Market News
NGM State Secretary: the machine industry plays a decisive role in industrial development
The development of the machine industry is essential for Hungary to be at the forefront of European industry by 2030 – said the State Secretary responsible for industrial policy and...
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Mondelez to invest in Pakistan production
Two manufacturing plants in Baluchistan are set to receive the funding. Mondelez International is set to invest around $5m in its Pakistan operations in an effort to increase localised production...
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More scholarship students completed their agricultural studies in Hungary
The students of the scholarship program jointly supported by Hungary and the Food and Agriculture Organization of the United Nations (FAO) were bid farewell. This year, the students graduated from food...
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REWE Invests €250m In New Distribution Centre In Magdeburg
REWE Group has inaugurated a new distribution centre at its Magdeburg Rothensee industrial and logistics centre, three years after construction commenced at the site. The German retailer has invested around...
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Sándor Czomba: in May 2024, the number of employed people increased by 36 thousand and the activity continued to expand
Employment and the number of economically active people increased in parallel compared to the same period of the previous year, while the number of registered jobseekers is still at a...
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AKI: seasonal fruits are cheaper compared to last year
Seasonal fruits are cheaper compared to last year, most of the vegetables did not become more expensive based on wholesale market prices – read the latest report of the Agricultural...
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The economic mood deteriorated in the EU and the euro area in June, and Hungary improved
The economic sentiment index deteriorated in the euro area and the European Union in June, while it improved in Hungary, according to a survey presented on Thursday by the European...
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The number of convenience stores in Hungary is decreasing
The trend of recent years leaves no doubt: the number of Hungarian retail stores is constantly decreasing. According to the latest data from the Central Statistical Office (KSH), in June...
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Hybrid working is not good for the office market
The effects of the pandemic can still be felt in the American office market years after the global health crisis. According to Moody’s latest report, it is expected that by...
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Nébih relies on the public’s opinion in the soil protection questionnaire
The soil protection effort of the National Food Chain Safety Office (Nébih) is to present the population with the diversity of our country’s soils, soil cultivation and nutrient management habits,...
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PwC: workplace changes encourage employees to develop their skills in the long term
Globally, almost half of employees (45 percent) feel that their workload has increased significantly in the past year, and two-thirds of them feel insecure due to the acceleration of changes...
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Plant-based food sales fall to USD 8.1bn in the United States
Only 15% of US households bought plant-based products in 2023, 19% less than in 2022. This article is available for reading in Trade magazin 2024/6-7 Sales of plant-based meats and...
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The new call for tenders for developing domestic horticultural production has been published
A new call for tenders has been published with a budget of HUF 50 billion to support the creation and modernization of horticultural greenhouses, cold storages, and vegetable storage facilities,...
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Pécs and Timișoara cooperate in animal disease research
The National Laboratory of Virology of the University of Pécs and the King Mihály I University of Life Sciences in Timișoara agreed on research and education cooperation related to animal...
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SHEIN launches Korean website
This affirms the group’s commitment to catering to the Korean market. Global online fashion and lifestyle retailer, SHEIN has announced the launch of its dedicated Korean website, https://kr.shein.com/. Based in...
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Nestlé introduces sustainably sourced chocolate brand
The confectionery offering, which uses cocoa certified by the Rainforest Alliance, will be available in airports around the world. Nestlé is launching Sustainably Sourced chocolates, the food and beverage giant said in a...
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dm-drogerie markt Rolls Out Express Delivery Service In Bonn
German retailer dm-drogerie markt has rolled out an express delivery service in Bonn, extending the service to eight cities in the country. The company relies on cargo bikes and e-vehicles...
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Agrometeorology: the rain was good for sunflowers and corn, but not for wheat and canola waiting to be harvested
The rainy weather of the past week was good for sunflowers and corn, but not for wheat and canola, which are still waiting to be harvested, HungaroMet Zrt wrote in...
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EY and denkstatt join forces
From now on denkstatt operates as “EY denkstatt”, as part of EY’s global sustainability team – with over 60 experts helping local companies in environmental and sustainability issues. This article...
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The BKIK welcomes the Government’s decision to end the compulsory promotions required for shops from July 1
The Budapest Chamber of Commerce and Industry, in agreement with several professional organizations, has already recommended that the Government not extend its decree 162/2023 (V.5.) on the mandatory promotion valid...
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Consumption in Hungary is cause for concern
According to the latest data from Eurostat, Hungary is only 70% of the European Union average in terms of per capita consumption, thus placing it in last place in the...
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Zwack Unicum Nyrt. Reports Significant Business Results
At its annual general meeting in 2024, Zwack Unicum Nyrt. presented significant business results, reflecting the success of the largest player in the Hungarian spirits market. The company’s gross revenue...
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Lidl: huge increase in plant-based food sales
Sales of vegan products at supermarket chain Lidl Germany have increased by more than 30% in the past six months. This article is available for reading in Trade magazin 2024/6-7...
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Tensions and obstacles to data provision in the Hungarian tourism market
Perceptible internal tensions in domestic tourism and the problems of data provision have a significant impact on the actors of the sector. Smaller tourism businesses complain that they are adversely...
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EY: More and more domestic companies are using artificial intelligence, the gap between companies is growing
Nearly two-thirds of domestic companies are already using or thinking about introducing artificial intelligence (AI), while 29 percent have not yet dealt with the field in any meaningful way –...
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Companies don’t really spend much on corporate health
Róbert Lancz and János Kóka, the presidents of the board and supervisory board of the private healthcare provider Doktor24, recently gave an interview to the trade magazine Economx. During the...
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How to maintain IT security during summer remote work? 7+1 advice from TOPdesk IT experts
Since the pandemic, most companies have retained the possibility of remote work in some form, and in the summer period, employees work from home, from their vacation home, or even...
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Coffee helps if you do too much sedentary work
According to recent research, regular coffee consumption can reduce the health risks that can arise from sitting for long periods of time. A study published by ScienceAlert, which involved 10,000...
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Norway restarts stockpile of grain stocks due to global uncertainties
Responding to global geopolitical tensions, the coronavirus epidemic, and the challenges posed by climate change, Norway is resuming the stockpile of grain that was completed nearly two decades ago, in...
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Smart green packaging
Researchers at the Hungarian University of Agriculture and Life Sciences (MATE) are experimenting with innovative packaging solutions. This article is available for reading in Trade magazin 2024/6-7 One of these...
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