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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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Digitization contributes to increasing the competitiveness of the food industry
Technological development and the rise of IT tools can revolutionize the food industry, creating opportunities in the field of transparency, efficiency and safety, said Dr. Márton Nobilis, State Secretary of the...
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K&H: the goal is affordable and green energy
According to a Polish study, several European countries achieved part of their sustainable energy goals for 2030 a decade earlier. Hungary is not doing well, but there are indications that...
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It produced more spring onions, but fewer leeks
According to KSH data, Hungary produced 2.67 thousand tons of new onions (green onions) in 2022, which is 35 percent more than the previous year. Domestic spring onions are offered...
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Sándor Czomba: the number of job seekers has never been so low
The number of registered jobseekers is at a thirty-year low, this data has never been so low, which means that a significant number of people are looking for and finding...
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MNB: instant payment goes to a new level
From April 1, all domestic consumers and businesses can complete their payment transactions by accepting a payment request and initiating an immediate payment in response, the Magyar Nemzeti Bank (MNB)...
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The authority extracted enough pesticides for 100 hectares
In March, the inspectors of the National Food Chain Safety Office (Nébih) “obtained” 3.5 kg of a plant protection agent with Cyrillic letters and without a valid marketing and use...
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Tens of millions of domestic blooming ornamental plants may be on the market this year as well
After last year’s record turnover, strong demand is expected again this year on the annual ornamental plants market. Domestic horticulture is preparing for the season with around 8-10 million geranium plants...
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Lidl US cuts corporate jobs across 3 business units
The layoffs come a little over a year after the discounter let go of roughly 200 workers stateside. The layoffs are the latest move by Lidl to rightsize its operations...
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Nestlé to invest in Democratic Republic of Congo coffee operations
The funds would go towards coffee purchases, price premiums, technical assistance and community projects. Nestlé is set to invest $20m in the Democratic Republic of Congo (DRC) to “revive specialty...
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Nébih withdrew a plant protection product from the market
The National Food Chain Safety Office (Nébih) has withdrawn more than 30 kilograms of pesticides considered risky from circulation, the authority informed on Wednesday. Nébih’s inspectors made a trial purchase...
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European Championship Won’t Save German Economy, Study Shows
The European Championship to be held in Germany this summer is unlikely to turn into a summer fairytale for the euro zone’s largest economy as it struggles for growth, a...
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The export of rapeseed rose
According to Tallage, the spot export (FOB) price of canola seed delivered to the western border in Ukraine increased by $10 to $365/ton between February 16 and March 15. In Russia,...
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Harder times, softer candies
This article is available for reading in Trade magazin 2024/4 “This difficult period is certain to continue this year, so we are focusing more on preserving our values, the results...
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The farmers and the government are each other’s strategic partners
Farmers’ interests must be protected because Brussels betrayed the producers, because the EU leaders did not protect the European agricultural markets against Ukrainian agricultural products, said Minister of Agriculture István...
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Cigarette and alcohol smugglers were busted in Zala
In just a few hours, two cigarette smugglers were caught by the tax inspectors of the National Tax and Customs Administration (NAV) in Zala, and a large amount of alcohol...
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Easter was favorable for the meat industry
Although the domestic lamb export market developed favorably this year due to the strong Easter and Ramadan holidays, the long-term problems of the lamb sector still exist, overshadowing the positive...
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One third of the products bearing the Hungarian Product trademark are private labels
In response to the needs of domestic consumers, retail chains have recently taken steps to further emphasise the domestic origin of their private label products. This article is available for...
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Hungarian asparagus cultivation: new challenges and opportunities in the domestic market
One of the treasures of Hungarian gastronomy, asparagus, is only recently beginning to discover its true potential in our country, even though we are one of the largest producers in...
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The place of processed foods in a balanced diet
In the last decade, many different classifications of foods have been created, of which the NOVA classification is the first to classify foods based on their level of processing and...
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NIS2 – Affects few, but shapes many
The Law on Cyber Security Certification and Supervision (“Cyber Science Law”) directly focuses only on the larger actors of the economy, but it will have an impact on a much...
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The number of shoplifting has increased drastically
As a result of food inflation, the number of shoplifting has increased significantly at almost all supermarket chains. Due to the decline in the standard of living, more and more...
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Domestic strawberries are still much more expensive than imported ones
A photo is circulating online that shows a shocking price difference between imported Greek strawberries and domestic ones. While imported strawberries cost a quarter as much, the price of Hungarian...
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New format added to the Hubba Bubba range
Mini chewing gum has been added to the Hubba Bubba range, which introduces a new format to the brand for the first time since 1988. However, the product is more...
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Bowls refilled
Last year’s price surge hit pet food volume sales by about 10%, probably because pet foods have become much more expensive in 2023. This article is available for reading in...
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Hydration and vitamin supplementation tailored to children’s needs
Just as the overall mineral water category has experienced a sales decline, baby water volume sales have shown a double-digit drop in 2023 compared to the previous year, while value...
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KSH: industrial producer prices in February 2024 decreased by 4.3 percent compared to a year earlier, and increased by 0.5 percent compared to the previous month
In February 2024, industrial producer prices were on average 4.3 percent lower compared to a year earlier. Domestic sales prices fell by 5.8 percent, export sales by 3.5 percent, the...
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