Market News
Inflation in Germany accelerated slightly in July
In July, inflation in Germany accelerated slightly based on the final data published by the German Federal Statistical Office, Destatis, on Friday. In July, consumer prices in Germany rose by...
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Ukrainian honey may once again enter the EU with customs duties
The amount of honey imported from Ukraine exceeded the EU quota of more than 44,000 tons stipulated in the autonomous trade liberalization measures, so the European Commission has two weeks...
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The cooperation of winemakers is key in the future
The Somló wine region is an important symbol of Hungarian history and culture, which has preserved its values despite the difficulties of the last century. And today we can once...
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Desiccation of sunflowers can also be done from an airplane or a helicopter
Taking into account the indications of the professional and producer chambers, Nébih issued an emergency license for three diquat-based plant protection agents in order to ensure safe harvesting with as...
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Food Giant Mars Exploring Acquisition Of Kellanova, Sources Say
Packaged food giant Mars, whose candy brands include M&M’s and Snickers, is exploring a potential acquisition of Kellanova, maker of snacks such as Cheez-It and Pringles, according to people familiar...
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Mercadona Earmarks €150m For Next Round Of Price Reduction
Spanish retailer Mercadona plans to invest €150 million in lowering the prices of a range of products to help consumers save on their grocery baskets. The latest initiative will see...
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Agrometeorology: the drought is not easing
For weeks, the drought has been intensifying in most of Hungary, corn and sunflower stocks are in forced ripening in more and more places and have begun to dry out,...
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The GVH cracked down on illegal e-cigarettes
The Economic Competition Office (GVH) imposed a HUF 189 million fine on the Slovak company Airbox, as it created a false impression among consumers that it legally distributes electronic cigarettes...
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KSH: in July, consumer prices increased by 4.1 percent on average compared to the same month of the previous year
In July 2024, consumer prices were on average 4.1 percent higher than a year earlier, the Central Statistics Office (KSH) reported on Thursday. Compared to June, prices rose by an...
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NGM: in accordance with market expectations, inflation remains at a low level
Based on the latest data from the Central Statistical Office, the rate of inflation reached 4.1 percent on an annual basis in July 2024, which is favorable in line with...
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Will the price increase continue?
According to the latest data, Hungarian customers still could not escape the drastic price increase of certain foodstuffs. In the past month, the prices of flour, UHT milk, and granulated...
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Minister of Agriculture: Hungarians’ bread will be guaranteed in 2024
Bread always and everywhere carries the message of safety, future and survival. However, for us Hungarians, it is a self-evident metaphor of life. Hungarians’ bread is guaranteed this year as...
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Gergely Fábián: peace is needed to restore the performance of industry
According to the State Secretary responsible for industrial policy and technology of the Ministry of Economy, peace is needed to restore the performance of industry, the ministry told MTI on...
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Thirteen out of twenty-four bakeries were found by NAV to have made a serious mistake in issuing receipts
Twenty-four bakeries were checked on the basis of traffic data from online cash registers, and inspectors from the Fejér county of the National Tax and Customs Administration (NAV) found a...
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PET bottles and aluminum cans at the Sziget Festival: challenges and solutions
The redemption system for PET bottles and aluminum cans, which came into effect on July 1, also affects the Sziget Festival, but visitors cannot get the deposit back due to...
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FANTA® and WARNER BROS joined forces. PICTURES
Since August, nearly 50 percent of OMV Hungária’s filling stations have already been powered by solar panels. As a result of the investment, the wells will produce energy corresponding to...
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Installed solar panels at OMV’s 100 domestic charging stations
Since August, nearly 50 percent of OMV Hungária’s filling stations have already been powered by solar panels. As a result of the investment, the wells will produce energy corresponding to...
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Morrisons raises store freezer temperatures to limit carbon emissions
Morrisons has launched a new trial to increase the temperature of some supermarket freezers by 3°C in a bid to cut carbon emissions. The move, which will not impact food...
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Louis Vuitton opens first chocolate store in China
Louis Vuitton has brought its chocolate shop to the city, the third-ever location in the world, after Paris and Singapore. It is, of course, the first Chinese location of the...
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The turnaround in retail trade is yet to come – sector outlook
The retail sales data were worse than expected in June. At the same time, on the basis of the latest data on wage growth in June, which exceeded expectations (14.8%...
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The Hungarian economy faces challenges: slow consumption growth and question marks
The growth of the Hungarian economy has faced many challenges in recent months, especially in terms of retail sales. Despite the fact that real earnings are constantly increasing, consumption is...
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Based on Visa data, it becomes clear how the French economy will be stimulated by increased consumption during the 2024 Olympic Games in Paris
Visa, the official payment technology partner of the Olympic and Paralympic Games, has released new data on the first consumption results of the opening weekend of the Olympic Games. Based...
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GKI: Digital competences in Hungary
In today’s information society, digital competences are valued on the labor market, and work productivity largely depends on whether employees are comfortable using new technologies. In the vast majority of...
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Hungarian winemakers are worried
The extreme heat wave of 2023 posed serious challenges to Hungarian winemakers, which meant that in certain areas of the country, the harvest had to start already at the beginning...
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Sufficient autumn rye seed is available to farmers
According to the data of the Inter-Trade Association and Product Council of the Seed Association, the amount of autumn rye seed before the sowing season is adequate. With the cooperation...
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Calls for tenders supporting the development of irrigation for producers can be commented on
The social negotiation of new calls for tenders aimed at supporting investments in irrigation development and water use efficiency improvement within agricultural farms has begun, and anyone can express their...
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In the summer heat, increased control of live animal transport is essential
In connection with the summer seasonal inspections, the county and district specialists carry out retrospective, i.e. looking back, inspections in the case of ruminant and pig shipments sent on a...
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Hungarian raspberry production decreased, imports increased
In recent years, raspberry production in Hungary has shown a significant decline, while raspberry imports show changing trends. Due to climate change and economic factors, it is increasingly difficult for...
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The result of the 2024 tender supporting non-governmental organizations in the agricultural sector
In the past period, there has been a significant increase in the number of publications and events that promote agriculture, as well as the number of building relationships that ensure...
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L’Oréal To Acquire 10% Stake In Swiss Skin Care Company Galderma
French cosmetics company L’Oréal is to acquire a 10% stake in Swiss skin care firm Galderma from a group of major shareholders, the two companies have said. The Swiss firm,...
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