Market News
István Nagy: the aim of the Hungarian EU presidency is to make agriculture one of the most important policies of the cycle
During the Hungarian EU presidency starting on July 1st, we will strive to include agriculture in the most important policies of the next EU cycle, the Minister of Agriculture stated...
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Fighting food waste with funny posters
The National Food Chain Safety Office’s (Nébih) No Leftovers programme is launching another creative challenge for Sustainability Week: a poster design competition entitled “Let’s throw food waste in the bin”,...
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Ifo’s business sentiment index in Germany deteriorated in June
Instead of the minimal improvement expected by analysts, the German business sentiment index of the ifo economic research institute of the University of Munich worsened in June. According to the...
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Lidl calls on contractors as it looks to open hundreds of stores
Lidl is calling upon contractors to sign up for a series of events as it looks to expand its network with hundreds of new store openings. Aimed at both creating...
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The new wave of flu drugs and tourism: The Hungarian Tourist Agency’s innovative marketing campaign
In recent years, the role of influenza drugs has become increasingly important in tourism, especially among the 25-40-year-old age group. Zoltán Guller, the president of the Hungarian Tourism Agency (MTÜ),...
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Estée Lauder completes $1.7b acquisition of DECIEM
The Estée Lauder Companies Inc. has finalised its acquisition of DECIEM Beauty Group Inc., a Canadian multi-brand company known for its flagship brand, The Ordinary. The deal, completed on 31...
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European SUP Directive Sees Caps Tethered To Plastic Bottles
The European Single-Use Plastic (SUP) Directive will see bottle lids required to stay attached to PET bottles under three litres from July. As a result of the impending rule, the...
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K&H: Companies have not yet sensed a drop in inflation
Inflation continues to determine the profitability of most large domestic companies, even though it has already dropped below 4 percent. Based on the results of the K&H large company growth...
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Hungarian SMEs must become sustainable in a precarious situation
It is crucial for small and medium-sized enterprises (SMEs) to start preparing now to meet the requirements of the ESG Act (E, environmental, S, social, G, governance). The regulation not...
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WHO: egg and meat prices decreased compared to last year
According to the data from the beginning of June, the price of eggs at the packaging site and the producer price of slaughter pigs and chickens decreased compared to the...
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Hungary in the middle of the EU ranking for fruit and vegetable consumption
Freshfel Europe’s latest figures show that Hungary suffered the biggest drop in fruit and vegetable consumption in 2022. This article is available for reading in Trade magazin 2024/6-7 Freshfel Europe’s...
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The deadline for NIS2 registration will expire in a few days – many companies may be in for an unpleasant surprise
There are only a few days left to enter the register for those domestic companies covered by NIS2, i.e. the revised EU cyber protection directive – points out EY. The...
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Do Hungarians like Heineken the most?
According to the latest Pénczenrum poll, Heineken’s beers are still the most popular among readers, although Dreher is not far behind. Borsodi is in third place, but significantly behind, while...
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The impact of extreme weather: the cherry harvest in Hungary has decreased
According to the latest analysis of the National Chamber of Agriculture (NAK) and the Hungarian Fruit and Vegetable Association (FruitVeB), this year’s cherry harvest may be significantly lower than average...
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V4 agricultural chambers: a change of direction is needed in EU agricultural policy
The agricultural policy of the EU must change radically, otherwise the agriculture of the union will be in a hopeless situation – the agricultural chambers of the V4 countries emphasize...
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Czech and Romanian investors take over the Hungarian e-commerce market
The sale of the Hungarian family-owned Foxpost parcel vending machine network brought about a significant change in the Hungarian logistics and e-commerce sector. Wallis Group and private equity fund manager...
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Agrometeorology: dry weather favors harvesting
The mostly dry weather of the past few days favors the harvest, but the heat is not good for the ripening wheat either – HungaroMet Zrt. wrote in its agrometeorological...
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AI already pays attention to feelings in customer communication
Japanese tech giant SoftBank has embarked on a new project based on voice-modifying artificial intelligence to filter out angry tones from customer phone calls. The project, described by the Financial...
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NGM: fuel prices remained below the average of neighboring countries
Fuel prices remained below the average prices of neighboring countries, and in order to protect families, the government continues to continuously monitor the evolution of prices – the Ministry of...
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Cherry growers expect a smaller than average harvest
The cherry season is in full swing, but due to the extreme spring weather, a smaller harvest than the average of previous years is expected. However, lower yields are not...
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A croissant can cost up to HUF 2,500 in a luxury bakery in Budapest
The pricing and economic model of luxury bakeries in Budapest has been a topic in consumer circles for years. Recently, more and more people decide to pay the price of...
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The export price of raw milk was 19 percent lower than the average producer price
The producer price of raw milk expressed in national currency in April 2024 did not change in the USA, decreased by 3 percent in the European Union and 5 percent...
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Tesco installs anti-theft smoke machines at high-risk stores
Tesco has introduced smoke machines in some of its stores to prevent people from stealing goods outside of opening hours. The supermarket chain uses 4ft-high security devices in some shops...
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István Széchenyi University has signed a strategic agreement with a Czech agricultural company
István Széchenyi University has entered into a strategic agreement with Prague-based Agrofert, one of Central Europe’s leading agribusinesses, the university announced to MTI on Thursday. Within the framework of the...
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GenAI’s impact on retail unfolding faster than expected
Retailers now leverage GenAI for a competitive edge in communications, marketing, and operations. The impact of generative AI (GenAI) is inevitable and will disrupt various sectors, including retail, according to...
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The risk management of producers can only be improved through cooperation
On June 20, 2024, the Agricultural Economics Institute (AKI) hosted the workshop entitled “Experiences of the agricultural risk management system in 2023” for the tenth time. After presenting the results...
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Lactalis to shut another dairy plant in Romania
The French dairy giant has largely grown its Romania operations through M&A, with twin deals in 2016. French dairy major Lactalis plans to close a factory in Romania acquired through...
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Generation Z has grown up: it’s time to break down stereotypes
Generation Z, once characterized by the stereotype of “gamer kids”, is now emerging as mature adults in joint research by GWI and Publicis Groupe CEE. It is time to reevaluate...
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New agricultural irrigation development projects may be implemented
Irrigation development has now become of decisive importance in maintaining the safety of agricultural production and in the cultivation of crops with high added value under the changed climatic conditions.mThe...
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This is how your business uses mobile banking
The life and operation of businesses is largely determined by the degree to which they digitize their processes. Finance is at the forefront in this field, since in addition to...
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