Market News

GDP growth in OECD countries slowed in the first quarter

The gross domestic product (GDP) of the countries belonging to the Organization for Economic Co-operation and Development (OECD) grew by 0.1 percent in the first quarter, compared with the previous...

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Factors in the activity of the British economy at a fifteen-month low

According to preliminary May activity indicators released on Tuesday, the pace of the UK economy’s recovery has slowed to an all-time low of fifteen months, mainly due to soaring inflation...

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(HU) Ultrakonzervatív a magyar vállalatok számlázási gyakorlata

Sorry, this entry is only available in HU....

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UK government’s HFSS restrictions delay

The UK government has announced a one-year delay to the proposed restrictions for foods high in fat, salt or sugar. It said restrictions would be pushed back following the unprecedented...

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PLMA’s 2022 “World of Private Label” International Trade Show in a week

As indicated in our previous article PLMA’s annual “World of Private Label” International Trade Show opens 31/May – 1/June. at the RAI Exhibition Center in Amsterdam Show time Organiser of...

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Hungarian innovation could bring a breakthrough against one of the viruses attacking tomatoes

The research group of Ecowian Magyarország Kft., which offers disinfection and cleaning solutions, and the biotechnology research institute of the Hungarian University of Agriculture and Life Sciences (MATE) have found...

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The asparagus season started later than usual

Asparagus picking started later than usual this year, at the end of April, and is expected to last until mid-June, with the average producer price of domestic asparagus being 12...

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Deadlines for completion have been published by the Digital Agricultural Academy

The Digital Academy of Agriculture (Digitális Agrárakadémia) has announced the deadline for applicants for the Digital Demonstration Economy Award and the Database of Digital Service Providers, the Hungarian University of...

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Ifo’s German business sentiment index improved in May

Instead of the expected deterioration, the Ifo Economic Research Institute’s business sentiment index in Germany improved for the second month in a row in May, after falling sharply in March...

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Groupe Casino and Ocado extend partnership

Groupe Casino and Ocado Group plan to develop several e-commerce logistics centres for retailers all over France. Ocado will also introduce its in-store fulfilment solution across the French company’s Monoprix...

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A mobile operator-independent 5G test project is launched in the city center and in the agricultural economy

The purpose of the tests is to examine how to economically build and operate a 5G network in a variety of environments, such as a densely populated downtown area or...

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Magazine: Chocolate tablet brands are thinking big

Chocolate tablets benefitted from the first year of the pandemic: many shoppers put them in their baskets, instead of impulse chocolate bars or pralines purchased for some kind of occasion....

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New study unveils how the CAP is contributing to animal welfare and antimicrobial use reduction

The European Commission published a study examining how the Common Agricultural Policy (CAP) 2014-20 contributed to improving animal welfare and reducing antimicrobial use. The study provides a snapshot of the...

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K&H: The income situation of the population improved in the first quarter

The income situation of the Hungarian population improved in the first quarter. The income of an average household amounted to 414,000 HUF, which corresponds to a record level in the...

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Watermelon will become very expensive

Instead of last year’s 3,500 hectares, growers have planted watermelons on only about 2,800-3,000 hectares this year. Due to the jump in production, transport and labor costs, we cannot expect...

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Internet services market is changing

The market for online services has changed, customers are making more cautious decisions, more and more people are buying at the last minute, and the range of services they are...

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Ministry of Agriculture: the conservation of biodiversity has a paramount importance

The Ministry of Agriculture considers the conservation of biodiversity and the protection of our rich natural values, wildlife and natural habitats to be of paramount importance, the ministry told MTI...

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The number of British billionaires has set a record

The number and wealth of billionaires living in Britain rose to another record, although the wealth situation of some major Russian investors has been severely challenged by sanctions imposed on...

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Flammable cigarettes were recalled in Canada

Non-compliant standard-length Viceroy Full cigarettes manufactured between September 2021 and March 2022 that were recalled by the Canadian Health Service, 444.hu wrote. The regulations stipulate that cigarettes manufactured or imported...

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Merger by Sweden’s Mathem and Mat.se

Swedish online grocer Mathem is waiting for an approval from the Swedish Competition Authority, after it has completed its merger with Mat.se. This deal makes Axfood the second largest owner...

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Morrisons teams up with coffee pod recycler Podback

UK retailer Morrisons has announced a partnership with recycling scheme Podback, which was started by Nestlé and Jacobs Douwe Egberts UK. Customers can recycle coffee pods with the help of...

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Speed Dating to find the real thing

Hungarian Product Nonprofit Kft. has held its usual year-starting marketing forum in a special format: they invited trademark users to a Speed Dating event to a multiplex cinema in Budapest....

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Magazine: Pepper is small…but its price is getting bigger

Nowadays it isn’t Covid-19, but the consequences of the pandemic and the war in Ukraine that make spice companies nervous. Ágnes Szűts, marketing manager of Kotányi Hungária Kft.: “Further sales...

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Matolcsy: two-year competitiveness program needs to be launched

The central bank is proposing a two-year competitiveness program to the new government to restore the “dramatically upset” balance. The 12 pillars and 144 proposals of the Sustainable Balance and...

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The EP has approved the introduction of a global minimum corporate tax rate

MEPs have approved a Commission proposal to make an international agreement on a global corporate tax rate of at least 15% mandatory, the EU parliament said on Thursday. At the...

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British inflation on a forty years peak

Annual British inflation has accelerated in April for a four decades peak. According to a report by the British Bureau of Statistics (ONS) on Wednesday, the twelve-month consumer price index...

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Carrefour enters the Israeli market in cooperation with Electra Consumer Products

As part of its international expansion, French retailer Carrefour has entered into a franchise agreement with Israel’s Electra Consumer Products and its subsidiary Yenot Bitan. Carrefour will open stores under...

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Rohlik Group trials automated warehouse systems

Rohlik Group – the parent company of Kifli.hu – has launched a pilot project with BRIGHTPICK, for increasing the efficiency of warehouse operations with the help of automation and robotics....

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Cats dominate

Last year value sales were up 10% in the pet food market. Anna Tuyaerts, Nestlé’s Purina brand manager: “Upgrading to higher quality products was driving sales, together with the spreading...

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