Market News
ISM: 50 years of sweets
ISM is the biggest annual trade fair for sweets and snacks in the world, which has been organised for 50 years. In 2020 Cologne hosted the event between 2 and...
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Coca-Cola buys dairy product company fairlife LLC
The Coca-Cola Company has announced that it has acquired a 100-percent stake in fairlife LLC, a Chicago-based manufacturer of value-added dairy products. Fairlife LLC started operations in 2012 with a high-protein milkshake,...
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Gruppo Selex invests 330 million euros in its stores in 2020
Italian retailer Gruppo Selex is going to invest EUR 330 million in opening new stores and remodelling existing supermarkets in the country next year. This budget will be used to...
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The 2020 Grüne Woche broke many records
Internationale Grüne Woche took place in Berlin between 17 and 26 January 2020. This year’s trade fair broke many records: on 129,000m² more than 1,800 exhibitors from72 countries showcased their...
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Amazon India enters into partnership with Future Retail
Amazon India is now an official sales channel of Future Retail stores, enabling the latter to reach a wider customer base. Future Retail currently has 1,500 stores, attracting over 350...
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Rema 1000 and Vallø Castle join forces
Norway’s Rema 1000 has announced a partnership with Vallø Castle for sourcing fresh organic eggs. The initiative is part of the retailer’s ’ground-to-table’ strategy that concentrates on offering special, locally produced...
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Lidl launches Ireland’s first 100-percent compostable bag for potatoes
Lidl Ireland has introduced the first fully compostable potato bag in the country, in cooperation with Meade Potato Company. The 2kg packs of Meade White Potatoes feature packaging made from...
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A top feeling
In 2020 economic growth was around 5 percent in Hungary, and this was one of the top growth rates in the EU. For 2020 GKI calculates with a 3-3.5 percent...
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Whole-Foods and Parmigiano Reggiano sign distribution deal
Italy’s Consorzio Parmigiano Reggiano has signed a distribution agreement with Whole Foods Markets, which is valid in the USA, Canada and the UK. The agreement – signed with the USA-based...
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Valio and Stora Enso trial wood-based biocomposite packaging
Valio and Stora Enso are going to distribute 10,000 wood fibre-based reusable lids made from a biocomposite, while encouraging consumers to reduce food waste. The reusable lids will be used...
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Lower wheat prices
In January the United States Department of Agriculture (USDA) published a forecast that says the world’s chicken production will increase by 4.5 percent to 103.5 million tons this year. According...
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Magazine: Modern wine sector management
Members agreed at the November meeting of the National Council of Wine Communities (HNT) that one of their main tasks in the previous four years had been reorganising the public...
Read moreThe foreign trade surplus last year was almost 5 billion euros
The value of exports in euro terms increased by 4.0 percent and imports rose 4.8 percent in 2019, and the foreign trade surplus fell by 4.985 billion euros to 535...
Read moreNAV found 27 million HUF worth tax-free cigarettes on the M3 motorway
About 27 million HUF worth tax-free cigarettes were found in a truck on the M3 motorway – the National Tax and Customs Administration (NAV) told MTI on Friday. According to...
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Allen & Overy: a decline in international mergers and acquisitions rates last year
The global Mergers and Acquisitions (M&A) market has seen a decline in international transactions, with investors focusing primarily on their own markets last year – the Hungarian partner of Allen...
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FAO: Food Price Index eases in October as dairy prices decline
Global food prices dipped in October, led lower by dairy products, averaging 27 percent below its all-time high reached in early 2011. The FAO Food Price Index averaged 176.4 points...
Read moreLegislation and subsidies help to increase irrigated areas
The new legislation, which came into effect in January 2020, provides an opportunity to expand irrigated areas in Hungary, for which simplified irrigation development plans can be made and farmers...
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FAO: world food prices continued to increase in January
World food prices have risen in January for the fourth consecutive month, this time mainly due to higher prices of vegetable oils, sugar and cereals. The January Food Price Index...
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Professional federation: the number of students opting for the agricultural engineering profession has increased
In five years, the number of students opting for the agricultural engineering profession has increased by 70 percent, most of them choosing an agricultural career because of competitive income, high-tech...
Read moreEY: Hungarian companies have a lot to do because of Brexit
Hungarian firms have a lot to do with Brexit, with the UK’s exit from the EU. It will most affect the issue of customs and VAT, says EY in a...
Read moreRetail sales in the Czech Republic increased by 4.8 percent last year
Retail sales in the Czech Republic rose 4.8 percent last year, the Czech Statistical Office (CSÚ) said in a statement on Wednesday in Prague. Retail sales growth has been steady...
Read moreRomanian retail sales increased by 7.2 percent last year
Romanian retail sales grew 7.2 percent last year – the Romanian National Institute of Statistics announced oon Wednesday. The increase was mainly due to non-food sales, of which sales increased...
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Israeli scientists plant date palms from two thousand year old seeds in Israel
Israeli scientists planted six date palm trees from the seed from Jesus’ age. Professionals hope to be able to grow a date palm on male-female seeds found in the Judean...
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Euro area private sector’s growth accelerated slightly in January
The year started stronger in the euro area private sector, with economic growth slightly accelerating in January – according to IHS Markit’s Purchasing Manager Indexes. The Eurozone Composite Purchasing Manager...
Read moreUS Import Duties – China halves additional duty on certain US products
China will cut customs duties on certain US products by half – the Chinese state news agency sannounced in a statement Thursday. The measure, which will take effect on February...
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The launch of the new iPhone may delay due to the corona virus
In recent days, a growing number of experts believe that the global role of the Chinese supply companies in the global supply chain will affect the coronavirus companies – mfor.hu...
Read moreKSH: retail sales increased by six percent last year
Retail sales grew by six percent in 2019, according to both raw and calendar-effect adjusted data, after the 6.7 percent of the previous year – the Central Statistical Office announced...
Read moreNielsen: we spent 2.5 trillion HUF in retail in 2019
Hungarians spent nearly 2,500 billion forints in 17,000 business units in 2019, which is a 7 percent increase, compared to the 2018 total annual sales. Sales volume increased by about...
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MNB: household debt increased by 15.6 percent in 2019
Households’ loans increased by 957 billion HUF from last year’s 338 billion HUF to 7,107 billion HUF at the end of last year. It is 15.6 percent higher than a...
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