Market News
Change of ownership at Csíki Sör
Slovakian Hungarian billionaire Oszkár Világi and his business partner Jan Sabol have acquired two of András Lénárd’s companies, and it seems that the Tiltott Csíki Beer production company may soon...
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Fight against fraud: it is no longer enough to automatically check all transactions
In addition to traditional transaction monitoring, more effective risk analysis plays an increasingly important role in the fight against financial crimes. It is no longer enough to automatically check transactions...
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Water retention in agricultural fields
The most important incentive for farmers is to get to know examples that work in their own environment, followed only by support opportunities – stated Zsolt Feldman, the State Secretary...
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At home, 13 out of 100 cards are Revolut?
Revolut neobank is becoming an increasingly important player in Hungary, where it now serves 1.5 million customers. This number represents 13% of the domestic bank card market, which clearly shows...
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Private labels are enjoying unprecedented popularity
According to EY’s latest Future Consumer Index, inflationary pressure and the cost-of-living crisis have had a significant impact on consumer preference for private label products. This article is available for...
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The basis of successful agriculture is a sustainable food industry
Hungary has always had a strong culture of agriculture, and today successful agricultural countries can be those where the food industry is also successful – said Márton Nobilis at the...
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The president of GVH stood up for the interests of Hungarian consumers at the OECD conference in Paris
The OECD’s consumer protection committee organized a two-day high-level meeting in Paris, in which Balázs Csaba Rigó, the president of the Economic Competition Authority (GVH), also participated. In the framework...
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The producer price of slaughter heifers increased the most
According to the AKI’s slaughter statistics data, cattle slaughter in January-August 2024, expressed in live weight, was 9.5 percent below the amount in January-August 2023. Cows, which account for two-thirds...
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Pringles introduces new paper-based packaging in Ireland
Pringles has introduced new environmentally friendly paper packaging in Ireland that customers can easily recycle at home. Replacing the aluminium can Pringles packaging of the 1960s and now available nationwide,...
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Meta must limit data use for targeted advertising, top EU court rules
Meta Platforms must restrict the use of personal data harvested from Facebook for targeted advertising, Europe’s top court ruled on Friday, backing privacy activist Max Schrems. Schrems took his grievance...
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Henkel Switches To 100% Renewable Electricity In Kenya Manufacturing Site
Consumer goods giant Henkel has switched to 100% renewable electricity at its manufacturing site in Nairobi, Kenya. Henkel described this achievement as a ‘significant step forward’ in the company’s sustainability...
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Farmers can prepare to synchronize the data of the Unified Application and the eGN plot
This year, the National Food Chain Safety Office (Nébih) will once again enable the automatic loading and synchronization of the data of the Single Application in the electronic Business Journal...
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Sainsbury’s to vacuum pack all lamb mince in UK supermarket first
Sainsbury’s is to swap its traditional plastic tray packaging for a new vacuum-packed alternative across its entire fresh lamb mince range in a bid to save 26 tonnes of plastic...
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Hungarian Product launches podcast series titled MesterMűvek!
Hungarian Product Nonprofit Kft. is one of the most important organisations in Hungary for the promotion of Hungarian products. This article is available for reading in Trade magazin 2024/10 In...
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High interest expenses continue to burden Lidl’s profits
Lidl’s international business can slightly increase its profitability in the fiscal year 2023/2024. Skyrocketing interest expenses cancelled out improved gross margin and stable staff costs. Investments in new stores and...
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Eggs cost more than 17 percent less
Based on data from the European Commission, EU (EU27) egg and egg product imports increased by 21 percent to 57,000 tons in the first six months of 2024 compared to...
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Gergely Suppan: stable growth can start in the retail sector
The data of the last month are encouraging from the point of view that a stable growth can start in the retail sector – said Gergely Suppan, the chief economist...
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Within weeks, billions of euros in support will open up for companies starting to invest in green
The next application round of the European Commission’s Innovation Fund is expected to open in November this year with a budget of more than 3 billion euros. Businesses starting a...
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The market for used products is booming
Two-thirds of the adult Hungarian population bought a used product, primarily with the intention of saving money. Reacty Digital’s research into the market for used products revealed that here, too,...
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A challenging market: why is it difficult to sustainably grow sweet potatoes in Hungary?
Although the popularity of sweet potatoes and the demand for them are constantly growing in Hungary, the domestic supply is not able to fully satisfy the needs. As a result,...
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Adaptation and renewal
Recent challenges have forced the domestic wholesale sector to keep adapting to market needs and economic changes. This article is available for reading in Trade magazin 2024/10 In addition to...
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Primary producers can create their own official certificate
With the development of Nébih, starting this year, farmers can obtain the official certificate certifying primary producer activity from the electronic primary producer register (e-ŐCSI) with a few clicks of...
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The new benchmark for vegan nutrition is purity and quality
BIOrganik Online Kft.’s story began more than two decades ago. BIOrganik hasn’t only expanded its product selection over the years, but also kept an eye on market demand. This article...
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Competition supervision proceedings were initiated against the Hungarian Energy Drinks Association for misleading consumers
The Economic Competition Authority (GVH) has initiated a competition supervision procedure against the Hungarian Energy Drink Association (MESZ), which is believed to have deceived consumers on its social media platforms,...
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Carrots are expensive in Poland due to the poor harvest
In October, there was a significant price increase on the carrot market in Poland, after the Central Statistical Office (GUS) revised downwards its forecasts for this year’s crop Agrárszektor writes....
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K&H: young people seem more pessimistic when it comes to their salary
Among working young people, eight out of ten expect to receive a higher salary in the next period. At the same time, almost six out of ten, i.e. 58 percent...
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Eroski customers saved more than EUR 33m in the first half of the year
With discounts on more than 5,700 products, Spanish retail chain Eroski has saved shoppers a total of more than EUR 33m in the first half of 2024. More than 50%...
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Penny invests into urban convenience
German discounter Penny is modernizing its store segment of small, urban discount stores. Updating towards a stronger convenience-oriented concept avoids a direct confrontation with channel leaders Lidl and Aldi. The...
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Sales of Fairtrade products increased in Germany
Sales of Fairtrade products in Germany increased by 3% in the first half of 2024 compared to the same period last year, according to Fairtrade Deutschland Association. Banana, flowers and...
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Moët Hennessy invests in nonalcoholic champagne brand
The luxury beverage maker’s partnership comes after it reported declining revenue in the sparkling wine category in the first half of 2024. Moët Hennessy announced a significant minority investment in French...
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