Market News
KSH: in the second quarter of 2024, according to raw data, the performance of the economy exceeded the same period of the previous year by 1.5 percent
The volume of Hungary’s gross domestic product in the second quarter of 2024 exceeded the same period of the previous year by 1.5 percent based on raw data, and 1.3...
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The summer food chain inspection ended with positive experiences
The summer seasonal food chain inspection ended with favorable experiences, a small proportion of the investigations ended with fines and punishments, said the deputy state secretary for food industry and...
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Right now it is hard to tell the future from coffee grounds
If we take a look at the last 12-month period measured – between June 2023 and May 2024 – two market researchers (using different methodologies) have found a minimal decline...
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György Raskó: there won’t be enough apples even for domestic consumption
This year, significantly fewer apples will be harvested in Hungary than last year: the harvest will decrease by around 150,000 tons, which portends serious supply problems. The domestic harvest will...
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Smart rainwater management may be the latest trend
Rainwater is a treasure. This is also the opinion of the Hungarian professionals interviewed by Wavin, and almost every second architect, facility operator, and city manager believes that the demand...
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An important change is coming, companies should prepare now – the EU regulation on digital accessibility will enter into force in 2025
While the majority of companies are burning with the fever of artificial intelligence-based developments, the concept of digital equal opportunities continues to be pushed into the background, even though nearly...
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Asda stops testing refill stations
Asda will discontinue testing its refill stations, citing challenges in the current form of the initiative’s operation. This article is available for reading in Trade magazin 2024/8-9 Cost, convenience, cleanliness...
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NAK also provides assistance to its members in land matters
The National Chamber of Agrarian Economy (NAK) pays special attention to tasks related to land issues. Members can also contact the chamber’s experts with questions about land matters, who provide...
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Aldi Nord Launches New Campaign To Promote Freshness
Discounter Aldi Nord has announced the launch of a new campaign, entitled So einfach geht Frische (Freshness is so easy), which seeks to promote the fresh products available in its...
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Serbia government launches food, drink price cuts
Belgrade said the cuts on products ranging from fruit and veg to coffee will last until the end of October. Serbia has announced the prices of more than 80 food...
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Ornamental horticulture will continue to be a stable and prominent product field in the future
The situation of the ornamental horticulture sector is stable, and in the medium term it contains significant growth potential – said Sándor Farkas, the Deputy Minister of the Ministry of...
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Pernod Ricard acquires minority stake in Lewis Hamilton’s alternative spirits brand
Absolut Vodka owner Pernod Ricard has acquired a minority stake in Almave, a super premium non-alcoholic blue agave-based spirit brand co-founded by seven-time Formula One world champion Lewis Hamilton. Almave,...
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The price of fodder corn rose by 16 percent
The European Union’s corn harvest will not be abundant in 2024, currently around 60 million tons are indicated, which would be 4 percent lower than the year before and 5...
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Once again, the Milk Product Council carried out comprehensive research
The goal of the Dairy Association and Product Council is to get more Hungarian cheese into domestic households, therefore the 2024/2025. focused on the promotion of Hungarian cheeses in its...
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From the point of view of food chain safety, this summer’s experiences are favorable
The summer seasonal food chain inspection was successfully completed. During the two-month series of inspections, the food chain supervision specialists examined around 1,200 units and almost 1,500 product batches in...
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New nutrition guide for preschoolers: Introducing the CHILDREN’S SMART PLATE®
The National Association of Hungarian Dietitians (MDOSZ) has developed a supplemental nutrition guide for 4-6 year olds. The purpose of the new CHILDREN’S OKOSTÁNYÉR® is to promote the development of...
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KSH: The volume of exports of food, beverages and tobacco increased by 8.2 percent, while the volume of imports decreased by 4.0 percent
In June 2024, the volume of exports was 8.1 percent, and that of imports was 5.2 percent less than in the same period of the previous year. The asset amounted...
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BMI: Permanent shrinkage in August
The seasonally adjusted August value of the Purchasing Manager Index (BMI): 47.6. Compared with the previous August values, this year’s value is lower than the long-term average for this month...
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The European olive oil market is in crisis: counterfeiting has broken a record, and production has dropped dramatically
The number of cases related to the adulteration of olive oil in the European Union increased to an unprecedented extent at the beginning of this year. While only fifteen cases...
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The BioTechUSA group of companies has become the official sports nutritional supplement global partner of the legendary Spanish team, FC Barcelona
The BioTechUSA company group has entered into a multi-year collaboration, which is unique in the region and on the market, with FC Barcelona, one of the clubs with the oldest...
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Shopping tourism may increase due to Romanian food price restrictions
The Romanian government is considering new measures to curb food prices. The Department of Agriculture is currently working on an emergency regulation that would limit food margins to 20 percent....
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A Belgian-Hungarian company is starting the development of more than 15,000 square meters of real estate near Budapest
In August 2024, the Alsónémedi project will enter a new phase, when the foundation stone of the 4th phase of construction will be laid. The investment with an excellent location...
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A significant decline is expected in this year’s apple harvest in Hungary
This year, the amount of the domestic apple harvest may decrease significantly, about 150,000 tons less apples can be harvested than last year, Népszava reports, based on the summary of...
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Interest in vocational training is growing
On the afternoon of September 2, the Vocational Training Center of Heves County organized a festive opening event. Gáborné Pölöskei, the deputy state secretary responsible for vocational training at the...
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Are the drug and dietary supplement vending machines coming?
The soon-to-be widely available medicine vending machines, which are currently operating on an experimental basis at two locations, could completely transform the Hungarian pharmaceutical and drugstore market. According to IMG...
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Greenwashing wouldn’t be enough today
According to the Consumer Goods Sustainability Report 2024 by Accenture, 85% of FMCG companies have sped up their sustainability efforts in response to changing consumer demands and regulatory pressure. This...
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More than 4,000 people start their studies in agricultural vocational training
3,532 students have enrolled in agricultural vocational training institutions for the 2024-2025 academic year, 4,200 will start their studies in this field together with those participating in adult education, the...
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UK: electric vehicle charging payment in the Lidl Plus app
Lidl GB becomes the first UK supermarket to integrate payment for charging electric vehicles (EVs) into its rewards app. As the latest development in the Lidl Plus programme, customers using...
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In August, the rate of increase in consumer prices slowed down in the euro area
In August, the rate of increase in the consumer price index slowed down in the euro zone to the extent expected by analysts, based on the preliminary estimate presented by...
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KSH: industrial producer prices in July increased by 2.5 percent compared to a year earlier and by 0.7 percent compared to the previous month
In July, industrial producer prices were on average 2.5 percent higher than a year earlier. The prices of domestic sales increased by 1.4 percent and those of export sales by...
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