not changed in the last 12 months. In...
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Canning and Christmas
A survey by Eviosys, which deals with metal packaging materials, revealed surprising connections between metal boxes and Christmas. More than three quarters (79%) of the surveyed consumers buy canned food...
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The winners of the “Az Év Szalonukra 2022” award have been selected
This year, the Szaloncukor of the Year competition was organized again as a civic initiative. All small and large domestic manufacturers were invited to the competition. The manufacturers were free...
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In Hungary, the consumption of butter and butter cream is 1.5 kg/person per year
In our country, the consumption of butter and butter cream is 1.5 kg/person per year, which is a third of the EU countries’ consumption of 4.31 kg. The producers produce...
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Not only Jews eat kosher food – but are they healthier?
According to American research, forty percent of non-Jewish customers choose kosher products if they have the opportunity. Kosher products are becoming more and more popular, primarily among customers who live...
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SZTE participates in research examining responses to climate change and the energy crisis
The University of Szeged (SZTE) is the only institution in Central and Eastern Europe to participate in international research examining responses to climate change and the energy crisis – the...
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Online learning material for reducing food waste
While food prices show a continuous increase, an average person in Hungary still produces nearly 65 kg of food waste at home every year. Among other things, this is what...
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Game meat is a developing category
Two years ago, after the COVID pandemic had broken out and the HoReCa sector had collapsed, our magazine wrote: it is essential for game meat producers to diversify instead of...
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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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