Market News

Dunapack works mainly from recycled paper, and the supply of raw materials is guaranteed

Dunapack decided two years ago to build the group’s most modern corrugated packaging plant, as always, considering sustainability as key to future business development. The gradual ramp-up of production will...

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Many people launch new companies in Dubai after KATA

The changes in the itemized tax of low-tax businesses, i.e. the kata, encourage many involved entrepreneurs to rethink their operations and how they could continue their activities so that the...

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The purchase price of elderberry fell to a quarter of last year’s price

Instead of last year’s price of 600-800 forints, buyers are offering only 150-200 forints for a kilogram of elderberry this year, despite the fact that due to the severe drought,...

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The plum season is in full swing: despite the spring frost and the summer drought, the harvest is close to average

The European Fresh Team – the educational program of the National Chamber of Agriculture promoting the consumption of vegetables and fruits – and its athlete ambassador, Attila Valter, got to...

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Italian farmers are in trouble, Italian food specialties may disappear from the shops

Italy’s largest farmers’ union, Coldiretti, says immediate measures are needed to save the agri-food industry. The organization invited Minister of Economy Daniele Franco and Minister of Economic Development Giancarlo Giorgetti...

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The environmental assessment document of the KAP Strategic Plan can be commented on

The Ministry of Agriculture released the KAP Strategic Plan’s environmental assessment document for public debate. Deadline for comments: October 3, 2022. The Ministry of Agriculture prepared the KAP Strategic Plan,...

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The cabinet can decide the fate of the price cap as early as this weekend

Will the price cap remain or will a new world come from October? According to VG, there is a good chance that the cabinet will meet this weekend. Next week...

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There is a huge shortage of sugar in domestic stores due to the price cap

Granulated sugar has been in short supply in many stores for weeks – we learn from RTL Híradó. In a chain store in Budapest, they don’t even know when they...

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McKinsey: The digital economy in Hungary has expanded by 50 percent in four years

The performance of the digital economy in Hungary increased by 50 percent, from 6.6 billion euros to 9.8 billion euros, between 2017 and 2021, according to the McKinsey consulting firm’s...

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President Biden issues executive order supporting the advancement of alternative proteins

This week, President Biden signed an executive order aimed at advancing US leadership in biotechnology and biomanufacturing, which includes exploring new innovations in the agricultural sector, and specifically mentions the advancement of...

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Premiumisation postponed

COVID-19 brought a growth in both coffee value and volume sales, because people spent more time at home. In 2022 coffee companies had to increase prices due to global economic...

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New-wave Hungarian honeys

And let there be Flower Peace! Honeys that are delicious, honeys that are quality, honeys that are different! These are the products of the new-wave Hungarian honey brand, Virágbéke Mez...

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DHL’s Global Trade Atlas analyses data from 173 countries

DHL and NYU Stern School of Business have published the new DHL Trade Growth Atlas, which maps the most important trends and prospects of global trade in goods. The report covers 173 countries, providing...

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Product innovation gains momentum at Gergely Food

Traditions and reforms: both of them are characteristic of the product innovation work by 100% Hungarian-owned Gergely Food Kft. The company even does market research to be familiar with the...

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The price increase in the construction industry is enormous, it is worth postponing investments

The increase in prices in the construction industry was more than double the increase in consumer prices in the first half of this year compared to the same period last...

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According to the OVF, this year’s drought was severe, but not extraordinary

Although this year’s drought was very severe, it cannot be considered extraordinary: droughts of similar severity occur in Hungary every 20-50 years – states the National Water Directorate General (OVF)...

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Plant science research technology was developed at the Georgikon in Keszthely

Technological development, which includes high-tech elements and serves research and agricultural purposes, was carried out with an investment of more than HUF 900 million at the Georgikon Campus of the...

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UK Food and Beverage Sector Buyouts Sees Almost 30% Decline

Merger and acquisition deals within the UK’s food and beverage sector have dropped by 29% following a difficult trading environment which has seen retailers increasing prices to mitigate inflationary cost...

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Fighting drought is a strategic issue

In addition to Hungary’s climate conditions, the fight against drought is a strategic issue at the level of the national economy, the Minister of Agriculture said on Thursday in Nádudvar....

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Starbucks considers selling its UK business

Starbucks is exploring a sale of its UK business, as costs are skyrocketing and competition is getting stronger. The coffee chain has hired adviser Houlihan Lokey to find parties interested...

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The PRRS exemption can only be preserved with the awareness of livestock keepers

Thanks to many years of persistent and consistent work, at the beginning of this year we succeeded in achieving the freedom of Hungary from porcine reproductive disorders and respiratory symptoms...

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Food Inflation is Holding Up – Consumers Find Increasingly Difficult to Cope With

Food inflation remains extremely high and consumers are feeling the pain. They are making changes to their restaurant engagement as well as their grocery purchases, according to the August IRI...

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ALDI-inspired youthful dresses have arrived

A new clothing range is added to ALDI’s offer. The seasonal items feature the company’s iconic logo and everyone can find a fashionable outfit or footwear to suit their taste....

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According to László Parragh, the closing of shops on Sunday is within reach

The Hungarian Chamber of Commerce and Industry made suggestions to the government on how businesses could be helped in their fight against skyrocketing energy prices. The president of the chamber...

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K&H: The lack of professionals and exchange rate fluctuations hinder the operation of SMEs the most

Exchange rate changes are causing more and more problems for domestic businesses, according to the results of the second quarter of the K&H SME confidence index. After the shortage of...

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High Cost of Living Prevents 65% of People to Adopt a More Sustainable Lifestyle

The cost-of-living crisis is making it harder for people to live more sustainably as 65% want to be mindful of the planet and the environment but say higher prices prevents...

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There is a high demand for milk at the price cap, it is hardly available

In many places, you can’t get milk at the official price. Viewers of RTL Híradó sent footage of empty shelves from several locations, and rural customers also complained about this...

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In every era processed meats are in line with the trends

The ingredient and energy price increase has reached the category of processed meats too, which translated into higher consumer prices this year. Salami sales could grow in both value and...

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The drought is so severe that the trees are begging the dogs! – online discourse on drought

After the dry months behind us, autumn and rainy weather finally arrived with the first of September. Based on the online discourse of the past year, the research team of...

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Manpower: more than a quarter of domestic companies plan layoffs in the fourth quarter

For the first time since the first period of the Covid-19 epidemic, more companies operating in Hungary are planning to lay off workers than to increase staff. In the next...

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