Market News
Sándor Farkas: area-based support should remain in the seven-year EU budget after 2028
Hungary would like both the currently valid area-based support and the support provided under rural development programmes to remain in the EU budget period after 2028, the Parliamentary State Secretary...
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Viktor Orbán presented the four points of the Hungarian economic strategy
Prime Minister Viktor Orbán outlined the four key pillars of Hungary’s economic strategy at the 2025 Economic Opening Ceremony. At the event, the Prime Minister spoke not only about future...
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A turnaround in the economy can already be observed in eight areas
Nagy Márton kiemelte, a magyar gazdaságban rövid távon a legnagyobb kihívás az infláció, mert “sosem nyugszik, jön vissza”. Rámutatott, hogy januárban az infláció 5,5 százalék, az élelmiszerinfláció pedig 6 százalék volt,...
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January was surprisingly good for retail
Compared to the weak end of the year, retail sales increased by 2.2%, which is a very high monthly change. This can be attributed mostly to the non-food category, as...
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Mihály Varga: economic stability is the most important thing
Mihály Varga, the newly appointed Governor of the Hungarian National Bank (MNB), emphasized in his speech at the 2025 Economic Year Opening Ceremony that a disciplined and patient monetary policy...
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New subsidies help dynamically developing Hungarian beef cattle farming
Among the livestock sectors, the beef cattle sector has produced the largest expansion in the past 25 years. In recent years, the demand for breeding animals has also been outstanding,...
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Women leaders shaping the future – increasingly influential in the business world
The role of women in the economy is growing stronger year by year, and this is now also confirmed by the numbers; today there are more than a thousand businesses...
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Employing women can significantly increase productivity
The 12th edition of PwC’s Women in Work (WiW) report examines gender equality in the workplace across OECD countries. While the findings suggest positive progress, the transformative impact of current...
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Márton Nagy: we are fighting against unjustified price increases and price gougers
In order to reduce food prices and take effective action against price gougers, Minister of National Economy Márton Nagy held talks on Thursday and Friday with representatives of the National...
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István Nagy: in recent years we have consciously helped animal keepers in preventing epidemics and animal diseases
Food of animal origin placed on the market in Hungary is completely safe and will remain so thanks to strict epidemic control measures, the Minister of Agriculture said in a...
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The ASP situation is worsening in more and more neighboring countries
In recent weeks, the Romanian authorities have identified an ASP outbreak in several large pig farms in Timișoara County (Romania), which is close to the Hungarian border. In Croatia, the...
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AM: applications can be submitted for support for complex irrigation development investments
The fact that the tender for support for complex irrigation development investments has been opened with a budget of 50 billion forints is a further help for farmers – Zsolt...
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China’s consumer price index fell in February for the first time in over a year
China’s consumer price index fell for the first time in more than a year in February, with food prices falling by the most in 13 months. Producer prices also fell...
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Israeli startup applies artificial intelligence to agriculture
An Israeli startup called Fermata, which applies artificial intelligence (AI) technology to agriculture, has secured a $10 million investment in its development. The Israeli startup, which is developing a “digital...
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Climate change research group formed at the University of Szeged
A group bringing together research on climate change in various scientific fields has been formed at the University of Szeged (SZTE), the public relations directorate of the higher education institution...
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A Hungarian research group has developed a gene editing process for producing new grain varieties
The cereal grain research working group of the National Laboratory for Agricultural Biotechnology and Precision Breeding for Food Security has developed a gene editing process for producing economically useful grain...
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BAILEYS DROPS A CREAMY, NON-DAIRY LIQUEUR MADE WITH OAT MILK
Coffee and oat milk lovers, rejoice! Meet the newest way to make your next drink order more than a little treat. Baileys, the creator of Original Irish Cream Liqueur, is...
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Exemplary women in Univer’s Capsicum Club
Univer Product Zrt. organized a special event on the occasion of Women’s Day on March 4th at the recently opened Capsicum Club. The event addressed important issues such as whether...
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EU Commission gives the green light to Alcohol-Free Organic Wine
Organic winemakers will now be allowed to de-alcoholize their wine without losing its organic certification. The EU Commission has decided to amend the EU Organic Regulation accordingly. German Minister of...
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Zsolt Feldman: current developments could determine the future of winemaking for decades
The future of Hungarian winemaking could be determined for decades by current developments, producers must adapt to the changes shaping the market in the long term – said the State...
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Nébih: authorities apply the disposal solution with the lowest epidemiological risk when treating foot-and-mouth disease
The National Food Chain Safety Authority (Nébih) and local animal health authorities are using the disposal solution with the lowest epidemiological risk, burial, when treating foot-and-mouth disease (FMD), Nébih told...
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Last year, the performance of animal husbandry also expanded dynamically in the EU comparison
According to the latest EU data, Hungary produced the fifth highest growth in pig and poultry slaughtering among the European Union member states, and the second highest growth in milk...
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KPMG says energy sector remains optimistic about economic growth
Geopolitics was the biggest challenge facing the energy sector last year. 55 percent of CEOs ranked it first, ahead of economic uncertainty and the competitive environment caused by Gen AI,...
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Danish market leader enters Baltics after acquisition
Salling Group is acquiring 314 Rimi supermarkets in Estonia, Latvia and Lithuania from Sweden’s ICA Gruppen – Retail Detail reports. This will make the Danish retailer the number two in...
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István Nagy: the government significantly supports the renewal of agriculture
The government significantly supports the renewal of agriculture, and that the workers in the sector can meet the challenges of the new era – emphasized István Nagy, Minister of Agriculture,...
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Hungary’s most comprehensive Generation Z research published
The Gen Z Report, Hungary’s most comprehensive research on Generation Z to date, was published in professional cooperation between Diverzum, Quantum Digital Student Cooperative, Steigervald Krisztián (SteiGen) and PwC. The...
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Intersnack Hungary will ship its new snack from Győr to thirty countries
The manufacturer of Chio products has started making its new potato-based snack at its Győr plant. The so-called oven chips production line cost 8 billion forints, and this oven will...
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Foot-and-mouth disease has appeared in Hungary
The laboratory of the National Food Chain Safety Authority (Nébih) has identified the foot-and-mouth disease (FMD) virus on a cattle farm in Kisbajcs. The national chief veterinarian ordered immediate official...
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Hungarian Central Statistical Office: retail turnover in January exceeded the same period of the previous year by 4.7 percent and the previous month by 2.2 percent
In January 2025, the volume of retail trade turnover, both in raw and calendar-adjusted data, exceeded the same period of the previous year by 4.7 percent. The volume of sales...
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The Hungarian National Trade Association takes action against food inflation
Without the cooperation of food manufacturing and supplying companies, the retail sector cannot significantly influence inflationary trends, which is why they are rejecting the price increase initiatives currently announced by...
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