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Analyst: if the food price freeze continues, it could be a big problem
Ákos Zsoldos, Portfolio’s macro analyst, was a guest on Tuesday’s episode of Portfolio Checklist, where he talked about the serious consequences of the food price freeze....
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Honey has become so expensive that no one needs it
Domestic honey purchases have frozen, meanwhile the Ukrainians are flooding the Hungarian and European markets with cheap honey. It is conceivable that the purchase price of honey will soon begin...
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A call for tenders supporting the joining of agricultural producers to the quality system has been published
Between March 1, 2023 and August 31, 2023, agricultural producers can again apply for non-refundable support in connection with joining the European Union and national quality systems. Such a notified,...
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More and more people are asking for their orders at package collection points
As part of an experiment, the team of the Behavioral Insight Team investigated what designs would help to nudge customers in the direction of ordering their products at parcel pick-up...
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In February, German and Eurozone economic sentiment improved more than expected
By February, the economic sentiment index of the ZEW economic research institute in Germany and the euro area rose unexpectedly to a twelve-month high. ZEW’s economic sentiment index (ESI), looking...
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Beekeeping is a key sector in Hungarian agriculture
Hungary was the first to make beekeeping tax-free, the first to grant pollination subsidies, and the first to actually list the countries from which the honey comes on the label,...
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EU Commissioner: the European Commission makes proposals to improve European competitiveness
In the coming weeks, the European Commission will present a series of proposals to improve European industry and competitiveness, this is particularly urgent in the current, challenging situation, said Maros...
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The work of plant doctors is indispensable for sustainable plant protection
Hungary agrees that the use of pesticides must be reduced, but an EU agreement is needed that finds the delicate balance between health, environmental and climate protection, as well as...
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Carrefour Enters Mongolia, Opens Two Stores
French retailer Carrefour has entered the Mongolian market, in association with partner Altan Joloo and its subsidiary Sansar. The retailer has opened two new stores in the country, operating under...
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The EU has proposed measures to improve the resilience of the fisheries and aquaculture sector
The European Commission presented a package of measures to improve the sustainability and resilience of the EU fishing and aquaculture sector, the EU Commission announced on Tuesday. Virginijus Sinkevicius, the...
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Coca-Cola debuts ‘transformation-flavored’ soda in its latest limited-time offering
Coca-Cola is introducing its latest limited-time offering called Coca-Cola Move in collaboration with Grammy-award-winning singer Rosalía, the company said in a statement. After last year’s roll-outs Coca-Cola Starlight, Coca-Cola Byte,...
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Fresh Food Packaging Market Set To Be Worth €193bn By 2023
The global fresh food packaging market is expected to grow at an average CAGR of 3.88% over the next ten years, new data from Future Market Insights has found. As...
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MOKK: it is worth making a will about the farmland in advance
If someone has farmland, it is definitely worth making a will about it in advance, as this can prevent disputes between the heirs – the Hungarian National Chamber of Notaries...
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The GVH ordered Wish to pay compensation
The Economic Competition Authority (GVH) has closed its investigation against Wish, one of the largest international e-commerce marketplaces, launched in 2021. The operator of the platform undertook a complex reparation...
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The net financial assets of households increased to HUF 69,513 billion
2022 IV. by the end of the quarter, the financial assets of households increased to HUF 83,939 billion, which is an increase of HUF 1,907 billion compared to the previous...
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In February, consumer sentiment in the euro area reached a one-year high
As expected, consumer sentiment in the euro zone improved to a 12-month high in February, according to Monday’s report based on preliminary data from the European Commission’s Directorate-General for Economic...
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Randstad “HR Trends 2023”: the corporate sector’s expectations for this year are mixed
The management of domestic companies is looking ahead to 2023 with more cautious expectations, according to Randstad’s latest “HR Trends 2023” research, which aims to provide insight into the adaptation...
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IKEA fights for sustainability not only with its furniture, but also with its food
IKEA wants to become a climate-positive company by 2030, but for this it needs to produce more plant-based food. In 2022, approximately 520 million guests tried IKEA’s food offering, which...
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World Pancake Day is here
Jam, cottage cheese, cocoa or hazelnut cream – pancakes are one of the most popular desserts and everyone loves them, but even such a seemingly simple delicacy can easily be...
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Tenders are open for butcher shops
Butcher shops operating as micro-enterprises can apply for up to HUF 3.5 million, MTI reports. Pál Márton Nobilis, the State Secretary responsible for the food industry and trade policy of...
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NAV is expecting KATA-based enterprises
After the changes at the end of the summer, the kata can be on the table again, but this time on the control side. Lately, the tax authority has been...
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Hungarian company managers are more pessimistic this year, according to a survey
According to the announcement, a little more than half of the optimists expect a net sales increase of between 4 and 10 percent; in the IT sector, service centers and...
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Smurfit Kappa Invests In Green Energy At Spanish Paper Mill
Smurfit Kappa has announced a €6 million green energy investment at its Sanguesa paper mill in Spain. The investment will be used to construct and install up to 12,000 solar...
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Auchan Retail Portugal Launches Ecological Detergent Made From Cooking Oil
Auchan Retail Portugal has launched a range of eco-friendly detergents produced from used vegetable oil, as it seeks to achieve its goal of reducing waste and promoting a circular economy...
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7UP unveils fresh brand identity with new packaging design
PepsiCo soft drinks brand 7UP has unveiled a new packaging design to elevate its international positioning. The brand identity is being introduced with the expression ‘New Get Up, Same 7UP’,...
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The call for tenders to support butcher shops has opened
Butcher shops operating as micro-enterprises can apply for up to HUF 3.5 million thanks to a new call from the Ministry of Agriculture, Dr. Pál Márton Nobilis is the state...
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The Agricultural Marketing Center presents Hungarian food products in Dubai
The Agrármarketing Centrum (AMC) will present Hungarian food products at one of the world’s leading food trade fairs, which is open from Monday to Friday in Dubai, AMC told MTI...
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Germany’s new Supply Chain Due Diligence Act and its impact on Hungarian suppliers
As of 1 January 2023 a new Supply Chain Due Diligence Act came into effect in Germany, which requires companies to audit their suppliers according to a certain set of...
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The US Food and Drug Administration recommends that plant-based milk replacer drinks can be sold as milk
The U.S. Food and Drug Administration recommends that plant-based milk replacer drinks be labeled “milk” by manufacturers. The organization of dairy enterprises is protesting. According to a draft rule issued...
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Dávid Hollósi: The price increase may stop, but food will not become cheaper
Dávid Hollósi, the managing director of the agricultural and food industry business of MKB Bank and Takarékbank, revealed in a recent interview for Index that the rate of growth of...
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