Market News
Temu and Shein are in trouble
The Vietnamese government has set a deadline for online retailers Shein and Temu to register with local authorities – otherwise they face blocking, the reports Reuters. Chinese platforms are required...
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Avoid the traps! – Black Friday is already roaring
Although the official date of Black Friday is only November 29, customers can already find plenty of sales and campaigns advertising shockingly high discounts. The Economic Competition Authority (GVH) launched...
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Corn production: this is a difficult year for everyone
Due to the unfavorable weather, the Central-Eastern European region is considered the loser this year, including Hungary – stated Gábor Berkes. In most countries, poor corn crops were born, and...
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Climate change threatens Japan’s famous rice production
Climate change is not only affecting Hungarian farmers, but it is also causing serious problems for agriculture in Japan, especially for the country’s favorite type of rice, koshihikari. Heat waves...
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Ministry of Agriculture: farmers are not obstacles, but partners in the green transition
European farmers should not be seen as an obstacle, but as an indispensable partner in the process of the green transition – stated Oszkár Ökrös, the Deputy Secretary of State...
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KKV Park opens in the Southern Economic Zone of Debrecen
Small and medium-sized enterprises will soon be able to use the SME Park in Debrecen’s Southern Economic Zone, the first phase of which was supported by the government with HUF...
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Not just burgers and meatballs from the new vegan meat brand in Europe
A new plant-based meat brand inspired by Beyond Meat, Moving Mountains and Heura has been launched in the European market, which the company says offers a tasty and high-quality alternative...
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China filed the most GenAI patents
According to the latest report from the World Intellectual Property Organization (WIPO), a total of 54,000 GenAI patents were filed worldwide between 2014 and 2023 – and more than 25%...
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We slaughtered less, but exported more cattle
According to AKI slaughtering statistics, cattle slaughtering in January-July 2024 was 10.2% below the January-July 2023 level in live weight. This article is available for reading in Trade magazin 2024/10...
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Nébih’s pesticide finder has been extended with a useful function
The development implemented in the database of plant protection products of the National Food Chain Safety Office (Nébih) can be of great help to farmers requiring support. Thanks to the...
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Sweet chestnuts are a healthy delicacy when cooked, fried or processed
This year’s sweet chestnut harvest was less than usual. Not only in our country, but throughout Europe, less of the favorite delicacy of the autumn-winter period has been produced, but...
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Danone partners with Maersk to lower ocean logistics emissions
The French dairy major will leverage Maersk’s ECO Delivery Ocean service, a “sustainable shipping solution” powered by reduced-GHG-emission fuels. Danone has joined forces with shipping and logistics giant Maersk in...
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Albert Heijn launches AI assistant
Albert Heijn is launching a personal assistant in its app that uses generative AI. ‘My AH Assistant’ inspires customers with recipes, product suggestions and practical tips for cooking or storing...
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Balázs Hankó: the government is committed to expanding dormitories
The government is committed to the expansion and development of dormitories, said the Minister of Culture and Innovation on Monday in Budapest. The minister referred to the Budapest Declaration, according...
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German consumers save a record amount on sustainable food
The propensity to buy sustainable products in Germany has fallen to a record low. The GfK Sustainability Index for October fell to 88.1 points for FMCG-goods, thus hitting an all-time...
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An agricultural and rural development tender worth HUF 1 billion has been published
By the end of October, the government announced 21 calls for tenders for agricultural and rural development with a budget of around HUF 1,000 billion, and HUF 2,895 billion is...
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NAV: around five thousand fake perfumes were found in a shop in the Far East of Budapest
About 5,000 fake perfumes were found in a shop in the Far East of Budapest, proceedings were initiated in the case for violation of industrial property rights – the National...
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The Ministry of Agriculture regards the future of the waterfowl sector as a matter of its heart
Within the domestic livestock industry, the best organized livestock sector is the poultry sector, within which special attention is paid to waterfowl. The ministry considers the fate of both goose...
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The FAO global food price index has risen
The global index of food raw materials jumped to its highest value in the last 18 months, after the price of vegetable oils rose significantly, the Food and Agriculture Organization...
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Gergely Suppan: the economy can be on a higher growth path
The Hungarian economy can be on a higher growth path from 2025, said the leading economist of the Ministry of National Economy (NGM) on Friday on the current channel M1....
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Unclear start, clearer continuation – The benefits of ESG are slowly emerging
The number of people interested in the new ESG regulation, which came into effect in January, is increasing beyond the scope of obligations, including among small and medium-sized enterprises. In...
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New generation of plant-based meat alternatives are high in salt and expensive
While the vast majority of plant-based meat substitutes significantly reduce greenhouse gas emissions and water use compared to meat, they tend to be more expensive, according to a report by...
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K&H received an award for its fast, simple and effective innovations
For the third time this year, Visa awarded Hungarian banks in a total of ten categories. K&H Bank won the Digital Innovator UX 2024 award for digitally leading banks. The...
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Hungarian lake fish production is in danger: lack of subsidies and climate challenges make it difficult for the sector to survive
Although the traditions of Hungarian fish production are old, today’s challenges are increasingly undermining the future of the sector. The lack of subsidies, the problems arising from climate change, the...
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EU summit – Charles Michel: the internal market must be deepened
We must deepen the internal market of the European Union, companies must be helped with capital in investments and innovation, said Charles Michel, President of the European Council, on Friday...
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A large selection of fish awaits holiday shoppers at Christmas
Ferenc Lévai, the spokesperson of the Hungarian Aquaculture and Fisheries Association, spoke optimistically about this year’s Christmas fish offering, which will await customers with an abundant and high-quality selection. According...
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The St. Martin’s Day weekend at Lake Balaton was a great success
Great interest surrounded the St. Martin’s Day programs on the shores of Lake Balaton, where thousands of visitors enjoyed culinary experiences this weekend. The Tihany Gardalia Days, also known as...
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The decision has been made: the Agricultural Machinery Show exhibition in January will be cancelled
Due to the development of domestic market processes and international trends, based on the announcement of the National Association of Agricultural Equipment and Machinery Distributors, the Agricultural Machinery Show held...
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A shortage may develop on the cabbage market, and the price of the vegetable may continue to rise
According to FruitVeb’s analysis, the cabbage market is threatened by a shortage, and even the expected imports will not significantly reduce the current record prices, as there is an extremely...
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The little ones eat too much sugar
With the holiday season approaching, many children’s consumption of sweets increases significantly, but a recent study warns that it is worthwhile to moderate the consumption of sugar. According to research...
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