Market News
Area-based additional support for young farmers in the new Common Agricultural Policy
The Ministry of Agriculture has issued information about the changes in area-based support for young farmers. In the new agricultural support system starting this year, area-based additional support for young...
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In Spain, food inflation accelerated in February
In Spain, the rise in consumer prices accelerated in February. The Spanish Statistics Office (INE) announced on Tuesday that instead of the 6.1 percent in the preliminary estimate, inflation rose...
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The agricultural logistics center in Jánoshalma was handed over
The agricultural logistics center opens up new opportunities and new paths not only for farmers, but also for the Hungarian food and processing industry – said the Minister of Agriculture...
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The decline in retail turnover moderated in the Czech Republic
In January, retail sales in the Czech Republic decreased by 7.7 percent, after 8.1 percent in December. The decline in the turnover of the Czech retail trade has thus been...
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The Croatian government presented its new package of measures to curb price increases
On Tuesday, the Croatian government presented its new package of measures aimed at curbing price increases, the total value of which is 1.7 billion euros (636.4 billion forints), and the...
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The spring seasonal food chain inspection has started
From March 14, the national spring seasonal food chain inspection was ordered by dr. Márton Nobilis, State Secretary responsible for food industry and trade policy at the Ministry of Agriculture....
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GLP has a real estate portfolio of almost 2.5 million square meters in Central Europe
GLP has doubled its portfolio in Central Europe in almost three years, so it has almost 2.5 million square meters of real estate in Poland, the Czech Republic, Slovakia and...
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Beyond the low point: domestic companies increase their headcount again in the second quarter
In the second quarter of 2023, 26 percent of domestic employers predict an increase in their current workforce, while 22 percent plan to reduce it. Headcount increases may take place...
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INPARK presents industrial properties at the real estate development exhibition in Cannes
INPARK will primarily present industrial properties at the Hungary-Budapest stand at MIPIM, one of the most important real estate development exhibitions in the world, which opens on Tuesday and will...
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The Continental Tobacco Group supports domestic tobacco cultivation by increasing the purchase price
The Continental Tobacco Industry Group is supporting domestic tobacco cultivation by increasing the basic tobacco purchase price, the company group told MTI on Tuesday. According to the announcement, DOFER Dohányfermentáló...
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The Continental Tobacco Industry Group is supporting the halting of the decline in domestic tobacco production by increasing the basic tobacco purchase price by 50%
DOFER Dohányfermentáló Zrt, a member of the Continental Tobacco Industry Group, implemented a 50 percent increase in the basic purchase price of tobacco to offset the increase in cost levels...
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Heineken Gets Final Nod On The Acquisition Of Distell
After having issued conditional approval, the South African Competition Tribunal has approved Heineken’s offer to acquire control of Distell Group Holdings Limited, paving the way for the creation of a...
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‘Withdrawal button in online stores undesirable’
Seventeen European trade organizations have recently published an open letter to the European Union to express their disapproval of a new withdrawal button. This button allows consumers to undo a...
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It is recommended for all producers to use agricultural insurance
Due to the more extreme weather affecting agriculture, it is worth taking out agricultural insurance to manage risks that complicate production, for which farmers can apply for support in the...
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SPAR, EUROSPAR To Invest €65m To Expand Network In Ireland
SPAR and EUROSPAR plan to add 60 new stores to their combined network in Ireland by 2025, taking the total number of stores across the country to 525. The project...
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Russian Foreign Affairs: The grain agreement was extended by 60 days
The grain agreement was extended by sixty days, Russian Deputy Foreign Minister Aleksandr Grusko told the TASZZSZ news agency on Tuesday. The agreement enabling the export of Ukrainian grain to...
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No major price reductions are expected in stores
In the catering industry, they have already fled bankruptcy before – Pénzcentrum learned from the Association of Hungarian Hotels and Restaurants. According to the Hungarian National Trade Association, the suppliers...
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Planned intralogistics processes as a long-term investment
While e-commerce volumes were growing steadily until two years ago, the pandemic shutdowns of 2020 and 2021 significantly accelerated the shift to online commerce and changed the world’s shopping habits....
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Unchecked, Ukrainian honey arrives at Hungarian extraction plants at dumping prices
The turnover of honey produced by domestic producers fell significantly last year, which not only puts beekeepers in a difficult situation, but also makes pollination in agriculture questionable in the...
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Consumer demand remained balanced, and Fitch upgraded its global economic growth forecast for this year
The international credit rating agency Fitch Ratings has upgraded its forecast for this year’s global economic growth, based on the positive impact of the lifting of Chinese coronavirus restrictions and...
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Sugar rose in price the most in Romania, by 63.56 percent
In Romania, after a two-month slowdown, the inflation rate rose slightly again in February, reaching 15.5 percent on an annual basis, the National Institute of Statistics (INS) announced on Monday....
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Barcelona to tax logistics companies
Barcelona’s City Council aims for 40 percent of online purchases to be delivered to pick-up points instead of at home in 2023. To achieve this, Barcelona introduced an annual tax...
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Waitrose, Morrisons and Co-op turn down lights to tackle energy costs
Waitrose, Morrisons and Co-op have been dimming lights across stores in a bid to cut rising energy costs. According to reporting by the Daily Mail, the UK’s supermarkets alone use...
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Nestlé Unveils Oat And Fava Bean Plant-Based Beverage
Nestlé has unveiled a new plant-based beverage developed from oats and fava beans, which the company says is a ‘first-to-market’ innovation. The Natural Bliss product is described as boasting a...
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Philippe Donnet, CEO of the international Generali Group, received a prestigious award in New York
The Foreign Policy Association presented Philippe Donnet, CEO of the international Generali Group, with the award for corporate social responsibility at the 2023 Financial Services Dinner event. The award was...
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The MNB would consider it important to supervise Revolut Bank as well
In order to protect domestic customers, the MNB urges Revolut Bank to carry out its activities as a domestic subsidiary bank, with headquarters in Hungary and sufficient capital, as an...
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GFM: the daily fee for tax-free domestic postings will increase by three times, and the daily fee for foreign postings will increase by almost two times
From the point of view of the national economy as a whole, the government attaches great importance to the logistics and road transport sector, which is an important and unavoidable...
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A dress made of orange peel will also be presented at the Grow exhibition
Clothes made from sustainable materials, such as orange peels, will also be showcased at Amsterdam’s Fashion for Good Museum Grow pop-up exhibition, which will be on display at the Metropolitan...
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We pay 80 percent more for eggs than at this time last year
In Hungary, we pay 80 percent more for eggs than at this time last year, while in January 2023 the price of eggs in the EU was on average 30%...
Read moreAre the big breweries abusing their dominance over the small breweries?
The Association of Csíki Sör and Small Breweries responded to the authority’s draft report in a harsh open letter to the Economic Competition Authority, at the same time objecting that,...
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