News and articles
Domestic horseradish production has been growing for 3 years
Hungary is the largest horseradish producer in the European Union. A significant part of Hungarian horseradish is exported, where – due to its unique flavor – it is typically used...
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Diageo To Invest £40.5m In Beer Packaging Facilities
Spirits giant Diageo has announced an investment of £40.5 million (€48.6 million) to expand capacity at its packaging facilities in Belfast, Northern Ireland and Runcorn, England. The move aims to...
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Raiffeisen: Economic growth could be 2.5 percent this year
Instead of the previously expected 4.5 percent, this year’s economic growth may be around 2.5 percent in Hungary and next year’s around 2 percent, Zoltán Török, an analyst at Raiffeisen...
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Elopak, Nippon Paper Industries Sign Oceania Licence
Carton packaging firm Elopak has announced the signing of a partnership with Nippon Paper Industries, which will see Elopak’s Pure-Pak cartons go on sale in the Oceania market. Nippon Paper...
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MOL Group Acquires Plastic Recycling Company ReMat
Fuel retailer MOL Group has acquired Hungary’s ReMat, a plastic recycling company with an annual processing capacity of 25,000 tonnes and almost 200 employees. The deal aligns with the fuel...
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Analysts: Retail sales grew more than expected
The volume of retail sales increased more than expected in February compared to the same period of last year, analysts told MTI commented on the latest report from the Central...
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In 2021, the government issued tenders worth 2,000 billion HUF in agriculture
Last year, the government issued tenders worth 2,000 billion HUF to farmers, food processors, viticulturists and winemakers, said the state secretary of the Ministry of Agriculture responsible for agriculture and...
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Almost 40 percent of the autumn rape had to be pre-harvested in Békés county
Due to the large water shortage, almost 40 percent of the autumn rape had to be harvested in Békés county, the general deputy chairman of the Békés county directorate of...
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Colliers’ commercial real estate investment volume in Central and Eastern Europe rose 6 percent last year
Despite the disruption caused by the pandemic, last year the volume of commercial real estate investment reached 11.07 billion euros in the Central and Eastern European region, an increase of...
Read moreIn the OECD, inflation was at a 31-year high in February
In the countries belonging to the Organization for Economic Co-operation and Development (OECD), the annual increase in consumer prices was 7.7 percent in February after 7.2 percent in January. Inflation...
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In February, producer prices rose by 1.1 percent in the euro area and the EU
On a monthly basis, producer price inflation has slowed at a record pace on an annual basis, both in the euro area and in the European Union. The EU’s statistical...
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Analysts: Retail sales increased above expectations
The volume of retail sales increased more than expected in February compared to the same period of the previous year, analysts commented on the latest report of the Central Statistical...
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AM: Hungary active at regional level for sustainability
Sorry, this entry is only available in HU....
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(HU) Nébih: Magyarországra is érkeztek szalmonellával szennyezett Kinder csokoládétermékek
Sorry, this entry is only available in HU....
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Trade unions protest for energy and food safety in Bucharest
Thousands of members of Romania’s National Trade Union Bloc (BNS) protested in Bucharest on Wednesday demanding government measures to counteract the negative effects of the war in Ukraine....
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Feldman Zsolt: Óriási a nyomás a mezőgazdaságon, de szép és izgalmas év vár ránk Zsolt Feldman: The pressure on agriculture is huge, but a beautiful and exciting year awaits us
This is the second year that is a transitional period for EU agricultural regulation. Although the really big changes will take effect from 2023, it is vital that this year...
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EU to spend €554 million this year on food security in the Sahel and Lake Chad
Due to the worsening food and nutrition security situation in the wake of Russia’s aggression against Ukraine, the European Union has decided to spend 554 million euros (about 205 billion...
Read moreKSH: The turnover of retail stores increased by 9.8 percent in February
In February, the volume of retail trade turnover was 9.8 percent higher than in the same period of the previous year, according to both raw and calendar-adjusted data, the Central...
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DS Smith calls for UK energy classifications and public investment as inflation hits supply chains
DS Smith is issuing a call for energy classifications and public investment in energy infrastructure in response to the threat of inflating prices and supply chain disruptions. The UK is...
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Fewer than 20% of retailers on track to meet sustainability targets
Fewer than 20% of retailers are on track to meet their sustainability targets, according to the Boston Consulting Group. The consultancy surveyed 37 major retailers around the world with annual...
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UPS healthcare business expands its capacity in Hungary by 1.5 times
As part of its intensive global expansion strategy, UPS Healthcare, the healthcare business of leading logistics service providers, has recently made several significant investments in Hungary, offering faster delivery times...
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NAK: This year, village farmers are mainly helping people to submit uniform applications
This year, the village farmers of the National Chamber of Agriculture (NAK) are mainly helping people to prepare and submit the single payment application, which has been done over the...
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Heineken Ireland Uses Recycled Carbon Dioxide To Produce Beer
Heineken’s Irish subsidiary, Heineken Ireland, has said that it is 96% sufficient in carbon dioxide through the use of capture and reuse initiatives, with recycled carbon dioxide used to carbonate...
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FAO: global food prices could raise by 8 to 22 percent as a result of the Russian invasion
According to the Food and Agriculture Organization of the United Nations (FAO), the Russian war against Ukraine is having a negative impact on the global food market. Russia and Ukraine...
Read moreThe activity of the British economy is at a ten-month high
Ten-month highs in the British economy’s final activity indicators, released on Tuesday, reached a ten-month high, indicating that the Russia-Ukraine war had not yet slowed down the performance of Europe’s...
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Sunflower oil prices may continue to rise
Ukraine has the world’s largest sunflower oil industry, but the Russian invasion has led to a significant decline in plantations and exports, portfolio.hu quotes Ievgen Osypov, CEO of Kernel Holding,...
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Economic growth in the euro area slowed moderately in March
The growth rate of the euro area economy performance was faster than in the previous year, but was modestly lower than in February. The Euros Composite Purchasing Managers ’Index (PMI)...
Read moreRetail sales growth in the Czech Republic slowed in February
Annual growth in retail sales in the Czech Republic fell to 4.6 percent in February from 9.4 percent in January, the Czech Statistical Office said in Prague on Tuesday. Last...
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Ministry of Agriculture: The submission interface of the single application will open on Wednesday
On Wednesday, April 6 this year, the filling area of the single application will open, at which time farmers will be able to submit their applications. Within the framework of...
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Putin: Western sanctions have caused food crisis, export must be cautious
Western sanctions have triggered a global food crisis and an increase in energy prices, and Russia will be more careful in its food exports under these circumstances, especially for countries...
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