News and articles

Eurostat: Inflation in the euro area moderated more than expected in October

In October, the annual inflation rate in the euro area moderated more strongly than expected by analysts – the statistical office of the European Union, Eurostat, announced on Tuesday as...

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Shopping tourism is booming, Hungarians spend abroad

In the second quarter of this year, Hungarians traveling abroad spent a total of HUF 338 billion during their travels, giving shopping tourism an additional impetus. More and more Hungarians...

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Wage increases and a new bonus system at McDonald’s in Hungary

Due to the challenging labor market situation and persistently high inflation, Progress Restaurant Network Kft. prioritizes the system of wages and incentives in the McDonald’s restaurants it operates. In the...

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German retail sales decreased in September

In Germany, retail sales decreased in September, both monthly and year-on-year. The German statistics office, Destatis, said on Tuesday that retail sales fell by 0.8 percent in September compared to...

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The promotions at Euronics will start before Black Friday, the store chain is counting on that

Buyers in Hungary also like to count on the November promotions before the holidays. Since the months of the Christmas period are considered the peak sales season both in stores...

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Driving around Western Hungary to promote domestic food

This year the Coop Rally visited 5 counties in Western Hungary. The event, which took place on 13-14 September and was organised for the 17th time in 2023, attracted nearly 300 participants...

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It is still not too late to announce the agrotechnical operations/second sowings

Today, the Hungarian State Treasury will start preparing and sending out to customers the fifth round of information letters related to the 2023 unified application, and also the last one...

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The new agricultural and rural development tenders will start at the beginning of next year

The 2024 tender schedule for agricultural and rural development subsidies has been prepared, almost HUF 2,900 billion in resources are available to farmers, announced Agriculture Minister István Nagy on his...

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MATE’s training portfolio is expanding with the Master’s degree in Agricultural Technical Systems Engineering

The Hungarian University of Agricultural and Life Sciences will launch a new master’s degree in agricultural technical systems engineering in February 2024, to which you can enroll with a bachelor’s...

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The producer price of broiler chicken is almost 20 percent higher compared to the same period in 2022

According to AKI PÁIR data, the live weight producer price of slaughter chickens in Hungary rose by 20.2 percent to HUF 494.4/kg, and that of slaughter turkeys by 25.9 percent...

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Is the European meat tax coming? We summarize in four points why we should not fall for this simplistic narrative

The anti-meat narrative has gained strength again in Brussels. Recently, one of the chief scientific advisers of the European Commission spoke about his support for the introduction of a European...

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In heavily infected areas, anti-pox products can be used in conjunction with treatment, but in higher doses

The National Food Chain Safety Office (Nébih) amended the use permit of Pocok Tox MAX and Rodent Stop rodenticides in view of the serious pest situation affecting several regions of...

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Lidl Germany Aligns Prices Of Own-Brand Vegan Items With Meat Products

Lidl Germany is standardising the prices of its private-label SKUs under the Vemondo brand, to match with comparable items of animal origin. The move will see the majority of Vemondo products...

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The price of slaughter heifers and slaughter cows has decreased

In the European Union, the slaughterhouse entry price of the young bull “R3” commercial class was 4.84 euros/kilogram cold carcass weight in September 2023, a decrease of 3 percent compared...

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China becomes significant player in RTD category

China is expected to become a major player in the ready-to-drink (RTD) category, growing by a volume CAGR of 6% in the five years to 2027, new research shows. The...

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Nébih: poultry must be kept closed again in seven counties due to the risk of bird flu

Due to the increased risk of bird flu, the national chief veterinarian Szabolcs Pásztor ordered the compulsory confinement of commercial poultry in high-risk areas, the National Food Chain Safety Office...

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Peroni celebrates the gift of friendship in first-ever Christmas campaign

Italian beer brand Peroni Nastro Azzurro has launched its first-ever festive advertising campaign to encourage customers to ‘Live Every Moment, All Year Round’. Developed by creative agency UNBOUND, the campaign...

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The UBM Group closed the 2022-2023 business year with a pre-tax profit of over HUF 913 million

UBM Holding Nyrt. closed its business year from July 1, 2022 to June 30, 2023 with a pre-tax profit of HUF 913.1 million, while a year earlier its profit was...

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Chamber of Agriculture: rabbit meat consumption in Hungary is undeservedly low

Hungarians undeservedly ignore one of the healthiest sources of protein, even though rabbit meat has excellent nutritional and physiological properties; Although the dynamically developing trend of the domestic rabbit sector has...

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The Complaints Act obliges 65,000 companies in Budapest to operate an abuse reporting system from December

The amendment to the Law on Complaints, also referred to as the Complaints Act, will enter into force in December, obliging a significant number of Hungarian businesses to establish channels...

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The professional event of Syngenta’s 6 ton program in Siófok attracted great interest

Syngenta is committed to supporting its growers in achieving higher yields not only with sunflower hybrids with excellent genetics, but also with its experience and technical advice, as well as...

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Hungarians’ financial pessimism is stagnant

Hungarians continue to react the most sensitively to the deterioration of the economic situation among the countries in the region, according to the Publicis Groupe survey*. The research, which covers...

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In retail trade, the sentiment index dropped to minus 7.8 points from minus 5.7 points in the euro zone

In October, the economic sentiment index of the European Commission’s Directorate-General for Economic and Financial Affairs (DG ECFIN) fell less than expected, but still to its lowest level in a...

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It was found out whether Coca-Cola or Pepsi performs better

The long-standing rivalry between Coca-Cola and Pepsi continues, with both companies having a surprisingly successful third quarter, exceeding market expectations. Despite both companies’ shares falling slightly this year, Coca-Cola and...

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Hungarian winemaker “International Female Winemaker of the Year” in Germany in 2023!

Germany’s largest online wine portal, selection-online.de, honored Zsófia Kövesdi, the head winemaker of Jammertal Winery, with the title “International Female Winemaker of the Year 2023”. No Hungarian winemaker has ever...

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This is the cake of Budapest

Twenty exciting confectionary creations competed in Budapest’s official birthday cake competition, and the Natalis cake from Belvárosi Auguszt Cukrászda, made by Csilla Müller, won the title. Among the five finalist...

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Aldi has established a global IT service center in Debrecen

Aldi has established an IT service center in Debrecen, which will also be decisive from the point of view of the German company’s global activities, Péter Szijjártó announced on Monday...

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McDonald’s is closing a successful quarter

McDonald’s quarterly results beat expectations, and the fast-food chain increased its profits and turnover, while expanding its product range and keeping prices low at a time of high inflation are...

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Ahold Delhaize buys one of the largest retail companies in Romania

Ahold Delhaize is buying one of the largest Romanian retail companies, Profi Rom Food, the Romanian business press announced based on the statement of the Dutch-Belgian company. Profi Rom Food...

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A petition was launched to preserve Hungary’s GMO-free status

 LMP is launching a petition to preserve Hungary’s GMO-free status, said Antal Csárdi, deputy faction leader of the opposition party, on Monday. In his press conference, which can also be...

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