Market News
Magazine: Is there a straight road leading to the circular economy?
The Federation of Hungarian Food Industries (ÉFOSZ) celebrated its 30th anniversary by changing its name to Federation of Responsible Food Manufacturers (FÉSZ). They did this to symbolically reinforce the fact the...
Read moreNagy István: The support of agricultural investments is expanding
A new interest subsidy facility and an expanded guarantee program will boost agricultural investment – the Minister of Agriculture announced in Budapest. Nagy István said that the ministry will provide...
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Nébih found deficiencies in markings on ketchups
Minor or major labeling deficiencies have been found by the National Food Chain Safety Authority (Nébih) on ketchups, while the products have passed the tests in terms of food safety...
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Resistant seeds will become more sought after due to climate change
Although Hungarian farmers are still looking primarily for plant varieties with higher yields and good quality, in the long run, demand may shift towards seeds that are more tolerant of...
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Less ambitious investor sentiment in Germany and in the euro area
Compared to August, investor sentiment in Germany and the euro area was less pessimistic in September – according to a survey released on Tuesday by the Mannheim-based ZEW Economic Research...
Read moreFive thousand boxes of cigarettes were found in a German license plate truck
Five thousand boxes of cigarettes were found in the chassis of a German license plate truck by the finance officers of NAV, during an inspection on the Vas County section...
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Dietitian: in addition to vegetables and fruits, we also need animal protein
About one-quarter of the daily diet should be animal protein – Antal Emese, a nutritionist told M1 news channel. The dietitian said that the recommendation was to consume four to...
Read moreConsumer sentiment improved in the United States in September
Consumer sentiment improved in the United States in September – according to the monthly survey of the University of Michigan – indicating that despite increasing uncertainty, consumers are optimistic and...
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Magazine: Flours for cakes and other baked goods
The end of the year represents a high season in the flour market too. Ákos Ferenczik, marketing manager of GoodMills Magyarország Kft. told our magazine that sales of cake flours...
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Amazon Fresh debuts in India
Amazon India has launched its fresh grocery delivery business in India. Operating under the Amazon Fresh banner, Indian shoppers now have access to more than 5,000 items in categories such...
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Reverse vending machines are successful in Iceland stores
In five Iceland stores the retailer has recycled more than 1 million plastic bottles since May 2018 via five reverse vending machines. The machines issue 10-penny vouchers to shoppers in exchange...
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Online retail sales exceeded 200 billion forints in the first six months
Like-for-like online retail sales jumped 16.4 percent in the first half of 2019 and represented a value of HUF 207.5 billion. Interestingly, despite this record sum the sector is expanding slower...
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European cooperation for cashless payment
Mastercard and mobile Point of Sale (mPOS) solutions company SumUp intend to increase the number of points where bank card payment is possible in Europe in the next 5 years. Ferenc...
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It takes two at the end of the year
In the December period logistics partners can provide quality service if the retailers give them good estimations for the expected number of parcels, and if they prepare the parcels for...
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Growing popularity of private label products all over Europe
According to recently published data from the Private Label Manufacturers Association (PLMA), the market share of private label (PL) products is 30 percent on average in the 19 European countries...
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Special new chewing gums from Chocco Garden
Chocco Garden Kft. launches a functional chewing gum product line. Central Europe’s only chewing gum producer will put 4 types of Prevent functional chewing gums on the market at the end...
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Már elnyerhető a Kiváló Termék és az ÖKOlogikus jelölés
A termékek kiválóságát és a környezetbarátságát tanúsító új védjegyeket hozott létre a hazai eredetet igazoló legismertebb védjegyrendszert működtető Magyar Termék Nonprofit Kft. Benedek Eszter ügyvezető a szeptember végi sajtótájékoztatón...
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New products in the Tesco Organic line
In September Tesco added 6 new organic products to its private label selection, which now also features, chia seeds, quinoa, goji berries, linseeds, coconut flour and coconut flower sugar. Customers...
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Fido Dido is back
Fido Dido, the iconic cartoon character of the 1990s has returned. 7UP was 90 years old in July and celebrated the occasion by bringing back the popular Fido Dido. He is...
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Bulldog Gin pushes forward in Hungary too
One of the world’s most popular and famous premium gins is now also available in Hungarian bars and shops: Coca-Cola HBC Magyarország launched Bulldog Gin at the end of August....
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790,000 cans of food for people in need
Bonduelle Central Europe Kft. and the Hungarian Food Bank Association donated 790,000 canned food products in the value of HUF 246 million to people in need. The 221 tons of food...
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A gluten-free life for 80 billion forints a year
Gluten-free groceries had a 4-percent share in total grocery sales between July 2018 and June 2019. Gluten-free foods were sold in the value of almost HUF 80 billion. Dóra Hajnal,...
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Europe is slowing down, but we aren’t
Like-for-like retail sales augmented by 3.4 percent in Europe in the 2nd quarter of 2019. The sales growth in this period was 7.7 percent in Hungary – this was the...
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The Ministry of Agriculture helps the competitiveness of Hungarian livestock farmers with subsidies
The Ministry of Agriculture (AM) also provides subsidies to Hungarian livestock farmers to help the sector cope with strong international competition – the Ministry announced on Friday. According to the...
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MNB: card payments ratio continued to expand in the second quarter
The infrastructure of card payments and the rate of card payments also expanded in the second quarter of this year -the National Bank of Hungary (MNB) announced on its website...
Read moreMadosz: the quality of tobacco is better than last year
The quality of the tobacco produced this season is expected to be better than last year, and the quantity will be good as well – the president of the National...
Read moreAfrican Swine Fever: pig breeders can get free disinfectants
Pig farmers can get free disinfectants from their veterinarian – the National Food Chain Safety Agency (Nebih) has published on its website. In a statement, the agency stressed that it...
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The University of Pécs terminates the purchase of PET bottled beverages
The University of Pécs (PTE) terminates its supply of plastic, PET-bottled water and beverages – the institute announced on Monday. It is reported that the leadership of PTE – as...
Read moreNAV draws attention to the marketing conditions of new types of tobacco products
“Smoke-free” alternatives to smoking, such as refillable electronic cigarettes or heating devices containing real tobacco but at a much lower temperature than conventional cigarettes, are also spreading in Hungary –...
Read moreRetail sales in the United States grew faster than expected
Retail and hospitality sales in the United States expanded at a higher rate than expected for the sixth consecutive month, indicating that the steadily rising consumer spending is likely to...
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