Market News

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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Mondi invests EUR 280m in corrugated board packaging

Packaging company Mondi plans to invest EUR 280m in corrugated board packaging operations. The goal is to boost production and improve efficiency, as Mondi will invest EUR 185m in its...

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According to a survey, Hungarians would spend at least HUF 6,000 a month on private health insurance

The majority of Hungarians do not have private health insurance, although there is a serious demand for it from the population; Respondents expect the service most quickly and easily, according...

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One third of consumers choose food based on environmental impact, according to a survey

In Hungary, consumers no longer choose food based on prices, 36 percent of them also take environmental impacts into account, according to a representative survey, Danone Magyarország Kft. told MTI...

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Lidl already has more than 700 stores in Italy

Lidl has more than 700 stores in Italy, following the opening of 42 new outlets during its 2021-2022 fiscal year, which ended on 28 February. In March the discounter celebrates...

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Hell: Hungarian milk containing Energy Coffee conquers new markets

Szikszó-based Hell Energy Magyarország Kft. doubled is aluminium can production capacity to 3 billion/year last year. From their new innovations iced coffee Energy Coffee Coconut, which is made with lactose-free...

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Uber: Spanish regulation protecting couriers leads to workforce shortage

Uber Eats says that a Spanish law passed last year – this requires food delivery companies to contract their couriers as staff – has caused a workforce shortage, as many...

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Magazine: Introducing a global minimum tax

Taxing the digital economy and introducing a global minimum corporate tax are on the table both in the Organisation for Economic Co-operation and Development (OECD) and the European Union (EU)....

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Six out of ten Hungarians buy bread every day, according to a survey

Six out of ten Hungarians buy bread every day, and an average household consumes 1.6 kilograms of bread a week, JÓkenyér told MTI on Wednesday. According to the online survey,...

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The situation is getting worse from west to east on the wheat front

Hungary is characterized by a strong duality on the wheat front: while everything is in order in the western part of the country and there are great prospects for the...

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Domestic apricots and peaches yields will be better this year

Yields of most summer fruits are expected to be slightly better than in the last two years, and the good news is that after the shortages of 2020 and 2021...

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K&H: Online credit is spreading

Digital solutions are also becoming more and more popular in lending, the K&H Group already requires more than 50 percent of disbursed personal loans online, and the average amount of...

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