Market News
Richárd Szabados: the government’s priority goal is to support businesses that form the backbone of the economy
The government’s primary goal is to support domestic businesses that form the backbone of the economy, since the unprecedented development experienced in the past decade would not have been possible...
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A Shein product caused severe burns to a British teenager
A 13-year-old teenage girl in Hampshire, England, suffered severe burns from nail glue bought from an online store Shein. The case has refocused attention on the quality and safety of...
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Farmers are not obstacles, but partners in the green transition
European farmers should not be seen as an obstacle, but as an indispensable partner in the process of the green transition, said Oszkár Ökrös, the Deputy Secretary of State for...
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NAK president: the strategic dialogue initiated by the European Commission does not serve the economic community
According to the president of the National Chamber of Agricultural Economy (NAK), the content of the strategic dialogue on the common agricultural policy of the coming period initiated by the...
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Baby boomers drive growth in healthy ageing skincare market
Interest is also growing in products that support both skin and mental health. As Baby Boomers retire, their focus on health and longevity is reshaping the skincare industry, according to...
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MBH: despite the drought, the prospects of the Hungarian food industry have improved
Despite the dry summer, the prospects of the Hungarian food industry have improved, a significant increase in prices is not expected this year, producers can end the year more successfully...
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Dunnhumby and Placer.ai use new AI-based tool to analyse competitive threat
Dunnhumby and Placer.ai have developed a new AI tool for assessing the competitive threat retailers represent, and providing information on what features are attractive to shoppers at geographic, chain and store...
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Molson Coors takes majority stake in ZOA energy drink
Molson Coors Beverage Co. is taking a majority ownership stake in ZOA, the energy drink brand co-founded by Dwayne “The Rock” Johnson, Dany Garcia, Dave Rienzi and John Shulman. Taking a majority...
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ProVeg: Lidl in Germany offers the best value vegan basket
Following the introduction of price parity a year ago, Lidl is now the first German grocer to offer a vegan basket at no extra charge compared to the animal basket,...
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AM: small farms are the winners of this year’s agricultural subsidies advance payment period
The advance payment period for agricultural subsidies is going well, the Hungarian Treasury (MÁK) has paid a total of HUF 119.3 billion in advance payments to those concerned by the...
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KSH: in September, retail sales increased by 1.7 percent compared to the same period of the previous year, and decreased by 1.4 percent compared to the previous month
In September, the volume of retail trade increased by 1.7 percent compared to the same period of the previous year, according to both raw and calendar-adjusted data, the Central Statistical...
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The autumn started weakly in retail trade
Retail performance in September started off weaker compared to August, showing a 1.4% decline month-over-month after seasonal adjustments, partially attributed to disruptions from flooding. This drop interrupted the upward trend...
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Amazon uses AI to scan products for defects before delivery
Amazon uses AI to detect faulty products before they are delivered. Amazon’s “Project P.I” model (P.I. stands for private investigator) combines generative AI with computer vision to help find defects...
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Consumers are skeptical about the sustainability of companies
Since 2022, the maturity of companies in the field of sustainability has been continuously increasing. Despite geopolitical challenges, organizations continue to implement their sustainability initiatives, but consumers want transparency, according...
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Internal trade slowed down massively
This morning, the Central Statistical Office published retail sales data for the month of September: sales decreased significantly on a monthly basis, by 1.4 percent. The indicator of the consumption...
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More people work in Hungarian agriculture than at the time of the system change
More people work in Hungarian agriculture than at the time of the system change, the Minister of Agriculture announced on Thursday, in Zámoly, Fejér County, where Tamfarm Kft. was handed...
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Moore Hungary: There are almost two weeks left for the decision on the choice of group corporate taxation
Companies wishing to establish a group corporate tax entity for the 2025 tax year can submit an application to the National Tax and Customs Office by November 20. This form...
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NAK also popularized agricultural vocational training with a series of career guidance programs
With the help of its partners, the National Chamber of Agrarian Economy (NAK) presented the job and further education opportunities inherent in agricultural professions to nearly four thousand elementary school...
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Agrometeorology: the grain growers need more and more precipitation
The wheat farmers would need more and more precipitation, there is a chance for this from the middle of next week, wrote HungaroMet Zrt. in his agrometeorological analysis on Thursday....
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Aldi Süd returns to printed leaflets in Germany
Aldi Süd is returning to paper leaflet distribution in Germany, where it began phasing out and replacing them with digital platforms less than four months ago. Recognising that many shoppers...
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Due to the spread of bird flu in two counties, the protection and monitoring districts are being expanded
The highly pathogenic bird flu epidemic spreading explosively in Bács-Kiskun County justified the large expansion of protection and surveillance districts in this county and in Csongrád-Csanád County as well. The...
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Nestlé launches protein-focused products for weight management in key markets
Nestlé is tapping protein trends across geographies with solutions developed to meet specific nutritional requirements. The company has launched high-protein foods for GLP-1 users and consumers aiming for better weight...
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The benefits of ESG are slowly emerging
The number of people interested in the new ESG regulation, which came into effect in January, is increasing beyond the scope of obligations, including among small and medium-sized enterprises. In...
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In Germany, Prime members can now shop for groceries from Knuspr on Amazon
A new online grocery superpower has been formed in Germany, with a partnership between US e-commerce giant Amazon and Knuspr, the German subsidiary of Czech online supermarket group Rohlik. The...
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Small farms are the winners of the advance payment period of agricultural subsidies
The advance payment period for agricultural subsidies is going well, the Hungarian Treasury (MÁK) has paid a total of HUF 119.3 billion in advance payments to those concerned by the...
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The latest issue of Trade magazin is out now!
This time the digital version has been extended to 184 pages. You can read it now, by clicking on the front page at the bottom of this e-mail, until the...
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Industrial production has decreased in Hungary: the NGM urges the reduction of German dependence
According to the latest data of the Central Statistical Office (KSH), adjusted for calendar effects, industrial production in September 2024 was 5.4 percent below the level of the previous year,...
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NGM: Consumer Protection Council meeting for the protection of consumer rights and the effectiveness of the domestic consumer protection institutional system
The Ministry of National Economy (NGM), which is responsible for consumer protection, organized the second meeting of the Consumer Protection Council of the year, which was attended by a wide...
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Many Hungarian companies are already using AI
In early August Hungarian Product conducted a survey among 260 of its trademark-using partners, to find out to what extent they have introduced AI into their business and production processes...
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Elek Nagy announced the program of the chamber renaissance
The Hungarian Chamber of Commerce and Industry (MKIK) elected Elek Nagy as its new president at its inaugural delegate meeting held on October 30. During the voting, Elek Nagy received...
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