Market News
KSH: GDP increased by 6.5 percent in the second quarter
In the second quarter, the gross domestic product (GDP) increased by 6.5 percent compared to the same period of the previous year. Compared to the previous quarter, the performance of...
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Less and less beer is sold in Slovakia
Last year, beer consumption per capita in Slovakia was 120, the lowest in the last 30 years. Beer consumption has declined due to the epidemic – points out Bumm.sk, based...
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K&H: people perceive inflation to be much higher than the statistics
The majority of 30-59-year-olds perceived a price increase higher than the statistically shown inflation. According to 43 percent of them, for example, the price increase was 15 percent or more...
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Russian subsidiary of OBI sold for 600 rubles
Jozef Lyokumovich bought the Russian subsidiary of the OBI store chain for 600 rubles: acquiring a 60% stake in the company. The owner of the remaining 40% is Russian, but...
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Scotland makes period products free
Scotland is the first to offer tampons, sanitary pads and other menstrual products free of charge. Period products are now free to anyone in Scotland who needs them, nearly two...
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Ecuadorian banana exports decrease as a result of Russia-Ukraine war
The war between Russia and Ukraine has put extra pressure on already strained global logistics with a lack of containers and high input prices being amongst some of the factors...
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The Italian apple crop has started to be harvested, a 5% higher yield is expected for the continent’s second largest apple producer
The Italian apple harvest season has begun with the harvesting of early varieties such as Gala. Coldiretti, the largest Italian association representing producers, expects a total of more than 2.1...
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On the onion front, the mood has heated up
The situation is quite hot not only in the fields, but also on the onion market.. – In the last few weeks, there was a reasonable balance between supply and...
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Lidl is the largest domestic retail chain based on revenue and profit
The dynamic revenue growth of German discount chains continued last year on the Hungarian market, but almost all major players were able to increase their sales – it is clear...
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There are still many, but fewer and fewer new sole proprietors
30 percent fewer sole proprietors than usual and the value of starting a company at a multi-year low in July 2022. The summer and the tax changes depressed the spirit...
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With new support options, AM will focus on encouraging water-retaining management practices in the future
For the new agricultural support period starting in 2023, the Ministry of Agriculture planned new and more effective tools to encourage agricultural producers to use water-conserving management practices, but it...
Read moreThe USA faces tomato sauce shortage
California is one of the world’s largest producers of tomatoes, and with current drought conditions in the state, the USA is facing significant shortages. The industry that usually grows around...
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A lot of apple juice is coming from Turkey… or from China?
According to data from the customs authorities, the volume of apple concentrate exports to Poland from Turkey has increased by leaps and bounds. However, the producers suspect that the Turkish...
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Grocery boosts Walmart sales, but profits fall on inflation in Q2
Walmart posted a better-than-expected performance for the second quarter, with companywide revenue and earnings beating analyst estimates. Market share gains in food categories, “strong” private label sales and higher-than-average tickets...
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Lidl and Aldi second only to Tesco for UK market share
Discount supermarkets Lidl and Aldi are currently second only to Tesco for UK market share, with a combined share of 16.1%, according to the latest Kantar data. Lidl and Aldi have...
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SPAR Opens Its First Supermarket In Latvia
Retail giant SPAR has opened its first supermarket in Latvia in the city of Saldus, 120 kilometres west of Riga. In 2021, SPAR International granted a licence to operate the brand in...
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Hungary is now free of bird flu, but thousands of poultry were slaughtered again in the Netherlands
All 5,000 laying hens were killed in the Dutch egg-producing farm where bird flu infection was identified in the morning hours, and the poultry stocks of seven other farms located...
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Polish and Serbian fruit growers do not want to leave plums on the trees
Due to low fruit prices, fruit growers are faced with a dilemma: should they continue harvesting or should they stop? It is easy to say that this should be done,...
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According to AM, the significantly higher grape prices than last year are justified
The estimates for the low grape harvest and the grape price forecasts awaiting the approval of the wine regions justify significantly higher grape prices than last year during this year’s...
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Agricultural producer prices in Germany slowed down in June
Agricultural producer prices in Germany rose by 1.9 percent less than the previous month, by 33.9 percent, according to the Monday report of the German Federal Statistical Office, Destatis. In...
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K&H: The Russian-Ukrainian conflict affects the operation of almost all large Hungarian companies
Fewer and fewer large domestic companies expect the end of the Russian-Ukrainian military conflict this year, even though the international situation is very decisive for them in terms of their...
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Starting school: notebooks and drawing sheets will be 30-50 percent more expensive
The 2022/23 academic year will start in two weeks. Back-to-school sales have already started in stores, and parents have a long list of what they still need to buy for...
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It is important to pay attention to the dangers of must gas
The Ministry of Technology and Industry (TIM) draws attention to the dangers of must gas in a post uploaded to its Facebook page on Sunday. They indicated that, since the...
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Hungarians are already comparing the price of notebooks: starting school in times of economic crisis
Compared to July, the number of searches related to the school jumped enormously. The various school bags achieved almost 10,000 clicks and searches related to sets increased by nearly 400...
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Rice fields can also dry out by mass
The rice fields are also drying up in the Pó river valley, which is already threatening the cultivation of risotto rice this year. The current drought may affect rice cultivation...
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A fine of HUF 980,000 can also hit Hungarians in the tourist paradise
Anybody who swims in the sea on Mallorca’s popular beaches despite the prohibition sign can be fined up to HUF 980,000. The new rules came into force recently and the...
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PENNY encourages conscious consumption
PENNY encourages conscious consumption. In addition to complying with the relevant legislation, PENNY’s 227 stores operating in Hungary will be uniformly closed on Saturday, the holiday of the founding of...
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There will be no more price increases on the raw material front, a decrease is expected
Raw material costs have hit their peak and prices are set to soften, according to the latest forecasts, bringing welcome relief to ailing consumer goods manufacturers, according to a report...
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It is not only thirst that torments Dutch orchardists
In addition to the lack of water, heat waves and strong sunlight also leave their mark on the apple orchards. According to experts, where the fruit trees were not watered,...
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Tesco moves towards self-stervice checkouts due customer demands
Tesco says goodbye to staffed checkouts as it prioritises self-service in store revamp. A number of staffed checkouts will remain in place but the move will see a significant change...
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