Market News
Ahold Delhaize’s results under pressure – CSEE region meaningful differentiator for future growth
Ahold Delhaize closes the year 2023 with a significant drop in net income. As the retailer reports, net sales including European and U.S. operations were up 3.8% at constant exchange...
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ULT Magyarország has raised its basic tobacco purchase prices
In this year’s tobacco growing season, Universal Leaf Tobacco (ULT) Magyarország Kft. has announced increased basic tobacco purchase prices for both types of tobacco compared to last year, the agronomy...
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NAV raided an illegal family tobacco operation
The financial investigators of the National Tax and Customs Administration (NAV) raided a family from the county of Szabolcs-Szatmár-Bereg engaged in drying, shredding and selling tobacco leaves. In a statement...
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Diminishing CEO fears, cautious optimism for 2024
54% of CEOs also trust in the improvement of the growth rate of the global economy, 60% of them in the domestic economy, according to the 13th PwC Hungary CEO...
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VOSZ: High inflation will not return even with lower interest rates!
As we reported, the economy suffers from the high level of interest, as it means unrecoverable interest costs. Our analyzes show that a more serious interest rate reduction would be...
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Artificial intelligence is tempting, but you have to be careful about your rights
The corporate application of artificial intelligence has many opportunities, but also many legal pitfalls, warns the international law firm Baker McKenzie. With the help of generative artificial intelligence (AI), we...
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Hungary’s EU presidency: soil protection is the basis of everything
Our country stands by the basic principle that the food coming into the Union must comply with the same rules and regulations that the EU imposes on its own producers...
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SPAR University Teams Up With EasyToys In The Netherlands
Selected SPAR outlets in universities and colleges in the Netherlands are offering sex toys from EasyToys, according to media reports. The initiative is part of a collaboration between SPAR University...
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Germany’s meat production drops again in 2023
Data from Destatis said Germany’s meat production decreased 4% last year to 6.8m tonnes. Meat production in Germany fell “significantly” in 2023, the country’s Federal Statistical Office said. Data from...
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The payment of agricultural subsidies to farmers is progressing according to schedule
The sector ended last year with record payments, and the disbursement of agricultural subsidies is proceeding according to schedule this year as well – indicated Anikó Juhász. The Deputy State...
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Danone Inaugurates New Plant-Based Beverage Production Facility In France
Danone has announced the inauguration of a new plant-based production facility, in Villecomtal-sur-Arros in southwestern France. The inauguration took place at an event attended by French officials and Danone employees,...
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Agrometeorology: the sap circulation of early fruits started in the mild weather
Due to the mild weather of the past week, several plants are feeling the arrival of spring, the sap circulation of the early stone fruits has already started in the...
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Due to the risks, more and more companies are introducing policies for the use of artificial intelligence in the workplace
Assistive services using artificial intelligence (AI) (for example, various chatbots) are also spreading explosively in the workplace. The use of AI in everyday business is a relatively new phenomenon for...
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GDP did not change compared to the previous quarter
Falling short of expectations, the domestic GDP did not change in the fourth quarter of last year compared to the same period of the previous year, while seasonally and adjusted...
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Márton Nagy: the stagnation of GDP is temporary
According to the data of the Central Statistical Office, in the last quarter of 2023 it increased by 0.4 percent on an annual basis, while the performance of the Hungarian...
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It’s surprising what Hungarians order on Valentine’s Day
The trends related to the celebration around Valentine’s Day change from year to year, and based on recent statistics from the food delivery company Wolt, this year is no exception....
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There is quite a bit of chaos in the advertising of flu products across Europe
The Economic Competition Authority also took part in the joint investigation of the European Commission and the Consumer Protection Cooperation Network (CPC) of the member states’ authorities, which reviewed the...
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The issue of artificial meat and the fight against food waste will be the main theme of our presidency
The issue of artificial meat, the fight against food waste and animal welfare are also on the agenda of Hungary’s EU presidency, which István Nagy discussed in his office with...
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The Eurozone economy stagnated in the fourth quarter
Eurozone economic performance stagnated in the fourth quarter following a slight contraction in the previous quarter, according to a Wednesday report by Eurostat, the statistical office of the European Union....
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Annual inflation in Romania rose to 7.4 percent in January
Annual inflation in Romania rose to 7.4 percent in January, the National Institute of Statistics (INS) announced on Wednesday. In December, the annual inflation rate was 6.6 percent. The Romanian...
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Contrary to expectations, annual British food inflation did not accelerate in January
Twelve-month inflation of 4 percent, the same as in December, was measured in January in Great Britain. Analysts expected an annual inflation rate accelerating to 4.2 percent for the first...
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Ukrainian Minister of Agriculture: Ukraine does not shy away from Poles checking the quality of its grain
Ukraine is ready for Polish authorities to check the quality of Ukrainian grain at the border, Ukrainian Minister of Agrarian Policy Mykola Solskyi said in a TV program on Wednesday....
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This year, it is expected that the rules for mandatory waste disposal will be eased
The professional struggles of Hungary and other EU member states for many months, as well as the European farmers’ demonstrations, helped to achieve the result that in 2024, agricultural producers...
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The OXO Labs Startup Factory application will start in 2024
In 2024, the OXO group is also waiting for applications from early-stage, start-up innovative businesses, of which at least nine promising initiatives will be selected for its portfolio in the...
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Our country is preparing full steam ahead for the EU presidency
The issue of artificial meat, the fight against food waste and animal welfare topics are also on the agenda of our country’s EU president, which István Nagy discussed in his...
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Mondelez eyes better energy use at plant in Austria
The Milka facility, located in Bludenz, Austria, will be “one of the first plants in Mondelēz International’s European production network to cover its hot water requirements […] with two modern...
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Carrefour Expands Grocery Delivery Partnership With Just Eat In Italy
Carrefour Italia has expanded its partnership with Just Eat for grocery home deliveries in the country. This collaboration will allow Just Eat’s three million customers to access a wide range...
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This year, it is expected that the rules for mandatory waste disposal will be eased
The data related to the uploading of the electronic management diary can be agreed until mid-March. For the submission of the unified application for 2024, the Ministry of Agriculture is already...
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Retail ranks low for digital trust from consumers
Fewer than one-in-10 consumers say they trust retailers enough to share their personal information with them, according to global technology and security provider Thales, whose “2024 Thales Digital Trust Index”...
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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...
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