Market News
Expansion and existing shops push Action sales 20 % higher
Sales at Dutch non-food discounter Action continue to rise substantially: in the first half of 2024, they grew by more than 20 % to 6.2 billion euros. Further growth should come from Italy, among...
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Britain first in Europe to approve lab-grown meat for pet food
Lab-grown meat has been approved for pet food in Britain, making it the first country in Europe where the products will be available to buy. UK regulators have authorised British...
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Mars leverages AI app predicting blood sugar responses to food
Acquiring data about consumers’ blood sugar responses to certain foods is an expensive effort, but it is becoming much cheaper and easier through artificial intelligence (AI). A collaboration between Mars,...
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Favorable changes in the support system of the sheep sector
There are serious opportunities for the domestic sheep industry, which is why the Ministry of Agriculture revised the system of subsidies related to the sector. As a result, starting from...
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Agrometeorology: moderate heat is coming, with little precipitation
In the heat that lasted for ten days, showers mostly brought relief only in a scattered manner, but on Wednesday there were severe thunderstorms accompanied by downpours in many places...
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The country is again free of highly pathogenic bird flu
According to the relevant regulations of the World Organization for Animal Health (WOAH), Hungary regained its freedom from highly pathogenic avian influenza. The favorable status for the entire country allows for...
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OKSZ issued a statement in the case of János Lázár vs Fanta
The National Trade Association rejects the totally unfounded accusations of János Lázár in the position of the Minister of Construction and Transport, concerning the traders, which otherwise arose in connection...
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SAP Business AI speeds up the operation of an e-sports team
The Team Liquid team, one of the most well-known e-sports formations, received invaluable professional support by being able to evaluate their matches and their opponents’ past and expected future moves...
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Heat and shopping frenzy: a wave of sales on the household appliances market
The long-lasting hot weather puts not only people to the test, but also household appliances, so in the past few days various appliances have stopped working en masse. Due to...
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Artificial intelligence is integrated into the financial processes of companies
There is no area of company operation that is not affected by the use of artificial intelligence. “The question is not how many people’s work will be replaced by AI,...
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In Poland, industrial production increased and the decline in producer prices slowed in June on an annual basis
In Poland, against the expected decrease, industrial production increased year-on-year in June, when the decrease in producer prices slowed down more than expected, according to the report of the Polish...
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Gyopáros Alpár: The settlement of Elek implemented HUF 360 million development through the Hungarian village program
Elek implemented HUF three hundred and sixty million developments through the Hungarian Village Program (MFP), the government commissioner responsible for the development of modern settlements said on Thursday in the...
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Fanta quality issue: double quality and legislation at the center
Az elmúlt időszakban újra felszínre került a kettős termékminőség kérdése, ami most a Fanta ürügyén kapott központi szerepet Magyarországon és az Európai Unióban egyaránt. A Coca-Cola válasza, miszerint minden piacon...
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Morrisons partners with Kellogg’s to offer free breakfast clubs
Morrisons has launched free breakfast clubs in its cafés across the UK in partnership with Kellogg’s. From 15 July to 4 August, the supermarket is offering families a free bowl...
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eGrowcery launches AI recipes
Grocers can customize new tool based on shopper preference and inventory Ecommerce platform eGrowcery announced the release of an AI-powered recipe generator tool that includes 70,000 recipes that grocers can...
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Capri-Sun ‘mulls minority-stake sale’
The Swiss-headquartered group is reportedly seeking to raise more than $500m. Juice drink maker Capri-Sun Group is reportedly eyeing a sale of a minority stake in the business. Owned by...
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Climate change will cause food prices to rise further
Significant changes are to be expected in Hungary’s agriculture in the next decade as a result of climate change. According to a recent study by the Potsdam Institute for Climate...
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Research: the financial situation of the middle-aged has become more favorable
The financial situation of the middle-aged has improved, according to the K&H Secure Future research, which examined the subjective income situation. In one year, the proportion of those facing financial...
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Eurozone inflation slowed in June
Annual inflation slowed down in the euro area in June, according to the final data published by Eurostat, the statistical office of the European Union, on Wednesday. In June, annual...
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Zewa: Couples don’t fight over the toilet seat
Using a smartphone is the most common activity while using the restroom, where men spend almost twice as much time as women. Toilet usage habits have already caused conflict for...
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Tamás Éder: significant losses have been accumulated by domestic meat industry companies
The Hungarian meat industry has been struggling with significant challenges lately, which was also reflected in the success of the year 2023. Tamás Éder, president of the Hungarian Meat Industry...
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More than 21,000 people are already working in the Summer Student Work Program
For the twelfth time this year, the government has announced the Summer Student Work program, which is popular across the country, with a budget of around HUF 3.8 billion. Due...
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In Italy, after May, the annual inflation was 0.8 percent in June as well
In line with the preliminary estimate, consumer prices in Italy increased by 0.8 percent year-on-year in June, as in May, the Italian statistical office, Istat, announced on Tuesday as final...
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Beef exports decreased by nearly 20 percent
US beef and veal exports in the first five months of 2024 were 4.9 percent lower than in the same period last year. The export of live cattle increased by 5.2...
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Pernod Ricard forms US whiskey subsidiary
North American Distillers will oversee the company’s American whiskey portfolio. Pernod Ricard has set up a whiskey subsidiary in the US, North American Distillers, to “reinforce its commitment and ambition...
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The tobacco harvest has begun
Looking at the average of the past years, almost 700 producers produce 5,000-6,000 tons of tobacco annually on about 2,800 hectares. The sector, together with those working in processing, provides a...
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Croatia’s Studenac Expands To Slovenia With Kea Acqusition
Croatian grocery retailer Studenac is set to enter the Slovenian market through the acquisition of the Kea retail chain. This strategic move marks Studenac’s first foray into international markets, offering...
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UN: ecommerce nowhere as established as in the Netherlands
No country in the world has as many internet users shopping online as the Netherlands, according to a new report by the United Nations Conference on Trade and Development (UNCTAD)....
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The goal of the Hungarian EU presidency is to represent farmer-centered agricultural policy
The goal of the Hungarian EU presidency is to represent the farmer-friendly agricultural policy, which affects all citizens of the union, because it is important that safe and quality food...
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VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies, while the labor market mood seems to be permanent, and perhaps investments will also return to the level of a...
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