Market News
GKI: Road to “economic neutrality”: Declining West?
The global economic and geopolitical analyzes of recent years are about the changing world order, the rise of new superpowers and new sources of growth, which have a great impact...
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The GDPR was nothing in comparison: the deadline for the creation of the NIS2 framework is approaching
Due to increasingly frequent cyber threats, the European Union drafted the NIS2 cyber protection directive in January 2023, which affects thousands of companies in Hungary alone. Hungary was one of...
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Wage growth in the IT sector continued in 2024, both domestically and internationally, and it will be no different next year
The salary trends experienced in the IT sector will continue to show growth in 2024, both in Hungary and internationally. The salary of Hungarian IT specialists has increased compared to...
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Hybrid working generates significant technological investments
Business technology spending is on the rise as executives look to make the most of hybrid working opportunities, according to new executive research from the International Workplace Group. According to...
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In the UK Tesco partners with The Guardian’s gourmet app
Tesco is launching the new “Feast” app from The Guardian with Tesco Finest products, bringing a modern approach to culinary culture. The partnership will be supported by a six-month integrated...
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Slovak-Hungarian cooperation in the protection of biodiversity
The Slovak National Agricultural and Food Industry Center (NPPC) together with the National Center for Biodiversity and Gene Preservation (NBGK) won support for the implementation of the project “Support for...
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Too Good To Go is fighting food waste in Australia too
Too Good To Go is now aiming to reduce food waste in Australia, where 7.6 million tonnes of food ends up in the bin every year, causing serious environmental and...
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NGM: the number of successful businesses with female management is increasing
The number of successful businesses with female management is increasing – stressed László Hunyadi, the Deputy State Secretary responsible for business development of the Ministry of National Economy (NGM) on...
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The Hungarian M&A market is gaining momentum
Despite the geopolitical uncertainties, the domestic transaction market remained active, according to EY’s recent report evaluating corporate mergers and acquisitions (M&A). Although the number of transactions decreased, their estimated value...
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On a winding trajectory
2023 was more predictable for the poultry market than 2022 had been. However, the effects of the inflation in 2022 haven’t gone away without a trace: retail sales aren’t yet...
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Game spotting
This article is available for reading in Trade magazin 2024/10 Retail trade continues to show a keen interest in game meat products and consumers are also becoming more open, according...
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Arla launches free milk ATM to mark Fareshare partnership
Arla Foods has launched the UK’s first free milk ATM in a London pop-up collaboration with Fareshare, to raise awareness of dairy poverty. Dubbed ‘The Milk Bank ATM’, the innovative...
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Kaufland Slovakia emphasizes local ranges
Kaufland shows its support for domestic Slovak producers. Industry reports show a general decrease in the share of national products on the shelves of large retail chains. Legislators repeatedly discuss...
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Soccer star Harry Kane invests in porridge-maker 3 Bears
England soccer star and Bayern Munich striker Harry Kane has invested in porridge manufacturer 3 Bears, launching his first ever business venture in Germany. Kane, who has been playing in...
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Tesco Ireland Invests €200m In Irish Supplier Partnerships
Tesco Ireland has invested over €200 million in renewals and expansions, as it redoubles its commitment to multi-year partnerships with Irish suppliers. Ireland’s number-two retailer has announced that it will...
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Growing international interest in Hungarian-developed products with reduced deuterium content
With the support of the Hungarian Export Development Agency Nonprofit Zrt. (HEPA), HYD Rákkutató és Gyógyszerfälzejő Kft. participated in the world’s most important pharmaceutical industry event, the CPhI Exhibition, which...
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The price of butter has risen to a record high in Europe: bakeries and confectioneries face challenges
The price of butter has set a historic record in Europe, which presents serious challenges to bakeries and confectioners, especially in preparation for the upcoming Christmas season. Several factors are...
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The price of root parsley in Poland is at a historic high
At the beginning of October, there was a slight price drop in the root parsley market in Poland. Even though prices have decreased somewhat, vegetable prices are still at historic...
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Dramatic decrease in rapeseed area in Hungary
The cultivation of autumn rapeseed shows a significant decline in Hungary. While in 2018, the rapeseed area was 330,000 hectares, this year it is expected that it will not even...
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Hurricane Milton is also affecting the global orange juice market
Hurricane Milton severely affected Florida’s orange production, causing significant crop losses in the state’s most important citrus regions. The state has been dealing with a disease called citrus greening for...
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Table grapes can withstand climate change well
Fruit growing faces more and more challenges due to the changing weather, but table grape growing promises an encouraging future in Hungary. According to the analysis of the National Chamber...
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Difficult years in the Hungarian food industry: Éder Tamás on the downturn
In the past three years, the performance of the Hungarian food industry has been extremely volatile, which was reinforced by market challenges and the changing regulatory environment. At the CIB...
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The Hungarian presidency wants competitive and sustainable agriculture
The Hungarian Presidency of the Council of the European Union wants an agriculture that is competitive, crisis-proof and sustainable, farmer-friendly and knowledge-based, the Hungarian Minister of Agriculture stated on Monday...
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The bird flu virus was also detected in Csongrád-Csanád county
After the counties of Békés and Jász-Nagykun-Szolnok, the presence of bird flu was also identified in the county of Csongrád-Csanád by the laboratory of the National Food Chain Safety Office...
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Beiersdorf Outlines Plans To Be Climate Neutral By 2045
Skincare manufacturer Beiersdorf has said that a ‘far-reaching transformation’ will be required to achieve net zero emissions by 2045, but added that it is committed to the cause. The Nivea...
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The government has opened all possibilities for young farmers
Within the framework of the EU and even in its domestic toolkit, the Ministry of Agriculture has long been making maximum use of all opportunities in order to create additional...
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Asda and Colgate donate 70k dental kits to UK schools
Asda has partnered with Colgate to launch a new initiative that will see more than 70,000 free dental kits sent to over 1,600 schools in some of the most deprived...
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Global sustainable plastic packaging market to grow to $122.4b by 2029
A key driver includes the focus on reusable packaging to meet environmental goals. The global demand for sustainable plastic packaging is projected to grow from $86.6b in 2024 to $122.4b...
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Tens of billions of forints in damages were prevented by the national ice damage mitigation system this year as well
Despite the extremely stormy weather, there was much less ice damage in our country than in other countries of the region. The national ice damage mitigation system operated by the...
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Our country proudly preserves its viticultural and winemaking heritage
Hungary is committed to preserving its viticultural and oenological heritage – Minister of Agriculture István Nagy declared at the conference held on the occasion of the 100th anniversary of the...
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