Market News
Revolut in the crosshairs, but Hungarian fintechs are the collateral damage – another blow to domestic innovation
The amendment to the rules on financial transaction fees has unexpected consequences: while the target is clearly Revolut, the introduced rule change has serious side effects for the entire domestic...
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At the forefront of the domestic food industry for more than half a century
The future of the food industry is shaped by young professionals who respect traditions and boldly embrace the opportunities offered by new technologies, said András Tállai, Parliamentary State Secretary of...
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Record year in the Széchenyi Card Program – KAVOSZ brought stability and momentum to the SME sector
The KAVOSZ group continues to be a key player in the financing of domestic micro, small and medium-sized enterprises (SMEs): the company achieved its strongest results in its history in...
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Agricultural loans decreased by 6 percent
Agricultural loans decreased by 6.0 percent to HUF 1,001.2 billion compared to the same period of the previous year. Within this, the share of preferential loans was 62.6 percent, and...
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Agriculture’s income-generating capacity may depend on irrigation
Europe is facing an increasingly significant water shortage, so agriculture’s income-generating capacity may depend on irrigation and water storage – said the State Secretary for Agriculture of the Ministry of...
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Vegan barbecues will cost more in Germany this year
In Germany the price of vegan grilling products grew by 7% compared to 2024, according to the latest retail analysis by Marktguru. This article is available for reading in Trade...
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42 percent of agricultural investments were spent on buildings and structures in 2024
According to preliminary data from the Central Statistical Office, the performance value of agricultural investments in 2024 was 669.4 billion forints. Based on the data received from the 1237 agricultural...
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Budapest could be the region’s creative industry capital by 2030
The economic potential of the creative industry is now not only a cultural issue, but also a competitiveness issue. The goal of the Hungarian Fashion & Design Agency (MDDÜ) is...
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The Hungarian National Gallery and LG photo competition has closed.
The photo contest jointly announced by LG Hungary and the Hungarian National Gallery has ended with nearly 700 entries. The first-place entry was inspired by the painting titled Woman Carrying...
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Imre Hubai: Sufficient Quantity and Good Quality of Grain Harvested in Hungary
This year’s harvest has yielded a satisfactory quantity and quality of grain in Hungary – announced Imre Hubai, State Secretary for Agriculture at the Ministry of Agriculture, during a press...
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At the forefront of the domestic food industry for more than half a century
The future of the food industry is shaped by young professionals who respect traditions and boldly embrace the opportunities offered by new technologies – said András Tállai, Parliamentary State Secretary...
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Google and German Retail Association Launch AI Training Initiative
Google and the German Retail Association (HDE) have announced a new joint initiative to improve AI skills in the retail sector. The programme aims to provide orientation in the complex...
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Hungarian-Dutch export market grew significantly
PublicationsStatistics Hungary’s agricultural foreign trade was also concentrated and strongly Europe-centric in the quarter under review: 95.1 percent of export turnover was with European countries, Asia’s share was 3.2, America’s...
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Juicy Start: Hungary’s 2025 Melon Season Has Officially Kicked Off
Despite a cool spring that delayed the start of the Hungarian melon season by a few weeks, local growers are once again offering sweet, top-quality watermelons and cantaloupes. This was...
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Carlos Alcaraz Joins Danone as Global Ambassador
Convinced that combining a good diet and sports habits from an early age is key to lifelong health, Danone is partnering with global like-minded ambassador to inspire generations to come:...
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Greek Supermarkets Beat European Rivals On Price
Greek supermarkets offer a more affordable average household basket, compared to those in seven other European countries. The cost of the basket in Greece is significantly lower, compared to Germany...
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Agrometeorology: showers, thunderstorms may arrive in several waves
Showers, thunderstorms may arrive in several waves, and the extreme heat will also ease at the beginning of next week – wrote HungaroMet Zrt. in its agrometeorological analysis on Thursday....
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Drought, technological competition and collaboration: the domestic melon season has begun
The 2025 Hungarian melon season starts amidst serious challenges: the lack of rainfall, the growing production areas and the increasingly fierce market competition determine this year’s prospects – this was...
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Tourism economy deteriorating, but better than the national economic average
In June 2025, 70% of tourism companies reported an increase in their service prices in the last 3 months (the same proportion in May) compared to the same period of...
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Price increases, export declines, new consumer habits – this is how the poultry and egg market developed in the first half of 2025
Látványos változások jellemezték 2025 első félévét a hazai baromfi- és tojáspiacon. Az Agrárközgazdasági Intézet (AKI) friss jelentése szerint nemcsak a bolti árak emelkedtek jelentősen, hanem a teljes termékpályán drágultak az...
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Ministry of Agriculture: the goal of state forest managers, also awarded by WWF, is to preserve, increase and renew forests
“Hungarian forests are safe, there is no deforestation in Hungary!” – emphasized Péter Zambó, State Secretary for Forests and Land Affairs, in a video message uploaded to the social media...
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Hungarian melons can regain their lost export markets, according to producer associations
Hungarian melons can regain their export markets, a third of this year’s crop, estimated at 175 thousand tons, may find buyers abroad – the National Chamber of Agriculture, the Hungarian...
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Jam, the real thing with homemade pálinka – the Gönc apricot season begins
Apricots can be a sweet accompaniment to summer in many ways, but for those who want to make a truly special jam, it’s time for Gönc apricots. The Gönc region...
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István Nagy: the Hungarian government is not standing idly by in the drought situation
The Hungarian government is not standing idly by in the drought situation resulting from the unprecedented heat, the Minister of Agriculture stated on Wednesday in Mórahalom. István Nagy reminded us...
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OMME: Contact a specialist if you spot a swarm of bees
In the spring and summer, bee swarm sightings increase, and more and more reports are received by the National Hungarian Beekeeping Association (OMME). This is a completely natural phenomenon, but...
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Grain of adequate quantity and quality produced
Grain of adequate quantity and quality was produced this year; the government will continue to provide irrigation water to farmers, said the State Secretary for Agriculture of the Ministry of...
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Vegans Shop More Often Than Meat Eaters, Study Finds
Vegans and vegetarians visit grocery stores significantly more often than meat eaters, according to a new study by KPMG and the EHI Retail Institute. Vegans top the list with 3.4...
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Nestlé cuts jobs at Czech factory amid falling demand for plant-based meat
Nestlé is to cut 80 jobs from its Krupka plant in the Czech Republic after falling sales for plant-based meat substitutes. Nestlé has revealed it will lay off 80 workers...
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Cherry professional day in Érd – challenges and future-oriented solutions
The Hungarian University of Agricultural and Life Sciences (MATE) and the National Chamber of Agriculture and Economics jointly organized the professional day on cherry cultivation at the Elvira Majori site...
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Sainsbury’s To Launch Unified Retail Media Platform, Nectar360 Pollen
UK retailer Sainsbury’s has announced plans to launch Nectar360 Pollen, a new unified retail media platform. Scheduled to launch in late 2025, the platform will support Nectar360’s mission to create...
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