Market News
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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Richárd Szabados: the government’s priority goal is to support businesses that form the backbone of the economy
The government’s primary goal is to support domestic businesses that form the backbone of the economy, since the unprecedented development experienced in the past decade would not have been possible...
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A Shein product caused severe burns to a British teenager
A 13-year-old teenage girl in Hampshire, England, suffered severe burns from nail glue bought from an online store Shein. The case has refocused attention on the quality and safety of...
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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, said Oszkár Ökrös, the Deputy Secretary of State for...
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NAK president: the strategic dialogue initiated by the European Commission does not serve the economic community
According to the president of the National Chamber of Agricultural Economy (NAK), the content of the strategic dialogue on the common agricultural policy of the coming period initiated by the...
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Baby boomers drive growth in healthy ageing skincare market
Interest is also growing in products that support both skin and mental health. As Baby Boomers retire, their focus on health and longevity is reshaping the skincare industry, according to...
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MBH: despite the drought, the prospects of the Hungarian food industry have improved
Despite the dry summer, the prospects of the Hungarian food industry have improved, a significant increase in prices is not expected this year, producers can end the year more successfully...
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Dunnhumby and Placer.ai use new AI-based tool to analyse competitive threat
Dunnhumby and Placer.ai have developed a new AI tool for assessing the competitive threat retailers represent, and providing information on what features are attractive to shoppers at geographic, chain and store...
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Molson Coors takes majority stake in ZOA energy drink
Molson Coors Beverage Co. is taking a majority ownership stake in ZOA, the energy drink brand co-founded by Dwayne “The Rock” Johnson, Dany Garcia, Dave Rienzi and John Shulman. Taking a majority...
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ProVeg: Lidl in Germany offers the best value vegan basket
Following the introduction of price parity a year ago, Lidl is now the first German grocer to offer a vegan basket at no extra charge compared to the animal basket,...
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AM: small farms are the winners of this year’s agricultural subsidies advance payment period
The advance payment period for agricultural subsidies is going well, the Hungarian Treasury (MÁK) has paid a total of HUF 119.3 billion in advance payments to those concerned by the...
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KSH: in September, retail sales increased by 1.7 percent compared to the same period of the previous year, and decreased by 1.4 percent compared to the previous month
In September, the volume of retail trade increased by 1.7 percent compared to the same period of the previous year, according to both raw and calendar-adjusted data, the Central Statistical...
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The autumn started weakly in retail trade
Retail performance in September started off weaker compared to August, showing a 1.4% decline month-over-month after seasonal adjustments, partially attributed to disruptions from flooding. This drop interrupted the upward trend...
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Amazon uses AI to scan products for defects before delivery
Amazon uses AI to detect faulty products before they are delivered. Amazon’s “Project P.I” model (P.I. stands for private investigator) combines generative AI with computer vision to help find defects...
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Consumers are skeptical about the sustainability of companies
Since 2022, the maturity of companies in the field of sustainability has been continuously increasing. Despite geopolitical challenges, organizations continue to implement their sustainability initiatives, but consumers want transparency, according...
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Internal trade slowed down massively
This morning, the Central Statistical Office published retail sales data for the month of September: sales decreased significantly on a monthly basis, by 1.4 percent. The indicator of the consumption...
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More people work in Hungarian agriculture than at the time of the system change
More people work in Hungarian agriculture than at the time of the system change, the Minister of Agriculture announced on Thursday, in Zámoly, Fejér County, where Tamfarm Kft. was handed...
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Moore Hungary: There are almost two weeks left for the decision on the choice of group corporate taxation
Companies wishing to establish a group corporate tax entity for the 2025 tax year can submit an application to the National Tax and Customs Office by November 20. This form...
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NAK also popularized agricultural vocational training with a series of career guidance programs
With the help of its partners, the National Chamber of Agrarian Economy (NAK) presented the job and further education opportunities inherent in agricultural professions to nearly four thousand elementary school...
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Agrometeorology: the grain growers need more and more precipitation
The wheat farmers would need more and more precipitation, there is a chance for this from the middle of next week, wrote HungaroMet Zrt. in his agrometeorological analysis on Thursday....
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