Market News
Austria set to lose its only Trappist Brewery
The monks of Engelszell Abbey, one of ten official Trappist Breweries left globally, have announced the closure of their monastery. In a statement issued earlier this month, abbot general Dom...
Read more
Lidl celebrates fiftieth anniversary
In 50 years, Lidl grew from one store to a network of 12,000 discount stores in 32 countries. The discounter celebrates its birthday exuberantly in its home market but also...
Read more
The bill to prohibit the imposition of land tax was introduced
The bill has been submitted to the parliament, which prohibits the imposition of land tax on mayors and local governments – Minister of Agriculture István Nagy announced on Friday in...
Read more
Péter Szijjártó: it gives Hungary extraordinary strength that its agriculture produces double the domestic consumption
The fact that agriculture and the food industry can produce double the total domestic consumption gives Hungary extraordinary strength, and the investments realized with government subsidies also play a significant...
Read more
Last year’s results were evaluated by FÉSZ members at a professional conference
The Association of Responsible Food Manufacturers (FÉSZ) held a renewal general meeting, followed by a professional conference, in the framework of which the representatives of the food industry companies reviewed...
Read more
The Dreher family novel is here!
“What depends on me cannot depend on me.” – Anton Dreher’s creed could even be on the family coat of arms, it accompanies his descendants so much. The main thread...
Read more
VOSZ held its national meeting of delegates
VOSZ has been present in the Hungarian economy for 35 years this year, and plays a decisive role in the representation of business interests and social dialogue. Building on the...
Read more
Starbucks named as most valuable restaurant brand
According to the 2023 “Restaurants 25” report by the independent consultancy firm Brand Finance, Starbucks has remained the world’s most valuable restaurant brand. The company’s annual report analysed factors such...
Read more
JCDecaux and E.ON announce a short story competition about environmental protection
Good stories make you think, make you act and can change the future — why can’t they make the fate of our planet better? JCDecaux Stop for a short story!...
Read more
More than a thousand Hungarian firms will have to report on their sustainable operations to the EU
An 11-country study by Ernst & Young (EY) has found: less than a third of companies qualify as sustainable, based on the EU’s green framework system. This article is available...
Read more
Tesco operates e-vehicle charging points at 600 locations
In the United Kingdom, Tesco announced that its Kirkwall store has become its 600th where electric vehicle charging points are installed. Since Tesco, Volkswagen and Pod Point launched the network in...
Read more
Cosmetics – only naturally!
This article is available for reading in Trade magazin 2023/5 Gábor Szabó, Florin Zrt.’S PR manager: “We are proud of the fact that 100% Hungarian-owned Florin Zrt. realised already 10...
Read more
LIFE AWARDS 2023: Among the finalists is the program Without Remaining
Every year, the European Commission awards the most innovative, inspiring and successful projects implemented with the support of the LIFE framework program. This year, Nébih’s Without Remaining program can compete...
Read more
A good specialist is always needed
A profession can really be mastered in practice – declared Dr. Márton Nobilis, the Secretary of State responsible for the food industry and trade policy of the Ministry of Agriculture,...
Read more
You can still apply for the animal welfare subsidy for dairy cattle
The Ministry of Agriculture draws attention to the fact that, in connection with animal welfare support related to the keeping of dairy cattle, support applications can be submitted to the...
Read more
Infarm closes Copenhagen operations amid ongoing ‘strategy shift’ & vertical farming consolidation
Vertical farming company Infarm has shut down operations in Copenhagen, Denmark. This is the latest closure in a series that also includes operations in the UK, France, the Netherlands, Japan and...
Read more
Auchan Retail Expands African Footprint To Algeria
French retail group Auchan plans to enter Algeria in the fourth quarter of this year in partnership with the Great Way Group, a retail player operating in the Maghreb region....
Read more
Nébih discovered serious violations of animal health regulations at a cattle ranch in Borsod-Abaúj-Zemplén County
The inspectors of the National Food Chain Safety Office (Nébih) took action at an animal keeper in Tornaszentjakab (Borsod-Abaúj-Zemplén county) due to seriously and repeatedly illegal animal husbandry practices –...
Read more
Sweden’s Essity Kicks Off Sale Of Majority Stake In Hong Kong’s Vinda, Sources Say
Sweden’s Essity has kicked off the sale process for its 52% stake in Hong Kong-based Vinda International – a maker of tissues and diapers, two sources with knowledge of the...
Read more
Nébih revealed shocking deficiencies in animal health and animal welfare at a cattle farm in the county of Borsod-Abaúj-Zemplén
The inspectors of the National Food Chain Safety Office (Nébih) took action in April 2023 at a livestock keeper in Borsod-Abaúj-Zemplén county due to seriously and multiple illegal animal husbandry...
Read more
Eurostat: In April, food inflation in the Eurozone accelerated on an annual basis
In April, inflation accelerated in the euro zone on an annual basis, the statistical office of the European Union announced on Wednesday. According to Eurostat’s final data, inflation rose to...
Read more
The Milk Product Council is revising the basic price forecast for raw milk based on the recommendations of the GVH
The Milk Trade Union and Product Council will revise the price forecast methodology that determines the price of raw milk – this was agreed upon by the leaders of the...
Read more
The GVH is working on reducing inflation – the competition authority discussed its proposals with domestic food industry organizations
The Economic Competition Authority (GVH) discussed its proposals aimed at reducing inflation published last week in a personal meeting with representatives of seven food industry and trade professional organizations and...
Read more
SPAR is preparing for the grilling season with new products and 250 tons of grilling products
The days are getting warmer, May already beckons to the gardens, friend and family gatherings are organized, and of course the grill, the pot, the fish grill, skewers, baking sheets,...
Read more
An eternal retro star: the Százszorszép candy box
The renaissance of retro continues to pervade our everyday lives – among the various fashion trends, objects and memories, it is worth lingering over a cult piece that has meant...
Read more
POPAI village in the heart of EuroShop
This article is available for reading in Trade magazin 2023/5 EuroShop is the biggest trade fair of the retail profession, which is organised by Messe Düsseldorf every three years, with...
Read more
Coface: An unfavorable turn has occurred in the economies of the region, including in Hungary
While the number of insolvent companies decreased in the Central and Eastern European region in 2020, it increased in 2021 and then accelerated in 2022, according to the analysis of...
Read more
John Lewis to invest in RFID technology to reduce stock loss
John Lewis Partnership is planning to launch radio frequency Identification (RFID) technology to get “a real better visibility of its stock.” The company has made a GBP 234m loss for...
Read more
Mouth-watering melons were studied at MATE
Which is the sweetest and most vividly colored variety of cantaloupe? What happens to cantaloupe as a result of grafting and storage? And can grafted melons really taste like pumpkin?...
Read more