Market News
PepsiCo earnings beat expectations as price hikes boost snack and beverage sales
PepsiCo on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, fueled by higher prices for its snacks and drinks. But the company saw volume fall 2% across its food business...
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Good news about non-ÖKO seeds and tubers
Regulation 889/2008/EC of the Commission of the European Union permits the use of seed and potato tubers from non-organic farming in organic farming, if the producers cannot obtain propagating material...
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The Nébih interface for e-GN submission can now be tested
Nébih provides an interface for the submission of the electronic management diary (e-GN), which thus enables the direct submission of data from the farmers’ farm management software. The “connection request”...
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EY: A mild recession, but a sluggish recovery awaits businesses
Companies in Europe have to face a short and mild economic downturn, which is, however, only followed by a slow recovery, reads the international study by EY. The Central and...
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The GVH continues its targeted official actions on the market of durable foods
The Economic Competition Authority (GVH) will continue its targeted official actions on the durable food market, the aim of which is to reveal the distortions of competition in the Hungarian...
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Gergely Gulyás: The VAT reduction of food items did not come up
At Thursday’s government briefing, Gergely Gulyás said that the VAT reduction did not arise, which otherwise significantly lowered inflation in Croatia. And the reason for this is that, according to...
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KPMG: emerging Hungarian companies must publish their sustainability report for the first time in 2026
Up-and-coming Hungarian companies must first publish their reports on their 2025 results based on the European Union’s sustainability reporting system (CSRD) in 2026, the international consulting firm KPMG pointed out...
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Sándor Farkas: the recognition of Hungarian agriculture has never been as good as it is now
The recognition of Hungarian agriculture has perhaps never been as good as it is now – the Parliamentary State Secretary of the Ministry of Agriculture stated on Thursday in Nagymágocs....
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Albert Heijn And BP Open 100th AH To Go Forecourt Store
Albert Heijn and BP have jointly announced that they have opened the 100th AH to go forecourt store. The Albert Heijn to go store at the BP station at the...
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Bacardi buys majority of Jay-Z’s cognac brand, ending legal battle
Bacardi resolved a legal battle with entertainer and businessman Jay-Z by buying a majority of his stake in D’Ussé, the super-premium cognac brand he developed with the alcoholic beverage maker....
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The antibiotic use reporting system is available for the monthly data provision of farms
Veterinarians and their representatives can once again use the system for reporting antibiotic use, which has been expanded with new functions. Wholesalers of veterinary medicinal products with antibiotic active ingredients...
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Single-Use Plastic Waste Rises From 2019 To 2021, Despite Pledges
Single-use plastic production rose by six million tonnes per year from 2019 to 2021 despite tougher worldwide regulations, with producers making ‘little progress’ to tackle the problem and boost recycling,...
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Hungarian-Algerian agricultural relations must be further strengthened
In order to ensure a safe food supply, it is extremely important for our country to get to know Algeria’s production experience and technologies, said Minister of Agriculture István Nagy,...
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ROSSMANN is among the 30 best employers in the world
The American business magazine Forbes has published a new list of the best employers in the world. ROSSMANN finished 26th in 2022, improving 18 places compared to its excellent 44th...
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Retail turnover decreased by 3.9%
Falling short of expectations, according to the raw data, the volume of retail trade decreased by 4.8%, and when adjusted for the calendar effect, by 3.9% compared to the same...
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K&H: What worries the citizens of the world?
The term “sustainability” has entered the vocabulary of everyday life. According to a research covering 34 countries, among the problems that concern people, the most frequently used concepts – such...
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Pizza inflation is the highest in Hungary
Among the EU countries, the annual inflation of pizza and quiche increased the most in Hungary (46%), followed by Lithuania (39%) and Bulgaria (37%), Forbes points out in a recent...
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Industrial production increased by 2%
Far exceeding expectations, industrial production increased by 2% in December, while adjusted for the effect of working days, production increased by 5.7%, as there were two fewer working days in...
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This is how CEOs would mitigate the effects of the crisis, according to the PwC survey
The majority of Hungarian business leaders expect a clear slowdown in the growth of the world and Hungarian economies in 2023, however, they feel that the situation of the domestic...
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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...
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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® –...
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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....
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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....
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