Market News
MGyT: peppermint is the herb of the year
The Medicinal Plant Department of the Hungarian Pharmaceutical Society (MGyT) has chosen peppermint as the medicinal plant of the year in 2024, the organization announced to MTI on Saturday. According...
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NAK: the Hungarians unitedly supported the domestic farmers in the national consultation
The Hungarians unitedly stood up for the domestic farmers in the national consultation – the president of the National Chamber of Agrarian Economy (NAK) wrote on his Facebook page on...
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Márton Nobilis: the food industry is an important strategic sector
The food industry is an important strategic sector, which also determines the sovereignty of a country – said Márton Nobilis, the State Secretary responsible for the food industry and trade...
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The price of the chips clearly shows the problematic nature of the pricing policy shaping retail trade
The drastic difference in prices of Pringles chips between Hungary and Spain reflects the complexity of the taxation system and VAT rates. The price differences between the two countries have...
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Manufacturers and traders are forced to pay the price of the Red Sea crisis
The world market situation poses challenges to large American and European manufacturing and trading companies that are difficult to find answers to. The focus is on the Red Sea crisis,...
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Businesses are expecting double-digit “corporate inflation” this year – they are looking for a way out with organizational development and export markets
“Anyone who has survived the past year or two as an entrepreneur in Hungary is considered a real hero,” says András Avidor, business development and networking expert. Moreover, according to...
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The Muslim world announced a boycott against several food chains and fast food restaurants
A widespread boycott has been launched in the Muslim world against American and Western European brands, such as Starbucks, McDonald’s, Coca-Cola, Pepsi-Cola, Procter & Gamble, and the French Carrefour. The...
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Instead of the expected improvement, consumer sentiment in Germany worsened
Instead of the expected improvement, the German consumer sentiment index for February of the GfK and NIM (Nürnberg Institut für Marktentscheidungen) market research institutes fell to an almost one-year low....
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Ursula von der Leyen: the agri-food industry needs a long-term perspective
The agri-food industry in Europe needs a long-term perspective and predictable development, which is why the European Union is launching a strategic dialogue on the future of agriculture, said Ursula...
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Alpár Gyopáros: the villages are our future
Villages are our future, they have great potential, because they can provide a quality of life and have a community that cannot be experienced in big cities – said Alpár...
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MAGOSZ and NAK negotiated with the largest Italian agricultural interest representation
The leadership of Coldiretti, the largest Italian agricultural interest representation, was received by István Jakab, president of MAGOSZ, and Balázs Győrffy, president of the National Chamber of Agriculture. According to Ettore...
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Companies are at risk of double taxation due to global tax reforms
Worldwide, transfer pricing conditions are becoming increasingly unpredictable due to global tax reforms and inflation, according to EY’s survey of 1,000 large company executives in more than 40 countries, including...
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The number of employees increased by 21 thousand, we took another step towards reaching the 85 percent activity rate
According to the data of the Central Statistical Office (KSH), the number of employees increased to 4.723 million in December 2023, so there are 21 thousand more people working than...
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How to save the New Year’s resolution for February?
We are well past January 19, when most people are supposed to give up their New Year’s resolutions. According to research, every fifth person wants to change at the beginning...
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Hungarian-Moldovan agricultural relations are expanding further
Hungarian-Moldovan bilateral cooperation in agriculture holds great potential, and an investment protection agreement could give it another impetus, which would further attract Hungarian investments to Moldova. On Thursday, in Budapest, Minister...
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Spending on sweets at a record high
Despite the difficult economic situation, consumers’ appetite for snacks has not decreased. This is what a NielsenIQ study suggests that was published on Tuesday and conducted on occasion of the...
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Where is Hungarian arable crop production going next?
If the current production structure is maintained, the arable plant growers can be successful primarily by significantly improving efficiency and moving towards the production of premium quality crops, but standing...
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SPAR Austria Veggie range sales more than doubled in the last five years
SPAR Austria is cooperating with the international organisation Veganuary for the first time, drawing consumers focus to plant-based meals this January. This is a trend that is reflected both in...
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Agrometeorology: milder and drier weather than usual is expected
The weather will be milder and drier than usual in the next seven days, HungaroMet Zrt. wrote in its agrometeorological analysis on Thursday. They wrote that several weather fronts affected...
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Unilever brings TikTok cleaning trend to Asda in-store shoppers
Unilever has tapped TikTok’s community of ‘cleanfluencers’ for an in-store activation with Asda, to promote its household brands. The “disruptive” activation sees interactive digital screens placed at the front of...
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The agricultural support system provides significant help for adaptation
In today’s economic and market conditions, in order for farmers to stay afloat, they must choose some adaptation strategy. The Hungarian agricultural support system provides significant help for this – stated...
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GVH analysis examining “green” marketing messages with an international focus
The findings of the market analysis of the Economic Competition Authority (GVH), in which the competition authority’s investigators scrutinized claims related to environmental protection, are forward-looking at the international level...
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A kognitív hanyatlástól is védheti a nőket a növényi diéta
Összefüggést találtak a kutatók a növényi alapú étrend és az időskori jobb kognitív képességek között. Egy új tanulmány szerint a negyvenes éveikben járó, túlnyomórészt növényi alapú élelmiszereket fogyasztó nőknél kisebb valószínűséggel...
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Hummus Association: here are 7 compelling arguments in favor of reusable packaging
How much water do we save by using more than one-time use packaging? After how many uses does a durable food box become more environmentally friendly compared to a disposable...
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The beginning of the year is also the time of a new start in the generational change
The managers of companies founded during the regime change are slowly retiring, and the time has come to hand over the baton to their successors. This process is generational change,...
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Fulfilling sustainability requirements can give Hungarian companies a competitive advantage
Starting this year, fundamental changes have come into effect in the area of corporate obligations related to sustainability, i.e. ESG, which will affect all domestic companies in one way or...
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K&H: how long are your savings enough for?
Just over half of young people in their twenties have savings, but many of them only have enough reserves for a short time, according to the K&H youth index. According...
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FIFA and Visa have extended their global partnership
FIFA is pleased to announce that Visa (NYSE: V), the world leader in digital payments, has extended its official FIFA partnership. The renewed agreement, which runs until 2026, will allow...
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NGM: the review of the SME strategy has been completed, the aim is to strengthen Hungarian SMEs
The government reviewed and adopted the strategic document entitled “Strategy for the Strengthening of Hungarian Micro, Small and Medium Enterprises 2019-2030” and determined the priority business development measures to be...
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Changes are coming to corporate loans – banks are scrutinizing companies due to sustainability risks
Starting this year, fundamental changes have come into effect in the area of corporate obligations related to sustainability, i.e. ESG, which will affect all domestic companies in one way or...
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