Market News
Podravka takes over Fortenova’s food division
Croatia’s Podravka has agreed to acquire the food companies of the Fortenova Group. The deal is subject to approval by the Croatian competition authority and other regional regulators. The buyer...
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The Board of Directors of AKKO Invest does not recommend accepting the purchase offer for the company’s shares
AKKO Invest’s Board of Directors does not recommend its shareholders to accept the public takeover offer, since the goals of the bidder belonging to the WING Group are in line...
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Two hundred billion forints are available for agricultural development
From September 17, businesses can apply for two new calls worth a total of HUF 200 billion: HUF 150 billion is available for supporting the complex development of processing plants,...
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Amazon orders workers back to office five days a week
Amazon has scrapped its hybrid work policy, with staff forced to return to the office five days per week from January. Announcing the change in a memo to staff, the...
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Lidl makes non-food a priority
Lidl is strengthening its non-food supply chain. The discounter’s Tailwind Shipping line is launching its ninth ship in two years. Following the successful launch of the Parkside DIY brand, Lidl...
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The price of fodder wheat was 14 percent higher than last year
According to Tallage’s September information, the spot market price of 12.5 percent protein mill wheat in Germany (FOB Hamburg) increased by $29 to $295/ton between August 5 and September 9....
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Nestlé signs contract for first manufacturing facility in Saudi Arabia
Nestlé has signed up for a 117,000 sq m plot in Jeddah’s Third Industrial City. Nestlé is to build its first food factory in Saudi Arabia after signing a contract...
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Aldi Expands Organic Offering In Spain
German discounter Aldi has seen a significant increase in organic product sales in Spain over the past two years. One in five Aldi receipts now includes organic items, and the...
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Sustainable plant protection and food safety in Hungary
In a rapidly changing world, food safety is becoming increasingly important, the basis of which is plant protection. The EU currently operates one of the strictest plant protection product licensing...
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Hungarian Consumption Expected to Recover by 2025
The Hungarian economy has experienced a challenging period over the past few quarters, characterized by declining household consumption and investment. However, according to a recent report by the Equilibrium Institute,...
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Food prices in Hungary have doubled in six years
In the last six years, we have witnessed a drastic increase in food prices in Hungary, where prices have doubled, compared to the average price increase of 40 percent in...
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There is a lot of imported meat on Hungarian shelves
Serious changes can be observed in Hungary’s live cattle and pork market in 2024: while the import of live cattle increased, the export of beef showed a significant decrease. The...
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An autumn action plan is being prepared to support SMEs: automation and technological developments are the focus
Richárd Szabados, the newly appointed State Secretary of the Ministry of National Economy, announced that the programs of the autumn action plan aimed at the development of small and medium-sized...
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The food shopping habits of Hungarians have changed: price has become the main consideration
In the past period, the food purchasing habits of the Hungarian population have changed significantly, as the price of the products has become the most important decision factor. More than...
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Shopping tourism on the Slovak border: is it worth skipping?
In the northern counties, an increasingly common question is whether it is worth going shopping in Slovakia. Favorable prices, lower VAT and sales attract many Hungarian customers to Nagymegyer, Révkomárom...
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The effects of climate change are much more severe than we previously thought
This year’s summer and autumn broke heat records one after the other, and we all feel their harmful effects on our own skin. While in Hungary the drought has resulted...
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The maximum fine that can be imposed by the GVH has been seriously increased
The maximum fine that can be imposed by the GVH has been seriously increased – it was announced at the joint conference of the Hegymegi-Barakonyi and Fehérváry Baker & McKenzie...
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Profession.hu : This is why job seekers will be fed up with the hiring process
Looking for a job is a time-consuming task, in the previous quarter it took an average of 4 months to find a position, but it can take up to 10...
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A rise in prices is expected on the potato market: Poland and Europe are also affected
Although potatoes were still relatively cheap in Poland at the beginning of September, based on market analyses, price increases are expected in the longer term, not only there, but throughout...
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NGM: Liszt Ferenc International Airport in top form
Liszt Ferenc International Airport is in top form, with passenger traffic increasing by nearly 20 percent and freight traffic by 50 percent until August, Máté Lóga, State Secretary responsible for...
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Fuel card: a real trump card
It is very important for FMCG fleets to be able to refuel quickly, without queuing. This article is available for reading in Trade magazin 2024/8-9 In June the Shell MobilePayment...
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K&H: young Hungarians are more or less satisfied with their workplace
Young Hungarians judged their work and career advancement opportunities slightly more positively in the second quarter of 2024 than before, but there have been other examples of this in the...
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MKIK: this year’s WorldSkills world competition ended with a Hungarian gold medal
This year’s WorldSkills world competition, which took place on September 10-15, ended with a Hungarian gold medal. were held in Lyon, France, the Hungarian Chamber of Commerce and Industry (MKIK)...
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A shop in Budapest collapsed with fake global brands: HUF 45 million in damage was caused
A shop in Budapest lured its customers with fake world brands, causing more than HUF 45 million in damages to the rights holders, according to the announcement of the National...
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General Mills selling North American yogurt business
General Mills, Inc. is selling its North American yogurt business to the French companies the Lactalis Group and Sodiaal for approximately $2.1 billion. The Lactalis Group will acquire the US...
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McDonald’s Korea launches voice-guided kiosks, a first in Asia
McDonald’s Korea has introduced voice-guided self-service kiosks at some of its Seoul locations, making it the first fast-food chain in South Korea to do so. They did this to make...
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Croatia’s Studenac Targeting 3,400 Stores By 2028
Croatia’s largest retail chain by store count, Studenac, sees significant potential for further expansion, according to Dragan Baškarad, a member of the retailer’s management board. Speaking during a conference organised...
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Bottle return machines may move to new locations in grocery stores
Leading grocery store chains are increasingly planning to move bottle return machines from inside stores to outside, G7 reported. The current internal placement of machines, especially in busy stores, does...
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Milk, honey and eggs: Drastic price increases and challenges for domestic producers
Milk, honey and eggs, which are among the basic foodstuffs of Hungarian households, have faced significant price increases in recent years. Both producers and consumers are in a difficult situation,...
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Márton Nagy would use administrative means to encourage domestic purchases: what does this mean in practice?
Minister of National Economy Márton Nagy is considering administrative steps to ensure that the Hungarian population prefers to spend its money at domestic rather than foreign-owned merchants – it was...
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