Market News
Metro Italia Expands In Sardinia With Olbia Store Plans
Wholesaler Metro Italia has announced plans to open its third store in Sardinia in the spring of 2025, catering to the booming tourism and hospitality industry in the region. The...
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Fortenova takeover by Croatia businessman gets EU clearance
Fortenova makes drinks brands including Jana water and iced teas, plus Jamnica water and soft drinks A takeover of Croatia’s Fortenova Group by OpenPass, led by local businessman Pavao Vujnovac,...
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Speciesism in AI could hinder animal welfare reforms and the shift to plant-based diet
Speciesism is a strengthening concept in animal ethics that claims a moral advantage for members of the human species. According to Food Ingredients First, animal rights groups are concerned about...
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KPMG: Currently, every third company feels prepared for ESG-related regulations
According to the latest research from KPMG, approximately a third (29%) of companies feel they are ready for independent certification of their ESG disclosures, up from just 4% nine months...
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84% of Hungarians plan to pay by card or smart device during their trip abroad
40% of Hungarians are planning a holiday abroad this year, and the most popular destinations are Italy and Croatia. The card usage experience of OTP Bank customers also shows that...
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Domestic slowdown vs. soaring Temu
NorbertAccording to GKID and Mastercard’s Digital Commerce Survey 2024 report, the Hungarian e-commerce market still showed growth in 2023 (8.5%), but this was a significant decline from the double-digit growth...
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Tetra Pak Hungária Zrt. and Tej Szakmaközi Szervezet es Terektánács have renewed their cooperation agreement.
Tetra Pak Hungária Zrt. and the Tej Szakmaközi Szervezet és Terektánács renewed their cooperation agreement again. The contract was signed by Áron Tamás, Key Account Director, on behalf of Tetra...
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This is why startups fail in the first three years
The first three years are the most critical in the life of startups, because this is when most good ideas fail. According to the start it @K&H incubator program, there...
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Minimum effort, maximum experience – the ideal promotion for 2024
The Promotion of the Year 2024 competition, organised by Trade magazin, has once again put the world of promotions in the spotlight. This article is available for reading in Trade...
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How do factories solve seasonal labor shortages?
In Hungary, the rules prescribed by the Labor Code apply to employees in the company’s own staff and temporary workers, including foreigners, when granting holidays. From an HR point of...
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Harvesting has begun across the country
The harvest has started all over the country, thanks to the invigorating export, the warehouses are almost empty by now – said the State Secretary of the Ministry of Agriculture...
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Albert Heijn publishes climate impact of 1,100 private label products
Albert Heijn is to publish the “climate impact” of 1,100 private label products in stores and its digital app, as part of a collaboration with Vienna-based climate technology start-up inoqo.The...
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The producer price of the slaughter heifer decreased by 37 percent
According to the AKI’s slaughter statistics data, cattle slaughter in January-April 2024, expressed in live weight, was 11.5 percent below the January-April 2023 quantity. Cows, which account for two-thirds of...
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GVH’s program for educating people on conscious internet use has closed a successful semester
The staff of the Economic Competition Office (GVH) held classes for a total of more than 4,000 students in 175 classes of 52 schools in recent months as part of...
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Albertsons aims to make TV advertising less complex
The grocer’s new Collective TV unit wants to help advertisers launch and measure the impact of ad campaigns across streaming and digital video using a unified platform. Albertsons Media Collective...
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Danone aiming to scale up precision fermentation with aid of partners
The Activia brand owner hopes its newly-announced project will aid the development of healthier products. French dairy giant Danone is teaming up on a project to invest in precision fermentation....
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Hungary exceeded the target number for the collection of packaging materials contaminated with plant protection agents
Hungary has exceeded the target number for the collection of packaging materials contaminated with plant protection agents – MOHU MOL Hulladékgazdászólji Zrt. announced in a joint statement to MTI with...
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Hungarians don’t really want to pay in cash anymore
In the first quarter of 2024, the number of Hungarian bank card cash withdrawals barely exceeded 20.6 million, which means an average of two transactions per card in three months....
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According to forecasts, 300,000 people may be missing from the Hungarian labor market by 2030
At a recent conference held by the Employers and Industrialists National Association (MGYOSZ), Sándor Czomba, State Secretary of the Ministry of National Economy, reported that Hungary could face a shortage...
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This year’s Russian grain harvest could be the lowest since 2021
This year’s Russian grain harvest may be the lowest since 2021, according to a report presented on Wednesday by SovEcon, a Russian economic research company specializing in the study of...
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New crops may conquer farmland
Sweden’s OlsAro, a start-up developing crop varieties resistant to environmental stressors, plans to launch a salt-tolerant wheat variety in the near future. This article is available for reading in Trade...
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NAV: the same tax rules apply to students taking up summer work as to other employees
The same rules apply to the reporting and taxation of students who undertake summer work – with the exception of work undertaken through the student cooperative – as for other...
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From July 7, big changes are coming to the new car market, companies and motorists can count on this
From July 2024, only newly manufactured vehicles can be put on the market in Europe that have the prescribed, advanced safety and driving support systems. According to EU legislation, all...
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Promotions are increasingly important
Promotions are becoming increasingly important: in 2023 promotional sales already accounted for 32% of total sales and this figure is expected to increase further in 2024. Tünde Turcsán, managing director...
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Euro zone inflation rose to 2.6 percent in May
Inflation in the Eurozone was 2.6 percent in May, exceeding April’s 2.4 percent, the statistical office of the European Union, Eurostat, announced as final data on Tuesday. A year earlier,...
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Rising Costs and Declining Quality Hinder Use of Reusable Products, New Study Shows
Nearly 70% of people are willing to purchase reusable products, but nearly the same number say high prices have kept them from doing so, according to a new survey from...
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Hungaricums: szaloncukor and Aranyfácán tomato paste
“Hungaricums and national values are not only important for the sake of preserving heritage. These uniquely Hungarian characteristics represent us and help in our survival,” said István Nagy, the Minister...
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Balázs Hankó: the goal is for Hungary to be among the top 10 innovators in the world by 2030
The government’s goal is for Hungary to be among the top 10 innovators in the world by 2030, said Balázs Hankó, the future Minister of Culture and Innovation, on Tuesday...
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National tobacco shops further increase their share in FMCG sales
FMCG sales by National Tobacco Shops exceeded HUF 187bn in April 2023-March 2024, growing by 13% compared to the previous period. This has put the tobacco shop sales channel in...
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The cherry consumption promotion campaign has started
While last year it was later than expected, this year the cherry season started earlier than usual due to the weather conditions. For this reason, the Agrármarketing Centrum (AMC) campaign...
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