Market News

New-wave Hungarian honeys

And let there be Flower Peace! Honeys that are delicious, honeys that are quality, honeys that are different! These are the products of the new-wave Hungarian honey brand, Virágbéke Mez...

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DHL’s Global Trade Atlas analyses data from 173 countries

DHL and NYU Stern School of Business have published the new DHL Trade Growth Atlas, which maps the most important trends and prospects of global trade in goods. The report covers 173 countries, providing...

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Product innovation gains momentum at Gergely Food

Traditions and reforms: both of them are characteristic of the product innovation work by 100% Hungarian-owned Gergely Food Kft. The company even does market research to be familiar with the...

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The price increase in the construction industry is enormous, it is worth postponing investments

The increase in prices in the construction industry was more than double the increase in consumer prices in the first half of this year compared to the same period last...

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According to the OVF, this year’s drought was severe, but not extraordinary

Although this year’s drought was very severe, it cannot be considered extraordinary: droughts of similar severity occur in Hungary every 20-50 years – states the National Water Directorate General (OVF)...

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Plant science research technology was developed at the Georgikon in Keszthely

Technological development, which includes high-tech elements and serves research and agricultural purposes, was carried out with an investment of more than HUF 900 million at the Georgikon Campus of the...

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UK Food and Beverage Sector Buyouts Sees Almost 30% Decline

Merger and acquisition deals within the UK’s food and beverage sector have dropped by 29% following a difficult trading environment which has seen retailers increasing prices to mitigate inflationary cost...

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Fighting drought is a strategic issue

In addition to Hungary’s climate conditions, the fight against drought is a strategic issue at the level of the national economy, the Minister of Agriculture said on Thursday in Nádudvar....

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Starbucks considers selling its UK business

Starbucks is exploring a sale of its UK business, as costs are skyrocketing and competition is getting stronger. The coffee chain has hired adviser Houlihan Lokey to find parties interested...

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The PRRS exemption can only be preserved with the awareness of livestock keepers

Thanks to many years of persistent and consistent work, at the beginning of this year we succeeded in achieving the freedom of Hungary from porcine reproductive disorders and respiratory symptoms...

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Food Inflation is Holding Up – Consumers Find Increasingly Difficult to Cope With

Food inflation remains extremely high and consumers are feeling the pain. They are making changes to their restaurant engagement as well as their grocery purchases, according to the August IRI...

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ALDI-inspired youthful dresses have arrived

A new clothing range is added to ALDI’s offer. The seasonal items feature the company’s iconic logo and everyone can find a fashionable outfit or footwear to suit their taste....

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According to László Parragh, the closing of shops on Sunday is within reach

The Hungarian Chamber of Commerce and Industry made suggestions to the government on how businesses could be helped in their fight against skyrocketing energy prices. The president of the chamber...

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K&H: The lack of professionals and exchange rate fluctuations hinder the operation of SMEs the most

Exchange rate changes are causing more and more problems for domestic businesses, according to the results of the second quarter of the K&H SME confidence index. After the shortage of...

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High Cost of Living Prevents 65% of People to Adopt a More Sustainable Lifestyle

The cost-of-living crisis is making it harder for people to live more sustainably as 65% want to be mindful of the planet and the environment but say higher prices prevents...

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There is a high demand for milk at the price cap, it is hardly available

In many places, you can’t get milk at the official price. Viewers of RTL Híradó sent footage of empty shelves from several locations, and rural customers also complained about this...

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In every era processed meats are in line with the trends

The ingredient and energy price increase has reached the category of processed meats too, which translated into higher consumer prices this year. Salami sales could grow in both value and...

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The drought is so severe that the trees are begging the dogs! – online discourse on drought

After the dry months behind us, autumn and rainy weather finally arrived with the first of September. Based on the online discourse of the past year, the research team of...

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Manpower: more than a quarter of domestic companies plan layoffs in the fourth quarter

For the first time since the first period of the Covid-19 epidemic, more companies operating in Hungary are planning to lay off workers than to increase staff. In the next...

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The Dutch onion market is booming

In addition to high sales prices, there is a strong demand for high-quality onions. According to Rinus Wisse, an expert from Wiscomex, the current selling prices of between 0.34 and...

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AKI: Hungarian farmers increased their machinery purchases by 80 percent

Individual farms and social enterprises bought HUF 165.5 billion worth of new agricultural machines and tools in the first half of this year, which was 80 percent more than a...

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Jobtain: This is worth knowing about the foreign workforce working for us

The labor shortage in our country is breaking records compared to the last five years. According to KSH data, 2022. II. a total of 98,648 vacancies were available in the...

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SPAR Austria To Combat Food Waste With Digitalisation

Retailer SPAR Austria is aiming to minimise food waste in its stores through new methods, including increased digitalisation of the group’s inventory. In cooperation with  the company’s IT unit, Microsoft, and...

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Premier Foods to buy The Spice Tailor for GBP 43.8m

Premier Foods is acquiring South East Asian meal kits brand The Spice Tailor for GBP 43.8m. In the 2022-2023 financial year the acquisition is expected to generate a revenue of...

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The European apple crop may be weaker than expected

WAPA (World Apple and Pear Association) has reduced its forecast for the European apple harvest by 90 thousand tons – the FruitVeb Hungarian Vegetable and Fruit Association and Product Council...

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Tesco rolls out first dairy-free milk drink range under its Wicked Kitchen label

Tesco’s plant-based label Wicked Kitchen has rolled out its very first dairy-free milk drink. There are four variants available: oat, coconut, soy and almond. Products in the dairy-free range contain...

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A significant crop loss is expected in sweet corn due to the severe drought

The sector is in trouble: in addition to the extraordinary economic situation caused by world political and economic events, and the explosive increase in costs, this year nature is spectacularly...

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GKI: this is how overheads increased, and this is how it will affect the budget

The consumer price index in August 2022 was 15.6% compared to August 2021, while the harmonized price index was 18.6%. Of this, 1 percentage point is explained by fuel purchases...

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How one Silicon Valley startup is using computer vision to make shopping frictionless

Silicon Valley startup AiFi (pronounced like “wi-fi”) is the driving force behind no fewer than 86 “computer-vision powered” autonomous stores in North America, Asia, Europe, and the Middle East. AiFi...

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It is not enough that bread has become more expensive by 70 percent, it can be even more expensive

Escaping overhead is also a serious problem for Hungarian bakery businesses – Pénzcentrum points out in a recent article. And although the Hungarian Bakers’ Association does not yet have specific...

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