Market News
Summer seasonal inspection: only two counties had problems with plant protection agents
Plant protection agents available from retailers and available from producers were also examined by plant protection inspectors during the summer seasonal inspection. The main purpose of the nationwide investigations was...
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Digital payments are taking over in Hungary: we are ahead of the EU average
In Hungary, the proportion of non-cash payments is constantly increasing, which has now exceeded the EU average. In 2023, the proportion of electronic payments increased by 3 percentage points and...
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GVH investigates green claims related to PET bottles
The Economic Competition Authority (GVH) launched parallel proceedings against several companies, as they probably misled consumers with the claims on the labels of mineral water and soft drink bottles and...
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According to the director of Sió, the prices of fruit juices will continue to rise
In the past year, the price of fruit juices has increased by an average of 9.5 percent. The increase in the price of summer juices can be a surprise, especially...
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Annual inflation in Romania accelerated to 5.42 percent in July, food prices rose by 1.71 percent
Annual inflation in Romania rose to 5.42 percent in July from 4.94 percent the previous month, the National Institute of Statistics (INS) announced on Monday. Inflation in Romania slowed continuously...
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AI is a multifaceted story
Artificial intelligence continues to be the most important topic in Silicon Valley, and companies view the new technology favorably, in which they make significant investments, and even base their operations...
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GKI survey: How will wages develop in Hungary in 2024?
According to KSH data, in May 2024, the average gross salary in the corporate sector was HUF 664,000, which represents a 13% increase compared to the same period in 2023....
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Serious EU challenges in the field of aquaculture
In 2022, the production of aquatic animals in the European Union amounted to 4.2 million tons, the bulk of which, 3.1 million tons, came from traditional fishing. In contrast, aquaculture,...
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A balanced harvest is expected this year on domestic plum orchards
As a result of the frost damage and cold effect caused by the changeable weather occurring nationwide, a larger than usual amount of fruit drop was observed in domestic plum...
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This is how you should buy peaches at a good price
One of the most popular fruits of the summer, the peach, is available in a wide variety, but the prices can differ significantly depending on where you buy it –...
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Sándor Farkas: many unpredictable factors can affect the food supply
Following the questions of Ágnes Vadai, the member of parliament, Sándor Farkas, the State Secretary of the Ministry of Agriculture, informed the public about the expected loss of agricultural crops...
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LG’s anti-discoloration technology for outdoor digital displays is the first to receive UL certification
LG Electronics (LG) presented the so-called Anti-Discoloration™ technology. Certified by the respected standards and testing organization UL Solutions, the new technology helps prevent screen yellowing, a common problem with outdoor...
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Philip Morris to build nicotine pouch production facility in Aurora
Philip Morris International announced plans last week to invest $600 million over the next two years to open a manufacturing facility in Aurora that will produce Swedish Match ZYN nicotine...
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Coop Switzerland Implements New Measure To Prevent Food Waste
Coop Switzerland is freezing select fresh meat products on their ‘use-by’ dates and offering them at reduced prices as part of its efforts to prevent food waste in the fresh...
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Studenac Obtains Loan Worth €40m From EBRD For Expansion
Croatian retailer Studenac has secured a €40-million loan from the European Bank for Reconstruction and Development (EBRD) to support its growth strategy. The funds will be used to acquire additional...
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Turkey increases customs taxes to curb cross-border ecommerce
The Turkish government is implementing drastic tax changes to reduce online consumer orders from foreign online stores. Import duties are set to rise significantly, while the exemption threshold will be...
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EY: Private label products are in an explosive position
Persistent inflation burdens the budgets of households all over the world, which also affects their purchasing habits. In addition to relaxation at home, so-called private label products are becoming more...
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The importance of corporate sustainability reports reaches that of financial reports
Investors all over the world are looking for the opportunity for their investment to have a positive social impact in addition to adequate returns. However, it is easy to get...
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The 2024 summer season brought mixed results for the Hungarian hotel market
While June proved to be one of the best in previous years, the month of July showed a somewhat more subdued performance. The Paris Olympics and other major sporting events,...
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July inflation in Hungary was higher than expected
Against our expectation of 4.0%, the annual rate of inflation rose to 4.1% in July, following the 3.7% annual increase in June. Compared to the previous month, the price of...
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Self-service cash registers are a failure in many places, but they are needed
In the age of automation, retail is increasingly looking to introduce self-service checkouts, hoping to make life easier for customers. The theory is that with self-service systems, fewer cashiers are...
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We also take our favorite toilet paper with us on vacation
It should be clean, lockable and not shared – these are our most important requirements for the toilet when we go on holiday. Compared to weekdays spent at home, almost...
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Small producers in Hungary are in trouble
Dissatisfaction is growing among Hungarian horticultural producers, and many are forced to stop production. The problems plaguing the sector are widely known, and although the agricultural administration is trying to...
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The Hungarian wine industry is facing a decisive period
This year’s extreme weather presented Hungarian wineries with serious challenges, having different effects on individual wine regions. While in Szekszárd they are hoping for rain at the end of August...
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Saving surplus food from agriculture can be decisive
As a result of the growth of the world population, climate change, the Covid pandemic and the economic effects of the war raging next door, the number of hungry people...
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Companies relying on AI may soon be in trouble
The world of artificial intelligence (AI) is increasingly challenged by the fact that real, human-generated data is starting to exhaust itself. According to a Business Insider article, synthetic data could...
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Nébih: the domestic watermelon under scrutiny
During the summer seasonal food chain inspection, the fruit and vegetable quality inspectors of the National Food Chain Safety Office (Nébih) and county government offices inspected 268 distributors and 311...
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The cooperation of winemakers is key in the future
The Somló wine region is an important symbol of Hungarian history and culture, which has preserved its values despite the difficulties of the last century. And today we can once...
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Carlsberg acquires full ownership of South Asia business
The Grimbergen brand owner will take over the remaining 33.33% stake in Carlsberg South Asia for $744m. Danish brewing giant Carlsberg has completed a deal to acquire the remaining shares...
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There is bad news about ultra-processed foods
One of the worrying trends in modern nutrition is the growing consumption of ultra-processed foods, which may contain many health risks. These products, such as ready meals, packaged cakes, soft...
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