News and articles
In September only the trade outlook deteriorated significantly
In September domestic business expectations didn’t change very much. After July and August, the GKI Business Confidence Index was lower in September than in August only within the margin of...
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Lower poultry prices
According to AKI’s slaughtering statistics, 487.3 thousand tonnes (live weight) of poultry were slaughtered in Hungary in the first eight months of 2024, 10.9% more than in the same period...
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Winners of the HUNGAROPACK Hungarian Packaging Competition in 2024
The National Association of Packaging and Materials Handling (CSAOSZ) organised the 41st HUNGAROPACK Hungarian Packaging Competition in 2024. This article is available for reading in Trade magazin 2024/11 Several of...
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Measuring success for 20 years: double celebration by Superbrands Hungary this year
2004 was the year when Hungary’s leading brands were rated by the international Superbrands Programme for the first time. This article is available for reading in Trade magazin 2024/11 The...
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Rally for Hungarian food – for the 18th time
The Master Good Kft. team won the 18th edition of Coop Rally. As part of the professional programme promoting quality Hungarian food production and products, this year saw the teams visit six...
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No-meat mood in the frankfurter category
Although frankfurter retail sales were lower last year than in 2022, the end-of-year season was stronger than the year before. This article is available for reading in Trade magazin 2024/11...
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The success of Hungarian champagnes at the 2024 World Champagne Championship
Several Hungarian champagne wineries achieved outstanding results at the 2024 World Champagne Championship, which was held in London. At the prestigious competition, Sauska Borászat, Kreinbacher Birtok, Hungaria and Szentpéteri Borpince...
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Huge success at the WorldStar Student Awards competition
Every year the World Packaging Organisation organises the annual WorldStar Student Awards competition for university students that are involved in packaging design projects. This article is available for reading in...
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Autumn brought a more restrained result in tourism
Following the summer growth, September showed more modest numbers in tourism – Monitorblog points out. The total number of overnight stays increased by 1.1% compared to the same period last...
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Márton Nagy: Domestic consumption is strengthening
Domestic consumption is strengthening, internal demand and the performance of the dependent sectors are positive, the Hungarian economy is being hit by shocks due to external factors, primarily the decline...
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Chocolate fever and spicy orders – this is how Hungarians celebrate Halloween
Special orders and new candy trends in Central Europe: intimate wellness products and health-conscious sweets are becoming more and more popular. Thanks to globalization, the traditions of many countries are...
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KSH: The sales prices of the food industry rose by 0.9 percent
In September, industrial producer prices were on average 0.9 percent higher than a year earlier, the Central Statistical Office (KSH) announced on Thursday. Domestic sales prices decreased by 0.7 percent,...
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The new competitiveness-enhancing EU tenders were presented at the information forum of the Budapest Chamber amid huge entrepreneurial interest.
After a gap of more than a decade, EU tenders available for Budapest companies to support the digital transition and competitiveness are starting. In the GINOP Plus operational program, over...
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Eurozone inflation accelerated to 2 percent in October
On an annual level, the increase in consumer prices in the euro zone accelerated to 2 percent in October from 1.7 percent in September, the EU’s statistical office, Eurostat, announced...
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KSH: in August, the product foreign trade surplus was 443 million euros
In August, the volume of exports decreased by 5.6 percent and that of imports by 4.5 percent compared to the same period of the previous year. The asset amounted to...
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Disillusioned parents versus ambitious children: what do Generation X and young Z want?
According to the parents of 15-19-year-old teenagers, it is primarily necessary to take advantage of opportunities to succeed, who today consider hard work almost not at all, and a diploma...
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Bank360: The government will introduce automatic inflation-tracking tax increases
The government is introducing automatic tax increases for several taxes. According to the bill submitted to the parliament, from 2025, the itemized excise tax on alcoholic beverages, tobacco products and...
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The situation and prospects of Hungarian mushroom cultivation: innovation and sustainability in the sector
Hungarian mushroom growing is one of the special and outstanding sectors of the agricultural economy, which produces about 20-22 thousand tons of mushrooms every year, exporting a significant part of...
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This is how Hungarians paint their homes with their own hands, every five years, white
PPG Trilak mapped the painting habits of Hungarians, Czechs and Slovaks. White was unanimously the most popular color, and two-thirds of Hungarians pick up a paint roller at least every...
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The project to reduce food waste was implemented in the county of Csongrád-Csanád
A project to reduce food waste was implemented in the county of Csongrád-Csanád with international cooperation, as part of which educational materials for the hospitality industry were prepared, the county...
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Alfa Group would speed up the green transition of real estate in Hungary
The compliance of the domestic real estate market with ESG requirements must be significantly accelerated, otherwise Hungary will not be able to meet the very ambitious European Union objectives regarding...
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Butter thefts continue as a result of price increases
The Russian economy faces serious challenges as inflation accelerates and prices continue to rise, while the country devotes its resources to significant defense spending. One of the most striking signs...
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The productivity of the workforce in the manufacturing industry in Hungary is close to stagnation
One of the central elements of the Hungarian economic development strategy is the development of Hungarian industry, for which a competitive, i.e. productive workforce is essential. Labor productivity measures how...
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Consumption could recover in 2025
At the end of August the Equilibrium Institute published its quarterly macroeconomic report and PwC partner Gábor Farkas discussed the main points with Ákos Kozák, economic research director of the...
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It’s time to plant fruit trees in the fall
The production of seedlings, grafts, and fruit-bearing shrubs has begun in domestic fruit nurseries. The National Chamber of Agrarian Economy draws attention to the fact that we should only buy...
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The destruction of wildlife can have serious economic consequences
The need to protect the living world is extremely important, not only from an ethical point of view, but also from an economic point of view, said Oszkár Ökrös, Deputy...
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Financial support for rural hospitality units
At the beginning of September, the third phase of the HUF 13bn funding scheme by the Hungarian government for rural catering businesses ended. In the fourth phase, rural cafés and...
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The reference prices for the 2024 damage mitigation benefit have been published
Damaged producers will be able to submit their application for damage mitigation benefits electronically this year as well from the beginning of November, which they can do on the website...
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Carrefour uses AI to reduce food waste in Belgium
Every day Carrefour has to discount 40,000 near-expiry items in its 831 large stores in Belgium. This article is available for reading in Trade magazin 2024/10 As this is a...
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Viable seeds are created by MATE’s mustard plants planted in the lunar soil
For the first time in the world, it was possible to obtain viable eeds from mustard plants grown in lunar soil at the Hungarian University of Agriculture and Life Sciences...
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