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Experts expect online fraud to increase as Christmas approaches
As Christmas approaches, cybercriminal activity may increase, and online fraud may increase – financial and law enforcement experts warned on Wednesday at a background discussion in Budapest organized by the...
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Economic recovery expected to be slow – latest DUIHK survey
The German-Hungarian Chamber of Commerce and Industry (DUIHK) presented its 2024 autumn economic survey on November 14, highlighting a slow path to recovery for the Hungarian economy. The study, based...
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CÖF-CÖKA: multinational companies should include small villages in their delivery portfolio
The Civil Solidarity Forum (CÖF) – Civil Solidarity Public Benefit Foundation (CÖKA) recommends that multinational companies operating in Hungary and businesses involved in food trade expand their delivery portfolio –...
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This is how generations of Hungarian workers complain – national research with Krisztián Steigervald
An average Hungarian adult belongs to only 2-3 communities in their life, apart from their family and workplace1. A recent, national study shows that when changing jobs, the majority of...
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Péter Szijjártó: South Korea’s largest food company is building its first factory in the region in Hungary
South Korea’s largest food company is building its first Central European factory in Hungary, creating two hundred new jobs in Dunavarsány, Minister of Foreign Affairs and Trade Péter Szijjártó announced...
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DRS System in Hungary: Tips for Successful Returns
On January 1, 2024, Hungary launched the DRS (Deposit Return System), enabling the return of single-use beverage containers – including metal, PET, and glass bottles – ranging from 0.1 to...
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eMAG’s new credit developments: more convenient installment payments for Hungarian customers
eMAG has introduced a significant development that makes online shopping on credit even easier and more convenient. With the addition of OTP Bank, the products of eMAG and Marketplace partners...
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K&H: large programs drive green loans
According to data from the Hungarian National Bank, the total green corporate and municipal loan portfolio has increased more than ninefold from 69 billion forints at the end of 2020,...
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Preparing for the holiday peak: this is how courier services operate during the Christmas period
As the holiday season approaches, online stores and courier services are preparing for the busiest time of the year. Based on the experience of recent years, the number of orders...
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This is how Hungarian companies can protect themselves against energy price fluctuations
The use of long-term green energy purchase agreements (PPAs) can significantly strengthen the competitiveness of European, including Hungarian, companies. The European Union encourages member states to promote the use of...
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Nébih inspected dairy departments
The dairy departments of commercial units were inspected by experts from the National Food Chain Safety Office (Nébih). During the inspection, products with expired shelf life and unmarked sliced cheese...
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Aldi needs more customer data
Aldi must dig deeper into data to get closer to its customers. Germany’s Aldi is doubling down on price to defend its position as the price setter in its domestic...
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Fish farmers do not plan to raise prices for this Christmas season either
Fish farmers do not plan to raise prices for this Christmas season either, if retail chains also apply last year’s margins, families will be able to get their holiday fish...
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Prospects for the real estate market are improving: recovery expected in 2025
Despite the sector’s subdued results this year, the outlook for next year is already encouraging; the market bottomed out in 2024, but a recovery has begun. In addition to the...
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The future of digital banking: personalized customer experience and next-generation technology
The results of Deloitte’s latest Digital Banking Maturity 2024 research show that the digitalization processes that began during the COVID-19 pandemic have not slowed down, but have gained new momentum...
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Thousands protest in London against inheritance tax on farms
Thousands of people demonstrated in London on Tuesday against inheritance tax on agricultural businesses. Scotland Yard estimates that more than ten thousand people took part in the demonstration organized in...
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Social commerce predicted to reach $1 trillion by 2028
A new study forecasts skyrocketing growth for the social commerce marketplace. The global social commerce market is expected to gross $688 billion in 2024, 20% more than almost $571 billion...
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Intermarché Steps Up Measures To Create A Transparent Value Chain
French retailer Intermarché has decided not to commence trade negotiations for 2025 with dairy manufacturers until they reach a first level of agreement with their producers and suppliers. Intermarché has...
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Magosz: more than 50 thousand people have already signed the agricultural petition
More than 50 thousand people have already signed the agricultural petition, the Association of Hungarian Farmers’ Associations and Cooperatives (Magosz) announced on its Facebook page on Wednesday. The post stated...
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Nestlé to spin off water business in attempt to fuel growth
Nestlé said the new management of the drinks assets will “evaluate the strategy” for the business, including “exploring partnership opportunities”. Nestlé is to separate its water and “premium beverages” activities...
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Gruppo Tonazzo gives up meat products for a plant-based future
Italy’s iconic meat processor Gruppo Tonazzo has announced that it will stop the manufacturing of all meat-based products by the end of the year. The company will focus on the...
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The producer price of raw milk increased by 17 percent in a year
According to AKI PÁIR data, the national average producer price of raw milk in Hungary was 182.86 forints/kilogram in October 2024. With an improvement in fat content of 0.16 percentage...
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The customer is the important to everyone, everywhere, at all times – We were learning together (Business Days 2024 Part 1)
Wednesday morning of the Business Days conference, the topic was a general market assessment of the past year and a half, in the light of the shopping habits of households...
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Coface: the region’s mammoth companies achieved growth in difficult times
The countries of the Central and Eastern European region performed poorly last year: the region’s aggregate GDP grew by just 0.7 percent year-on-year, the weakest figure of the current century....
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Generational change is increasingly a concern for Hungarian businesses
Surveys in recent years have shown that while Hungarian private businesses are addressing the issue of generational change, they are not doing so with the weight that is appropriate for...
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Supermint visited the dairy section of grocery stores
In the Supermint program, this time the dairy departments of commercial units were inspected by experts from the National Food Chain Safety Office (Nébih). The official inspectors visited 30 stores...
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The Food Rescue Center’s Advent Charity Campaign
The Food Rescue Center Nonprofit Ltd. (ÉMK) is launching its charity food collection campaign this Advent season with the support of the Ministry of Agriculture. This Christmas, the Center will...
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The Milk Product Council and the Hungarian Dairy Experimental Institute Ltd. are educating together
The Milk Product Council and the Hungarian Dairy Research Institute Ltd. are launching a series of articles entitled “Butter Definition”, which aims to clarify information about butter, dispel misconceptions, and...
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The country’s largest school fundraiser has launched
All Hungarian kindergartens, primary and secondary schools can join the country’s largest school fundraiser. The organizers of the Christmas Smiley Elves campaign, which will run from November 11 to December...
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The price of bone-in chicken breast and chicken breast fillet also decreased significantly
According to KSH data, Hungary’s poultry meat exports increased by 2.4 percent to 142 thousand tons in the first eight months of 2024 compared to the same period in 2023....
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