Market News
NGM: the number of successful businesses with female management is increasing
The number of successful businesses with female management is increasing – stressed László Hunyadi, the Deputy State Secretary responsible for business development of the Ministry of National Economy (NGM) on...
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The Hungarian M&A market is gaining momentum
Despite the geopolitical uncertainties, the domestic transaction market remained active, according to EY’s recent report evaluating corporate mergers and acquisitions (M&A). Although the number of transactions decreased, their estimated value...
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On a winding trajectory
2023 was more predictable for the poultry market than 2022 had been. However, the effects of the inflation in 2022 haven’t gone away without a trace: retail sales aren’t yet...
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Game spotting
This article is available for reading in Trade magazin 2024/10 Retail trade continues to show a keen interest in game meat products and consumers are also becoming more open, according...
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Arla launches free milk ATM to mark Fareshare partnership
Arla Foods has launched the UK’s first free milk ATM in a London pop-up collaboration with Fareshare, to raise awareness of dairy poverty. Dubbed ‘The Milk Bank ATM’, the innovative...
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Kaufland Slovakia emphasizes local ranges
Kaufland shows its support for domestic Slovak producers. Industry reports show a general decrease in the share of national products on the shelves of large retail chains. Legislators repeatedly discuss...
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Soccer star Harry Kane invests in porridge-maker 3 Bears
England soccer star and Bayern Munich striker Harry Kane has invested in porridge manufacturer 3 Bears, launching his first ever business venture in Germany. Kane, who has been playing in...
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Tesco Ireland Invests €200m In Irish Supplier Partnerships
Tesco Ireland has invested over €200 million in renewals and expansions, as it redoubles its commitment to multi-year partnerships with Irish suppliers. Ireland’s number-two retailer has announced that it will...
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Growing international interest in Hungarian-developed products with reduced deuterium content
With the support of the Hungarian Export Development Agency Nonprofit Zrt. (HEPA), HYD Rákkutató és Gyógyszerfälzejő Kft. participated in the world’s most important pharmaceutical industry event, the CPhI Exhibition, which...
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The price of butter has risen to a record high in Europe: bakeries and confectioneries face challenges
The price of butter has set a historic record in Europe, which presents serious challenges to bakeries and confectioners, especially in preparation for the upcoming Christmas season. Several factors are...
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The price of root parsley in Poland is at a historic high
At the beginning of October, there was a slight price drop in the root parsley market in Poland. Even though prices have decreased somewhat, vegetable prices are still at historic...
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Dramatic decrease in rapeseed area in Hungary
The cultivation of autumn rapeseed shows a significant decline in Hungary. While in 2018, the rapeseed area was 330,000 hectares, this year it is expected that it will not even...
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Hurricane Milton is also affecting the global orange juice market
Hurricane Milton severely affected Florida’s orange production, causing significant crop losses in the state’s most important citrus regions. The state has been dealing with a disease called citrus greening for...
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Table grapes can withstand climate change well
Fruit growing faces more and more challenges due to the changing weather, but table grape growing promises an encouraging future in Hungary. According to the analysis of the National Chamber...
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Difficult years in the Hungarian food industry: Éder Tamás on the downturn
In the past three years, the performance of the Hungarian food industry has been extremely volatile, which was reinforced by market challenges and the changing regulatory environment. At the CIB...
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The Hungarian presidency wants competitive and sustainable agriculture
The Hungarian Presidency of the Council of the European Union wants an agriculture that is competitive, crisis-proof and sustainable, farmer-friendly and knowledge-based, the Hungarian Minister of Agriculture stated on Monday...
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The bird flu virus was also detected in Csongrád-Csanád county
After the counties of Békés and Jász-Nagykun-Szolnok, the presence of bird flu was also identified in the county of Csongrád-Csanád by the laboratory of the National Food Chain Safety Office...
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Beiersdorf Outlines Plans To Be Climate Neutral By 2045
Skincare manufacturer Beiersdorf has said that a ‘far-reaching transformation’ will be required to achieve net zero emissions by 2045, but added that it is committed to the cause. The Nivea...
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The government has opened all possibilities for young farmers
Within the framework of the EU and even in its domestic toolkit, the Ministry of Agriculture has long been making maximum use of all opportunities in order to create additional...
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Asda and Colgate donate 70k dental kits to UK schools
Asda has partnered with Colgate to launch a new initiative that will see more than 70,000 free dental kits sent to over 1,600 schools in some of the most deprived...
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Global sustainable plastic packaging market to grow to $122.4b by 2029
A key driver includes the focus on reusable packaging to meet environmental goals. The global demand for sustainable plastic packaging is projected to grow from $86.6b in 2024 to $122.4b...
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Tens of billions of forints in damages were prevented by the national ice damage mitigation system this year as well
Despite the extremely stormy weather, there was much less ice damage in our country than in other countries of the region. The national ice damage mitigation system operated by the...
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Our country proudly preserves its viticultural and winemaking heritage
Hungary is committed to preserving its viticultural and oenological heritage – Minister of Agriculture István Nagy declared at the conference held on the occasion of the 100th anniversary of the...
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The dominant sector of the food industry is egg production
Egg production is a key sector of the food industry, the competitiveness of which is supported by the Ministry of Agriculture with a number of tools, stated Márton Nobilis, the...
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KPMG develops AI-powered document processing system
With its solutions KPMG Magyarország – 35 years old this year – focuses on enterprise digitalisation and the future-proof use of AI. This article is available for reading in Trade...
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The 2024 Sustainable Future Awards have been presented
A large number of outstanding applications were received for the 2024 Sustainable Future Award. This award, established to recognize exceptional corporate and leadership performance aimed at achieving the Sustainable Development...
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Looking at the past decade, carbon dioxide intensity decreased the slowest globally last year
For more than 20 years, the G20 countries have not been able to achieve a carbon dioxide reduction rate higher than 11.5% per year, therefore a decarbonization of 20.4% worldwide,...
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World Food Day 2024 is approaching
The cooperation that spans more than 150 countries around the world is what makes World Food Day, which was born on Hungarian initiative, stand out from other UN days. The...
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VOSZ Barometer: the mood in the entrepreneurial sphere is deteriorating again
The third quarter results of the VOSZ Barometer 2024 decreased in most parameters – it was revealed at the joint press conference of the National Association of Entrepreneurs and Employers...
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