Market News

Hungary’s Sugar-Free Cake is not only grandma’s favorite

The creation of the Virág Cukrászda és Kávéház in Szeged, made without added sugar, won the Sugar-Free Cake of Hungary competition, which is announced every year by the Egy Csepp...

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Would you have thought? It reduces food waste if there is no expiration date on the packaging!

The shelf life refers to the quality of the food and suggests when the taste and texture of the product will be optimal. But there is no need to rely...

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August is also the month of domestic products this year

On the initiative of Magyar Termék Nonprofit Kft., August is also the month of Hungarian products this year, the organization announced on Tuesday. The campaign this year is for Abonett...

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Fertilizer sales were interrupted in the second quarter

In the second quarter, fertilizer sales in Hungary decreased by 44 percent compared to the same period of the previous year, while sales prices rose by 2.2-3.8 times – read...

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Carbon labels prove cool for schools

Sodexo has introduced carbon-labelled school meals at 12 secondary academies following a successful trial earlier this year. The catering firm used CO2e labelling app Klimato to calculate the carbon footprint...

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BIOFACH lessons 2.: In Hungary, drought is the main problem in addition to the energy crisis

The main theme of the 33rd BIOFACH International Bio-Food and Bio-Goods Trade Fair held in Nuremberg this time was climate change, and at the forum organized by ÖMKi, experts mainly...

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Morrisons is the first supermarket to launch carbon neutral eggs

Morrisons has become the first supermarket to launch its own range of carbon neutral eggs. The move is part of the Big 4 grocer’s commitment to be directly supplied by ‘zero emission’...

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Lessons learned from the 33rd BIOFACH international bio fair

For the tenth time, the Ecological Agricultural Research Institute (ÖMKi) organized the East-Central Europe section at the world’s leading organic fair. Hungary is recognized as the regional flag-bearer at the...

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(HU) Megtört a jég: a háború kezdete óta elindulhatott az első ukrajnai gabonaszállítmány

Since the war in Ukraine, which began on February 24, the country has not delivered grain, even though Ukrainian wheat and corn are in great demand worldwide. Now, however, a...

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According to the latest surveys, this is the reason why our everyday life has become so much more expensive

In May, the value of exports expressed in euros increased by 29.5 percent, that of imports by 31.4 percent, the liabilities were 95 million euros, the balance worsened by 166...

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Retail sales in Germany fell to a record level in June

In June, retail sales in Germany decreased more than ever in real terms compared to a year earlier, but in nominal terms the decline remained below 1 percent, according to...

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Heineken Posts Strong First Half, Drops 2023 Margin Target

Heineken has posted higher-than-expected first-half earnings, as consumers bought more beer despite inflationary pressures, but the world’s second-largest brewer shelved its margin target for 2023 as costs spiked. The brewer of...

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BMI: Steady growth in July

The seasonally adjusted July value of the Purchasing Manager Index (BMI): 57.8. Compared to the previous July values, this year’s value is higher than the long-term average for this month...

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This is what families spent their tax-return on

At the beginning of this year, parents of children received a refund of the amount of personal income tax for the previous year. The affected households received different amounts, according...

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The use of waterless products in personal care launches is increasing globally

The use of waterless products in personal care launches is increasing globally, featuring a + 157 year-over-year increase when comparing 2020 and 2021 launches. In 2021, the top category of...

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Hungary can be one of the first to advertise on TikTok

Anyone who thinks that text and image ads are still the key to successful sales is wrong. TikTok is gaining ground and gathering users in our country at an amazing...

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Proposals have been received from Greenpeace to reduce plastic packaging in food stores

Greenpeace also prepared its publication for food stores in Hungarian, in which the green organization, referring primarily to British examples, formulates professional recommendations on how the disposable plastic packaging used...

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Grocers and food brands take older consumers for granted

In an opinion column for Advertising Age, Pamela Millman, associate director, Integrated Marketing at AARP Media, writes that the over-50 crowd buys 54 percent of all groceries in the U.S. and...

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One step ahead – AGÓRA Conference

Significant changes have accured recently in the world economy, affecting Hungarian companies too: inflation, energy prices, sustainability issues. The annual traditional conference of Magyar Termék Nonprofit Kft. focuses on and...

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The Drought Emergency Task Force proposed a five-point action plan

As we wrote about earlier, a separate operative group will deal with the emergency due to the drought. Hungary is hit by a historic drought. The government and the Ministry...

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Company cars are excluded from the gas price freeze: about 800,000 cars are affected by the new law

Portfolio has learned from sources close to the government that about 20% of passenger cars may be company-owned cars, which could mean about 800,000 cars. Since these cars can run...

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German asparagus is not affected by the weather, but consumers are buying less of it

According to the crop estimate of the German Federal Statistical Office, Destatis, the volume of the German asparagus crop in 2022 was 113,000 tons, which is the smallest amount in...

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Mihály Varga: companies can pay the tax in euros and dollars

The government has decided on tax relief: companies can pay corporate tax and business tax not only in forints, but also in euros. The news was posted by Mihály Varga...

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AM: the government decided on HUF 15 billion EU development support for domestic food industry plants

As a result of the call for complex development of food plants, four Hungarian food industry enterprises will receive a total of HUF 15 billion worth of development resources as...

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According to experts, autumn brings new food price increases

Hungarian households cannot expect much good from this fall. Dávid Németh, the chief economist of Aa K&H Bank, talked about the possibility of further food price increases in the Spirit...

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Experts: the number of severe drought years in Hungary may continue to increase until the end of the century

In a large area, this year is expected to be the most severe drought in the last 50 years in Hungary, and the number of severe drought years may continue...

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Going back to school will also be much more expensive this year

Families will be able to buy notebooks and other paper industry products 40-50 percent more expensive at the start of school than at the beginning of the year, and a...

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(HU) Agrárminisztérium: befejezéshez közelednek a nyári aratási munkák

Due to the high heat and the extreme drought, the harvest of the ears of corn was completed earlier this year. The yields of field crops fall short of the...

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Bees are starving: there is not enough nectar and pollen due to the drought

The months-long drought is causing serious problems not only for people living in agriculture, but also for beekeepers. In drought, the flowers barely produce nectar and pollen, so the bees...

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Even on Svalbard, everything is full of plastic

According to experts, the fact that plastic breaks down into particles over time and accumulates everywhere in nature is a huge danger. Even in Svalbard, everything is full of plastic,...

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