News and articles
The EU has proposed measures to improve the resilience of the fisheries and aquaculture sector
The European Commission presented a package of measures to improve the sustainability and resilience of the EU fishing and aquaculture sector, the EU Commission announced on Tuesday. Virginijus Sinkevicius, the...
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Coca-Cola debuts ‘transformation-flavored’ soda in its latest limited-time offering
Coca-Cola is introducing its latest limited-time offering called Coca-Cola Move in collaboration with Grammy-award-winning singer Rosalía, the company said in a statement. After last year’s roll-outs Coca-Cola Starlight, Coca-Cola Byte,...
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Fresh Food Packaging Market Set To Be Worth €193bn By 2023
The global fresh food packaging market is expected to grow at an average CAGR of 3.88% over the next ten years, new data from Future Market Insights has found. As...
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MOKK: it is worth making a will about the farmland in advance
If someone has farmland, it is definitely worth making a will about it in advance, as this can prevent disputes between the heirs – the Hungarian National Chamber of Notaries...
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The GVH ordered Wish to pay compensation
The Economic Competition Authority (GVH) has closed its investigation against Wish, one of the largest international e-commerce marketplaces, launched in 2021. The operator of the platform undertook a complex reparation...
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The net financial assets of households increased to HUF 69,513 billion
2022 IV. by the end of the quarter, the financial assets of households increased to HUF 83,939 billion, which is an increase of HUF 1,907 billion compared to the previous...
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In February, consumer sentiment in the euro area reached a one-year high
As expected, consumer sentiment in the euro zone improved to a 12-month high in February, according to Monday’s report based on preliminary data from the European Commission’s Directorate-General for Economic...
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Penny-Market raises wages by 17 percent
Penny-Market Kft. will raise the wages of its employees by an average of 17 percent with effect from April 1, the retail chain told MTI on Monday. In addition to...
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Randstad “HR Trends 2023”: the corporate sector’s expectations for this year are mixed
The management of domestic companies is looking ahead to 2023 with more cautious expectations, according to Randstad’s latest “HR Trends 2023” research, which aims to provide insight into the adaptation...
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Aldi International IT Services Kft. raised wages
Aldi International IT Services Kft. (AIIS), the Hungarian subsidiary of the German discount chain that provides IT services, increased the wages of its employees by 10 percent this year, increasing...
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IKEA fights for sustainability not only with its furniture, but also with its food
IKEA wants to become a climate-positive company by 2030, but for this it needs to produce more plant-based food. In 2022, approximately 520 million guests tried IKEA’s food offering, which...
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Gulfood has opened, twenty-two exhibitors at the AMC stand
With a community stand and twenty-two exhibitors, the Agrármarketing Centrum (AMC) participates in Gulfood, one of the world’s leading food industry trade fairs. The Dubai fair is the most significant...
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World Pancake Day is here
Jam, cottage cheese, cocoa or hazelnut cream – pancakes are one of the most popular desserts and everyone loves them, but even such a seemingly simple delicacy can easily be...
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Deloitte: regional companies expect GDP growth of less than half a percent
The financial managers of Central European companies expect an average GDP growth of 0.33 percent this year compared to 2.3 percent in 2022; this year’s is close to the 0.25...
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The Parajd salt mine was closed to visitors
The salt mine in Parajd was closed to visitors on Monday after groundwater seeped into the old tunnels, and as a result, the humidity of the air in the halls...
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The Cosmetics Europe COSMILE Eu database has been launched
The database on cosmetic ingredients prepared by Cosmetics Europe has become available in the European Union. On February 16, 2023, Cosmetics Europe launched the COSMILE Europe ingredient database, which provides...
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We already know which is your favorite donut!
The carnival season cannot pass without doughnuts, and we Hungarians love the traditional, home-baked ribbon donut filled with apricots the most. – at least this is what was revealed in...
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Tenders are open for butcher shops
Butcher shops operating as micro-enterprises can apply for up to HUF 3.5 million, MTI reports. Pál Márton Nobilis, the State Secretary responsible for the food industry and trade policy of...
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NAV is expecting KATA-based enterprises
After the changes at the end of the summer, the kata can be on the table again, but this time on the control side. Lately, the tax authority has been...
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Hungarian company managers are more pessimistic this year, according to a survey
According to the announcement, a little more than half of the optimists expect a net sales increase of between 4 and 10 percent; in the IT sector, service centers and...
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K&H Bank’s profit fell by 10 percent last year
K&H Bank’s profit after tax fell by ten percent to HUF 67.6 billion in 2022, Attila Gombás, head of K&H Bank’s financial division, announced at an online press conference on...
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Smurfit Kappa Invests In Green Energy At Spanish Paper Mill
Smurfit Kappa has announced a €6 million green energy investment at its Sanguesa paper mill in Spain. The investment will be used to construct and install up to 12,000 solar...
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Auchan Retail Portugal Launches Ecological Detergent Made From Cooking Oil
Auchan Retail Portugal has launched a range of eco-friendly detergents produced from used vegetable oil, as it seeks to achieve its goal of reducing waste and promoting a circular economy...
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7UP unveils fresh brand identity with new packaging design
PepsiCo soft drinks brand 7UP has unveiled a new packaging design to elevate its international positioning. The brand identity is being introduced with the expression ‘New Get Up, Same 7UP’,...
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The call for tenders to support butcher shops has opened
Butcher shops operating as micro-enterprises can apply for up to HUF 3.5 million thanks to a new call from the Ministry of Agriculture, Dr. Pál Márton Nobilis is the state...
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The Agricultural Marketing Center presents Hungarian food products in Dubai
The Agrármarketing Centrum (AMC) will present Hungarian food products at one of the world’s leading food trade fairs, which is open from Monday to Friday in Dubai, AMC told MTI...
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Germany’s new Supply Chain Due Diligence Act and its impact on Hungarian suppliers
As of 1 January 2023 a new Supply Chain Due Diligence Act came into effect in Germany, which requires companies to audit their suppliers according to a certain set of...
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The US Food and Drug Administration recommends that plant-based milk replacer drinks can be sold as milk
The U.S. Food and Drug Administration recommends that plant-based milk replacer drinks be labeled “milk” by manufacturers. The organization of dairy enterprises is protesting. According to a draft rule issued...
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Dávid Hollósi: The price increase may stop, but food will not become cheaper
Dávid Hollósi, the managing director of the agricultural and food industry business of MKB Bank and Takarékbank, revealed in a recent interview for Index that the rate of growth of...
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Viktor Orbán: the food price freeze will remain in place until the government can set inflation on a downward path
Prime Minister Viktor Orbán said that we must expect that the war will become more and more savage and cruel, so we must be prepared for the fact that the...
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