Market News
A Hungarian manufactory won a gastronomic Oscar with its cinnamon-apple snail
The Bonbonier Chocolate Manufaktúra bakery won a star at the Great Taste Awards, also known as the gastronomic Oscar, with its snails rolled in puff pastry, made with caramelized cinnamon...
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Tank beer is becoming more and more popular here
Tank beer, which has a strong tradition among the Czechs, is already available in several places in Budapest, which provides an exceptional consumer experience in terms of its aroma, flavor...
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The melon consumption promotion campaign has started
Hungarian melons appeared in stores and markets earlier than usual, already at the end of June, and it is expected that the popular summer fruit will be available until the...
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iBanFirst analysis: What is the risk of the devaluation of the dollar and its impact on Hungarian companies interested in international trade
Donald Trump, J.D. Vance, along with his vice presidential candidate, has repeatedly expressed his opposition to the strong US dollar, advocating its devaluation in order to boost US exports and...
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German inflation accelerated in July
Inflation in Germany accelerated in July, according to a Tuesday report based on preliminary data by the German Federal Statistical Office, Destatis. In July, the consumer price index was 2.3...
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Olive oil fraud ‘at record high in EU’
There were reportedly 50 potential cases in the first three months of this year, compared to just 15 in the first quarter of 2018. The Guardian newspaper, citing data released...
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Campari warns of impact of bad weather, agave contracts on margin
Italian spirits group Campari warned that its ability to expand gross margin this year would likely be impacted by “some temporary headwinds” after its first-half adjusted operating profit rose 2.1%...
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Groupe Casino Renews Partnership With TotalEnergies In France
Groupe Casino has extended its partnership with TotalEnergies in France for five years, effective 1 October 2024. The partnership between Casino and TotalEnergies dates back more than 20 years and...
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The average yield of apricots is outstanding
Among the fruits, cherry picking showed 99.7 percent readiness on July 16. The national average decreased by about 20 percent compared to last year, and was 5.3 tons/hectare. The yield...
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Márton Nagy: a “peace budget” is needed to restart the economy
Economic growth in the second quarter was lower than preliminary expectations, which can be attributed to external factors. The fundamentals of the Hungarian economy are stable and strong, the rebound...
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The economic mood in the EU and the euro area barely changed in July
The economic sentiment index in the euro area and the European Union barely changed in July compared to the previous month, according to a survey of the European Commission’s Directorate...
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What can the forint expect?
For now, there is no need to rewrite the Hungarian interest rate path, the base rate is expected to drop to 6.25 percent by the end of the year, and...
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K&H: the application of AI is not an end in itself, but the key to success
Hungarian medium-sized and large companies have lagged somewhat behind world trends in the application of AI, according to research by the K&H innovation index. “The disadvantage is not insurmountable, but...
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A new QR code instant payment solution will be launched from September
From September, a new QR-code instant payment solution will be available in Hungary. The innovative service is developed by SimplePay, which is based on a unified qvik QR code, deeplink...
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Sustainable festival philosophy at the Paloznak Jazz Picnic
There is a small Hild prize-winning settlement in the Balaton highlands: Paloznak. This fairytale place becomes the capital of jazz for three days in the summer, and thousands of people...
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“I deleted the internet” – 7+1 funny stories about IT customer service
Almost every IT professional has funny (and not so funny) stories about bugs reported by colleagues. We’ve heard of someone mistaking a disk drive for a cup holder, and we’ve...
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The producer price of lamb increased by 20 percent
According to data from the European Commission, the European Union’s sheep and goat imports (live animals and meat) were 56.4 thousand tons in January-April 2024, which means a decrease of...
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The village farmer network has been serving farmers for thirty years
Village farmers have been helping domestic farmers for thirty years. NAK’s network of village farmers operates nationwide with about a thousand customer service points, with this year’s expansion the number...
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‘TikTok Shop gears up for launch in Ireland and Spain’
TikTok Shop is reportedly set to launch in Ireland and Spain in October, with other European countries following next year. TikTok, the international subsidiary of Chinese company ByteDance, launched TikTok...
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Lidl fights to regain price leadership in Lithuania
Lidl is struggling to regain momentum in Lithuania. Last year, the Schwarz discounter posted the lowest revenue growth among the country’s top food retailers. The abolition of paper leaflets in...
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Carrefour Streamlines Romanian Operations Through Merger
Carrefour Romania is simplifying its business structure by merging five companies it operates into a single entity. This unified company will be able to negotiate better deals with suppliers, distributors,...
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Many tenders continue to help potato producers
Potatoes are the third most popular food worldwide, after rice and wheat, and are a staple in the diet of billions of people. It is also a staple food that...
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DS Smith Reduces Greenhouse Gas Emissions By Close To A Fifth
Packaging firm DS Smith has announced it has reduced its greenhouse gas emissions by close to a fifth (19%) compared to a 2019/20 base year. The company made the announcement...
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The processing sales price of chicken breast fillets is 12 percent lower than a year ago
According to data from the European Commission, poultry meat exports from the EU (EU27) increased by 12 percent to almost 690,000 tons between January and April 2024 compared to the...
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This may be the reason for the (temporarily?) low domestic consumption
The standard of living and consumption of Hungarian households has been among the lowest in the European Union for years. While Hungarian consumption showed a significant increase in the 1990s,...
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Domestic beer consumption is drastically decreasing
Serious changes can be observed in the domestic beer market: although the decrease in consumption does not spare this sector either, there is an increasing demand for quality beers. This...
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Domestic vegetable and fruit production is in danger
It’s a good time to know that Hungary can be a huge loser from climate change, and the severe droughts of recent years often show this. The first victims have...
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GVH and the Self-Regulatory Advertising Board have confirmed their cooperation
In order to avoid unfair commercial practices and to make the system of prior compliance more widely known and applied, the Economic Competition Authority (GVH) and the Self-regulating Advertising Board...
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Labor shortages and logistical challenges make it difficult for courier services to operate
The growing popularity of online shopping has presented significant challenges to delivery companies, especially during the summer holidays. According to the modern trade union Egyenlő.hu, more and more customers are...
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Profession.hu: Almost half of the women did not return to their original workplace after maternity leave
Parents – and especially women – have to fulfill a number of social roles, which are often associated with conflicting expectations. The task of raising children is primarily attributed to...
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