Events
Record number of participants at the Prague Business Forum
The latest business meeting of the Hungarian Food Business Program was held with a record number of participants: 24 Hungarian food and beverage companies were represented at the export development...
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Strawberries under scrutiny: Nébih takes action against unfair sales
The National Food Chain Safety Authority (Nébih) conducted increased strawberry inspections nationwide in the second half of May. The authority’s goal was twofold: on the one hand, to support honest...
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Hungarian sour cherries may be more in demand than ever before – historical market outlook in 2025
Record low yields, empty warehouses and unprecedented demand could characterize the 2025 sour cherry season, the FruitVeB Sour Cherry Product Committee revealed at its meeting on June 6. Both the...
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Extraordinary support for corn producers hit by drought
Due to last year’s severe drought, the Ministry of Agriculture is providing new support to smaller, more economically vulnerable corn producers. The application for support can be submitted to the...
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Imre Hubai: Hungary will not be caught unprepared by the drought
It is not yet known how severe this year’s drought will be and what consequences it will have, but the government and the water industry will not be caught unprepared...
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Philip Morris Hungary Ltd. renewed its lease agreement in the Kálvin Square office building
Philip Morris Hungary Kft. has extended its lease in one of the most outstanding office buildings in the city center, Kálvin Square, which has several international certifications, where the company...
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State Treasury: 2025 single application for agricultural subsidies can be submitted until June 10
The Hungarian State Treasury is waiting for farmers to submit their 2025 single applications until June 10, 2025 – the treasury drew attention in its Thursday announcement. This year, support...
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Wallis Group: Further increasing sales and profits, along with expanding international presence
Sorry, this entry is only available in HU....
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K&H: students and teachers stood up for themselves
There was great interest in this year’s anniversary K&H Watch out, ready, money! financial competition for students, which ended with the finals for this academic year in June. A total...
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Action opens 3000th shop in Italy
Action celebrates a milestone today, opening its 3000th shop in Europe. That honour was for Italy, specifically the town of San Rocco al Porto in Lombardy. Action’s 3000th store measures...
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Jägermeister Invests €6.7 Million in Sustainable Modernization of Production Site
German herbal liqueur maker Mast-Jägermeister has invested €6.7 million to upgrade its production facilities at its headquarters in Wolfenbüttel, focusing on expanding the company’s maceration process, where 56 natural ingredients...
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IGD’s Online Retail Trends Report 2025: Online grocery leading the charge as the fastest growing channel
Profitability Challenges Continue to Remain; New Revenue Streams Needed to Offset Higher Costs in Online Retail The online channel is forecasted to be the fastest-growing channel globally between 2024 and...
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Surveillance zones for avian influenza have been lifted
The laboratory of the National Food Chain Safety Authority has not detected any new cases of avian influenza since the beginning of May, so the authority has lifted the surveillance...
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KSH: in April, retail turnover exceeded the same period of the previous year by 5.0 percent and the previous month by 2.0 percent
In April 2025, the volume of retail trade turnover increased by 6.8 percent according to raw data, and by 5.0 percent adjusted for calendar effects (and Easter effects) compared to...
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FAO food price index fell in May
The benchmark global food price index fell in May from the previous month due to lower prices for cereals, vegetable oils and sugar, according to data posted on the website...
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Eurozone retail sales rise in April
Retail sales in the eurozone and the European Union increased both month-on-month and year-on-year in April. According to data published by Eurostat, the statistical office of the European Union, retail...
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24 Hungarian manufacturers presented themselves at the 25th event of the Hungarian Food Business Program in Prague
The Hungarian Food Business Program’s jubilee 25th business meeting took place with a record number of participants, this time hosted by the capital of the Czech Republic, Prague. The aim...
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Industrial production fell by 5.0 percent in April
In April 2025, the volume of industrial production fell by 5.0, or 2.3 percent, adjusted for working days, compared to a year earlier. Based on seasonally and working day-adjusted data,...
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German industrial production fell in April
Industrial production in Germany fell more than expected in April, the statistics office (Destatis) said in a report on Friday. German industrial production in April shrank by 1.4 percent in...
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Winemaker says it’s not enough to make good wine – you also need to provide an experience
The winemaking profession has long been about passion, tradition and artisanal values – but today it is increasingly defined by survival, creativity and market-oriented thinking. Domestic wine consumption is decreasing...
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Retail sales in Romania increased by 0.4 percent in April year-on-year
According to raw data, retail sales in Romania increased by 0.4 percent in April compared to the previous year, the National Institute of Statistics (INS) announced on Friday. According to...
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Consumers can look forward to “pick-your-own” sales this year as well
Although this spring’s weather was not kind to fruit growing, consumers can still find those orchards and plantations where they offer “pick-your-own” sales. It is therefore worth going with an...
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A battle for the throne in the furniture market: the competition between IKEA, JYSK and the Mömax–Möbelix–XXXLutz alliance
Three major players dominate the domestic home furnishing market: IKEA, JYSK, and MMXH Lakberendezési Kft., which includes the Mömax and Möbelix stores, to which XXXLutz has officially joined since 2023....
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Why are apples cheaper in Poland? – Prices, VAT and agricultural strategy in the background
A model Polish economy and a conscious tax policy are behind the surprisingly low Polish food prices for Hungarian consumers – writes Pénzcentrum. A Hungarian TikTok video has once again...
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Rice crisis in Japan: emergency imports and regulatory turnaround for stable prices
Rice prices in Japan have nearly doubled in a year, forcing the government to take extraordinary measures, especially in the shadow of Tokyo elections in June and national elections in...
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Algorithms control the shopping cart – this is how online platforms transform shopping decisions
Impulse buying is no longer just a consumer psychology, but a business model: Chinese e-commerce giants – led by Temu and Shein – have opened a new era in digital...
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The key to the future: artificial intelligence and digital innovation in wealth management
The Hungarian wealth management sector has reached another milestone in its knowledge base: the study entitled “Digital Development and Artificial Intelligence Opportunities in Wealth Management Services” has been published, which...
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Global semiconductor sales could grow 11.2 percent this year – WSTS
This year, global semiconductor sales are expected to grow by 11.2 percent to $700.9 billion, according to the World Semiconductor Trade Statistics (WSTS), a statistical institute that tracks international semiconductor...
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Another difficult year awaits the feed market
Avian influenza and foot-and-mouth disease infections significantly affect the volume of livestock farming – thus indirectly also the turnover of the feed industry. “A non-existent animal does not eat feed,”...
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EU adopts strategy to protect oceans and boost water economy
The European Commission adopted the European Ocean Pact on Tuesday, a comprehensive strategy to protect the health of the ocean, strengthen a sustainable and competitive aquatic economy and ensure the...
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