Market News
New Tax Law Brings Significant Changes for Guest Workers
The 2024 Act LV introduces changes that remove several tax benefits for workers from non-EEA countries. The new tax law, effective January 2024, introduces significant changes for guest workers coming...
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This is what we expect from artificial intelligence: we will be more efficient and have more fun
The Ipsos 2024 AI Monitor report provides a comprehensive picture of how people around the world and in Hungary relate to artificial intelligence (AI). While the majority trust that AI...
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K&H: a gift, but what and from which store?
When it comes to Christmas gift-giving, clothes are the most popular choice among young people, with 67 percent of them preparing such a surprise for the holidays. Cosmetics are also...
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Mayor’s Office: bottle holders in public areas are being tested
Public bottle holders are being tested, the aim of which is to allow the collection of reusable bottles separately from public waste – the Mayor’s Office told MTI. According to...
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Eckes-Granini acquires fruit juice concentrate producer in Germany
Eckes-Granini, one of Europe’s leading juice producers, has acquired Wolfgang Jobmann, a specialist in the production of fruit drink concentrates in Germany. The Hamburg-based company has been marketing concentrates for...
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Fish consumption is becoming increasingly popular in our country
The Christmas fish offer and the results of domestic fish production were presented at a press conference organized in Budaörs in cooperation with the Ministry of Agriculture, the Hungarian Aquaculture...
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Nébih Farm welcomes visitors at a new location
The National Food Chain Safety Office (Nébih) has opened its doors to the renewed Nébih Farm, or the journey of milk, installation at the Hungarian Agricultural Museum since December. Visitors...
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The latest issue of Trade magazine is out now!
This time the digital version has been extended to 192 pages. You can read it now by clicking on the front page at the bottom of this e-mail, until the...
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After a subdued year, the holiday season is strong
74% of online shoppers, around 3.1 million people, are preparing for the holidays, spending an average of 84,036 forints and giving gifts to 6 people. PwC’s Christmas shopping research also...
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Battle of the regions: these are the most popular dishes according to Hungarians
Five times the national average of Mexican food is consumed in Debrecen, while Szeged has become the capital of Indian food, with eight times the average being ordered here –...
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Business-tailored halls help SMEs develop and grow
RaktárAD, a logistics developer with a Belgian-Hungarian ownership background, has opened a new chapter in the Hungarian industrial real estate market for SMEs. In 2024, it launched the construction of...
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How big will the wage increase be next year? Three factors that will determine the development of the Hungarian labor market
In addition to the further decline in unemployment and the effects of the Chinese investment boom, the decline in real wage growth will determine the Hungarian labor market in 2025,...
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Fidelity Outlook 2025: New paths for stocks
As we approach 2025, it is clear that the macroeconomic and monetary policy environment overall offers a positive backdrop for equity markets. In 2025, the business cycle enters a new...
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ESG – about sustainability standards, from a legal perspective
Since December 2023 several pieces of legislation have been published on ESG detailed rules, in which legislators have further specified certain qualification criteria for preparation, sustainability reporting and for those...
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The State Secretary of the Ministry of Agriculture received a prestigious award
The Hungarian University of Agricultural and Life Sciences awarded the title of honorary associate professor to Zsolt Feldman, the State Secretary for Agriculture and Rural Development of the Ministry of...
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Can the lending boom continue next year?
The volume of retail loan agreements this year could even surpass the record year of 2021, if the growth rate experienced during the year persists until the end of the...
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Shoppers are prepared to look for the best deals – EY Christmas survey
The majority of shoppers are specifically looking for and waiting for holiday discounts, according to EY’s latest international research conducted with the participation of 13,000 consumers. The proportion of those...
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Misconception that only Generation Z lives on TikTok – the average age of Hungarian users is 38 years old
Social media has become an indispensable part of every generation’s lives, from news consumption to purchasing decisions, according to a joint study by Publicis Groupe CEE (Central and Eastern Europe)...
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Sándor Fazekas: Natural instead of everything free!
Natural instead of everything! is the title of a book by Sándor Fazekas, a former Minister of Agriculture and Member of Parliament (Fidesz), about the challenges and risks associated with...
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DairyX makes a breakthrough in dairy-free casein production
Israeli start-up DairyX Foods has made great progress in the production of dairy-free dairy products. This article is available for reading in Trade magazin 2024/11 The company has developed a...
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Co-op uses AI to fight GBP 40m losses in the UK
British supermarket chain Co-op is using AI technology to detect offenders carrying hidden weapons or stolen goods, after costs from theft and fraud rose by 19% to GBP 39.5m in...
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Microbiome 1 – Elements of a superorganism
Our bodies are home to billions of microorganisms, which are mostly found in the gastrointestinal tract (99%, which can weigh as much as 2-3kg). Estimation is that there are nearly...
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Let’s give 10,000 disadvantaged children a chance to read with understanding!
For many people, learning to read may be the only way out of deep poverty. According to United Way Hungary, it is not enough to put a book in a...
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TikTok Shop launches in Spain
TikTok Shop has launched in Spain today, according to various market observers and sellers on the platform. This marks the first country in continental Europe where TikTok users can shop...
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Plant-based brands risk losing consumer interest, says Flora exec
Flora Food Group marketing director Ian Hepburn has warned that plant-based brands need to prioritise taste and performance or run the risk of becoming too “niche” to consumers. Speaking to...
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Albertsons Terminates Merger With Kroger
Albertsons has terminated its $25-billion (€23.7 billion) merger agreement with Kroger after the US District Court in Oregon and the King County Superior Court for the State of Washington blocked the deal....
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Zalando acquires rival About You
Zalando is buying out its German competitor About You. Both platforms will continue to exist separately on the front end, but integrate behind the scenes (B2B). Zalando has launched a...
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Tesco expects biggest ever Christmas for no and low-alcohol
Tesco is expecting to see its biggest ever demand for low and no-alcohol drinks this Christmas. According to data from Tesco shared with The Mirror, shoppers are now purchasing no...
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The Christmas season is starting earlier and earlier: value for money is the key
This year, 40 percent of Hungarians brought their Christmas shopping forward, which clearly shows the continuous change in shopping habits. When choosing a gift, the main consideration is the price-value...
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They want it to be premium, but also sustainable – expectations of the youngest generation
GlobalData’s latest report, “Demographics in Retail and Apparel” – which drew conclusions from the responses of more than 6,000 young people in Germany, France, Spain, Italy, China and the US...
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