Market News
Zsuzsanna Szűcs was again elected president of the National Association of Hungarian Dietitians
The National Association of Hungarian Dietitians (MDOSZ) again elected Zsuzsanna Szűcs as president at its general meeting. Based on the votes of the membership, the dietician, who held the position...
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Netrisk: more people took out travel insurance in the first quarter
According to this year’s Netrisk data, Hungarians signed 72,000 travel insurance contracts in the first quarter, 13 percent more than a year earlier. The average fee was HUF 10,500, which...
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New Haribo Bitter Lemon & Friends available for a limited time in Austria
Haribo launches a new product in Austria inspired by the world of beverages. The now 104-year-old Bonn-based confectionery manufacturer offers more than 200 different varieties – and now the portfolio...
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Certified organic market sees record sales in 2023
The US certified organic market reached a record $69.7 billion in sales in 2023, according to data from the Organic Trade Association (OTA). Sales in the category rose 3.4% compared...
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German supermarkets draw even with discounters
After two years of inflation-induced market share losses, German supermarkets stabilize their market position. Food prices are deflating for the first time in ten years. Market leader Edeka ended the...
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The activities of Żabka Group have a significant impact on the development of the Polish economy
The recently published Responsibility Report, “Conveniently and Responsibly”, shows that the total amount of added value generated by the Group and its collaborating franchisees reached PLN 9.1 billion in 2023,...
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Euro zone inflation was 2.4 percent in April as well after March
In accordance with what was announced in advance, the annual inflation in the euro zone was 2.4 percent in April after March, according to the final data published by Eurostat,...
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The Hungarian Marketing Association elected new board members
The defining organization of the profession, the Hungarian Marketing Association (MMSZ), organized its renewal general meeting on May 15 in Haris Park, at which the members elected an expanded, now...
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Mihály Varga: the economy is entering a phase of intensive development
Having closed the extensive era, the Hungarian economy is increasingly moving into the phase of intensive development, when the added value increases significantly, said the Minister of Finance in Kaposvár,...
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Do guest workers inevitably come to Hungarian agriculture and the food industry?
Significant labor shortages and employment difficulties exist in the Hungarian agricultural and food industry sectors, which can be attributed to multiple factors. According to Dr. Kántor Gyöngyi, HR director of...
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The price of olive oil may increase significantly
Olive oil prices have soared to record levels, caused by a shortage of “liquid gold” and extreme weather due to climate change, plunging the industry into crisis. This essential food...
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Customers will have more money to spend, but the economy is still not out of the crisis
This year, several new economic forecasts indicate that the Hungarian economy will achieve or even exceed regional growth averages, and the increase in real wages will once again enable consumption...
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What can be called sourdough bread will soon become tougher
Recent discussions within the Hungarian Food Codex Committee suggest changes to the regulation of the “sourdough” label, including defining the maximum amount of yeast allowed and the minimum fermentation time...
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In Austria, inflation slowed down in April
The rate of annual growth of consumer prices in Austria fell to 3.5 percent, the lowest since September 2021, in April following the previous month’s 4.1 percent, in accordance with...
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KPMG is testing AI as a compliance specialist helping the work of consultants
Hungarian for Innovation organized by the Joint Venture Association (JVSZ). At the conference, a KPMG Hungary employee reported on their experiment, in the framework of which they supported the process...
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An all-around convincing performance by this year’s EuroCIS
This year’s EuroCIS – the leading trade fair for the retail technology industry – was a big success. This article is available for reading in Trade magazin 2024/5 The trade...
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Beyond Meat expands into Co-op in the UK
Beyond Meat’s plant-based alternatives are now available in 800 Co-op stores across the UK. The meat-free vegan brand’s products are available in the convenience chain’s frozen food section nationwide. Beyond...
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48 percent more fertilizer was sold than a year earlier
Fertilizer distributors sold 522,000 tons of fertilizer directly to agricultural producers in the first quarter of 2024.The volume sold was 48 percent more than a year earlier, despite this –...
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Livestock farming is not responsible for the decline in global drinking water supplies
Another false claim is spreading in the European public discourse regarding animal breeding. While the representatives of the anti-livestock narrative often claim that the sector threatens the public’s drinking water...
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From EU self-sufficient poultry products, there is no need for imports of dubious origin
In recent years, the situation of the poultry sector has been complicated by many challenges, various epidemics, declining demand due to wartime inflation, and cheap but poor-quality products that do...
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Our gluten-free favorite also competes for the KMÉ trademark
The gluten-free life is also imbued with excellence, as it is now possible to apply for the Excellent Quality trademark with rice and rice flour. Of course, the address is...
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Sweden’s Essity Invests In New Research And Development Centre
Swedish hygiene products maker Essity is investing in a new research and development centre in Alsace, France, that will focus on tissue hygiene products. Essity seeks to develop new methods...
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The administration of vineyard school operators becomes easier with a new form
The National Food Chain Safety Office (Nébih) draws the attention of vineyard operators to the new form available on the office’s website. Nébih created the electronic registration form, which can be...
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Tesco teams up with suppliers to tackle hygiene poverty
Tesco has again joined forced with its suppliers from well-known household brands such as Andrex, Aquafresh, Bodyform, Radox, Sure and Wilkinson Sword to distribute millions of personal care items to...
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The biggest cucumber-growing greenhouse in our country was handed over
Slovak and Hungarian-owned GreenCoop has handed over its second Hungarian greenhouse in the border of Ács. Approximately 12-14 million snake cucumbers are grown annually in the six-hectare facility using thermal...
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The European Union started the year with significant growth and a decrease in inflation
According to the latest report of the European Commission, at the beginning of 2024, the economy of the European Union began to grow at a surprisingly fast pace, while inflation...
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NGM State Secretary: the restoration of consumption and the credit market is among the most important economic policy goals
The state secretary responsible for economic strategy, financial resources and macroeconomic analysis of the Ministry of National Economy (NGM) listed the restoration of consumption and the credit market, the resumption...
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The missing workforce – Lawyers from PwC Legal, Dr László Szűcs and Dr Melinda Molnár were the guests of Chain Bridge Club
At the end of December, a new law on the entry and residence of third-country nationals was passed. Then we had to wait another two months for detailed procedural rules,...
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Carlsberg and Erdinger celebrate the legendary head coach of Liverpool FC with a limited edition beer collection
To mark the departure of legendary Liverpool FC manager Jürgen Klopp, Carlsberg has teamed up with ERDINGER Weissbräu to release a limited-edition celebratory beer – with a bottle for each...
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The Court of the Union struck a hole in our tax procedure rules
According to the decision made by the Court of Justice of the European Union on May 16, 2024 (C-746/22), the Hungarian rule that does not allow foreign taxpayers in VAT...
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