Market News
Aldi UK invests record-sum in store expansion
Aldi in the UK announces a record £800 million (€ 928 million) investment in its store network. Last year, Aldi’s net sales grew by a historically high 16%, more than...
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Beef exports decreased by 24.7 percent
According to AKI’s slaughter statistics data, cattle slaughter in January-July 2024, expressed in live weight, was 10.2 percent lower than the amount in January-July 2023. Cows, which accounted for two-thirds...
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Winners of this year’s Symbol of Sustainability competition announced
Trade magazin has organised the Symbol of Sustainability competition for the fifth time. From the entries 14 winners were selected in seven categories. Symbol of Sustainability seeks to showcase successful...
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Inflation is now falling, but another increase is expected by the end of the year
Hungarian inflation eased in August, but it is expected to rise again by the end of the year, according to the analyzes of experts interviewed by Portfolio. Based on the...
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MTÜ: rural coffee houses and catering establishments specializing in non-alcoholic beverages can call for support worth HUF one billion
Around a thousand rural cafes and restaurants specializing in non-alcoholic drinks can apply for non-refundable funds worth HUF one billion from Monday, the Hungarian Tourism Agency (MTÜ) told MTI on...
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Drought-stricken vintage: smaller quantity, but outstanding quality in winemaking
The 2023 wine season was extremely special in Hungary, defined by drought and hot, sunny summer months. According to winemakers, this year’s harvest yielded a smaller quantity, but it can...
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Large British supermarkets limit cash payments
A growing number of British supermarket chains are deciding to limit cash payments in some of their stores or services, thus prioritizing digital and contactless transactions. Tesco, Asda and Sainsbury’s...
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Business service centers are ushering in a new era with artificial intelligence
More than 200 business service centers (SSC – Shared Services Center) operate in our country, which face increasing challenges in the field of innovation. In accordance with the expectations of...
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Companies are looking for the most recent graduates in the fields of engineering and finance
Although the opportunities for career starters with a higher education have narrowed somewhat compared to last August, there are still a number of areas that stand out, where the masses...
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Then the doctor came…
The Food and Agriculture Organisation of the United Nations (FAO) defines functional foods as those that provide specific health benefits beyond basic nutrition, including the prevention and treatment of illnesses...
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A piece of Bonn in Budafok as part of the Budafok Champagne and Wine Festival
As part of the series of events of the 34th Budafok Champagne and Wine Festival, Bonn Park was inaugurated in Budafok. Ferenc Karsay, mayor of Budafok-Tétény, Jochen Reeh-Schall, mayor of...
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Philip Morris to build nicotine pouch factory in the United States
In the next two years Philip Morris International plans to invest USD 600m in a plant in the United States to produce Swedish Match ZYN nicotine pouch. This article is...
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AI could cause $1.6 trillion impact by 2030 — these retailers lead
Retailers stand to benefit from artificial intelligence, some more than others. The top 207 North American public retailers and restaurants could see nearly $1.6 trillion financial impact through the end...
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With intensive cultivation technology, the market for domestic walnuts can rise again
There is a demand for domestic walnuts, but for successful cultivation, a change of attitude is needed on domestic plantations – it was said at the walnut trade day organized...
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Unilever turns to generative AI to cut costs and boost growth
Unilever has teamed up with digital solutions company Accenture to introduce generative AI, in a bid to reduce costs and drive efficiency. The food and drink manufacturer has expanded its...
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Kaufland favours Bioland meat
Kaufland is expanding its organic range to include meat products produced in accordance with Bioland guidelines. 17 items, including minced meat and schnitzel, are now Bioland-certified. The food retailer Kaufland...
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The corn and sunflower yield forecast has been changed
By the beginning of September, agricultural chamber yield estimation data based on both satellite and producer data are available for domestic corn and sunflower. For the former, the third lowest...
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The FAO food price index decreased slightly in August
According to the Friday report of the UN Food and Agriculture Organization (FAO), the world market index of food commodities decreased slightly in August, as the drop in quotations of...
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Mihály Varga: the prospects for the Hungarian economy are good
The prospects for the Hungarian economy are good, the current moderate economic growth is accelerating – said Minister of Finance Mihály Varga at the closing plenary session of the 62nd...
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KSH: industrial production fell by 1.3 percent in July
In July 2024, the volume of industrial production was 1.3 percent lower than a year earlier, adjusted for the working day effect, the Central Statistical Office (KSH) reported on Friday...
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Extra costs of the start of the school year: most parents spend more than just on school supplies
The costs of starting school in September go far beyond stationery and classical equipment. According to a recent survey by Pepita.hu, sports and the purchase of a new desk or...
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Hungary’s milk consumption is above the world average
More than 6 billion people worldwide consume milk and milk products, and the global average is 87 kg per person per year, according to FAO 2021 data. During the last...
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Apple harvest and prices: further shortages and price increases are expected during the season
According to FruitVeb’s forecast, the 2024 apple harvest may decrease significantly in Hungary, which predicts a 10-15 percent increase in the price of edible apples on store shelves. This season,...
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Health, nature, wallet
Organic food is defined as products that don’t contain artificial additives or preservatives, and are grown and produced without the use of synthetic chemicals, pesticides or genetically modified plants or...
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We value and strongly support the work of beekeepers
The activity of beekeepers makes our environment livable and sustainable. Honey can be imported, but pollination cannot, but without it, there is no future and no food security either –...
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Apple Tap to Pay has arrived in Europe: it can revolutionize commercial payments
Apple’s new payment service, Tap to Pay, arrived in Europe this year and simplifies payment processes by turning iPhones into POS terminals. The technology allows users to make contactless payments...
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Drought-stricken crop prospects: tragic domestic corn and sunflower harvest in 2024
By the beginning of September, final estimates of this year’s Hungarian corn and sunflower harvest will be available, which were prepared by the National Chamber of Agrarian Economy (NAK) based...
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The Online Platform Dispute Settlement Council begins its operation
The range of legal remedies against certain measures of online platforms that negatively affect users has been expanded following the transposition of the European Union’s digital services regulation. The president...
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Revolut is introducing a serious change
Revolut introduces new cryptocurrency payment cards that allow users to make daily purchases with cryptocurrency. The new virtual cards can be integrated with the Apple Pay and Google Pay systems,...
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A strong European agriculture is in the interest of all of us
Strong European agriculture is a strategic issue not only for farmers, but for all EU citizens, which the European Commission must help with by all means. This is what the...
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