Market News
Viktor Orbán is also upset about the price increases
Enough is enough, we will put an end to unjustified price increases – the prime minister announced on his social media page on Tuesday. In a video shared on his...
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Price Cap on 30 Essential Food Products: Government’s Strategy to Curb Inflation
The Hungarian government has announced another price control measure in the food sector. On Tuesday, Prime Minister Viktor Orbán revealed that, starting in mid-March, a price cap will be imposed...
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The OKSZ Takes a Stand on the Margin Cap Regulation
Regarding the government’s proposed price regulation measure, the National Trade Association (OKSZ) believes that competition-based pricing is the most effective way to preserve and strengthen consumers’ purchasing power while achieving...
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NGM: we are fighting against unjustified price increases
The government is constantly working to make families’ money worth more and to be able to manage more. The government is therefore monitoring the development of prices, especially food prices,...
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Another unpleasant inflation surprise
Despite the expected slight slowdown, inflation continued to rise in February, according to data published this morning by the Hungarian Central Statistical Office (KSH). Consumer prices rose by 0.8 percent...
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Brand fraud by country – this is what the law says about dual food quality
The issue of dual food quality has received increasing attention in recent years in the European Union and Hungary. With the change in legal regulations and the strengthening of consumer...
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Helia-D development team participates in prestigious international research project
Hungary’s iconic cosmetics brand, Helia-D, has been invited to participate in a prestigious, multi-year international research project that is pioneering sustainable industrial innovation. As the sole representative of the Hungarian...
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The renaissance of the beetroot: a superfood in the kitchen and garden
Beetroot has been growing in popularity in recent years, thanks to its versatility and outstanding health benefits. This easy-to-grow root vegetable is grown in an increasing area in our country...
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Consumers mainly use generative AI to search for products
Generative AI is more and more popular among shoppers who would like to see a stronger presence for the technology in their shopping experience. This article is available for reading...
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Consumers want AI labelling on food packaging
According to a recent survey, commissioned by Ingredient Communications and conducted by SurveyGoo in the UK and US in October 2024, 83% of consumers are of the opinion that labels...
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Solar panels installed in greenhouses can make crop production more efficient
A solar panel product line is being jointly developed by Terrán Roof Tile Manufacturer Ltd., Solar Napelem Ltd. and the University of Pécs (PTE) as part of a project that...
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Inflation in the Czech Republic decreased in February
Annual inflation in the Czech Republic fell to 2.7 percent in February from 2.8 percent in January, the Czech Statistical Office announced on Tuesday in Prague. The decrease was primarily...
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LG’s new air conditioner uses artificial intelligence to analyze user habits
LG has introduced its new ARTCOOL™ AI Air cooling and heating air conditioner. The elegantly designed residential air conditioner uses artificial intelligence to analyze user habits to provide personalized operation...
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Self-heating plant-based food box wins innovation award
Students from the Royal Melbourne Institute of Technology in Australia and Wageningen University in the Netherlands have won the top prize in the 2024 ProVeg Food Innovation Challenge, with a...
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(HU) Újratölthető pohárvisszaváltó automatákat telepítettek a berlini Rewe üzletekbe
Deutsche Umwelthilfe (DUH) and partners have launched a new pilot programme in Berlin to enable the automatic return of refillable cups. In the first phase, reverse vending machines have been...
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(HU) Európából látja el Kanadát a Lindt, hogy elkerülje a vámokat
Swiss chocolate maker Lindt & Sprüngli will supply chocolate to Canada made in Europe to avoid Canadian tariffs imposed to counter the higher US customs duties imposed by President Donald...
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Snoop Dogg Bets Big on Functional Beverages with Iconic Tonics
Entertainment icon and entrepreneur Snoop Dogg today announced a strategic investment and partnership with Harmony Craft Beverages. Together, they are launching Iconic Tonics, a new leader in premium functional beverage...
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Fruit juice market under pressure
Life in the fruit juice category is made more difficult by the surge in raw material and packaging material prices, as well as rising labour and logistics costs. This article...
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FAO food price index rose in February
The global food commodity index rose in February, driven by higher prices for sugar, dairy products and vegetable oils, the Food and Agriculture Organization of the United Nations (FAO) said....
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Thanks to developments, the competitiveness of field vegetable production has increased
The pace of development of domestic vegetable growing has not slowed down in recent years, thanks to support schemes and favorable credit opportunities, modern developments have been implemented in the...
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Strong brands bathed in milk
Consumers are used to strong brands in the dairy snack category, and they expect and value the quality guarantees that brands offer. This makes the category more resistant to external...
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NAK working group would launch a survey on the market of exempt products
The National Chamber of Agriculture is launching a complex survey on the market of exempt products. The Market Research subgroup established within the NAK Exempt working group aims to map...
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GKI analysis: Hungarians will receive more than a trillion forints
In recent months, the Premium Hungarian Government Bond (PMÁP) has become one of the most dominant investment instruments in the retail savings market. In a high-inflation environment, investor confidence remains...
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UN Statistical Commission adopts new global indicator to measure diverse diets
The Food and Agriculture Organization of the United Nations (FAO) and the United Nations Children’s Fund (UNICEF) have jointly developed a new Sustainable Development Goal indicator measuring minimum dietary diversity...
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Sándor Demján Program – Is it really effective support for the SME sector or a state crutch?
Hungarian small and medium-sized enterprises (SMEs) play a significant role in the functioning of the economy, employing around 70% of the workforce, while their GDP contribution still lags behind that...
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A global winemaking alliance – introducing The Global AVA international organization
The Livermore Valley Wine Community in California announced the formation of The Global AVA, or the Global Artisan Vintners Alliance, on February 26, 2025. Nine prominent wine regions from around...
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Borsodi Brewery and Hydro Fehérvár AV19 became Sports Marketing Ambassadors of the Year
On Wednesday, March 5, the Sportmarketing Diamond Awards, founded by the Sports Marketing Section of the Hungarian Marketing Association, were presented at the DIGITAL FORUM. The special marketing professional award...
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Useful information and content about foot and mouth disease – in brief
Foot-and-mouth disease, which has already appeared in Hungary, is a highly contagious viral disease that affects even-toed ungulates (such as cattle, pigs, sheep, goats and some game). Although it does...
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NAK- FruitVeB: the competitiveness of greenhouse vegetable production has increased
In recent years, thanks to support schemes and favorable credit opportunities, modern developments have been implemented in the field of greenhouse vegetable production. As a result of the investments, the...
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SPAR Group: growing acceptance for AI in retail
AI is conquering the world of retail and both shoppers and retailers are positive about the benefits it can bring, according to recent survey conducted by the SPAR Group in...
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