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International food prices have been decreasing for almost a year
The 11th month of global food prices has been on the ground after the decline in February – marginal – experts from the UN Food and Agricultural Organization (FAO). The...
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The Hungarian Food Bank Association helped the needy with HUF 10 billion worth of food in 2022
In 2022, a total of 239,000 needy people benefited from the near-expiry or defective products that the Hungarian Food Bank Association collected from stores and manufacturers. In 2022, we increased...
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Where is the line drawn: when do we talk about excessive shopping?
For many of us, the beginning of the year is about renewal, starting over, and getting rid of our bad habits. Yet this is in interesting contrast to the end...
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The new EU proposal would be impossible for chicken and egg production
It would cause serious damage to the European Union, such as the Hungarian, chicken and eating egg producers, if the European Food Safety Authority (EFSA) had been implemented in the...
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PepsiCo aims to capture new consumption occasions
Executives at PepsiCo, Inc. are eyeing opportunities to add the company’s snack brands to more meal occasions. “More and more we’re experimenting with how Lay’s can substitute potatoes in many...
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The social significance of Hungarian wine is still overwhelming in the vineyard and wine sector
Last year, better quality wines were added to the Hungarian cellars, said dr. Márton Nobilis, State Secretary for Food and Commerce Policy, the Ministry of Agriculture, at the 11th Wine...
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Revolut Launches 3% Cashback Service For Customers
Revolut, the global financial app, has launched a new way to shop, whereby customers earn cashback from their favourite retailers. The new service – Shops – lets users search and...
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Waitrose ends partnership with Heston Blumenthal after 12 years
Waitrose is set to end its long-standing partnership with chef, Heston Blumenthal as it takes a ‘new direction’. The Heston from Waitrose range, which has been ongoing for the last...
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Start the new agricultural support website of the Ministry of Agriculture
Within the framework of the Common Agricultural Policy Strategy Plan, the Ministry of Agriculture launches a new website for the widespread information of farmers as possible to present the rules...
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Power supply anywhere, anytime – portable power plants have entered the market
The Euronics Technical Store chain is targeting a new market – portable electric power plants can be an excellent addition to our home’s energy supply in addition to the runaway...
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Oils under price pressure
Sunflower oil’s dominance continues in the cooking oil market. Hungary produces enough sunflower seed, so we don’t need to worry about supply problems. Currently there is a HUF 720/litre price...
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Euromonitor International: top 10 global consumer trends in 2023
Every year Euromonitor International publishes its forecast of global consumer trends, which seeks to assist companies in staying one step ahead of the disruption, seeing the shopping motivations of consumers...
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The extra profit tax rules have been changed again, and so did retail tax
62/2023 was announced yesterday. (II.28.) Government decree which, with effect from March 1, retroactively modifies the extra profit tax rules in connection with certain provisions. Specialists from the international tax...
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K&H: Large companies also suffer from high energy prices
Large companies are sensitively affected by the rise in energy prices, but fortunately their operations are not threatened, according to the last quarter measurement of the K&H large company growth...
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Transfer pricing is the most problematic tax issue for multinationals here as well
Tax authorities around the world are trying to increase state revenues, and in this they also use data analysis and artificial intelligence. One of the most controversial areas in the...
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Inflation in the euro area eased less than expected
Inflation in the euro area slowed less than expected in February, but continued to move away from October’s record level, the statistical office of the European Union announced on Thursday....
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Tax knowledge is being added to Coca-Cola’s free educational platform
The education platform of Coca-Cola HBC Magyarország Kft. is expanding its free online learning materials with tax knowledge covering four topics – the soft drink company announced to MTI on...
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Already 133 companies have expressed their high level of commitment to sustainability in Hungary
The Hungarian Business Council for Sustainable Development (BCSDH) has reached a new level in corporate sustainability as an organization bringing together the top managers of 133 responsible companies. At the...
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Only 0.16 seconds are spent on the packaging on store shelves
The packaging is a decisive factor in the sale of a product, as it can be used to infer its quality and value on the one hand, and on the...
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Inspiration, science and innovation – this is how the future of the organic farming industry is shaping up
On February 28, 2023, the Ecological Agricultural Research Institute (ÖMKi) organized the Ecological Farming – Sectoral Conference for the fourth time, which this time was hosted in Kecskemét, at the...
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It is important that customers recognize the advantages of domestic products
A priority goal is to make domestic fresh and high-quality food available to everyone at an affordable price, stated Dr. Márton Nobilis, State Secretary of the Ministry of Agriculture responsible...
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TikTok Tops For Social Media-Based Shopping, Study Finds
Livestream shopping on social media has gained popularity since the COVID-19 pandemic, blending engaging content with an option to purchase products, and indeed many analysts are predicting that ‘social commerce’...
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Thomas Müller takes a stake in Organic Garden start-up relying on the “farm to fork” concept
The year begins with another highlight for Organic Garden. After Mario Gómez and the KRONE Group, FC Bayern record player Thomas Müller now also invests in the sustainable concept of...
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Vegetable and fruit cultivation is at the forefront in the use of modern technologies
The application of precision technologies, the integration of automation, robotization and digitization in vegetable and fruit cultivation cannot be neglected – said Minister of Agriculture István Nagy at the 8th...
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Agrometeorology: autumn sowing would benefit from rain
Precipitation would be good for autumn sowing, because February was quite dry in a large area, the National Meteorological Service wrote in its weekly agrometeorological analysis. In the analysis published...
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Delhaize Belgium Opens 50 Autonomous Stores In One Year
Delhaize Belgium has opened 50 autonomous stores for the workplace since the opening of its first outlet in this format at the end of February 2022. Delhaize Belgium and Selecta now...
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There was a 26% food inflation last year
Data by the Central Statistical Office (KSH) reveals that consumer prices soared 14.5% on average in 2022, and the price increase was the biggest in the food category at 26%....
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The only way is up from here
A global survey by Ipsos – conducted in July 2022 – came to the conclusion that it is Hungarian consumers who are getting ready to face the biggest challenges. According...
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Investments decreased by 6.3%
In the fourth quarter of 2022, the volume of investments decreased by 6.3%, after a 5.2% increase in the previous quarter, while it decreased by 5.5% compared to the previous...
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BMI: Solid expansion in February
The seasonally adjusted February value of the Purchasing Manager Index (BMI): 56.5. Compared with the previous February values, this year’s value is higher than the long-term average for this month...
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