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MBH Bank: Retail trade can be one of the mainstays of this year’s growth
Retail trade is one of the areas through which the population perceives the prevailing trends of the economy the most, so the state of the sector is crucial from the...
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NGM: the government has suppressed inflation, the mandatory promotions will end on July 1, 2024
With the mandatory sales – thanks to which families were able to get basic food such as bread, meat, milk or various vegetables at a cheaper price – the government...
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Uncertainty surrounds the seemingly improving economic environment in Hungary
The slowdown of recent years and the volatile economic environment have left their mark on Hungarian companies, according to this year’s Intrum European Pay Report, in which company managers from...
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Shall we learn to save food on Facebook?
According to the latest research by Munch, being a member of the Facebookcommunity with more than 165,000 members significantly increases the motivation for sustainability. This article is available for reading...
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The producer price of edible wheat rose by 12 percent
According to Tallage’s information in June, the spot market price of 12.5 percent protein milling wheat in Germany (FOB Hamburg) increased by $15 to $292/ton between May 13 and June...
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The regulation containing the IT requirements of the NIS2 Act has been published
On June 24, the “Cyber Science Act” government decree on cybersecurity certification and cybersecurity supervision, containing the IT requirements system, became effective. The publication of the executive order related to...
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Green pea growers are ending a difficult year
This year brought a particularly bad season for green pea producers. The green pea production area was halved compared to previous years, and due to the mild, dry spring, the...
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Web stores already fit in our pockets, and we take advantage of that
The role of smartphones is becoming more and more prominent in online shopping every year – among other things, this was revealed by Reacty Digital’s comprehensive annual e-commerce survey, which...
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Dutch company Albert Heijn sees growing demand for vegan products
According to an announcement by the Dutch company Albert Heijn, 44.1% of protein products sold in its stores in 2023 were plant-based, a rise from 42.6% in 2022. This article...
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Bird flu: the mandatory confinement of poultry has ended
Thanks to the favorable development of the bird flu epidemic situation, dr. Szabolcs Pásztor National Chief Veterinarian withdrew the regulation on keeping poultry indoors. However, the obligation of closed feeding...
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Aldi Ireland And Dawn Meats Enter €125m Contract
Aldi Ireland announced last week a new €125 million contract with supplier Dawn Meats, worth €25 million annually over the next five years. As a result of this contract, Dawn...
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Edible poppies from producers will be available at an affordable price
This year, the signs are favorable for Hungarian poppy producers both in terms of quantity and quality. Based on the current state of the poppy plantations, an abundant harvest is...
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Barilla Invests €300m In Sustainability And Innovation
Italian pasta and sauce brand Barilla invested nearly €230 million in product and process innovation throughout 2023, according to its sustainability report. Additionally, €45 million was dedicated to research and...
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Digital natives drive shift in consumer behaviour
The Asian market is witnessing a transformation in the retail sector, driven by the rise of digital natives and the adoption of new technology, according to Hugo Texier, Partner Consumer...
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The producer price of cherries is 14 percent lower
According to Eurostat data, the EU is a net importer of fresh cherries: the delivered quantity changed to 52.6 thousand tons (+108 percent), the exported volume to 10.8 thousand tons...
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In June, the GKI economic index rose slightly
According to a survey conducted by GKI Gazdaságkutátó – with the support of the EU – the business sector became more optimistic in June, but the prospects of the population...
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Consumer Panel Services GfK and RetailZoom have teamed up for a landmark agreement!
The result of such an agreement will be the launch of a new service that will map the entire market and thus create a Retail Audit Total Market Read for...
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MNB vice president: there is no green transition without central banks
The energy transition is one of the world’s greatest challenges and at the same time one of its greatest opportunities, which also requires a new approach from the central banks...
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Payment by QR code is coming in Hungary
At the turn of the 1980s and 1990s, due to its technological backwardness, Hungary skipped payment by check and went directly to payment by bank card. In contrast, in other...
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More and more people are using the eVAT system
The use of the eVAT system, with which it is possible to declare monthly and quarterly VAT “live” from January 1, is showing a continuous increase – the State Secretary...
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Hungarian prices are becoming more and more attractive, and foreigners have also realized this
Over a longer period of time, i.e. in the last one and a half to two decades, there has been a serious turn in the world of stock exchanges, which...
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Barilla stops production of plant-based Tolerant Foods pastas
Barilla Group stops manufacturing its minimally processed legume-based pasta products in the United States. This article is available for reading in Trade magazin 2024/6-7 Tolerant Foods has announced the decision...
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Péter Szijjártó: Italy is Hungary’s fifth most important trade partner
One of the most important tasks of the next period will be the restoration of European economic competitiveness, no one should be allowed to destroy European industry on the basis...
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István Nagy: the aim of the Hungarian EU presidency is to make agriculture one of the most important policies of the cycle
During the Hungarian EU presidency starting on July 1st, we will strive to include agriculture in the most important policies of the next EU cycle, the Minister of Agriculture stated...
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Fighting food waste with funny posters
The National Food Chain Safety Office’s (Nébih) No Leftovers programme is launching another creative challenge for Sustainability Week: a poster design competition entitled “Let’s throw food waste in the bin”,...
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Ifo’s business sentiment index in Germany deteriorated in June
Instead of the minimal improvement expected by analysts, the German business sentiment index of the ifo economic research institute of the University of Munich worsened in June. According to the...
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Lidl calls on contractors as it looks to open hundreds of stores
Lidl is calling upon contractors to sign up for a series of events as it looks to expand its network with hundreds of new store openings. Aimed at both creating...
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The new wave of flu drugs and tourism: The Hungarian Tourist Agency’s innovative marketing campaign
In recent years, the role of influenza drugs has become increasingly important in tourism, especially among the 25-40-year-old age group. Zoltán Guller, the president of the Hungarian Tourism Agency (MTÜ),...
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Estée Lauder completes $1.7b acquisition of DECIEM
The Estée Lauder Companies Inc. has finalised its acquisition of DECIEM Beauty Group Inc., a Canadian multi-brand company known for its flagship brand, The Ordinary. The deal, completed on 31...
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European SUP Directive Sees Caps Tethered To Plastic Bottles
The European Single-Use Plastic (SUP) Directive will see bottle lids required to stay attached to PET bottles under three litres from July. As a result of the impending rule, the...
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