Market News
Pingo Doce introduces eco-friendly, reusable bread bags
Portuguese retail chain Pingo Doce has launched 100% cotton reusable bread bags made in Portugal. The move is part of Pingo Doce’s commitment to minimise single-use packaging and promote a...
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Delhaize Serbia Expands Logistics Network With New Distribution Centre
Delhaize Serbia has consolidated its supply chain capabilities by opening a new distribution centre in Dobanovci. The state-of-the-art facility, located within VGP Park Belgrade, spans across 42,000 square metres and...
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Lidl shows resilience against Biedronka and Dino
Lidl has taken the lead in revenue growth on same sales areas among Polish top grocers. For the first time the German discounter’s like-for-like figures exceed those of grocery market...
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The joint project of Nébih and MATE has ended: the National Laboratory of Agricultural Technology
The development of the National Laboratory of Agricultural Technology in cooperation with the National Food Chain Safety Office (Nébih) and the Hungarian University of Agriculture and Life Sciences (MATE) has...
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Little change in the GKI economic sentiment index in July
According to a survey conducted by GKI Economic Research with support from the European Union, neither the outlook for the business sector nor for the population changed significantly in July...
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The expansion of a Ferrero plant in Germany is given the green light
The Italian confectionery group has received official approval to build a new production hall at its site in Stadtallendorf. The €170 million investment is intended to “ensure the long-term viability...
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Fertilizer prices fell by almost 37 percent on average
Fertilizer distributors sold 789,000 tons of fertilizer directly to agricultural producers in the first half of 2024. Although the volume sold was 38.7 percent higher, due to the 36.9 percent...
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GKI: Is domestic consumption weak?
Some domestic economists are looking for explanations for the anomaly called the “consumption puzzle” by the Minister of National Economy. In other words: why does this year’s strong real wage...
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The domestic and EU pork sector faces difficult years: what can be expected in the future?
The domestic and European pork industry has been struggling with serious challenges for years. Rising purchase prices, falling consumption, and the change in the social perception of the sector all...
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Growing transactions: electronic payments gained new momentum in the second quarter of 2024
After the seasonal decline experienced in the first quarter of the year, the turnover of POS terminals and the number of completed transactions started to increase again in the second...
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This could be the antidote to the declining Hungarian beer consumption
Beer consumption has shown a decreasing trend in Hungary in recent years, but at the same time, quality has come to the fore and consumers can choose from a never-before-seen...
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The price of olive oil rises dramatically: counterfeiting and stock shortages are breaking records
The world market price of olive oil has more than doubled in the past two years, thanks to production difficulties caused by extreme weather. However, in addition to the rising...
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foodora: There is no cucumber season in the food order
Vacations, school breaks and heatwaves also affect the consumption habits of Hungarians. Our daily routine of avoiding the heat is also reflected in our food ordering habits. The compilation of...
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Hungary is at the forefront of ultra fast fashion
Ultra fast fashion companies are increasingly dominating the fashion industry thanks to their amazing technological background and quick response. In contrast to traditional fashion industry models, where designers work based...
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Ivory Coast increases support for cocoa exporters: 500,000 tons are targeted
The government of Côte d’Ivoire is taking a major step to support local cocoa exporters to increase their competitiveness in international markets. The world’s largest cocoa producer has produced an...
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We know how young people drank this summer: in the spirit of fair play and responsible drinking
Of course, there are those who think it’s “to a small extent medicine, to a large extent medicine”, or who “drink for a week, exercise for a week”, but the...
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K&K Magazine: Apply for the 2024 publication of the most successful Hungarian businesses!
K&K Magazin is also publishing its book The Most Successful Hungarian Enterprises this year, which presents the stories of the country’s most outstanding companies. The publication will be published in...
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The harvest starts earlier: we can expect a weaker apple yield in Hungary this year
This year, the harvest can start earlier than ever before in domestic apple orchards, especially in Hungary’s largest growing region, the county of Szabolcs-Szatmár-Bereg, where the purchase of fresh apples...
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The blockade of the port by climate activists protesting against ocean cruise tourism causes hundreds of thousands of euros in damage
The Extinction Rebellion (XR) climate protection group’s blockade against cruise ships in the port city of IJmuiden leading to Amsterdam could cause up to 800,000 euros (315 million forints) of...
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Hungary is also threatened by the appearance of the Japanese beetle, which is native to Asia, as a closed-end pest
The Japanese beetle (Popillia japonica), native to Asia, may also appear in our country. The closed-loop pest is already present in neighboring Slovenia. It can cause enormous damage, especially in...
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Gáborné Pölöskei: in agriculture, it is particularly important to train specialists who respond well to changes
In the field of agriculture, it is particularly important to train specialists who respond well to the changes taking place in the world – said the deputy state secretary responsible...
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The export of live pigs increased by 38 percent
According to KSH data, Hungary’s live pig export increased by 38.7 percent to 14.7 thousand tons in January-May 2024 compared to the amount in January-May 2023. The main partners were...
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MNB: the monetary council did not change the base interest rate
The Monetary Council of the Magyar Nemzeti Bank (MNB) did not change the base interest rate at its meeting on Tuesday, which is unchanged at 6.75 percent, neither did the...
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Sharp Differences In Grocery Shopping Habits Across The Balkans, Study Finds
The annual Mediana TGI Adria survey polled over 17,000 consumers in Slovenia, Croatia, and Serbia has revealed notable differences in grocery shopping patterns among consumers in the three countries. The...
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NAK-FruitVeB: the harvest started earlier in the domestic apple orchards
The harvest can start earlier than ever on domestic apple orchards. In the county of Szabolcs-Szatmár-Bereg, which is Hungary’s largest growing region, some processing plants have already started to purchase...
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Japan’s Suntory Aims For Greater US Canned Cocktail Market Share
Japan’s Suntory Holdings is betting on its spirits expertise to boost its share in the U.S. canned cocktails market, said a senior official from the drinks giant that aims to...
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German retailer Penny invests EUR 35 mln in its fifth warehouse in Romania
German discounter Penny has kicked off construction work on the fifth warehouse in Romania, a project developed in Mihailesti (Giurgiu County, south of Bucharest) involving EUR 35 million of investments,...
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Aldi and Edeka fight for the crown of largest organic grocer
German grocers expand their organic ranges. Discounters and supermarkets alike step up their cooperation with associations for organic farming. Segment leader Alnatura’s introduction of an organic price-entry private label fuels...
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The sow area in Hungary has doubled
We need a common European strategy that can reduce and, in the long term, even eliminate our existing dependence on imports for protein feed, so we need to further increase...
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The producer price of broiler chicken decreased by 17 percent
Based on data from the KSH, Hungary’s poultry meat exports increased by 3 percent to almost 90,000 tons in the first five months of 2024 compared to the same period...
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