Market News
Eurozone inflation rises to six-month high in January
Eurozone inflation rose to a six-month high of 2.5 percent in January, mainly due to rising energy prices, Eurostat, the European Union’s statistics office, said in a report on Monday....
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Hair care 2025: new directions and market trends
This article is available for reading in Trade magazin 2025/2-3. Mariann Karsai, senior brand manager of Henkel Magyarország Kft. cites NIQ data to tell our magazine: in November 2024 the...
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Tourism results reach new heights
Among the results, he listed the low level of the unemployment rate and the development of employment, adding that 4.7 million people are currently working. The minimum wage is under...
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NGM: pensioners will be able to use VAT refunds extremely easily
Malicious comments and criticisms regarding the VAT refund of pensioners, without information on the exact regulations, are nothing more than simple, old-fashioned political sentiment-raising – this is how the Ministry...
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A Hungarian research group has developed a gene editing process for producing new grain varieties
The cereal grain research working group of the National Laboratory for Agricultural Biotechnology and Precision Breeding for Food Security has developed a gene editing process for producing economically useful grain...
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Moderate optimism and improving prospects in the Central European real estate sector
The majority of Central European real estate market players expect that the economic, investment and financing environment will be more favorable this year than it was in 2024. Deloitte’s seventh...
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Italy’s Esselunga initiates coffee capsule recycling programme
Esselunga has started a new environmental initiative in Milan for recycling used coffee capsules. The goal is to collect and process all types of capsules, regardless of material (plastic or...
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EU agreement reached to reduce food and textile waste
EU member states and the European Parliament have reached a provisional agreement on new rules to reduce food and textile waste. These would reduce waste from food processing and manufacturing...
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Business sentiment in Germany did not improve in February
Business sentiment in Germany in February proved weaker than expected, according to a survey by the ifo Institute for Economic Research, primarily due to a worsening perception of the current...
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27 EU agriculture ministers: a separate agricultural budget is needed, with regionally based subsidies!
European farmers, the daily bread of European citizens, must be protected – the Minister of Agriculture emphasized on Monday on the M1 current affairs channel. According to István Nagy, this...
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Europe’s largest private-label crisp producer further increases production
Belgian Roger & Roger is investing sixty million euros in the renovation and expansion of its plant in Mouscron, near Lille (France). The Croky crisps producer hopes this will help...
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The goal is to double the domestic use of geothermal energy by 2030
The government wants to double the use of geothermal energy by 2030, based on the National Geothermal Utilization Concept adopted last year, said the Deputy State Secretary for Energy Policy...
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Coca-Cola enters trendy prebiotic soda market with Simply Pop
The drink, which contains fiber for gut health and Vitamin C and zinc for immunity support, pits the beverage giant against fast-growing upstarts Olipop and Poppi. Coca-Cola is making its...
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Dutch Retailer Jumbo Launches Plant-Based Yoghurt From Local Soy
Dutch retailer Jumbo has launched three plant‐based yoghurt SKUs made from locally grown soybeans in more than 300 stores across the Netherlands. The products are part of the retailer’s Direct...
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Is commercial profits going to be reduced? Viktor Orbán criticized both retailers and department store chains in his annual review
Traders and supermarket chains have significantly increased the prices of some basic foodstuffs, and with it, of course, their profits. In January this year, milk was sold 39 percent more...
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VAT refunds on vegetables, fruit, and dairy products for pensioners: will it work?
In his annual review speech on Saturday, the Prime Minister announced that in the second half of the year, pensioners will receive a partial VAT refund for purchases of vegetables,...
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Márton Nagy negotiated with OKSZ about food prices
We are working to reduce food prices! – the Minister of National Economy announced on his social media page, adding that he consulted with representatives of the National Trade Federation...
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Online price monitoring may expand
In order to protect families, keep inflation low and strengthen retail competition, a social consultation will start on Friday on the expansion of the online price monitoring system to 100...
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The economy is turning around, 2025 will be the year of breakthrough
This year will be a breakthrough year; there are at least eight factors, including employment, that they see the economy turning around, the Minister of National Economy said at the...
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A turnaround in international trade: tariffs are rising again
After World War II, the average level of tariffs was around 30-40%, but in recent decades there has been a continuous decrease. Today, the import-weighted tariff is only around 2.5%...
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Interest discount on green loans
The popular green home loan will be even more favorable at K&H. In the most popular interest period, the interest discount for a loan for energy-efficient residential property is 1...
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Recent survey: Fear of rejection is crippling businesses
A recent survey found that 33 percent of businesses cite fear of rejection as the main reason for their lack of customers. Many of the companies surveyed feel that a...
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Britons are starting to turn away from veganism
In the UK, more and more people are abandoning the vegan lifestyle, as evidenced by the closure of vegan restaurants and the gradual disappearance of plant-based products from supermarket shelves....
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Visit Hungary: nearly a quarter of a million guest nights during Valentine’s weekend
The Valentine’s weekend brought about 243 thousand guest nights to domestic accommodations, a 20 percent higher turnover nationwide compared to the second weekend in February – Visit Hungary told MTI...
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Changing rules for seasonal work and casual employment
On February 1, new rules came into force regarding seasonal work, casual employment and the employment of film extras. On the one hand, these bring with them an increase in...
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The best in the logistics profession were awarded in Herceghalom
The Hungarian Logistics Service Centers Association (MLSZKSZ) once again recognized outstanding professionals and developments in the logistics sector at the 15th Transport Logistics Conference. The award ceremony took place in...
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Biodiversity loss: ecosystems and economies increasingly at risk
While climate change dominates environmental debates, another equally serious problem, biodiversity loss, receives less attention. Yet this process can undermine the foundations of human well-being and economic systems, the G7...
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Alibaba’s quarterly profit increases significantly
Chinese e-commerce giant Alibaba Group Holding reported a sharp rise in after-tax profit in the third quarter of its fiscal year ended in December, with adjusted profit and revenue both...
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Climate change and market price explosions are becoming a growing problem for Hungarian producers
For decades, Hungarian agriculture has been based on the cultivation of wheat, corn, sunflower, barley, rapeseed and soybeans, as these crops are best suited to the climate and market conditions...
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The Consumer Protection Authority monitors compliance with advertising bans
The National Trade and Consumer Protection Authority (NKFH), together with the government agencies under its professional supervision, will monitor compliance with the general advertising rules and the regulations protecting the...
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