Market News
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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....
Read more
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...
Read more
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....
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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,...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
A business can even double its company value if it uses its data assets well: 4 tips from the expert
After the initial frenzy, the picture is becoming increasingly clear as to how a business, regardless of industry, can gain concrete monetary benefits with the help of the latest achievements...
Read more
EY: Customers fear data theft – global research
More and more customers are worried about the leakage of their data provided during the purchase, which forces retailers to take action as well, according to EY’s latest international survey...
Read more
Targeted subsidies help domestic potato cultivation
It is a priority to ensure that domestic potato production is competitive and that farmers have an adequate commodity base – said Sándor Farkas, Deputy Minister of the Ministry of...
Read more
NAV: a license is not required for the non-commercial transport of excise goods in the EU
The National Tax and Customs Administration (NAV) told MTI on Tuesday that a private person does not need a permit for the non-commercial transport of excise goods – such as...
Read more
The price of eggs at the packing point is 19 percent lower than a year ago
According to data from the European Commission, the packing point price of table eggs in the EU was 220 euros/100 kilograms in the first twenty-three weeks of 2024, 13 percent...
Read more
The summer “cucumber season”, the vacation period, has begun
The summer “cucumber season”, the period of vacations, has begun, but summer does not mean a lack of events, since new labor is needed at this time as well, and...
Read more
István Nagy: the starting point of Hungarian agriculture is quality production
In the ever-stronger international competition, the starting point of Hungarian agriculture can be the increase of added value and the level of processing, the production of high-quality food, said István...
Read more
Lidl to increase plant-based product sales in Belgium by cutting prices
From 15 May Lidl permanently reduces the prices of its plant-based milk and meat alternatives to bring them in line with animal products. Plus the share of plant-based protein sources...
Read more
