Market News
The price of eggs has dropped significantly
Based on data from the European Commission, EU (EU27) egg and egg product imports increased by 23 percent to 47,000 tons in the first five months of 2024 compared to...
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DS Smith invests more than EUR 50m in Portugal
DS Smith has invested more than EUR 50m in its Portuguese facilities over the past three years to promote innovation, sustainability and the circular economy, with a special focus on...
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The call for tenders to support plantations has opened
Applications for support can now be submitted for the “Horticulture – support for planting plantations and medicinal plant cultivation” announced by the Ministry of Agriculture with a budget of HUF...
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Carrefour Teams Up With Dubai’s Apparel Group To Expand Into India
French multinational retail giant Carrefour is launching a franchise partnership with Dubai-based Apparel Group to establish its presence in India. The partnership will be aimed at North India initially, with...
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Valeo Foods To Acquire Confectionery Firm I.D.C. Holding
Valeo Foods Group has agreed to acquire I.D.C. Holding, a producer of wafers, biscuits, chocolates and other confectionery items in Central and Eastern Europe. The deal, subject to closing conditions...
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German government develops ‘ecommerce action plan’
German Minister for Economic Affairs and Vice Chancellor Robert Habeck is working on an ecommerce action plan. With this plan, the government aims to create a level playing field between...
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Farmer-friendly agriculture is the goal of the Hungarian EU presidency
The Hungarian EU presidency is focusing on how EU agriculture can be farmer-friendly and farmer-centered, the Minister of Agriculture said on Tuesday in Budapest, before the informal meeting of the...
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K&H: 100-year average result was surpassed: nice gains in the market
There is life beyond the safest investments. In the first eight months of this year, one of the most important American stock indexes, the S&P 500, gained 20 percent in...
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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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