Market News
33,000 farmers have already received payments this year
In connection with last year’s unified applications, the Hungarian Treasury has already paid HUF 42 billion to more than 33 thousand farmers this year, stated Lajosmizsén Lajosmizsén, Zsolt Feldman, State...
Read more
GKI: Hungary has been in the EU for 20 years: how has the population’s trust in the European Union changed?
On May 1, 2004, ten new states joined the European Union, including Hungary. In our series of articles, we use one indicator to explore how the situation of our country...
Read more
The Hungarian agricultural and food industry can expect a calmer year in 2024
After the often unpredictable environment of recent years, the Hungarian agricultural and food industry can expect a calmer year in 2024, the price of fertilizer, feed and energy has decreased,...
Read more
The Hungarian meat industry faces a great opportunity
In addition to plant growers, animal breeders must also be put in a position, because in the Hungarian food industry, the greatest profit can be achieved with highly processed and...
Read more
IMF: Europe will have the lowest GDP growth in 2024
On the global economic map of 2024, many countries are forced to face risks and challenges. Inflation spikes, increasing debt loads, and declining consumer savings are all factors that can...
Read more
KSH: The production of food, beverages and tobacco products, which received 14 percent from the processing industry, was 10.4 percent lower than a year earlier
In December 2023, the volume of industrial production was 13.7 percent lower than a year earlier. Adjusted for the working day effect, production fell by 8.7 percent, the Central Statistical...
Read more
Randstad on “HR Trends 2024”: gaping gap between salary demand and planned salary increase
On February 1, Randstad published the first details of the “HR Trends 2024” research. The research conducted by interviewing the top managers of more than 350 domestic companies operating in...
Read more
NAV: the return can be submitted in the eVAT system
Since February 1st, the VAT return can be submitted in the eVAT system via a web interface or machine-to-machine connection – the National Tax and Customs Office (NAV) informed MTI...
Read more
According to Giorgia Meloni, the European Parliament elections will bring a change in agricultural policy
With the European Parliament elections, there will be a turning point in the Community’s agricultural policy, Italian Prime Minister Giorgia Meloni announced on Monday evening, after meeting with the delegations...
Read more
The price of chicken breast fillets decreased by 19 percent
Based on data from the KSH, Hungary’s poultry meat exports increased by 2 percent to 200,000 tons between January and November 2023 compared to the same period of the previous...
Read more
EXIM: applicants quickly grabbed the resources of the Gábor Baross Loan Program
EXIM Hungary received so many applications from Hungarian companies in the Gábor Baross New Industrialization Loan Program, which was reopened on January 15, that it exhausted the loan program’s framework,...
Read more
The conditions for ewe support will become more favorable
This year, the conditions for subsidizing production-bound ewes will become more favorable with the first amendment to Hungary’s KAP Strategic Plan. It is important to inform farmers about the two...
Read more
MBH: Hungarian agriculture can expect a calmer year than last year
The agriculture and the food industry can expect a calmer year this year than in 2023, mainly the prospects of livestock keepers have improved, a more balanced period in agriculture...
Read more
The agricultural chambers of six countries jointly call on Brussels: end the impossibility of European farmers!
In addition to the Hungarian National Chamber of Agriculture, the agricultural chambers of five other countries strongly warn the decision-makers of the European Union not to destroy Europe’s agriculture. The...
Read more
Free delivery an exception in DACH
Only a fraction of online retailers in Germany, Austria, and Switzerland offer free delivery for online orders. The largest group of sellers charges shoppers an average of between 2 and...
Read more
The Hungarian meat industry faces a great opportunity
In addition to plant growers, animal breeders must also be put in a position, because in the Hungarian food industry, the greatest profit can be achieved with highly processed and...
Read more
Coop Italia Launches Over 200 New Pet Food SKUs
Italian cooperative and retailer Coop plans to launch around 200 new SKUs across four pet food lines. The move bolsters its existing ‘Amici di casa Coop’ programme and aims to...
Read more
European Commission: producers can deviate from the rules on fallowing for one year
In 2024, EU agricultural producers can deviate from the rules of the common agricultural policy (CAP), which oblige them to leave certain agricultural areas fallow, i.e. fallow, the European Commission...
Read more
Imports of live cattle increased by 33 percent
According to AKI’s slaughter statistics data, the slaughter of cattle in 2023, expressed in live weight, decreased by almost 10 percent compared to the previous year. The slaughter of cows, which...
Read more
Kraft Heinz debuts first major Crystal Light innovations in more than 10 years
The CPG giant is launching Mixology, Immunity and Energy offerings while redesigning the drink mix’s logo and packaging to help it stand out on shelves. Kraft Heinz’s Crystal Light brand is...
Read more
Tenders are open for the support of consulting services
The Strategic Plan of the Common Agricultural Policy (KAP), which contains the domestic support sources that can be used until 2027, also offers exploitable opportunities for professional organizations operating in...
Read more
István Nagy: Brussels cannot risk food safety
Brussels cannot risk food safety, the EU leadership must return to normalcy, because its decisions on agriculture endanger daily bread, said the Minister of Agriculture at a press conference in...
Read more
This is how AI threatens the branding of businesses
More and more companies decide not to entrust a professional team with design and brand building, but to call on AI for help. Although we can indeed create a company...
Read more
More and more cities are interested for the Advanced Logistics Manager training
In the past period, there has been an increased interest in the Hungarian Logistics Association’s (MLE) in-person trainings throughout the country. As a result, in addition to the online and...
Read more
Diageo Contributes €13bn Annually To Europe’s Economy, Study Finds
Drinks giant Diageo contributes over €13 billion to Europe’s economy every year, creating jobs for over 200,000 people, a new report from Oxford Economics showed. The maker of Johnnie Walker,...
Read more
(HU) Euromonitor International: a kiskereskedők bizakodóak az idei Valentin-nap kapcsán
Retailers are optimistic for Valentine’s Day 2024 with signs consumer confidence is returning, according to experts at Euromonitor International. Euromonitor’s analysts say that slow growth and high inflation, with ongoing...
Read more
Lidl pilots first-of-its-kind bottle return scheme
Lidl has become the first supermarket to roll out its own PET plastic bottle and drinks cans return scheme trial across an entire city with incentives for shoppers to reduce...
Read more
The National Handball Academy and Graboplast cooperate in the development of sports floors
An agreement was concluded between Graboplast and the National Handball Academy. The cooperation in sports science enables NEKA to increase the resources necessary for high-quality professional training, and for the...
Read more
In the OECD, food price growth slowed from 7.1 percent in November to 6.7 percent in December
In the countries belonging to the Organization for Economic Cooperation and Development (OECD), the annual growth of consumer prices accelerated to an average of 6 percent in December from 5.8...
Read more
Analysts are also divided by the recent retail sales and inflation data
Analysts have different points of view on this year’s inflation outlook, and January’s data did not provide a clear picture of the coming months. According to the statement of the...
Read more