Market News
Minister of Agriculture declares force majeure due to April frost damage
The spring frost damage that occurred at the beginning of April is recognized as a force majeure event for the entire territory of the country by Minister of Agriculture István...
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China would stimulate domestic consumption with tax refund relief
China has taken another step to boost weak domestic demand by lowering the threshold for tax refunds for foreign tourists, the Ministry of Commerce and other government agencies announced in...
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The risk of bird flu epidemics must be reduced
In the future, we will continue to strive to reduce the risk of bird flu epidemics in every possible way, and to this end, we intend to introduce effective incentives...
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New discounts, developments and a record year in Budapest’s spas
Budapest’s beaches will officially open on May 1, but the weather could easily change the plans, Ildikó Szűts, CEO of Budapest Thermal Baths and Thermal Baths Zrt., told Pénzcentrum in...
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This year’s Hungarian Bread program began with a wheat blessing
This year’s Hungarian Bread program began with the Carpathian Basin Wheat Blessing Ceremony held in Karancs, Croatia. In the year-long program, Hungarian farmers from both within and outside the border...
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Ministry of National Economy: collaboration for Hungarian livestock farming, NGM helps farmers with targeted measures
Hungarian livestock farming is a sector of paramount importance for the national economy, which ensures the livelihood of thousands of rural families and plays a key role in the domestic...
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Dr. Oetker develops pizza production in cooperation with a college in Germany
The newly launched cooperation between Technische Hochschule Ostwestfalen-Lippe (TH OWL) and Dr. Oetker focuses on linking research and practice in the food industry. The parties aim to develop smart technologies...
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Carrot prices rise in Ukraine due to supply shortage
By the end of April, the price of carrots on Ukrainian markets increased significantly, FruitVeB reported, based on EastFruit’s analysis. There is a huge demand for particularly high-quality root vegetables,...
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The Agricultural Science Section of the OTDK is being held abroad for the first time
The Agricultural Science Section of the National Scientific Student Association Conference (OTDK) is being held outside of Hungary for the first time, in Csíkszereda. At the press conference for the...
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REWE Earmarks €3bn To Expand Penny In Romania
German retail group REWE has announced a €3 billion, ten-year investment plan for the expansion of its Penny discount brand in Romania. In 2024, Penny invested €177 million in Romania,...
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AM: Agro-ecological Program payments continue
The Agro-ecological Program (AÖP) payments continue, partial payments have started for another 2,585 applications, with almost 9.8 billion forints reaching eligible farmers in the third week of April – the...
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Animal keepers have a huge responsibility in curbing the foot-and-mouth disease virus
Animal keepers have a huge responsibility in stopping the spread of the foot-and-mouth disease virus, and all farmers must comply with the regulations – the Minister of Agriculture emphasized at...
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Just Eat Takeaway struggles with decreasing orders
Just Eat Takeaway saw its number of orders decrease, but its average order value went up. As a result, the meal delivery company is sticking to its annual targets and...
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No need to pay agricultural water service fee this year for irrigation water use
Farmers have had to deal with extremely serious challenges in the recent period, as in addition to the effects caused by historical droughts and war, production costs have also increased...
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OKSZ: the margin stop has achieved the desired effect, it can be exited
The average basket value of the foods affected by the margin freeze has clearly decreased compared to the period before the regulation came into force. At the same time, the...
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Escalating tariff war and search for new markets: European food exports in a difficult situation
The announcement of US punitive tariffs and the escalation of trade tensions are presenting new challenges to the European food industry, writes vg.hu. While the European Union is one of...
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Pro Form Ltd. and the University of Technology have developed an increased heat-resistant PET packaging material
Pro-Form Industrial and Commercial Ltd. has jointly developed a PET packaging material with increased heat resistance with the Budapest University of Technology and Economics, and the project has been awarded...
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We’re not leaving the cleaning to robots for now
Price-value ratio is the most important consideration among Hungarians when purchasing household cleaning equipment, and they switch to more modern machines in the hope of more efficient and thorough cleaning...
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Employees are more active than at this time last year
Employee activity remains high in the Hungarian labor market: while the number of job advertisements decreased by 0.97% in the first quarter of 2025 compared to the same period of...
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PepsiCo under pressure: falling profit expectations, tightening regulations, falling demand
PepsiCo has cut its profit outlook for this year, as the company says the unpredictability of US trade policy, deteriorating consumer sentiment and health-conscious regulatory actions are all having an...
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Strict regulations and measures remain in place due to the COVID-19 virus
The National Food Chain Safety Office (Nébih) draws attention to the fact that strict rules are still in force to stop the foot-and-mouth disease (FMD) disease. The virus continues to...
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Science knows no borders
The future of a country lies in knowledge, innovation and in those young people who bravely ask questions, research and seek new answers today – stated István Nagy, Minister of...
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Asparagus season starts in Hungary: export powerhouse or gastronomic opportunity?
While it is celebrated as a spring delicacy in Western Europe, it is still only consumed by a small number of people at home – even though Hungary is one...
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Can a new Hungarian grape variety conquer the entire country?
The most typical fungal disease-resistant grape varieties and high-added-value wine products were developed by the consortium of Varga Winery Ltd. and the University of Pécs (PTE) with the support of...
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GVH: Leading economists from the world’s competition authorities will meet in Hungary in April
Between April 23-25, the Hungarian Competition Authority (GVH) and the International Competition Network (ICN) will organize a professional meeting of leading economists in Hungary, which will be attended by 59...
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FECSO: the goal is shaping attitudes
The formation of the Association for Sustainable Packaging (FECSO) was announced at a press conference, where key players from the industry talked about the importance of sustainable packaging and the...
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Coupon fever in Hungary
Nearly half of Hungarians use coupons every month and many of them save more than HUF 5,000 on a single shopping occasion thanks to promotions, according to a representative survey...
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Márton Nagy: the next step in the price drop is coming
After reducing food prices and halting premium increases in the banking and telecommunications sectors, it is now the turn of insurance companies, announced Minister of National Economy Márton Nagy in...
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Agro-ecological Program payments continue
A further 2,585 applications have been partially paid under the Agro-ecological Program (AÖP), with almost 9.8 billion forints reaching eligible farmers in the third week of April. With these payments,...
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Adidas reports 12.7% increase in quarterly revenue
The German adidas, one of the world’s leading sportswear manufacturers, reported a 12.7 percent increase in revenue to 6.153 billion euros in the first quarter of this year from 5.458...
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