Market News
Fidelity: There may be a light at the end of the tunnel for companies
Companies faced one of the toughest years in the past period in 2022, as the global economy was hit by several shocks coming at the same time. Now, at the...
Read more
What would school children put in their baskets if they had to do shopping for the weekend?
Last year, the education program against childhood obesity of the National Association of Hungarian Dietitians expanded to a national level. With the support of the Auchan Foundation, the GYERE® –...
Read more
Low-quality Ukrainian grain of dubious origin floods the market
The faulty decisions in Brussels have released a huge amount of poor quality Ukrainian grain of dubious origin to Ukraine’s neighbors, which makes it impossible for Hungarian farmers as well....
Read more
Hungarian logistics has come closer to EU decision-making
The Hungarian Logistics Liaison Committee (MLKB), made up of six major domestic logistics professional organizations, and the European Transport, Logistics and Customs Service Association, CLECAT, which is also called the...
Read more
Farmers receive help for both technology and knowledge development
Agriculture is transforming at an unprecedented speed, and therefore Hungarian farmers receive help from the government for both technology and knowledge development – said the State Secretary of the Ministry...
Read more
Study finds sustainability labels impact red meat consumption
A recent study published in the Journal of the American Medical Association (JAMA) found that consumers are more prone to avoid red meat when presented with climate impact labels. The...
Read more
Sales of fertilizers and plant protection agents decreased in the last quarter of last year
The volume of fertilizer sales decreased by 40 percent in the last quarter of last year compared to a year earlier, and farmers bought 54 percent less plant protection products...
Read more
Hungarians bought gold bars for more than three billion forints
In 2022, more than HUF three billion worth of gold was purchased for investment purposes in the branch network of BÁV Zálog. This value corresponds to three times the turnover...
Read more
The Hungarian Precision Farming Association has announced this year’s award winners
The Hungarian Precision Farming Association will once again present awards this year in recognition of the spread of agricultural digitalization, the company told MTI on Wednesday. The Award for the...
Read more
What about insect-based food? Will Hungarian shops also be flooded?
If the production of plant-based foods has been accepted in the EU, Hungary will also have the opportunity to do so. But is this really the near future? The G7...
Read more
The end of the price cap: which food will consumers really miss with lower prices?
During the year, there were several reports of empty shelves in stores and periods of stock shortages, which may end with the end of the price cap after April 15....
Read more
György Hölvényi: the African food crisis threatens the security of Europe
The African food crisis threatens the security of Europe – asserted György Hölvényi, a member of the European Parliament (EP) of the Christian Democratic People’s Party (KDNP) at the meeting...
Read more
This is what companies are investing in in 2023: the focus is on technology and the supply chain
Faced with economic headwinds, companies are cautious about investments. At the same time, 43% of businesses plan to increase investments in the supply chain, while 39% want to increase investments...
Read more
Raw milk’s price grew by three quarters in one year
n September 2022 raw milk’s price was up 46% in the European Union and 33% in the USA if compared with September 2021. Buyers had to pay 3% more for...
Read more
In the Czech Republic, retail sales decreased by 3.6 percent
Last year, retail sales in the Czech Republic fell by 3.6 percent compared to the previous year, the Czech Statistical Office announced on Tuesday in Prague. In 2021, retail trade...
Read more
Hungary as a regional middle power – What do the numbers of the last decade show?
At the end of 2022, the vision of one of the Government’s advisers on Hungary’s strategy for the next decade was published. According to this: “The biggest strategic challenge facing...
Read moreTrends in logistics: micro fulfillment centers, IoT, 5G and integrated, automated solutions
The provisions caused by the corona virus epidemic accelerated the transition to online shopping, thereby changing shopping habits. The growth of online sales has resulted in an increase in intralogistics...
Read more
Nestlé Canada To Exit Frozen Meals And Pizza Business
Nestlé Canada has announced it will wind down and eventually exit its frozen meals and pizza business over the next six months in Canada. In a statement, Nestlé Canada said...
Read more
Co-op partners with PayPal to offer more online payment options
Co-op has partnered with digital payment provider, PayPal to offer additional choice for shoppers when paying for groceries online. PayPal is now available as a payment opition for purchases of...
Read more
Bird flu has appeared in another poultry farm in Hajdú-Bihar county
Protection and monitoring districts were designated by the animal health authority after the Nébih laboratory confirmed the presence of the highly pathogenic bird flu virus in a Hajdú-Bihar county farm....
Read more
KSH: The turnover of retail stores decreased by 3.9 percent in December
According to the raw data, the volume of retail trade turnover in December last year decreased by 4.8 percent, adjusted for the calendar effect, compared to the same period of...
Read more
Tamás Tarpataki: pork consumption has increased in Hungary
In Hungary, pork consumption has increased recently, it has now reached 30 kilograms per person per year, and is in second place after the poultry sector – said Tamás Tarpataki,...
Read more
Retail sales decreased in the euro area and the EU in December
Retail turnover in the euro area and the European Union decreased in December, both monthly and year-on-year. The statistical office of the European Union, Eurostat, announced on Monday that in...
Read more
György Raskó: after the price cap, the price of Trappist cheese may drop by up to HUF 1,000 per kilo
According to agricultural economist György Raskó, the price of Trappist cheese per kilo may drop by up to HUF 1,000 if the price cap is removed. In his interview with...
Read more
K&H: At Takarékláng, innovation is at the doorstep of Hungarian companies
In the past two years, there has been hardly any change in the already restrained innovation activity of Hungarian companies. Research and development, innovation and environmentally friendly investments are mostly...
Read more
Retail turnover in Romania increased by 4.4 percent last year
According to raw data, the volume of retail sales in Romania increased by 4.4 percent last year compared to the year 2021, the Romanian National Statistics Institute announced on Monday....
Read more
US campuses: more plant-based food
Aramark, the largest food company in the United States, has announced a commitment to significantly increase the number of plant-based options on its higher education menus by 2025. In partnership...
Read more
Interesting fact: there was a price cap on eggs 100 years ago, but it failed
RTL’s retro media watcher drew attention to an interesting coincidence: the government also ordered a price freeze on eggs in February 1923, but it did not last long. Indeed, on...
Read more
MNB vice president: the number one “enemy” is inflation
In the current turbulent economic situation, inflation is the number one enemy for central banks worldwide – and especially in the region – said Mihály Patai, vice-president of the Magyar...
Read more
BDO: Money laundering, terrorist financing: let’s avoid even the appearance of it!
A company that does not do everything to eliminate risks related to money laundering and terrorist financing risks a serious penalty of up to hundreds of millions of forints. The...
Read more