Events
The price of cocoa has shot up, and it will soon be felt in retail as well
Cocoa prices on the international market have made huge jumps in the past period, which will soon be felt by consumers in the rise of retail prices. Cocoa prices, reaching...
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Artificial intelligence is already revolutionising retail
In this article we would like to show – by using practical examples – that artificial intelligence (AI) is no longer just a promising future technology, but an increasingly dominant...
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It will also be possible to withdraw HUF 150,000 per month at post offices
The availability of retail cash withdrawals can be significantly expanded, it will be possible to withdraw HUF 150,000 per month at post offices, the Ministry of National Economy (NGM) told...
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Record low strawberry prices: customers can be happy, a price drop is expected
In Poland, strawberry prices are at record lows in the wholesale markets, and further price reductions are expected according to the trend. The price of imported strawberries continued to fall...
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László György: Hungary is at the forefront of the global green energy revolution
We can be proud that Hungary is not a follower of the global green energy revolution, but a leader – said the government commissioner responsible for professional cooperation in economic...
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KSH: in February, the product foreign trade surplus was 1.7 billion euros
In February, the value of exports calculated in euros was 2.4, and that of imports was 12 percent less than in the same period of the previous year. The product...
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Diageo strengthens presence in the RTD drinks market with new Captain Morgan cocktail
Products in Diageo’s 5.8% ABV Captain Morgan Sliced RTD cocktail line are available in four flavours – pineapple daiquiri, strawberry margarita, passionfruit hurricane and mango mai tai. The new range...
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Unnecessary meetings and poorly saved documents make life miserable for domestic office workers
Among other things, Hungary’s first nationwide representative productivity research looked for answers to what factors hinder the daily work of domestic white-collar workers, which can even lead to burnout. Many...
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The export volume of wheat and barley increased in 2023
The export value and foreign trade assets of cereals were the highest among the 24 agricultural and food product groups in 2023 as well.In 2022, the share of the grain...
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Help for career starters: we can sit at a table with the country’s most successful professionals
The country’s best-known public figures share their experiences with talented young people at the Mentor Evening of the Generation of Future Builders (JÉG). The organization prepares the professionals of the...
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New doors are opening in Hungarian-Moldovan agricultural relations
In the field of investments, the two countries have great opportunities, and it is precisely in Hungary’s basic interest that Moldova becomes a member of the European Union – Minister...
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Amazon Fresh ditches ‘just walk out’ checkouts
Amazon Fresh is set to ditch its “just walk out” checkout-free feature in stores as its senior vice president revealed the retailer is looking to prioritise new technology. The tech...
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In Russia, the growth of retail sales accelerated and unemployment decreased in February
In Russia, retail sales growth accelerated on an annual basis in February as unemployment fell to a historic low. The Russian statistics office said that the growth of retail sales...
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A call for tenders helps small businesses selling ornamental plants
The Ministry of Agriculture wants to help the development of small businesses dealing in the trade of ornamental plants and flowers with a call for tenders with a budget of...
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Purina Inaugurates New Pet Food Factory In North Carolina
Nestlé Purina PetCare has inaugurated a new pet food factory in Eden, North Carolina, with state officials, community partners and leaders from the company attending the opening ceremony. In the...
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Card Payments To Make Way For More ‘Seamless’ Payment Formats, Study Finds
Credit card and debit card payments are set to account for 19% of overall online transactions by 2028, down from 31% in 2023, as emerging payment formats such as digital...
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Agrometeorology: dry soil in the Great Plain awaits sowing
The upper 20 centimeter layer of the soil in the Great Plain is critically dry, and spring sowing would need a lot of precipitation, HungaroMet Zrt. announced in its agrometeorological...
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EY: A market breakthrough for electric vehicles is expected in Europe by 2030
In Europe, by 2030, the share of sales of electric and hybrid vehicles (EV) is expected to exceed all other types and their number will reach 75 million, according to...
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The Competition Act may be amended at several points, and the GVH may receive new powers
The competition protection activities of the Economic Competition Authority (GVH) can be even more effective, as the competition law can also be amended at many points within the framework of...
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The increase in the price of food is slowing down significantly this year
This year, the development of food prices will no longer drag, but curb inflation in Hungary. Overall, we continue to pay more at the cash registers in stores than a...
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The bill on tightening the sale of energy drinks is before Parliament
A bill has been submitted to the Hungarian parliament, according to which the sale of energy drinks to minors in the country would be prohibited. The proposal was put forward...
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Soon we will only be able to get certain dietary supplements in pharmacies
The draft on the tightening of the trade regulation of dietary supplements in Hungary is a subject of constant debate. According to the planned changes, certain dietary supplements would only...
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Interest in insect proteins is growing in Hungary
In Hungary, more and more people are starting to recognize the potential of insect proteins, although many people still shy away from the idea that they can gain more and...
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Eurozone inflation continued to fall
The annual harmonized index of consumer prices (HICP) of the Eurozone rose slightly in March, but the situation is no longer so favorable in a monthly comparison. According to data...
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Hungarian foreign trade in milk and milk products shows a negative trend
In the past year, Hungarian foreign trade in milk and milk products showed significant changes, as a result of which the balance of the sector turned negative. According to the...
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Cleanness and caring: new directions in baby care
In 2023 the Hungarian nappy market is expected to grow by over 10% in value compared to the previous year, but a sales decline is likely in volume, according to...
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Gergely Fábián: integrated, data-based development in the food industry improves competitiveness and security of supply
In the food industry, the competitiveness of the sector can be increased with the integrated, data-based development of the product path, which also contributes to security of supply and sustainability,...
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Industry trends are pulling the corrugated cardboard segment along, the market could grow to nearly 250 billion dollars by 2032
Analysts predict development in the corrugated cardboard industry in 2024 due to environmental regulations, the growing demand for sustainable materials and the boom in e-commerce. The biggest users of corrugated...
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Temu may receive a fine of up to HUF 780 billion
The Economic Competition Authority (GVH) considers it justified to initiate the competition supervision procedure against the Chinese online store Temu, whose subsidiary in Ireland is being investigated for unfair commercial...
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Eroski to open more than 50 franchises in 2024
Eroski’s momentum achieved in 2023 isn’t slowing down: the chain plans to open around 57 new franchises this year. The Spanish retailer has invested EUR 14m to open 65 new...
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