Market News

The issue of artificial meat and the fight against food waste will be the main theme of our presidency

The issue of artificial meat, the fight against food waste and animal welfare are also on the agenda of Hungary’s EU presidency, which István Nagy discussed in his office with...

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The Eurozone economy stagnated in the fourth quarter

Eurozone economic performance stagnated in the fourth quarter following a slight contraction in the previous quarter, according to a Wednesday report by Eurostat, the statistical office of the European Union....

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Annual inflation in Romania rose to 7.4 percent in January

Annual inflation in Romania rose to 7.4 percent in January, the National Institute of Statistics (INS) announced on Wednesday. In December, the annual inflation rate was 6.6 percent. The Romanian...

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Contrary to expectations, annual British food inflation did not accelerate in January

Twelve-month inflation of 4 percent, the same as in December, was measured in January in Great Britain. Analysts expected an annual inflation rate accelerating to 4.2 percent for the first...

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Ukrainian Minister of Agriculture: Ukraine does not shy away from Poles checking the quality of its grain

Ukraine is ready for Polish authorities to check the quality of Ukrainian grain at the border, Ukrainian Minister of Agrarian Policy Mykola Solskyi said in a TV program on Wednesday....

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This year, it is expected that the rules for mandatory waste disposal will be eased

The professional struggles of Hungary and other EU member states for many months, as well as the European farmers’ demonstrations, helped to achieve the result that in 2024, agricultural producers...

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The OXO Labs Startup Factory application will start in 2024

In 2024, the OXO group is also waiting for applications from early-stage, start-up innovative businesses, of which at least nine promising initiatives will be selected for its portfolio in the...

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Our country is preparing full steam ahead for the EU presidency

The issue of artificial meat, the fight against food waste and animal welfare topics are also on the agenda of our country’s EU president, which István Nagy discussed in his...

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Mondelez eyes better energy use at plant in Austria

The Milka facility, located in Bludenz, Austria, will be “one of the first plants in Mondelēz International’s European production network to cover its hot water requirements […] with two modern...

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Carrefour Expands Grocery Delivery Partnership With Just Eat In Italy

Carrefour Italia has expanded its partnership with Just Eat for grocery home deliveries in the country. This collaboration will allow Just Eat’s three million customers to access a wide range...

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This year, it is expected that the rules for mandatory waste disposal will be eased

The data related to the uploading of the electronic management diary can be agreed until mid-March. For the submission of the unified application for 2024, the Ministry of Agriculture is already...

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Retail ranks low for digital trust from consumers

Fewer than one-in-10 consumers say they trust retailers enough to share their personal information with them, according to global technology and security provider Thales, whose “2024 Thales Digital Trust Index”...

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33,000 farmers have already received payments this year

In connection with last year’s unified applications, the Hungarian Treasury has already paid HUF 42 billion to more than 33 thousand farmers this year, stated Lajosmizsén Lajosmizsén, Zsolt Feldman, State...

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GKI: Hungary has been in the EU for 20 years: how has the population’s trust in the European Union changed?

On May 1, 2004, ten new states joined the European Union, including Hungary. In our series of articles, we use one indicator to explore how the situation of our country...

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The Hungarian agricultural and food industry can expect a calmer year in 2024

After the often unpredictable environment of recent years, the Hungarian agricultural and food industry can expect a calmer year in 2024, the price of fertilizer, feed and energy has decreased,...

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The Hungarian meat industry faces a great opportunity

In addition to plant growers, animal breeders must also be put in a position, because in the Hungarian food industry, the greatest profit can be achieved with highly processed and...

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IMF: Europe will have the lowest GDP growth in 2024

On the global economic map of 2024, many countries are forced to face risks and challenges. Inflation spikes, increasing debt loads, and declining consumer savings are all factors that can...

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KSH: The production of food, beverages and tobacco products, which received 14 percent from the processing industry, was 10.4 percent lower than a year earlier

In December 2023, the volume of industrial production was 13.7 percent lower than a year earlier. Adjusted for the working day effect, production fell by 8.7 percent, the Central Statistical...

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Randstad on “HR Trends 2024”: gaping gap between salary demand and planned salary increase

On February 1, Randstad published the first details of the “HR Trends 2024” research. The research conducted by interviewing the top managers of more than 350 domestic companies operating in...

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NAV: the return can be submitted in the eVAT system

Since February 1st, the VAT return can be submitted in the eVAT system via a web interface or machine-to-machine connection – the National Tax and Customs Office (NAV) informed MTI...

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According to Giorgia Meloni, the European Parliament elections will bring a change in agricultural policy

With the European Parliament elections, there will be a turning point in the Community’s agricultural policy, Italian Prime Minister Giorgia Meloni announced on Monday evening, after meeting with the delegations...

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The price of chicken breast fillets decreased by 19 percent

Based on data from the KSH, Hungary’s poultry meat exports increased by 2 percent to 200,000 tons between January and November 2023 compared to the same period of the previous...

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EXIM: applicants quickly grabbed the resources of the Gábor Baross Loan Program

EXIM Hungary received so many applications from Hungarian companies in the Gábor Baross New Industrialization Loan Program, which was reopened on January 15, that it exhausted the loan program’s framework,...

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The conditions for ewe support will become more favorable

This year, the conditions for subsidizing production-bound ewes will become more favorable with the first amendment to Hungary’s KAP Strategic Plan. It is important to inform farmers about the two...

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MBH: Hungarian agriculture can expect a calmer year than last year

The agriculture and the food industry can expect a calmer year this year than in 2023, mainly the prospects of livestock keepers have improved, a more balanced period in agriculture...

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The agricultural chambers of six countries jointly call on Brussels: end the impossibility of European farmers!

In addition to the Hungarian National Chamber of Agriculture, the agricultural chambers of five other countries strongly warn the decision-makers of the European Union not to destroy Europe’s agriculture. The...

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Free delivery an exception in DACH

Only a fraction of online retailers in Germany, Austria, and Switzerland offer free delivery for online orders. The largest group of sellers charges shoppers an average of between 2 and...

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The Hungarian meat industry faces a great opportunity

In addition to plant growers, animal breeders must also be put in a position, because in the Hungarian food industry, the greatest profit can be achieved with highly processed and...

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Coop Italia Launches Over 200 New Pet Food SKUs

Italian cooperative and retailer Coop plans to launch around 200 new SKUs across four pet food lines. The move bolsters its existing ‘Amici di casa Coop’ programme and aims to...

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European Commission: producers can deviate from the rules on fallowing for one year

In 2024, EU agricultural producers can deviate from the rules of the common agricultural policy (CAP), which oblige them to leave certain agricultural areas fallow, i.e. fallow, the European Commission...

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