Market News
Róbert Zsigó promises serious control of margin restrictions
We will protect families and pensioners, we will prevent unjustified price increases – emphasized the Parliamentary State Secretary of the Ministry of Culture and Innovation in a video uploaded to...
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Hungarian companies must answer sustainability questions
Hungarian companies have only a few months to prepare: from July 1 this year, banks will have to collect more and more data and information from their corporate loan clients...
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We have something to lose and protect
It is important to draw the attention of Hungarian farmers to the fact that we have something to lose and protect, the Minister of Agriculture stated on Tuesday, at the...
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Could the foot-and-mouth disease epidemic further worsen store prices?
After fifty years, foot-and-mouth disease has reappeared in Hungary, which could have serious economic consequences. Although consumers are not yet feeling the impact on food prices, the export market is...
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The price of imported salads has increased
According to KSH data, Hungary’s head lettuce imports decreased by 4 percent (to 1,050 tons) in 2024 compared to the previous year. Spain remained the largest supplier, from which 375...
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Here is NAV’s 2025 audit plan – new forms of audit, new areas in focus
The NAV 2025 audit plan has been published, in which, similarly to the previous year, the differentiated, risk-based approach is given a prominent role. NAV is further refining the process...
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NAV will pay attention to these professions
The National Tax and Customs Administration (NAV)’s 2025 audit strategy is based on the efficient use of data assets, the incorporation of audit experience, and the monitoring of taxpayer life...
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How does generative AI think? Szeged researchers are looking for answers to the secrets of chatbots
Artificial intelligence (AI) helps us with more and more tasks in our everyday lives, but what happens in the “head” of a chatbot when it answers a question or interprets...
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Several domestic wineries accused of serious fraud
The Budapest Prosecutor’s Office has indicted eleven people, including the head of a renowned winery in Szekszárd, in a major budget fraud case. The people involved tried to obtain domestic...
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Investment is the right answer to challenges
Investment is the only right answer to challenges and crises in agriculture, István Nagy said on Tuesday in Budapest, on the occasion of the handover of the supporting documents for...
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Lipton enters kombucha market with flavoured trio
Iced tea brand Lipton has added a three-strong range of flavoured kombuchas. Cans in Strawberry Mint, Raspberry and Mango Passionfruit have rolled out in Morrisons, Sainsbury’s, WHSmith and on Amazon...
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Consumer confidence in branded products is growing again in Germany
The popularity of private label products has somewhat waned and fewer consumers consider them an equivalent alternative to branded products, Lebensmittelpraxis reports citing the latest research by consultancy firm Smartcon...
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Wheat prices have risen significantly
In its February forecast, the International Grains Council indicated a global wheat harvest of 797 million tons for the 2024/2025 marketing year, 2 million tons more than the previous season....
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Mercadona Becomes Fourth Largest Retailer In Portugal
Mercadona reported the highest market share growth in 2024 in the Portuguese grocery market to become the fourth-largest retailer. According to Kantar data published by daily Expansion, the Spanish chain...
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Bird flu has reappeared in Csongrád-Csanád County
The laboratory of the National Food Chain Safety Office (Nébih) has detected the presence of the bird flu virus in Csongrád-Csanád County. The liquidation of the affected herd has begun...
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KSH: in February consumer prices exceeded those of a year earlier by an average of 5.6 percent
In February 2025, consumer prices were 5.6 percent higher than a year earlier. Consumer prices rose by 0.8 percent on average in one month, with food prices rising by 1.2...
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Viktor Orbán is also upset about the price increases
Enough is enough, we will put an end to unjustified price increases – the prime minister announced on his social media page on Tuesday. In a video shared on his...
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Price Cap on 30 Essential Food Products: Government’s Strategy to Curb Inflation
The Hungarian government has announced another price control measure in the food sector. On Tuesday, Prime Minister Viktor Orbán revealed that, starting in mid-March, a price cap will be imposed...
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The OKSZ Takes a Stand on the Margin Cap Regulation
Regarding the government’s proposed price regulation measure, the National Trade Association (OKSZ) believes that competition-based pricing is the most effective way to preserve and strengthen consumers’ purchasing power while achieving...
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NGM: we are fighting against unjustified price increases
The government is constantly working to make families’ money worth more and to be able to manage more. The government is therefore monitoring the development of prices, especially food prices,...
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Another unpleasant inflation surprise
Despite the expected slight slowdown, inflation continued to rise in February, according to data published this morning by the Hungarian Central Statistical Office (KSH). Consumer prices rose by 0.8 percent...
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Brand fraud by country – this is what the law says about dual food quality
The issue of dual food quality has received increasing attention in recent years in the European Union and Hungary. With the change in legal regulations and the strengthening of consumer...
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Helia-D development team participates in prestigious international research project
Hungary’s iconic cosmetics brand, Helia-D, has been invited to participate in a prestigious, multi-year international research project that is pioneering sustainable industrial innovation. As the sole representative of the Hungarian...
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The renaissance of the beetroot: a superfood in the kitchen and garden
Beetroot has been growing in popularity in recent years, thanks to its versatility and outstanding health benefits. This easy-to-grow root vegetable is grown in an increasing area in our country...
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Consumers mainly use generative AI to search for products
Generative AI is more and more popular among shoppers who would like to see a stronger presence for the technology in their shopping experience. This article is available for reading...
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Consumers want AI labelling on food packaging
According to a recent survey, commissioned by Ingredient Communications and conducted by SurveyGoo in the UK and US in October 2024, 83% of consumers are of the opinion that labels...
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Solar panels installed in greenhouses can make crop production more efficient
A solar panel product line is being jointly developed by Terrán Roof Tile Manufacturer Ltd., Solar Napelem Ltd. and the University of Pécs (PTE) as part of a project that...
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Inflation in the Czech Republic decreased in February
Annual inflation in the Czech Republic fell to 2.7 percent in February from 2.8 percent in January, the Czech Statistical Office announced on Tuesday in Prague. The decrease was primarily...
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LG’s new air conditioner uses artificial intelligence to analyze user habits
LG has introduced its new ARTCOOL™ AI Air cooling and heating air conditioner. The elegantly designed residential air conditioner uses artificial intelligence to analyze user habits to provide personalized operation...
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Self-heating plant-based food box wins innovation award
Students from the Royal Melbourne Institute of Technology in Australia and Wageningen University in the Netherlands have won the top prize in the 2024 ProVeg Food Innovation Challenge, with a...
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