Events
The world’s largest collection of privately owned Scotch whiskey is auctioned
The world’s largest privately held collection of Scotch whiskeys is being auctioned for 7-8 million pounds (2.7 – 3.1 billion HUF). The collection consist of more than 3,900 bottles. Australian-based...
Read moreThe price of Chinese pork increased significantly
Pork prices in China jumped sharply in November, pushing inflation to an 8-year high – according to origo. African swine fever is putting the world’s second largest economy in an...
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Healthy foods – within an arm’s reach
The market of functional foods is growing in Hungary. Tamás Czepanecz, brand manager of Nestlé Hungária Kft. told us about the segment of cereal products that sales results were developing...
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Will the ‘green wave’ affect this year’s Christmas season?
NMS Hungary’s nationwide Hungarian panel study, done with 800 respondents, has been focusing on how Hungarian consumers intend to spend the Christmas period and whether the recently adopted environmentally conscious...
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Spar Austria Announces Plan To Expand Forecourt Business
Spar Austria has announced plans to launch 20 new Spar Express forecourt outlets across the country, over the next 14 months. The retailer has revised the layout of new Spar...
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Google has 100 reasons for consumers to shop this holiday season
Google continues to position itself as an e-commerce marketplace, adding a new list of trending holiday products. Known as Google Shopping 100, the list showcases products that have shown the...
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Carrefour Belgium Introduces Bags Made Of Ocean Waste
Carrefour Belgium has announced that it has introduced a new range of reusable and recyclable carrier bags derived from ocean waste. The new range includes three varieties – a tote...
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Forecast for 2020
The growth rate of Hungary’s GDP accelerated to around 5 per cent in 2018 and 2019, one of the fastest in the EU. Thus, the Hungarian growth rate exceeded all...
Read moreKSH: prices increased by 3.4 percent in November
In November, consumer prices increased by 3.4 percent, compared to the previous year on average, down from 2.9 percent of a month before. Prices rose an average of 0.1 percent...
Read moreThe IMF has improved the growth forecast for the Hungarian economy further for this year and next
The IMF has further improved Hungary’s forecast for economic growth for this year and for the next year. The International Monetary Fund (IMF) increased it to 4.9 percent for 2019...
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ITM: Christmas checks serve the safety of consumers
The Christmas audits, which began in mid-November and end through December, affect consumers’ financial and product safety – Keszthelyi Nikoletta, Deputy Minister of protection of the Ministry of Innovation and...
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The 2019 Professional Awards of the Hungarian Sommelier Association were announced
This year the Hungarian Sommelier Association (Masosz) has awarded Par Excellence professional awards in five categories. The recognition given to Masosz’ membership votes will be given to domestic professionals who,...
Read moreWild boar carcass infected with African swine fever was found in Békés
An African swine fever (ASP) virus has been detected in a wild boar in the outskirts of the village of Biharugra, Békés County, by the Laboratory of the National Food...
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Over the course of two weekends, the NOE collected more than 11 tons of durable food
Eleven and a half tons of durable food was collected by the National Association of Large Families (NOE) nationwide on two November weekends, the organization’s president announced on Tuesday in...
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ZEW: Euro-area investor sentiment at a twenty-month highs
Instead of the expected decline, the Eurozone investor sentiment index of the ZEW Economic Research Institute in Mannheim rose significantly to its 20-month high in December. The mood index in...
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Colombia Launches Plan To Guarantee Sustainable Coffee Production
Colombia, the world’s top producer of washed arabica, has laid out what it called a road map to guarantee sustainable production of coffee for the next decade, with plans to increase quality...
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Netto Marken-Discount Introduces ‘Apeel’ Coated Avocados
German discounter Netto Marken-Discount has introduced avocados coated in an innovate layering that prolongs the shelf life of the product. The invisible coating, made of plant-based ingredients, has been developed...
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Grocery Sales In UK Slow As Shoppers Take Advantage Of Black Friday: Nielsen
Grocery sales slowed to +0.2% in the UK in the four weeks leading up to the start of December, as shoppers directed their spend towards Black Friday offers, according to...
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KSH: export surplus increased by 300 million euros in October
In October, exports grew by 6.7 percent in euro and imports by 3.6 percent year-on-year. The foreign trade surplus was 514 million euros, 300 million euros more than a year...
Read moreNébih has expanded its infected area due to swine fever
African swine fever (ASP) was confirmed by the laboratory of the National Food Chain Safety Authority (Nebih) in the immediate vicinity of the previously infected Pest County closed wildlife park....
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A Christmas market selling products made by people with disabilities was opened in Budapest
A Christmas market selling the products of development agencies run by DG Social and Child Protection, (ie products made by people with disabilities), was opened on Monday in the DG...
Read moreThe University of Debrecen is researching the health effects of Mádi wine
The health effects of Mádi wine are being researched at the new laboratory research facility of the University of Debrecen. According to a statement of the university sent to MTI...
Read moreEuropean Court of Auditors: teh utilization of EU measures to stabilize agricultural income is low
The EU measures to stabilize farmers’ incomes have only partially achieved their objectives, with low and uneven utilization and some targeted measures may lead to disproportionate compensation payments – the...
Read moreGrowth in retail sales in the Czech Republic slowed down
In October, retail sales growth in the Czech Republic declined to 3.4 percent year-on-year. In September, the figure has already been revised to 7.1 percent -the Czech Statistical Office annunced...
Read moreChina is preparing to exempt certain US agricultural products from additional duties
China is preparing to exempt a certain amount of US soybeans and pork from surcharges imposed during the trade war between the two countries – the Xinhua State News Agency...
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The Sentix euro area investor sentiment index improved in December
Instead of the expected decline, the Sentix Economic Research Institute’s Eurozone Investor sentiment index picked up slightly. The Perception of prospects reached a two-and-a-half-year high. The cumulative index was 0.7...
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Global Report on Food Crises: acute hunger still affecting over 100 million people worldwide
A report presented today jointly by the European Union, the Food and Agriculture Organization of the United Nations (FAO), and the UN World Food Programme (WFP) finds that around 113...
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DS Smith Profit Jumps 15% On E-Commerce Boost
UK-based packaging group DS Smith Plc reported a 15% jump in first-half operating profit on Thursday, bolstered by growing demand from online retailers and cost savings from its acquisition of...
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M&S rolls out urban farming scheme in 7 London stores
Marks & Spencer has rolled out the first phase of its in-store urban farming trial to seven locations in London as part of its new partnership with Infarm. The retailer used...
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Ahold Delhaize dives into cashierless checkout — no app needed
Ahold Delhaize is testing grab-and-go technology. The supermarket giant opened a “digital” store under its Albert Heijn banner at Schiphol Airport in Amsterdam. The store will be open for a...
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