Market News

Tesco launches match-and-mix deal to save plastic

Tesco has ditched the wrapping on its own-brand juice cartons, water bottles and fizzy drinks in a bid to achieve its sustainability goal of saving 45 million pieces of plastic...

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Three Hungarian companies made one and a half billion HUF investments in the metal industry

The consortium of Csaba Metál Zrt., Csaba Tool Kft. and Droidx Kft. carried out a metal industry investment of one and a half billion forints – the tender writer Prospera...

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The economic index of the GKI slowed down in July, but continued to decrease

In July, the GKI economic index fell to its lowest level in more than a year, not seen since last March. According to a survey conducted by GKI Gazdaságkutátó –...

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Vote for your favorite “Free from products place” for guaranteed discounts!

menteshelyek.hu is a collection of places that offer Paleo, vegan, sugar-free, regenor, milk protein-free, lactose-free, carbohydrate-reduced and gluten-free meals, as well as establishments that manufacture, cater and distribute “free from”...

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KSH: Budapest had the highest employment rate in the first quarter

In the first quarter, Budapest had the highest employment rate of 79.9 percent, and Somogy County the lowest with 66.3 percent – according to the publication of the Central Statistical...

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The Ministry of Agriculture negotiated with insurance companies about drought damage

Feldman Zsolt, the Secretary of State responsible for agriculture and rural development of the Ministry of Agriculture, held a consultation with the representatives of the insurance companies operating in Hungary...

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The German economy fell back

In July, the performance of the German economy unexpectedly began to decline, according to the preliminary results of the survey published on Friday by the London-based S&P Global economic research...

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The performance of the American economy decreased in July

The performance of the American economy decreased in July based on the preliminary evaluation of the purchasing manager index of the S&P Global Market Intelligence economic research institute. In the...

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Ministry of Agriculture: farmers can be exempted from their obligations if they suffer drought damage

Hungary is being hit by a drought on a historic scale, Hungarian farmers are helped by several previously created legal regulations in such a situation, the Ministry of Agriculture told...

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Mihály Varga: it is favorable that Fitch Ratings confirmed Hungary’s rating despite the war crisis

It is good that Fitch Ratings has confirmed Hungary’s classification despite the war crisis and European recession fears, and continues to recommend Hungary for investment with a stable outlook –...

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A scheduled irrigation schedule is established by the National Directorate General of Water

In order to deal with the drought situation, the National Water Directorate General (OVF) is creating a scheduled irrigation schedule in addition to technical interventions, and in order to eradicate...

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Domestic food safety is still not in danger, according to experts

In addition to the high production costs and the uncertain economic environment, the drought is now making the situation of the producers more difficult, but food safety in Hungary is...

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Want to save the planet? Eat protein from mushrooms and algea instead of red meat

Replacing just one fifth of the red meat we eat with microbial proteins derived from fungi or algae could reduce annual deforestation by a massive 56 % come 2050, according...

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The export and import of live pigs also decreased

The situation in the Hungarian pig sector is becoming more and more serious. In the first four months of 2022 both the export and import of live pigs decreased significantly,...

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Századvég: the war continues to leave its mark on the economy

Based on the July survey of the Századvég Konjunktúrakutató, the population’s and businesses’ sense of the economic situation both worsened: the population index, interpreted on a scale between minus 100...

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The ECB raised the benchmark euro interest rate by 50 basis points

The Governing Council of the European Central Bank (ECB) decided on Thursday to raise all three key interest rates by 50 basis points and approved the new transmission protection instrument...

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Nearly 29,000 farms are affected by the Dutch government’s plans to reduce nitrogen emissions

According to the calculations of the Dutch Ministry of Finance, 11,200 livestock farms would have to be closed and another 17,600 would have to reduce the number of animals they...

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The growth rate of food prices will already exceed incomes this year

We will start to feel the effects of the war in food prices in the quarter of 2022, and the effects of the Covid crisis are currently still visible. Food...

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Heatflation: How high temperatures drive up food prices

Soaring temperatures in Europe have impacted agricultural production and look set to have a knock-on effect on food costs. As warmer weather becomes the norm, will “heatflation” become a regular...

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Sustainability and competitiveness are incentives for agriculture – a lesson learned from the CSR Afternoon

At the CSR Afternoon organized on July 19, 2022, CSR Hungary and Hipp Kft.’s event on social responsibility and sustainable agriculture, in Hanságliget, the focus was on sustainability and competitiveness...

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Capgemini Research Institute: 34% of employees plan to leave their current job within a year

According to international research examining employee experience within companies, managers are overly optimistic about their employees’ job satisfaction. 28% of non-managerial employees claim that they feel comfortable at work, while...

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New energy prices are challenging everyone

Although we knew this in advance, it still hurts now that we cannot maintain the level of energy prices moderated by utility cost reduction. However government does not release the...

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How The Frozen Food Category Is Seeking To ‘Sustain Its Strength’ After COVID-19?

Like every sector of grocery retail, frozen food has been impacted by the looming threats posed by rising inflation affecting costs at every level, concerns over a strained supply chain,...

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30 new Kulcs Quality Pharmacies waiting for customers across the country

At Kulcs Pharmacies, the biggest pharmacy transformation series of all time has reached a major milestone. In July 2022, the number of pharmacies that offer premium service, have earned the...

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The speakers of the Free University analysed the slowdown in the economy, agricultural self-sufficiency and issues of minority rights

Speakers of the 31st Bálványosi Summer University and Student Camp held lectures on the expected economic recession, the importance of agricultural self-sufficiency, and the issue of minority rights in Tusnádfürdő...

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This is the reason why there are problems with the sugar supply

Although there is currently no question of a nationwide and permanent sugar shortage in Hungary, according to the largest retail chains, many people really perceive it well, and in some...

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KSH: GDP last year also exceeded the pre-pandemic level

Hungary’s gross domestic product (GDP) was higher last year than the year before the coronavirus pandemic, the Central Statistical Office (KSH) announced on Wednesday, in connection with its publication “Hungary,...

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K&H: the number of young people with loans has decreased

The number of young people with loans has decreased in Hungary based on this year’s representative survey prepared for the youth index of K&H Bank, the bank informed MTI. According...

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Nestlé To Develop Immunotherapies For Food Allergies

Biopharmaceutical company Enterome has signed a strategic R&D collaboration and license agreement with Nestlé Health Science targeting food allergies and inflammatory bowel disease (IBD). Enterome is a clinical stage biopharmaceutical company developing...

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Consumer confidence in the euro area and the EU deteriorated in July

Consumer confidence in the euro area deteriorated more than expected in July. On Wednesday, the European Commission announced as preliminary data that the value of the consumer confidence index in...

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