Market News
MBH Bank: Almost half of the agricultural enterprises rely on EU grant funds
Hungarian agriculture and the food industry are characterized by an optimistic mood with the launch of the European Union’s Rural Development Program, according to MBH Bank’s public opinion survey examining...
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Sephora to exit Korea this spring
The beauty retailer will wind down its online, mobile app and store operations in the country beginning May 6. Sephora is exiting Korea, according to the retailer’s website for the...
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In the future, HungaroMet Zrt will also provide information on the duration of leaf moisture
In order to support plant protection works, in the future, HungaroMet Zrt. will publish information on leaf moisture content on its website. On the Agrometeorology page of the www.met.hu website,...
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Meat association: the majority of meat processors expect turnover to exceed last year
Before this year’s Easter season, there was no significant increase in the price of raw materials, so meat processors expect at least a turnover similar to last year, most of...
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Let’s choose domestic Easter ham!
Domestic meat industry enterprises are preparing for the Easter season with high-quality products again this year. Customers can choose from a wide range of products, so everyone can find the...
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MRSZ Media cake: high inflation took away the growth of the Hungarian advertising market
The figures of the Hungarian Advertising Association (MRSZ) assessing the spending of the media and communication market in 2023 have been published, which shows that although nominally there was double-digit...
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Márton Nagy: the performance of the food industry “will be fine”
We must return to the previous path of convergence and restore financial stability and the balance of the budget, said Minister of National Economy Márton Nagy on Wednesday in Budapest,...
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2023: a year of negative records in company trends
2023 brought a rise in company closures and liquidations both globally and in Hungary. According to international experts, high interest rates and post-Covid state aid cuts have led to the...
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Asahi acquires Winconsin-based Octopi brewery
Asahi Europe & International (AEI), the international business unit of Asahi Group Holdings, has acquired the beverage production and co-packaging facility of Octopi Brewing in Waunakee, Wisconsin. The acquisition will...
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The fee subsidy application related to agricultural insurance has been published
Within the framework of the Common Agrarian Policy Strategy Plan until 2027, the second call for tenders for rural development was published, which includes the conditions for premium subsidies available...
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The University of Gödöllő is developing precision slurry application technology together with Agrogép from Nyíregyháza
The Hungarian University of Agriculture and Life Sciences (MATE) in Gödöllő and AJG Agrogép Jármű- és Gépgyártó Kft. in Nyíregyháza are developing precision liquid fertilizer application technology based on artificial...
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Aldi aims to extend its international lead over Lidl
Aldi strives to curb Lidl’s international expansion plans. In Lidl’s most important international markets in the US and in the UK Aldi has launched massive investment programmes to expand footprint...
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Arla Foods invests in UK mozzarella production
The dairy cooperative claimed the move is its “largest ever investment into the UK”. Arla Foods is set to invest €210m ($227.6m) in mozzarella cheese production at one of its...
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MTT: a priority task is to preserve the productivity of domestic soils
On Wednesday, the Hungarian Soil Association (MTT) is holding an awareness-raising campaign day at around half a hundred points in the country – Agroinform.hu wants to draw the public’s attention...
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Europe non-alcoholic market could grow to €15.4bn
The Europe non-alcoholic wine and beer market size reached €8.6bn in 2023 as consumers continued to buy into the category. According to research by The International Market Analysis Research and...
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Walmart piloted an RFID receipt check. It didn’t work out.
Walmart recently discontinued a test of a machine that verified purchases people made using the retailer’s scan-and-go checkout solution at one of its stores in Bentonville, Arkansas, a spokesperson for...
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Fishing Association: the fishing industry is an integral part of Hungarian agriculture
The fishing industry is an integral part of Hungarian agriculture – stated the president of the Hungarian National Fishing Association (MOHOSZ) on Wednesday, at the VIII. Fish Day and III. At...
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LR SelfKiosk
Thanks to the vertical and modern, user-friendly interface of the new generation Laurel self-service checkout, customers can see their purchases on a much larger display. It is easy to install...
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No great optimism – say the K&H business indexes
Expectations for large companies are stuck. In the fourth quarter the K&H large business growth index basically remained unchanged, correcting from 0 to -1. This article is available for reading...
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Dr Eszter Varga: I don’t believe in issues, I believe in relationships
… and if we have the right relationships, we nurture and maintain them, then our issues will progress – says Dr Eszter Varga, banker, investor, founding co-owner of PannonHitel Zrt., executive coach,...
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Half of the employees would change, and almost a third of the job seekers would leave their careers
On the domestic labor market, almost every second employee is looking for a new job or is waiting for a good opportunity to come his way and change. Nearly a...
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Shared company bikes and mini offices in the workplace – could this be the future?
First came the open-plan workplaces, then the communal offices, and then the alternately used desks. At the same time, online storage facilities and other digital systems that can be managed...
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Companies fear the cyber security dangers of artificial intelligence
Artificial intelligence is conquering companies worldwide, but they are also worried about the cyber security risks associated with its introduction, according to EY’s international research with more than 1,400 companies....
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In the EU, the expected area of corn has been revised upwards
In the March projection of the International Grains Council (IGC), the 2023/2024., 2024/2025 indicates a global corn harvest of 1,233 million tons, exceeding the economic year by 0.5 percent. financial...
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AI is particularly strong in this area
Artificial intelligence already has a significant impact on the IT labor market, so it can bring many changes this year. Certain jobs remain in demand, but overall, a downward trend...
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Minister of Agriculture: We must protect our agricultural markets
Brussels made an irresponsible decision when it allowed unlimited and duty-free Ukrainian agricultural products into the EU, so we have to make the right decision in June in order to...
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Important change: Nitrate data must be provided in the eGN by March 31
The National Food Chain Safety Office (Nébih) draws the attention of producers to the fact that starting this year, nitrate data must be provided through the electronic management log (eGN)...
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India becomes new target for Suntory investments
Suntory is looking to expand its beverage and nutrition business in India with local partners. As CEO Takeshi Niinami has said, the Japanese multinational is looking to invest much more...
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Lettuce exports increased by more than 50 percent in 2023
According to the KSH data, the area and quantity of lettuce harvested in Hungary has decreased continuously in recent years, but according to the KSH data, an increase was observed...
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ProWein underscores its role as the leading trade fair for the wine and spirits industry
After three busy trade fair days the world’s largest and most relevant trade fair for wines and spirits succeeded in spreading optimism on a currently stagnating market. Top ratings by...
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