Market News
FIABCI World Prix d’Excellence 2024: Hungarian real estate developments among the best in the world
With three gold and one silver medal, Hungarian real estate developments were once again among the best in the world at this year’s FIABCI World Prix d’Excellence International Real Estate...
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Alcampo, Eroski And Consum Ramp Up Store Openings in Spain
Several supermarket groups are ramping up store openings in Spain, despite a slowdown in the overall market. Retailers including Alcampo, Eroski and Consum aim to expand their reach and grab...
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Amazon AI initiative tackles defective products
Amazon is using artificial intelligence to scan items for defects before they are shipped. An Amazon AI model named “Project P.I.” (the P.I. stands for “private investigator”) uses a combination...
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The export of live pigs increased by 58 percent
According to KSH data, Hungary’s live pig exports increased by 58 percent (8.7 thousand tons) in January-March 2024 compared to the amount in January-March 2023. The main partners were Romania,...
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Hungary has been in the EU for 20 years: how has GDP per capita changed?
On May 1, 2004, ten new states joined the European Union, including Hungary. In our series of articles, we use one indicator to explore how the situation of our country...
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Innovations – more nuanced ways and preferences
With a record annual inflation rate of 17.6% measured by the Central Statistical Office (KSH), it is understandable that the appeal of private label (PL) products has continued to grow....
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Consumption increased by 3.4%
KSH confirmed that in the first quarter of this year, the performance of the economy increased by 0.8% compared to the previous quarter, according to adjusted data.Compared to the same...
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KSH: the food industry slowed down the industry’s decline the most
The volume of Hungary’s gross domestic product in the first quarter of 2024 exceeded the same period of the previous year by 1.1 percent according to raw data, and by...
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An opportunity out of compulsion: Hungarian e-retailers can win by crossing the border
The appearance of Temu caused a bigger market shock in domestic e-commerce than the coronavirus epidemic and the war in Ukraine. A thoughtful use of AI can stand out from...
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Countdown before the mandatory redemption system is fully activated
Manufacturers have less than a month, until June 30, 2024, to ignore the rules for products with a mandatory redemption fee and to market products that are otherwise subject to...
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The Evolving Landscape of Beverage Trends in 2024
As the beverage industry enters 2024, several emerging trends are shaping the future of how we drink. From culinary-inspired cocktails to the rise of low-alcohol options, the alcohol industry is...
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Traders are worried about the rising cost of container freight
The shutdown of the Red Sea shipping route has caused a dramatic increase in maritime transport rates due to conflicts involving Israel, Hamas, and Yemeni Houthi rebels. This disruption has...
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GeePower Manufacturing Kft. now produces most of its formerly subcontracted products in its own factory
“The value of domestic household chemical brands lies in that they are well-known and popular. Our mission is to further strengthen the brand loyalty of customers, so we continuously improve...
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Kerry Group opens new digital innovation hub
Kerry Group has unveiled a new digital innovation hub, which will enable the company to do global research, offer insights into consumer taste preferences, and acquire clinical trial data. Forming...
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It turned out what is most stressful for manual workers
In the lives of Hungarian physical workers, satisfaction and fear are present at the same time – states the representative research prepared at the request of Pannon-Work Zrt. The survey...
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Pig and chicken dominated the market
According to the latest report of the Institute of Agricultural Economics, in the first quarter of 2024, significant changes took place in Hungary’s livestock and meat processing sector. Based on...
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CBA is working for the success of its partners
In 2023 CBA continued its efforts to provide its franchise partners, who operate CBA and Príma stores, with as many tools as possible to be successful. This article is available...
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A key issue is the farmer’s variety choice in field crop production
In the last hundred years, Hungarian breed breeding has been one of the most important professional pillars of domestic agriculture. During the challenging period, the issue of varieties, the presence...
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Dr Oetker coy over plan to sell soy chunks brand in Romania
The frozen pizza maker wants to sell its soy pieces brand Inedit to a subsidiary of Austrian investment holding group Raiffeisen. German frozen pizza and baking goods manufacturer Dr Oetker...
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Lidl Unveils ‘Italy’s Greenest Supermarket’
Lidl Italia has opened what it describes as Italy’s most eco-friendly supermarket outlet. The new supermarket in Villafranca di Verona, which replaces the existing Lidl store at the same location,...
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New agricultural investment decisions worth HUF 10.8 billion were made
In the past few days, the Ministry of Agriculture made support decisions worth 10.84 billion forints in relation to 171 more requests in connection with the calls announced within the...
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Significant ecommerce growth in Turkey
Online spending in Turkey more than doubled last year, the Ministry of Commerce reports. Significant growth is expected again this year. This is largely the result of inflation, but there...
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The irrigation plant of Talentis Agro Zrt., built with 1.7 billion forints, was handed over
The government will give farmers all the help they need to adapt to the challenges of climate change and to increase the cultivation of crops with greater added value –...
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The poultry sector had a difficult year
2023 was a challenging year for Hungary’s poultry industry, as reported by Agrárszektor. Despite a significant reduction in energy and feed costs, the sector faced substantial losses due to avian...
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BMI: Moderate expansion in May
The seasonally adjusted May value of the Purchasing Manager Index (BMI): 51.8. Compared with the previous May values, this year’s value is lower than the long-term average for this month...
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An efficient and competitive dairy industry is needed
The time has come to develop the domestic dairy industry, we need investments that improve efficiency and increase the competitiveness of the sector’s players. The goal is to regain the...
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A severe decline in the business performance of large DIY stores in 2023
In 2023, major hardware store chains in Hungary faced significant financial challenges, marked by substantial declines in profits and revenue across the industry. Obi reported the least severe decline, with...
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In the first quarter, the number of pigs slaughtered in slaughterhouses increased
1,160,000 pigs were slaughtered at Hungarian slaughterhouses in the first quarter of 2024, 6.2 percent more (+67,000 pigs) than in January-March 2023. The total live weight of slaughtered animals was...
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Information about changes in direct area-based subsidies during the year
The Ministry of Agriculture informs agricultural producers and the relevant contributors that several regulations affecting the direct support entitlements of the Common Agricultural Policy are already changing favorably for producers...
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An efficient, innovative and competitive dairy industry is needed
The time has come to develop the domestic dairy industry, we need investments that improve efficiency and increase the competitiveness of the sector’s players. The goal is to regain the domestic...
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