Market News
István Jakab: Hungary has the right to protect the health of the Hungarian people
Hungary has the right to protect the health of the Hungarian people – stressed István Jakab, the president of the Association of Hungarian Farmers’ Associations and Farmers’ Cooperatives (Magosz) on...
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The ice damage mitigation system started its seventh protection season
On April 15, the National Chamber of Agriculture (NAK) put into operation the National Ice Damage Mitigation System (JÉGER), which thus began its seventh protection season. The system that sends...
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Spain’s Grupo Alimentario IAN buys local olives producer Interoliva
Spanish canned vegetables and ready meals maker Grupo Alimentario IAN has bought local prepared olives processor Interoliva. The sum of the deal was not disclosed. CEO, Alejandro Martínez, said the transaction would...
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Tesco rolls out AI refrigeration tech to cut energy costs by 10%
Tesco has implemented artificial intelligence (AI) technology to slash its energy costs by 10% and save over 385 tonnes of CO2e across its refrigerated distribution network. The pilot programme saw...
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The inspectors destroyed hundreds of propagating materials for fruit planting in the Ónod market
The inspection of the sale of spring grape and fruit propagating materials continued. At the beginning of April, experts from the National Food Chain Safety Office (Nébih), county government offices,...
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Kaufland to open its marketplace in Poland and Austria
Kaufland, one of the larger ecommerce platforms in Germany, is expanding to Poland and Austria this coming late summer. Schwarz Gruppe, the owner of Kaufland and supermarket chain Lidl, has...
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K&H is supporting young agricultural professionals again this year
The scholarship competition for sustainable agriculture, which is being announced by K&H for the 10th time, supports students in agricultural education, the company announced to MTI on Monday. The announcement...
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Nébih: hundreds of propagating materials for fruit planting were destroyed by the inspectors at the Ónod market
The spring inspection of the sale of grape and fruit propagating materials continued, during the action held at the Ónod National Animal and Exhibition Fair, the inspectors had to destroy...
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KSH: industrial production increased by 1.8 percent in February, the largest increase in the production of food, beverages and tobacco products
In February 2024, the volume of industrial production exceeded the previous year by 1.8 percent. Adjusted for the working day effect, production rose by 1.4 percent, the Central Statistics Office...
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NGM: the government will restart it in 2024 and further increase the rate of economic growth in 2025
After the successful suppression of inflation, the government will restart it this year and increase the rate of economic growth next year, and when the war is over, Hungary will...
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The GVH would introduce a labeling system showing environmental impact on foodstuffs
It would make it easier for consumers to make a conscious decision if food products were given a labeling system showing environmental impact, said the GVH’s chief economist in a...
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The price of bread is constantly rising
Minister of Agriculture István Nagy announced that the price of bread starts at 875 forints, but the price of the grain in it is only 53 forints. Despite the fact...
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The price of poultry and pork is rising sharply
According to the latest report of the AKI (Institute of Agricultural Economics), the Hungarian poultry sector has significantly increased its exports to the EU, despite the fact that it is...
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Good news for companies: tax administration burdens are simplified
At the EU level, Hungary has made exemplary changes in the field of reducing tax administration in recent years, and the government continued this with the Event-based Data Service Platform...
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Péter Szijjártó: Next year, Hungary will once again be at the top of the EU economic growth rankings
Following the investment records, Hungary is confidently returning to the path of economic growth this year, and next year it will once again be at the top of the European...
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Low environmental impact technologies are indispensable for wine production
The Ministry of Agriculture is committed to ensuring that grape growing in Hungary has as little environmental impact as possible and that wines are produced as energy-efficiently as possible –...
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K&H: wallets don’t move
After the growth typical of previous years, there is a stagnation in the income of young people, according to the K&H youth index. In the first quarter of this year,...
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Family companies expect a significant increase in wage costs
Energy or raw material prices are no longer the main difficulty for domestic family companies. In addition to income expectations that are still moderately increasing for the time being, high...
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German inflation slowed to an almost three-year low in March
In line with what was announced in advance, inflation in Germany slowed to an almost three-year low in March, according to the final data published by the German Federal Statistical...
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We can’t expect much good on the grape front this year
This year has once again brought worrying variability for grape growers, who had to face the challenges of the weather. As in previous years, there were many anomalies in the...
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Exotic: camel’s milk may be the new cow’s milk
Interest in camel milk is growing, and gigantic farms are being established in more and more countries to meet the growing demand. In the Middle East and other regions, camel...
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Support for small shops: almost HUF 40 billion in development funds arrived in Zala
Almost HUF 40 billion in development funds have arrived in Zala as part of the Hungarian Village Program (MFP), which has been ongoing since 2019, said Kustánszegen, the government commissioner...
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The rescheduled area and animal-based support payments have started
Almost 48,000 producers received over HUF 55.6 billion in support under 11 legal titles this week from the Hungarian State Treasury thanks to the extraordinary rescheduling.This also started the payment...
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Kaufland introduces reusable bread and roll bags in Germany
Kaufland is introducing reusable bags in its bakery sections in Germany. The “viewing window” on the washable bags, which cost EUR 0.99, will make it easier to recognise the product...
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“Play for a Greener Future” promotion winners
The main prize of the “Play for a Greener Future” sustainability promotion has been ceremonially presented in Hajdúnánás. This article is available for reading in Trade magazin 2024/4 Henkel and...
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Márton Nagy: more and more people want to work in Hungary
More and more people want to work in Hungary, said Minister of National Economy Márton Nagy on Saturday in his presentation at the Tranzit spring conference entitled Year of Elections...
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A new era in facial care
NIQ data indicates that the facial care category is growing steadily in both value and volume. This article is available for reading in Trade magazin 2024/4 Hyaluronic acid, the miracle...
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The interface for reporting the import of agricultural products will be activated from Tuesday
On April 16, the government decree on the import of certain agricultural products into Hungary will enter. According to the legislation, natural persons, sole proprietors, legal entities or other organizations...
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Low environmental impact technologies are necessary for wine production
The Ministry of Agriculture is committed to ensuring that grape growing in our country has as little environmental impact as possible and that we produce our wines as energy-efficiently as...
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Finland’s Valio Mulls Closure Of Production Plants In Helsinki And Turku
Valio is planning to close its plants in Helsinki and Turku and transfer the production of juices and plant-based snacks and cooking products to its Riihimäki plant. The move will...
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