News and articles
Declining prices on the meat and egg market: significant changes in July
According to the latest report of the Agricultural Economics Institute (AKI), at the end of July 2024, a significant price drop was experienced on the market for slaughter pigs and...
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The price of flour suddenly jumped: what does this mean for bread and bakery products?
The August data of the Pénzcentrum’s monthly updated “bun index” brought a significant surprise: after a long period of stagnation, the price of flour rose by nearly 50% in a...
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The growing popularity of convenience foods: how is food consumption changing?
The increasingly fast pace of life in modern society is accompanied by the relegation of traditional home cooking and an increase in the demand for convenience foods. For people, simplicity...
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It will be more expensive, but starting school means less of a burden
Despite rising costs, this year overall, families feel the start of the school year to be somewhat less of a burden, according to Erste’s representative research. However, the majority still...
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The DRS system and changes in consumer habits
On July 1st, the beverage packaging collection system was launched in Hungary, the aim of which is to encourage the population to recycle. From this date on, producers can only...
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In July, the rate of increase in consumer prices accelerated in the euro area and the EU
In July, the rate of increase in the consumer price index accelerated in the euro area and in the European Union, according to the final data of the EU’s statistical...
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GVH clarifies the difference between a tip and a service fee
Catering establishments are increasingly applying the service fee, which they can freely set, but which must be displayed on the menu and other information surfaces. Bálint Horváth, head of communications...
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Collection of school supplies at Auchan: help for large families to start school
As the start of school approaches, it is a serious financial challenge for many families to acquire the necessary school supplies, especially where several children start school. Auchan wants to...
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The decline of the Mako onion: what will be the fate of the traditional onion?
Red onion is an essential ingredient of Hungarian cuisine, without which a domestic dish is almost unimaginable. The Makó onion, which is known worldwide for its quality and taste, was...
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The annual decline in producer prices slowed down in Germany in July
In Germany, producer prices fell by 0.8 percent in July compared to a year earlier, which is a slowdown after the previous month’s 1.6 percent year-on-year fall, but it was...
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Beyond Balaton: List of Hungary’s favorite lakes
Lake Balaton is undoubtedly Hungary’s most popular summer destination, but many people complain about the crowds and high prices. However, there are many other lakes in our country that offer...
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Organic farming can be strengthened in Hungary
Climate change, the harmful effects of industrial agriculture and the increase in health risks are increasingly emphasizing the importance of sustainability and environmental awareness in agriculture. Worldwide, increasing attention is...
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Beijing launches drone delivery service on the Great Wall
Beijing has launched the first drone delivery on the Bataling section of the Great Wall, which will allow tourists to get emergency supplies, such as drinking water, within minutes if...
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Hungary’s first rural Hilton hotel opened in Debrecen
Hungary’s first rural Hilton hotel has opened: the Hilton Garden Inn Debrecen City Center awaits its guests in the historic city center, next to the Reformed Church and the Reformed...
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Revolut: new branch and expanding services in Hungary
Revolut, one of the fastest growing fintech companies, has reached a new milestone in Hungary: the company plans to open a branch in the country, which will bring significant changes...
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Cakes of Hungary have appeared in pastry shops
This year, Hungary’s Cake and Sugar-Free Cake were selected, which in 2024 became the imaginative creation of Mákvirág by Vác confectioner Alfréd Kovács, and Zöld Málna by Szeged confectioners Ádám...
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The Hungarians’ vision of the future is not very optimistic
The vast majority of middle-aged Hungarians expect that their state pension will be low, so they have to work for a living while they can. In this situation, the best...
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Leadership change at Starbucks
The world’s best-known coffee chain, Starbucks, appointed a new CEO in mid-August, which not only attracted the attention of the business press, but also received special attention due to the...
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Record-breaking heat and drought in Hungary: serious damage and forecasts
The extreme heat experienced in recent days has serious consequences in Hungary. On Thursday, a third-degree heat alert was in effect in four counties, and from Friday, the heat will...
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The food industry faces serious challenges
The past few years have brought a busy period for the Hungarian food industry, which continues to show a heterogeneous picture in terms of ownership, company size, technology and management...
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New challenges await one of the world’s largest retail store chains
7-Eleven, the world’s largest retail chain, operates more than 84,000 stores in 19 countries, making it a dominant player in the global trade sector. The company was founded in Texas...
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GVH president: Simplified administration in merger cases is becoming more and more popular among companies
The Economic Competition Authority (GVH) is trying to contribute to the reduction of the administrative burden of domestic enterprises with a number of initiatives. Balázs Csaba Rigó, president of the...
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German exports fell by 1.6 percent and imports by 6.2 percent in the first half of this year
Germany’s exports and imports decreased in the first six months of this year compared to the same period last year, the German statistical office Destatis announced on Monday. German exports...
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American retail sales expanded more significantly than expected in July
Retail sales in the United States expanded more significantly than analysts had expected in July on a monthly basis, but accelerated growth was also recorded in an annual comparison. Bureau...
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Outstanding hybrids, efficient technology – Syngenta presented its new solutions
The farmers who visited the Syngenta crop-EX events, where they could view the company’s wide range of corn and sunflower hybrids and experience the impact of innovative, modern technology in...
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Changeable weather and an early harvest define this year’s plum season
This year, the amount of plum harvest may turn out to be more favorable compared to previous years, despite the fact that due to spring frosts and the cold effects...
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Middle East tensions: airlines suspend flights and avoid dangerous airspace
Due to the escalation of tensions in the Middle East, many airlines have decided to suspend their flights to the region or fly on modified routes, avoiding dangerous airspace. Wizz...
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Sustainable tourism: Hungary is still at the beginning of the road
Interest in sustainable forms of travel and vacations is growing around the world as tourists’ awareness of their environmental impact grows. Larger tourism providers are also increasingly recognizing the potential...
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The Parkside Cooler Bag is popular at Lidl
Lidl came out with a new product, which will most likely quickly win the favor of customers and may quickly sell out of the shelves. The chain’s newest offering is...
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Balaton’s free beach was closed
The Veszprém County Government Office temporarily closed the Somos free beach from August 16 due to the deterioration of the water quality of Lake Balaton. According to some reports, the...
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