Market News
Discipline must not be relaxed in the fight against African swine fever
Our country successfully defended itself against African swine fever: more than six years have passed since the appearance of the disease, and the pig sector has been protected from the...
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Valio spends EUR 70m to upgrade its domestic facility
Finnish dairy company Valio is investing around EUR 70m in modernising its Seinäjoki dairy plant, increasing capacity and improving operational and energy efficiency. Works are scheduled to last until 2026....
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Ahold Delhaize introduces new in-store audio retail media solution
The grocery company’s East Coast banners will give CPG partners the ability to create in-store audio ads and strategies through a partnership with Vibenomics. AD Retail Media announced Thursday it...
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The interests of Hungarian farmers come first in relation to Ukrainian agricultural products
The primary task of the Hungarian agricultural administration is to protect the interests of Hungarian farmers against Ukrainian agricultural products, which is why we will continue to maintain the import...
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Diageo trials spirit bottle refill station in Ireland
The trial of the integrated keg and bottle dispenser is taking place in select bars in Dublin city. Diageo is trialling a keg system for refiling spirit bottles in Ireland...
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Az előlegfizetési időszak november végéig tart
Thanks to the autumn works carried out in a timely manner, the sunflower harvest was completed by the first week of October, and the corn harvest is also nearing its...
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EU Olive Oil Supply To Swell As Spanish Crop Recovers From Drought
Olive oil supply in Europe is set to rise sharply in the year ahead as top producer Spain recovers from drought, though it was unclear if households hurt by record...
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It has been revealed how much money farmers can expect during the advance payment period of direct subsidies
The Ministry of Agriculture has published how much advance support farmers can expect in connection with the direct support related to the 2024 uniform applications. The advance payment period is...
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It is a good sign that the domestic retail turnover has increased significantly, especially in the eastern regions
In August, Hungarian customers spent HUF 70 billion more than a year earlier, leaving a total of HUF 1,668 billion in retail. The turnover of grocery stores increased the most,...
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AM: the basis of successful agriculture is a sustainable food industry
Agriculture has always had a strong culture in Hungary, and today successful agricultural countries can be those where the food industry is also successful – said Márton Nobilis at the...
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KSH and NGM concluded a strategic agreement
The KSH and the NGM concluded a strategic agreement in order to reduce data collection costs and data provider burdens, and to increase data integrity, and they also agreed on...
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A unique work was born from JYSK’s offer: a drawing by a young person with autism decorates the new table
This year, for the 16th time, the Autistic Art Foundation’s Charity Auction was held, where autism and art are intertwined year after year. At the auction on October 7, works...
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The spice industry is facing more and more challenges
As the effects of climate change become more and more felt, the cultivation of spices also faces serious challenges. Due to global warming and weather fluctuations, the production of herbs...
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Convenience stores are closing en masse: high costs and the absorbing effect of discounts
Last year, around 4,000 convenience stores closed in Hungary in the second half of the year alone, and the trend continues to show no signs of slowing down. Speaking to...
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Péter Novák is the new president of the Hungarian Advertising Association
The General Assembly of the Hungarian Advertising Association elected Péter Novák as the president of the association for the upcoming three-year term (October 2024 – October 2027). After 6 years,...
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Change of ownership at Csíki Sör
Slovakian Hungarian billionaire Oszkár Világi and his business partner Jan Sabol have acquired two of András Lénárd’s companies, and it seems that the Tiltott Csíki Beer production company may soon...
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Fight against fraud: it is no longer enough to automatically check all transactions
In addition to traditional transaction monitoring, more effective risk analysis plays an increasingly important role in the fight against financial crimes. It is no longer enough to automatically check transactions...
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Water retention in agricultural fields
The most important incentive for farmers is to get to know examples that work in their own environment, followed only by support opportunities – stated Zsolt Feldman, the State Secretary...
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At home, 13 out of 100 cards are Revolut?
Revolut neobank is becoming an increasingly important player in Hungary, where it now serves 1.5 million customers. This number represents 13% of the domestic bank card market, which clearly shows...
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Private labels are enjoying unprecedented popularity
According to EY’s latest Future Consumer Index, inflationary pressure and the cost-of-living crisis have had a significant impact on consumer preference for private label products. This article is available for...
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The basis of successful agriculture is a sustainable food industry
Hungary has always had a strong culture of agriculture, and today successful agricultural countries can be those where the food industry is also successful – said Márton Nobilis at the...
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The president of GVH stood up for the interests of Hungarian consumers at the OECD conference in Paris
The OECD’s consumer protection committee organized a two-day high-level meeting in Paris, in which Balázs Csaba Rigó, the president of the Economic Competition Authority (GVH), also participated. In the framework...
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The producer price of slaughter heifers increased the most
According to the AKI’s slaughter statistics data, cattle slaughter in January-August 2024, expressed in live weight, was 9.5 percent below the amount in January-August 2023. Cows, which account for two-thirds...
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Pringles introduces new paper-based packaging in Ireland
Pringles has introduced new environmentally friendly paper packaging in Ireland that customers can easily recycle at home. Replacing the aluminium can Pringles packaging of the 1960s and now available nationwide,...
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Meta must limit data use for targeted advertising, top EU court rules
Meta Platforms must restrict the use of personal data harvested from Facebook for targeted advertising, Europe’s top court ruled on Friday, backing privacy activist Max Schrems. Schrems took his grievance...
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Henkel Switches To 100% Renewable Electricity In Kenya Manufacturing Site
Consumer goods giant Henkel has switched to 100% renewable electricity at its manufacturing site in Nairobi, Kenya. Henkel described this achievement as a ‘significant step forward’ in the company’s sustainability...
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Farmers can prepare to synchronize the data of the Unified Application and the eGN plot
This year, the National Food Chain Safety Office (Nébih) will once again enable the automatic loading and synchronization of the data of the Single Application in the electronic Business Journal...
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Sainsbury’s to vacuum pack all lamb mince in UK supermarket first
Sainsbury’s is to swap its traditional plastic tray packaging for a new vacuum-packed alternative across its entire fresh lamb mince range in a bid to save 26 tonnes of plastic...
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Hungarian Product launches podcast series titled MesterMűvek!
Hungarian Product Nonprofit Kft. is one of the most important organisations in Hungary for the promotion of Hungarian products. This article is available for reading in Trade magazin 2024/10 In...
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High interest expenses continue to burden Lidl’s profits
Lidl’s international business can slightly increase its profitability in the fiscal year 2023/2024. Skyrocketing interest expenses cancelled out improved gross margin and stable staff costs. Investments in new stores and...
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