Market News
New digital market regulation reaches next phase
Date: 2023-09-27 13:46:42
The European Union has taken another big step towards implementing the Digital Markets Act (DMA), which entered into force last November. This article is available for reading in Trade magazin...
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Spirits Industry Association’s campaign reached nearly 1 million consumers this summer
Date: 2023-09-27 12:42:00
This summer the Hungarian Spirits Industry Association and Product Board was promoting the importance of conscious alcohol consumption through music and an educational online card game. “Pour responsibly! Fill up...
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Super-premium coffee variant in the Nespresso selection
Date: 2023-09-27 12:41:51
It took more than 20 years for Nestlé’ coffee experts to hybridise the finest Arabica varieties and create a new variant called N°20. N°20 espresso coffee has an exceptional taste...
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Investment promotion in Hungary is at its peak – the interest of foreign investors in the Hungarian economy is huge
Date: 2023-09-27 11:45:28
With rural developments, industrial properties and premium offices with a volume exceeding that of the capital, Hungary is at the forefront of exhibitors at one of the world’s most prestigious...
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Nébih: Hungarian households are wasting less and less food
Date: 2023-09-27 11:12:49
According to the fourth waste survey conducted by the National Food Chain Safety Office (Nébih), food waste in Hungarian households has decreased by 27 percent since 2016. The results of...
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Digitization on the agenda of the agriculture ministers of the Turkish states
Date: 2023-09-27 11:00:47
The most important goal of the Organization of Turkish States (TÁSZ) is the increase of agricultural productivity and the closest and most effective cooperation in the field of agriculture –...
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Hungarian pálinka has also been included in the list of protected geographical indications in both the EU and Japan
Date: 2023-09-27 10:45:28
In the framework of the economic partnership agreement between the European Union and Japan, another 42 EU and Japanese products have been added to the list of protected geographical indications...
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It is our shared responsibility to protect our land and water resources
Date: 2023-09-27 10:30:03
Sustainable management of land and water resources is essential for achieving global food security, Minister of Agriculture István Nagy declared at the meeting of the European Committee on Agriculture of...
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Advance payments of agricultural subsidies will start in mid-October
Date: 2023-09-27 10:00:31
Amidst the changes in the EU conditions for agricultural subsidies and the market difficulties, all financial assistance will increase in value, so after the conditions for advance payments have been...
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French prefer rosé to red wine
Date: 2023-09-27 09:52:15
Rosé wine has risen in popularity with the French as young people are beginning to move away from traditional red wines and towards a glass of chilled pink throughout the...
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Joint V4 action against Ukrainian grain imports
Date: 2023-09-27 09:30:04
Further joint steps against Ukrainian grain imports were agreed upon by the countries of the Visegrad Cooperation at the agriculture minister’s meeting in Znojmo, Czech Republic, where Hungary was represented...
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Switzerland’s Hero Group mulls future of domestic jam factory
Date: 2023-09-27 09:06:14
The company is consulting with employees at the factory in Lenzburg. Swiss food company Hero Group is weighing up the future of a jam production facility in its home market....
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Billa And OMV Launch New Format In Czechia
Date: 2023-09-27 09:02:40
Petrol station operator OMV and retailer Billa have launched a new food retail chain under the Viva Billa banner. The first Viva Billa store opened at the Strakonicka gas station...
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On the way to a sustainable food industry
Date: 2023-09-27 09:00:22
By 2030, global food waste per capita at the retail and consumer levels must be halved, as well as food loss along the production and supply chains, including post-harvest losses,...
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GKI Gazdaságkutató Zrt. 2023/3. forecast for 2023
Date: 2023-09-26 23:59:03
In the second quarter of this year, the Hungarian economy was already in recession for the fourth quarter, and this only happened in Estonia apart from Hungary in the EU....
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CÖF-CÖKA acts for the interests of food store employees
Date: 2023-09-26 11:55:10
The Civil Solidarity Forum – Civil Solidarity Public Foundation (CÖF-CÖKA) is expanding its civil-focused interest protection activities to the actors of the food retail and wholesale trade, announced László Csizmadia,...
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Allianz Global Wealth Report 2023: The fun is over
Date: 2023-09-26 11:38:31
Today, Allianz publishes its Global Wealth Report for the fourteenth time, which examines the wealth and debt situation of households in almost sixty countries around the world. 2022 was a...
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The world market price of wheat was pushed down by large stocks in Russia
Date: 2023-09-26 10:30:09
Between August 4 and September 8, the world market price of wheat was pushed down almost everywhere by the large stocks of wheat in Russia. In Germany, due to a worse-than-expected...
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The operation of a slaughterhouse in Csongrád-Csanád County was suspended
Date: 2023-09-26 10:03:53
The operation of a slaughterhouse in Csongrád-Csanád county has been suspended due to serious hygiene problems found during an on-site inspection, the National Food Chain Safety Office (Nébih) informed MTI...
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Reborn Hungarian agriculture
Date: 2023-09-26 10:00:51
Hungarian agriculture is in a moment of rebirth, the most important message of which is that in order to maintain competitiveness, all players in the sector must change, regardless of...
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France and Germany want to ban shrinkflation
Date: 2023-09-26 09:43:42
Both the French and German government want to ban shrinkflation. They call manufacturers reducing the content of products to camouflage price increases – at the very least – “misleading”. The...
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Aldi to boost expansion with £1.4bn investment as profits triple
Date: 2023-09-26 09:32:31
Aldi is set to invest £1.4bn over the next two years to fuel its expansion across the UK. It comes as the discounter reported its operating profit had skyrocketed 196% to £178.7m...
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We can expect a weaker than average plum crop this year
Date: 2023-09-26 09:30:32
According to KSH data, 34.9 thousand tons of plums were harvested from 7 thousand hectares in Hungary in 2022 (33.2 thousand tons were produced in 2021). According to experts, due to...
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Bacardi buys Ilegal to capture premium mezcal market
Date: 2023-09-26 09:28:09
The liquor giant’s acquisition of the beverage brand comes amid growing interest in premium agave-based spirits. Bacardi Limited announced it is now the sole owner of Ilegal Mezcal. Financial terms...
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The level of insurance of companies has decreased
Date: 2023-09-26 09:12:57
According to the latest series of insurance data published by the MNB, domestic insurance companies handled 186,800 corporate property insurance policies by the end of the first half of the...
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Conscious eating should start in childhood
Date: 2023-09-26 09:00:50
Strengthening short supply chains is also a priority in public catering, said Dr.Márton Nobilis, State Secretary of the Ministry of Agriculture responsible for food industry and trade policy, at the...
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Apple Vision Pro will appear not only in the living room, but also in industrial halls
Date: 2023-09-26 08:34:26
Apple Vision Pro was introduced almost four months ago, and so far there is no new news about the development beyond the parameters known at that time. There has already...
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The government is extending the mandatory promotion until the end of December
Date: 2023-09-25 16:47:51
The cabinet first postponed this deadline until June 30, then until September 30, and with its current decision until December 31. In addition, the price of the previously price-stopped product...
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The European Commission limits added microplastics
Date: 2023-09-25 12:31:57
On Monday, the European Commission adopted stricter measures aimed at limiting microplastics intentionally added to products as part of the European Union’s chemical regulation, the Brussels body announced. According to...
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Smart device payments are booming, with more than 5,500 transactions per hour
Date: 2023-09-25 11:32:51
Payments with smart devices continue to show very vigorous growth at K&H. In the first eight months of this year, the financial institution’s customers processed an average of more than...
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