Market News
ESG – about sustainability standards, from a legal perspective
Since December 2023 several pieces of legislation have been published on ESG detailed rules, in which legislators have further specified certain qualification criteria for preparation, sustainability reporting and for those...
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European Union launches another Innovation Fund round
A new round of the European Commission’s Innovation Fund is expected to open in November, with more than EUR 3bn in funding for companies to make green investments. This article...
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DS Smith opens new eco-classroom in Füzesabony
For the third time this year, DS Smith opened an eco-classroom in Hungary. This article is available for reading in Trade magazin 2024/11 As part of the project realised with...
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Hungarian companies are optimistic about climate change
According to EY’s international research, the majority of Hungarian companies are optimistic about meeting their climate targets, and 70% are confident that they will reach their sustainability goals. This article...
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PwC: dramatic steps needed to meet climate targets
According to PwC’s recent Net Zero Economy Index report, the global slowdown in carbon intensity is threatening to jeopardise the achievement of climate targets. This article is available for reading...
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Lidl buildings going green
Lidl Magyarország acquired the EDGE green building certification for all of its stores by the end of 2023, which is an important milestone in the company’s energy efficiency targets, informed...
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Young people value sustainability and environmental protection the most
According to the a joint survey by the Bosch Group and Richter Gedeon Nyrt., the climate crisis and the finite nature of natural resources are the biggest challenges for more...
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Törley Sparkling Wine Cellar: green innovation and sustainability
Törley Sparkling Wine Cellar is introducing a new sustainability strategy, aiming to get half of its energy from renewable sources by 2030 and to achieve total carbon neutrality by 2040....
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ENVIRONTEC: sustainability and innovation
Three-day trade fair “ENVIRONTEC powered by ÖKOINDUSTRIA” took place at HUNGEXPO and was a real success. This article is available for reading in Trade magazin 2024/11 More than 100 exhibitors...
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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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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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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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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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Lidl Announces Digital Partnership With Disney+
Lidl customers in Germany who use the Lidl Plus app and reach a certain monthly purchase volume will have the option of selecting the Disney+ subscription option ‘Standard with Advertising’...
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The most exciting agricultural technology event is coming
The rebirth of agriculture in the struggles of the generations, the global agricultural robotics revolution, the transition between military industry and agricultural innovations – among others, those interested can meet...
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Agrometeorology: fall crops would need precipitation
Sufficient moisture is still available in the soil for the development of the autumn ears of corn, and the high temperatures compared to the season also help the stands to...
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