Market News
For the second time, a well-known magazine awarded the innovation activity of the financial institution
For the second year in a row, in 2024, the K&H Group won the “Best Digital Bank in Hungary” award from the renowned British financial magazine Global Banking and Finance...
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The Council of the EU has adopted the review of the EU’s common agricultural policy
The Council of the European Union has definitively accepted the review of the Common Agricultural Policy (CAP), which aims to reduce the administrative burden on EU farmers and ensure greater...
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Amazon To Invest €1.2bn in France, Create 3,000 Jobs
Amazon plans to invest more than €1.2 billion in its French operations and create more than 3,000 permanent jobs in the country. The French presidency had said on Sunday that...
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More recipe changes needed to cut sugar, fat and salt in processed food and drink, German government says
Products such as sweetened dairy and pastries have seen little change to their fat and sugar content since 2019, researchers found. Levels of fats, sugars and salt are still too...
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Israel has agreed on an emergency wheat supply with Romania
In order to strengthen Israel’s food security, Agriculture and Rural Development Minister Avi Dichter concluded an emergency wheat supply agreement in Bucharest with his Romanian counterpart, Florin Barbu, the Agerpres...
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Estee Lauder develops generative AI with Microsoft
A leading global cosmetics conglomerate is getting into the development of advanced artificial intelligence (AI) solutions. The Estée Lauder Companies and Microsoft Corp. are creating an AI Innovation Lab as...
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The EU has extended by one year the rules on the import of Ukrainian and Moldovan products into the EU without customs duties and quantitative restrictions
The Council of the European Union has extended for another year the validity of the temporary trade regulation, according to which Ukraine and Moldova can import their products, including agricultural...
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Conad Adriatico’s expansion in Albania
Italy’s Conad Adriatico continues its expansion in Albania, opening a new supermarket in the capital city of Tirana. With this move the cooperative’s store number reaches 44 in Albania and...
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KSH: Consumer prices increased by 3.7 percent on average in April compared to the same month of the previous year
In April of this year, consumer prices were on average 3.7 percent higher than a year earlier, the Central Statistical Office (KSH) reported on Friday. Compared to March, prices rose...
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MNB: fuel and food accelerated inflation in April
The annual consumer price index rose by 0.1 percentage point in April compared to the previous month. Fuels contributed 0.3 percentage points and foodstuffs 0.2 percentage points to the increase...
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Márton Nagy: inflation remained at a low level
Based on the latest data from the Central Statistical Office (KSH), in April 2024, in line with the trends of previous months, the rate of inflation remained at a low...
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Beáta Olga Felkai: the population has turned to cheaper food, but this will change
Beáta Olga Felkai, the Deputy Secretary of State at the Ministry of Agriculture, highlighted the substantial changes in consumer habits due to high inflation. In 2022 and 2023, many Hungarians...
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Inflation stood at 3.7% in April
Slightly below our expectations, the annual rate of inflation rose to 3.7% in April. The monthly price change was +0.7%, also slightly below our expectation of 0.8-0.9%. Core inflation moderated,...
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Today, the food industry is not “only” a strategic issue, but also a national security issue
Banks play an important role in boosting the Hungarian economy, the rate of which depends on the development of consumption and how long the war in Ukraine will last, said...
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Excellent Strawberry Harvest Expected in Hungary This Year
Béla Mártonffy, the President of the National Chamber of Agricultural Economics’ Horticulture and Supply Industry Section, announced on InfoRadio that Hungary anticipates an excellent strawberry harvest this year. Thanks to...
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PwC Climate risks report: Key raw materials are at risk
More than 70% of the critical minerals essential for the transition to net-zero energy are threatened by climate change, according to PwC’s climate risk report examining nine important raw materials....
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OKSZ elected officials and renewed its operations
The National Trade Association held a general meeting yesterday. At the general meeting, the new members of the Supervisory Board were elected and the representative of PENNY-MARKET Kft. was approved...
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SPAR South Africa is targeting both affluent and lower-income shoppers
South African grocery retailers are modifying their strategies to appeal to both affluent and low-income shoppers. While competitors, including the country’s leading grocery retailer Shoprite and Pick’n’Pay have brands that...
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Anikó Raisz: There is a huge debate between countries regarding the reduction of food waste and waste
The issues of competitiveness, agriculture and demography will be of particular importance during Hungary’s consecutive EU presidency, said the State Secretary of the Ministry of Energy responsible for the environment...
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One in four consumers buys second-hand goods to protect the environment
Owing to increasing living costs and consumer commitment to a more sustainable lifestyle, today it is no longer a shame to buy second-hand goods or have broken products repaired, according...
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Five global digital consumer trends
Euromonitor International’s annual report gives an insight into the trends shaping the changing values of digital consumers and how their behaviour is affecting their purchasing motivations and needs. This article...
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European companies do not take advantage of the business opportunities inherent in sustainable operations
The majority of companies are not yet aware of how sustainable operations contribute to business success, according to EY’s recent research with the participation of 200 company managers from 15...
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The number of guests of commercial accommodation increased by ten percent in the first quarter in the Czech Republic
In the first quarter, 4.1 million guests stayed at commercial accommodation in the Czech Republic, which is an increase of 9.9 percent year-on-year. The number of domestic and foreign tourists...
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A new trend is taking hold among businesses
The majority of domestic enterprises are open to cooperation and collaboration and see other companies not only as competitors – this is clear from the K&H survey. The surveyed SMEs...
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Entrepreneurs’ Gala 2024: the food industry is among the priority sectors of the new industrial strategy
Knowledge-intensive sectors will play a major role in the economic policy of the coming years, the Deputy State Secretary responsible for the coordination of strategic affairs of the Prime Minister’s...
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GKI is more pessimistic than the government about growth, inflation and public finances
GKI hasn’t changed its 2-2.5% growth forecast for 2024. However, it has lowered its inflation forecast to 5.5%. This article is available for reading in Trade magazin 2024/5 The expected...
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Hungrail: the appearance of giga trucks would cause social and environmental damage
The appearance of giga trucks larger and heavier than traditional trucks on European roads would, in addition to reducing the competitiveness of the rail freight sector, have negative social and...
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Conscious salt consumption is the key to health
Salt, scientifically known as sodium chloride, plays a crucial role in our diet. It provides essential electrolytes like sodium and chloride, necessary for the proper functioning of nerves and muscles....
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Both domestic agriculture and the countryside are strengthened in partnership
The government is a partner of farmers and rural enterprises, and works in alliance with the Hungarian countryside – said Zsolt Feldman, the State Secretary responsible for agriculture and rural...
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A priority goal is to strengthen the competitiveness of Hungarian agriculture
The growing trust between the actors of the banking sector and agriculture, and the performance of agriculture, has resulted in farmers being considered one of the best customer groups for...
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