Market News
The fight against food waste continues
The Hungarian government has taken numerous measures in recent years to reduce food waste, emphasized Anikó Raisz, State Secretary for the Environment and Circular Economy at the Ministry of Energy...
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The bank card may be retired: the missing puzzle piece has been added to the digital banking table
K&H Bank has introduced NFC technology at all its ATMs, which allows its customers to withdraw or deposit cash without a card, using their smartphone. This digital innovation opens a...
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Asda scraps Aldi and Lidl price match
Asda has axed its Aldi and Lidl price match initiative after a mere 12 months, as it focuses on its own “great prices” rather than competitors. The supermarket giant published...
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New Marketing and Corporate Communications Manager at KÉSZ Group
Károly Benedikt has joined KÉSZ Group, one of the most innovative, technology-driven construction groups, as Marketing and Corporate Communications Director. The professional has nearly 20 years of professional experience and...
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Agrometeorology: frosts will return next week
After the mild weather of spring, night frosts will return next week – wrote HungaroMet Zrt. in its agrometeorological analysis on Thursday. They wrote that the weather has softened significantly...
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Picnic continues French expansion
Dutch online supermarket Picnic continues its growth in the Paris region, adding 185,000 households to its delivery network. The retailer wants to provide home delivery to the whole Paris region before...
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Half of Hungarians don’t like their jobs
Half of Hungarian employees would change jobs within two years, according to a survey by Erste. Many are not really satisfied with their jobs, and every second employee feels that...
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Nearly €6 Billion in GDPR Fines Since 2018
According to the latest DLA Piper report in 2024, EU data protection authorities imposed €1.2 billion in fines for the violation of GDPR rules, bringing it to a total of...
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Nestlé to stop selling vegan KitKat
The Swiss giant launched KitKat V four years ago. Nestlé has decided to pull its vegan KitKat from multiple markets, citing falling demand. The Swiss giant launched KitKat V in...
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Generali launches its “Lifelong Partnership 27: on the path to excellence” strategy
Generali Group launches a new three-year strategy called “Lifelong Partnership 27: on the path to excellence”, which sets ambitious growth targets and sustainable financial development for 2025-2027. Financial targets and...
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The National Chamber of Agriculture and Rural Development (NAK) has published a new publication to help you navigate the land turnover rules
The National Chamber of Agriculture and Rural Development (NAK) has published a new, comprehensive publication summarizing the land turnover rules. The publication, available on the NAK website, contains all amendments...
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Munch saved 1,700 tons of food in 2024
The Munch food rescue app has been a key player in Hungarian and Central and Eastern European sustainable initiatives for nearly five years. The recently published Sustainability Report reveals that...
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Barnabás Virág: continued disciplined anti-inflation policy is justified
Global investor sentiment has been characterized by a high degree of uncertainty and volatility since the December interest rate decision, and a disciplined, anti-inflationary and cautious monetary policy is still...
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NGM: the government pays special attention to the development of the prices of milk and dairy products
The government is paying special attention to the development of the prices of milk and dairy products, and has also consulted with the Dairy Products Council – the Ministry of...
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NAV has spoken out regarding the revenue from bottle returns
Many people have asked whether the income from bottle returns should be taxed. The National Tax and Customs Administration (NAV) has now given a clear answer: no. According to official...
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KPMG: Artificial intelligence in finance is changing the rules of the game
Artificial intelligence is gaining ground in the financial sector – more than seventy percent of companies use it to some extent in their financial processes. Moreover, the proportion is expected...
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Tens of thousands of domestic companies must comply with ESG rules this year
According to the ESG Act, this year only listed companies and next year all other large companies must prepare sustainability reports. However, the information in the reports must also cover...
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Sustainable catering is at the heart of the 10th Catering Chef Competition
For the tenth time, institutional and workplace catering players can compete in the Public Catering Chef Competition (KÖSZ). Applications for the gastronomic competition can be submitted until April 30, 2025,...
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Million-dollar donation for sustainability: Popular online supermarket supports national tree planting program
Kifli.hu donated more than 100 Nordmann pine trees with a ground ball to the 10 Million Trees Foundation. The donation is worth over one million forints. At least 100 institutions...
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Healthy eating is becoming more expensive
The latest study by the Food Foundation has shown that the price of healthy food has risen twice as fast as that of unhealthy alternatives in the past two years....
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Butter and margarine brands: the force is with them
Both margarine and butter sales have decreased recently, albeit slower than before. This article is available for reading in Trade magazin 2024/12-01 The volume ratio of the two categories is...
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What would happen if TikTok was banned in Hungary?
The TikTok ban in the United States is a warning sign for Hungarian small and medium-sized businesses (SMEs), especially in light of the fact that the video-based social media platform...
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Spielwarenmesse recognises outstanding innovations with highly coveted ToyAward
Day 2 of the Spielwarenmesse started off in celebratory mood as six particularly innovative product ideas were honoured with the highly coveted ToyAward on the Wednesday of the fair. In...
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Sz. Variáns from Debrecen is at the forefront of packaging technology
2024 was an extremely eventful and professionally successful year for Sz.Variánts, as János Szakál, the company’s managing owner, was nominated for the Ernst & Young “Businessman of the Year” award....
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GVH-ÖRT workshop: Focus on preliminary compliance!
The Self-Regulatory Advertising Board (ÖRT) held a workshop for its members on the experiences of the 2024 competition authority procedures in cooperation with the Hungarian Competition Authority (GVH). At the...
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Hungarian pharmacies in a changing situation
The situation of pharmacies in Hungary deserves serious attention, as the sector has been affected by numerous changes in recent years. According to the 2024 report of the Association of...
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K&H: A rain of money is expected, but it doesn’t matter where the money ends up
Over the past five years, the number of SME bank accounts at K&H has increased by nearly 8 percent, to more than 118 thousand. At the financial institution, businesses can...
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Lidl opens its largest logistics hub in Europe
Lidl has opened the doors of its new flagship logistics hub in Ablis, southwest of Paris. Covering 87,000 sqm, it is the largest of its kind in Europe. The new logistics...
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97% Of Portuguese Prefer Physical Stores, 22% Shop Online, Study Finds
Despite 22% of Portuguese consumers now shopping online, physical stores remain overwhelmingly popular, with 97% preferring the channel. A new study by In-Store Media and Nielsen revealed increased spending both...
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Young People Believe Everything AI Says
Almost all Gen Z youths use artificial intelligence (AI), but most of them fail to recognize when AI “hallucinates” and provides incorrect answers, according to a survey conducted by EY,...
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