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Trump aluminium tariffs may mean Coca-Cola uses more PET, CEO says
President Trump is lining up a 25% tariff on steel and aluminium imports into the US. Coca-Cola Co. may have to source more PET for its drinks sold in the...
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Aldi USA To Divest Around 170 Winn-Dixie And Harveys Supermarket Stores
Aldi USA has agreed to divest approximately 170 Winn-Dixie and Harveys Supermarket stores that are not part of its conversion plan to a consortium comprised of C&S Wholesale Grocers, Southeastern...
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New technology connects c-stores’ inventory with major delivery platforms
British retail technology company, NearSt, has announced a new technology for UK convenience retailers that automatically connects their in-store inventory to major delivery platforms such as Uber Eats, Deliveroo, and...
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MBH Bank: Following January’s inflation data, we are raising our inflation forecast for this year to 4.6%
Following a 4.6% year-on-year price increase in December, consumer prices in Hungary rose by an average of 5.5% in January 2025. The figure exceeded both our expectations (4.9%) and the...
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The high inflation in January is not a Hungarian peculiarity – this is when price increases may slow down
The effects of the price increases at the beginning of the year are clearly visible in the latest inflation data. According to the report of the Central Statistical Office (KSH),...
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Hungary and FAO are putting their cooperation on new foundations
FAO Deputy Director-General Maurizio Martina and Undersecretary of State Oszkár Ökrös discussed the establishment of a new foundation and further strengthening of the nearly twenty years of fruitful joint work...
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ESG sustainability is increasingly important for domestic SMEs
Sustainability and corporate governance (ESG: Environmental, Social, Governance) aspects are gaining increasing importance among Hungarian small and medium-sized enterprises (SMEs). This is supported by the ESG survey conducted by the...
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The Association for Sustainable Packaging was founded
In order to promote sustainable packaging solutions, the Association for Sustainable Packaging (FeCso) was established, offering a unique platform for companies and organizations to support and promote their sustainability efforts....
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MATE and Béres have entered into a strategic cooperation
Dr. Csaba Gyuricza, Rector of the Hungarian University of Agricultural and Life Sciences, Marcell Béres, President of the Béres Pharmaceuticals Factory, and Klára Béres, President of the Béres Foundation, signed...
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Transfer pricing implications of the global minimum tax
Since last year, Hungary has also been applying the rules of the global minimum tax, which may in some cases deviate significantly from the usual logic of the domestic tax...
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Whiskey: Boycott could replace tariffs
American whiskey producers are once again at the center of international trade conflicts. While the suspension of Donald Trump’s latest tariff measures may bring temporary relief, the reaction of Canadian...
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Furmint February Big Tasting with more than eighty wineries
The public can experience more than two hundred Furmint wines from more than eighty wineries at the 15th Furmint February Grand Tasting on Thursday in Budapest, at the House of...
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French wine and spirits exports fell last year
France exported 15.56 billion euros worth of wine and spirits last year, down 4 percent from 2023, according to the website of the French Wine and Spirits Exporters Federation (FEVS)....
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Heroes and Traitors – the first year of the whistleblowing system
Throughout the European Union, including here, it has been at least a year since the companies required to do so have introduced their whistleblowing systems. Although abuses can cause damage...
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Amazon to expand beauty and personal care online offerings in Europe while opening first physical store in Italy
Amazon Parafarmacia & Beauty opens in Milan city centre, featuring a curated assortment of beauty and personal care products, innovative in-store services and expert advice. We unveiled Amazon Parafarmacia &...
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Heineken grows as world’s most popular non-alcoholic beer
Heineken posted solid growth in 2024, with non-alcoholic beers and premium lager as key drivers. The beers were particularly appreciated in Africa and Asia, with limited growth in Europe. Heineken...
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Lidl Bulgaria Plans 10 Store Openings, Takes Top Spot From Kaufland
Lidl Bulgaria plans to add at least 10 stores to its network in 2025 as it continues to implement its growth plan. As of the end of 2024, the retailer...
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KSH: in January, consumer prices exceeded the values of the same month of the previous year by 5.5 percent on average
Compared to January 2024, food prices increased by 6.0 percent, including flour by 43.2, milk by 25.0, eggs by 23.8, cooking oil by 21.5, fruit and vegetable juice by 16.0,...
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Márton Nagy: high food inflation is unacceptable, the government is ready to take action with all means to protect families
According to Márton Nagy, high food inflation is unacceptable, and the government is ready to take action with all means to protect families, the Ministry of National Economy (NGM) told...
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NGM spokesperson: prices were already corrected in the last days of January
According to the Central Statistical Office (KSH), in January 2025, consumer prices exceeded those a year earlier by an average of 5.5 percent, and consumer prices rose by an average...
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GVH: the competition authority monitors the processes taking place in the food market
The Hungarian Competition Authority (GVH) is monitoring the developments in the food market and will intervene if necessary, the national competition authority told MTI on Tuesday. In a statement, the...
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The productivity of Hungarian companies is worse than anywhere else in the EU
According to a recent analysis by GKI Economic Research Ltd., Hungary’s manufacturing exports showed significantly lower growth than those of the countries in the region between 2010 and 2023. While...
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Strengthening economy and employment in Hungary in 2025
According to the latest analysis by the Oeconomus Economic Research Foundation, Hungary’s economic performance has moved in a positive direction, and the country’s employment data also show a favorable picture...
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There are serious problems in the Hungarian wine industry
The year 2024 was a difficult period for Hungarian viticulture and winemaking. The national wine grape growing area continued to shrink, and the yield was one of the lowest in...
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EU-US tariff war: tariffs are bad for companies, even worse for consumers
European Commission President Ursula von der Leyen has expressed regret over new US tariffs that are putting a significant burden on European steel and aluminium exports. In a statement on...
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Hungarian rice and blue wheat flour are also featured on the Hungarian community stand at the Biofach exhibition
Europe’s largest organic trade fair, Biofach in Nuremberg, is back again. The event is one of the continent’s most significant organic food and cosmetics events, attracting around 35,000 professional visitors...
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We need to increase the consumption of legumes in Hungary
Beans, peas and lentils are extremely diverse and healthy ingredients that have a beneficial effect on our bodies and the environment, but their consumption in Hungary still falls short of...
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Nébih: Hungary had to take action against more than 300 risky products last year
More than 300 risky products had to be taken into account in Hungary last year based on the European Union’s Rapid Alert System for Food and Feed (RASFF), the National...
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