Market News
Corporate innovation applications worth 182 billion forints are launched in GINOP Plusz
In the coming days, two corporate innovation tenders will be launched, worth a total of 182 billion forints in GINOP Plusz, said the Deputy State Secretary for Innovation of the...
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Animal health is also a basic condition for the reliability of the food chain
Animal health does not only mean ensuring the welfare and health of farm animals, but is also a basic condition for the reliability of the entire food chain – stressed...
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AM: farmers’ interests must be protected by joint efforts
The new draft budget for the European Union agriculture after 2027 is unacceptable in its current form, so we must act together against it – said István Nagy, Minister of...
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Christmas starts in the kitchen
In the Christmas period the time spent in the kitchen is more and more important. This article is available for reading in Trade magazin 2025/8-9. Food manufacturers and retailers aren’t...
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The clock is ticking: the EU Pay Transparency Directive will enter into force in the summer of 2026
The Hungarian labor market will undergo a radical transformation from next summer: the EU wage transparency directive will come into force, requiring the display of salary ranges in job advertisements,...
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HelloFresh is boosting British cooking confidence with new “Skills” recipe boxes
In the United Kingdom HelloFresh is offering new recipe boxes called “Skills”, designed to improve the cooking skills of customers. This article is available for reading in Trade magazin 2025/8-9....
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AM: demand for high-quality Hungarian lamb is growing abroad
Sheep farming is one of the most sustainable livestock farming sectors, and the stability of the sector is ensured by significant exports, as Hungarian sheep and lamb meat is increasingly...
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Retail sales also increased in July, although a decline is visible on a monthly basis
In July, the volume of retail sales exceeded the same month of the previous year by 1.7 percent, both in raw data and calendar-adjusted terms, the Central Statistical Office (KSH)...
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NGM is satisfied with the increase in retail turnover
The Ministry of National Economy (NGM) responded in a statement to the latest data from the Central Statistical Office (KSH), according to which the volume of retail trade in July...
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MNB: the fight against inflation is not over yet
Uncertainties in the global economy have increased further over the past year, while the engines of growth are slowing down, Mihály Varga said at the 63rd Economists’ Travelling Meeting in...
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The European Commission has proposed the adoption of trade agreements with Mercosur countries and Mexico
The European Commission on Wednesday proposed to the Council of the member states the signing and conclusion of trade agreements with the Mercosur countries (Argentina, Brazil, Paraguay, Uruguay) and Mexico....
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Qualified Cluster Titles Awarded for the First Time
On September 3, 2025, the Cluster Certification Board awarded official Certified Cluster titles for the first time, within the framework of the Cluster Development Strategy of Hungary adopted in November...
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The interest rate saga is over: banks compete for savings with promotions
The years 2023–2024 brought a golden period for retail government bond investors: the Premium Hungarian Government Bond and the Discount Treasury Bond provided a risk-free return of up to 15–19%....
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Romanian retail trade expands despite austerity measures
Romania’s retail sales rose 4.5 percent year-on-year in July, according to data adjusted for calendar effects, the country’s statistics office said. The increase came despite the country’s parliament recently passing...
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Minister of Agriculture: New call for proposals encourages generational change in agriculture
A 22 billion forint non-refundable grant has been launched to encourage generational change, and applications can be submitted from November 20, the ministry announced on Tuesday, according to a statement...
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There is room and demand for expanding soybean production in Hungary
The Ministry of Agriculture supports soybean growers and the professional organizations they have established thanks to domestic and European Union funds, and we are focusing on knowledge transfer, emphasized Minister...
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AKI: the volume of live animal slaughter increased in the first half of the year, except for poultry
Domestic slaughterhouses slaughtered less poultry, more pigs and cattle in the first half of this year than in the same period in 2024 – according to the summary published on...
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AI strategy: education in focus
Education will play a key role in the artificial intelligence (AI) strategy, emphasized László Palkovics, the government commissioner responsible for AI, at the presentation of the discussion paper entitled Forward,...
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Farmers’ interests must be protected by joint efforts
The new draft budget for the European Union agriculture after 2027 is unacceptable in its current form, so we must act together against it – said István Nagy, Minister of...
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Aldi US Plans Its First Store Near Times Square
Aldi is planning to open its first store in Central Manhattan near Times Square in 2026, marking a significant expansion into a high-footfall urban area, according to media reports. The...
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Shopify upgrades fulfillment capabilities
Ecommerce software provider Shopify has announced that it is upgrading its built-in fulfillment capabilities. It has new partnerships with multiple global carriers and offers more streamlined logistics workflows within its...
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Nespresso axes 200 UK jobs amid store shutdowns
Nespresso has cut more than 200 jobs in the UK as part of a wider restructuring that saw the coffee giant close 11 locations across the country in 2024. The...
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15 percent more new agricultural machinery sold in the first half
The agricultural machinery market is undergoing a significant transformation worldwide – and Hungary is no exception – which is also influenced by technological development, weather extremes, and changes in support...
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HUN-REN and the University of Singapore organize a conference on healthy living
The HUN-REN Hungarian Research Network and the National University of Singapore (NUS) will jointly organize the Healthy Living 2025 Symposium in Budapest from September 17-19. At the three-day event, researchers,...
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AM: the Ministry of Agriculture supports ornamental gardeners with several application opportunities
Ornamental gardeners make our world more livable, more beautiful and better with their work, and that is why the sector can count on government support – stated István Nagy, Minister...
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Agrometeorology: mostly dry, summery warm, sunny weather helps the harvest
The agricultural drought has ended in a large area in Transdanubia, and has eased in many places in the east, and in the future, mostly dry, summery warm, sunny weather...
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Margin freeze: prices of hundreds of products have decreased, the government may expand the scope
Speaking to M1, the Parliamentary State Secretary of the Ministry of Culture and Innovation, Róbert Zsigó, said that since the introduction of the margin cut, the prices of several food...
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Labour market trends in grocery retail
In the second half of last year 338,000 people were employed in retail trade in Hungary, according to a study commissioned by the National Trade Association (OKSZ) and conducted by...
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Changing meat market: more cattle and pigs, less poultry processed in the first half of 2025
In the first six months of 2025, 50.3 thousand cattle were slaughtered in Hungarian slaughterhouses, a 26.1 percent increase compared to the same period of the previous year, according to...
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Sustainability in the pressure of time
Sustainability is no longer just a moral issue, but an economic, social and environmental imperative. This article is available for reading in Trade magazin 2025/8-9. FAO, GREEN BRANDS and the...
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