News and articles
Representatives of the Slovak baking industry have rejected the use of EU-approved insect ingredients in their products
The Slovak baking industry has issued a joint statement rejecting the use of insect-based ingredients in its products that the European Union (EU) has classified as suitable for human consumption...
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Bunge to sell European margarines and spreads business to Vandemoortele
Vandemoortele will acquire Bunge’s margarines and spreads business in Germany, Finland, Poland and Hungary. US agri-food giant Bunge is selling its European margarine and spreads business to Belgian food group...
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Industrial condominium as an investment – is the sector on the verge of new momentum?
Hungary’s industrial real estate leaders gathered for the first time at the HAD Real Estate Business Brunch, organized by the HAD Group, to discuss the future of the sector, the...
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Lidl and ProVeg join forces to find innovative cheese alternatives in new startup competition
The winner will have their product sold in selected Lidl in Germany stores under its Vemondo private label, ProVeg announced. (Image source: Jérémy-Günther-Heinz Jähnick/ Somain/ Lidl (01) / Wikimedia Commons...
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Rice wine waste found to have longevity-boosting properties
Researchers in the Philippines have discovered that the byproduct of traditional rice wine fermentation could have significant health benefits, including anti-aging properties, The Drinks Business reported. Filipino researchers have optimised...
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Hungarian food producers may be in serious danger due to the margin freeze
Following the introduction of the margin freeze, previously strictly confidential information has been made public: supplier prices can now be calculated back to almost anyone. This poses serious market risks...
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Róbert Zsigó: the prices of foods affected by the margin freeze decreased by an average of 17.7 percent
The margin freeze came into effect a week ago, and the prices of the affected foods have decreased by an average of 17.7 percent, said Róbert Zsigó, Parliamentary State Secretary...
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NAV: online stores cannot escape paying retail tax either
Online stores must also pay retail tax if their sales revenue reaches 500 million forints; the tax rate is 0.15 percent for up to 3 billion forints, the National Tax...
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The urgency of climate adaptation is beyond question
Extreme climate and weather events are becoming more frequent and severe. The cost of the resulting damage and losses is $16 million per hour globally. A significant part of this stems...
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Margin stop works, says Márton Nagy
The margin freeze is working, the prices of more than a thousand products have been controlled – the Minister of National Economy emphasized in his video message on Tuesday, adding...
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Celebrity brands, vitamins and green packaging: the drugstore market has taken a new direction
The drugstore market has seen spectacular growth in recent years, driven not only by the expanding range of products but also by the constantly changing needs of consumers. The explosive...
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The average price of this year’s Easter eggs could be around ninety forints
The average consumer price of eggs for Easter could be around 90 forints, which means that buyers can get the food inseparable from the holiday at about the same price...
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Eurobarometer: majority of Europeans would strengthen defence and security
66 percent of all Europeans surveyed, and 63 percent of Hungarian respondents, believe that the European Union should play a more important role in protecting against global crises and security...
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New ATMs may be located here first. The specific list of settlements is on the map
A proposal has been submitted by the Hungarian Banking Association regarding the installation of ATMs. Depending on the size of the settlement, banks would deploy new ATMs in several phases....
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Conservationists’ Association Urges Ban on Genetically Modified Meat
The Hungarian Association of Nature Conservationists (MTSZ) would like to extend the scope of the government’s bill on the ban on laboratory-grown meat, which was submitted to the Parliament in...
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New training series for Lake Balaton tourism: practice-oriented trainings in Keszthely
One of the keys to the development of tourism at Lake Balaton is increasing the competitiveness of service providers – a goal now supported by a targeted training series jointly...
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Hungarian IKEA sets world record: Soroksár will be the world’s largest fulfillment center
By 2026, IKEA’s Soroksár store will be transformed into the world’s largest online fulfillment center, raising logistics operations not only in Hungary but also in the entire region to a...
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Zebra meat on the plate – an exotic in Hungarian gastronomy
While it is less common throughout Europe, a minor media storm has erupted in Hungary around a zebra – more precisely, because of its adoption. Prime Minister Viktor Orbán announced...
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Hungarians are in debt
In January 2025, the domestic credit market reached a historic milestone: the average amount per contract of newly concluded personal loan contracts exceeded 3 million forints for the first time,...
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Confinement, grazing ban and mandatory slaughter are necessary to curb FMD
The National Chief Veterinarian is introducing new measures in Győr-Moson-Sopron county due to the Slovak foot-and-mouth disease outbreaks. Among other things, a grazing ban will come into effect in the...
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Cash withdrawals to PENNY are available in all counties
Cash withdrawals with a bank card are available to anyone in PENNY stores nationwide, even in the smallest settlements. The discount chain introduced the service in 2017 for its customers,...
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Fungicide sprayer gets permission to be applied by drone in Hungary
A fungicide can now be applied by unmanned aerial vehicle in Hungary, as the Amistar Sun 325 SC fungicide has received permission for field use in sunflower cultivation. This brings...
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Hungarian rapeseed can rewrite its future: this is how its cultivation can be profitable again
A few years ago, rapeseed was in its golden age in Hungary: in 2018, it was grown on more than 330 thousand hectares, and the harvested crop exceeded 1 million...
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Prices of domestic and imported radishes have increased equally
According to Eurostat data, 245–255 thousand tons of month-old radishes are grown annually in the European Union, with Germany, France, Italy and the Netherlands being the dominant producers. In Hungary,...
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Soon there will be an ATM in every Hungarian settlement with over 2,000 inhabitants, the government welcomes the decision of the banking association
The government is working to ensure that every Hungarian settlement has at least one ATM. Minister of National Economy Márton Nagy is continuously negotiating and negotiating with the banking association...
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The domestic food industry is getting stronger – Another 5 billion forints in support for the development of processing plants
The Ministry of Agriculture is committed to supporting domestic, quality food production enterprises. Thanks to the call for applications for the development of processing plants, implemented within the framework of...
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MATE researchers contributed to the development of antibiotic-free foie gras production
Researchers from the Hungarian University of Agricultural and Life Sciences (MATE) collaborated in the development of the breeding and husbandry technology for antibiotic-free, premium goose liver production. The research carried...
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More than 15,000 illegal tourist apartments operate in Madrid
There are more than 15,000 illegal tourist apartments operating in Madrid, the Spanish Ministry of Social Rights and Consumption has found in a report published on Monday. According to the...
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This may hurt businesses: NAV is controlling transfer pricing more strictly than ever before
The examination of transfer prices of affiliated companies has been a priority area for years, but starting this year, the Hungarian Tax Authority is mobilizing more resources than ever to...
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Sunflower prices continue to rise
According to European Commission data, the price of sunflower seeds (FOB) in Bordeaux, France, increased from $683/ton to $699/ton between February 5 and 26, and between $723–727/ton between March 5...
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