Market News
Exports of live pigs and pork also decreased
According to data from the European Commission, in January-October 2023, the European Union sold 20 percent less (3.5 million tons) of fresh, frozen and processed pork on the international market...
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Barilla Group provides a minimum of 12 weeks out for all parents starting January 1st 2024
With a new Global Parental Leave Corporate Policy effective on January 1st 2024, Barilla will offer a minimum paid parental leave of 12 weeks for all parents, a total of...
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Auchan, Carrefour, Intermarché team up to buy 288 Casino stores
The deal is finally done: three French retail groups team up to acquire 288 Casino stores for 1.35 billion euros. New in the endeavour is Carrefour, which takes over 26 stores. French map...
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The Soil-X-Change project has started
The Soil-X-Change project started under the leadership of a Hungarian consortium (Innomine) with the participation of 9 countries. At the “kick-off” project starting meeting held in Budapest on January 23-24,...
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The solvency of the population may slowly return to the pre-war level
In the last quarter of last year, the solvency of Hungarian households rose again, although the decline of recent years has not yet been reversed, according to the new solvency...
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Egg consumption has fallen in Hungary
In the last month of the last year, consumption habits in Hungary showed many interesting and special changes. In addition to the significant decrease in egg consumption and the skyrocketing...
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ESG Act: Sustainability risk management by publishing the ESG report of large companies
A new reporting obligation awaits domestic enterprises under the so-called According to the ESG law. In the ESG report, which also supports a favorable credit rating, the companies concerned must...
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NGM: the Conciliation Forum of the Chambers of Commerce held its first meeting this year
The Conciliation Forum of the Chambers of Commerce held its first meeting this year, and Márton Nagy encouraged the members to develop proposals supporting the restoration of economic growth, the...
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GKI: The government’s economic policy leads to the recovery of the future
Last year, the Hungarian economy overcame the most difficult phase of the crisis caused by the domestic economy caused by the division before the 2022 elections, and the global economic...
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DSV Hungary supported a 24-hour logistics competition
This year, the Neumann János University in Kecskemét announced a two-round logistics competition for the 8th time, the main sponsor of which this year was DSV Hungary. The special feature...
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K&H: the future of agriculture depends on young agricultural professionals
Well-trained agricultural professionals have a special role in the implementation of solutions that determine the future of agriculture – K&H told MTI on Monday in connection with the announcement of...
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István Nagy: European agricultural production and trade must be protected
European agricultural production and trade must be protected, the extension of the autonomous trade liberalization measure (ATM regulation) is unacceptable, the Minister of Agriculture wrote on his social media page...
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Private Label Market Share Reaches Record High In Italian Retailers
Retailers in Italy are increasingly turning to private-label products to help counter inflation and the loss of purchasing power of Italians, who have long been fond of big brands. The...
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Polish minister: the EU green agreement is too much of a burden for Polish agriculture
The European Green Agreement is too much of a burden for Polish agriculture, the Ministry of Agriculture in Warsaw will strive to change this, Minister of Agriculture Czeslaw Siekierski announced...
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Nestlé Introduces First KitKat Using Cocoa From Income Accelerator
Nestlé has announced the introduction of the first KitKat bars produced from cocoa mass made from beans grown by farmer families engaged in the company’s income accelerator, to European markets....
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Target to add 1K wellness products to offering
The retailer is introducing hundreds of exclusive items and has also launched an online wellness destination. Target plans to add more than 1,000 new wellness-related products, the retailer announced Wednesday....
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More improvements to the eGN system
The National Food Chain Safety Office (Nébih) informs users that the new version of the eGN system went live on January 26. The newly released version of the program fixes...
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An insulated hall was created at the premises of Állatház Kft. in Alsótold
An isolation hall was set up at the site of Állatház Kft., which deals with the testing of animal medicines, in Alsótold, Nógrád County; for the investment with a total budget...
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MGyT: peppermint is the herb of the year
The Medicinal Plant Department of the Hungarian Pharmaceutical Society (MGyT) has chosen peppermint as the medicinal plant of the year in 2024, the organization announced to MTI on Saturday. According...
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NAK: the Hungarians unitedly supported the domestic farmers in the national consultation
The Hungarians unitedly stood up for the domestic farmers in the national consultation – the president of the National Chamber of Agrarian Economy (NAK) wrote on his Facebook page on...
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Márton Nobilis: the food industry is an important strategic sector
The food industry is an important strategic sector, which also determines the sovereignty of a country – said Márton Nobilis, the State Secretary responsible for the food industry and trade...
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The price of the chips clearly shows the problematic nature of the pricing policy shaping retail trade
The drastic difference in prices of Pringles chips between Hungary and Spain reflects the complexity of the taxation system and VAT rates. The price differences between the two countries have...
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Manufacturers and traders are forced to pay the price of the Red Sea crisis
The world market situation poses challenges to large American and European manufacturing and trading companies that are difficult to find answers to. The focus is on the Red Sea crisis,...
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Businesses are expecting double-digit “corporate inflation” this year – they are looking for a way out with organizational development and export markets
“Anyone who has survived the past year or two as an entrepreneur in Hungary is considered a real hero,” says András Avidor, business development and networking expert. Moreover, according to...
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The Muslim world announced a boycott against several food chains and fast food restaurants
A widespread boycott has been launched in the Muslim world against American and Western European brands, such as Starbucks, McDonald’s, Coca-Cola, Pepsi-Cola, Procter & Gamble, and the French Carrefour. The...
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Instead of the expected improvement, consumer sentiment in Germany worsened
Instead of the expected improvement, the German consumer sentiment index for February of the GfK and NIM (Nürnberg Institut für Marktentscheidungen) market research institutes fell to an almost one-year low....
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Ursula von der Leyen: the agri-food industry needs a long-term perspective
The agri-food industry in Europe needs a long-term perspective and predictable development, which is why the European Union is launching a strategic dialogue on the future of agriculture, said Ursula...
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Alpár Gyopáros: the villages are our future
Villages are our future, they have great potential, because they can provide a quality of life and have a community that cannot be experienced in big cities – said Alpár...
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MAGOSZ and NAK negotiated with the largest Italian agricultural interest representation
The leadership of Coldiretti, the largest Italian agricultural interest representation, was received by István Jakab, president of MAGOSZ, and Balázs Győrffy, president of the National Chamber of Agriculture. According to Ettore...
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Companies are at risk of double taxation due to global tax reforms
Worldwide, transfer pricing conditions are becoming increasingly unpredictable due to global tax reforms and inflation, according to EY’s survey of 1,000 large company executives in more than 40 countries, including...
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