Market News
KPMG: AI is no longer just knocking on the door, it has knocked it down
The experts of KPMG Hungary, which is 35 years old this year, summarized the digital trends of the future and how companies can successfully connect to them in connection with...
Read more
Euro zone inflation slowed down in June
In line with analysts’ expectations, annual inflation slowed in the euro area in June, according to preliminary data published on Tuesday by Eurostat, the statistical office of the European Union....
Read more
The OKSZ is optimistic about the introduction of mandatory promotions
Since the first of July, mandatory store promotions, which had been a prescribed practice for retailers for certain products, have been abolished in Hungary. At the same time, the last...
Read more
MAGYAR TERMÉK Nonprofit Kft. signed a cooperation agreement with the Office of Education
MAGYAR TERMÉK Nonprofit Kft. signed a cooperation agreement with the Office of Education, so Magyar Product and its trademark system will be part of the public education curriculum. This cooperation...
Read more
BCSDH’s “Leaders of the Future” talent program was the winner of the Stimulation of Sustainable Transition award category in the national round of the European Business Development Award
The Hungarian Business Council for Sustainable Development (BCSDH) with its “Future Leaders” talent program won first place in the “Encouraging sustainable transition” category in the national round of the European...
Read more
The EU authorizes the use of genetically modified corn as food and feed
The European Commission has authorized the use of two varieties of genetically modified corn as food and feed, the Brussels body announced on Tuesday. The commission’s authorization decision allows these...
Read more
Nébih: 3 out of 27 gins did not meet the requirements
In the comparative examination of the product test of the Süpermenta program, 27 gins were analyzed, of which 3 did not meet the legal requirements based on the food quality...
Read more
Melon season is getting longer and longer
In retail, the melon season is being postponed more and more, say Auchan experts. From the beginning of April to the end of September, the department stores sell melons. At...
Read more
Focus on ESG: what is double materiality?
The widespread adoption of sustainability measures and ESG policies is creating new challenges for companies. Under the Sustainability Act (Act 108 of 2023) and the EU’s Corporate Sustainability Reporting Directive...
Read more
Profession.hu: The season of casual jobs has started
The beginning of the season of casual jobs can be dated to the end of spring: from the second half of May, job advertisements recruiting for this type of assignment...
Read more
Discounted food prices will remain in Lidl for the benefit of customers
Discounted prices and promotions will continue to be available in Lidl Hungary stores. Although according to the decision of the Ministry of National Economy, domestic supermarket chains are no longer...
Read more
World’s biggest dairy company rolls out plant-based brand
Lactalis has launched a new plant-based brand called “Enjoy!”. The France-based company came out with the new product range in Canada. This article is available for reading in Trade magazin...
Read more
Never before have so many agricultural investments in irrigation development received support
Due to the changed climatic conditions, all irrigation development projects that farmers want to implement have received support from the Ministry of Agriculture, Minister of Agriculture István Nagy announced on...
Read more
Billa, Penny, Shell Team Up To Expand EV Charging Infrastructure In Czechia
Billa, Penny and Shell have entered into a strategic partnership in Czechia that will see the companies supporting the development of electric vehicle charging facilities. The partners will construct public...
Read more
PepsiCo experiments with Smart Cans, AI tech to improve personalization
PepsiCo this year used Cannes Lion to preview new experiments that meld marketing, design and technology, with a focus on leveling up personalization. The marketer showed off a new AI...
Read more
The EU authorizes the use of genetically modified corn as food and feed
The European Commission has authorized the use of two varieties of genetically modified corn as food and feed, the Brussels body announced on Tuesday. The commission’s authorization decision allows these...
Read more
Environmental Concerns Prompting Consumers To Switch Diets
A sizeable number of consumers that are changing what they eat say they are doing so for environmental reasons, a study by the Marine Stewardship Council (MSC) has found. The...
Read more
A Hungarian development enables cost-effective rabbit meat production
The digital development of the University of Veterinary Medicine and Tetrabbit Kft. makes cost-effective rabbit meat production possible, the university told MTI on Monday. The my-rabbit.eu IT system supervises the...
Read more
Mandatory promotions are over: the industry received the news mixed
As of July 1, 2024, the government has abolished the mandatory promotion for grocery stores, which was introduced on June 1, 2023 in order to curb price increases. The rate...
Read more
KSH: The volume of exports of food, beverages and tobacco increased by 35 percent, while the volume of imports increased by 10 percent
In April 2024, the volume of exports was 13, and that of imports exceeded the previous year by 2.5 percent. The asset amounted to 1.7 billion euros, the balance improved...
Read more
BMI: Slight contraction in June
The seasonally adjusted June value of the Purchasing Manager Index (BMI): 49.4. Compared to the previous June values, this year’s value is lower than the long-term average for this month...
Read more
Many shops suffer from labor shortages during the summer season
This summer, too, there is a great need for labor in department stores, not only in the shops of settlements around beaches and lakes, but also in Budapest. Many large...
Read more
Company managers are afraid of the difficulties of the green transition
In the absence of a sustainability strategy and concrete carbon footprint reduction plans, the majority of Hungarian companies are not yet prepared for the green transition, according to the research...
Read more
Saving food for people in need
The fundraising campaign of the Hungarian Food Bank Association delivered a record 139 tonnes of food to nearly 28,000 people in need. This article is available for reading in Trade...
Read more
The Living Bread – Telex’s new film
Bread has been one of our most basic foods for centuries, and its main ingredient, flour, appears in many forms in our everyday life. However, modern food production often contains...
Read more
German inflation slowed in June, but food prices are still rising
Inflation in Germany slowed down in June, according to the Monday report of the German Federal Statistical Office, Destatis, based on preliminary data. In June, the consumer price index exceeded...
Read more
Poor Brazilian harvest makes orange juice even more expensive
Brazil is the world’s largest orange juice producer and the country has recently forecasted: the quantity harvested may decrease by around 25% in the 2024-2025 season. This article is available...
Read more
The free trade agreement between China and Serbia entered into force
The free trade agreement between China and Serbia entered into force on Monday, thanks to which around 20,000 products will become duty-free. The agreement was signed in October 2023 and...
Read more
All seasonal fruits are cheaper than they were at this time last year
According to the report of the Institute of Agricultural Economics, seasonal fruits are cheaper compared to last year, and the majority of vegetables did not increase in price based on...
Read more
EM: from Monday, a two-level procedure can help in environmental protection authority cases
The goal of the government is to protect Hungary’s natural values and resources, as well as greening the economy and strengthening its circular operation; in order to further strengthen the...
Read more
