Market News
Year of the Snake – expectations of the culinary sector
Chinese astrology expects life-changing events and great transformations in the Year of the Snake, in which it is worth paying attention to hidden opportunities. What is the restaurant world facing...
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István Nagy: 2025 is the year of breakthrough in agriculture
In agriculture, 2025 is the year of breakthrough and opportunities, the largest agricultural and food industry development program since the change of regime is currently being implemented – said István...
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Number of women in employment at record level
Last year, an average of 2 million 155 thousand women of working age were employed, which increased the employment rate of women of working age between 15 and 64 to...
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Nestlé invests in Spanish coffee factory
The investment will support the development of two new packaging lines, which have already started being constructed. Nestlé has unveiled plans to invest roughly €15m ($15.7m) in its factory in...
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Germany’s Cashierless Smart Stores: Slow Start but Rapid Growth
Germany started late to adopt cashierless grocery formats, yet 600 smart stores have emerged in just six years. The Smart Store 24/7 segment is expanding, particularly in rural areas, farm...
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Fertilizer prices fell, sales volume increased
Fertilizer distributors sold 1.39 million tons of fertilizer directly to farmers in 2024. The sales volume exceeded the previous year by 28.9 percent. Fertilizer prices were 24.6 percent lower on...
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European Commission To Abandon Implementation Of Nutri-Score
The European Commission is likely to abandon plans to implement Nutri-Score, the colour-coded, traffic-light nutritional label, across the EU. This was revealed by the French broadcaster Radio France, citing a...
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Aldi automates digital product descriptions with AI
A fast-growing discount grocer is continuing its rollout of artificial intelligence-based enterprise solutions in the U.S. – Chain Store Age reported. Aldi is deploying the Digital Wave Technology generative AI-equipped One...
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The competitiveness of greenhouse vegetable production has increased thanks to developments
The pace of development of domestic greenhouse vegetable production has not slowed down in recent years, thanks to support schemes and favorable credit opportunities, modern developments have been implemented in...
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Sándor Farkas: area-based support should remain in the seven-year EU budget after 2028
Hungary would like both the currently valid area-based support and the support provided under rural development programmes to remain in the EU budget period after 2028, the Parliamentary State Secretary...
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Viktor Orbán presented the four points of the Hungarian economic strategy
Prime Minister Viktor Orbán outlined the four key pillars of Hungary’s economic strategy at the 2025 Economic Opening Ceremony. At the event, the Prime Minister spoke not only about future...
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A turnaround in the economy can already be observed in eight areas
Nagy Márton kiemelte, a magyar gazdaságban rövid távon a legnagyobb kihívás az infláció, mert “sosem nyugszik, jön vissza”. Rámutatott, hogy januárban az infláció 5,5 százalék, az élelmiszerinfláció pedig 6 százalék volt,...
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January was surprisingly good for retail
Compared to the weak end of the year, retail sales increased by 2.2%, which is a very high monthly change. This can be attributed mostly to the non-food category, as...
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Mihály Varga: economic stability is the most important thing
Mihály Varga, the newly appointed Governor of the Hungarian National Bank (MNB), emphasized in his speech at the 2025 Economic Year Opening Ceremony that a disciplined and patient monetary policy...
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New subsidies help dynamically developing Hungarian beef cattle farming
Among the livestock sectors, the beef cattle sector has produced the largest expansion in the past 25 years. In recent years, the demand for breeding animals has also been outstanding,...
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Women leaders shaping the future – increasingly influential in the business world
The role of women in the economy is growing stronger year by year, and this is now also confirmed by the numbers; today there are more than a thousand businesses...
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Employing women can significantly increase productivity
The 12th edition of PwC’s Women in Work (WiW) report examines gender equality in the workplace across OECD countries. While the findings suggest positive progress, the transformative impact of current...
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Márton Nagy: we are fighting against unjustified price increases and price gougers
In order to reduce food prices and take effective action against price gougers, Minister of National Economy Márton Nagy held talks on Thursday and Friday with representatives of the National...
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István Nagy: in recent years we have consciously helped animal keepers in preventing epidemics and animal diseases
Food of animal origin placed on the market in Hungary is completely safe and will remain so thanks to strict epidemic control measures, the Minister of Agriculture said in a...
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The ASP situation is worsening in more and more neighboring countries
In recent weeks, the Romanian authorities have identified an ASP outbreak in several large pig farms in Timișoara County (Romania), which is close to the Hungarian border. In Croatia, the...
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AM: applications can be submitted for support for complex irrigation development investments
The fact that the tender for support for complex irrigation development investments has been opened with a budget of 50 billion forints is a further help for farmers – Zsolt...
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China’s consumer price index fell in February for the first time in over a year
China’s consumer price index fell for the first time in more than a year in February, with food prices falling by the most in 13 months. Producer prices also fell...
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Israeli startup applies artificial intelligence to agriculture
An Israeli startup called Fermata, which applies artificial intelligence (AI) technology to agriculture, has secured a $10 million investment in its development. The Israeli startup, which is developing a “digital...
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Climate change research group formed at the University of Szeged
A group bringing together research on climate change in various scientific fields has been formed at the University of Szeged (SZTE), the public relations directorate of the higher education institution...
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A Hungarian research group has developed a gene editing process for producing new grain varieties
The cereal grain research working group of the National Laboratory for Agricultural Biotechnology and Precision Breeding for Food Security has developed a gene editing process for producing economically useful grain...
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BAILEYS DROPS A CREAMY, NON-DAIRY LIQUEUR MADE WITH OAT MILK
Coffee and oat milk lovers, rejoice! Meet the newest way to make your next drink order more than a little treat. Baileys, the creator of Original Irish Cream Liqueur, is...
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Exemplary women in Univer’s Capsicum Club
Univer Product Zrt. organized a special event on the occasion of Women’s Day on March 4th at the recently opened Capsicum Club. The event addressed important issues such as whether...
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EU Commission gives the green light to Alcohol-Free Organic Wine
Organic winemakers will now be allowed to de-alcoholize their wine without losing its organic certification. The EU Commission has decided to amend the EU Organic Regulation accordingly. German Minister of...
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Zsolt Feldman: current developments could determine the future of winemaking for decades
The future of Hungarian winemaking could be determined for decades by current developments, producers must adapt to the changes shaping the market in the long term – said the State...
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Nébih: authorities apply the disposal solution with the lowest epidemiological risk when treating foot-and-mouth disease
The National Food Chain Safety Authority (Nébih) and local animal health authorities are using the disposal solution with the lowest epidemiological risk, burial, when treating foot-and-mouth disease (FMD), Nébih told...
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