Market News

In Hungary, approximately 20,000 businesses operate in the franchise system

According to estimates, more than 100,000 people are employed by franchise businesses in Hungary, which are characterized by the fact that they offer products or services connected to an established...

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Hungarian winemakers across the border can also count on the support of the mother country

The Ministry of Agriculture pays special attention to the development of the historic Hungarian wine regions and to the support of the community of Hungarian winemakers abroad, stated István Nagy,...

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Gergely Suppan: the domestic labor market is stable

The domestic labor market is stable, and employment reached its peak after the regime change in Hungary, said the leading economist of the Ministry of National Economy (NGM) in the...

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The winners of the Debrecen wine competition were announced

This year’s winners of the city wine competition in Debrecen were announced in seven categories on Wednesday, at the local Mercur hotel. The winners can hold the title of Debrecen...

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The role of veterinarians is indispensable in domestic agriculture

Veterinarians play a fundamental role in protecting the health of animals, in combating infectious diseases and in examining the meat of animals intended for slaughter, Minister of Agriculture István Nagy...

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The European Commission would simplify the obligations and administrative burdens of farmers

The European Commission is proposing a number of short- and medium-term measures to reduce the administrative burden on EU farmers, the Brussels body informed on Thursday. Among other things, the...

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Russian Discounter MyPrice Makes Second Attempt To Crack Belgian Market

Russian hard discounter MyPrice, formerly known as Mere, hopes it will be second time lucky in cracking the Belgian market. After its previous attempt ended abruptly, the parent company has...

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Carrefour on track with ‘Digital Retail 2026’ strategy

Investment focus in CEE on Romania, while high competition in Poland lets franchise network dwindle Carrefour improves its financial soundness and moves ahead on its way to becoming Europe’s largest...

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Japan releases first official alcohol consumption guidelines

The document is an update of drafted guidelines first released by the ministry last December. Japan has published its first official guidance for alcohol consumption with the aim of reducing...

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The application wave starts in the spring

The drafts of the first calls for tenders for rural development published this year are already available and can be commented on on the CAP thematic page of the Ministry...

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Beyond Meat unveils its ‘most significant renovation to date’

The company’s fourth generation of its plant-based beef adds nutrient dense ingredients and replaces coconut and canola oils. Plant-based pioneer Beyond Meat unveiled Beyond IV, the fourth generation of the...

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NAK joined the call sent to the EU by EU agricultural interest representatives

The National Chamber of Agrarian Economy (NAK) has joined the Copa-Cogeca open letter, in which the EU’s agricultural producers and cooperatives are asking the president of the European Commission to...

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The latest issue of Trade magazine is out now!

The digital version is available with more content once again, and can be read by clicking on the front page below.  All in all, we recommend you to read the...

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Fidelity Analyst Survey 2024 – Nobody’s Talking About Inflation Anymore

The past two years have been marked by the fear of how severe the first sustained economic slowdown since 2008 will be. Based on Fidelity International’s annual survey, it appears...

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Semmelweis University and the BioTechUSA company group together against eating disorders

With the support of the BioTechUSA group of companies, the Psychosomatics Department of the Institute of Behavioral Sciences of Semmelweis University implemented an innovative self-help program for family-based treatment of...

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Péter Szijjártó: the Hungarian-Iranian agricultural cooperation agreement opens up new opportunities

The new agricultural cooperation agreement concluded between Hungary and Iran opens up new trade opportunities in the agricultural and food industry, Minister of Foreign Affairs and Trade Péter Szijjártó announced...

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KSH: gross average earnings were HUF 655,600 in December 2023, 16.4 percent higher than a year earlier

In December 2023, the gross average salary of those employed full-time was HUF 655,600, and the net average salary calculated with allowances in mind was HUF 451,300. The gross average...

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Agrometeorology: the early development of vegetation may gain momentum again

The lower average temperature of the past week slightly restrained the premature, rapid development of vegetation, but it may gain momentum again due to the mild weather of the next...

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Italy’s Crai Targets €1b In Private-Label Turnover By 2028

Italian retail cooperative Crai plans to increase the turnover generated from its private-label ranges from almost €350 million to around €1 billion by 2028. The retailer plans to introduce the...

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Danone ‘to sell off operations in Russia’

Danone is reportedly intending to sell its operations in Russia to local dairy group Vamin Tatarstan. The reports have emerged a day before the French giant is due to release its...

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The farmers of the Visegrad countries demonstrated together

Czech, Slovak, Polish and Hungarian farmers held a joint demonstration. Organized by the National Chamber of Agriculture, the Association of Hungarian Farmers’ Unions and Farmers’ Cooperatives, as well as the...

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Lidl UK looks for outside funding

The discounter wants to raise around 90 mn GBP from investors to build 12 new stores Lidl in the United Kingdom looks for new ways to finance its store network...

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BNPL popularity rises among ‘financially fragile’ consumers

About 60% of that group used BNPL five or more times in the past year, compared to just over 20% of more stable consumers, the New York Fed said. “Financially...

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The price of farmland in Hungary fell for the first time in more than ten years last year

Last year, the rising trend of the land market, which had lasted for more than a decade and was around 10 percent per year, was broken. The average price of agricultural...

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We are consuming less and less pork

According to statistics, the consumption of pork by Hungarians shows a decreasing trend, although some dishes made from pork are still extremely popular. In a recent article, HelloVidék covered the...

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The new and the old: NIS2 and GDPR in corporate information security

If you had to name a law that was created specifically for the protection of information in the European Union, almost without exception, GDPR would be the first thing that...

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On February 29, the III. REL EXPO, the short food supply chain conference and exhibition

The Short Food Supply Chain Expo and Conference will soon reopen in the main organization of the Kislépték Association and in the co-organization of the National Chamber of Agriculture and...

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Organic farmers enjoy an advantage in the distribution of HUF 2,900 billion intended for Hungarian agriculture

The social consultation before the call for tenders for rural development and agriculture has begun, so one detail may still change, but it is already clear that, in total, about...

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There is a lack of financial awareness among the youngest customers

Financial awareness can only be said of a narrow group of 14-18 year olds. In addition, every second young person thinks that they still have time to deal with their...

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The land sale program continues

More than 1,300 pieces of state-owned land with an area of less than 10 hectares will be offered for sale through a public tender in the land sale program, which...

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