Market News
The tax authority has started the control of transfer price data services
The professional and accurate preparation of transfer pricing documentation as well as the tax authority’s inspections have been a challenge for taxpayers until now, but from this year, the relevant...
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This is the easiest way to help the needy at Christmas
From Friday to Sunday, the biggest food collection campaign of the year will take place organized by the Magyar Élélmiszerbank Egyesület. A total of 6,500 volunteers will collect the donations...
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Az ALDI a britek kedvenc üzletlánca
A YouGov legújabb adatai szerint az ALDI a brit vásárlók kedvenc üzletlánca. A felmérés szerint a német diszkont, mely egyben Nagy-Britannia negyedik legnagyobb szupermarketlánca, kedveltség tekintetében megelőzte a Big4 élelmiszer-kereskedőket,...
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Security has never been more important to MSPs
The recent ransomware attack on Royal Mail, which temporarily halted international exports, is just the latest example of the chaos that can happen to a major business when it falls...
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The export of chicken meat increased, that of turkey fell
According to the AKI slaughter statistics, 500,000 tons (live weight) of poultry were slaughtered in Hungary in the first nine months of 2023, 7 percent more than in the same...
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The green building materials market before it explodes
Today, a construction industry investment in Hungary is only as sustainable as the customer needs it – it was revealed from Wavin’s focus group research. According to Wavin’s Construction Trend...
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Companies should make rapid detection and development of response time a cybersecurity priority
After two years in which malicious activities related to IT security were common – although the damages caused remained in a balanced range – in 2023, due to the dynamic...
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Hungary is building GMO-free agriculture
Hungary is building GMO-free agriculture and insists that unknown technology does not endanger Hungarian society without trial, said the Minister of Agriculture at the hearing before the Sustainable Development Committee...
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The autumn harvesting work is completed
The autumn harvest work has been completed in our country. The difficult grain market situation caused by Ukraine’s grain exports to Europe left its mark on the harvest, so the Hungarian...
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Lidl GB To Introduce Body Cameras For All Store Staff Members
Lidl GB is introducing body-worn cameras for all store staff members across the UK, as part of its efforts to ensure the safety and security of both customers and colleagues....
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PepsiCo to expand Saudi Arabia snacks facility
The move is part of PepsiCo’s Saudi Arabia Vision 2030 plan to “boost sustainable food production in the Kingdom”. The US snacks and beverage giant is to spend SR200m ($53.3m)...
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The export of live pigs decreased by 9.5 percent
According to KSH data, Hungary’s live pig exports decreased by 9.5 percent (19.9 thousand tons) in January-August 2023 compared to the January-August 2022 quantity. The import of live pigs increased...
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E-retailers can expect more impatient customers during the holiday season
During the upcoming Black Friday and Christmas period, proper service to online customers is in the primary interest of retailers. Not at a good enough price, with good quality, but...
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The average net monthly salary in 2022 remained below HUF 300,000
According to NAV data, in 2022 the average monthly salary (income from employment) was HUF 418,000 gross, which meant HUF 285,000 net per month (including benefits). This is lower compared...
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The domestic turkey sector is looking for a new state of balance
The Hungarian Turkey Association is preparing for the Christmas period and is confident that the safety and quality of Hungarian origin will continue to be of value to consumers. The...
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KSH: The production of food, beverages and tobacco products was 9.7 percent lower than a year earlier
In September 2023, the volume of industrial production was 7.3 percent lower than a year earlier, the Central Statistical Office (KSH) announced on Monday based on its second estimate. Adjusted...
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WLP is building an environmentally conscious and smart hall in Vecsés for one of the world’s largest suppliers of car parts
In 2023, WLP (Weerts Logistics Park) and RaktárAD, known for establishing the most modern warehouses across Europe and with a Belgian-Hungarian ownership background, launched their third investment in Hungary in...
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Even by drinking a glass of milk a day, we can do a lot for our health
Milk plays an important role in a balanced diet. Milk and milk products contain essential micronutrients that contribute to the healthy functioning of the human body – draw attention to the...
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DélKerTÉSZ significantly increased its turnover
Despite the increased costs, the DélKerTÉSZ in Szentes, consisting of five hundred growers, whose members mainly grow tomatoes and peppers, sold 56 thousand tons of vegetables by 13.3 thousand tons...
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60 percent of the corn was harvested in Zala county
More than 60 percent of the corn was harvested in the county of Zala, the average yield per hectare in the 15,500-hectare area was 8.9 tons, the county president of...
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This year’s Green Press Award was presented
This year, on November 9, the Green Press of the Year awards were presented for the 13th time overall. The prestigious professional recognition is awarded in four categories each year,...
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Highly pathogenic bird flu was identified in two more counties
This time, the laboratory of the National Food Chain Safety Office (Nébih) confirmed the presence of a highly pathogenic bird flu virus in the counties of Borsod-Abaúj-Zemplén and Bács-Kiskun. The competent...
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German consumers will cut back on Christmas presents this year
Germans plan to spend less on Christmas presents this year, according to a survey by Ernst & Young. Experts believe retailers can respond with discount promotions. Two thirds of respondents...
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NAK-FruitVeB: import pressure is increasing on the cabbage market
Due to the increasing import pressure, domestic kale producers are in a difficult situation, so market organization and greater cooperation are needed in the sector – states the National Chamber...
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A plant protection solution developed for organic farmers by Chili Produkt Kft.
Chili Produkt Kft. in Szeged has developed a plant protection solution against harmful insects developed with EU support for organic farmers – the company informed MTI. They emphasized that the...
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Extremes in the price of corn: uncertainty remains high
2023 will be a very memorable year for Hungarian farmers. In one year, the facts and hopes went through heaven and hell. The weather anomalies resulting from climate change and the...
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Unilever grants manufacturers access to its ‘warmer’ ice cream recipes
Unilever is granting ice cream manufacturers a free non-exclusive license for 12 of its reformulation patents in a bid to reduce carbon emissions. Access to these patents will help the...
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István Nagy: small producers will get new help
Small producers will receive new help and facilitations, taking advantage of EU opportunities, they will receive special support – said Minister of Agriculture István Nagy in a video published on...
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Baileys expands chocolate range with launch of new Nut Mix
Baileys has announced that it is expanding its chocolate ranges ahead of the Christmas season, with the launch of it’s new Chocolate Nut Mix. According to the leading Irish chocolatier,...
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Many foods are already cheaper than a year ago
According to the analysts of MBH Bank’s Agricultural and Food Business, there was a serious change in food prices in October 2023. “It seems that the quarterly price increase, which...
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