Market News
The government also protects agriculture by requiring import notification
Agriculture is affected both by the war and Brussels’ pro-war policy. For this very reason, in addition to the ban on the import of Ukrainian agricultural products, the government is...
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Oatly allowed use of the word “milk” on plant-based drinks packaging
Plant-based brand Oatly has won a High Court case against the UK dairy industry, and can continue to use the word “milk” on the packaging of its products. This article...
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Science is rewritten by AI
Artificial intelligence (AI) appeared in Hungarian healthcare in the last decade. Despite the fact that patients and professionals still sometimes fear its use, its use is growing exponentially. We can...
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K&H SME confidence index: Businesses are still in a negative mood
The hopeful improvement of the K&H SME confidence index seen at the end of last year came to a halt again in the first quarter of this year: with a...
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Wolt launches Wolt Ads, which contributes to the business growth of its partners
Wolt launched dedicated advertising opportunities for both local merchant partners (Wolt Ads for Merchants) and larger international brands (Wolt Ads for Brands). Services are available in most Wolt markets. Merchants...
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From Ransomware to “Pig Slaughter Scam” Visa’s recent report draws attention to the most common frauds affecting consumers and businesses
Visa has released the spring 2024 edition of its semi-annual International Fraud Report, which highlights the most common payment threats affecting consumers and businesses worldwide. “Criminals never go on vacation....
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The EU would close the gender pay gap
The European Union directive on wage transparency will soon oblige medium-sized and large companies to provide detailed reports on the salaries of their female and male employees. According to the...
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What and how does Consumer Protection investigate advertising practice?
With a record number of people interested, the Self-Regulatory Advertising Board (ÖRT) organized its first joint workshop with experts from the Ministry of Justice (IM) regarding the activities of the...
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The new Hungaricum tenders are coming
This year, the Ministry of Agriculture is announcing a HUF 445 million Hungary tender, the aim of which is to strengthen the national identity, Zsolt V. Németh, Prime Minister’s Commissioner...
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NAK and MAGOSZ initiated the announcement of the permanent water shortage period
Based on the extremely poor weather of the past period and the feedback from farmers, the National Chamber of Agriculture and the Association of Hungarian Farmers’ Associations and Farmers’ Cooperatives...
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OTP Mobil: We know that changing passwords is critical, but we still don’t do it
According to a recent survey, although three quarters of the population believe that passwords used on online platforms should be changed at certain intervals, one third of them do not....
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HUN-REN ATK researchers have discovered a new mechanism of resistance to plant virus infections
A new mechanism of plant resistance to viral infections was discovered by the researchers of the Plant Protection Institute of the HUN-REN Agricultural Research Center (HUN-REN ATK NÖVI) as part...
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István Jakab: Hungary has the right to protect the health of the Hungarian people
Hungary has the right to protect the health of the Hungarian people – stressed István Jakab, the president of the Association of Hungarian Farmers’ Associations and Farmers’ Cooperatives (Magosz) on...
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The ice damage mitigation system started its seventh protection season
On April 15, the National Chamber of Agriculture (NAK) put into operation the National Ice Damage Mitigation System (JÉGER), which thus began its seventh protection season. The system that sends...
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Spain’s Grupo Alimentario IAN buys local olives producer Interoliva
Spanish canned vegetables and ready meals maker Grupo Alimentario IAN has bought local prepared olives processor Interoliva. The sum of the deal was not disclosed. CEO, Alejandro Martínez, said the transaction would...
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Tesco rolls out AI refrigeration tech to cut energy costs by 10%
Tesco has implemented artificial intelligence (AI) technology to slash its energy costs by 10% and save over 385 tonnes of CO2e across its refrigerated distribution network. The pilot programme saw...
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The inspectors destroyed hundreds of propagating materials for fruit planting in the Ónod market
The inspection of the sale of spring grape and fruit propagating materials continued. At the beginning of April, experts from the National Food Chain Safety Office (Nébih), county government offices,...
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Kaufland to open its marketplace in Poland and Austria
Kaufland, one of the larger ecommerce platforms in Germany, is expanding to Poland and Austria this coming late summer. Schwarz Gruppe, the owner of Kaufland and supermarket chain Lidl, has...
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K&H is supporting young agricultural professionals again this year
The scholarship competition for sustainable agriculture, which is being announced by K&H for the 10th time, supports students in agricultural education, the company announced to MTI on Monday. The announcement...
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Nébih: hundreds of propagating materials for fruit planting were destroyed by the inspectors at the Ónod market
The spring inspection of the sale of grape and fruit propagating materials continued, during the action held at the Ónod National Animal and Exhibition Fair, the inspectors had to destroy...
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KSH: industrial production increased by 1.8 percent in February, the largest increase in the production of food, beverages and tobacco products
In February 2024, the volume of industrial production exceeded the previous year by 1.8 percent. Adjusted for the working day effect, production rose by 1.4 percent, the Central Statistics Office...
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NGM: the government will restart it in 2024 and further increase the rate of economic growth in 2025
After the successful suppression of inflation, the government will restart it this year and increase the rate of economic growth next year, and when the war is over, Hungary will...
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The GVH would introduce a labeling system showing environmental impact on foodstuffs
It would make it easier for consumers to make a conscious decision if food products were given a labeling system showing environmental impact, said the GVH’s chief economist in a...
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The price of bread is constantly rising
Minister of Agriculture István Nagy announced that the price of bread starts at 875 forints, but the price of the grain in it is only 53 forints. Despite the fact...
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The price of poultry and pork is rising sharply
According to the latest report of the AKI (Institute of Agricultural Economics), the Hungarian poultry sector has significantly increased its exports to the EU, despite the fact that it is...
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Good news for companies: tax administration burdens are simplified
At the EU level, Hungary has made exemplary changes in the field of reducing tax administration in recent years, and the government continued this with the Event-based Data Service Platform...
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Péter Szijjártó: Next year, Hungary will once again be at the top of the EU economic growth rankings
Following the investment records, Hungary is confidently returning to the path of economic growth this year, and next year it will once again be at the top of the European...
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Low environmental impact technologies are indispensable for wine production
The Ministry of Agriculture is committed to ensuring that grape growing in Hungary has as little environmental impact as possible and that wines are produced as energy-efficiently as possible –...
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K&H: wallets don’t move
After the growth typical of previous years, there is a stagnation in the income of young people, according to the K&H youth index. In the first quarter of this year,...
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Family companies expect a significant increase in wage costs
Energy or raw material prices are no longer the main difficulty for domestic family companies. In addition to income expectations that are still moderately increasing for the time being, high...
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