Market News
Conad Adriatico’s expansion in Albania
Italy’s Conad Adriatico continues its expansion in Albania, opening a new supermarket in the capital city of Tirana. With this move the cooperative’s store number reaches 44 in Albania and...
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KSH: Consumer prices increased by 3.7 percent on average in April compared to the same month of the previous year
In April of this year, consumer prices were on average 3.7 percent higher than a year earlier, the Central Statistical Office (KSH) reported on Friday. Compared to March, prices rose...
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MNB: fuel and food accelerated inflation in April
The annual consumer price index rose by 0.1 percentage point in April compared to the previous month. Fuels contributed 0.3 percentage points and foodstuffs 0.2 percentage points to the increase...
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Márton Nagy: inflation remained at a low level
Based on the latest data from the Central Statistical Office (KSH), in April 2024, in line with the trends of previous months, the rate of inflation remained at a low...
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Beáta Olga Felkai: the population has turned to cheaper food, but this will change
Beáta Olga Felkai, the Deputy Secretary of State at the Ministry of Agriculture, highlighted the substantial changes in consumer habits due to high inflation. In 2022 and 2023, many Hungarians...
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Inflation stood at 3.7% in April
Slightly below our expectations, the annual rate of inflation rose to 3.7% in April. The monthly price change was +0.7%, also slightly below our expectation of 0.8-0.9%. Core inflation moderated,...
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Today, the food industry is not “only” a strategic issue, but also a national security issue
Banks play an important role in boosting the Hungarian economy, the rate of which depends on the development of consumption and how long the war in Ukraine will last, said...
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Excellent Strawberry Harvest Expected in Hungary This Year
Béla Mártonffy, the President of the National Chamber of Agricultural Economics’ Horticulture and Supply Industry Section, announced on InfoRadio that Hungary anticipates an excellent strawberry harvest this year. Thanks to...
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PwC Climate risks report: Key raw materials are at risk
More than 70% of the critical minerals essential for the transition to net-zero energy are threatened by climate change, according to PwC’s climate risk report examining nine important raw materials....
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OKSZ elected officials and renewed its operations
The National Trade Association held a general meeting yesterday. At the general meeting, the new members of the Supervisory Board were elected and the representative of PENNY-MARKET Kft. was approved...
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SPAR South Africa is targeting both affluent and lower-income shoppers
South African grocery retailers are modifying their strategies to appeal to both affluent and low-income shoppers. While competitors, including the country’s leading grocery retailer Shoprite and Pick’n’Pay have brands that...
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Anikó Raisz: There is a huge debate between countries regarding the reduction of food waste and waste
The issues of competitiveness, agriculture and demography will be of particular importance during Hungary’s consecutive EU presidency, said the State Secretary of the Ministry of Energy responsible for the environment...
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One in four consumers buys second-hand goods to protect the environment
Owing to increasing living costs and consumer commitment to a more sustainable lifestyle, today it is no longer a shame to buy second-hand goods or have broken products repaired, according...
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Five global digital consumer trends
Euromonitor International’s annual report gives an insight into the trends shaping the changing values of digital consumers and how their behaviour is affecting their purchasing motivations and needs. This article...
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European companies do not take advantage of the business opportunities inherent in sustainable operations
The majority of companies are not yet aware of how sustainable operations contribute to business success, according to EY’s recent research with the participation of 200 company managers from 15...
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The number of guests of commercial accommodation increased by ten percent in the first quarter in the Czech Republic
In the first quarter, 4.1 million guests stayed at commercial accommodation in the Czech Republic, which is an increase of 9.9 percent year-on-year. The number of domestic and foreign tourists...
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A new trend is taking hold among businesses
The majority of domestic enterprises are open to cooperation and collaboration and see other companies not only as competitors – this is clear from the K&H survey. The surveyed SMEs...
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Entrepreneurs’ Gala 2024: the food industry is among the priority sectors of the new industrial strategy
Knowledge-intensive sectors will play a major role in the economic policy of the coming years, the Deputy State Secretary responsible for the coordination of strategic affairs of the Prime Minister’s...
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GKI is more pessimistic than the government about growth, inflation and public finances
GKI hasn’t changed its 2-2.5% growth forecast for 2024. However, it has lowered its inflation forecast to 5.5%. This article is available for reading in Trade magazin 2024/5 The expected...
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Hungrail: the appearance of giga trucks would cause social and environmental damage
The appearance of giga trucks larger and heavier than traditional trucks on European roads would, in addition to reducing the competitiveness of the rail freight sector, have negative social and...
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Conscious salt consumption is the key to health
Salt, scientifically known as sodium chloride, plays a crucial role in our diet. It provides essential electrolytes like sodium and chloride, necessary for the proper functioning of nerves and muscles....
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Both domestic agriculture and the countryside are strengthened in partnership
The government is a partner of farmers and rural enterprises, and works in alliance with the Hungarian countryside – said Zsolt Feldman, the State Secretary responsible for agriculture and rural...
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A priority goal is to strengthen the competitiveness of Hungarian agriculture
The growing trust between the actors of the banking sector and agriculture, and the performance of agriculture, has resulted in farmers being considered one of the best customer groups for...
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Development in agriculture is unbroken
The poultry sector is the most competitive and also the most concentrated livestock sector in our country. It contributes to the improvement of the foreign trade balance, since poultry accounts...
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MNB: you can once again apply for the green finance science awards and the recognition of the green finance science research initiative
This year, the MNB is once again announcing a tender to support research and scientific work to encourage sustainability, as well as to recognize renowned researchers in the field. Applications...
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The global food price decline has stopped
In recent months, global food markets have shown only minor changes, but according to Zoltán Fórián, the lead agricultural expert at Erste Agrar Center, there is no cause for complacency....
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Surprising price drop in the Hungarian pensioners’ price basket
According to the May data of the Mfor Pensioners’ Price Basket survey, there was a surprising 2.5% decrease compared to April, translating to a savings of 701 forints. This trend...
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A cashier-free shop sells gastronomic products from catch-up settlements
Currently, the country’s only fully automated store operating without a cash register or a salesperson sells handicraft products made from vegetables and fruits produced in the Felzárkózó settlements in downtown...
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The biggest food collection of the year so far is coming
3,000 volunteers will serve on Friday and Saturday in the biggest food collection campaign of the year so far, organized by the Hungarian Food Bank Association. Helpers wearing green vests...
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There is a big problem with ultra-processed foods
According to a 30-year study by Harvard University, consumption of ultra-processed foods (UPFs) can increase the risk of premature death. The study analyzed the eating habits of 115,000 American adults...
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