Market News
EU approves marketing standard rules in “breakfast directives”
The EU is set to introduce “breakfast directives” that lay down rules on the composition, sales names, labelling and presentation of the products. The EU has agreed upon new marketing...
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Lidl Switzerland Slashes Prices Of Over 100 Organic Items
Lidl Switzerland has lowered the prices on over 100 organic products, including everyday staples like milk, bread, meat, fruit, and vegetables. This constitutes around a third of its 350 organic...
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Sainsbury’s wants to rise to the next level
New three-year strategy puts market share growth, loyalty and retail media capabilities as well as billion-pound cost savings program in focus. Sainsbury’s, the UK’s number two grocery retailer, is looking...
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There is no future without farmers! Producers demonstrating in Záhony demanded the introduction of an immediate import ban on Ukrainian goods from Brussels
Organized by the Association of Hungarian Farmers’ Unions and Farmers’ Cooperatives (MAGOSZ) and the National Chamber of Agriculture (NAK), domestic producers held a farmers’ demonstration at the border crossing in...
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The government provides HUF 450 billion for the development of enterprises through the GINOP PLUSZ program
The government’s goal is to restore economic growth and achieve a GDP growth of around 4 percent in 2024 after successfully suppressing inflation. In order to support dynamic development, the...
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Eurostat: 513 kilograms of waste was generated per person in the EU in 2022
The amount of municipal waste per capita in the European Union was 513 kilograms in 2022, 19 kilograms or 4 percent less than in 2021 (532 kg); In Hungary, 406...
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GVH organized an online workshop on consumer protection responsibility
In an online workshop, experts from the Economic Competition Office (GVH) and domestic private law experts discussed the most current issues of consumer protection responsibility. In the framework of the...
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GVH: the online price monitor received a quality award
The online price monitor operated by the Economic Competition Authority (GVH) received a quality award at the Website of the Year competition, the GVH told MTI on Thursday. They recall...
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A Hungarian innovation helps prevent mass fish kills
The Agricultural and Food Business of MBH Bank and its professional partner, the Hungarian Aquaculture and Fisheries Inter-professional Organization (MA- FISH). One of the main advantages of the entirely domestically...
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Mars Brings Back Seasonal M&M’s Flavor for Valentine’s Day
M&M’s released its 2024 Valentine’s Day gift guide and introduced new offerings. M&M’s released its 2024 Valentine’s Day Gift Guide exclusively on its online shop, which offers customizable gifts, party...
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The revenue of Budapesti Gyógyfürdői és Hévízei Zrt. set a record last year
The revenue of Budapest Gyógyfürdői és Hévízei (BGYH) Zrt. set a record last year: according to preliminary data, it was close to HUF 23 billion compared to the planned HUF...
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Agrometeorology: continued mild weather disturbs the dormant phase of vegetation
The continuing mild weather disturbs the winter dormant phase of the vegetation, the plants have started to develop, but too early development increases the risk of spring frost damage –...
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Crai And Glovo Partner For Rapid Grocery Delivery
Italian grocery chain Crai has partnered with delivery platform Glovo to offer 30-minute home delivery from select stores in Italy. The service will be launched in the Lazio and...
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Let’s choose Hungarian-grown ornamental plants for Women’s Day as well!
Despite rising prices, Hungarians are not giving up on buying flowers for the spring holidays, according to the joint market overview of the National Chamber of Agriculture and the Professional...
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Demand for low/no beverages jumps by 10 percent
According to supermarket giant Tesco, consumers have created an increased demand for no and low alcohol during Dry January. Latest reports have revealed that, during Dry January, supermarket giant Tesco...
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The first calls for investment tenders will appear in the spring
Zsolt Feldman spoke about the tenders to be announced by the Ministry of Agriculture this year, the commitments that are more strongly evaluated during the evaluation, and the measures to...
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Retail sales decreased in the euro area and the EU in December
In both monthly and annual comparisons, retail sales in the euro area decreased in December. The statistical office of the European Union, Eurostat, announced on Tuesday, as non-final data, that...
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Can the interest rate be lower? – Here is the VOSZ answer!
In Hungary, the intensive, wide-ranging and permanent decrease in inflation has been going on for months, and the increase in consumer prices no longer exceeds the average level of the...
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NGM: the government supports increasing labor market activity with more than HUF 460 billion
By 2030, more than HUF 460 billion in EU funds can help increase labor market activity, mobilize labor reserves, train those at work and improve working conditions, the Ministry of...
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The national ice damage mitigation system protects 9.3 million hectares of land
The national ice damage mitigation system, which has been in operation since 2018 and protects 9.3 million hectares of land, will continue to be operated with HUF 2 billion government...
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ÖK’s research project helps protect wildlife from the harmful environmental effects of ivermectin
Grazed animals are treated with anthelmintics, which, if released into the wild, pose a threat to the local insect and bird life. The ecologists of the HUN-REN Ecological Research Center (HUN-REN...
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The farmers’ protests in Spain were drowned in scandal
Authorities detained six people and fined hundreds on Wednesday in the second day of farmers’ protests in Spain. The more serious incidents took place near Santa Fé in the Granada...
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The production of pears decreased in the EU and increased in Hungary
According to data from the World Apple and Pear Association (WAPA), the European Union (including the United Kingdom) produced 1.7 million tons of pears in 2023, which is 13 percent...
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A new laboratory method can help filter out fake honey
The Semmelweis University and the Hungarian University of Agriculture and Life Sciences have developed a unique method for verifying the authenticity of honey. The researchers’ new method is faster than the...
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We are further strengthening cooperation in the field of agriculture with Slovakia
On Tuesday afternoon, Minister of Agriculture István Nagy discussed the market difficulties caused by Ukrainian grain, the European farmers’ protests, trade and animal health issues with Richard Takáčc, Slovakia’s new...
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EU Commissioner: it must be ensured that the agri-food sector remains competitive
The EU must ensure that the agri-food sector remains competitive and at the same time provides a fair income for all farmers, small and medium-sized enterprises, this is also important...
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AM State Secretary: precision production is inevitable for the competitiveness of agriculture
Farmers who want to remain competitive on the international market cannot avoid the use of data-based and precision technologies, said the Secretary of State responsible for agriculture and rural development...
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Lidl To Invest €140m In Its Largest Spanish Logistics Hub
Discounter Lidl has announced its largest logistics investment in Spain to date – a €140 million complex in Martorell, near Barcelona. The 66,000 square metre facility, slated to open in...
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Digital technologies could play greater role in preventing under-age booze sales
The British government has launched a consultation on whether to allow digital technology to play a role in age verification for alcohol sales. It is also considering whether to amend...
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The immediate export of soybeans has increased in Ukraine
According to Tallage, US soybean spot export (FOB Gulf) fell $50 to $405/t, March $56 to $398, April $63 to $396, May $62 to $398/t November 17, 2023 and January...
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