Market News
NGM: in addition to the reduction of inflation and the increase in real wages, the development of retail trade also shows an increasingly hopeful picture
According to the data of the Central Statistical Office (KSH), in November 2023, the value of retail trade nominally reached HUF 1,602 billion, which means an increase of HUF 50...
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The current clothing industry is not sustainable, prices are coming
The EU is working on regulations that would oblige fashion companies to collect more used clothes or pay a fee for waste management. As part of this, the EU hopes...
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Csurran vagy cseppen?
A mosogatószerek és eszközök piacára is rányomta bélyegét az elmúlt időszak. A fogyasztók amellett, hogy keresik a gazdaságos, takarékos megoldásokat, próbálják a mosogatáshoz szükséges eszközöket is minél hosszabb ideig használni....
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In January, Sentix’s Eurozone investor sentiment index improved less than expected
The Eurozone investor sentiment index presented on Monday by the Sentix economic research institute improved less than analysts had expected. Sentix’s economic index, which reflects investor confidence in the euro...
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In the first 11 months of last year, retail sales in Romania increased by 2.2 percent
Retail sales in Romania increased by 2.2 percent in the first 11 months of 2023, the National Institute of Statistics (INS) announced on Monday. Between January 1 and November 30...
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Hard times
In the butter market, the situation returned to normal by the summer, with retail prices starting to decrease again. This article is available for reading in Trade magazin 2023/12-01 “In...
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Veganuary: many Hungarians sympathize with the meat-free diet
Compared to the 2022 results, more Hungarians pay attention to health-conscious nutrition, and 60 percent of them include one meat-free day in their week, which is increasingly motivated by health...
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Hungarians do not really have a sweet tooth in international terms
In European and Central Asian countries, there are significant differences in daily sugar consumption per capita, and the Hungarian population is certainly not one of the big sugar consumers. Based...
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Wheat and corn prices down by more than half in one year
According to AKI PÁIR data, the producer price of milling wheat in Hungary – excluding VAT and transport costs – was HUF 65,300/tonne in the second week of November (-53%...
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Important changes in relation to phytosanitary notifications
The form for phytosanitary notifications required by April 30 has been changed. Based on the relevant decree, producers have a notification obligation regarding phytosanitary tests. The content of the Notification form...
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The shortage of drivers is an increasingly serious problem
Last year was a challenging year for hauliers, where, in addition to the increase in costs due to high fuel prices and inflation, road freight also had to face a...
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Plain flour, fine flour, bread flour, pastry flour, rye flour…
The list can be continued almost indefinitely. We love it baked, boiled, mixed into cakes and scrambled eggs, sprinkled on top of freshly baked bread or on the kneading board. In...
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Private equity firm to purchase Horizon Organic, Wallaby from Danone
Platinum Equity is acquiring the Horizon Organic and Wallaby businesses from Danone SA, Paris. Terms of the agreement were not disclosed. Danone announced in January 2023 it was exploring strategic...
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IKEA and Electrolux products are late, cargo ships are avoiding Africa
Regular attacks by Houthi rebels in Yemen against merchant ships in the Red Sea have a serious impact on shipping. To avoid the Suez Canal, more and more cargo ships...
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Farmers can sow high-quality spring wheat seeds
Sufficient amounts of high-quality spring corn seed are available to farmers, according to the data of the Seed Association Trade Union and Product Council (VSZT). The organization is spring barley, spring...
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SZTNH: intellectual property protection receives spectacular subsidies
From January 1st, domestic small and medium-sized enterprises, universities, research centers or private individuals can use a 75 percent subsidy related to the patent process – the measure came into...
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EU to invest $55m in precision fermentation start-ups
The programme will aim to “improve the sustainability, efficiency and resilience of the European food supply chain”. The EU is set to invest €50m ($54.9m) next year to help precision...
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Poland’s Żabka Group Acquires Romanian Food Distributor DRIM Daniel
Polish retailer Żabka Group has acquired a majority stake in Romanian food distributor DRIM Daniel Distributie. Founded close to three decades ago, DRIM Daniel Distributie is a family-run Romanian company...
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Nébih provides assistance in preparing a risk management plan
Entrepreneurs authorized to issue plant passports must have effective plans for managing the risks posed by pests. Nébih’s specialists have prepared a guide for fulfilling the requirements and preparing the plans,...
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Motivációk a 21. században
A 20. század motivációi főleg a Maslow-piramis alapján születtek, amelyről kiderült, hogy a gazdasági életben nem igazán működik. A 21. század motivációinak kialakításához a fő felismerés az volt, hogy mindenki...
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The international food price index ended the year with a decrease
The international index of the price of food raw materials ended the year with a decrease, thanks mainly to sugar, reads the announcement of the Food and Agriculture Organization of...
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Consumer protection news: what to expect in 2024?
The past period has brought many legislative changes, especially in the area of consumer protection. Zoltán Marosi, co-head of DLA Piper Hungary’s competition law group, gathered the main legislative developments...
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Seven out of ten Hungarians see the key to a healthy diet in the consumption of vegetables and fruits, but more and more people would also give up meat
Compared to the 2022 results, more Hungarians pay attention to health-conscious nutrition, and 60 percent of them include one meat-free day in their week, which is increasingly motivated by health...
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Beverage bottles that can be returned in the new system are gradually appearing in stores
At more than 1,400 points nationwide, MOHU Mol Hulladékfászállógi Zrt. installed around 1,800 returnable machines by the beginning of January, the bottles, cans, and bottles with a logo indicating returnability...
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It is already mandatory to exchange the new, marked beverage packaging in stores – but the industry has not yet delivered this
In its press release of December 27, 2023, the National Trade Association already provided detailed information on the rules for customers regarding the mandatory return of various soft drink and...
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BMI: Slight expansion in December
The seasonally adjusted December value of the Purchasing Manager Index (BMI): 52.8. Compared with the previous December values, this year’s value is higher than the long-term average for this month...
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In the euro zone, inflation accelerated to 2.9 percent in December
Annual inflation in the euro zone accelerated to 2.9 percent in December from 2.4 percent in November, which was the lowest since June 2021, the EU’s statistical office, Eurostat, announced...
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2023 became the year of negative records in the company trend
Negative processes in the company trend in 2023. There are 12.2 thousand fewer social enterprises in the economy. The fewest annual company foundings in the past six years – 25.7...
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Winners of the HUNGAROPACK Hungarian Packaging Competition 2023
The National Association of Packaging and Materials Handling (CSAOSZ) has organised the 40th HUNGAROPACK Hungarian Packaging Competition in 2023. This article is available for reading in Trade magazin 2023/12-01 The main goal...
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Visa: Six trends from the world of payments to watch out for in 2024
The essence of the payment industry is continuous development, and 2024 promises to be the year of changes. A trend reversal is expected compared to recent years: the global expansion...
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