Market News
Berlin was also conquered by the Republic Group with the BrandFestival
For the first time in its history, the BrandFestival took place in Berlin, the cultural capital of Europe, and made its debut on the international scene with spectacular success. The...
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Daniella Kft. and Lumenet Kft. respond to the region’s dynamic e-commerce growth with a strategic partnership
Daniella Kft. and Lumenet Kft. have entered into a new strategic partnership to jointly enter the dynamically growing Romanian e-commerce market. The cooperation between the two market-leading companies has reached...
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The winner of the joint design competition between Wienerberger and MOME has been announced
The joint design competition of Wienerberger Hungary and the Moholy-Nagy University of Arts (MOME) has been successfully concluded. The goal of the competition with a total prize of nearly HUF...
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Lidl Spain To Implement Nutri-Score On All Products by 2026
Lidl Spain is reinforcing its commitment to consumer health by pledging to implement the Nutri-Score labelling system on all its products by 2026. This system, which uses a colour-coded scale...
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Shoppers buy more spontaneously and pay less attention to promotions
German consumers’ shopping habits changed in the summer of 2024: they paid less attention to promotions and made more spontaneous purchases than in autumn 2023. According to a new study...
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Coca-Cola plans to invest $1 billion in Nigeria operations
Coca-Cola plans to invest $1 billion in its Nigeria operations over the next five years, the country’s presidency said after a meeting between President Bola Tinubu and senior executives of...
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Nébih: Mömax recalled a potato masher
Due to the release of primary aromatic amines, Mömax is recalling the potato masher – CLASSIC product – the National Food Chain Safety Office (Nébih) informed MTI. The office asks...
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Personalized education in the online space? With artificial intelligence, this will soon be possible
Codecool revolutionizes and makes digital education more efficient with its new platform based on artificial intelligence. One of the leading digital skills training players in East Central Europe is developing...
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Light at the end of the tunnel
We can finally see the light at the end of the tunnel, said Nenad Pacek, founder and president of Global Success Advisors and EMEA Business Group when talking about global...
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Anikó Raisz: Hungary is doing its best to prepare the EU for environmental challenge
During Hungary’s presidency of the Council of the European Union, it will do everything possible to ensure that the European Union is as well prepared as possible for environmental challenges,...
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FAO food price index mostly unchanged in July
A recent report from the Food and Agriculture Organisation of the United Nations (FAO) reveals: in July the world index of food commodities was practically unchanged for the second month...
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Laboratory foie gras: authorization of the first laboratory protein product in the European Union is imminent
The European Commission has received a license application for the first protein product produced under laboratory conditions. A French startup, Gourmey, has applied to market its lab-grown foie gras product...
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Heineken Ireland acquires the rights to distribute Molson Coors beer brands in Ireland
Heineken Ireland has agreed to acquire the distribution rights for the Molson Coors beer brands in Ireland. Prior to the agreement Heineken Ireland already held the distribution rights for Coors...
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The wealth of the richest people may explode in a way that is hard to grasp with common sense
Tremendous amounts of money will pour into private bank accounts in the next five years, the size of managed assets will exceed HUF 20,000 billion by 2028 after 8,575 billion...
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Chemicals used in food packaging are cause for concern: carcinogens have been found
A new study draws attention to the potential health risks of chemicals used in food packaging, Pénzcentrum reported following CNN. According to the research, there are nearly 200 chemicals used...
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New method to reduce alcohol consumption in Britain: tsmaller portions of beer
British researchers propose a new way to curb alcohol consumption: introducing smaller portions instead of the traditional pint-sized beer. In an experiment conducted in a dozen restaurants in England, the...
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Violife adds new plant-based sandwich toppings to its portfolio
Violife has rolled out 100% plant-based sandwich toppings in Hungary under its Viodeli sub-brand, as an alternative to animal-based cold cuts. This article is available for reading in Trade magazin...
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The ifo German business sentiment index deteriorated in September
Due to the deteriorating perception of the current situation, the September German business sentiment index of the ifo economic research institute was significantly below expectations. According to the ifo Institute...
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PM: the government is again keeping the level of the deficit on a moderate path
With the measures taken this spring, the government improved the scope of the budget by more than HUF 1,000 billion. In the months following the decisions made, the budget ended...
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The world leader in technology would establish new biogas plants in Hungary within a few years
Our country’s National Energy and Climate Plan – in line with the objectives of the European Union – assigns a much greater role to biogas than before in order to...
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The detailed domestic report of the Randstad Workmonitor research has been published
The Randstad Workmonitor 2024 report sheds light on the transformation of the Hungarian labor market, especially with regard to factors such as work-life balance, the need for flexibility, and employee...
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Nestlé Purina invests £150 million for UK factory upgrade
Set to finish by early 2025, the upgrade in Wisbech includes new technology and machinery for production lines as well as initiatives to enhance energy efficiency and reduce carbon emissions....
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Exports of live pigs and pork also increased
According to KSH data, Hungary’s live pig exports increased by 27.2 percent to 16.4 thousand tons in January-June 2024 compared to the January-June 2023 amount. The main partners were Romania,...
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MBH Investment Bank currency analysis: the forint may strengthen in the short term
According to the latest analysis of the MBH Investment Bank, the Hungarian forint may gradually strengthen against the euro for the rest of the year. The analysis team used the...
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Aldi and Schwarz Group raise the bar for sustainable retail operations
German discounters commit to Net Zero by 2050. Aldi Süd and Schwarz Group want to reach carbon neutrality across their entire value chain, including suppliers. The ambitious goal sets a...
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Spanish Regional Chains Outperform National Competitors
The Spanish grocery market is showing signs of stabilisation after five years of upheaval caused by the pandemic, inflation, and supply chain disruptions. According to Kantar, the top four chains...
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Administration has become a political issue in agriculture
Administrative issues such as the amendment of strategic plans or the various annual performance reports and unit costs have such a direct impact on the lives of agricultural producers that...
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Here’s what consumers want from online grocers
A new survey reveals the types of features and services that draw shoppers to online grocery retailers. According to the results of a recent poll of 1,000 U.S.-based adults about...
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The price of chicken breast is 11 percent lower than a year ago
Based on data from the KSH, Hungary’s poultry meat exports increased by 2.5 percent to 106,000 tons in the first six months of 2024 compared to the same period in...
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Significant wage growth in Hungary: in July 2024, earnings continued to grow
According to the latest data from the Central Statistical Office (KSH), in July 2024, the gross average earnings of full-time workers rose to HUF 636,700, while the net average earnings...
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