Market News
FAO Food Price Index continued declining in June
The benchmark index of international food commodity prices declined again in June, led by price decreases for all major cereals and most types of vegetable oils, the Food and Agriculture...
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Consumers cut back on sugar for their long-term health, study shows
In a global survey, Kerry found people are looking for other sweeteners to preserve their long-term health, and increasingly want natural solutions. Kerry found in its latest consumer research that...
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KSH: in June, prices increased by 20.1 percent compared to the same month of the previous year
In June, consumer prices were on average 20.1 percent higher than a year earlier. In the past year, household energy and food prices have risen the most, the Central Statistics...
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Minister of Economic Development: we are on the right track in the fight against inflation
Thanks to the government’s targeted measures, the trend-like and ever-increasing decrease in sanctioned inflation continued: according to the latest data from the KSH, in June 2023 – by another 1.4...
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EY: The majority of large companies do not yet see what the introduction of the global minimum tax entails
The vast majority of large multinational companies will be affected by the global minimum tax, yet only a fraction of them are aware of what it will actually entail if...
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Instead of the expected growth, retail sales in the euro area stagnated again
In a monthly comparison, instead of the expected growth, the retail turnover in the euro area stagnated, and in an annual comparison, it decreased in May. The statistical office of...
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The value of the Hungarian coffee market increased by twenty percent in 2022, but the volume decreased
Due to the significant increase in the price of raw materials, the value of the Hungarian retail coffee market increased by 20 percent to HUF 82.8 billion last year, but...
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From the summer round table discussion of the Association of Hungarian Confectionery Manufacturers
When biting into the funnel during ice cream, hardly anyone thinks of a sacrifice, even though the name of the wafer comes from the Latin hostia, and the product itself...
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ÖMKi: Our food safety also depends on the new GMO regulation
The European Union will discuss gene technology rules in the near future, the draft of which was presented by the European Commission on July 5, 2023. Professional organizations view the...
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The NAK asks drivers to pay more attention during the harvest
Harvesting works are taking place all over the country, which is why there are more agricultural machines and tractors in traffic. The National Chamber of Agrarian Economy asks those driving...
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Lidl to recruit 1,500 workers for warehouse positions in the United Kingdom
As part of its store expansion across the country, Lidl plans to recruit over 1,500 distribution centre workers in the United Kingdom. Lidl GB currently operates over 960 stores in...
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The winery that follows the green path is on the right path
Why is wine the most emotional product in the world? What sustainability aspirations should a winery have today? What is the responsibility of the gastro-faces of the area who run...
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Hungarian wine and winemakers are celebrated in Eger
Hungarian winemakers are full of innovations, while respecting their traditions and lovingly guarding their professional secrets, Minister of Agriculture István Nagy declared at the Egri Wine Festival on Thursday. The...
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István Nagy: the government’s focus is on preserving the rural way of life
István Nagy emphasized in his speech at the producers’ and artisans’ fair held on Búza tér: it is possible to build on traditional ways of life. Today, the market is...
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Burnout among managers is spreading like an epidemic: generation Z managers are most threatened by chronic fatigue and loss of motivation
Thanks to the accelerated, digitized everyday life and the uncertainty arising from global events, the physical and mental symptoms of burnout appear more and more often in the workplace. About...
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Hungarian wine and winemakers are celebrated in Eger
Hungarian winemakers are full of innovations, while respecting their traditions and lovingly guarding their professional secrets, Minister of Agriculture István Nagy declared at the Egri Wine Festival on Thursday. The...
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Information about the Agro-ecological Program
In the 2023 subsidy year, the biggest innovation in the system of direct subsidies was the Agro-ecology Program (AÖP) with a budget of 202 million euros, for which farmers submitted...
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Starbucks to open sustainability lab
Starbucks is significantly increasing its commitment to sustainability – in partnership with Arizona State University. The coffee giant plans to develop a new sustainability learning and innovation lab at Hacienda...
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Metro AG Rebrands Human Resources Department As ‘People & Culture’
Metro AG has announced a ‘transformation’ of its human resources department, which will change its ‘focus, self-image and corporate culture’. The wholesale giant said finding and retaining skilled workers and...
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Harvesting is going on, the quantity and the yield are falling short of expectations
Harvesting is already underway on 1.8 million hectares; this year’s harvest promises to be better than last year’s extremely tragic year, but it falls short of expectations in terms of quantity...
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Future? Present!
Péter Szabó, managing director of Microsoft for 7 years now – who used to work in the FMCG sector for 17 years – gave a presentation at this year’s the...
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Making profits instead of paying high energy bills?
Achieving zero carbon emissions doesn’t have to mean choosing between profit and the planet. The energy consumption, carbon footprint and costs of food and drink manufacturers can be reduced. A...
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Low consumption holds back the economy, not only in retail
According to analysts, restrained consumption is holding back the economy. The May retail sales data was a negative surprise, and the annual decline was not unexpected. Experts agree that only...
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KSH: The turnover of retail stores decreased by 12.3 percent in May
In May, the volume of retail trade – with a significant base effect – decreased by 12.7 percent in raw data, and by 12.3 percent when adjusted for calendar effects,...
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A large shortage of honey is expected in stores
Gyula Somogyi, the president of the Nagykanizsa and Környéke Bee Association, told InfoRádio that beekeepers have less and less money, so they will not be able to use the newly...
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In Romania, the growth of retail sales slowed to 3.3 percent in the first five months
In Romania, according to raw data, retail sales increased by 3.3 percent in the first five months compared to the same period last year, the national statistics institute (INS) announced...
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In-store cash withdrawals have started
On July 1st, the possibility to withdraw cash in conjunction with the purchase opened, which allows customers to withdraw cash up to two times a month, for a total amount...
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K&H: another boom in cashless payments
Payments with smart devices are still on the rise. In the first five months of the year, more than 18 million transactions took place, 75 percent more than a year...
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Is environmentally conscious shopping really eco-friendly?
In our new 500-respondent consumer survey, we were trying to learn about the latest consumer opinion and habits related to environmental consciousness and sustainability. This article is available for reading...
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The weather is favorable for harvesting corn, but sunflowers and corn need more rainfall
The current dry weather is ideal for harvesting corn, but sunflowers and corn would benefit from additional rainfall, the National Meteorological Service wrote in its agrometeorological analysis on Thursday. The...
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