Market News
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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,...
Read more
Foreign online stores are slowly taking over the domestic market
The proportion of exporting Hungarian e-commerce companies is low, if this continues, several webshops may cease to exist. Compared to regional competitors, the Hungarian economy is characterized by a significant...
Read more
The price of pork in the neighborhood can skyrocket
The price of pork in Slovakia is spectacularly high, and another price increase is expected in April. “Pork meat can become more expensive by 15-18 percent only in March, with...
Read more
More apples are sold this year than last year
In December, the population consumed 430,000 tons of apples, while in January we already consumed 674,000 tons of apples, i.e. stocks are running out faster and faster – according to...
Read more
Strawberries will remain expensive until May
For a long time, we considered strawberries as a seasonal fruit, and we were already preparing for the beginning of summer to enjoy the inimitable taste experience that this berry...
Read more
The Hungarian Logistics Association and Trenkwalder concluded a cooperation agreement
On March 9, the Hungarian Logistics Association (MLE) and Trenkwalder signed an agreement on strategic cooperation at a conference jointly organized by the two parties. The highlight of the event...
Read more
Organic 2.0
The US Department of Agriculture National Organic Program (NOP) issued the Strengthening Organic Enforcement (SOE) Act in January after publishing the proposed rule two years earlier. The new rules governing...
Read more
Delhaize to sell all Belgian stores
Belgian supermarket chain Delhaize has announced it wants to sell all its integrated supermarkets in Belgium to independent franchisers. In doing so, the chain aims to become more profitable in...
Read more
Carlsberg Group Plans To Expand Regenerative Barley Usage Across Brands
Carlsberg Group has announced that it is making progress on its goals to transition towards regenerative farming across its global supply chain. The Danish multinational brewer said it is ‘taking...
Read more
A publication presenting the details of the Agro-ecological Program has been published
The Agro-ecological Program (AÖP) is perhaps the most important new support element of the I. pillar support framework defined by the Strategic Plan of the Common Agricultural Policy (KAP) starting...
Read more
Booming vegan beauty product market
In 2021 The Vegan Society published a study in the United Kingdom, which found that 56% of shoppers would like to see more vegan-verified cosmetic and toiletry products in shops....
Read more
This year is all about values: food and drink trends in 2023
Plant-based food: ups and downs According to Forbes, the 10% drop in meat substitute sales, together with the price of shares in Beyond Meat falling from USD 108 to 12,...
Read more
Aldi and Lidl have reduced their prices, Tesco and Spar are choosing a different path
While Aldi and Lidl are constantly reducing the prices of some of their products, Tesco and Spar do not see this as a good strategy, at least not directly, vg.hu...
Read more
The price of beer doubled
In the case of lager-type beers, the prices of lager-type beers in Hungary rose the most in the entire European Union. The rate of beer price increase was twice as...
Read more
The sale of genetically modified ornamental fish is prohibited and can result in fines of millions
Nébih confirmed the sale of genetically modified (GMO) ornamental fish in several pet stores across the country. Proceedings have been initiated against the companies concerned, and they can expect fines...
Read more
The Green Future Research Center started operating at the University of Debrecen
Biodiversity, Climate Change, which was established a year ago at the University of Debrecen (DE) and is now starting its activities, investigates biodiversity in international cooperation – the diversity of...
Read more
The companies using the Hungarian Product trademark system had a big break
The total revenue of companies using the Magyar Termék trademark system exceeded HUF 2,650 billion last year – said the managing director of Magyar Termék Nonprofit Kft. on Thursday in...
Read more
Farmers can use three times more resources for investments
We are committed to continuously increasing the competitiveness of agriculture and the food industry and to protecting the environment – stated Minister of Agriculture István Nagy at the farmers’ forum...
Read more
Creative ideas and innovative solutions were awarded at the “Live Communication Awards” of UNICEO in Hungary
For the fourth year in a row, the Geneva-based international association is announcing the “Live Communication Awards” competition in Hungary to recognize “live communication” solutions that fit the strategy of...
Read more
The future of the industrial vegetable sector is promising
Zsolt Feldman stated that the annual funding for sweet corn and green pea-related production support will increase significantly, from 11.1 million euros to 15.6 million euros, so the additional support...
Read more
One of the European centers of pet food production is located in Bük
The pet food that rolls off the most modern production lines and is also produced with domestic grain reaches the four-legged pets living in more than 40 countries around the...
Read more
Economic Impact Of Overweight And Obese People To Surpass $4 Trillion By 2035, Study Finds
The World Obesity Federation has published its World Obesity Atlas 2023, which predicts that the global economic impact of overweight and obese people will reach $4.32 trillion (€4.04 trillion) annually...
Read more
Aldi Süd Announces Price Reductions On Fruit and Vegetables
Aldi Süd has announced it has reduced the prices of select fruits and vegetables in all 2,000 of its stores in Germany, commencing 6 March. The move comes after Aldi...
Read more