Market News
János Áder: 80 percent of the effects of climate change will be felt through water
Excess water must be kept and must not be drained out of the country – said János Áder, former president of the republic and president of the Kék Bolygó Climate...
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Kroger invests in cross-channel customer experiences
The grocer is planning on piloting drive-thru pickup lanes and tools to help associates more efficiently prepare items for pickup. Kroger sees digital sales as an important growth accelerator for the...
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More than 40 percent fewer tractors were purchased in 2023
Individual farms and cooperative enterprises bought HUF 288.4 billion worth of new agricultural machines and tools in 2023, which was 25 percent less than the turnover of a year earlier....
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The confectionery industry is facing a serious crisis
The cocoa crisis is causing serious problems in the confectionery industry, the effects of which can already be felt in Hungary. The decrease in consumption is at a level not...
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KPMG info: the European Council would ease the criteria for the Sustainability Screening of Companies
After several months of procrastination and negotiations behind closed doors, on March 15, 2024, the European Council adopted the Corporate Sustainability Due Diligence Directive, which has been circulating in the...
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Sustainable cocoa alternative named innovation of the year at ISM
ISM, the confectionery industry’s No.1 international event, took place on 28-31 January 2024. Held in Cologne, ISM has once again proved to be the pinnacle of the global confectionery and...
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MNB: Hungary’s competitiveness in the EU ranking has deteriorated
Hungary’s competitiveness fell two places in 2023 compared to the previous year, and slipped back to 19th place out of the 27 EU countries, according to the central bank’s 2023...
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(HU) Az egészségünkön spórolunk a legtöbbször
Sorry, this entry is only available in HU....
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More and cheaper pork in the world market
According to a USDA analysis published in January, US pork production in the 1st quarter of 2024 could increase by 1.4% compared to January-March 2023. This article is available for reading...
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A strange thing is happening in the clothing market
According to Vatera’s latest statistics, the demand for second-hand clothing and footwear products is increasing in Hungary, especially among sportswear, luxury brands and products tailored for plus-size women. Analyzing the...
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Mandatory campaigns are not only in Hungary
Serbia continues the fight against inflation and continues to expand the categories of products to be sold at a lower price, similar to Hungary. The mandatory promotions contributed significantly to...
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Thousands of Hungarian companies and workers affected by the cybersecurity directive
Thousands of Hungarian firms will be affected by the revised EU cybersecurity directive (NIS2), which came into force this year, EY warns. This article is available for reading in Trade...
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Too Good To Go tests AI inventory management
Too Good To Go is the latest to use artificial intelligence to help fight food waste. The “Platform” app helps food retailers manage the excess stock, which is typically a...
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AM: We see Transylvanian farmers as partners
We are living through challenging times, but the good news is that we are not alone, we can count on each other. And this cooperation is reflected in the fact that...
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Scientists prove drinking good wine ‘makes you happier’
Drinking high quality wine really does make you feel happier, a scientific study found following an event in Pisa, Italy. The National Research Council of Italy study reported in the...
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MBH Bank: Almost half of the agricultural enterprises rely on EU grant funds
Hungarian agriculture and the food industry are characterized by an optimistic mood with the launch of the European Union’s Rural Development Program, according to MBH Bank’s public opinion survey examining...
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Sephora to exit Korea this spring
The beauty retailer will wind down its online, mobile app and store operations in the country beginning May 6. Sephora is exiting Korea, according to the retailer’s website for the...
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In the future, HungaroMet Zrt will also provide information on the duration of leaf moisture
In order to support plant protection works, in the future, HungaroMet Zrt. will publish information on leaf moisture content on its website. On the Agrometeorology page of the www.met.hu website,...
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Meat association: the majority of meat processors expect turnover to exceed last year
Before this year’s Easter season, there was no significant increase in the price of raw materials, so meat processors expect at least a turnover similar to last year, most of...
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Let’s choose domestic Easter ham!
Domestic meat industry enterprises are preparing for the Easter season with high-quality products again this year. Customers can choose from a wide range of products, so everyone can find the...
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MRSZ Media cake: high inflation took away the growth of the Hungarian advertising market
The figures of the Hungarian Advertising Association (MRSZ) assessing the spending of the media and communication market in 2023 have been published, which shows that although nominally there was double-digit...
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Márton Nagy: the performance of the food industry “will be fine”
We must return to the previous path of convergence and restore financial stability and the balance of the budget, said Minister of National Economy Márton Nagy on Wednesday in Budapest,...
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2023: a year of negative records in company trends
2023 brought a rise in company closures and liquidations both globally and in Hungary. According to international experts, high interest rates and post-Covid state aid cuts have led to the...
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Asahi acquires Winconsin-based Octopi brewery
Asahi Europe & International (AEI), the international business unit of Asahi Group Holdings, has acquired the beverage production and co-packaging facility of Octopi Brewing in Waunakee, Wisconsin. The acquisition will...
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The fee subsidy application related to agricultural insurance has been published
Within the framework of the Common Agrarian Policy Strategy Plan until 2027, the second call for tenders for rural development was published, which includes the conditions for premium subsidies available...
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The University of Gödöllő is developing precision slurry application technology together with Agrogép from Nyíregyháza
The Hungarian University of Agriculture and Life Sciences (MATE) in Gödöllő and AJG Agrogép Jármű- és Gépgyártó Kft. in Nyíregyháza are developing precision liquid fertilizer application technology based on artificial...
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Aldi aims to extend its international lead over Lidl
Aldi strives to curb Lidl’s international expansion plans. In Lidl’s most important international markets in the US and in the UK Aldi has launched massive investment programmes to expand footprint...
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Arla Foods invests in UK mozzarella production
The dairy cooperative claimed the move is its “largest ever investment into the UK”. Arla Foods is set to invest €210m ($227.6m) in mozzarella cheese production at one of its...
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MTT: a priority task is to preserve the productivity of domestic soils
On Wednesday, the Hungarian Soil Association (MTT) is holding an awareness-raising campaign day at around half a hundred points in the country – Agroinform.hu wants to draw the public’s attention...
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Europe non-alcoholic market could grow to €15.4bn
The Europe non-alcoholic wine and beer market size reached €8.6bn in 2023 as consumers continued to buy into the category. According to research by The International Market Analysis Research and...
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