Market News
This year’s defense season got off to a busy start for the national ice damage mitigation system
Already in the first week of this protection season, the National Ice Damage Mitigation System (JÉGER) operated by the National Chamber of Agriculture proved itself. During the two weeks between...
Read more
Let’s keep water in the landscape!
The network of village farmers of the National Chamber of Agrarian Economy conducted a national survey in March, the purpose of which is to find out the willingness of farmers...
Read more
The first results of the European farmers’ demonstrations were born
As a result of the cooperation of farmers at the European level, the European Commission has reconsidered the provisions of the Common Agricultural Policy in some areas. Thanks to the...
Read more
Pet Owners Spent More Than €182bn Worldwide Last Year
Pet owners spent €182.7 billion on their pets last year – a 6% increase on the previous year – on a global level, despite the challenging economic climate. In addition,...
Read more
European agriculture is under pressure from green ideology
European agriculture has never been under such a degree of pressure from green ideology – the Minister of Agriculture declared on Tuesday in M1’s program Ma reggel. István Nagy believed...
Read more
Tesco tests hyper-personalisation with Eagle Eye
Tesco is planning a hyper-personalised loyalty programme promotion for selected members of its Clubcard with technology company Eagle Eye. The collaboration with Eagle Eye on this is initially limited to...
Read more
Nestlé signs India venture with pharma group Dr Reddy’s
The Swiss giant’s Indian arm will initially hold a minority stake in the new business. Nestlé’s Indian arm has entered into a venture with pharma group Dr Reddy’s Laboratories to...
Read more
Poultry imports decreased by 21 percent
According to data from the European Commission, the EU’s (EU27) poultry meat exports increased by 17 percent to 171,000 tons in January 2024 compared to the same month of the...
Read more
Nébih: the State Fisheries Service prevented the planting of invasive fish species
The State Fisheries Service of the National Food Chain Safety Office (Nébih ÁHSZ) has already banned the planting of invasive fish species, such as silver crucian carp, in two cases...
Read more
The State Fisheries Service prevented the introduction of dangerous invasive fish species
The State Fisheries Service of the National Food Chain Safety Office (Nébih ÁHSZ) has prohibited the establishment of invasive silverfish in two cases this year so far this year, and...
Read more
KSH: retail turnover increased by 4.2 percent compared to the same period of the previous year, and by 2.0 percent compared to the previous month
According to raw data, the volume of retail sales in March increased by 3.6 percent compared to the same period of the previous year, adjusted for calendar effects, by 4.2...
Read more
Significant increase in retail trade – sector outlook
In March, retail sales volume increased significantly by 2% compared to the previous month, according to both seasonally and calendar-adjusted data. The trend is positive, however, business cycle indices suggest...
Read more
NGM: the recovery of consumption is becoming more and more dynamic, retail turnover increased by 4.2 percent in March, which means that consumption has increased for three consecutive months
Based on the latest data from the Central Statistical Office (KSH), the volume of retail trade increased by 4.2 percent in March 2024 compared to the same period of the...
Read more
GKID-Mastercard: the momentum of domestic e-commerce seems to be running out, while Chinese webshops are also conquering Hungary
The GKID-Mastercard Digital Commerce Survey reveals a challenging landscape for domestic e-commerce in Hungary as global competition intensifies. The 2024 edition of the report underscores the slowing momentum in the...
Read more
Retail sales increased in the euro area and the EU in March
Retail sales in the euro area and the European Union increased in both monthly and annual comparisons in March. According to data published on Tuesday by Eurostat, the statistical office...
Read more
AM: Hungary continues to strive for close cooperation with the FAO
Hungary continues to strive for close cooperation with the FAO, the Ministry of Agriculture (AM) told MTI on Tuesday. According to the announcement, Minister of Agriculture István Nagy, who received...
Read more
A fifth of Hungarian online shoppers are still careless
Almost three-quarters of the Hungarian population regularly buys and pays online (69 percent), and almost everyone (97 percent) is aware of the associated risks. Four-fifths of those surveyed use at...
Read more
Coviran wants greener footprint
Spanish retail cooperative Coviran is aiming to expand the use of renewable energy throughout its supply chain, in a bid to reduce its carbon footprint and make its network more...
Read more
MPL – We don’t mind that it’s available, but we don’t necessarily choose it
As of March 28, 2024, online stores are obliged to make Magyar Posta’s delivery services (also) available to their customers. Based on an April survey by Reacty Digital, the public’s...
Read more
An exciting, exotic world
Our magazine has asked the biggest players in the domestic rum and tequila categories about the market situation. This article is available for reading in Trade magazin 2024/5 Zoltán Kedves,...
Read more
K&H: sustainability is also profitable for businesses
Companies that incorporate sustainability into their operations enjoy significant advantages over their competitors that do not pay enough attention to this area, according to a recently published global survey of...
Read more
Serums here, active ingredients there
Traditionally women’s facial care products have been surrounded by greater interest, but as men’s skin care habits have changed in recent years, cosmetics for men are increasingly in the centre...
Read more
Changes in the Labor Market and Business Decision-Making Based on the IOM World Migration Report 2024
The International Organization for Migration (IOM) World Migration Report 2024 has unveiled significant data concerning global migration trends and challenges, which are particularly important for business decision-makers. The report emphasizes...
Read more
NIS2: who should be the person responsible for the security of information systems?
With the entry into force of the “Cyber Science Act” on cybersecurity certification and cybersecurity supervision, the implementation of the EU’s new NIS2 (Network Information System v2) directive into the...
Read more
Márton Nagy: artificial intelligence is inevitable
Artificial intelligence (AI) will have an inevitable and increasingly important role, but at the same time, everyone in the global economy is protecting their own technology, and trade wars are...
Read more
Beer consumption in the Czech Republic is at an all-time low
Beer consumption in the Czech Republic reached a historic low in 2023. Czech breweries brewed 20 million hectoliters of beer last year, 2.7 percent less than the previous year. Beer...
Read more
Functional foods in full force
Functional products include fortified foods and beverages, nutritional and dietary supplements, and various bars and snacks enriched with vitamins, minerals, probiotics, proteins and other nutrients. These products represent the perfect...
Read more
AB InBev building 0.0% tech in UK, sees opportunity in “adult refreshment”
AB InBev sees „a unique opportunity” in building its 0.0% portfolio in the area of „adult refreshment”. Anheuser-Busch InBev is building new de-alcoholisation technology in the UK as the world’s...
Read more
Walmart reportedly reducing in-store waste with AI
A new Walmart pilot reportedly provides store associates with artificial intelligence insight on products that may be close to expiration. According to CNBC, Walmart is testing an in-house-developed, AI-based solution...
Read more
Cross-border ecommerce reached 237 billion euros
The online European cross-border market reached a turnover of 237 billion euros in 2023. This is an increase of 32 percent compared to the year before. European online stores generated...
Read more
