Market News

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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Sustainable fleets, new challenges

The leasing market is undergoing a big transformation. New financing schemes and flexible leasing solutions are becoming increasingly popular among companies. These new approaches make it possible for them to...

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Coffee without beans: environmentally friendly solutions are coming

A neighborhood in San Francisco recently debuted a coffee drink made without the use of a single coffee bean – a new direction as a result of the innovation of...

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György Zsolt Papp was elected president of NAK

The National Chamber of Agrarian Economy (NAK) held its national delegate meeting on September 13, 2024, where the organization’s new president was elected. At the delegate meeting, István Jakab, President...

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Why is Tokaj aszú cheaper in Switzerland than in Hungary?

Although it may be surprising, in some cases a quality Tokaji aszu is cheaper in Switzerland than in Hungary. This contradiction highlights the challenges of the Hungarian wine market and...

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According to a survey, the majority in Hungary is open to artificial intelligence

The majority is open to artificial intelligence (AI) in Hungary, but few still use it; although the proportion of those who believe they know what artificial intelligence is is 79...

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How do we use expired meat products? Nébih’s guide will help you navigate

Nébih’s Remaining Without Remains program has been renewed Expired… Can I eat it? guide helps ensure that food can be used safely even after the expiration date. In previous articles,...

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Nut prices are rising in Hungary

In recent years, the price of walnuts has risen significantly in Hungary, while the harvested quantity did not show a significant increase. Although the area of ​​walnut plantations has expanded...

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Dutch retailer Albert Heijn fights food waste with AI recipes

Albert Heijn’s new Scan&Kook initiative allows users to get personalised recipes based on photos of food products. This article is available for reading in Trade magazin 2024/8-9 The generative AI-powered...

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The situation of plums in Hungary: declining production areas and challenges in the processing industry

The plum, which is a popular fruit worldwide, also has a significant history in Hungary. In recent years, however, the decrease in domestic cropland and fluctuating crop yields have posed...

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Another boost in the Hungarian wine industry

In order for the Hungarian wine industry to strengthen its competitiveness and the recognition of Hungarian wine, new developments and innovations are always needed, said Minister of Agriculture István Nagy...

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Italian locusts have multiplied in two southern counties

During the summer, the National Food Chain Safety Office (Nébih) received several reports from Bács-Kiskun and Csongrád-Csanád counties about the Italian locust, which is multiplying and causing significant damage. The...

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New measure to curb food waste by Coop Switzerland

As part of its efforts to prevent food waste in the fresh meat category, Coop Switzerland is freezing certain fresh meat products on the expiry date and offering them at...

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The government provides significant support to the poultry sector

Animal husbandry continues to play a prominent role in Hungarian agriculture, especially poultry processing, where, in addition to significant added value, the export capacity is also constantly increasing, stated Dr....

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Coop Italia Adds Over 5,000 Private Label Products in Past Two Years

Over the past two years, Italian retail cooperative Coop Italia has added over 5,000 new private-label SKUs to its shelves. Between 2022 and 2024, the product expansion was a response...

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Carlsberg to build Kazakhstan factory amid new PepsiCo deal

Carlsberg has bottling agreements with PepsiCo in Norway, Sweden, Switzerland, Cambodia and Laos. Carlsberg is to set up a production plant in Kazakhstan as part of a new distribution deal...

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György Zsolt Papp was elected president of the National Chamber of Agrarian Economy

The National Chamber of Agrarian Economy (NAK) held its national delegate meeting on September 13, 2024, where the organization’s new president was elected. At the delegate meeting, István Jakab, President...

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UK government confirms ‘junk food’ advertising ban

The restrictions on advertising products high in fat, sugar and salt (HFSS) will take effect on 1 October next year. The new Labour government has made good on a pre-election...

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Garden friendly circles maintain the traditions of Hungarian gardening

We can be proud of the traditions of Hungarian gardening, which is worth maintaining and supporting, said Zsolt Feldman, the State Secretary responsible for agriculture and rural development of the...

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The domestic pear yield is at a ten-year low: The harvest volume continued to decrease this year

The worst pear yield of the past decade can be observed in Hungary in 2024, reports Portfolio, based on the latest data from the National Chamber of Agriculture and the...

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August inflation surprise: Slowing monetary deterioration, improving purchasing power

The latest inflation data from the Central Statistical Office (KSH) caused a significant surprise, as the rate of monetary deterioration slowed down to only 3.4 percent in August, which is...

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The Court of Justice of the European Union Condemned the Food Price Freeze: it violates free competition

The Court of Justice of the European Union issued a judgment in which it classified the food price freeze introduced by the Hungarian government as contrary to EU law. According...

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More than charity – what is good CSR like?

According to the K&H sustainability index from the first half of 2024, both large and small companies have seen a decline in CSR engagement owing to the difficult business environment,...

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The amount of fines that can be imposed by the GVH has increased

From August 1, 2024, the Economic Competition Office (GVH) may impose even higher fines on businesses that violate the law. On September 1, 2023, the maximum amount of the fine...

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Amazon reaches milestone in speed of delivery

Amazon has delivered more than 5 billion products worldwide in a single day, and increased its same- or next-day delivery rate by 30% year-on-year, the company announced. Tens of millions...

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The amount “expected” by pensioners has increased significantly

In order to narrowly manage everyday life after retirement, an average of nearly HUF 240,000 would be needed per month, according to the K&H recent, middle-aged, secure future survey. According...

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