Market News
Asparagus season starts in Hungary: export powerhouse or gastronomic opportunity?
While it is celebrated as a spring delicacy in Western Europe, it is still only consumed by a small number of people at home – even though Hungary is one...
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Can a new Hungarian grape variety conquer the entire country?
The most typical fungal disease-resistant grape varieties and high-added-value wine products were developed by the consortium of Varga Winery Ltd. and the University of Pécs (PTE) with the support of...
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GVH: Leading economists from the world’s competition authorities will meet in Hungary in April
Between April 23-25, the Hungarian Competition Authority (GVH) and the International Competition Network (ICN) will organize a professional meeting of leading economists in Hungary, which will be attended by 59...
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FECSO: the goal is shaping attitudes
The formation of the Association for Sustainable Packaging (FECSO) was announced at a press conference, where key players from the industry talked about the importance of sustainable packaging and the...
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Coupon fever in Hungary
Nearly half of Hungarians use coupons every month and many of them save more than HUF 5,000 on a single shopping occasion thanks to promotions, according to a representative survey...
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Márton Nagy: the next step in the price drop is coming
After reducing food prices and halting premium increases in the banking and telecommunications sectors, it is now the turn of insurance companies, announced Minister of National Economy Márton Nagy in...
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Agro-ecological Program payments continue
A further 2,585 applications have been partially paid under the Agro-ecological Program (AÖP), with almost 9.8 billion forints reaching eligible farmers in the third week of April. With these payments,...
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Adidas reports 12.7% increase in quarterly revenue
The German adidas, one of the world’s leading sportswear manufacturers, reported a 12.7 percent increase in revenue to 6.153 billion euros in the first quarter of this year from 5.458...
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Strict regulations and measures remain in force due to the FMD virus
The National Food Chain Safety Authority (Nébih) draws attention to the fact that strict regulations are still in force in order to stop the foot-and-mouth disease (FMD) disease. The virus...
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The eNYUGTA subpage of the Hungarian Tax Authority (NAV) providing information about the e-cash register system has been launched
The eNYUGTA subpage has been launched on the website of the National Tax and Customs Administration (NAV), where the office publishes all important information about the e-cash register system that...
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National Chamber of Agriculture: Ukraine’s accession could destroy the entire EU agri-food industry
When Brussels forces Ukraine’s accession, it is playing with the livelihood of all EU producers and the EU’s food security – said Zsolt György Papp, President of the National Chamber...
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Danone to drop Provamel in Germany
The French group is pulling the organic alt-milk brand in August. Danone is to stop selling its organic alt-milk brand Provamel in Germany. The French group is pulling the brand from...
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Card payments getting more popular in Bosnia and Herzegovina
Last year, online card payments accounted for 43.1 percent of all online payments in Bosnia and Herzegovina. A year earlier, that share was still 32.8 percent. This reflects a gradual...
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Fast-growing supermarket chain Studenac nurtures high ambitions
Studenac, one of the fastest-growing food retailers in Central and Eastern Europe, saw sales rise 22% in 2024 and aims to grow to 3,400 stores by the end of 2028,...
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Agrometeorology: rain would be good, but precipitation will arrive unevenly
Rain would be good for crops in the fields, but the distribution of precipitation will be very uneven in the period until Saturday – wrote HungaroMet Zrt. in its agrometeorological...
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The GKI business climate index increased slightly in April
According to a survey by GKI Economic Research Ltd. – conducted with the support of the EU – the outlook for consumers and the business world improved slightly in April...
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We waste 62 kg of food per capita every year
Food waste and overconsumption are an increasingly pressing problem: the surplus produced in households imposes not only an economic but also a serious environmental burden on the planet. Annamária Éva...
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Farmers are the most trusted
According to the Food Trust Report 2024 of EIT Food Consumer Observatory, European consumers have remained distrustful about food industry operators. This article is available for reading in Trade magazin...
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Róbert Zsigó: the margin reduction was introduced five weeks ago, and since then the prices of 887 food items have become more favorable
The government introduced the margin reduction five weeks ago, and since then the prices of 887 food items have become more affordable, the parliamentary state secretary of the Ministry of...
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MNB: price stability is the basis for sustainable growth
The new leadership of the central bank is committed to achieving and maintaining price stability, while improving the efficiency and practical utilization of the central bank’s work, Mihály Varga stated...
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PMI: moderate growth in February
After a moderate expansion in the spring of 2024, the domestic manufacturing sector has been experiencing a sustained slowdown since June. This article is available for reading in Trade magazin...
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HNT: Today’s young adults are becoming conscious wine consumers sooner
The proportion of occasional wine consumers among the 18-40 age group has increased significantly in the past two years, and health and environmental awareness, as well as the importance of...
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The two most pressing challenges for an executive are labor and costs
The global CEO survey, jointly conducted by the International Executive Search Federation (IESF), an international organization specializing in executive search, and its Hungarian member company, HR consulting firm Prime by...
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High-quality Hungarian asparagus is a sought-after product on both domestic and export markets
There is a huge demand for high-quality Hungarian asparagus on both domestic and export markets. Although the overall production area is showing a decreasing trend, the quantity produced for export...
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Rapeseed producer prices rose by 46 percent
According to European Commission data, the Canadian export price (FOB) of canola fluctuated between $431 and $472/tonne in March, and between $481 and $502/tonne by April 9. The export price...
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Bird flu has also appeared in Békés County
The laboratory of the National Food Chain Safety Office (Nébih) has detected the presence of avian influenza virus in Békés County. The eradication of the affected herd and the epidemiological...
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Organic food market back on a growth track
The global organic food market was back on a growth track in 2023, with EUR 136.4bn sales and 99 million hectares of land used for organic farming worldwide. This article...
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Events featuring animals susceptible to FMD remain prohibited
The National Food Chain Safety Authority (Nébih) would like to draw your attention to the fact that the measures ordered due to the foot-and-mouth disease (FMD) virus have been extended...
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AM: Farmers will be helped with free irrigation this year too
This year, farmers will be helped with free irrigation, and similarly to last year, the government will exempt farmers from the agricultural water supply fee through state-owned water facilities in...
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Sales Of A-Brands In Dutch Supermarkets Drop By 9% In 2024
Sales of major branded products in Dutch supermarkets fell by 9% in 2024 compared to 2023, impacted by the tobacco sales ban introduced on 1 July 2024. Excluding this factor,...
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