Market News
A significant increase in the price of bread is coming
Bakers have announced another significant price increase. The president of their association said that from October, the majority of baking plants will pay ten times as much for energy as...
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Soon, you won’t be able to pay with this SZÉP card anywhere
For eleven years now, since the summer of 2011, the Széchenyi Pihenő card, commonly known as the SZÉP card, has been a part of our lives. This form of fringe...
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This is how governments try to help during the crisis in Europe
The record rise in inflation in Europe has led to a crisis of living. While in Hungary they just decided to increase utility costs and “reduce utilities”, other European countries...
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Retail chains may be the future for small-scale beer
The supermarket chain is committed to bringing the quality products of domestic small-scale breweries closer to consumers, thereby providing an alternative to quality instead of quantity consumption. The latest step...
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This is the most expensive place in Europe to get your shopping done
The entire world is affected by marked inflation: the strongest economies are no exception. Just like here, food prices are rising the fastest in England, Germany and the United States....
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Ministry of Agriculture: Hungary is an agricultural country that loves honey and bees
The entire Hungarian society highly values the work of Hungarian beekeepers, who make one of the most nutritious and valuable foods in the world available to us, Minister of Agriculture...
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The Ministry of Agriculture has set a new goal for the Hungarian food industry
Despite the difficulties of the past months, the domestic food chain proved its readiness, performance and safe operation even during the pandemic, which is also thanks to the exemplary cooperation...
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A ticket system could be used instead of a price cap
Although it is currently not possible to speak of a systemic food shortage in Hungary, customer experience shows that empty shelves can be found periodically and locally, especially in relation...
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Brutal increase in price! Producers would raise the price of eggs by HUF ten from September
Due to the rising energy and feed prices, as well as the constantly increasing production costs, egg producers will be forced to increase the producer price by ten forints per...
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In May-July, the total number of employees was 4,699,000
Employment remains at a peak, 57,000 new jobs were created in the domestic primary labor market in one year, the number of public employees decreased by 11,000, and the number...
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A comprehensive grape harvest inspection has started in Hungary
A comprehensive grape harvest inspection began today – announced Zsolt Feldman, the state secretary responsible for agriculture and rural development. The authorities, with the cooperation of the National Tax and...
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The volume of coffee exports increased, but national data differ
World coffee exports amounted to 11.11 million bags in June 2022, compared with 10.97 million in June 2021. Exports in the first nine months of coffee year 2021/22 (October/21 to...
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The crisis did not stop company acquisitions
Despite the financial and geopolitical difficulties, the international transaction market is standing its ground, which is mostly driven by private equity investments, according to EY’s international study evaluating corporate mergers...
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The income of McDonald’s in Hungary increased enormously
The sales revenue of the Progress Restaurant chain, which operates McDonald’s restaurants in Hungary, was HUF 32.25 billion in the first six months of the year, which is an annual...
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Hungarians try to save a lot, but wouldn’t get rid of their cars
Nearly 60% of Hungarians expect higher electricity and gas bills in the fall, while a household with an average income could only manage HUF 3,000-3,000 extra per month. In terms...
Read moreLidl tells UK farmers it will take drought-affected fresh produce
Lidl will sell “stunted” fruit and vegetables affected by the drought to support farmers and ensure food does not go to waste. The supermarket chain has written to its UK fresh...
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That’s the way Hungarian are planning to save a lot
Hungarian internet users are not too optimistic about the rest of the year, more than three-quarters of them expect their financial situation to deteriorate – mfor.hu points out based on...
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US to overhaul nutrition policy after 53 years
The US task force on hunger, nutrition and health has submitted a consensus report with recommendations to the White House on how to improve nutrition, end food insecurity and reduce...
Read moreOVF: the drought has eased, the need for irrigation has decreased
Due to the wetter weather of the last few days and the amount of water coming from the watersheds of the large rivers, the drought has eased, and in addition,...
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Attention! The previously declared drought situation also helps the producers
The Minister of Agriculture announced a drought situation for the entire territory of Hungary. In a departure from the previous practice, the drought situation declared at the end of the...
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Six things about beer cans that few people know
In the heat of summer and during festivals, people pick up hundreds of thousands of metal beverage containers – or as everyone calls them: beer cans – in order to...
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Sales in the Italian FMCG sector increased by 8% compared to last year
The turnover in the Italian FMCG sector reached €11.8 billion in June 2022, growing by 8% on last year’s performance and 5.2% on a like-for-like basis, according to Nielsen IQ...
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Could the price cap be over? This is the opinion of the constitutional lawyer and the agricultural economist
As we wrote about earlier, the Hungarian store chains joined forces: they challenged the price cap at the Constitutional Court. ATV now asked constitutional lawyer István Lövétei and agricultural economist...
Read moreFood has become more and more expensive in Hungary in recent years
While in July 2020, compared to the same period of the previous year, the price of food increased by 7.8%, this seemed to moderate by 2021, when the price increase...
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MAGOSZ: You can’t arbitrarily raise land rents
Deviations from the average profit wage must be justified by the parties in advance in the contract. MAGOSZ wrote in a social media post about how to request a higher...
Read moreWe have no good news, it turned out that this is how much wheat and corn actually cost in Hungary
According to the AKI PÁIR data, grain prices have run wild in Hungary, as in the rest of the European Union. In its August forecast, the International Grains Council (IGC)...
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This is how the shops played tricks because of the price freeze
Magyar Nemzet reported that some of the shops do not comply with the price cap, so 14 percent of the official inspections carried out until August revealed violations. Most of...
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Ministry of Agriculture: Turkish-Hungarian agricultural relations must be further strengthened
There are further opportunities in the Turkish-Hungarian agribusiness relations – Minister of Agriculture István Nagy stated, according to the ministry’s statement, after he met with his Turkish counterpart Váhit Kiriscsi...
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We will not be freed from the grip of the drought for at least another quarter year
Some parts of drought-stricken Europe can look forward to a warmer, drier period than usual for another three months, the European Union noted in its report on Wednesday. According to...
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Will people born after 2010 no longer be able to buy tobacco products in the EU?
The European citizens’ initiative called “Call to achieve a smoke-free environment and the first European smoke-free generation by 2030” will be registered, the European Commission announced on Wednesday. The organizers...
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