Market News
Mol and the University of Pannonia have completed a successful consortium project
Mol and Pannon University have concluded a successful consortium project and have signed a three-year cooperation agreement, Mol informed MTI. According to the announcement, Pannon University, Mol and their consortium...
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Dishes made from Hungarian pork should be on the holiday table!
Not only fish dishes are in the spotlight during the holiday season, for example, three times more pork is sold in December than in other months of the year. The...
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Intelligent robots: working for us, with us, instead of us
The exponential growth of the robot economy and technological development represent new opportunities, but also challenges for companies. So-called intelligent robots equipped with artificial intelligence can provide solutions to many...
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Unilever to invest EUR 75m in Nyírbátor
Unilever is bringing the manufacturing of a new product category and global beauty brands to Hungary: Axe, Rexona and Dove aerosol deodorants will soon be made here. The new factory...
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AI could have USD 1.6 thousand billion impact in North America by 2030
Retailers could benefit from the use of AI to varying degrees, according to the “2024 AI Readiness Index” of IHL Group. This article is available for reading in Trade magazin...
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Farmer-centric agricultural policy after 2027 receives unanimous support
The EU member states’ agriculture ministers have adopted Council conclusions on the farmer-centric common agricultural policy (CAP) after 2027, which is a fantastic success, as it gives impetus to the...
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Coca-Cola, Grab strengthen partnership to engage hybrid shoppers in SEA
It includes regional campaigns across both online and offline channels. Coca-Cola and Grab are strengthening their partnership to target hybrid shoppers in Southeast Asia by combining Coca-Cola’s offline retail presence...
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Online and discount grocery to experience fastest growth in next 5 years
Online and discount grocery channels are set to experience the fastest growth worldwide over the next five year, according to the latest forecast from the Institute of Grocery Distribution (IGD)....
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Monoprix Announces Plan To Enter Egypt In 2025
French retailer Monoprix plans to make a debut in Egypt next year as part of its international expansion. Monoprix has teamed up with Egyptian convenience retailer TMT, which operates the...
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Slow but steady growth in sunflower producer prices
Oil World experts expect a global sunflower seed harvest of 53.7 million tonnes in the 2024/2025 marketing year, down 9 percent from 2023/2024. The expected consumption is 55.4 million tonnes,...
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We won an important battle under the leadership of the Hungarian Presidency at the Agriculture Council meeting
We won an important battle under the leadership of the Hungarian Presidency at the Agriculture Council meeting in Brussels, we defended farmers’ subsidies with the EU agriculture ministers – said...
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Companies’ recruitment plans reflect improving economic prospects
Although there is still much uncertainty regarding the resumption of economic growth, domestic companies are looking positively to the coming year based on employment plans. In the first quarter of...
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Online retailers are much more optimistic about Christmas than last year
The renewed rise in real wages is likely to be reflected in this year’s Christmas spending. 50 percent of online stores selling products that come into focus at this time...
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ESG: why is everyone only talking about large companies?
ESG aspects are key sustainability metrics. Yet, when we talk about ESG compliance, we most often refer to large companies and listed companies. But what about medium-sized companies, which are...
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GKI analysis: Earnings – how much is too much?
One of the most common questions in recent months is why, despite the extremely high real wage level, Hungarian consumption is not expanding faster? According to the Minister of Economy,...
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In the mood for Christmas: szaloncukor in the unusual test of Supermint
The main characters of the seasonal product test of Szupermenta, which is celebrating its 10th birthday, were coconut lollipops. The experts of the National Food Chain Safety Office (Nébih) conducted...
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Smartphone payments turnover increased by 180 percent in two years
In ten months, K&H customers spent more than 469 billion forints with smart devices. This is 58 percent more than a year earlier, while compared to the same period in...
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“You are what you eat” – New program researches the eating habits of families with children
Proper nutrition plays a fundamental role in the physical and mental development of children and determines their quality of life in the long term. However, in Hungary, the health of...
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In addition to delicious desserts, poppy seeds are the raw material for many of our medicines
Poppy seeds are not only an excellent traditional ingredient for our desserts. Due to their rich vitamin and mineral content, their consumption also contributes to the healthy functioning of our...
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From January 1, buyers must pay producers within 30 days
The 30-day payment deadline for agricultural and food products has been in effect since 2012, but – in order to protect producers – violating this will also result in an...
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KPMG says companies should appoint a dedicated leader to lead AI transformation
There is no question that the application of advanced technologies, including generative artificial intelligence (GenAI), is becoming an important breakthrough for economies and companies. Companies must therefore appoint a responsible...
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Freedom24 stock market predictions for 2025: best-performing sectors and key trends
Freedom24, an innovative trading platform that connects investors to the world’s leading stock markets, has identified the trends that will impact stock market performance in 2025 and has compiled a...
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Energy efficiency investments and climate protection measures are becoming impossible
Further amendments are needed to the energy efficiency law before the Parliament, according to logistics professional organizations. They warn that if the amendment is adopted in December without revision, it...
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The Saudi Arabian market is happy to see Hungarian know-how
The Hungarian-Saudi Arabia Digitalization Cluster (HSD Cluster) held its first open day, where participants could gain insight into the Cluster’s operations, vision and objectives. The special guest of the event...
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KPMG: Who is responsible for the application of artificial intelligence at your company?
There is no question that the application of advanced technologies, including generative artificial intelligence (GenAI), is becoming an important breakthrough for economies and companies. Companies must therefore appoint a responsible...
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We eat 35-40 percent of our annual fish consumption at Christmas
Although according to the Hungarian diet, we should eat fish at least once a week, unfortunately the per capita fish consumption of Hungarians remains far below the European average at...
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The area of organic farming could increase to 500 thousand hectares by 2027
The support programs starting next year may give a new impetus to domestic organic farming, the current area of 320 thousand hectares of which could expand to 500 thousand hectares...
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DS Smith opens new eco-classroom in Füzesabony
For the third time this year, DS Smith opened an eco-classroom in Hungary. This article is available for reading in Trade magazin 2024/11 As part of the project realised with...
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Call for proposals to support individual advisory services has been published
A new call for proposals has been published with a budget of HUF 10 billion to support individual advisory services provided to farmers, thus helping sector players to cope with...
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Hero Group acquires British brand Deliciously Ella
Swiss food company Hero Group has acquired British healthy snack brand Deliciously Ella for an undisclosed sum. This article is available for reading in Trade magazin 2024/11 With this move...
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