Market News
Dairy substitutes: product developers are focusing on hybrid concepts and price parity
Once limited to soya milk, plant-based dairy alternatives are now much more diverse in terms of ingredients and formats: a wide range of non-dairy cup and drinkable yogurts, cheeses, creams...
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More high-quality plant-based private label products
According to PLMA, European private label sales will reach a record EUR 340bn in 2023. This article is available for reading in Trade magazin 2024/5 V-Label says this is partly...
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Brand reputation could suffer because of falling living standards
KPMG’s Global Customer Experience Excellence Research 2023-2024 report has summarised the experiences of more than 81,000 customers in 21 countries. The survey covers around 3,000 brands. This article is available...
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Raw milk’s price stays put
According to AKI PÁIR, the producer price of raw milk in Hungary was HUF 164.3/kg in February 2024. This article is available for reading in Trade magazin 2024/5 With a...
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European Private Label Awards 2024 winners announced
The European Private Label Awards, organised by ESM: European Supermarket Magazine, attracted 68 entries this year, with 21 innovations in 17 categories. This article is available for reading in Trade...
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DIA to close more than half its stores in Brazil
Spanish grocery group DIA is to close 343 of its stores and three warehouses in Brazil, after the company ended last year with a negative result of a EUR 154m...
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No more chocolate and sweets at the checkout in Kiwi stores
Norwegian discount retailer Kiwi would like to promote healthy food choices for shoppers by removing all chocolate and sweets products from the checkout zone. The initiative has been welcomed by...
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Open water!
There was a sales drop in the mineral water category last year. However, the branded flavoured mineral water market has produced an impressive growth recently. This article is available for...
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European Parliament adopts AI legislation
The European Parliament has voted by an overwhelming majority in favour of EU legislation on artificial intelligence. This groundbreaking regulation is expected to enter into force early next year and...
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Nébih: the spring food inspection ended with fewer fines than last year
The national food inspection, which ended on April 1, ended with approximately the same number of warnings, but fewer fines than last year, the National Food Chain Safety Office (Nébih)...
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2024 Q2 Investment Outlook: Timing matters
Positive momentum is building. The outlook for 2024 has brightened, but we caution that it won’t take much to spill over.We came into 2024 believing that a cyclical recession, featuring...
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KPMG: Female senior managers adapted surprisingly quickly to the polycrisis
Despite their increased workload, female senior managers are optimistic about company growth, social change, gender equality and their own careers. The majority have adapted to the current polycrisis and are...
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Breakfast cereal buyers are looking for new flavours and healthy products
According to the Hungarian Chamber of Agriculture (NAK), consumers are looking for new flavours and various “free-from” products are becoming increasingly important. This article is available for reading in Trade magazin...
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K&H: we don’t have much time left to reach the 55 percent reduction
The Hungarian economy still has 6 years to reach the EU’s goal of reducing greenhouse gas emissions by 55 percent. All economic actors must participate in this, and financial institutions...
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Consumer sentiment in the euro area improved to a more than two-year high in April
Consumer sentiment in the eurozone improved somewhat less than expected, but still reached a more than two-year high in April, according to Monday’s report based on preliminary data from the...
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Hygiene – from intimately close
NIQ data reveals that value sales of femcare category segments – sanitary pads, pantyliners and tampons – have grown, but volume sales were lower in 2023 than in the previous...
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For the green transition, some raw materials can cover the need in Hungary to a certain extent
In Hungary, there are raw materials from which the need for the green transition can be covered to a certain extent – said associate professor of the Institute of Geography...
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Can people under 25 really earn more than older workers?
The tax discount for those under 25, introduced two years ago, is still the subject of debate: according to some, it had a motivating force and activated young workers, while...
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Trenkwalder: the average hourly wage of manual workers exceeded HUF 2,000 in the first quarter
In the first quarter, the average gross hourly wage of skilled and trained workers performing physical work was HUF 2,061, which is a 15.9 percent increase compared to the HUF...
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The ancient beer that has been given a new life is made from surprising ingredients
An ancient Mesopotamian beer recipe has now been given a new lease of life as modern brewing has managed to use old bread crusts to make the drink, reducing its...
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Eroski extends discount programme for large families
Spanish retailer Eroski has announced that it is expanding its discount programme for large families to another seven stores. The group launched the support programme more than 19 years ago...
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Together for the unity of our nation – This year’s Hungarians’ Bread Program started with the Feast of Wheat Dedication
The Magyarok Kenyere – 15 million grains of wheat program opened its 2024 fundraising with the Carpathian Basin Wheat Consecration Ceremony, with the participation of nearly 400 farmers in the...
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CETIN Hungary and the University of Pécs enter into cooperation
The independent, integrated telecommunications infrastructure provider CETIN Hungary Zrt. and the Faculty of Technology and Informatics of the University of Pécs will cooperate in three priority areas in the future:...
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The Hungarian Wine Summit, the largest international wine trade meeting of the year, is approaching
April 21-25. The Hungarian Wine Summit, to be held between The five-day event aims to reposition the position of Hungary and Hungarian winemakers at the world level by expanding international...
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New wave of hair care
Citing NIQ data, Luca Varga, trade marketing manager of L’Oréal Magyarország says that the hair dye category grew by 10% in value in 2023. This article is available for reading...
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Pretenders: these four technologies will compete with artificial intelligence in 2024
Quantum technology, new semiconductors, cobalt-free batteries, space technology – these are the areas that, starting this year, will play an increasingly important role in addressing the most important challenges facing...
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Guest workers may also be needed in fish production due to the lack of domestic labor
Despite the challenges that have been observed in the fishing industry for years, 2024 holds promising opportunities. Favorable feed prices and ideal water levels paint a hopeful outlook for the...
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Can I secretly record what was said at the business meeting?
As technology advances, it becomes easier to record any conversation. Today, anyone can easily record business negotiations with a smartphone – even secretly. There can be countless reasons for making...
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It seems that the apricot and peach plantations survived this year’s frost waves!
The flowering of the fruit trees that arrived extremely early this year brought a surprising turn of events for the Hungarian peach growers. By the second half of April, flowering...
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Arla Foods Ingredients unveils nutritious beverage for health-conscious gamers
Danish-Swedish dairy multinational Arla Foods Ingredients debuts a high-protein beverage called Progamer. The functional drink is geared toward nutrition-conscious gamers and e-sporters who want to boost gaming performance while maintaining...
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