Market News
KSH: In the third quarter, the economic performance decreased by 0.7 percent compared to the same period of the previous year
The volume of Hungary’s gross domestic product (GDP) in the third quarter of 2024 was 0.8 percent lower than in the same period of the previous year based on raw...
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Animal Processing in 2024: Increasing Pork and Poultry Slaughter, Decreasing Cattle and Sheep Processing
In the first three quarters of 2024, animal processing data in Hungarian slaughterhouses showed mixed results. While pig and poultry slaughterings showed a significant increase, cattle and sheep processing declined,...
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Home renovation: a new opportunity with the SZÉP card
According to the government’s decision, from 2025, 50% of the amount available on the SZÉP card can be used for home renovation. This includes the following expenses: Purchase of hardware,...
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More and more Hungarian e-retailers are moving their headquarters to Slovakia
In recent years, more and more Hungarian online retailers have decided to relocate their operations to Slovakia. Although corporate tax in Hungary is one of the lowest in Europe (9%),...
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MOHU: kitchen food waste can also be disposed of at waste yards
In addition to the door-to-door collection of kitchen food waste, which was launched as a test, MOHU has also made it possible to drop off such materials at certain waste...
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The crisis of spicy peppers: declining production and growing challenges
The Szeged spice paprika, once a pride of Hungarian gastronomy and agriculture, is now facing serious challenges. Weather extremes, rising costs and import pressure all contribute to the fact that...
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Tesco for people with disabilities
On the occasion of the International Day of Persons with Disabilities on December 3, Tesco also prepared a Santa Claus as part of a competition launched jointly with the National...
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Cucumber prices: Rising prices in Europe
Cucumber prices have risen significantly on European wholesale markets in recent weeks. According to a report by FruitVeB, by mid-November, the price of imported cucumbers on Polish wholesale markets had...
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Tea garden near Budapest? Yes! And now anyone can be a part of it!
“Tea is not only important in the Far East or in Anglo-Saxon culture. This noble drink also has a place in Hungary, which also has community-building power.” This is the...
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Pumpkin: a versatile and healthy winter treat
Pumpkin is a favorite vegetable of the autumn and winter months due to its characteristic taste, and is a popular addition not only to the table but also to home...
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Turkey sector faces serious growth opportunities
According to the data of the Hungarian Turkey Association, the demand for turkey meat in our country has further decreased, while market concentration has continued, but global effects predict positive...
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The state can digitize, the question is how to go about it
Modern government supports the modern economy, and governments and public sector organizations are also moving forward on the path of digital transformation. Now, however, they must accelerate their pace and...
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Fifteen master butchers received their master’s certificates
The National Chamber of Agriculture and Food inaugurated master butchers, and after the training and master exam, fifteen received their master certificates. After successfully passing the master exam organized with...
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The AI-revolution is yet to come
40% of companies are just getting to grips with the business potential of AI technology. This article is available for reading in Trade magazin 2024/11 Although three quarters of firms...
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TISZA-COOP pays special attention to domestic products
This year TISZA-COOP Zrt. won the trade special prize of the Retail Award of Excellence for Hungarian Products 2024 competition, which the company received with great pride. This article is...
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Retail Award of Excellence for Hungarian Products: success for CBA and domestic products
For CBA Kereskedelmi Kft. winning the 2024 Retail Award of Excellence for Hungarian Products isn’t only an honour, but also a strong confirmation of its commitment to Hungarian products. This...
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SPAR Magyarország wins customer award
SPAR Magyarország has won the Customer Award of Excellence in the Retail Award of Excellence for Hungarian Products 2024 competition. We asked head of communications Mark Maczelka about the recognition:...
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FAO global food price index spikes
The global index of food commodities jumped to its highest level in 18 months, following a surge in vegetable oil prices, reported the Food and Agriculture Organization of the United...
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Lidl among retailers and Coca-Cola in the FMCG sector win Most Attractive Employer 2024
For the 8th time PwC Hungary has surveyed labour market preferences and presented the Most Attractive Employer awards. Winners were named in ten sectors and the overall category, and the Most Attractive...
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Alibaba launches new AI-based search engine for SMEs
Alibaba International has unveiled the beta version of its AI-based global b2b search engine for small and medium-sized retailers and customers, called Accio. This article is available for reading in...
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Cybersecurity = business interest
According to the ESET SMB Digital Security Sentiment Report, more than two-thirds of SMEs had a data security incident in 2022, with an average estimated cost of almost EUR 220,000...
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Once again Coop helps children in state care
Coop Aid Foundation and CO-OP Hungary Zrt. have donated almost 60 tonnes of Coop private label staple foods to help around 2,700 children in state care. The retail chain contributes...
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Lidl: from hard discounter to market-leading retailer
Lidl started its operations in Hungary on 18 November 2004 and today it is the first choice for 3.5 million consumers when it comes to shopping. Currently 210 stores...
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Young people value sustainability and environmental protection the most
According to the a joint survey by the Bosch Group and Richter Gedeon Nyrt., the climate crisis and the finite nature of natural resources are the biggest challenges for more...
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The price of L-sized eggs decreased the most
According to AKI PÁIR data, the packing house price of caged table eggs (M+L) in Hungary was 49.47 forints/piece in the first forty-seven weeks of 2024, which was 14.6 percent...
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Soproni’s “rock” promotion comes to an end
Nearly 23,000 votes were cast by music-loving beer fans in the Soproni beer competition. Participants of the nationwide promotion could win an exclusive Tankcsapda concert for their favourite pub. Out...
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Equilor’s latest book helps small investors navigate the world of options
The latest member of the educational book series of Equilor Investment Co., Ltd., has been published, the book entitled “Options”. The fourth member of the book series introducing basic financial...
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Development programs ensure the future of the Hungarian pig sector
Development programs ensure that producers in Hungary can produce high-quality pork efficiently and competitively – said the State Secretary for Agriculture and Rural Development of the Ministry of Agriculture (AM)...
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Unilever invests $105m in in-house fragrance innovation
Unilever is investing $105.58m (€100m) to expand its fragrance design and creation capabilities across its global product portfolio. The investment will allow the company to take greater control over the...
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Spending on snacks up 70% in Germany
German snack consumption has soared in recent years, with spending up 70% since 2018, according to the latest YouGov research. While nearly one in two Germans snack regularly, a third...
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