Market News
The State Secretary of the Ministry of Agriculture received a prestigious award
The Hungarian University of Agricultural and Life Sciences awarded the title of honorary associate professor to Zsolt Feldman, the State Secretary for Agriculture and Rural Development of the Ministry of...
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Can the lending boom continue next year?
The volume of retail loan agreements this year could even surpass the record year of 2021, if the growth rate experienced during the year persists until the end of the...
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Shoppers are prepared to look for the best deals – EY Christmas survey
The majority of shoppers are specifically looking for and waiting for holiday discounts, according to EY’s latest international research conducted with the participation of 13,000 consumers. The proportion of those...
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Misconception that only Generation Z lives on TikTok – the average age of Hungarian users is 38 years old
Social media has become an indispensable part of every generation’s lives, from news consumption to purchasing decisions, according to a joint study by Publicis Groupe CEE (Central and Eastern Europe)...
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Sándor Fazekas: Natural instead of everything free!
Natural instead of everything! is the title of a book by Sándor Fazekas, a former Minister of Agriculture and Member of Parliament (Fidesz), about the challenges and risks associated with...
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DairyX makes a breakthrough in dairy-free casein production
Israeli start-up DairyX Foods has made great progress in the production of dairy-free dairy products. This article is available for reading in Trade magazin 2024/11 The company has developed a...
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Co-op uses AI to fight GBP 40m losses in the UK
British supermarket chain Co-op is using AI technology to detect offenders carrying hidden weapons or stolen goods, after costs from theft and fraud rose by 19% to GBP 39.5m in...
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Microbiome 1 – Elements of a superorganism
Our bodies are home to billions of microorganisms, which are mostly found in the gastrointestinal tract (99%, which can weigh as much as 2-3kg). Estimation is that there are nearly...
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Let’s give 10,000 disadvantaged children a chance to read with understanding!
For many people, learning to read may be the only way out of deep poverty. According to United Way Hungary, it is not enough to put a book in a...
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Agrometeorology: Grain crops may strengthen in mild weather
At the beginning of next week, the rising wind will bring mild air to the Carpathian Basin, which will help the autumn grain crops that have sprouted late in many...
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TikTok Shop launches in Spain
TikTok Shop has launched in Spain today, according to various market observers and sellers on the platform. This marks the first country in continental Europe where TikTok users can shop...
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Plant-based brands risk losing consumer interest, says Flora exec
Flora Food Group marketing director Ian Hepburn has warned that plant-based brands need to prioritise taste and performance or run the risk of becoming too “niche” to consumers. Speaking to...
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Albertsons Terminates Merger With Kroger
Albertsons has terminated its $25-billion (€23.7 billion) merger agreement with Kroger after the US District Court in Oregon and the King County Superior Court for the State of Washington blocked the deal....
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Zalando acquires rival About You
Zalando is buying out its German competitor About You. Both platforms will continue to exist separately on the front end, but integrate behind the scenes (B2B). Zalando has launched a...
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Tesco expects biggest ever Christmas for no and low-alcohol
Tesco is expecting to see its biggest ever demand for low and no-alcohol drinks this Christmas. According to data from Tesco shared with The Mirror, shoppers are now purchasing no...
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The Christmas season is starting earlier and earlier: value for money is the key
This year, 40 percent of Hungarians brought their Christmas shopping forward, which clearly shows the continuous change in shopping habits. When choosing a gift, the main consideration is the price-value...
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They want it to be premium, but also sustainable – expectations of the youngest generation
GlobalData’s latest report, “Demographics in Retail and Apparel” – which drew conclusions from the responses of more than 6,000 young people in Germany, France, Spain, Italy, China and the US...
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In six months, consumers donated 100 million forints to charitable causes through the mandatory redemption system
Through the deposit bottle return system, which began six months ago and has become an integral part of everyday life, consumers are returning 5-6 million beverage packaging per day and...
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Company expectations: many employers plan to expand their workforce next year – Profession.hu
Domestic companies are preparing to recruit, and in many places they will also increase the necessary budget and the number of recruiting staff according to their current plans. Professionals primarily...
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Is crisis management really the most important skill in the business world?
In mid-November, at a conference on corporate digitalization, speakers presented case studies to show how the economic life of SMEs is evolving in the face of constantly changing trends, from...
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Zsolt Liptai became the winemaker of the year
The Hungarian Wine Academy (MBA) has awarded Zsolt Liptai, the chief winemaker of the Pannonhalma Archabbey, with the title of Wine Producer of the Year in Hungary 2024, the MBA...
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Small gas stations have taken a breather
Resolute action and mutual negotiation skills were needed to keep hundreds of small gas stations operating. With the help of their professional interest group VOSZ, they were able to convince...
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Tips for avoiding credit card fraud during the holiday season
The Christmas season is all about the joy of shopping, but fraudsters are also more active at this time. In the festive rush, we often buy in a hurry and...
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DélKerTÉSZ: record quantities of Hungarian vegetables in supermarkets
DélKerTÉSZ sold a record volume of Hungarian vegetables to domestic supermarket chains in the first eight months of 2024, and another milestone has also been reached: the Szentes-based producers are...
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Mondelēz Exploring Hershey Acquisition
Mondelēz International is exploring the acquisition of chocolate maker Hershey, Bloomberg News reported, citing people familiar with the matter, in what would create one of the world’s largest confectioners. Mondelēz,...
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Famous YouTube star donated the entire stock of an Edeka store in Berlin to those in need
MrBeast, one of the world’s most famous YouTube stars, has bought the entire stock of an Edeka store in Berlin and donated it to 15 local charity organisations. In his...
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Colruyt seeks expansion through drinks webshop Boir
Belgian retailer Colruyt Group opened a new webshop for drinks called Boir, aimed at an audience that drinks “less, but better” and looks for exclusive alternatives with or without alcohol....
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Anora Group’s expansion in the Baltic region
In order to strengthen its position in the Baltics, premium wine and spirits company Anora Group established Anora Lithuania on 13 November, with the headquarters in Vilnius. This article is...
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Prices rose by 3.7% in November
Following a 3.2% year-on-year increase in October, consumer prices in Hungary rose by an average of 3.7% in November. The latest figure is slightly higher than we expected, but in...
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KSH: in November consumer prices exceeded the same monthly values of the previous year by 3.7 percent
In November, consumer prices exceeded those of a year earlier by an average of 3.7 percent, and those of the previous month by 0.5 percent, the Central Statistical Office (KSH)...
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