News and articles
The prices of fodder crops have risen significantly
According to AKI PÁIR data, the producer price of edible wheat in Hungary excluding VAT and transport costs is HUF 80.1 thousand/ton (+12 percent compared to a year earlier), feed...
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Black Friday 2024: more aware customers and a turnover of 160 billion is expected
Although Black Friday is no longer as attractive to customers as it used to be, this year’s turnover may still reach HUF 150-160 billion, according to recent research by Publicis...
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Kifli.hu, Mastercard and Élélmiszerbank are launching a fundraising campaign for children’s meals
The Magyar Élélmiszerbank Egyesület, with Mastercard and Kifli.hu are launching a fund-raising campaign to support the feeding of needy children and draw attention to the problem of food waste. Kifli.hu...
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JYSK’s newest store opens in Ózd, on the occasion of which the company once again supports a non-governmental organization
On November 6, JYSK’s newest store will open in Ózd, which will be their 101st store in Hungary. On the occasion of new store openings, the retail store chain organizes...
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A 5,000 HUF limit for reverse vending machines is a reasonable solution
The Hungarian National Trade Association agrees with the recently introduced measure, which sets a HUF 5,000 limit per transaction at cash machines. According to general secretary Katalin Neubauer, the maximum...
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The government announces an innovation program package for micro, small and medium-sized enterprises
The government is announcing an innovation program package for micro, small and medium-sized enterprises worth HUF 181 billion, said the deputy state secretary responsible for innovation of the Ministry of...
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Orange juice, cocoa and apartments are also worth a look
In the case of retail investments, the focus is most often on government securities and various bonds, as well as shares, although it is worth opening up to alternative investments...
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Revolut will continue to be the official banking partner of the Sziget Festival in 2025
Revolut has announced that it will continue its partnership with the Sziget Festival in 2025 and will once again act as the event’s official banking and payment partner. After the...
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Lőrinc Mészáros sold the Karcag plastics processor to Mol at a significant profit
According to G7’s report, Lőrinc Mészáros sold his company, which owns the plastic processing plant in Karcág, to Mol at a significant profit. The plant produces recycled granules from PET...
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K&H: albeit with a delay, Hungarian companies follow global AI use trends
This article is available for reading in Trade magazin 2024/10 According to K&H’s innovation index, Hungarian companies are lagging behind a little, but they are following global trends in AI...
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Is the real breakthrough in domestic organic farming coming?
A call for tenders entitled Support for Organic Farming (ÖKO) was recently published, which provides area-based support for the next five years to those who bring their traditional areas under...
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Strategic partnership to strengthen the relationship between art and travel, to develop cultural tourism
Sorry, this entry is only available in HU....
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The Hungarian pavilion of the Osaka World Exhibition was presented in Tokyo
The Hungarian pavilion of the Osaka World Exhibition was presented in Tokyo; The organizers are expecting more than 28 million visitors to the world exhibition, which will be held between...
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LG Electronics achieved record revenue
In the third quarter of this year, LG Electronics (LG) achieved consolidated revenue of 22.18 trillion Korean won, operating profit was 751.9 billion won. Revenue was the highest in the...
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Strengthening producer organizations is the key to the future of the horticulture sector
Producer organizations have an unavoidable role in terms of the future of the domestic horticulture sector – it was said at the conference organized by the National Chamber of Agricultural...
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Júlia Nagy received the Female Entrepreneur of the Year award in the field of sustainability
In 2023, Júlia Nagy, the co-manager of Innotime Hungary Kft., won the “Female entrepreneur of the year in the name of sustainability” award created by the SEED Small Business Development...
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EUDR: a new due diligence obligation for companies to protect forests
Last year Regulation (EU) 2023/1115 of the European Union on the placing on the EU market and export from the EU of certain goods and products related to deforestation and...
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Richárd Szabados: The interest rate on investment loans of the Széchenyi Card program will drop to 3.5 percent
The government will reduce the interest rate on investment-type loans of the Széchenyi Card Program to 3.5 percent from November 1st, from the previous 5 percent, announced Richárd Szabados, the...
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Soil preparation has been completed on half of the autumn sowing areas
Based on the data of the operative reports for the subject date of October 8, the planned area of autumn-sown crops this year is 1.54 million hectares, 49.8 percent of...
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Plant-based alternatives generate more sales in Germany than ever before
The market for plant-based meat and dairy substitutes in Germany set a new record in 2023. Sales rose to €2.2 billion, an 8% increase on the previous year, according to...
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Onion skins instead of plastic?
Single-use plastics are a huge problem worldwide, so more and more people are looking for solutions to find sustainable alternatives to packaging. A Scottish startup, HUID (skin in Dutch), set...
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The Skanzen is preparing for St. Martin’s Day with goose dishes, Hungarian wines and concerts
The Szentendre Skanzen welcomes you with products from local wineries, goose dishes, crafts, and children with stories and concerts at the Szent Márton New Wine Festival and Libator program on...
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Alcampo Invests In Robotics And AI For Online Shopping
Spanish supermarket chain Alcampo has invested €19.4 million in a highly automated warehouse equipped with robots and AI to enhance its online shopping service. The company has unveiled its Customer...
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Competition concerns: UK watchdog launches investigation into Carlsberg-Britvic deal
The UK’s Competition and Markets Authority (CMA) has begun a formal investigation into Carlsberg’s US$4.28 billion deal with Britvic amid competition concerns. The watchdog has opened an “invitation to comment”...
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Animal welfare and sustainability – A vision for European livestock farmers until 2030
The “Voice of European Animal Husbandry” group of like-minded EU partners active in the livestock food chain presents the main elements of the European livestock breeders’ vision of the sector...
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In October, the economic index of the GKI decreased slightly further
According to a survey conducted by GKI Gazdaságkutató – with the support of the EU – in October, the overall expectations of the business sector did not change compared to...
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New HUF 5,000 limit for cash machines: inconvenience and charity opportunities
As of October 26, MOHU introduced a new rule for the use of cash machines: it set a HUF 5,000 limit per transaction, up to which the machine will issue...
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October tea prices: why did Hungarians’ favorite hot drink become so expensive?
Inflation and the rise in the price of raw materials had a significant impact on tea consumption habits, as the rising prices of food products affected not only tea, but...
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Domestic subscription e-commerce is exploding right now
This summer, 4 percent of domestic webshops offered some kind of product in subscription form, however, according to the data, this proportion is expected to increase to 23 percent within...
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NGM: Márton Nagy asked Booking to comply with the law and ensure the acceptance of the SZÉP card
Minister of National Economy Márton Nagy received Katerina Shearer, Booking.com’s head of government relations for the Central and Eastern European region, in his office. At the meeting, the current situation...
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