Market News
SME development: the corporate use of artificial intelligence must be encouraged
The government’s priority goal is to improve the competitiveness of domestic SMEs, and for this the corporate use of artificial intelligence (AI) must be encouraged – said the Minister of...
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Rice may become more expensive
The Government of India has considered easing export restrictions on non-basmati rice and other agricultural products to ease the plight of distressed producers and traders. The country’s economy relies heavily...
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Dimensional change in banking: AI-based banks are coming
The next major transformation of the banking sector can be brought about by generative and agentic artificial intelligence (AI) technologies, emphasized Éva Hegedüs, President and CEO of Gránit Bank, at...
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Good wheat harvest this year
In its July forecast, the International Grains Council (IGC) predicts a global wheat crop of 801 million tonnes for the 2024-2025 financial year, up 1% vs. the previous season. This...
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Molson Coors to Bring Australian NA Cocktail Brand to U.S.
Molson Coors announced a strategic partnership with Naked Life, a non-alcoholic ready-to-drink (RTD) cocktail company in Australia, to bring its products to the U.S. market in 2025. With strong growth...
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Hungarian communication associations develop an AI code of standards
A new industry code of standards is being developed to ensure ethical and transparent regulation of the use of artificial intelligence (AI) by the Hungarian communications industry. The rapid development...
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Lidl Italia Expands in Sardinia with New Logistics Centre
Lidl Italia has opened its first logistics centre in Sardinia and its twelfth overall in Italy, investing €70 million in the project. The opening of the logistics centre, which is...
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Diageo sells Pampero Rum to Gruppo Montenegro
Italian spirits and food company Gruppo Montenegro has expanded its portfolio with the acquisition of Pampero rum from Diageo. Pampero is one of the leading Venezuelan rum brands with an...
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Pennsylvania legalises RTD sales at grocery stores
As of this week, sales of canned cocktails are now legal at grocery stores and gas stations in the US state of Pennsylvania. The bill was signed into law by...
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New EU Regulation Targets Deforestation-Free Supply Chains
The European Union (EU) is set to implement a significant new regulation aimed at combating deforestation and forest degradation globally. The European Union Deforestation Regulation (EUDR), which will come into...
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Tech and track: the driving forces of FMCG dynamics
Several factors influence the Hungarian tracking market, such as technological development, for instance the spread of 4G and 5G, and the rise of Internet of Things (IoT) devices. This article...
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SPAR helps small farmers with AI-based app
SPAR Magyarország has further expanded its small producer partner programme: through the Regional Treasures initiative more than 600 new Hungarian products are now available in stores. This article is available...
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K&H and the University of Szeged enter into partnership
A research cooperation agreement signed in June between the University of Szeged and K&H Group seeks to better understand how natural human speech works. This article is available for reading...
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Two hundred billion forints are available for agricultural and food industry developments
From September 17, businesses can apply for two new calls for a total of HUF 200 billion: HUF 150 billion is available for supporting the complex development of processing plants,...
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Does returnable drink packaging strengthen the drive for sustainability?
Gradual climate change is causing social, cultural and economic changes in our daily lives that are constantly shaping our consumption. One of these new domestic regulations that consumers are already experiencing...
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Caution against fraudsters is not enough, more is needed
The appearance of artificial intelligence in the toolbox of financial fraudsters has led to the fact that laymen can no longer trust what they see or hear, because it may...
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Albertsons adds rapid home delivery and pick-up via Instacart
Albertsons Companies, Inc. is expanding its relationship with Instacart and introduces Instacart pick-up services and Albertsons Rapid convenience delivery nationwide. The new services will be available at Albertsons stores and...
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Flood management: the disaster map is also available with us
In the Czech Republic these days, the flood situation is very similar to that in our country: there are places where intensive protection is already required, while in other places...
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The price of red and head cabbage also increased
According to KSH data, 35.3 thousand tons of head cabbage were produced in Hungary in 2023, 11 percent less than a year earlier. According to KSH data, Hungary’s head and...
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Podravka takes over Fortenova’s food division
Croatia’s Podravka has agreed to acquire the food companies of the Fortenova Group. The deal is subject to approval by the Croatian competition authority and other regional regulators. The buyer...
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The Board of Directors of AKKO Invest does not recommend accepting the purchase offer for the company’s shares
AKKO Invest’s Board of Directors does not recommend its shareholders to accept the public takeover offer, since the goals of the bidder belonging to the WING Group are in line...
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Two hundred billion forints are available for agricultural development
From September 17, businesses can apply for two new calls worth a total of HUF 200 billion: HUF 150 billion is available for supporting the complex development of processing plants,...
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Amazon orders workers back to office five days a week
Amazon has scrapped its hybrid work policy, with staff forced to return to the office five days per week from January. Announcing the change in a memo to staff, the...
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Lidl makes non-food a priority
Lidl is strengthening its non-food supply chain. The discounter’s Tailwind Shipping line is launching its ninth ship in two years. Following the successful launch of the Parkside DIY brand, Lidl...
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The price of fodder wheat was 14 percent higher than last year
According to Tallage’s September information, the spot market price of 12.5 percent protein mill wheat in Germany (FOB Hamburg) increased by $29 to $295/ton between August 5 and September 9....
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Nestlé signs contract for first manufacturing facility in Saudi Arabia
Nestlé has signed up for a 117,000 sq m plot in Jeddah’s Third Industrial City. Nestlé is to build its first food factory in Saudi Arabia after signing a contract...
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Aldi Expands Organic Offering In Spain
German discounter Aldi has seen a significant increase in organic product sales in Spain over the past two years. One in five Aldi receipts now includes organic items, and the...
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Sustainable plant protection and food safety in Hungary
In a rapidly changing world, food safety is becoming increasingly important, the basis of which is plant protection. The EU currently operates one of the strictest plant protection product licensing...
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Hungarian Consumption Expected to Recover by 2025
The Hungarian economy has experienced a challenging period over the past few quarters, characterized by declining household consumption and investment. However, according to a recent report by the Equilibrium Institute,...
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Food prices in Hungary have doubled in six years
In the last six years, we have witnessed a drastic increase in food prices in Hungary, where prices have doubled, compared to the average price increase of 40 percent in...
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