Market News
Richárd Szabados: The interest rate on investment loans of the Széchenyi Card program will drop to 3.5 percent
The government will reduce the interest rate on investment-type loans of the Széchenyi Card Program to 3.5 percent from November 1st, from the previous 5 percent, announced Richárd Szabados, the...
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Plant-based alternatives generate more sales in Germany than ever before
The market for plant-based meat and dairy substitutes in Germany set a new record in 2023. Sales rose to €2.2 billion, an 8% increase on the previous year, according to...
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Soil preparation has been completed on half of the autumn sowing areas
Based on the data of the operative reports for the subject date of October 8, the planned area of autumn-sown crops this year is 1.54 million hectares, 49.8 percent of...
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Onion skins instead of plastic?
Single-use plastics are a huge problem worldwide, so more and more people are looking for solutions to find sustainable alternatives to packaging. A Scottish startup, HUID (skin in Dutch), set...
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Alcampo Invests In Robotics And AI For Online Shopping
Spanish supermarket chain Alcampo has invested €19.4 million in a highly automated warehouse equipped with robots and AI to enhance its online shopping service. The company has unveiled its Customer...
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Competition concerns: UK watchdog launches investigation into Carlsberg-Britvic deal
The UK’s Competition and Markets Authority (CMA) has begun a formal investigation into Carlsberg’s US$4.28 billion deal with Britvic amid competition concerns. The watchdog has opened an “invitation to comment”...
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Animal welfare and sustainability – A vision for European livestock farmers until 2030
The “Voice of European Animal Husbandry” group of like-minded EU partners active in the livestock food chain presents the main elements of the European livestock breeders’ vision of the sector...
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In October, the economic index of the GKI decreased slightly further
According to a survey conducted by GKI Gazdaságkutató – with the support of the EU – in October, the overall expectations of the business sector did not change compared to...
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New HUF 5,000 limit for cash machines: inconvenience and charity opportunities
As of October 26, MOHU introduced a new rule for the use of cash machines: it set a HUF 5,000 limit per transaction, up to which the machine will issue...
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October tea prices: why did Hungarians’ favorite hot drink become so expensive?
Inflation and the rise in the price of raw materials had a significant impact on tea consumption habits, as the rising prices of food products affected not only tea, but...
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Domestic subscription e-commerce is exploding right now
This summer, 4 percent of domestic webshops offered some kind of product in subscription form, however, according to the data, this proportion is expected to increase to 23 percent within...
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Challenges and performance of the Hungarian meat industry in 2023
The year 2023 was full of significant challenges for the Hungarian food industry, but at the same time the industry also achieved growth, especially in export revenue. According to data...
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Dairy products becoming more expensive: why are your favorite everyday foods getting more and more expensive?
Dairy products are still among the more expensive foods, and prices have even risen in recent months. According to AKI’s latest report, in September 2024, the processing sales prices of...
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Amazon launches annual food subscription programme
Amazon is offering an annual food subscription programme for Prime members, as well as an expansion of its home delivery service for users who receive government assistance. The new annual...
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Gergely Suppan: it seems realistic to reach a minimum wage of 1,000 euros in the coming years
In the coming years, the minimum wage may reach HUF 400,000, and at the current euro exchange rate, it may even exceed EUR 1,000, so the minimum wage around that...
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Infection risk from fresh vegetables: the McDonald’s E. coli outbreak and the challenges of fast food
American fast food chains were forced to take a drastic step on Thursday: onions were temporarily removed from the menu at some McDonald’s restaurants after the fresh vegetable emerged as...
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Sándor Czomba: domestic employment remains high
Based on the latest data from the Central Statistical Office (KSH), the number of employed people reached around 4,699,000 in September 2024, the Ministry of Economic Affairs (NGM) pointed out...
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KSH: in September, the number of employed people was 4,699,000, the unemployment rate was 4.5 percent
In September 2024, the average number of employed persons aged 15-74 decreased by 32,000 compared to the same period of the previous year, to 4,699,000, the Central Statistical Office (KSH)...
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Vocational training in the paper industry was promoted by Vajda-Papír on the day of vocational training in Dunaújváros
Vocational training in the paper industry was promoted by Vajda-Papír Kft. on Vocational Training Day in Dunaújváros, a factory visit was organized for young people in the company’s factory in...
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You can apply for the European Waste Reduction Week until November 6
You can apply for promotions for the European Waste Reduction Week, which will be held between November 16 and 24, the main theme of which will be food waste, the...
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Domestic carbon emissions are lower than in Western Europe
The first results of the K&H CO2 calculator for agriculture – developed by K&H Group and the Institute of Agricultural Economics (AKI) – show that the carbon emissions of Hungarian...
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In 2023, the number of pesticide residue notifications decreased in the European Union
In 2023, the Member States recorded 8,700 notifications in the Alert and Cooperation Network (ACN). As in previous years, the number of notifications of the Rapid Alert System for Food...
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“Drink inflation” in Great Britain: they would tempt beer consumers with a lower alcohol content
In Great Britain, the radical reduction of the alcohol content of Grolsch beer is another step in the cost-cutting measures of beer producers. The brand with Dutch roots, owned by...
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India abolishes export tax on parboiled rice: a significant impact is expected on international markets
The Indian government recently announced that it will abolish the export tax on parboiled rice. The decision is justified by growing rice stocks and the expected record harvest after this...
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The call for tenders for the new agri-environmental management grant has been published
In 2025, a new five-year AKG subsidy program will be launched, for which farmers can submit their subsidy applications between November 25, 2024 and December 23, 2024. The program, launched...
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Sustainability challenges in the technology industry: towards longer-life devices and green software
The technology industry is increasingly facing sustainability challenges. The production of new devices involves a significant environmental burden, as around 80% of carbon dioxide emissions are generated during production. The...
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Ideation conference
This year’s Shop! Ideation Conference & Retail Challenge event is the biggest annual conference of POPAI Hungary’s parent organisation, which will be held in Kansas City, USA on 7-8 October...
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Standard and Poor’s: Hungary is still recommended for investment
In today’s rating, Standard and Poor’s confirmed that it continues to recommend Hungary for investment, so the reports of the three most important credit rating agencies all reflect a high...
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World market outlook: grain market forecast 2024 October
Based on the latest October forecast of the FAO (Food and Agriculture Organization), global grain production in 2024 rose to 2,853 million tons. The reason behind the increase is the...
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Keurig Dr Pepper to buy energy-drinks business Ghost
The 7Up maker will initially purchase a 60% shareholding in the brand for roughly $990m. US soft drinks major Keurig Dr Pepper has struck a deal to acquire the Ghost...
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