Market News
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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Majority of young people think bank cards can retire now
According to the latest K&H youth index survey, in Q2 2024 72% of 19-29 year olds thought paying with their smartphone or smart watch was just as secure as a...
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AI regulation enters into force
On 1 August the European Union’s regulation on artificial intelligence, the AI Act entered into force. This article is available for reading in Trade magazin 2024/8-9 The AI Act is...
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Nébih asks winemakers to be careful about must gas
The harvest season has begun, winemakers must pay attention to the dangers of must gas formation in their cellars, the National Food Chain Safety Office (Nébih) told MTI on Wednesday....
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These 4 IT challenges are worth paying attention to in 2024
Companies quickly adapt IT solutions that are developing at breakneck speed, but the same can be said less about the higher education sector. According to the TOPdesk expert, IT professionals...
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Poultry slaughter increased by 11.9 percent in the first half of the year
118.5 million pieces of poultry were slaughtered in the first half of 2024, 11.9 percent more than in the same period of the previous year. The live weight of slaughtered...
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Nearly 40% of online shoppers make monthly returns
Nearly four-in-10 consumers return an item they purchased online at least once a month, according to a new survey. Post-purchase intelligence platform Narvar’s 8th annual State of Returns Report found...
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Pingo Doce introduces eco-friendly, reusable bread bags
Portuguese retail chain Pingo Doce has launched 100% cotton reusable bread bags made in Portugal. The move is part of Pingo Doce’s commitment to minimise single-use packaging and promote a...
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Delhaize Serbia Expands Logistics Network With New Distribution Centre
Delhaize Serbia has consolidated its supply chain capabilities by opening a new distribution centre in Dobanovci. The state-of-the-art facility, located within VGP Park Belgrade, spans across 42,000 square metres and...
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Lidl shows resilience against Biedronka and Dino
Lidl has taken the lead in revenue growth on same sales areas among Polish top grocers. For the first time the German discounter’s like-for-like figures exceed those of grocery market...
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The joint project of Nébih and MATE has ended: the National Laboratory of Agricultural Technology
The development of the National Laboratory of Agricultural Technology in cooperation with the National Food Chain Safety Office (Nébih) and the Hungarian University of Agriculture and Life Sciences (MATE) has...
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Little change in the GKI economic sentiment index in July
According to a survey conducted by GKI Economic Research with support from the European Union, neither the outlook for the business sector nor for the population changed significantly in July...
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The expansion of a Ferrero plant in Germany is given the green light
The Italian confectionery group has received official approval to build a new production hall at its site in Stadtallendorf. The €170 million investment is intended to “ensure the long-term viability...
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Fertilizer prices fell by almost 37 percent on average
Fertilizer distributors sold 789,000 tons of fertilizer directly to agricultural producers in the first half of 2024. Although the volume sold was 38.7 percent higher, due to the 36.9 percent...
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GKI: Is domestic consumption weak?
Some domestic economists are looking for explanations for the anomaly called the “consumption puzzle” by the Minister of National Economy. In other words: why does this year’s strong real wage...
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The domestic and EU pork sector faces difficult years: what can be expected in the future?
The domestic and European pork industry has been struggling with serious challenges for years. Rising purchase prices, falling consumption, and the change in the social perception of the sector all...
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Growing transactions: electronic payments gained new momentum in the second quarter of 2024
After the seasonal decline experienced in the first quarter of the year, the turnover of POS terminals and the number of completed transactions started to increase again in the second...
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This could be the antidote to the declining Hungarian beer consumption
Beer consumption has shown a decreasing trend in Hungary in recent years, but at the same time, quality has come to the fore and consumers can choose from a never-before-seen...
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The price of olive oil rises dramatically: counterfeiting and stock shortages are breaking records
The world market price of olive oil has more than doubled in the past two years, thanks to production difficulties caused by extreme weather. However, in addition to the rising...
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foodora: There is no cucumber season in the food order
Vacations, school breaks and heatwaves also affect the consumption habits of Hungarians. Our daily routine of avoiding the heat is also reflected in our food ordering habits. The compilation of...
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Hungary is at the forefront of ultra fast fashion
Ultra fast fashion companies are increasingly dominating the fashion industry thanks to their amazing technological background and quick response. In contrast to traditional fashion industry models, where designers work based...
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Ivory Coast increases support for cocoa exporters: 500,000 tons are targeted
The government of Côte d’Ivoire is taking a major step to support local cocoa exporters to increase their competitiveness in international markets. The world’s largest cocoa producer has produced an...
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We know how young people drank this summer: in the spirit of fair play and responsible drinking
Of course, there are those who think it’s “to a small extent medicine, to a large extent medicine”, or who “drink for a week, exercise for a week”, but the...
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K&K Magazine: Apply for the 2024 publication of the most successful Hungarian businesses!
K&K Magazin is also publishing its book The Most Successful Hungarian Enterprises this year, which presents the stories of the country’s most outstanding companies. The publication will be published in...
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The harvest starts earlier: we can expect a weaker apple yield in Hungary this year
This year, the harvest can start earlier than ever before in domestic apple orchards, especially in Hungary’s largest growing region, the county of Szabolcs-Szatmár-Bereg, where the purchase of fresh apples...
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The blockade of the port by climate activists protesting against ocean cruise tourism causes hundreds of thousands of euros in damage
The Extinction Rebellion (XR) climate protection group’s blockade against cruise ships in the port city of IJmuiden leading to Amsterdam could cause up to 800,000 euros (315 million forints) of...
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Hungary is also threatened by the appearance of the Japanese beetle, which is native to Asia, as a closed-end pest
The Japanese beetle (Popillia japonica), native to Asia, may also appear in our country. The closed-loop pest is already present in neighboring Slovenia. It can cause enormous damage, especially in...
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Gáborné Pölöskei: in agriculture, it is particularly important to train specialists who respond well to changes
In the field of agriculture, it is particularly important to train specialists who respond well to the changes taking place in the world – said the deputy state secretary responsible...
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The export of live pigs increased by 38 percent
According to KSH data, Hungary’s live pig export increased by 38.7 percent to 14.7 thousand tons in January-May 2024 compared to the amount in January-May 2023. The main partners were...
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MNB: the monetary council did not change the base interest rate
The Monetary Council of the Magyar Nemzeti Bank (MNB) did not change the base interest rate at its meeting on Tuesday, which is unchanged at 6.75 percent, neither did the...
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