Market News

The European Court of Justice can decide whether the shops passed the price cap

Spar filed a complaint with the European Union regarding the Hungarian government’s retail measures. According to the Netherlands-based company, the special retail tax and the price cap contradict the EU...

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How to find the best Hungarian brands? The MagyarBrands Programme will help you!

The MagyarBrands Programme has been assessing Hungarian brands for fourteen years. Its logo is a trademark that marks only the best Hungarian brands. This article is available for reading in...

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Bottles with a deposit? There is still a lot of packaging waste in the food industry

With the appearance of the first deposit-fee bottles, the transition period started, which lasts until the end of summer, when the same product is even available in two different packages....

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The Croatian government limits the prices of 30 basic foods

At its meeting on Thursday, the Croatian government adopted its sixth comprehensive package of measures developed to alleviate the crisis caused by the rise in living costs, with which it...

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EXIM: the momentum of the Gábor Baross Loan Program is unbroken

The momentum of the Gábor Baross Loan Program is unbroken, in just two months, Hungarian businesses signed loan agreements worth more than HUF 139 billion, the 200 billion HUF surplus...

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Foodwatch questions the healthiness of plant-based meat substitutes

A „Veganuary” alkalmából a Foodwatch fogyasztóvédelmi szervezet 15 tisztán növényi alapú húshelyettesítő terméket vett górcső alá. Az eredmény: e termékek egészségessége meglehetősen ellentmondásos. This article is available for reading in Trade...

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Our agricultural cooperation with Uganda can be further strengthened

The conclusion of an agricultural cooperation agreement can further strengthen our country’s agricultural relations with Uganda and pave the way for investors in the African country, said Minister István Nagy,...

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Banana cultivation faces global challenges

The World Banana Forum (WBF), the global forum of the United Nations (UN) dealing with banana production and sales, met in Rome this week. The purpose of the forum was...

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NAV: the rules for sales must also be observed on the marketplaces of social networking sites

A man sold gold jewelry owned by his father’s company without an invoice or receipt on social media platforms; following an inspection by the National Tax and Customs Administration (NAV),...

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EU agency: climate risks require urgent action

The climate risks experienced in Europe require urgent action, as prolonged droughts pose a significant threat to crop production, food security and drinking water supply, the European Environmental Protection Agency...

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Even stricter rules apply to the import of Ukrainian honey, eggs and poultry

The European Parliament tightened the import of agricultural products from Ukraine, extending the restrictions to poultry, sugar, eggs, as well as cereals and honey. The purpose of the decision is...

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Farmers can give their comments to the European Commission until April 8

 The Ministry of Agriculture is fighting with all possible means in Brussels to simplify the EU rules of the Common Agricultural Policy. Now it’s the farmers’ turn to directly indicate to...

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Agrometeorology: there is a chance for a cold wave and night frosts next week as well

The vegetation that developed 3-4 weeks before the usual time survived last week’s cold wave without any serious frosts, but the cold air masses of arctic origin are not far...

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Target to launch paid membership program to rival Amazon Prime, Walmart+

Target Circle 360 will cost $99 a year and comes as the retailer plans 300 new stores in the coming decade. Target on April 7 plans to debut Target Circle...

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Bimbo, PepsiCo make most ethical companies list

The Ethisphere Institute has named Grupo Bimbo de CV, Ingredion and PepsiCo as 3 of the 136 companies in 2024 to excel in ethical business practices. Since 2007, Ethisphere has...

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Gen Z Consumers ‘Behave Like Boomers’ When Grocery Shopping: Study

Some 59% of Generation Z consumers prefer to shop for groceries in-store rather than online, a similar  percentage to those in the Baby Boomer generation, a new study by Clear...

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Let’s keep water in the landscape! NAK is conducting a survey among more than ten thousand farmers operating in low-lying areas

The network of village farmers of the National Chamber of Agriculture conducts a national water demand survey in March. The aim of the survey to be carried out on behalf of...

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Are there really many chemicals in Hungarian food?

Consumers have always demanded cheap, high-quality and preferably chemical-free vegetables and fruits. However, this is often a challenge for agribusiness actors: creating a balance between increasing production efficiency, keeping prices...

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Our country’s agricultural relations with Kenya continue to strengthen

Africa can be the world’s largest global food producer, and our country must take advantage of its potential, said István Nagy, Minister of Agriculture, who met with Mithika Linturi, Kenya’s...

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KSH: industrial production decreased by 3.6 percent

In January 2024, the volume of industrial production was 3.6 percent lower than a year earlier. Adjusted for the working day effect, production fell by 4.1 percent, the Central Statistics...

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A slow recovery awaits the Hungarian economy

This year, the Hungarian economy started to grow after last year’s decline. However, the speed of recovery is expected to be lower than previously hoped due to the lingering effect...

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The European Parliament adopted the regulation on artificial intelligence

Today, the European Parliament adopted the EU regulation on the regulation of artificial intelligence (AI). Companies that violate the law, which is expected to enter into force this spring, may...

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We try to save the most on online subscriptions and streaming services

Most European consumers are confident about their financial situation, but many, especially younger age groups, find it difficult to save and keep track of monthly expenses. Most consumers try to...

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K&H and the Tej Product Council signed a cooperation agreement

At the European Union level, the number of dairy cows may decrease by more than 2 million by 2035, while milk yields per cow will increase. In order for the...

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Elek Nagy was re-elected president of the Budapest Chamber of Commerce and Industry

The representative assembly of the Budapest Chamber of Commerce and Industry (BKIK), which represents nearly 40 percent of Hungarian individual and cooperative enterprises, unanimously elected Elek Nagy as the president...

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Conad gets EUR 25m sustainability loan from UniCredit

Supermarket chain Conad has secured a EUR 25m loan from Italian banking group UniCredit to support its sustainability initiatives, which will be used to purchase goods and stock. Conad has...

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In January, industrial production in the Eurozone fell by the largest rate in ten months

Industrial production in the Eurozone and the EU fell more than expected in January, the largest in ten months, according to a Wednesday report by Eurostat, the statistical office of...

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Ben & Jerry’s new recipe for oat-based ice cream in the US

Ice cream giant Ben & Jerry’s has unveiled a new vegan flavour in the US. This article is available for reading in Trade magazin 2024/2-3 The new dairy-free strawberry “cheesecake”...

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In February, the annual inflation in Romania was 7.2 percent

In February, the annual inflation rate in Romania was 7.2 percent, the National Institute of Statistics (INS) announced on Wednesday. This represents a decrease of 0.2 percentage points compared to...

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The GVH took action: a competition supervision procedure is launched against Temu

The Economic Competition Authority (GVH) is launching a competition supervision procedure against the European operator of the Temu online marketplace, Whaleco Technology Limited. In recent weeks, GVH has received several...

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