Events
Sweet euphoria in Cologne
Between 2 and 5 February Cologne hosted ISM, the world’s leading snack and confectionery trade show, which reflected the global upturn of the industry despite growing challenges. More than 1,500...
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Sanofi to buy US drugmaker for over $9 billion
French pharmaceutical company Sanofi is acquiring biopharmaceutical company Blueprint Medicines, a U.S. developer of drugs for the treatment of rare autoimmune diseases, for more than $9 billion, according to Sanofi’s...
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NAV: Monday midnight is the deadline for corporate tax returns
Corporate tax (TAO), small business tax (Kiva), food chain supervision fee, and local business tax (HIP) must be filed by midnight on Monday. It is worth submitting the returns by...
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LG’s new Swing smart monitor comes with a touchscreen and a flexible stand
LG Electronics (LG) has officially introduced the LG Swing smart monitor (model 32U889SA), which will be available in Hungary in the second half of the summer. The new display is...
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Consumer Trust in German Food Safety Reaches New High
Consumer confidence in the safety of food in Germany has risen to 89%, marking a three-percentage-point increase from the previous year, according to a representative Forsa survey commissioned by QS...
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Metro Partners With Multicedi In Italy, Makro Expands In Spain
Italian wholesalers Metro Italia and Multicedi have partnered to support the HoReCa sector in Southern Italy, namely in the Campania and Molise regions. In a first for Metro, its...
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Nestlé invests in Zimbabwe cereal manufacturing plant
The “strategic upgrade” includes the addition of a fourth roller dryer to produce its wheat-based cereal brand, Cerevita. Swiss food giant Nestlé has invested $7m to expand its breakfast cereal...
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Extras are becoming increasingly popular with home insurance
Additional coverages are becoming increasingly popular in home insurance. Among the most popular are, for example, insurance against flooding or the so-called home service, which provides quick assistance in the...
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Hungarian employers expect to expand their workforce more cautiously than before in the coming months
Overall, Hungarian companies are planning a small increase in staff numbers for the third quarter of 2025: during this period, 28 percent of domestic employers plan to expand their current...
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Viktor Orbán: we will introduce margin reduction for new products as well, if necessary
The margin regulation must be maintained because people must be protected against unjustified price increases, the prime minister said on Friday in Kossuth Radio’s Good morning, Hungary! program, adding that...
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The domestic gin market is on the rise – According to SPAR, customers are increasingly aware and open to Hungarian brands
Gin sales have grown spectacularly in Hungarian retail in recent years. According to SPAR data, the chain recorded a 40% increase in this category in 2021–2022 and a further 12%...
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Healthy meat products rich in fiber and protein have been developed in Debrecen
A new product line consisting of health-promoting, fiber- and protein-rich meat products containing unique bioactive active ingredients has been developed by János Gulyás and Partners Ltd. from Felgyő in a...
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Euromonitor International 2025: everything for your pet!
The global pet care market is expected to reach the value of USD 215bn in 2025. The latest research by Euromonitor International highlights the key changes and growth trends that...
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Two from three consumers expect a better shopping experience
According to The State of Customer Experience report of Genesys, consumers and business leaders are optimistic about how AI affects the customer experience: 64% of respondents believe AI will improve...
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Cherries at a golden price, strawberries at a luxury price – why is fruit more expensive in Budapest than in Athens?
The Facebook page Vakmajom has highlighted shocking price differences in the markets of Budapest and Athens: the price of Hungarian cherries and strawberries is more than double that of Greek...
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KSH: The services foreign trade surplus was 2.2 billion euros in the first quarter
In the first quarter of 2025, exports of services in euros decreased by 3.6 percent and imports by 2.6 percent compared to the same period of the previous year. The...
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IDEAAL™: the revolutionary superprotein – a competitive protein product from Hungary
A joint research and development project, three players, a special milk protein product – this is the recipe for IDEAAL™, the result of a one-of-a-kind collaboration. This article is available...
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Changing tastes, growing challenges: the Hungarian potato sector in new directions
The restructuring of the market, the radical change in consumer habits, and the pressing issues of self-sufficiency dominated the professional conference of the National Potato Association and Product Council (OBTT)...
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Can Cuba go without rum? – Sugar shortage paralyzes the island’s iconic industry
Cuba’s rum industry is in deep crisis – not financial, not market, but raw material shortages. The state-run rum production has been pushed to the brink of a complete shutdown...
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Billion-dollar dividends, stable turnover of one trillion – this is how the National Tobacco Shop Supplier Ltd. performed in 2024
The National Tobacco Shop Supplier Ltd. (ODBE) has once again crossed the one thousand billion forint revenue threshold: the national tobacco supplier had a turnover of 1,123 billion forints in...
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Active Hungary State Secretariat: more than 600 adventure sports events in the 2025 calendar
This year, the State Secretariat for Active Hungary is providing support for more than 600 adventure sports events. The program helps sports event organizers who organize leisure events involving at...
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NGM: the SZÉP card is a significant help for Hungarian families
The SZÉP card is a significant help to Hungarian families, with cardholders spending 14 percent more in April than a year earlier, the Ministry of National Economy (NGM) announced on...
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NAV notifies businesses about the food chain supervision fee declaration
The tax office expects about 70 thousand businesses to file their food chain supervision fee returns, and it is drawing the attention of those affected to the deadline of June...
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The foot-and-mouth disease epidemic is slowly ending, but a solution must be found to its economic effects
The foot-and-mouth disease epidemic affecting even-toed ungulates broke out in our country in March this year. We hope that the epidemiological experts have successfully stopped the further infection of the...
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Traveling standing up? It’s proven to be safe, but the low-cost carriers don’t want it
The debate over standing airplane seats has been reignited after the Italian company Aviointeriors’ Skyrider 2.0 saddle-like seat successfully passed the necessary safety tests. Although the concept has been known...
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Strategic goal is for Hungary to become self-sufficient in potato production
The Ministry of Agriculture (MA) considers strengthening domestic potato production, supporting farmers and achieving self-sufficiency to be of utmost importance, said Imre Hubai, the ministry’s state secretary responsible for agriculture,...
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Duopoly for weight loss – Eli Lilly overtakes Danish rival in consumer drug market
In the pharmaceutical industry, the market generally favors the first to enter a new segment. However, in the extremely fast-growing global market for anti-obesity drugs, it is now clear that...
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Information on the control of pesticide-free AKG
With regard to the regulation of the CAP ST Agri-environmental payments measure “It is prohibited to use pesticides in a 6-meter strip along the edges of the field.”, the Hungarian...
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The Hungarian Women’s Union’s ENAG project in the Hungarian-Serbian border region has reached its halfway point
Digital knowledge, practical training and cross-border cooperation: these are the foundations of the “Improving the Quality of Training for Agricultural Entrepreneurs” project led by the Hungarian Women’s Union, which aims...
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AI can bring more than the industrial revolution
The impact of artificial intelligence (AI) on the global economy over the next decade could be comparable to the scale of industrialization in the 19th century, according to a recent...
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