Market News
We are further deepening our agricultural relations with Azerbaijan
He also discussed educational, scientific and animal husbandry issues with Minister of Agriculture István Nagy and Majnun Mammadov, Minister of Agriculture of Azerbaijan. During the meeting, the minister drew attention...
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The barley is already in the granaries
This year, due to the dry and warm weather, the harvest of fall-sown field crops started about two weeks earlier than usual, and it continues continuously even in the heat:...
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A maze of several hectares was built on the border of Kiszombor
In a four-and-a-half-hectare cornfield, they created an almost five-kilometer labyrinth on the border of Kiszombor in the Csongrád-Csanád counties. Erzsébet Endrész, president of the organizer Kiss Mária Hortensia Honismereti Kör,...
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Agroinform.hu: this year’s fruit harvest promises a good brandy season
This year’s fruit harvest promises a good pálinka season, the professionals expect a more favorable year than the previous one, after last year’s decline, this year’s volume is expected to...
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Rewe opens Europe’s largest autonomous supermarket
Rewe has opened Europe’s largest autonomous supermarket in Hamburg. Its surface area of 1,200 sqm is enough to regain the record from rival Netto. Four check-out systems The German supermarket chain...
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Agrometeorology: There is a drought in an increasingly large area
Especially in the central areas of Hungary, the drought is intensifying, the summer plants urgently need rain – HungaroMet Zrt. wrote in its agrometeorological analysis on Thursday. They wrote: there...
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The Body Shop: Beauty industry tycoon closes in on deal
Entrepreneur Mike Jatania, who made his fortune building cosmetics brands, is gearing up to buy The Body Shop out of administration. The tycoon is thought to be part of a...
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Minister of Agriculture: sustainable agriculture and forestry play a prominent role in the fight against climate change
Sustainable agriculture and forestry play an outstanding role in the fight against climate change, in maintaining biological diversity and in protecting nature, and through this in preserving the values of...
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Coffee prices to continue rising, warns Lavazza
Italian coffee company Lavazza has warned that coffee prices will keep rising until the middle of next year as the industry continues to face “very challenging headwinds”. Vice chairman Guiseppe...
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EY: CEOs around the world are optimistic – growth can start
Compared to last year, managers are more optimistic about growth prospects, according to EY’s latest international survey of 1,200 CEOs and 300 institutional investors in 21 countries, including France, Germany,...
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The mandatory redemption system imposes an unreasonable burden on brandy distilleries
Less frost damage than last year had a positive effect on the development of the domestic fruit harvest, which overall predicts a better year than 2023 on the brandy market...
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K&H: Hungarian tourists have started, the mobile solution is becoming more and more popular
A significant, double-digit increase can be seen in travel insurance this year, K&H announced. The financial institution signed 11 percent more contracts between January and mid-June than a year earlier....
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Serious decline in Hungarian green pea production
In recent years, Hungary was the third largest producer of green peas in the European Union, and also occupied a prominent place in the export market. This year, however, brought...
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Food prices in China have been falling for twelve months
In June, the annual inflation in China moderated to a greater extent than expected: according to the Wednesday report of the National Bureau of Statistics, consumer prices rose by 0.2...
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MTÜ: the number of Michelin Guide recommended hotels in Hungary has increased to twenty-five
Together with the four new ratings in June, twenty-five Hungarian accommodations have been included among the accommodations recommended by the world-famous Michelin Guide – the Hungarian Tourism Agency (MTÜ) announced...
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There is already lab meat that is just like the real thing
South Korean researchers have developed a pioneering method for the production of artificial meat, which tastes close to meat of animal origin. According to a CNN report, the technology developed...
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AI could be the key to a summer break for sole proprietorships
Today, 620,000 registered sole proprietors in Hungary are wondering how they can relax for at least one, but rather two weeks during the summer. The solution is not impossible, but...
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Consumer opinions about the end of the mandatory promotion are mixed
On July 1, the government canceled the 13-month mandatory promotions in stores, but the Price Monitor is still available on the website of the Economic Competition Authority. In the mfor.hu...
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The competition office particularly monitors the activities of airlines
A Gazdasági Versenyhivatalhoz (GVH) számos panasz érkezik a légitársaságok tájékoztatásaival, illetve egyéb gyakorlataival kapcsolatban, ezért megkülönböztetetten figyeli a légitársaságok tevékenységét, és hatáskörei keretében támogatja a fogyasztóvédelmi eljárásokat – tudatta a...
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A new building ensuring long-term gene preservation was handed over in Tápiószele
Maintaining the diversity of genetic resources, especially with regard to crops for agricultural and food purposes, is an important issue of food security and national strategy.In the new building of...
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Walmart Canada to debut sensory-friendly store hours
Walmart Canada is launching a new initiative to make its stores more inclusive to all shoppers. The retailer is adding sensory-friendly hours at stores across Canada with the aim to make shopping...
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Nestlé invests in speciality protein-foods factory in Germany
The site in Rosbach vor der Höhe houses Nestlé’s Vitaflo business. Nestlé is expanding a plant in Germany dedicated to the manufacture of products for congenital metabolic disorders. The world’s...
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Hungary is a net exporter of both frozen and fresh cherries
According to KSH data, Hungary’s cherry crop ranged between 60.5 and 83.5 thousand tons between 2018 and 2022. According to KSH data, the cherry crop in 2023 decreased by 18...
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Denmark Will Be First To Impose CO2 Tax On Farms, Government Says
Denmark, a major pork and dairy exporter, will introduce a tax on livestock carbon dioxide emissions from 2030, making it the first country to do so and hoping to inspire...
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Domestic berry fruit cultivation could be saved
Even though there is a demand for berries from consumers and the processing industry, domestic cultivation has been pushed into the background in recent decades. Partly due to climate change...
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Growing retail, falling SMEs: what can companies do?
A KSH adatai szerint az év első öt hónapjában javult a fogyasztás. Bár még mindig nem éri el a 2021-es év átlagát, májusban már 3,6 százalékkal nőtt a kiskereskedelmi forgalom[1]...
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What comes after the mandatory promotions?
As of July 1, 2024, a significant change has taken place in the Hungarian retail sector: the mandatory in-store promotions, introduced just over a year ago on June 1, 2023,...
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KSH: in June, consumer prices increased by 3.7 percent on average compared to the same month of the previous year
In June 2024, consumer prices were on average 3.7 percent higher than a year earlier. Compared to May, prices did not change on average, food prices fell by 0.3 percent,...
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MBH Bank analysis: Inflation moderated in June
According to MBH Bank’s latest analysis, the annual rate of inflation fell to 3.7% in June 2024, which is below the previously expected level of 4%. The level of consumer...
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Márton Nagy: the decrease in inflation in June exceeded all expectations
The targeted measures of the government broke down and suppressed inflation. And measures such as the online price monitoring system generate lively retail competition and support inflation to remain at...
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