Market News
AM: The new national aquaculture strategic plan will be adopted soon
The new National Aquaculture Strategic Plan, which aims to develop small-scale fisheries, will be adopted soon, the Deputy Secretary of State of the Ministry of Agriculture said at the 46th....
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Eastern EU Member States are hit hardest by rising food prices
The eastern member states of the European Union are hit hardest by rising food prices, the German Federal Statistical Office (Destatis) said in an analysis on Wednesday. According to...
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Profession.hu: three-quarters of those who leave do not plan to return to their original profession
There are almost two million dropouts in Hungary, three-quarters of them are sure that they will no longer work in their previous profession, only a quarter of dropouts are planning...
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AM: EU agriculture ministers discuss food security
The European Union has a moral and economic duty to increase its agricultural production, but it is essential to rethink the measures that will reduce production, Feldman Zsolt said in...
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The German economy has not yet reached pre-pandemic levels
Germany’s gross domestic product (GDP) was 0.9 percent lower in the first quarter of this year than in the fourth quarter before the coronavirus pandemic, the Federal Statistical Office (Destatis)...
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Protection is an investment in the agriculture of the future
Hungarian plant breeders have recently received more than HUF 1 billion in funding through the Variety Protection Non-Profit Ltd. The resource makes a major contribution to their breeding-related research and...
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MLSZKSZ: 5 million tons of grain could come from Ukraine via Hungary every year
In Hungary, along the border – in Záhony and Fényeslitke – there is already a significant transhipment capacity, which, however, can be used to a very limited extent due to...
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(HU) Élelmiszerinnovációkért dolgozik a MATE és a PENNY
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Contactless shopping in a growing number of Maxima stores
In Riga Maxima Latvija makes its Skenē pats! (Scan it Yourself!) contactless shopping service available in all 15 Maxima stores. By using the retailer’s app, shoppers can scan the goods...
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Continente BIO adds more kombucha products
Portuguese retailer Continente has added two new SKUs to its kombucha range, in raspberry and coconut flavours. The products belong to the Continente BIO range, they are free from preservatives...
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(HU) Komoly régiós lemaradásban a magyar proptech szegmens
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Coface: Insolvency situation in the region has deteriorated
After declining in 2020, the number of corporate insolvencies increased in 2021 in Central and Eastern Europe (CEE), almost reaching pre-epidemic levels in most countries, according to a recent analysis...
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Alternative protein sources present at IFFA 2022, the world’s leading meat trade fair
IFFA 2022 took place last week, being historically one of the world’s oldest and leading international meat trade fair, where 860 exhibitors from 44 countries showcased innovations. Around 50,000 visitors from...
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Magazine: We snack more, but we also do it more consciously
After the pandemic chocolate and wafer bar sales started to grow again in 2021. Krisztina Nagyidai, Mondelez Hungária Kft.’s brand manager (countlines, Czech Republic, Hungary, Slovakia): “Private label sales dropped,...
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KSH: The average gross earnings were 511,400 HUF in March
In March, the average gross earnings of full-time employees were 511,400 HUF, and the average net earnings calculated taking into account the benefits were 352,200 HUF. Gross average earnings were...
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Hungarian melons are becoming significantly more expensive
Compared to last year’s price, the price of Hungarian melons may increase by 30-40 percent this year, and its price per kilo is not expected to fall below 170-180 forints...
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The outlook for the canning industry is also deteriorating due to market uncertainties
The prospects of the canning industry are significantly worsened by the market uncertainties that have not been experienced for decades, according to a summary published on the website of Fruitveb...
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Drought is still not easing in most parts of the country
Due to the uneven distribution of precipitation, the soil in the country is dry in many places, and national, soaking rain still does not come, so the drought will not...
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One-and-a-half-year low in the euro area PMI
Growth in the euro area’s economic performance slowed more significantly than expected in May, according to the preliminary value of the Purchasing Managers’ Index of the IHS Markit Economic Research...
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GDP growth in OECD countries slowed in the first quarter
The gross domestic product (GDP) of the countries belonging to the Organization for Economic Co-operation and Development (OECD) grew by 0.1 percent in the first quarter, compared with the previous...
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Factors in the activity of the British economy at a fifteen-month low
According to preliminary May activity indicators released on Tuesday, the pace of the UK economy’s recovery has slowed to an all-time low of fifteen months, mainly due to soaring inflation...
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(HU) Ultrakonzervatív a magyar vállalatok számlázási gyakorlata
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UK government’s HFSS restrictions delay
The UK government has announced a one-year delay to the proposed restrictions for foods high in fat, salt or sugar. It said restrictions would be pushed back following the unprecedented...
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PLMA’s 2022 “World of Private Label” International Trade Show in a week
As indicated in our previous article PLMA’s annual “World of Private Label” International Trade Show opens 31/May – 1/June. at the RAI Exhibition Center in Amsterdam Show time Organiser of...
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Hungarian innovation could bring a breakthrough against one of the viruses attacking tomatoes
The research group of Ecowian Magyarország Kft., which offers disinfection and cleaning solutions, and the biotechnology research institute of the Hungarian University of Agriculture and Life Sciences (MATE) have found...
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The asparagus season started later than usual
Asparagus picking started later than usual this year, at the end of April, and is expected to last until mid-June, with the average producer price of domestic asparagus being 12...
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Deadlines for completion have been published by the Digital Agricultural Academy
The Digital Academy of Agriculture (Digitális Agrárakadémia) has announced the deadline for applicants for the Digital Demonstration Economy Award and the Database of Digital Service Providers, the Hungarian University of...
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Ifo’s German business sentiment index improved in May
Instead of the expected deterioration, the Ifo Economic Research Institute’s business sentiment index in Germany improved for the second month in a row in May, after falling sharply in March...
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Groupe Casino and Ocado extend partnership
Groupe Casino and Ocado Group plan to develop several e-commerce logistics centres for retailers all over France. Ocado will also introduce its in-store fulfilment solution across the French company’s Monoprix...
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A mobile operator-independent 5G test project is launched in the city center and in the agricultural economy
The purpose of the tests is to examine how to economically build and operate a 5G network in a variety of environments, such as a densely populated downtown area or...
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