News and articles
German retail sales growth slowed more than expected in May
Retail sales in Germany slowed more than analysts had expected in May, year-on-year, and fell for the second consecutive month on a monthly basis, the German statistics office Destatis reported...
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Morgan Stanley would also support Hungarian foundations
Morgan Stanley’s civil society competition for Hungarian charities has opened for the first time. The global financial institution, which employs 3,000 professionals in Budapest, aims to support innovative ideas that...
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The government provides irrigation water to farmers for free
The government provides irrigation water to farmers for free by taking over the payment of water fees from farmers in the amount of about 10 billion forints – said István...
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Climate change is one of the biggest risks to food security
Our country is reducing the challenges caused by droughts and unpredictable weather with a water management strategy and support for precision irrigation technologies, said István Nagy, Minister of Agriculture, at...
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K&H: collaboration with the capital in the name of climate neutrality
Budapest Metropolitan Municipality and K&H Bank have signed a Memorandum of Understanding (MoU) to promote sustainable development, ecological sustainability and economic stability in the capital. The agreement focuses on climate...
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The importance of wood industry by-products in biomass use has increased significantly
Based on the data received, in 2024, the total domestic biomass use for energy purposes was 6.4 million tons (+79.4 percent increase compared to 2023), of which 2,092 thousand tons...
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Inflation in Italy accelerated to 1.7 percent in June
In Italy, consumer prices rose by 1.7 percent year-on-year in June, in line with analysts’ expectations, according to preliminary data published by the Italian statistics agency Istat on Monday. A...
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Ministry of Agriculture: We must bring producers and consumers closer together
By strengthening the short supply chain, we must bring producers and consumers closer together so that small food producers can be more competitive – said Imre Hubai, the State Secretary...
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Spanish Eroski stays on course thanks to AI and private labels
Despite higher costs, supermarket group Eroski ended the quarter with higher profits. The market leader in the Basque Country and Galicia attributes this to promotions, private labels and data analysis....
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L’Oréal partners with NVIDIA to scale AI across beauty business
L’Oréal Groupe has partnered with NVIDIA to accelerate the use of AI across its beauty business. The collaboration will integrate NVIDIA’s AI Enterprise platform into L’Oréal’s operations to speed up...
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The decline in Hungarian grape production may stop, according to an international agricultural company
The decline in Hungarian grape production may stop, but climate change may cause significant damage to the plantations – Syngenta told MTI on Monday. In its analysis, the Swiss agricultural...
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In the interest of varietal purity and crop safety, the proportion of metal-sealed eared seeds should be increased
Due to the difficulties in growing corn, winter wheat, grown on approximately 1 million hectares, has become the number one arable crop in Hungary. According to the position of the...
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Amazon to invest $54 billion in Britain over next three years
Amazon has deepened its commitment to Britain, with the e-commerce giant saying it plans to invest 40 billion pounds ($54 billion) over the next three years, a move the UK...
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How can toxin contamination of cereals be prevented?
Although the harvest of cereals is already upon us, it is not too late to protect against toxin contamination. The publication “In the shadow of mycotoxins: how to prevent toxin...
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Lorin liquid soap 750 ml doypack – almond milk, sensitive
Doypack pouches use less plastic, leaving a smaller ecological footprint. Thanks to their innovative design, they are easy to store, transport and refill. Every drop cleans gently and leaves your...
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Apricots at an affordable price, there is a demand for them
The apricot harvest will be very low throughout Europe, which is also true for Hungary. However, there is an exceptional place that can be considered lucky due to the microclimatic...
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István Nagy: hop and malting barley cultivation has a serious future in Hungary
Hungarian hop and malting barley cultivation has a serious future, as breweries operating in the country are able to purchase much larger quantities of these than at present – the...
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Fitch: Global economy recovering as tariff war eases – China and US may drive growth
Fitch Ratings expects stronger-than-expected economic performance in 2025: according to the international credit rating agency’s updated forecast, the global economy could expand by 2.2 percent this year. Although this is...
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The Hungarian Product trademark gives companies a sense of community and customers reliable quality
Professional cooperation based on mutual benefits enables businesses to overcome economic and other challenges that arise from time to time. Magyar Termék Nonprofit Kft. can help companies by inspiring cooperation,...
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Péter Szautner joins the Bonafarm Group
Péter Szautner continues his career as Deputy CEO and Group Strategy Director of the Bonafarm Group. The leader with 30 years of experience will play a role at both strategic...
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Lidl and the Ministry of Agriculture announced: the domestic melon season has begun
The first shipment of watermelons from Hungarian suppliers has arrived at Lidl Hungary’s logistics center in Ecser, the company announced at a joint press conference with the Ministry of Agriculture,...
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The market is not the primary driver of green corporate decisions in Hungary
The sustainability strategies and investments of domestic companies will be most strongly influenced not by market considerations, but by official regulations and the hope of reducing environmental risks in 2025....
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Melon import volume drops by 51 percent
Compared to last year, the volume of melon imports has decreased by 51 percent, which means that melon growers can meet domestic demand and can also export – the Minister...
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With two mugs to survive – this is how Hungarian small breweries closed 2024
The players in the domestic small-scale beer market mostly reported increasing sales in 2024, but their profitability was far from uniform. Only a few of the largest players were able...
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There could be a serious problem with one of the important cornerstones of food production
Fertilizer is one of the most important pillars of modern food production – and it is precisely in this system that the series of geopolitical tensions is causing more and...
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MBH Bank: Employment barely improved in May
In May, the number of employed people among the working-age population aged 15-74 was 4 million 669 thousand, which is almost 3 thousand higher than the April level, but more...
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Europe’s breadbasket could become a desert
Spain has become Europe’s leading producer of fruit and vegetables, but its agricultural successes are overshadowed by serious environmental problems: soil erosion, water shortages and sustainability challenges are increasingly visible....
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H&M feels the effects of the trade war and the decline in demand in Asia
The trade war and the decline in demand in Asia are having a negative impact on Hennes & Mauritz (H&M)’s performance: the Swedish fashion chain achieved revenue of 56.7 billion...
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The future of travel: artificial intelligence could replace travel agents
Tourism is booming around the world, especially in Asia, where a growing middle class is spending more on leisure travel. According to a recent study by the Boston Consulting Group...
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The Consumer Protection Authority also checks watermelons during the summer period
Experts from the National Trade and Consumer Protection Authority (NKFH) and government agencies are checking the quality of watermelons and the markings on the packaging and at points of sale...
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