Market News
Retail turnover decreased by 8.3%
In June, according to raw data, the volume of retail trade decreased by 7.8%, close to expectations, and by 8.3% when adjusted for calendar effects, significantly easing compared to the...
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FAO Food Price Index rebounds in July
Global food commodity prices rose in July, influenced by the termination of the Black Sea Grain Initiative and new trade restrictions on rice, the Food and Agriculture Organization of the...
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K&H: “everyday” costs HUF 60,000 more per month
There is still hardly anyone who does not spend more on living than a year earlier, according to the second-quarter K&H secure future survey, which examined changes in the expenses...
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Fewer customers is an increasingly pressing problem for SMEs
The lack of demand is causing more and more difficulties, endangering the operation of a quarter of the companies, according to the results of the second quarter of the K&H...
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The GVH warns of fraudsters
Internet fraudsters are trying to mislead consumers with a mobile application that is deceptively similar to the online Price Monitor. The Economic Competition Office (GVH) hereby also draws attention to...
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The News of the Price Watcher reached many people – the site already had more than 910,000 visitors
In just one month, more than 6 million people were informed about the online Price Monitoring system operated by the Economic Competition Authority (GVH), revealed the Pulzus Kutató survey, commissioned...
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Change in the EKD system: even smaller investments can receive significant support
The non-refundable cash support provided by individual government decision (EKD) can also be requested for developments that are lower than before, already 3 million euros instead of 5. The amendment...
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Koltech Kft. built a new irrigation warehouse in Szeged
With an investment of more than HUF 261 million, Koltech Kft. has established one of the largest irrigation technology stores in the country, primarily serving horticultural needs, in Szeged-Szőre, managing...
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Poland estimates the costs of expanding Ukrainian grain transit at around one billion euros
Poland estimates the costs needed to expand Ukrainian grain transit at about 1 billion euros, confirmed Andrzej Sados, Poland’s permanent representative to the European Union, according to media reports on...
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KMVNF in Csíkszereda: They would bring together businesses from the Carpathian Basin
At the end of June, the National Forum of Hungarian Entrepreneur Associations of the Carpathian Basin (KMVNF) held its first outdoor meeting of the year in Csíkszereda. At the event,...
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Agrometeorology: both drought and saturated soil occur in Hungary at the beginning of August
While the western part of Transdanubia has received abundant precipitation in recent weeks, there is a drought in the central part of Hungary and the rain is needed, the National...
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National champions in the food industry
Hungary’s success comes from the operation of successful Hungarian enterprises and companies, therefore there will be national champions in the food industry who will also hold their own on the...
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FAO: global food prices rose in July
The world market price of food increased in July compared to June, according to data published on the website of the UN Food and Agriculture Organization (FAO) on Friday. The...
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Másfélfok: An increasingly large area of Hungary may be affected by drought
According to several climate simulations in Hungary, it is necessary to prepare for the increase of drought areas in the future, which can be avoided if we reduce the emission...
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After 30 years of operation, Dia To Exit Portugal
Spanish retailer Dia Group has announced it has reached agreement with Auchan Retail over the sale of its business in Portugal, for €155 million. In a statement, Dia said that...
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Top 10 most valuable beer brands in the world
New research has revealed which beer brand is the most valuable in the world this year, with the previous title-holder taking second place in 2023 to a new frontrunner. Brand...
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Consumers are “well informed” about insect-based foods, says European Commission
The European Commission (EC) has confirmed that consumers can easily access all the information they need on insect-based foods. The European Commissioner for Health and Food Safety, Stella Kyriakides, stated...
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EU compensation due to Ukrainian grain imports can be applied for in autumn
Taking targeted use into account, the Ministry of Agriculture will determine the conditions for using the symbolic amount of EUR 15.9 million in compensation awarded by Brussels to deal with...
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Product recall at dm
As a precaution, dm is recalling from its shelves on 04.06.2024. dmBio raspberry puffed rice disc with an expiration date. It cannot be ruled out that the packages with the...
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This summer’s harvest is coming to an end
This year’s summer harvest work is coming to an end. Compared to last year’s extremely droughty year, the harvest is more favorable and more than covers the domestic supply needs, but...
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The GVH has finalized its report on the accelerated sectoral examination of durable foods
After the public consultation, the Economic Competition Authority (GVH) published on its website the final report of the accelerated sectoral investigation conducted on the durable (canned and frozen) food market....
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E-commerce came to a standstill, it received a threat from an unexpected place
Domestic e-commerce stagnated in the first half of the year. In addition to the decreasing number of customers, the e-retailers were able to maintain last year’s level by forcedly increasing...
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Henkel celebrates 100 years of Adhesive Technologies
Exactly 100 years ago today, Henkel began selling its first adhesive solutions to neighboring companies. From the development of laundry detergent packaging adhesives for its own use to today’s advanced...
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In addition to supplying domestic consumers, fresh Hungarian tomatoes also reach foreign markets
From April until the onset of winter, fresh Hungarian tomatoes are waiting for customers, according to the joint market overview of the National Chamber of Agriculture and the Hungarian Fruit...
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In Canada, all cigarettes are labeled with a warning label
Every single cigarette sold in Canada will be labeled with a health warning message based on the first measure of the new regulations that will come into effect on Tuesday,...
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The Continental Tobacco Industry Group is starting the tobacco harvest season with favorable prospects
The Continental Tobacco Group is starting this year’s tobacco harvest season with favorable prospects and is expecting an above-average harvest, the company group told MTI on Thursday. According to the...
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Plant protection and plant nutrition are on the verge of radical change
In recent years, environmental awareness has become important in almost every aspect of our lives. An increasingly large part of the population tries to use the most sustainable solutions possible...
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Tesco offers all staff right to request flexible working
Tesco has become the first major UK supermarket to grant staff new flexible working rights almost a year ahead of an expected change in the law next year. The supermarket’s...
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Nestlé Doubles Down on Plant-Based Offerings
Nestlé, one of the world’s largest food maker, is maintaining its focus on plant-based products, even as the broader industry faces a slowdown. Mel Cash, Nestlé’s chief marketing and innovation...
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Economic Pressure Led to Fewer New Product Innovations In 2022, Says Circana
Brands launched 16.5% fewer new product innovations in 2022, due to growing economic pressures, a new report from Circana has found. The Race for Resilience: Innovation Pacesetters report for Europe,...
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