News and articles
Shein is preparing for the London Stock Exchange, America would ban them
Chinese online fashion retailer Shein plans to list on the London Stock Exchange (LSE) after the US political environment would be hostile to the company’s New York IPO. Shein, which...
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A new manager was appointed to head the Continental factory in Makó
From June 1, 2024, József Hrubi will perform the management duties of the Makó factory unit of ContiTech Fluid Automotive Hungária Kft., a member of the Continental company group. The...
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In the first quarter, the number of pigs slaughtered in slaughterhouses increased
1,160,000 pigs were slaughtered at Hungarian slaughterhouses in the first quarter of 2024, 6.2 percent more (+67,000 pigs) than in January-March 2023. The total live weight of slaughtered animals was...
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Information about changes in direct area-based subsidies during the year
The Ministry of Agriculture informs agricultural producers and the relevant contributors that several regulations affecting the direct support entitlements of the Common Agricultural Policy are already changing favorably for producers...
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Another travel agency pulled down the shutter
Beontrips Kft., a well-known travel organization and intermediary company, announced that it went bankrupt and at the same time suspended its activities. The Budapest Capital Government Office has already removed...
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An efficient, innovative and competitive dairy industry is needed
The time has come to develop the domestic dairy industry, we need investments that improve efficiency and increase the competitiveness of the sector’s players. The goal is to regain the domestic...
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Tesco tattoos avocados to reduce environmental impact
Tesco is replacing the stickers on its extra-large avocados with barcodes drawn on by lasers in a bid to limits its environmental impact. The trial with the UK’s main avocado...
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Significant Hungarian involvement in international advertising self-regulation
The European Association of Self-Regulatory Organizations (EASA) has elected a new presidency. They elected an Irish president, Orla Towney, head of the Irish advertising self-regulatory organization (ASAI). ÖRT general secretary...
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Business sentiment in German retail improved slightly in May
In May, the German retail industry business sentiment index of the ifo economic research institute of the University of Munich improved somewhat. Based on the results published on the website...
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This year, student workers can expect a gross hourly wage of 1,500-2,500
Only a few more weeks and the summer vacation is here, which for thousands of students would mean cloudless freedom and study-free weekdays. But there are people who want to...
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Registration for this year’s Summer Student Work Program has begun
Since 2013, the government has been announcing the Summer Student Work Program with unbroken success, for which eligible persons can apply for a HUF 3.8 billion budget this year –...
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Composts and peat moss sold the most
Among the observed yield-enhancing categories, producers purchased the largest quantities of various composts and peat. This accounted for three quarters of the total sales examined. In second place, based on...
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Price Difference Between Organic And Conventional Food Narrows, Study Finds
The price difference between organic and conventional food items has reduced from 63% to 48% over the past five years in the Netherlands, according to a new survey by the...
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Tesco recalls red beans
Due to pesticide residue levels exceeding the limit, Tesco-Global Zrt. has recalled the 500 gram TS red kidney beans from the market, the National Food Chain Safety Office (Nébih) reported...
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Hungarian milk production has reached the forefront of Europe
Domestic milk production reached the forefront of Europe by renewing the technological background;based on sales and employment, the dairy industry is one of the largest and increasingly important sectors of...
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Valio planning to invest €60m in Finland cheese facility
Valio said, the investment is intended to replace the current manufacturing apparatus, which has reached the end of its technical service life. Finnish food major Valio has announced plans to...
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The gross production value of the bread and fresh bakery sector increased the most in 2023
44 percent of the enterprises designated for data collection complied with their obligation to provide data. At the time of data collection, these food industry enterprises indicated the achievement of...
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Recent research: Hungarians buy these household appliances
Hungarians are extremely price-sensitive when it comes to buying household appliances: they only buy new ones if the old one is broken, and the most important factors when buying are...
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No surprises? Yes, there are!
At first glance not much has changed in the top 10 since last year, but a closer look at the numbers will reveal a thing or two… This article is...
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Hungarian meat industry companies performed quite well
According to the summary of the Agrárszektor, the results of Hungarian meat industry companies in 2023 showed significant differences. Some larger companies, such as Kometa 99 Zrt. and Pick Szeged,...
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Bread may become even more expensive
The Hungarian government’s plans to expand the manufacturing industry are only on the drawing board, while the bread business, which is the link between agriculture, its retail trade and the...
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Euro zone inflation rose to 2.6 percent in May
Eurozone inflation was higher than the 2.5 percent expected by analysts, at 2.6 percent in May, exceeding April’s 2.4 percent, Eurostat, the statistical office of the European Union, announced as...
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NAK – FruitVeb: from the beginning of June, even more cherries will be on the market
Thanks to the early varieties, the cherry season started early, but a larger quantity can be expected on the domestic market from the beginning of June – the National Chamber...
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Tej Terméktanács once again celebrates World Milk Day with a nationwide prize draw
Due to the versatility and nutritious properties of dairy products, we have been celebrating World Milk Day every year for 49 years*. The celebration of milk and dairy products cannot...
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The volume of exports of food, beverages and tobacco was 6.7 percent higher, and the volume of imports was 13 percent lower than a year earlier
In March 2024, the volume of exports was 10 percent lower than the same period of the previous year, and the volume of imports was 15 percent lower. The asset...
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Sales prices in the food industry were 5.9 percent lower than last April
In April of this year, industrial producer prices were on average 2.0 percent lower compared to a year earlier. Domestic sales prices fell by 5.0 percent, export sales by 0.4...
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Economic sentiment improved in the EU and the euro area in May
The economic sentiment index in the euro area and the European Union improved in May, according to the survey presented on Thursday by the European Commission’s Directorate General for Economic...
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SPAR suffered from the extra tax
The loss of Spar’s Hungarian subsidiary increased significantly last year, even more than previously expected. The company’s management initially estimated the loss at HUF 13 billion, however, according to the...
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Aldi’s income increased, but it ended the year at a loss
In 2023, Aldi Magyarország Bt. faced the challenges, despite which it achieved a significant increase in revenue, yet closed a loss year. Last year, the company’s revenue increased to HUF...
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Lidl’s sister store, Kaufland may come to Hungary?
There are still opportunities for new retail chains to expand in Hungary according to statistics, but challenges such as a retail plaza ban and special taxes could hinder their progress....
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