Market News
István Nagy: Hungary’s food supply was secured because of the war
Hungary’s food supply is secured – the Minister of Agriculture said on Monday on the current channel M1. He added that last year the country exported more than two million...
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Serious cybercrimes threaten economic actors
The Allianz Risk Barometer 2023 shows both stability and change. For the second year in a row, cyber security incidents and business interruption topped the list of companies’ biggest concerns...
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Hungarian shopping tourism is a hot topic in the Croatian media
Since the VAT reduction of basic foodstuffs, shopping has become about 40 percent cheaper in Croatia than here, so many people go to their southern neighbors for a little shopping....
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Customers opt for traditional meat products
Despite climate-friendly aspects, after years of giving cause for confidence, it seems that consumers have finally decided to stick with the cheaper and tastier traditional meats. The huge invested capital...
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MATE and Fino Food Kft. developed health-protecting dairy products.
Health-protecting dairy products were developed by the Kaposvár campus of the Hungarian University of Agriculture and Life Sciences (MATE) and Fino Food Kft.; the food produced as a result of...
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OMV has installed containers for the safe collection and storage of used cooking oil at its 40 filling stations across the country
Used cooking oil is still not properly treated in many households. Cooking oil that is no longer suitable for food use is considered hazardous household waste, and it can also...
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Farmers can count on a predictable agricultural support system this year as well
Hungarian farmers are facing another difficult year, but they can trust the predictable agricultural support system this year as well – said the Minister of Agriculture at his press conference...
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Amazon Launches Air Cargo Service In India As Online Sales Soar
Amazon.com Inc has launched a dedicated air cargo service in India, Amazon Air, as it looks to expand and speed-up deliveries across one of its key markets amid fast-growing e-commerce...
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A new survey confirms that not the biggest brands are the most ethical among spirit brands
Hennessy, Smirnoff and Jack Daniel’s have been found as the brands with the lowest ethical scores across the spirits sector, new research shows. According to The Good Shopping Guide’s recent...
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HUF 59 billion in agricultural subsidies were received by farmers in one day
The payment of EU agricultural subsidies after 2022 is proceeding rapidly, as part of this, yesterday the Hungarian Treasury allocated HUF 59 billion to farmers under several legal titles, announced...
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Kroger deploys Google Cloud tools to enhance productivity in stores
Kroger framed its decision to invest in the technology Google is providing as a way to improve the shopping experience for customers who visit its stores by empowering associates with...
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There are only a few days left until the deadline for reporting the annual activities of non-state laboratories
January 31 is the final date for non-state laboratories to submit their annual activity report to Nébih. All of this applies equally to operational and service laboratories. The data is...
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The GVH launched an accelerated sectoral investigation on the milk market
The Economic Competition Authority has launched an accelerated sectoral investigation on the milk and milk product market. According to the organization’s suspicions, the restriction or distortion of competition may have...
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Several alcoholic products became cheaper despite inflation
According to the latest data from the KSH, a number of spirits have become cheaper than they were – Telex points out. In December 2022 the Unicum (0.5 liter) is...
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Fruit syrups caught in a crossfire
According to László Torbán, sales director of Szikrai Borászati Kft., economic recession, rising prices and the impact of the public health product tax (NETA) law drove the fruit syrup market...
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The Sodexo trial ended quietly, Hungary was very lucky
Back in 2012, the Hungarian state made it impossible for French cafeteria companies to use only the Szép card and the Erzsébet voucher, which is why the huge lawsuit initiated...
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European authorities warn of an Internet trap
The EU consumer protection authorities draw attention to a tricky practice in the online space: some companies secretly trick unsuspecting users into subscribing to their services. The Economic Competition Authority...
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The Children’s Nutrition Foundation is still waiting for food donations after Christmas
This year marks the thirtieth anniversary of the Children’s Nutrition Foundation (GYEA), which aims to support families living in difficult circumstances across the country. “December and the entire festive period...
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Zsófia Bánhegyi received a PRO PR GLOBE award
In accordance with the rules of the PRO PR GLOBE Awards, a total of 25 PR professionals from 12 countries won the 2022 PRO PR GLOBE Awards title after the...
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(HU) A Mondelēz szerint az infláció kevésbé befolyásolja a nassolást, mint az étkezést
Snacking is a daily staple as 71% of people around the world snack at least twice a day, Mondelez International found, with consumers doing it more during breakfast, lunch and...
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The Hungarian-Mexican cooperation also benefits companies producing GMO-free food
The domestic economy benefits a lot from the development of cooperation between Hungary and Mexico, many Hungarian companies were able to strengthen their presence on the market of the Latin...
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Ocado: Brits stocking up on fermented foods for 2023
Brits are stocking up on fermented foods such as kimchi, miso and kombucha, new sales data from online retailer Ocado has found. According to the research, searches for ‘fermented food’...
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Albert Heijn Strengthens Its Position As Dutch Market Leader
Retailer Albert Heijn opened 113 stores in the Netherlands and Belgium last year, consolidating its position as the Dutch market leader, new data from NielsenIQ has found. The Ahold Delhaize...
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Rules for preserving the productivity of our soils in the KAP
In the new EU support period between 2023 and 2027, the Common Agricultural Policy (KAP) offers Hungarian farmers a variety of options and choices – stated the State Secretary of...
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Domestic supplier relations are already threatened by the price cap
Retailers have started looking for cheap imports to reduce their losses on price-capped products. If this process continues, domestic food producers will suffer the greatest damage. “We have received more...
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Economist László Miklós: it is unlikely that the government will put an end to price cap
László Parragh, the president of MKIK, previously said in Egyenes Beszéd: he is negotiating with the government about the possibility of introducing a price cap. According to economist László Miklós,...
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Retail in the Metaverse: How the Metaverse Can Transform the Industry
For retail participants, the new business opportunities inherent in the metaverse clearly seem exciting. As the metaverse and the Web3 infrastructure that underpins it are constantly evolving, Deloitte’s experts have...
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E-commerce: the Czech and Slovak online stores win over the domestic ones
It is an inevitable step for Hungarian online stores to expand abroad – this was said at one of the presentations in the e-commerce hall of the Hungarian Marketing Festival....
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The 2023 budget was submitted to the parliament
The Ministry of Finance’s announcement, in which they write about the details of the decree amendment of the 2023 budget, emphasizes the protection of families and workplaces and the preservation...
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The price increase in the confectionery industry is brutal
The drastic increase in the price of confectionery raw materials has been incorporated into their prices one by one by the Swiss chocolate manufacturers, who are confident that munching on...
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