News and articles
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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The introduction of the county pass and the national pass will also be seen in domestic tourism and hospitality
The introduction of the county pass and the national pass in public transport on May 1 will be an epoch-making change, the MÁV-Volánbusz group told MTI on Saturday. They wrote...
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Tesco chooses a different strategy instead of promotions
“Hungarian customers do not need a reduction in the price of a single product, but rather long-term low prices and personalized shopping discounts with which they can optimize their household...
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László Perlusz: thousands of businesses in retail have closed, tourism and hospitality are in a difficult situation
László Perlusz, the Secretary General of VOSZ, spoke about his entrepreneurial prospects in 2023 in an interview with InfoRádio. He is fundamentally optimistic, but considers it important that “it is...
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Competition Office: there is a difference between the content of “green” advertising messages and the consumer’s interpretation
In many cases, there is a difference between the real content of the sustainability advertising messages of Hungarian businesses and their consumer interpretation based on the rapid investigation of the...
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Gyermelyi Zrt. handed over a new mill
On Friday, Gyermelyi Zrt. handed over a new mill built with an investment of more than HUF 6.5 billion, making the company Hungary’s largest mill industry enterprise operating within one...
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About HUF 340 million was spent on technological modernization at two sites of HFI Kft
HFI Kft., which mainly deals with vegetable processing and preservation, has modernized and expanded its capacity at two locations by purchasing equipment and building a hall for about HUF 340...
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A new type of cabbage is trendy now in Europe, the demand for it is huge
The new, pointy and purple type of cabbage referred to as “violetti” was created a few years ago by Dutch breeders by crossing the traditional pointed cabbage and a red...
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The French may also have a food price freeze
Sorry, this entry is only available in HU....
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KAP support conditions can be met for all farmers
In exchange for the subsidies, the rules of the new Common Agricultural Policy lay down more pronounced environmental and climate protection requirements compared to previous years, thereby encouraging agricultural practices...
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MasterCard won the “Sustainable Initiative of the Year” award
The “Sustainable initiative of the year” category of MasterCard’s Bank of the Year competition was won by K&H Bank’s green home loan, which is the first and so far unique...
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Bosch announced a 70 billion HUF investment in Hungary
Robert Bosch Power Tool Kft. has announced an investment of almost HUF 70 billion in Hungary, within the framework of which a logistics center will be established by the end...
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The Pest County Government Office also examined products promising miracles
Last year, the consumer protection department of the Pest County Government Office carried out more than 1,200 official inspections and imposed a HUF 28 million consumer protection fine, the head...
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It has been revealed who became the agrarian of the year in 2022
István Papp, the owner and managing director of Hajdúhús 2000 Kft. in Debrecen, became the agriculturist of the year in 2022 – the organizer Agrotrend Group announced to MTI on...
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Continente Launches Vegan Alternative To Yoghurts
Portuguese supermarket chain Continente has launched a new product range, Vegegurtes, a new vegan alternative to yoghurts that forms part of the retailer’s ‘Powered by Plants’ offering. The new, 100%...
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A new whiskey superpower is being built in Europe
The number of distilleries producing whiskey in Germany has increased in the recent period. Today there are many more distilleries making spirits than in Scotland. After the Second World War,...
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Coop 365discount Urges Danish Government To Cut VAT On Fruit & Vegetables
Danish retailer Coop 365discount has urged the country’s Minister for Food, Agriculture and Fisheries, Jacob Jensen, to reduce VAT on fresh fruit and vegetables. The retail chain, which is part...
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Work, knowledge, openness – this is the key to success in agriculture
The future belongs to knowledge-based, professional agriculture, success requires the application of new technologies, openness and knowledge – stated Zsolt Feldman, the State Secretary responsible for agriculture and rural development...
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American producer prices rose more than expected in January
The American producer price index rose more than expected in January, according to the statistics institute of the Washington Department of Labor, the U.S. Based on Thursday’s report from the...
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Cadbury launches first non-HFSS range
Mondelēz has launched Cadbury’s first-ever range of non-high in fat, salt or sugar (non-HFSS) treats, Cadbury Dairy Milk Fruitier and Nuttier. The selection features ‘trail mix’ which includes raisins, sultanas,...
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The number of guest nights at Lake Balaton increased by 27 percent last year
Last year, 2.8 million guests spent 8.8 million guest nights at Lake Balaton, which means 38 percent more guests and 27 percent more guest nights compared to the previous year,...
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The agriculture must work consistently in the next period
Farmers can still count on the Hungarian government in 2023, together we will take up the fight against the release of production costs and market uncertainties, said Minister of Agriculture...
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A horse walked into Tesco, became a TikTok star
Everyone was shocked when a horse appeared in a Tesco in Wales, Metro reports. The footage shows that the four-legged onlooker is not particularly bothered; he walks comfortably among his...
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Survival strategies
This year’s subtitle of the conference series “My love for trade marketing” was “Survival strategies”. The participants searched for answers to the challenges caused by inflation and the crisis with...
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The price cap often means a loss of HUF 300 per kilo or liter
Katalin Neubauer, secretary general of the Hungarian National Trade Association (MNKSZ), spoke to Index about the consequences of the price cap for traders. “It is most noticeable in the case...
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Due to its declining profits, Nestlé is preparing for further price increases
The Swiss Nestlé, one of the world’s leading food industry companies, ended last year with a pre-tax profit of 9.3 billion francs, which is a significant 45.2 percent decrease compared...
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The sales revenue of the BioTechUSA company group increased by 40 percent last year
The BioTechUSA company group closed the year 2022 with a record financial result, its sales revenue increased by 41 percent and reached HUF 80.4 billion, its earnings before interest, taxes...
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