Market News
Supermarket plastic ban proposed for fresh produce
Anti-waste charity Wrap has called for a government ban on plastic packaging for 21 fresh produce items in UK supermarkets. The proposal, aimed at transforming shopping habits by 2030, targets...
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The producer price of fodder corn increased by nearly 40 percent
In Hungary, according to AKI PÁIR data, edible wheat was traded at an average producer price of HUF 78.4 thousand per ton without VAT and transport costs in the first...
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UHT and fresh milk price competition: how have milk market trends changed?
Recent years have brought significant changes to the Hungarian milk market, where the price difference between fresh and UHT milk has grown to an extent never seen before. The introduction...
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The gluten-free breads and pastries of the year were awarded
The Association of Hungarian Farmers’ Unions and Farmers’ Cooperatives, the National Chamber of Agriculture (NAK), the Hungarian Celiac Association and AMUREX GM Hungária Kft. organized the gluten-free bread and pastry...
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World Food Day offers an opportunity to rethink our everyday choices
Food is the most basic human need right after air and water. The right to food is also recognized by the Universal Declaration of Human Rights, as access to varied,...
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The second-hand market in Hungary is expanding dynamically: the iPhone and Apple Watch are the best sellers
The market for second-hand devices grew by 12% globally, but there are outstanding results in Hungary as well: an online marketplace doubled its turnover compared to last year, indicating the...
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VOSZ’s position on the new work fitness test rules: employer obligations and opportunities
The Health Section of the National Association of Entrepreneurs and Employers (VOSZ) has issued information on the new rules for work fitness tests that came into effect on September 1,...
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The success of Hungarian e-retailers despite the pressure of the international giants: the outstanding actors of the domestic online market were awarded
The Hungarian e-commerce market faces many challenges, as international giants such as Temu and Allegro conquer customers with their extremely favorable prices and intensive advertising campaigns. Despite this, there are...
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István Nagy: preventing food waste is our joint task
By preventing food waste and making conscious purchases, everyone can do a lot for the planet – said the Minister of Agriculture at the press conference held on the occasion...
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From me, to you
There was a secret hope among market players in the praline category that the end-of-year gift-giving season would put sales back on an upward trajectory, but this hasn’t been the...
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Results and developments in the new era of Hungarian agriculture
The Orbán government reversed the degradation of the countryside and agriculture after joining the EU. Plant closures, bankruptcies and abandoned factories characterized the period of the left-wing government, not the...
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Survey: employees’ opinion of the stability of their workplace has improved
The opinion of Hungarian employees regarding the continuation of their current job has improved since last year, according to the latest joint, representative research by BNP Paribas Cardif Biztosító and...
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The producer price of red onion remains well below last year’s
According to KSH data, the yield of red onions in the last five years ranged between 38.5 and 58.2 thousand tons. In 2023, it produced 13 percent more red onions...
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Kaufland works on innovative and sustainable packaging solutions
Last year German retailer Kaufland modified the packaging of many private label products to save resources, in line with its belief that as a food retailer it must take responsibility...
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The advance payment of agricultural subsidies begins today
The payment of advances for direct subsidies and individual rural development measures will begin on Wednesday, and farmers will be able to access HUF 321 billion by the end of...
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European Commission demands information from Temu on counterfeits
The European Commission has demanded more information from Temu, as it suspects the Chinese platform of not taking sufficient action against the sale of counterfeit and unsafe products. Temu has...
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Diageo to expand factory in Indonesia
The construction will add 8,800 square metres to the spirits production site in Tabanan, Bali. Diageo is expanding a spirits manufacturing facility in Indonesia that supplies a clutch of markets...
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Bird flu has appeared in two new counties
The laboratory of the National Food Chain Safety Office (Nébih) also detected the presence of bird flu in Fejér and Hajdú-Bihar counties. The stocks are being liquidated. Adherence to epidemic...
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Aldi Nord launches cash withdrawal service in Germany
From 14 October 2024, Aldi Nord allows customers to withdraw cash at the checkout in all its stores in Germany. Under the service shoppers will be able to withdraw up...
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Compared to last year, the yield of corn fell by a quarter
The domestic corn harvest this year is expected to be around 5 million tons, 15-20 percent less than a year ago. In addition to the falling average yield, fungal infection...
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KSH: industrial production fell by 9.5 percent in August
In August 2024, the volume of industrial production was 9.5 percent, or 4.1 percent less than a year earlier, adjusted for the working day effect. The significant difference compared to...
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VOSZ: minimum wage of 1,000 euros and an average salary of 1 million
Under the current circumstances, employers cannot generate and pay for the wage cost increase resulting from wage increases at a forced pace, which is far removed from productivity and cannot...
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Many products are expected to become more expensive due to the drought
This year’s drought summer dealt a heavy blow to Hungarian agriculture, causing significant crop losses for several crops. Speaking to Pénzcentrum, the editor-in-chief of the Agrárszektor, Lajos Braunmüller, said that...
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GKI: Road to “economic neutrality”: Declining West?
The global economic and geopolitical analyzes of recent years are about the changing world order, the rise of new superpowers and new sources of growth, which have a great impact...
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The GDPR was nothing in comparison: the deadline for the creation of the NIS2 framework is approaching
Due to increasingly frequent cyber threats, the European Union drafted the NIS2 cyber protection directive in January 2023, which affects thousands of companies in Hungary alone. Hungary was one of...
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Wage growth in the IT sector continued in 2024, both domestically and internationally, and it will be no different next year
The salary trends experienced in the IT sector will continue to show growth in 2024, both in Hungary and internationally. The salary of Hungarian IT specialists has increased compared to...
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Hybrid working generates significant technological investments
Business technology spending is on the rise as executives look to make the most of hybrid working opportunities, according to new executive research from the International Workplace Group. According to...
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In the UK Tesco partners with The Guardian’s gourmet app
Tesco is launching the new “Feast” app from The Guardian with Tesco Finest products, bringing a modern approach to culinary culture. The partnership will be supported by a six-month integrated...
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Slovak-Hungarian cooperation in the protection of biodiversity
The Slovak National Agricultural and Food Industry Center (NPPC) together with the National Center for Biodiversity and Gene Preservation (NBGK) won support for the implementation of the project “Support for...
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Too Good To Go is fighting food waste in Australia too
Too Good To Go is now aiming to reduce food waste in Australia, where 7.6 million tonnes of food ends up in the bin every year, causing serious environmental and...
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