Market News

E-commerce in Germany also hit by a slump in consumer spending

The slowdown in consumer spending has also affected online retail in Germany. Last year, e-commerce sales fell by around 5 per cent to €101.7 billion, according to industry association bevh....

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Information about the application for drone application of plant protection agents and preparations with a plant protection effect

In the past period, Nébih employees have received many questions regarding who, where and how can apply for authorization of plant protection agents and products with plant protection effects for...

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This year, it is not customary to farm and apply for support

At the GOSZ Szántóföld Professional Day organized as part of the 41st AGROMashEXPO and Agrárgép Show exhibition, the Deputy Secretary of State responsible for agriculture Anikó Juhász called it the...

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MNB vice-president: the first step on the road to the green transition is to reduce inflation

The first step on the road to sustainable growth and the green transition is to break down and quickly reduce inflation, because a high inflation environment “regardless of its color”...

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György Raskó: trappist will be HUF 1,000 cheaper if the price cap on milk is lifted

If the price cap on milk is introduced, a range of dairy products, including Trappist, would immediately be much cheaper. “If the price cap were to be abolished, prices would...

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Balázs Csaba Rigó: it seems that customers do not allow profiteering on groceries

Balázs Csaba Rigó, the president of the GVH, spoke on ATV’s Egyenes Beszéd program about the competition office’s investigations into whether the drastic price increases were justified. “The price increases...

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Márton Nagy: inflation may be in the single digits by the end of the year, the economy may pick up again next year

Hungary can avoid recession this year with a GDP expansion of 1.5 percent, and inflation may again be in single digits by the end of the year; In 2024, the...

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Company leaders are preparing for a slowdown in the global economy

CEOs around the world expect an economic downturn, according to EY’s international survey of 1,200 CEOs. The decision-makers want to get out of the crisis strengthened by company acquisitions. The...

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A severe bread shortage is expected in Slovakia

Rising energy prices present unprecedented challenges to Slovak municipalities. On the evening of January 30, public lights will be switched off in Slovakia to protest that the government has not...

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The European Waste Reduction Week awards were presented

The State Secretary responsible for the environment and circular economy of the Ministry of Energy (ME) called the transition to a circular economy one of the biggest challenges on Thursday...

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In Bucharest, the consumer basket containing basic food items has risen in price by 40 percent in just over a year

In Bucharest, the consumer basket containing basic foodstuffs rose in price by 40 percent in one year and three months, while the national average net wage rose by 17 percent,...

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There are also problems with the Chinese economy

In the world’s most populous country, the number of deaths exceeded the number of births for the first time in six decades, meaning that its population is shrinking. All of...

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The deadline for payment of the food chain supervision fee is approaching

January 31, 2023 is the payment deadline for the second installment of the supervision fee related to the 2022 return. The fee can even be settled online. Nébih would like...

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Important deadline: 2022 BIONYOM data service on the Nébih interface!

The National Food Chain Safety Office (Nébih) calls the attention of biomass dealers, biomass processors and fuel distributors that they must prepare and submit electronically the BIONYOM data service for...

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Greenwashing On Food, Drink, Toiletry Labels To Be Scrutinised In UK

Britain’s competition regulator will consider whether companies selling food, drink and toiletries are wrongly labelling products as “sustainable” or “better for the environment” in its latest probe into greenwashing. The...

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You can apply for MATE’s fruit and vegetable processing training until February 6

With up-to-date market knowledge, the Buda Campus of the Hungarian University of Agriculture and Life Sciences will launch a specialized training in fruit and vegetable processing in March 2023. The...

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Douwe Egberts parent brews up a strong year

The new strategy of JDE Peet’s, the coffee group over Douwe Egberts, is paying off. The coffee company performed revenue growth of 16.4% last year, in line with expectations. “I...

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Maxima Latvija Launches Scheme To Deal With Bio Waste

Maxima Latvija has unveiled a new initiative that seeks to inform customers about sorting waste and encourage them to review their daily waste habits. The scheme is within the framework...

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The vegetation cycle of the plants was disturbed by the permanently mild weather

In the Great Plain, there is still water on the fields in a large area, but in colder, mostly dry, often windy weather than before, the inland water spots are...

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Intrum: We will avoid a deep crisis, but a protracted recession and credit crisis may come

Based on the solvency report of Intrum and GKI, the financial situation of Hungarian households is not expected to improve significantly in 2023 either, although the crisis will not be...

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Magyar Bankholding: Economic performance may start to increase this year

By the end of 2023, inflation may be in the single digits, the annual average is expected to be around 17.5 percent, according to Magyar Bankholding’s recent macroeconomic analysis. The...

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Ham forms a separate product group in the Hungarian Food Book – this is what you need to know about it

Ham has been extremely popular for many centuries. Salted, dry-aged Mediterranean hams are the most well-known in the world, but there is no reason to be ashamed of the Hungarian...

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You can’t do it alone – BCSDH Sustainability Partner Search event to achieve net zero goals

The world faces three critical challenges: the climate emergency, the loss of natural diversity and growing social inequalities. Systemic changes are needed instead of isolated measures, which requires deep and comprehensive...

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A master’s degree in marketing can already be completed in English at BGN

From September 2023, a practice-focused master’s degree in marketing, which can be completed in English in up to one year, will be launched at the Faculty of Trade of the...

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Scotch, bourbon and Japanese

According to IWSR, Hungarian whisky sales grew by 20% in 2021. Dávid Gábor Kovács, marketing director of Zwack Unicum Nyrt. can’t feel the effects of the war on the whisky...

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Starbucks To Expand US Delivery Via DoorDash Nationwide By March

Starbucks has expanded its U.S. partnership with DoorDash Inc, betting that its customers will still be willing to pay more to have their high-end drinks delivered even as the pandemic...

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This is how animal by-products can be used as pet food

Feed use is only possible under strict conditions and regulations, taking into account public and animal health risks. In certain cases, Hungarian and EU legislation provides the possibility of feeding...

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GFM: the average salary already exceeds HUF 560,000

According to the latest data of the Central Statistical Office for November 2022, the increase in wages continued. In November last year, the average gross wage was HUF 563,600, i.e....

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István Nagy: technological modernization is taking place in Hungarian agriculture

Technological modernization is taking place in Hungarian agriculture, as evidenced by the fact that the sale of agricultural machinery in Hungary has been growing dynamically for years – said the...

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Ingenico and Fujitsu Frontech presented their palm vein-based payment solution

Fulcrum Biometrics, the North American subsidiary of Ingenico and Fujitsu Frontech, presented the world’s most secure and accurate biometric payment solution based on palm vein identification. The innovation allows stores...

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