Market News
Sustainable festival philosophy at the Paloznak Jazz Picnic
There is a small Hild prize-winning settlement in the Balaton highlands: Paloznak. This fairytale place becomes the capital of jazz for three days in the summer, and thousands of people...
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“I deleted the internet” – 7+1 funny stories about IT customer service
Almost every IT professional has funny (and not so funny) stories about bugs reported by colleagues. We’ve heard of someone mistaking a disk drive for a cup holder, and we’ve...
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The producer price of lamb increased by 20 percent
According to data from the European Commission, the European Union’s sheep and goat imports (live animals and meat) were 56.4 thousand tons in January-April 2024, which means a decrease of...
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The village farmer network has been serving farmers for thirty years
Village farmers have been helping domestic farmers for thirty years. NAK’s network of village farmers operates nationwide with about a thousand customer service points, with this year’s expansion the number...
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‘TikTok Shop gears up for launch in Ireland and Spain’
TikTok Shop is reportedly set to launch in Ireland and Spain in October, with other European countries following next year. TikTok, the international subsidiary of Chinese company ByteDance, launched TikTok...
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Lidl fights to regain price leadership in Lithuania
Lidl is struggling to regain momentum in Lithuania. Last year, the Schwarz discounter posted the lowest revenue growth among the country’s top food retailers. The abolition of paper leaflets in...
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Carrefour Streamlines Romanian Operations Through Merger
Carrefour Romania is simplifying its business structure by merging five companies it operates into a single entity. This unified company will be able to negotiate better deals with suppliers, distributors,...
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Many tenders continue to help potato producers
Potatoes are the third most popular food worldwide, after rice and wheat, and are a staple in the diet of billions of people. It is also a staple food that...
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DS Smith Reduces Greenhouse Gas Emissions By Close To A Fifth
Packaging firm DS Smith has announced it has reduced its greenhouse gas emissions by close to a fifth (19%) compared to a 2019/20 base year. The company made the announcement...
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The processing sales price of chicken breast fillets is 12 percent lower than a year ago
According to data from the European Commission, poultry meat exports from the EU (EU27) increased by 12 percent to almost 690,000 tons between January and April 2024 compared to the...
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This may be the reason for the (temporarily?) low domestic consumption
The standard of living and consumption of Hungarian households has been among the lowest in the European Union for years. While Hungarian consumption showed a significant increase in the 1990s,...
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Domestic beer consumption is drastically decreasing
Serious changes can be observed in the domestic beer market: although the decrease in consumption does not spare this sector either, there is an increasing demand for quality beers. This...
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Domestic vegetable and fruit production is in danger
It’s a good time to know that Hungary can be a huge loser from climate change, and the severe droughts of recent years often show this. The first victims have...
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GVH and the Self-Regulatory Advertising Board have confirmed their cooperation
In order to avoid unfair commercial practices and to make the system of prior compliance more widely known and applied, the Economic Competition Authority (GVH) and the Self-regulating Advertising Board...
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Labor shortages and logistical challenges make it difficult for courier services to operate
The growing popularity of online shopping has presented significant challenges to delivery companies, especially during the summer holidays. According to the modern trade union Egyenlő.hu, more and more customers are...
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Profession.hu: Almost half of the women did not return to their original workplace after maternity leave
Parents – and especially women – have to fulfill a number of social roles, which are often associated with conflicting expectations. The task of raising children is primarily attributed to...
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There can be a difference of up to HUF 1,800 between ice creams in Budapest
You can find a difference of up to HUF 1,800 between ice cream shops in Budapest, which clearly shows the wide range of ice cream available in the capital. However,...
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The pharmaceutical industry is on the move: already in the EU every third new medicine requires special refrigeration
More and more medicines that require special cooling are produced. This is also due to the rise of biological medicines, which play an increasingly important role compared to traditional chemically...
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They are still looking for beginner programmers, the recording market is now the digitizing SME sector
Although Codecool has felt the reduction in the number of staff at the multis, as Hungary’s leading programming school, they are still able to place a large number of professionals...
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Too Good To Go now offers a home delivery service for excess food in Germany
Too Good To Go now offers home delivery of surplus food parcels. The company buys food that would no longer be sold in traditional stores. The packages include goods from...
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PepsiCo Completes €93m Investment In Romanian Warehouse
Beverage and snacking giant PepsiCo has opened an automated warehouse at its snacks factory in Popești-Leordeni, Romania, investing €92.6 million since 2022. The investment saw the addition of three new...
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Iceland posts record profits as £1 range sales soar
Iceland Foods hit record profit last year as cash-strapped shoppers embraced its £1 value range. The frozen food retailer told bondholders last week that in the year to 29 March,...
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It is not healthy to always eat the same thing for breakfast and dinner
Eating the same diet every day in the morning and in the evening can be a convenient and time-saving solution, but is it really healthy in the long run? According...
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There are mixed opinions regarding the quality of Hungarian education
The announcement of admission results is approaching, so future freshmen will soon be able to gain their own experience of the quality of Hungarian higher education. Until then, they can...
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Drought is not the main problem of the food industry, but unpredictability
Climate change poses increasingly serious challenges to agricultural production worldwide, and it seems that climate disruption will become the most serious problem in the coming decades. Weather extremes, temperature increases,...
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There are many problems with MoHu’s vending machines: the company responded to the problems
For a month, only plastic bottles and aluminum cans with a deposit fee can be put on the market in Hungary, however, the redemption system is still struggling with many...
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An increase in the price of flour is inevitable
According to Zoltán Lakatos, the president of the grain processing department of the Grain Association, a price increase in the mill industry will be inevitable this year. The president believes...
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Donation of 5 million kilos: solidarity in a sustainable way
Five years ago, the Magyar Élelmiszerbank Egyesület last managed to save and donate as much expired and defective food to the needy as it did in the first half of...
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Sweet corn cultivation in Hungary: the heat is a problem
Sweet corn is currently grown on 24,000-25,000 hectares in Hungary, 90 percent of which is irrigated. However, due to the hot weather of the past few days, the harvest is...
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Expanding FinTech sector in Hungary: digital development continues to improve
The Hungarian FinTech sector shows continuous growth, there are currently more than 200 active FinTech companies operating in our country. For the fifth time, the Magyar Nemzeti Bank (MNB) has...
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