Market News
Declining prices on the meat and egg market: significant changes in July
According to the latest report of the Agricultural Economics Institute (AKI), at the end of July 2024, a significant price drop was experienced on the market for slaughter pigs and...
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The price of flour suddenly jumped: what does this mean for bread and bakery products?
The August data of the Pénzcentrum’s monthly updated “bun index” brought a significant surprise: after a long period of stagnation, the price of flour rose by nearly 50% in a...
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The growing popularity of convenience foods: how is food consumption changing?
The increasingly fast pace of life in modern society is accompanied by the relegation of traditional home cooking and an increase in the demand for convenience foods. For people, simplicity...
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It will be more expensive, but starting school means less of a burden
Despite rising costs, this year overall, families feel the start of the school year to be somewhat less of a burden, according to Erste’s representative research. However, the majority still...
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The DRS system and changes in consumer habits
On July 1st, the beverage packaging collection system was launched in Hungary, the aim of which is to encourage the population to recycle. From this date on, producers can only...
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In July, the rate of increase in consumer prices accelerated in the euro area and the EU
In July, the rate of increase in the consumer price index accelerated in the euro area and in the European Union, according to the final data of the EU’s statistical...
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The decline of the Mako onion: what will be the fate of the traditional onion?
Red onion is an essential ingredient of Hungarian cuisine, without which a domestic dish is almost unimaginable. The Makó onion, which is known worldwide for its quality and taste, was...
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The annual decline in producer prices slowed down in Germany in July
In Germany, producer prices fell by 0.8 percent in July compared to a year earlier, which is a slowdown after the previous month’s 1.6 percent year-on-year fall, but it was...
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Beyond Balaton: List of Hungary’s favorite lakes
Lake Balaton is undoubtedly Hungary’s most popular summer destination, but many people complain about the crowds and high prices. However, there are many other lakes in our country that offer...
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Organic farming can be strengthened in Hungary
Climate change, the harmful effects of industrial agriculture and the increase in health risks are increasingly emphasizing the importance of sustainability and environmental awareness in agriculture. Worldwide, increasing attention is...
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The Hungarians’ vision of the future is not very optimistic
The vast majority of middle-aged Hungarians expect that their state pension will be low, so they have to work for a living while they can. In this situation, the best...
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Record-breaking heat and drought in Hungary: serious damage and forecasts
The extreme heat experienced in recent days has serious consequences in Hungary. On Thursday, a third-degree heat alert was in effect in four counties, and from Friday, the heat will...
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The food industry faces serious challenges
The past few years have brought a busy period for the Hungarian food industry, which continues to show a heterogeneous picture in terms of ownership, company size, technology and management...
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GVH president: Simplified administration in merger cases is becoming more and more popular among companies
The Economic Competition Authority (GVH) is trying to contribute to the reduction of the administrative burden of domestic enterprises with a number of initiatives. Balázs Csaba Rigó, president of the...
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German exports fell by 1.6 percent and imports by 6.2 percent in the first half of this year
Germany’s exports and imports decreased in the first six months of this year compared to the same period last year, the German statistical office Destatis announced on Monday. German exports...
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American retail sales expanded more significantly than expected in July
Retail sales in the United States expanded more significantly than analysts had expected in July on a monthly basis, but accelerated growth was also recorded in an annual comparison. Bureau...
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Changeable weather and an early harvest define this year’s plum season
This year, the amount of plum harvest may turn out to be more favorable compared to previous years, despite the fact that due to spring frosts and the cold effects...
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Balaton’s free beach was closed
The Veszprém County Government Office temporarily closed the Somos free beach from August 16 due to the deterioration of the water quality of Lake Balaton. According to some reports, the...
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ÉKM: municipalities and employers can once again apply for the bicycle-friendly title
The Ministry of Construction and Transport (ÉKM) and the KTI Hungarian Institute of Transport Science and Logistics are once again announcing the Bicycle-friendly settlement and Bicycle-friendly workplace tenders, to which...
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Häagen-Dazs Launches Limited-Edition ‘Emily In Paris’ Ice Cream
Ice cream maker Häagen-Dazs has unveiled a new global campaign, Be More Emily, as the show Emily in Paris returns on Netflix with its fourth season on 15 August. The...
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Aldi axes click-and-collect service to focus on ‘keeping prices low’
Aldi will put an end to its click-and-collect service to focus on offering the “lowest possible prices” for customers. Shoppers will be able to order online for collection for the...
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Thousands of sales assistants will be missing from the German retail sector by 2027
The German food retail sector will be facing a massive shortage of skilled labour by 2027, particularly in sales. According to a study by the German Economic Institute, thousands of...
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Flour is more expensive: a 10 percent price increase is expected
The price of flour in Hungary is about to rise significantly, by about 10 percent, which is caused by several factors. Zoltán Lakatos, the president of the grain processing department...
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Guinness is the official beer of the Premier League
Guinness has announced its first global football partnership. The four-year deal, which starts in the 2024/25 season, will see Guinness become the official beer of the Premier League and Guinness...
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eMAG came up with a fashion store section
Az eMAG online áruház újabb mérföldkőhöz érkezett a Divatbolt szekció elindításával, amelyben több mint 600 ezer féle ruházati termék, cipő és kiegészítő vált elérhetővé. Az online vásárlási élmény fokozása érdekében...
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Tokaj wineries: a wide spectrum in financial performance
The wines of the Tokaj wine region are famous worldwide, but the financial performance of the region’s wineries shows a very mixed picture. While some wineries achieved good results even...
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Fish consumption decreases, prices increase
Extreme weather conditions and declining fish consumption pose serious challenges to the domestic fishing industry. A lack of oxygen in fish ponds, the release of sludge gas and the presence...
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Five seasonal fruits worth tasting with bacon
Opposites attract each other – says the old truth, and it is the same in gastronomy. An entire Asian culinary art is based on the pairing of sweet and sour,...
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K&H: young people focus on traveling and buying a home
Young people with savings mostly want to use their savings to travel, but buying a home is also high on their list of priorities. According to the latest K&H youth...
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Bread of Hungarians – the harvest wreath was placed in the Saint Stephen’s Basilica
For almost a month, the decorative harvest wreath was woven in Hajdúnánás, which was placed in a ceremonial setting on Thursday in the St. Stephen’s Basilica in Budapest. Since 2018,...
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