Market News
V4 agricultural chambers: a change of direction is needed in EU agricultural policy
The agricultural policy of the EU must change radically, otherwise the agriculture of the union will be in a hopeless situation – the agricultural chambers of the V4 countries emphasize...
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Czech and Romanian investors take over the Hungarian e-commerce market
The sale of the Hungarian family-owned Foxpost parcel vending machine network brought about a significant change in the Hungarian logistics and e-commerce sector. Wallis Group and private equity fund manager...
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Agrometeorology: dry weather favors harvesting
The mostly dry weather of the past few days favors the harvest, but the heat is not good for the ripening wheat either – HungaroMet Zrt. wrote in its agrometeorological...
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AI already pays attention to feelings in customer communication
Japanese tech giant SoftBank has embarked on a new project based on voice-modifying artificial intelligence to filter out angry tones from customer phone calls. The project, described by the Financial...
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NGM: fuel prices remained below the average of neighboring countries
Fuel prices remained below the average prices of neighboring countries, and in order to protect families, the government continues to continuously monitor the evolution of prices – the Ministry of...
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Cherry growers expect a smaller than average harvest
The cherry season is in full swing, but due to the extreme spring weather, a smaller harvest than the average of previous years is expected. However, lower yields are not...
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A croissant can cost up to HUF 2,500 in a luxury bakery in Budapest
The pricing and economic model of luxury bakeries in Budapest has been a topic in consumer circles for years. Recently, more and more people decide to pay the price of...
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The export price of raw milk was 19 percent lower than the average producer price
The producer price of raw milk expressed in national currency in April 2024 did not change in the USA, decreased by 3 percent in the European Union and 5 percent...
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Tesco installs anti-theft smoke machines at high-risk stores
Tesco has introduced smoke machines in some of its stores to prevent people from stealing goods outside of opening hours. The supermarket chain uses 4ft-high security devices in some shops...
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István Széchenyi University has signed a strategic agreement with a Czech agricultural company
István Széchenyi University has entered into a strategic agreement with Prague-based Agrofert, one of Central Europe’s leading agribusinesses, the university announced to MTI on Thursday. Within the framework of the...
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GenAI’s impact on retail unfolding faster than expected
Retailers now leverage GenAI for a competitive edge in communications, marketing, and operations. The impact of generative AI (GenAI) is inevitable and will disrupt various sectors, including retail, according to...
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The risk management of producers can only be improved through cooperation
On June 20, 2024, the Agricultural Economics Institute (AKI) hosted the workshop entitled “Experiences of the agricultural risk management system in 2023” for the tenth time. After presenting the results...
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Lactalis to shut another dairy plant in Romania
The French dairy giant has largely grown its Romania operations through M&A, with twin deals in 2016. French dairy major Lactalis plans to close a factory in Romania acquired through...
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Generation Z has grown up: it’s time to break down stereotypes
Generation Z, once characterized by the stereotype of “gamer kids”, is now emerging as mature adults in joint research by GWI and Publicis Groupe CEE. It is time to reevaluate...
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New agricultural irrigation development projects may be implemented
Irrigation development has now become of decisive importance in maintaining the safety of agricultural production and in the cultivation of crops with high added value under the changed climatic conditions.mThe...
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This is how your business uses mobile banking
The life and operation of businesses is largely determined by the degree to which they digitize their processes. Finance is at the forefront in this field, since in addition to...
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One in three Irish families grow their own fruit and vegetables
According to a study by SuperValu and GIY (Grow it Yourself), a third of families in Ireland grow food at home and eight out of ten would like to do...
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Heat alarm and discount readiness: this is how domestic chain stores react to the heat wave
While the summer heat is raging, domestic retail chains also take the opportunity to launch their best heat-fighting promotions in the 25th week. Based on the Világgazdaság article, Lidl, Penny,...
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Lower meat prices
According to AKI slaughtering statistics, 178.9 thousand tonnes (live weight) of poultry were slaughtered in Hungary in the first three months of 2024, 15% more than in the same period...
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Social responsibility and billions in savings – employment of people with disabilities creates value
Every year, domestic enterprises pay almost HUF 200 billion as a rehabilitation contribution to the state coffers, since the proportion of employees with disabilities does not reach five percent. According...
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Beer prices in Budapest are favorable
Significant differences can be observed in the prices of draft beers between major European cities. Oslo follows the Icelandic capital with 9.6 euros and Copenhagen with 8 euros. Other big...
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Food e-commerce isn’t for everyone (yet)
The democratisation of online grocery shopping is taking longer than initially expected given the worldwide hype around e-commerce. Persistent cost inflation has forced retailers to launch initiatives to curb staff...
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Walmart to remove self-checkouts from some of its stores
Following Target, Dollar General and other chains, Walmart has begun to recalibrate its strategy for self-checkouts and the checkout experience. Walmart is removing self- checkouts in some of its stores...
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József Bock received the Lifetime Achievement Award of the Hungarian Wine Academy
The signal of the Hungarian Wine Academy, in honor of winemaker József Bock, rang out in the Hunting Hall of the Parliament. The Villány specialist was greeted by his family...
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Kifli.hu has also reached summer camps with its healthy offer
Kifli.hu, which has already proven itself with the kindergarten catering program, continues to expand its services and makes its offer available in summer camps as well. The company also wants...
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This is how big chain stores prepare for the Balaton season
As summer arrives, it brings significant changes to the opening hours of stores in Hungary, especially around Lake Balaton and other popular resorts. Vacations at the Hungarian seaside have become...
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Restoring the EU’s competitiveness is the most important thing
Restoring the competitiveness of the European Union is the most important priority in the program of the Hungarian EU presidency, said the Parliamentary State Secretary of the Ministry of European...
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South Korea’s dermocosmetics market ranks 6th globally
It has attracted competition from „concept-dermo,” „dermo-inspired” and „pharma-dermo” brands. South Korea ranked sixth in the global dermocosmetics market in 2023, according to Euromonitor’s latest Beauty and Personal Care research....
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K&H: What happened to the HUF? What would be needed in Hungary and what can be expected in Europe?
Despite the weakening of the forint seen in recent days, the euro may remain in the band between 385 and 400 forints this year. At least that is what Dávid...
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Adoption of the European Green Agreement and its effects on the agricultural industry
At the beginning of the week, despite protests from several countries including the Netherlands, Italy, Sweden, Finland, Poland, and Hungary, and with Belgium abstaining, the European Union’s Environmental Council ultimately...
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