Market News
Ministry of Agriculture: Tenders worth hundreds of billions of forints are published
The renewable rural, renewable agricultural programme will give the Hungarian agriculture and food industry a historic development opportunity, said István Nagy, Minister of Agriculture....
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Ministry of Agriculture: by purchasing Hungarian products, we support local economy
By purchasing Hungarian products, we support the prosperity of thousands of Hungarian families and contribute to the protection of jobs in Hungary, to the recovery and development of the Hungarian...
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NAK: reform of the Common Agricultural Policy may be risky
Without a comprehensive impact assessment, the chambers of agriculture of the V4+ countries consider the finalisation of the reform of the Common Agricultural Policy and the ‘Farm to Table’ and...
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Visa Introduces AI-Powered Innovations for Smarter Payments
Visa Inc. (NYSE: V) today announced VisaNet +AI, a suite of AI-powered services that address long-standing challenges and pain points for banks, merchants and consumers—including delays and confusion with managing...
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Laboratory advice for safe opening
Ensuring the flow of water, cleaning and descaling of fittings, continuous air exchange and microbiological testing: among other things, these may be necessary for commercial accommodation to reopen safely. With...
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Takarékbank: a strong GDP growth of 6.6 percent may come this year
Gross domestic product (GDP) may grow strongly by 6.6 percent this year, and GDP may reach pre-pandemic levels in the third quarter – Suppan Gergely, senior analyst at Takarékbank, told...
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Nébih’s inspection found problems in nine out of twenty-three pepper seeds
Twenty-three “fillable” sweet pepper seeds were examined by experts. Two products have problems with germination, and seven have initiated a consumer protection procedure with the involvement of the competent partner...
Read moreAM: the plantation tender has been published
The Ministry of Agriculture (MoD) is announcing a tender with fifteen billion forints in the framework of the Rural Development Program to support plantation and medicinal plant production, Minister of...
Read moreAfrican swine fever can be spread by insects
According to researchers from the University of Agricultural Sciences and Veterinary Medicine in Cluj- Napoca, insects can also spread African swine fever. Mediafax news agency reports that researchers from the...
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Neutrogena and Old Spice build internal content studios
Experiments like internal studios speak to how marketers are working quickly to devise methods of engaging consumers and growing brand trust that step beyond traditional advertising. As people seek ad-free...
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Fidelity: China resurgence leads the way
During the 2008 global financial crisis, China unleashed a huge stimulus package and was very much deemed to be leading the global economy out of the situation. But that led...
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Electrolux research: we wash clothes as if there was no climate change
Nearly two thirds of Europeans (63%) continue to wash at 40°C or higher, despite over a decade of being encouraged to wash clothes at 30°C or lower, according to a...
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Experts see an increase in the price of meat as inevitable
The rise in feed prices worldwide has put livestock farmers in a difficult position, with rising meat prices inevitable, said representatives of producer organizations and agricultural companies attending the Portfolio’s...
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The job market developed favorably in the first quarter
The job market indicators of the first quarter of 2021 developed favorably, compared to the same period of 2020, but the rising job advertisement numbers of the fourth quarter of...
Read moreLast year, brewing and consumption fell in the Czech Republic
Year-on-year, the volume of beer brewed in the Czech Republic fell by 6.9 percent to 20.1 million hectoliters last year – the Czech Brewing Association announced in Prague on Tuesday....
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Every German resident spent more than a thousand euros less last year
The Germans spent 1250-1750 euros less last year than last year. Citizens withheld their spending mainly on services, according to a report by the IW Institute for Economic Research in...
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Fizzy times
András Palkó, marketing operations manager of Coca-Cola HBC Magyarország told our magazine that buying and consumption habits have changed in the soft drink market due to the pandemic. Still, in...
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Organic Lager Now Being Brewed with 100% Solar Electricity
Michelob Ultra Pure Gold is now brewed with 100% renewable electricity from solar power. To mark the announcement, the certified-organic lager teamed with Colombian musician Maluma on a new song....
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Magazine: Yogurts make us healthier!
Last year was an adventurous one for the yogurt category. The high season was just about to start in March, but in the panic-buying that commenced due to the pandemic...
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The Budaörs peach received EU protection
On Monday, the European Commission protected the name Budaörs peach (Budaörsi őszibarack), bringing the number of Hungarian geographical indications protected in the EU to 67. The use of geographical indications...
Read moreFreight traffic at the Liszt Ferenc Airport was at a record level in the first quarter
Between January and March, the Liszt Ferenc International Airport handled 39.5 thousand tons of cargo, which is a 19 percent increase, compared to the same period of the previous year...
Read moreMTSZ: Hungarian signatures for European initiative to save bees have been gathered
A sufficient number of 15,750 signatures have been collected from Hungary wthin the Save the bees and farmers! European Citizens’ Initiative – the Hungarian Association of Nature Conservationists told MTI...
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Trademark is the best indicator for being Hungarian-made
According to a 500-respondent representative survey conducted by InnoFood Marketing at the end of January 2021, for 84.2 percent of consumers it is trademarks that help to identify the Hungarian...
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Less impulse buying, but the trends continue
Chocolate, wafer and biscuit sales were affected very much by the COVID-19 pandemic. According to Sándor Sánta, president of Hunbisco, the Association of Hungarian Confectionery Manufacturers, sweets basically disappeared from...
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Sydney to create ‘world-class boulevard’
Sydney is to invest $43.5 million converting the city’s downtown retail destination George Street into what it hopes will become a ‘world-class pedestrian boulevard’. New Italian style grocery comes here...
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The traditional Hungarian flavours are still popular
Hungarian, high-quality ingredients are gaining ground when buying food, and according to the latest trend, traditional methods of preparation are also being rediscovered. We are also culturally connected to Hungarian...
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GVH draws attention to fraudulent websites
The Competition And Markets Authority (GVH) has recently received an increasing number of consumer signals about substandard websites advertising various health products. The websites on the competition authority’s horizons first...
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The Hungarian labour hire market is cleaning up
As provided for by the European Union, the Hungarian VAT Act was amended from 1 April 2021. In this sense, the VAT treatment rules for temporary agency services have also...
Read moreAfter the weak first quarter, the Beer Association is confident in the recovery of the domestic beer industry
The Hungarian beer industry closed a weak first quarter, but the largest producers are confident that the turnover will pick up for the rest of the year, said Sándor Kántor...
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GKI’s consumer confidence index jumped to a one-year high in April
The GKI consumer confidence index jumped to a one-year high of minus 24.5 points in April, but is still significantly below the level of minus 12.1 points in March 2020...
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