Market News
Environmental disaster in Volos: hundreds of thousands of fish carcasses in the port
A major environmental disaster unfolded in the city of Volos, Greece, after hundreds of thousands of dead fish littered the harbor. The authorities immediately began collecting the bodies to avoid...
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Bonduelle plans France, Germany salad business disposals
The group is in talks with two potential buyers over its respective businesses. Fruit-and-veg major Bonduelle plans to offload its packaged salads businesses in France and Germany. Bonduelle said today...
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Italy Leverages AI To Combat Counterfeiting Of Prosecco
Italian Mint (Istituto Poligrafico e Zecca Dello Stato) has joined forces with Microsoft Italia to combat the counterfeiting of renowned Italian sparkling wines, starting with Prosecco. The partnership will leverage...
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Organic sales increase at Penny in Germany
Discount supermarket Penny has increased its organic sales by nearly 20% in 2023. The retailer plans to further expand its organic range by 2025. The discounter is launching a promotion...
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We regard Hungarian gray cattle with respect and esteem
A priority goal is to improve and develop the competitiveness of livestock farms, as well as to support the survival of protected native and endangered animal breeds – stated Minister...
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Mixed results in the market for cherries, apricots and peaches
The national average of the cherry harvest was 22.8 percent lower than last year, amounting to 5.4 tons per hectare. While only 1.9 tons of cherries were grown per hectare...
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Lidl Sverige sells fruit and vegetables grown to classical music
Lidl aims to gain the favor of Swedish consumers through an unusual cooperation with the Royal Stockholm Philharmonic Orchestra. In the next two months the discounter will sell produce grown...
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Practical training at the Hungarian University of Agricultural and Life Sciences is renewed
The integration of university companies and organizational units serving practical education and research has been completed, and MATE Tanggazdaság Nonprofit Kft. was established as of August 1, 2024. The newly...
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Real wages may continue to rise in the SME sector
Employees of domestic micro, small and medium-sized enterprises can also count on salary increases above inflation and cafeteria allowances. Based on the latest data from the K&H SME confidence index...
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Starting school with lactose-free delicacies
The new school year will soon begin, which in many cases also means stress for parents. In addition to the procurement of school supplies, accessories and solving logistics, the selection...
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A degree does not equal a high salary and easy employment
The 2024-25 academic year will start soon: many new graduates already started looking for a job in August, while university students who want to work only appear on the labor...
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In Russia, retail sales slowed down
In Russia, the annual growth of retail sales slowed for the fifth month in July, while the expansion of industrial production accelerated and unemployment stagnated at a historic low. According...
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The Minister of National Economy orders an extraordinary consumer protection investigation at the airlines
The National Economy Ministry (NGM), which is responsible for consumer protection, will take decisive action against airlines that commit violations in the interest of the full eradication of the problems...
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Nébih: the mints were excellent at Szupermenta
A total of ten pot mints intended for direct consumption were examined in the latest test of Süpermenta. The product test ended with a reassuring result, all mints met the...
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SPAR Austria Introduces Multi-Coloured Electronic Shelf Labels
SPAR Austria has introduced multi-coloured electronic shelf labels (ESL) as it seeks to offer customers a modern and convenient shopping experience. The SPAR start-up market in Kufstein and the EUROSPAR...
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Capri-Sun is considering to return to plastic straws in Germany
Juice drink manufacturer Capri-Sun is considering alternatives to paper straws due to customer dissatisfaction. The company plans to apply for a derogation from the Commission. Capri-Sun, a Swiss-based manufacturer producing...
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Gen Z more likely to buy holiday gifts via social media
Instagram and Facebook are forecast to be the most popular platforms for gift purchases during the season. Gen Z has been buying items via social media for some time now, according...
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The government stands by the farmers in all situations
The government stands by the farmers in all situations, with whom it constantly strives to dialogue – said the parliamentary state secretary of the Ministry of Agriculture in Debrecen on...
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With innovation for a sustainable future in the Hungarian wine industry
It is of the utmost importance for the wine industry to adapt to changes and continuously develop its technological tools – said Dr. Márton Nobilis, State Secretary of the Ministry...
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Secret tips that can make our household appliances last longer
When we buy a new household appliance, we tend to start using it based on our habits, the well-established routine, or our intuition, ignoring the manufacturer’s request that we read...
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The hour of instant answers
This article is available for reading in Trade magazin 2024/8-9 In a constantly restructuring market, one of the biggest achievements of the Hungarian Food Bank Association is that it has...
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Mandatory action: the Ministry of National Economy takes action against retail chains that apply unfair price increases
The government measures introduced to protect families, such as food price caps, mandatory special offers, and the online price monitoring system, have proven to be effective in breaking down sanctioned...
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Economic sentiment improved in the EU and the Eurozone in August
In August, the economic sentiment index in the Eurozone and the European Union improved compared to the previous month, according to a survey presented on Thursday by the European Commission’s...
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GVH is also investigating the pricing practice revealed by NGM
The Economic Competition Authority (GVH) will examine the pricing practice revealed and indicated by the Ministry of National Economy (NGM) as part of a complaint procedure, the supporting evidence and...
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We can also offer the value of returned drink packaging for charitable purposes
The mandatory deposit return system (DRS) went live in Hungary on July 1st, and it can already show serious results. Customers not only have a coupon that can be redeemed...
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It is misleading to base economic development only on consumption
The one-sided use of consumption indicators, which are often used to measure economic development, can be misleading, especially if sustainability aspects are ignored, the Index article points out. Eurostat’s indicator...
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Five reasons why you should start the school year with honey!
School bag, pencil holder, textbooks and notebooks. This might be a tick on every parent’s list, but what else could be needed during the school year? Honey is also one...
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Vinted was not the only one screwed by consumer protection
There are a number of digital platforms operating in the European Union, often with a similar structure but operated by different market players. In the case of new actors, information...
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The start of school places a significant burden on parents: the turnover of pawnshops also increases during this period
The new school year will start soon, so many families spend part of their August income on school supplies and school bags. Enrollment in school places a significant burden on...
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The proportion of people living in independent households has increased significantly
63 percent of young Hungarians live in independent households, which is a particularly high proportion compared to the data of the last decade. However, what are the plans of the...
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