Market News
Romania’s Profi Confirms Strong Growth in 2023
Romanian food retailer Profi has reaffirmed its strong growth trajectory of recent years, reporting an 11% annual increase in revenue in 2023, to RON 12.9 billion (€2.6 billion). This follows...
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Nestlé ploughs investment into Mexico in latest pet-food capex project
The Purina pet-food facility in Silao is earmarked for SFr200m ($220.9m). Nestlé is adding production lines for Purina pet food in Mexico in the CPG giant’s latest investment in the...
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European agriculture must be farmer-oriented
Competitiveness, crisis management, sustainability and the knowledge-based economy will be on the agenda of the six-month Hungarian presidency of the Council of the European Union starting July 1, with the...
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Delivery Hero in $1.25 bln deal with Uber for foodpanda Taiwan sale
Uber announced a $1.25 billion deal to take over Delivery Hero’s foodpanda business in Taiwan and buy new shares in the German firm in a move that would boost liquidity...
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We also need innovation in advertising
The new era of streaming has arrived, where you can already see advertisements. K&H was the first in the Hungarian banking sector to buy advertising space when the advertisements appeared....
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The permanent water shortage period was announced at the initiative of NAK and MAGOSZ
Following the initiative of the National Chamber of Agriculture and the Association of Hungarian Farmers’ Associations and Farmers’ Cooperatives, the Minister of the Interior announced a permanent water shortage period...
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The Manager of the Year 2023 awards were presented
The Manager Association held its most important and special social event for the 29th time on May 25, known as the Oscars of the business world, the Manager of the...
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Quality beers came to the fore over volume
“Based on last year’s data, beer consumption has moved towards quality instead of volume,” say Auchan’s experts. The classic flavors are the most popular, in addition, the reduced energy and...
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The well-being of female employees is supported by the new DEI program of Publicis Groupe Hungary
The program introduced in May, within the framework of the European Diversity Month, is an integral part of the company’s DEI, well-being and open corporate communication strategy this year, and...
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Rapid digitalisation in pharmacies
This article is available for reading in Trade magazin 2024/5 This is what impatient customers dream about Dr István Vámossy, general manager of Gollmann Magyarország/Pharmamatrix Kft. believes that digitalisation and...
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The three-month unemployment rate further decreased
In the three months between February and April 2024, the number of employed persons (age group 15-74) was 4,739,000, 41,000 more than a year earlier. The number of people working...
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Competitive businesses help developing micro-regions
Hungarian agriculture has gone through a spectacular development since 2010, and the companies exhibiting at Kiskun Expo are a clear proof of this, showing the strength and competitiveness of the...
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Nestlé invests CHF 80m in plant-based food plant in Serbia
Swiss food giant Nestlé has invested CHF 80m in the opening of a new plant-based food factory in Surčin, Serbia. This article is available for reading in Trade magazin 2024/5...
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The Agricultural Economics Institute is at the service of Hungarian farmers and agriculture
Every sector and, within that, every policy, every ministry needs an institution with a knowledge base like the Agricultural Economics Institute, which cultivates all elements of knowledge at a high...
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MediaMarkt’s 40th store opened in Eger
MediaMarkt is pleased to announce its newest store opening in Eger. The recently handed over “Shop in a shop” type store is the 40th physical sales point of Hungary’s largest...
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From now on, we are living our future
Hungary’s overconsumption day falls on May 25, and with this not very flattering ranking, it overtakes countries such as Switzerland or the United Kingdom. The Earth as a whole will...
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István Nagy: the countryside is the driving force for the renewal of the Hungarian economy
The Hungarian government sees the economic power of the countryside as a driving force in the renewal of the Hungarian economy, the Minister of Agriculture stated on Saturday at Bihartorda...
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Migros Supermarket AG To Cut 150 Jobs As It Streamlines Business
Migros Supermarket AG, the supermarket business unit of Migros, will implement its new organisational structure on 1 July 2024. The move – aimed at implementing simplified processes, lean structures, and...
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In-store traffic expected to fully rebound by Q3
CBRE is predicting retail foot traffic to fully recover from the post-pandemic lull later this year. The real estate investment firm says that according to its latest data, foot traffic in...
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Overview of the beginning of the cherry season: under very heterogeneous conditions, a slightly better than average harvest is expected
Major frost damage and plant protection problems avoided the cherry plantations. In addition to the better-than-average quantity, the smaller fruit size can cause (mainly sales) problems. By harvesting the early...
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Beiersdorf To Develop Anti-Ageing Solution With Rubedo Life Sciences
Skincare giant Beiersdorf has entered into a multi-year partnership with Rubedo Life Sciences to develop an anti-ageing solution for the global face care market. The partnership will see Beiersdorf leverage...
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NAK: Hands off the butter!
The domestic animal product sector has been hit by another indiscriminate attack. This time, dairy products, including butter, were targeted. The slogans “*leave the cows alone” and “skip the cow*”...
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5 things that we could easily digitize at work right now
Gone are the days when all contracts and invoices had to be delivered to the target person on a paper basis, by post, and for some time we have also...
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In the first quarter of 2024, the performance of investments decreased by 9.6 percent
According to the raw data, the volume of investments in the first quarter of 2024 was 9.6 percent lower than the same period of the previous year. Compared to the...
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KSH: a bruttó átlagkereset 658 400 forint volt 2024. márciusban, 13,9 százalékkal haladta meg az egy évvel korábbit
In March 2024, the gross average salary of those employed full-time was HUF 658,400, and the net average salary calculated with allowances in mind was HUF 452,700. The gross average...
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Danone US to discontinue two plant-based milk alternatives
The decision to stop the production of Silk Nextmilk and So Delicious Wondermilk comes as sales of the alternative category fell in 2023, after four consecutive years of growth. This...
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The drought was eased by the stormy Whitsunday weekend, JÉGER’s operation was needed across the country
The soil generators operated by the National Chamber of Agriculture (NAK) did not rest during the long Pentecost weekend. The operation of the National Ice Damage Mitigation System (JÉGER) was...
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Germany Supports Closing Loopholes Favoring Chinese E-commerce Growth
Germany endorses a European Union proposal aimed at tightening the tax exemption rules that have aided the expansion of Chinese e-commerce platforms like Temu and Shein. Currently, packages valued under...
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The producer price of slaughter cows is 24 percent lower than a year ago
According to AKI’s slaughter statistics data, cattle slaughter in January-March 2024, expressed in live weight, decreased by 14.8 percent compared to the amount in January-March 2023. Cows, which account for almost...
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Competition Office: Natur Tanya may have misled consumers with claims about health effects
Due to the alleged violation of the prohibition of unfair commercial practices towards consumers, the Economic Competition Office (GVH) initiated a competition supervision procedure against Natur Tanya Hungary Kft. and...
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