Market News
István Nagy: the countryside is the driving force for the renewal of the Hungarian economy
The Hungarian government sees the economic power of the countryside as a driving force in the renewal of the Hungarian economy, the Minister of Agriculture stated on Saturday at Bihartorda...
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Migros Supermarket AG To Cut 150 Jobs As It Streamlines Business
Migros Supermarket AG, the supermarket business unit of Migros, will implement its new organisational structure on 1 July 2024. The move – aimed at implementing simplified processes, lean structures, and...
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In-store traffic expected to fully rebound by Q3
CBRE is predicting retail foot traffic to fully recover from the post-pandemic lull later this year. The real estate investment firm says that according to its latest data, foot traffic in...
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Overview of the beginning of the cherry season: under very heterogeneous conditions, a slightly better than average harvest is expected
Major frost damage and plant protection problems avoided the cherry plantations. In addition to the better-than-average quantity, the smaller fruit size can cause (mainly sales) problems. By harvesting the early...
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Beiersdorf To Develop Anti-Ageing Solution With Rubedo Life Sciences
Skincare giant Beiersdorf has entered into a multi-year partnership with Rubedo Life Sciences to develop an anti-ageing solution for the global face care market. The partnership will see Beiersdorf leverage...
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NAK: Hands off the butter!
The domestic animal product sector has been hit by another indiscriminate attack. This time, dairy products, including butter, were targeted. The slogans “*leave the cows alone” and “skip the cow*”...
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5 things that we could easily digitize at work right now
Gone are the days when all contracts and invoices had to be delivered to the target person on a paper basis, by post, and for some time we have also...
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In the first quarter of 2024, the performance of investments decreased by 9.6 percent
According to the raw data, the volume of investments in the first quarter of 2024 was 9.6 percent lower than the same period of the previous year. Compared to the...
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KSH: a bruttó átlagkereset 658 400 forint volt 2024. márciusban, 13,9 százalékkal haladta meg az egy évvel korábbit
In March 2024, the gross average salary of those employed full-time was HUF 658,400, and the net average salary calculated with allowances in mind was HUF 452,700. The gross average...
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Danone US to discontinue two plant-based milk alternatives
The decision to stop the production of Silk Nextmilk and So Delicious Wondermilk comes as sales of the alternative category fell in 2023, after four consecutive years of growth. This...
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The drought was eased by the stormy Whitsunday weekend, JÉGER’s operation was needed across the country
The soil generators operated by the National Chamber of Agriculture (NAK) did not rest during the long Pentecost weekend. The operation of the National Ice Damage Mitigation System (JÉGER) was...
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Germany Supports Closing Loopholes Favoring Chinese E-commerce Growth
Germany endorses a European Union proposal aimed at tightening the tax exemption rules that have aided the expansion of Chinese e-commerce platforms like Temu and Shein. Currently, packages valued under...
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The producer price of slaughter cows is 24 percent lower than a year ago
According to AKI’s slaughter statistics data, cattle slaughter in January-March 2024, expressed in live weight, decreased by 14.8 percent compared to the amount in January-March 2023. Cows, which account for almost...
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Competition Office: Natur Tanya may have misled consumers with claims about health effects
Due to the alleged violation of the prohibition of unfair commercial practices towards consumers, the Economic Competition Office (GVH) initiated a competition supervision procedure against Natur Tanya Hungary Kft. and...
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UBM: the domestic feed industry can expand by nearly 20 percent in 2024
The prospects for the Hungarian feed industry in 2024 are favorable: the decrease experienced in 2022 and 2023 may be followed by a rebound this year, and with an expected...
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MATE is developing its training infrastructure with almost HUF 3 billion
The Hungarian University of Agriculture and Life Sciences (MATE) will spend almost HUF 3 billion to develop the infrastructure of practical training on its three largest campuses, the institution announced...
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KPMG: This is where the path of service centers through technology leads
Significant changes have taken place in the Hungarian service industry sector in twenty years. The initial SSCs (Shared Services Center) now not only provide high added value (SSC 2.0), but...
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Agrometeorology: plants grow well in warm, rainy weather
The weather that turned rainy a week ago and the warm weather is good for grain in the phase of grain growth and intensively growing crops, but at this time...
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McCain to invest in potato production in France
McCain said it aims to step up its investment and presence in France with the project and “anticipate the future needs of the French market”. McCain Foods, the Canada-based frozen...
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AM State Secretary: a competitive, crisis-proof and farmer-friendly EU agricultural policy is needed
European farmers need a competitive, crisis-resistant and farmer-friendly EU agricultural policy, and Hungary will represent these aspects during its EU presidency, the Secretary of State for Agriculture and Rural Development...
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Ahold Delhaize Pledges To Boost Omnichannel Sales, Raise Private-Label Share To 45%
Ahold Delhaize is seeking to drive omnichannel loyalty sales penetration to more than 80% by 2028, and increase the share of private-label sales to 45% of its total assortment, as...
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Action focuses on Central & Eastern Europe
Action plans to increase the pace of expansion. Poland is one of the most important investment countries for the non-food discounter. Despite fierce competition in the segment, the retailer achieved...
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Brits to spend £2.4 billion on beer during Euros 2024 tournament
Brits are estimated to drink 604.5 million pints during this summer’s 2024 Euros tournament, new research finds, with spending predicted at £2.4bn over the 33 day championship. Takepayments, a digital...
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Exports of shell eggs rose by 58 percent
According to data from the European Commission, the packing point price of table eggs in the EU was 224 euros/100 kilograms in the first nineteen weeks of 2024, 13 percent...
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Ministry of Agriculture: the Hungarian food industry is developing based on good European examples
After the decline following the regime change, the domestic food industry must be strengthened again. The government will allocate 750 billion forints of the approximately 1,500 billion forints in tender...
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MNB: the stock of green loans reached a peak last year
Through the Magyar Nemzeti Bank’s (MNB) Green Capital Requirement discount program, banks issued almost HUF 880 billion in loans based on the total at the end of 2023, said the...
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International Tea Day is dedicated to women
Although the history of tea goes back more than 5,000 years, it has not gone out of fashion even today due to its health, cultural and socioeconomic effects. The cultivation...
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Profession.hu: According to Hungarians, commuting is better now than 6 years ago
According to a significant majority of Hungarian workers, in addition to salary, the distance from their place of residence is the most important factor when looking for a new job....
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These are the 20 most vegan-friendly cities in the world in 2024
HappyCow is a platform that evaluates plant-based, vegan and healthy food venues, and the website has recently published list of the 20 most vegan-friendly cities in the world – once...
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Trans fatty acids: everything you need to know – even the law protects margarine consumers
The stereotype still often arises that margarines contain a large amount of harmful trans fatty acids, so their consumption is not recommended. However, this is a misconception that can be...
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