Market News
UBM: the domestic feed industry can expand by nearly 20 percent in 2024
The prospects for the Hungarian feed industry in 2024 are favorable: the decrease experienced in 2022 and 2023 may be followed by a rebound this year, and with an expected...
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MATE is developing its training infrastructure with almost HUF 3 billion
The Hungarian University of Agriculture and Life Sciences (MATE) will spend almost HUF 3 billion to develop the infrastructure of practical training on its three largest campuses, the institution announced...
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KPMG: This is where the path of service centers through technology leads
Significant changes have taken place in the Hungarian service industry sector in twenty years. The initial SSCs (Shared Services Center) now not only provide high added value (SSC 2.0), but...
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Agrometeorology: plants grow well in warm, rainy weather
The weather that turned rainy a week ago and the warm weather is good for grain in the phase of grain growth and intensively growing crops, but at this time...
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McCain to invest in potato production in France
McCain said it aims to step up its investment and presence in France with the project and “anticipate the future needs of the French market”. McCain Foods, the Canada-based frozen...
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AM State Secretary: a competitive, crisis-proof and farmer-friendly EU agricultural policy is needed
European farmers need a competitive, crisis-resistant and farmer-friendly EU agricultural policy, and Hungary will represent these aspects during its EU presidency, the Secretary of State for Agriculture and Rural Development...
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Ahold Delhaize Pledges To Boost Omnichannel Sales, Raise Private-Label Share To 45%
Ahold Delhaize is seeking to drive omnichannel loyalty sales penetration to more than 80% by 2028, and increase the share of private-label sales to 45% of its total assortment, as...
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Action focuses on Central & Eastern Europe
Action plans to increase the pace of expansion. Poland is one of the most important investment countries for the non-food discounter. Despite fierce competition in the segment, the retailer achieved...
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Brits to spend £2.4 billion on beer during Euros 2024 tournament
Brits are estimated to drink 604.5 million pints during this summer’s 2024 Euros tournament, new research finds, with spending predicted at £2.4bn over the 33 day championship. Takepayments, a digital...
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Exports of shell eggs rose by 58 percent
According to data from the European Commission, the packing point price of table eggs in the EU was 224 euros/100 kilograms in the first nineteen weeks of 2024, 13 percent...
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Ministry of Agriculture: the Hungarian food industry is developing based on good European examples
After the decline following the regime change, the domestic food industry must be strengthened again. The government will allocate 750 billion forints of the approximately 1,500 billion forints in tender...
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MNB: the stock of green loans reached a peak last year
Through the Magyar Nemzeti Bank’s (MNB) Green Capital Requirement discount program, banks issued almost HUF 880 billion in loans based on the total at the end of 2023, said the...
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International Tea Day is dedicated to women
Although the history of tea goes back more than 5,000 years, it has not gone out of fashion even today due to its health, cultural and socioeconomic effects. The cultivation...
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Profession.hu: According to Hungarians, commuting is better now than 6 years ago
According to a significant majority of Hungarian workers, in addition to salary, the distance from their place of residence is the most important factor when looking for a new job....
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These are the 20 most vegan-friendly cities in the world in 2024
HappyCow is a platform that evaluates plant-based, vegan and healthy food venues, and the website has recently published list of the 20 most vegan-friendly cities in the world – once...
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Trans fatty acids: everything you need to know – even the law protects margarine consumers
The stereotype still often arises that margarines contain a large amount of harmful trans fatty acids, so their consumption is not recommended. However, this is a misconception that can be...
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A new Hungarian method can help protein research
In a study published in the journal Nature Communications, the HUN-REN–ELTE Protein Modeling Research Group laid the foundations of a mathematical method that enables a computerized comparison of the three-dimensional...
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KKM State Secretary: Shipping and logistics are a strategic sector for Hungary
Shipping and logistics are a strategic sector for Hungary, so the government has already implemented serious infrastructure developments – said the state secretary responsible for bilateral relations of the Ministry...
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The Joint Venture Association and the Hungarian Economic Development Agency have concluded a cooperation agreement
A cooperation agreement was signed by the Joint Venture Association (JVSZ) and the Hungarian Economic Development Agency (MGFÜ). The aim of the agreement is to enable domestic SMEs to access...
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Further increase detected in the GfK Sustainability Index
Sustainable consumption is on the rise again, at least according to the latest GfK Sustainability Index. After a temporary decline last autumn, the upward trend continued in April. The index...
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Penny Romania Targets Double-Digit Growth In 2024
Discounter Penny Romania ended 2023 with a revenue of over RON 8.32 billion (€716 million), representing a 16% increase year-on-year and a new record for the company. It is the...
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Arla pledges £300m to bolster UK dairy industry
Arla Foods has pledged it will invest £300m across five UK dairy production sites in a move set to boost the UK’s dairy industry. The dairy giant revealed that it...
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Mihály Varga: the sovereignty of the Hungarian economy and the domestic food industry must be strengthened
The future of Europe can be secured with equal, sovereign member states, which is why the government continues to work to strengthen the sovereignty of the Hungarian economy. One of...
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The relaxation of anti-inflationary measures can be dangerous, the solvency of the population is at stake
In the first quarter of this year, the solvency of the Hungarian population improved thanks to falling inflation, however, according to analysts, price increases are expected again. Since the emphasis...
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GVH is acting on behalf of consumers following popular flu remedies
It is in the fundamental interest of consumers who follow popular domestic flu products to be clearly informed about the advertising nature of individual content. The Economic Competition Authority (GVH)...
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We can wander around the country’s small-scale breweries on weekends
On Saturday, May 25, the Hungarian small-scale breweries will open again to interested parties as part of a national program. The aim of the initiative, as in previous years, is...
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Gedeon Birtok rosé won the main prize of the Szeged Wine Festival
The 2023 cabernet sauvignon rosé of the Gedeon Birtok in Izsáki won the main prize of the wine competition organized at the Szeged Wine Festival, the award was presented on...
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Spinach has gained new momentum
The cultivation of spinach in Hungary gained momentum again as soon as the season started. This vegetable is grown on more than 540 hectares, and according to last year’s data,...
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Summer seasonal jobs have started
With the approach of summer, the time for seasonal jobs has also arrived: during this period, the number of casual work opportunities increases several times. Due to the tax benefits...
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K&H: more people are interested in sustainability than you think
The majority of people around the world support the fight against climate change, but public opinion and politicians often underestimate the number of people who are actively engaged in it....
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