Market News
The EU has extended by one year the rules on the import of Ukrainian and Moldovan products into the EU without customs duties and quantitative restrictions
Date: 2024-05-13 09:00:25
The Council of the European Union has extended for another year the validity of the temporary trade regulation, according to which Ukraine and Moldova can import their products, including agricultural...
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Conad Adriatico’s expansion in Albania
Date: 2024-05-13 08:52:20
Italy’s Conad Adriatico continues its expansion in Albania, opening a new supermarket in the capital city of Tirana. With this move the cooperative’s store number reaches 44 in Albania and...
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KSH: Consumer prices increased by 3.7 percent on average in April compared to the same month of the previous year
Date: 2024-05-10 14:41:47
In April of this year, consumer prices were on average 3.7 percent higher than a year earlier, the Central Statistical Office (KSH) reported on Friday. Compared to March, prices rose...
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MNB: fuel and food accelerated inflation in April
Date: 2024-05-10 13:48:48
The annual consumer price index rose by 0.1 percentage point in April compared to the previous month. Fuels contributed 0.3 percentage points and foodstuffs 0.2 percentage points to the increase...
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Márton Nagy: inflation remained at a low level
Date: 2024-05-10 13:00:36
Based on the latest data from the Central Statistical Office (KSH), in April 2024, in line with the trends of previous months, the rate of inflation remained at a low...
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Beáta Olga Felkai: the population has turned to cheaper food, but this will change
Date: 2024-05-10 12:40:36
Beáta Olga Felkai, the Deputy Secretary of State at the Ministry of Agriculture, highlighted the substantial changes in consumer habits due to high inflation. In 2022 and 2023, many Hungarians...
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Inflation stood at 3.7% in April
Date: 2024-05-10 12:28:23
Slightly below our expectations, the annual rate of inflation rose to 3.7% in April. The monthly price change was +0.7%, also slightly below our expectation of 0.8-0.9%. Core inflation moderated,...
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Today, the food industry is not “only” a strategic issue, but also a national security issue
Date: 2024-05-10 12:12:21
Banks play an important role in boosting the Hungarian economy, the rate of which depends on the development of consumption and how long the war in Ukraine will last, said...
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Excellent Strawberry Harvest Expected in Hungary This Year
Date: 2024-05-10 12:07:53
Béla Mártonffy, the President of the National Chamber of Agricultural Economics’ Horticulture and Supply Industry Section, announced on InfoRadio that Hungary anticipates an excellent strawberry harvest this year. Thanks to...
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PwC Climate risks report: Key raw materials are at risk
Date: 2024-05-10 12:05:36
More than 70% of the critical minerals essential for the transition to net-zero energy are threatened by climate change, according to PwC’s climate risk report examining nine important raw materials....
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OKSZ elected officials and renewed its operations
Date: 2024-05-10 11:55:03
The National Trade Association held a general meeting yesterday. At the general meeting, the new members of the Supervisory Board were elected and the representative of PENNY-MARKET Kft. was approved...
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SPAR South Africa is targeting both affluent and lower-income shoppers
Date: 2024-05-10 11:50:18
South African grocery retailers are modifying their strategies to appeal to both affluent and low-income shoppers. While competitors, including the country’s leading grocery retailer Shoprite and Pick’n’Pay have brands that...
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Anikó Raisz: There is a huge debate between countries regarding the reduction of food waste and waste
Date: 2024-05-10 11:45:52
The issues of competitiveness, agriculture and demography will be of particular importance during Hungary’s consecutive EU presidency, said the State Secretary of the Ministry of Energy responsible for the environment...
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One in four consumers buys second-hand goods to protect the environment
Date: 2024-05-10 11:44:17
Owing to increasing living costs and consumer commitment to a more sustainable lifestyle, today it is no longer a shame to buy second-hand goods or have broken products repaired, according...
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Five global digital consumer trends
Date: 2024-05-10 11:29:11
Euromonitor International’s annual report gives an insight into the trends shaping the changing values of digital consumers and how their behaviour is affecting their purchasing motivations and needs. This article...
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European companies do not take advantage of the business opportunities inherent in sustainable operations
Date: 2024-05-10 11:23:24
The majority of companies are not yet aware of how sustainable operations contribute to business success, according to EY’s recent research with the participation of 200 company managers from 15...
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The number of guests of commercial accommodation increased by ten percent in the first quarter in the Czech Republic
Date: 2024-05-10 11:20:48
In the first quarter, 4.1 million guests stayed at commercial accommodation in the Czech Republic, which is an increase of 9.9 percent year-on-year. The number of domestic and foreign tourists...
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A new trend is taking hold among businesses
Date: 2024-05-10 11:18:37
The majority of domestic enterprises are open to cooperation and collaboration and see other companies not only as competitors – this is clear from the K&H survey. The surveyed SMEs...
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Entrepreneurs’ Gala 2024: the food industry is among the priority sectors of the new industrial strategy
Date: 2024-05-10 11:07:34
Knowledge-intensive sectors will play a major role in the economic policy of the coming years, the Deputy State Secretary responsible for the coordination of strategic affairs of the Prime Minister’s...
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GKI is more pessimistic than the government about growth, inflation and public finances
Date: 2024-05-10 10:50:04
GKI hasn’t changed its 2-2.5% growth forecast for 2024. However, it has lowered its inflation forecast to 5.5%. This article is available for reading in Trade magazin 2024/5 The expected...
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Hungrail: the appearance of giga trucks would cause social and environmental damage
Date: 2024-05-10 10:36:48
The appearance of giga trucks larger and heavier than traditional trucks on European roads would, in addition to reducing the competitiveness of the rail freight sector, have negative social and...
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Conscious salt consumption is the key to health
Date: 2024-05-10 10:35:25
Salt, scientifically known as sodium chloride, plays a crucial role in our diet. It provides essential electrolytes like sodium and chloride, necessary for the proper functioning of nerves and muscles....
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Both domestic agriculture and the countryside are strengthened in partnership
Date: 2024-05-10 10:00:14
The government is a partner of farmers and rural enterprises, and works in alliance with the Hungarian countryside – said Zsolt Feldman, the State Secretary responsible for agriculture and rural...
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A priority goal is to strengthen the competitiveness of Hungarian agriculture
Date: 2024-05-10 09:30:28
The growing trust between the actors of the banking sector and agriculture, and the performance of agriculture, has resulted in farmers being considered one of the best customer groups for...
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Development in agriculture is unbroken
Date: 2024-05-10 09:00:10
The poultry sector is the most competitive and also the most concentrated livestock sector in our country. It contributes to the improvement of the foreign trade balance, since poultry accounts...
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MNB: you can once again apply for the green finance science awards and the recognition of the green finance science research initiative
Date: 2024-05-10 08:46:21
This year, the MNB is once again announcing a tender to support research and scientific work to encourage sustainability, as well as to recognize renowned researchers in the field. Applications...
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The global food price decline has stopped
Date: 2024-05-09 12:52:02
In recent months, global food markets have shown only minor changes, but according to Zoltán Fórián, the lead agricultural expert at Erste Agrar Center, there is no cause for complacency....
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Surprising price drop in the Hungarian pensioners’ price basket
Date: 2024-05-09 12:26:22
According to the May data of the Mfor Pensioners’ Price Basket survey, there was a surprising 2.5% decrease compared to April, translating to a savings of 701 forints. This trend...
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A cashier-free shop sells gastronomic products from catch-up settlements
Date: 2024-05-09 12:06:43
Currently, the country’s only fully automated store operating without a cash register or a salesperson sells handicraft products made from vegetables and fruits produced in the Felzárkózó settlements in downtown...
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The biggest food collection of the year so far is coming
Date: 2024-05-09 12:02:47
3,000 volunteers will serve on Friday and Saturday in the biggest food collection campaign of the year so far, organized by the Hungarian Food Bank Association. Helpers wearing green vests...
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