Market News
Institute of Agricultural Economics: the agricultural machinery market continued to expand
Individual farms and social enterprises bought HUF 269.1 billion worth of new agricultural machinery and equipment in the first three quarters of this year, 69 percent more than a year...
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Brave new bread
Supply chain issues had a big influence on the milling industry in the last few years, and the Ukraine-Russia war caused a shock on the raw material supply side, as...
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(HU) Itt a 95%-os adókulcs: hatalmas különadó-emelésről döntött a kormány
The government imposed a 95 percent extra profit tax on Mol, the amendment to this decree was published in the Magyar Közlöny on Wednesday. The government amended its previous decree...
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Safe care: What should we pay attention to when donating food?
During the Advent period, many people help to make the holidays more beautiful for their fellow humans with a more difficult fate by donating. Food donation is one of the...
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Retail surtax and its background
Hungary’s government has imposed a surtax on 8 sectors, including retail trade, and they also increased the already existing taxes. Firms with a tax base below HUF 500m don’t have...
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(HU) Infláció mellett is jönnek az akciók
Promotions keep coming in spite of the inflation Lasting inflation and rising prices make shoppers even keener on price promotions. Retailers are in a difficult position, as sourcing prices change...
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The potential inherent in millet must be exploited for the well-being of people and the environment
The UN dedicates the year 2023 to ramping up millet production, considering its nutritional benefits and resilience. As global food systems are increasingly challenged by feeding the growing world population,...
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FAO: Food crisis tightens its grip on 19 ‘hunger hotspots’
The number of people facing acute food insecurity worldwide is expected to continue to rise precipitously, as the food crisis tightens its grip on 19 ‘hunger hotspots’ – driven by...
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248 enterprises participated in the MKIK’s sustainability entrepreneurship attitude formation program
The sub-program aimed at forming a sustainable entrepreneurial attitude has been concluded, in which 248 enterprises and 46 mentor companies participated; according to the plans, the program will continue –...
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We help the food security of countries in need with scholarships
“Our country provides important agricultural knowledge that can be used on a daily basis to food professionals in developing countries. The problems must be solved locally, and with this successful...
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The Poultry animal welfare subsidy can also be applied for with already existing flocks
The Ministry of Agriculture draws applicants’ attention to the fact that the VP3-14.1.4-22 Poultry animal welfare subsidy published on October 12, 2022 can also be applied for those flocks that...
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Croatia’s Studenac Acquires Toni Marketi Stores
Croatian retailer Studenac has announced the acquisition of the Toni Marketi chain, operated by Princeza Korina d.o.o., at the end of November 2022. The move will help Studenac strengthen its position...
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The time has come for farm transfer contracts in agriculture
A key question not only for agriculture, but for the entire Hungarian society and the countryside, is who will produce the food in the future – pointed out Zsolt Feldman,...
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KSH: Agricultural output value increased by 15 percent
The total output value of agriculture approached HUF 4,000 billion this year, which is 15 percent more than a year earlier. A 42 percent increase in prices contributed to the...
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Carrefour, Goggo Network Unveil Autonomous Delivery Trial
French retailer Carrefour has teamed up with autonomous delivery provider Goggo Network to test autonomous delivery of Carrefour Drive orders for residents of Plateau de Saclay, south of Paris. According...
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Protecting the quality of our waters is a V4 priority
Sustainable water management must be established in the long term, which creates a livable future not only for citizens, but also for farmers – emphasized Anikó Juhász, the Deputy Secretary...
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A criminal organization dealing in vegetable and fruit trade cheated half a billion HUF in VAT
A criminal organization involved in the fruit and vegetable trade cheated half a billion forints in VAT, nineteen suspects are being investigated for budget fraud by the National Tax and...
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It’s official: the government lifted the gas price freeze last night
Two days after the oil sanctions that came into force on Monday, the government – at the suggestion of Mol – will end the gas price freeze, announced Gergely Gulyás,...
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This year we started shopping earlier for Christmas and are thinking more about options
We are in the Advent season, but in previous years this did not mean that people started buying Christmas presents – yet it seems that this year there are more...
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Fewer companies would provide a cafeteria with the salary
K&H conducted a survey among Hungarian small and medium-sized enterprises (SMEs). The research reveals that compared to the previous quarter, the proportion of companies that plan to give fringe benefits...
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It came up that it would be possible to buy cold food again with a SZÉP card
Jobbik recommends that cold food can once again be purchased with a SZÉP card. Róbert Dudás, Jobbik’s vice-chairman and member of Parliament, said at his online press conference on Tuesday...
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The Kék Bolygó Foundation supports sustainability startups
The second round of the Kék Bolygó Climate Protection Foundation’s development program supporting startups has ended, start-ups promoting environmental sustainability with their activities presented their companies and market solutions to...
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Retail turnover in Romania increased by 4.5 percent in the first ten months
In Romania, according to raw data, the volume of retail trade increased by 4.5 percent in the first ten months of this year compared to the same period last year,...
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The decline in Czech retail sales accelerated in October
In the Czech Republic, retail sales have been declining for six months. In October, this decrease accelerated to 9.4 percent year-on-year from 5.3 percent in September, the Czech Statistical Office...
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Simple methods reduce food waste
Every year 14% of the food produced goes bad already before ending up on store shelves, and another 17% is thrown out by retailers and consumers. What is more, food...
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5+1 trends in the world of functional drinks
Supply chain issues, rising energy prices and labour shortage are all causing problems in the food and drink sector. Let’s see what long-term trends influence innovation work in the functional...
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The EU bans the marketing of products that contribute to deforestation and forest destruction
The European Parliament and the European Council, which brings together EU member states, would prevent the market distribution of products that contribute to deforestation and forest destruction by law, the...
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Hungarian Bankholding joined the UN Responsible Banking Guidelines initiative
Hungarian Bankholding joined the global cooperation established by the United Nations (UN) and was one of the first domestic banks to sign the Responsible Banking Guidelines, the financial institution informed...
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Lidl achieves ‘new record’ market share
Lidl has achieved a new record market share of 7.4%, while Aldi remains the fastest growing retailer with sales up 24.4%, according to new data by Kantar. Lidl reported a...
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The inspection campaign supporting businesses advertising drone plant protection services has ended
In the past period, the National Food Chain Safety Office (Nébih) has assisted crop protection service companies with spraying drones with supportive on-site inspections in order to provide services to...
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