Market News
György Raskó: after the price cap, the price of Trappist cheese may drop by up to HUF 1,000 per kilo
According to agricultural economist György Raskó, the price of Trappist cheese per kilo may drop by up to HUF 1,000 if the price cap is removed. In his interview with...
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K&H: At Takarékláng, innovation is at the doorstep of Hungarian companies
In the past two years, there has been hardly any change in the already restrained innovation activity of Hungarian companies. Research and development, innovation and environmentally friendly investments are mostly...
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Retail turnover in Romania increased by 4.4 percent last year
According to raw data, the volume of retail sales in Romania increased by 4.4 percent last year compared to the year 2021, the Romanian National Statistics Institute announced on Monday....
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US campuses: more plant-based food
Aramark, the largest food company in the United States, has announced a commitment to significantly increase the number of plant-based options on its higher education menus by 2025. In partnership...
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Interesting fact: there was a price cap on eggs 100 years ago, but it failed
RTL’s retro media watcher drew attention to an interesting coincidence: the government also ordered a price freeze on eggs in February 1923, but it did not last long. Indeed, on...
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MNB vice president: the number one “enemy” is inflation
In the current turbulent economic situation, inflation is the number one enemy for central banks worldwide – and especially in the region – said Mihály Patai, vice-president of the Magyar...
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BDO: Money laundering, terrorist financing: let’s avoid even the appearance of it!
A company that does not do everything to eliminate risks related to money laundering and terrorist financing risks a serious penalty of up to hundreds of millions of forints. The...
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(HU) Megérkezett Magyarország első tisztán elektromos nyergesvontatója
On February 2, 2023, Waberer’s International Nyrt. took delivery of the country’s newest environmentally friendly truck, the locally zero-emission electric Volvo FH, in a ceremonial press conference. This is another...
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Unilever halts Hellmann’s mayonnaise supplies to S.Africa as costs bite
Unilever has suspended sales of Hellmann’s mayonnaise to South Africa, the company and major retailers confirmed on Wednesday, due to the high cost of importing the product from the United...
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Mangalica, the connoisseur’s pig
In Hungary, pork consumption has increased recently, it has now reached 30 kilograms per person per year, and is in second place after the poultry sector – said Tamás Tarpataki,...
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Ed Sheeran posts viral canned wine TikTok
The Shape of You singer showed support for alternative packaging by sharing a humorous TikTok showing the lengths he was prepared to go to to protect his favourite wine. The...
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French Retailer Casino Says It Is In Alliance Talks With Teract
French retailers Casino and Teract have begun exploratory discussions that could lead to the combination of the two groups’ distribution activities in France within a single entity controlled by Casino....
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Our country orders strict controls for grains coming from Ukraine
The Hungarian government protects Hungarian producers against the inaction of Brussels, which is why our country orders strict quality and food chain safety checks for grains coming from Ukraine, said...
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Government spokesperson: there is no escape from the price cap rules
There is no escape from the price cap rules, the government still expects traders to comply with them – said the government spokesman at a press conference in Budapest on...
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There are already four types of insects that can be included in domestic food
Based on the recent decision of the European Commission, together with house crickets, there are already four types of insects that can appear commercially as food and as food ingredients...
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Sörszövetség: the turnover of Hungarian beer producers increased last year, but did not reach the pre-pandemic level
The sales of Hungarian beer industry companies increased last year compared to the previous year, but still fell short of 2019, domestic production in 2022 was close to the 2021...
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Publicus: this is what Hungarian customers really think about the food price cap
The Publicus Institute conducted a recent survey among the population, which revealed many things about the topic. The poll revealed that Hungarian motorists would no longer get into a car...
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Will the price of sugar double when the price cap is over? Analysts circle the topic
It is not yet known how food prices will change if the price cap is removed. Analysts have different opinions. “It’s not easy to predict how big the price increase...
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Basic food is also cheaper in German stores than here
According to RTL’s summary, milk in Germany costs HUF 280-350, toast bread costs HUF 581, and sour cream costs HUF 269. Cow curd is very cheap, only HUF 292. 10...
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More vegan products, the same amount of meat
Researchers say supermarkets “play an important role” in encouraging consumers to choose plant-based foods. What is more, during Veganuary 2021 the researchers at the University of Surrey discovered: while the...
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Important date and developments: next week, the antibiotic use reporting system will restart
After a significant “stitching up of wrinkles”, those affected can use the system for reporting antibiotic use again from the middle of next week. Veterinarians and their authorized representatives will...
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Márton Nagy: the government will launch a capital program soon
He highlighted: the program targeting capital funds will be presented to the government in the coming weeks; it will also cover green investments and capacity expansion. “Positive surprises” may hit...
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From January, the electronic spraying diary must be kept on the Nébih surface
The electronic spraying log is integrated into the Nébih electronic management log (e-GN) system. Starting January 1*, farmers with a total area of more than 10 hectares must keep an...
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Intrum: most Hungarians save on their stomachs
According to Intrum’s 2022 European Consumer Payments Survey (ECPR), about a third of society in Hungary is increasingly cut off financially: in the second half of 2022, 31.4 percent said...
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Two and a half times more mobile payments
In the second quarter of 2022, 364 million purchases were made using bank cards issued in Hungary, which was 29% more than in the same period of 2021. The number...
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Global food prices fell in January, according to the FAO
According to data published on the website of the Food and Agriculture Organization of the United Nations (FAO) on Friday, the overall price index was 131.2 points in January, which...
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A good brandy is a real economic value
Hungarian brandy has achieved success for itself, and it is no coincidence that it is considered the number one Hungarian brandy, said Minister of Agriculture István Nagy at the award...
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(HU) Nincs még meg az Amazonnak a szupermarketek sikerreceptje
Amazon.com Inc, the online retailer long feared to disrupt the grocery sector, believes it has fallen short. The company has paused expansion of its Fresh supermarkets and cashier-less convenience stores...
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Farmers must pay attention to new rules in order to receive subsidies
In accordance with EU regulations, compared to the previous ones, sustainability has been given a more significant role in the new Common Agricultural Policy (CAP), but at the same time,...
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German Retailer REWE Rolls Out Hydrogen Truck
German retailer REWE has rolled out its first hydrogen-powered truck from its west region logistics centre in Cologne-Langelas. The move is part of the retailer’s efforts to reduce emissions across...
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