Market News
István Nagy, Minister of Agriculture: we can achieve the diversity and competitiveness of agriculture by exploiting the support opportunities
By exploiting the support opportunities, the diversity, stability and competitiveness of agriculture can be realized, said István Nagy, Minister of Agriculture, at the ceremony of the meat processing plant of...
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Analysts wage competition in a tight labor market also carries inflationary risks
In addition to the lifting of restrictions in the third wave and the recovery of the service sector, seasonal factors also helped achieve a historic employment level in July. However,...
Read moreBusinesses can continue to apply for the Hungarian Multi Program funding of one hundred billion forints
The government’s goal is 5.5 percent economic growth, so we are devoting more resources to the Hungarian Multi Program than ever before to help promising domestic businesses become large companies....
Read moreThe GDP of OECD member countries has still not reached pre-pandemic levels
Domestic product (GDP) in the 37 member states of the Organization for Economic Co-operation and Development (OECD) still did not reach pre-coronavirus levels, although economic growth accelerated in the second...
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The experience of the new energy labeling was summed up by the Association of Conscious Consumers
New energy efficiency labels came into effect in March, but these are less well known to consumers, so they don’t trust the new labels. For example, they are afraid of...
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Economic sentiment in the euro area and the EU deteriorated in August
The final value of the European Commission’s euro area economic sentiment index in August fell more than previously from the previous month’s peak. The EU sentiment index also declined. Economic...
Read moreThe Czech government no longer expects to close the stores
The Czech government no longer anticipates the need to restrict shops and services in the autumn as it did in previous waves of the coronavirus pandemic. “We don’t expect to...
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Drought threatens the livelihoods of 7 million farmers in Afghanistan
The Food and Agriculture Organization of the United Nations (FAO) has appealed for humanitarian assistance to be scaled up as Afghanistan continues to be hit hard by an ever-worsening drought...
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Compensation allowance for the self-employed can only be claimed for one month
Compensation for the self-employed can only be claimed for one month, which the government decided to introduce after the start of the wage support programmes in May. The essence of...
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Nine out of 10 of our Hungarians are seriously concerned about climate change
The anxiety of climate change is strongly present in the lives of Hungarians, and they are also striving to reduce their climate footprint on an individual level, according to a...
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GKI’s economic sentiment index continued to rise in August
After its big jump in April, GKI’s economic sentiment index was slowly rising in the sum-mer months. According to a survey conducted by GKI with the support of the EU,...
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KSH: the number of employees was 4.7 million in July
In July, the average monthly number of employees aged 15-74 was 4,704,000, the Central Statistical Office (KSH) announced on Friday. The figure is 12,000 more than in the previous month...
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The Hungarian melon is sufficient and of high quality
The Hungarian melon is of high quality. The production area has slightly decreased due to the pandemic, but its yield has increased, so it has plenty of access to the...
Read moreDecades low consumer sentiment in the United States
The University of Michigan’s consumer sentiment index for August in the United States is at a decade low. According to final data released on Friday, the University of Michigan consumer...
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(HU) Továbbra is lendületben az online piac: erős első félévet zártak a hazai webáruházak
Sorry, this entry is only available in HU....
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Unilever’s factory modernised with environmental considerations in mind
Unilever Magyarország Kft. completed the first round of modernisation at its Nyírbátor factory, where drug products are made. The company invested HUF 5 billion in the project that expanded the...
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HelloFresh to enter the Norwegian market
Meal kit company HelloFresh SE is entering the Norwegian market. Following the group’s successful launches in Sweden and Denmark, the Norwegian market – with approximately 2.5 million households – offers...
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Lucart doubles storage capacity and introduces innovative palletising robots
In July Lucart Kft.’s new, nearly 4,600m² warehouse opened, doubling the company’s storage capacity to approximately 10,000 pallets. The company also installed innovative palletising robots in its Nyergesújfalu facility. Managing...
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Refresco likely to buy German company Hansa-Heemann
Bottling firm Refresco has concluded an agreement to buy family-owned German mineral water and carbonated soft drinks company, Hansa-Heemann. The acquisition forms part of Refresco’s buy-and-build strategy, which seeks to consolidate...
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Altria Group plans to sell wine business for 1.2 billion dollars
Altria Group Inc wants to sell its Ste. Michelle Wine Estates business to private equity firm Sycamore Partners for USD 1.2 billion, because the tobacco company seeks to concentrate its...
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Lidl to put animal welfare label on sausages
German discounter Lidl is putting animal welfare labels on sausages sold under its private-label Metzgerfrisch. The label indicates the level of animal husbandry standards in the supply chain and helps...
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Poland’s Żabka launches new parcel service
Polish retailer Żabka is introducing a new service: customers can drop a parcel at a Żabka store addressed to an individual for pick up. Users only need to submit a...
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Nébih completes study on the double standards in food quality
By analysing more than 300 products, the National Food Chain Safety Office (Nébih) compared 117 product pairs and trios between 2018 and 2021. The goal of the EU-funded project was to...
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Continente unveils soups without added salt
Portuguese retailer Continente has expanded its Equilíbrio soup range to include products without added salt, colourings or preservatives. The soups are produced in Portugal, using quality fresh vegetables and extra...
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Delhaize rolls out wine in paper bottle in Belgium
Delhaize Belgium has rolled out a new wine in an innovative bottle made of recycled paper: Planet B wine comes in a so-called ’Frugal bottle’, made of 94 percent recycled...
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Smurfit Kappa buys Mexican company Cartonbox
Smurfit Kappa Group has acquired Cartonbox, a folding carton company situated in Monterrey, Mexico. The acquisition sees the group strengthen its participation in the paper packaging solutions business in Mexico:...
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AB InBev to open a marketplace in Brussels
In partnership with real estate developer Extensa, brewer AB InBev plans to open a food market at Gare Maritime in Brussels this autumn. There will be 10 restaurants, covered terraces...
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Grana Padano and Parmigiano Reggiano cheese makers oppose NutriScore
Producers of Parmigiano Reggiano and Grana Padano cheese in Italy have joined forces to oppose the nutritional labelling system NutriScore. The cheese producers say: the system is misleading and deceptive,...
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Albert Heijn adds new products to the Streeckgenoten range
Dutch retailer Albert Heijn has added nine fish products to its private label range Streeckgenoten. The packaging of the new SKUs features the places and fishing companies where the Streeckgenoten...
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Mere stocks up before opening first UK store
Russian discount chain Mere is set to open its first UK store in Preston. The discounter is now accepting deliveries of stock as it continues preparing for the opening. More...
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