Events
Agricultural insurance claim payments decreased in 2023
Agricultural premium income totaled HUF 32.8 billion (-10 percent), and damage payments totaled HUF 12.1 billion (-77.2 percent) in 2023. Thus, revenues decreased by a tenth and payments by almost...
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Card payments continue to grow in Germany
According to data from the EHI research centre, card payments in the German retail sector have reached €300 billion for the first time. Girocard is particularly popular with shoppers. „The...
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The aflatoxin load of Hungarian consumers was examined by Nébih specialists
The University of Debrecen and the National Food Chain Safety Office (Nébih) participated in a joint project entitled: “Determining the short-term and long-term aflatoxin exposure of Hungarian consumers in the...
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Twenty years in the EU: how has Hungarian consumption changed?
On 1 May 2004 ten new member states joined the European Union, including Hungary. In connection with this, GKI has examined how the consumption of the population changed during the...
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Carefree consumers? Considerable differences in the middle-aged camp
Although inflation receded, the income of middle-aged people did not increase significantly, so the proportion of those who see their financial situation as good or poor did not change significantly....
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18+! Will cola be next after the energy drink?
According to the new regulations coming into force in Hungary, it will be forbidden to sell or serve energy drinks to people under the age of 18 if the caffeine...
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Márton Nagy: retail trade and food consumption have picked up, tourism has grown by 15 percent
Economic growth will start again next year: after this year’s 2.5 percent, a 4.1 percent expansion is expected in 2025, the Minister of National Economy said on Wednesday in Debrecen,...
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The annual growth rate of food, alcoholic beverages and tobacco prices slowed to 2.6 percent in March in the eurozone
In accordance with the preliminary estimate, the annual inflation in the euro zone slowed down in March, according to the final data published by Eurostat, the statistical office of the...
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A lot of imported tomatoes arrive to Hungary
About 20,000 tons of tomatoes arrive in Hungary from abroad every year, especially in the period between October and March. Based on the information from FruitVeB, the Agricultural Sector highlighted...
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NAK is concerned about EU food safety in relation to imported products
While the European Commission requires its own producers to comply with the strictest food safety standards in the world, it allows salmonella-infected Ukrainian chicken meat to enter without restrictions. The...
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Creativity and artistic expertise as the basis of business success?
A relevant question is how those who work in the art and culture field or who would come to this field as investors can build a brand that can be...
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Alcampo’s private label range grew by 5% last year
Spanish hyper- and supermarket chain Alcampo launched around 281 private label food, drug and perfume products last year, which meant a 5% rise in its private label assortment compared to...
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An immediate revision of EU regulations on imported products is necessary
While the European Commission requires its own producers to comply with the strictest food safety standards in the world, it allows salmonella-infected Ukrainian chicken meat to enter without restrictions. The...
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Lucozade unveils biggest relaunch to supercharge UK drink sales
Lucozade has unveiled its biggest relaunch in the brand’s history, as it rolls out a new masterboard platform to supercharge sales of its drinks across the UK market. The “Bring...
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British inflation is at a two-and-a-half-year low
The pace of annual British inflation slowed to a two-and-a-half-year low in March. According to data presented by the British Statistics Office (ONS) on Wednesday, consumer prices were on average...
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Sándor Czomba: the proportion of guest workers is low, jobs cannot be taken away from Hungarians
Hungary belongs to the Hungarians, it is only possible to temporarily stay and work in our country for the purpose and legal title determined by the Hungarian state, and if...
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Consumers continue to blend in-store, online shopping methods
Nearly three-quarters of U.S. consumers are embracing the omnichannel shopping journey. Seventy-three percent of consumers blend online research, physical store visits and options such as buy-online-pickup-in-store or in-store returns before...
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REWE Opens Its First 100% Plant-Based Supermarket In Berlin
German retailer REWE has opened its first purely plant-based supermarket in Berlin, offering more than 2,700 vegan products. The store is the first vegan outlet for REWE Group, which operates...
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A new chapter in the development of Hungarian agriculture: HUF 475 billion in the name of sustainability and innovation
In accordance with the strategic plan of Hungary’s KAP (Common Agricultural Policy), new calls for tenders have appeared, which are intended to promote the modernization and sustainable development of the...
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Vegan Food Group acquires Germany’s TofuTown
In its largest acquisition to date, Vegan Food Group has bought German organic meat producer TofuTown, making it a key player in the European plant-based market. This article is available...
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Hungary has been in the EU for 20 years: how has foreign trade changed?
On May 1, 2004, ten new states joined the European Union, including Hungary. In our series of articles, we use one indicator to explore how the situation of our country...
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2024 could already be the year of growth in retail
This year could be the year of growth in Hungary after the previous year’s recession, to which we expect the expansion of consumption to make a substantial contribution. However, retail’s...
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Climate change will further increase food inflation
Rising temperatures and extreme weather events can have a serious impact on agriculture and food inflation, according to a recent study by the Potsdam Climate Change Research Institute (PIK). According...
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K&H: three thousand forints is not enough for two hamburgers today, two years ago it was three
“Child inflation” slowed further, but it is still 8 percent on an annual basis. The price of the product basket, compiled based on children’s consumption habits, increased by that much....
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IMF: this year’s outlook for the world economy has improved minimally
According to the International Monetary Fund (IMF), overall, this year’s outlook for the world economy has improved minimally since the organization’s previous forecast in January. According to the revised World...
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FAO’s guide to International Potato Day helps you prepare for the first World Potato Day on May 30
While preparations are already underway for the first celebration of International Potato Day, the Food and Agriculture Organization of the United Nations (FAO) is already trying to draw attention to...
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Employee turnover has moderated, but it does not bring relief
At the national level, employee turnover decreased significantly, decreasing to 28 percent last year, from 33 percent a year earlier. However, companies can’t breathe a sigh of relief, because this...
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Inflation accelerated in Italy in March
In Italy, instead of the 1.3 percent reported on the basis of the preliminary estimate, consumer prices rose by 1.2 percent year-on-year in March, following the 0.8 percent increase in...
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KSH: The number of foreign guest workers in Hungary has increased
According to the latest data from the Central Statistical Office (KSH), the number of foreign guest workers in Hungary increased significantly in 2023. In the publication Helyzetkép, 2023 – Labor...
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The processing selling price of wines has increased
According to AKI PÁIR data, the sales price of domestically produced and domestically sold wines without a geographical indication, as well as wines with a protected geographical indication, rose by...
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