Market News
Retail sales in the United States stagnated in January
Sales of automotive, fuel and construction products, as well as retail sales excluding hospitality, stagnated in the United States in January, compared with December, when they recorded a 0.2 percent...
Read more
Online FMCG sales: A small share expanding rapidly
According to the Nielsen Shopper Trends survey, 18 percent of shoppers said at the end of 2018 that they had already purchased groceries online (this rate was 2 percentage points...
Read moreKSH consumer prices rose 4.7 percent in January
Consumer prices were on average 4.7 percent higher in January than a year before – the Central Statistical Office (KSH) announced on Thursday. Consumer prices rose to a greater extent...
Read more
The Hungarian advertising market is expected to grow by 7 percent this year
The Hungarian advertising market is expected to grow by 7 percent this year, mainly due to the competitive sector, as 2020 is expected to be a quieter period for political...
Read moreLast year, the GVH imposed a fine of more than 8 billion HUF
Last year, the Hungarian Competition Authority imposed a fine of 8.3 billion HUF. Fines for restrictive practices approach 3.4 billion HUF, and consumer protection fines reach nearly 4.9 billion HUF...
Read moreEU forecasts: the European economy will show stable but subdued growth over the next two years
According to the European Commission’s (EC) winter economic forecast, the European economy is on a path of steady but moderate growth over the next two years, with job creation and...
Read moreConsumer prices accelerated in Germany
Consumer prices in Germany rose at an accelerating pace. The German Federal Bureau of Statistics (Destatis) said in its final release on Thursday that consumer prices in January increased by...
Read moreEverything you want to know about milk consumption
The Milk Product Board has launched its school education campaign to promote the consumption of milk and to show the positive physiological effects of milk to children. According to experts,...
Read more
HEPA has created a complete value chain to support start-ups in the foreign market
Another five members have joined the Startup Campus (SC) Hungary Powered by Hepa Program, which supports the launch of Hungarian startup companies. The twelve domestic participants involved in this initiative...
Read more
Valentine’s Day – sweetly sugar free
We don’t have to give up on sweet taste and sugar on a romantic Valentine’s Day date – but moderation is very important. Fruits and sweeteners can be of great...
Read more
Nébih recalled tomato chips were from traffic
Due to the sulfur-containing additive, the LOLO tomato veggie snack tomato chips have been recalled from the market by the National Food Chain Safety Authority (Nébih). According to information published...
Read more
Slovak cattle breeders give up caging
Slovak egg producers today have agreed to abandon cage-laying and switch to alternative technologies from 2030, according to an agreement with the Minister of Agriculture and merchants, – magyarnemzet.hu wrote....
Read more
The packaging should tell you if the food can be consumed
Due to the expiration date on the packages, we do not always know whether the packaged food is still edible – origo wrote. Meals can often last for days or...
Read more
These industries are very hard hit by the corona virus
The effects of the Chinese coronavirus are now felt worldwide, but there are companies and industries that are particularly uncomfortable with the economic consequences of the disease – origo wrote....
Read moreTwo-digit wage growth in Romania
The Romanian average net wage was 13 percent higher in December last year – the Romanian National Institute of Statistics announced on Tuesday. Inflation-adjusted real wages increased by 8.6 percent...
Read moreEU on alert as report warns of bankruptcies across bloc
The end of the EU transition period at the end of the year is set to have detrimental consequences for EU member states, according to a report by insurance company...
Read moreThe agricultural ministry is developing a strategic plan for the use of the CAP
The Ministry of Agriculture has begun to develop a strategic plan for the support system for the period 2021-2027, which will include the framework, directions and justifications for the utilization...
Read more
YES! – for advertising self-regulation and the relationship with CSR
Professional thinking about CSR often leaves out the question of ethical marketing and commitment to ethical advertising. Can you really be called socially responsible if your advertising is not ethical?...
Read more
Household food security is encouraged by the Nébih campaign
This year, the National Food Chain Safety Authority (NABIH) draws the attention to the importance of household food safety and food hygiene – Nébih told MTI on Monday. The program...
Read more
The Nébih recalled a sesame oil product from Singapore
The National Food Chain Safety Authority (Nébih) has recalled the Oh Aik Guan sesame oil product, – the authority told MTI on Tuesday. According to the information, Nébih received an...
Read moreThe price of pork increased significantly in China
In China, pork prices rose 116 percent in January, compared to a year before. According to the Chinese Bureau of Statistics, the rise in prices contributed to the 20.6 percent...
Read moreEuropean Commission: EU excise duty on tobacco products has not contributed to reducing consumption
The EU minimum excise duty on tobacco products did not contribute to discouraging consumption, although the current rules work well for the predictability and stability of Member States’ budget revenues,...
Read moreUnemployment rate is unchanged in the OECD member countries
Unemployment remained unchanged in December, with unemployment averaging 5.1 percent in OECD member countries. According to the OECD website, there were 32 million 563,000 unemployed in the OECD area in...
Read more
Magazine: Consumer perception of innovations
In the 2nd quarter of 2019 nominal value sales were up 7.7 percent from the level of the 1st quarter. The market share of discount supermarkets reached 28 percent –...
Read more
New managing director for FÉSZ
As of 1 January 2020 Attila Vörös is the new managing director of the Federation of Responsible Food Manufacturers (FÉSZ). Mr Vörös earned a degree in economics at Corvinus University...
Read more
New business model in e-commerce
Webshippy launched a new service in 2020, called Dropshippy. Drop shipping is a business model, in which a retailer can operate an online shop without keeping goods in stock or...
Read more
More digital information in the agri-food sector too
On 12 February the Hungarian Chamber of Agriculture (NAK) hosted a conference at Szent István University in Gödöllő, titled ‘Digital Information Services and Technological Development’. Experts talked about 5G, IoT,...
Read more
Auchan makes French operations simpler
Auchan has announced 677 redundancies, which is about 17 percent of the total number of workers at its head office. The redundancies are part of a plan to save EUR...
Read more