Market News
96% of Europeans shopped online in Q1
At least 95.8 percent of European consumers shopped online in the first quarter of this year. In the United Kingdom, that percentage was 93 percent. And in the Netherlanders, 96...
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In agriculture, the strength for progress is still provided
By using the resources of the new tenders, the agrarian sector can be renewed with HUF 2,900 billion. The goal of the subsidies is to put the domestic agriculture and...
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Colruyt Group tests same-day delivery and pick-up with refrigerated lockers
Collect&Go has started a trial with same-day pick-up and same-day delivery. Another one of Colruyt Group‘s subsidiaries, Okay, is responsible for the assortment and preparing the orders. Quick and easy...
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Producer prices for soybeans and rapeseed exceeded last year
In Hungary, according to AKI PÁIR data, edible wheat was traded at an average producer price of HUF 72.9 thousand per ton without VAT and transport costs in the third...
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In May, the economic index of the GKI barely changed
According to a survey conducted by GKI Gazdaságkutató – with the support of the EU – in May, the prospects of the business sector and the population did not change...
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Self-checkouts also need a better strategy to succeed
Grocery Dive’s report on self-service checkouts and Mordor Intelligence’s forecast suggest that the self-service checkout market can grow by an average of 10.2% per year between 2024 and 2028. This...
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Significant Hungarian involvement in international advertising self-regulation
New presidency at the head of the European Association of Self-Regulatory Organizations (EASA). Orla Twomey, head of the Irish advertising self-regulatory organization (ASAI), has been elected as a new president....
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MATE’s big milk overview – Let’s get to know our most popular milks more closely
Would you have thought that among the many domesticated animals, milk-producing animals were the first? Did you know that in the early 1900s, goat’s milk was used as a medicinal...
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The Council of the EU approved the legislation on net zero emission industry
The Council of the European Union has finally approved the legislation on net zero emission industry, the purpose of which is to make the EU’s internal market capable of achieving...
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Cooperation between Andrássy Kúria & Spa and Tokaj Hegyalja University for the development of the tourism sector
Andrássy Kúria & Spa and Tokaj Hegyalja University have signed a cooperation agreement on the launch of dual training, in which university students will have the opportunity to gain practical...
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The domestic event market is changing: astronomical ticket prices, narrowing target audience, focus on experience and digitization
The event industry has gone through turbulent years, which brought serious changes not only in our country, but also on the international scene. The COVID measures literally drove the market...
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More than a fifth of young people are unable to put it aside
The overall picture of young people’s savings remains mixed according to the K&H youth index. The vast majority of them, 78 percent, put it aside regularly or occasionally, while 22...
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The Brewers Forum in Lille: A Pivotal Moment for Europe’s Beer Industry
The historic city of Lille, France, usually synonymous with wine, recently hosted an unprecedented event from May 26 to 30—The 6th Brewers Forum and the 39th European Brewers Convention (EBC)....
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Domestic melons will soon appear in stores
A constant temperature above ten degrees is considered perfect weather for the development of plants, including melons, so there is still no weather factor that could influence the favorable ripening...
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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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