Market News
Italy’s Campari Sees First Half Sales Up 19%
Italian drinks group Campari posted a 19% rise in like-for-like sales in the first six months of the year, but warned that temporary supply constraints could affect shipments in the second half....
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An abundant harvest of apricots is expected this year
About 26,000 tons of apricots are expected from the 5,300-hectare production area this year, which is not a record, but a good amount compared to last year. The type and...
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The use of cooking oil as fuel may be legalized in France
We’ve all heard stories about how cooking oil can be used to power diesel engines, but it was illegal in France until now. However, the French parliament voted a 20...
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Grant Thornton: this is how to preserve the stability of companies in times of inflation
Inflation is putting pressure on the economy worldwide, and the situation is not expected to improve in the near future. The corporate sector is facing serious challenges and, like the...
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An illegal fish storage was uncovered by the fish guards on Lake Balaton
An illegal fish storage facility that had been operating for several years was uncovered by the fish guards of the Balatoni Halgazdálkodási Nonprofit Zrt. and the Nébih State Fisheries Service....
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Heinz profits fall 10.9% amid inflationary pressures
The Kraft Heinz Company have published its second quartile results revealing “strong price realization and resilient demand” despite an EBITDA decrease of 10.9%. The FMCG company reported a 13.4% decrease in gross...
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The price of red onions has increased
Although, in contrast to most vegetables, the price of red onions in Hungary did not rise for a long time, in May-June the price suddenly started to rise, and in...
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There will be enough coffee, but it will be expensive
Harvesting is going full steam ahead on coffee plantations in Brazil, with reports that farmers have already harvested about two-thirds of the crop. And although the harvest looks much better...
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The German economic researcher DIW indicates the approach of a recession
The business cycle barometer of the German economic research institute DIW Berlin continued to deteriorate in July, suggesting a recession in the third quarter. Based on the report sent to...
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This is what may cause additional 30-40 percent increase in the price of bread
According to the calculations of the National Association of Agricultural Cooperatives and Producers, as a result of the increase in energy costs, the drought and the poor grain harvest, the...
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Domestic corn is getting more and more expensive
In Hungary, edible wheat was traded at an average producer price of HUF 137.6 thousand per ton without VAT and transport costs in the second week of July. Feed wheat...
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The action that lowers the price of melons in the middle of the season is unjustified
In the medium term, melon cultivation in Hungary may cease, mainly because the producers cannot validate their costs in the transfer price to retail chains – draw the attention of...
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Coca-Cola increases revenue forecast as demand defies price hikes
Coca-Cola’s second-quarter sales exceeded expectations as the company raised its full-year guidance, encouraged by buoyant demand of soda, despite higher prices. In its second quarter, the FMCG giant reported an 8%...
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Hell operated a special sub-box recycling installation at EFOTT
One of the greatest sustainability challenges of our time is the recycling and recycling of packaging into the economy. A huge amount of packaging waste is also generated at summer...
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AMC: 11 Hungarian organic farmers present themselves at the world’s largest ecological exhibition
At the Hungarian community stand of this year’s Biofach International Bio-Food and Bio-Goods Exhibition, 11 domestic organic farming companies will present themselves in Nuremberg – the Agricultural Marketing Center (AMC)...
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According to AM and Nébih, abuses related to firewood procurement may increase
Wartime energy prices and European energy supply problems also affect Hungary, which is why abuses related to the purchase of firewood may increase – announced the Ministry of Agriculture (AM)...
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GKI: This is the ratio of recycling and the production of environmentally friendly products among domestic companies
GKI Gazdaságkutató Zrt. examined the attitudes of domestic businesses regarding environmental awareness and the sustainability of the companies’ activities based on a representative survey of 964 businesses with more than...
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The IMF forecast is out: GDP growth could be 2.5% this year and 1.4% next year
The International Monetary Fund revised its global growth forecast slightly downwards in a recent publication. The latest edition of the World Economic Outlook shows that the IMF does not expect...
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According to the vice president of the MNB, brutal inflation may stay with us until next summer
Barnabás Virág explained the background of today’s interest rate hike in an online background discussion from three o’clock on Tuesday afternoon. As is well known, the Monetary Council raised the...
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The start of the school year is approaching: that’s why all Hungarians line up at Aldi, Lidl and Tesco
Just over a month and the start of the school year is here. And even the biggest domestic store chains know this, so the dumping starts practically this week, the...
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Unilever hikes prices by 11% in UK due to rising costs
Unilever has increased prices for products including Marmite, Pot Noodle, Magnum and Dove soap by up to 11% as it battles with rising costs throughout the supply chain. The FMCG...
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The deadline for payment of the food chain supervision fee expires this week
The first installment of the 2022 food chain supervision fee must be paid to those concerned by July 31, the obligation can already be fulfilled online – the National Food...
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Even in Western Hungary, the corn situation is becoming more and more worrying
Eastern Hungary has completely fallen on the corn front, and now there are more and more problems with sowing in the west – Petőházi Tamás, president of the National Association...
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Consumer sentiment worsened in the United States in July
In the United States, the consumer sentiment index of the Conference Board economic research institute indicated an expected slowdown in economic growth in July to a greater extent than expected,...
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One of the main dishes of the holiday’s table my be missing this year
Duck is part of the Christmas menu for many people, but the avian influenza has decimated the domestic flock to such an extent that this poultry may become scarce. Last...
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This is how Dutch farmers reacted to the government’s plans
Thousands of farmers gathered in central Holland on Wednesday 20 July to protest the Dutch government’s plans to cut greenhouse gas emissions and thereby expropriate farms. They obstructed traffic on...
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UN World Food Programme Optimistic On Ukraine Grain Export Deal
The World Food Programme (WFP) said it was optimistic about a UN-brokered deal to reopen Ukrainian ports for grain exports but warned the agreement alone will not solve the global...
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This is how you can save a lot on your electricity bill
Those who use really energy-efficient refrigerators and washing machines have already been able to save up to tens of thousands of forints on their utility bills every year, and in...
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Renting out real estate is still the best-known source of passive income
Repeating its previous research from 2017, Profession.hu conducted a representative survey of the Hungarian population on the prevalence of passive income and the motivations behind the activity. The results draw...
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K&H: inflation drives the plans of large companies
Among the factors determining the one-year profitability plans of large domestic companies, inflation has become the most important, according to the K&H large company growth index. This has never happened...
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