Events

Heineken Ireland acquires the rights to distribute Molson Coors beer brands in Ireland

Heineken Ireland has agreed to acquire the distribution rights for the Molson Coors beer brands in Ireland. Prior to the agreement Heineken Ireland already held the distribution rights for Coors...

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The wealth of the richest people may explode in a way that is hard to grasp with common sense

Tremendous amounts of money will pour into private bank accounts in the next five years, the size of managed assets will exceed HUF 20,000 billion by 2028 after 8,575 billion...

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Chemicals used in food packaging are cause for concern: carcinogens have been found

A new study draws attention to the potential health risks of chemicals used in food packaging, Pénzcentrum reported following CNN. According to the research, there are nearly 200 chemicals used...

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New method to reduce alcohol consumption in Britain: tsmaller portions of beer

British researchers propose a new way to curb alcohol consumption: introducing smaller portions instead of the traditional pint-sized beer. In an experiment conducted in a dozen restaurants in England, the...

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Violife adds new plant-based sandwich toppings to its portfolio

Violife has rolled out 100% plant-based sandwich toppings in Hungary under its Viodeli sub-brand, as an alternative to animal-based cold cuts. This article is available for reading in Trade magazin...

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The ifo German business sentiment index deteriorated in September

Due to the deteriorating perception of the current situation, the September German business sentiment index of the ifo economic research institute was significantly below expectations. According to the ifo Institute...

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PM: the government is again keeping the level of the deficit on a moderate path

With the measures taken this spring, the government improved the scope of the budget by more than HUF 1,000 billion. In the months following the decisions made, the budget ended...

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The world leader in technology would establish new biogas plants in Hungary within a few years

Our country’s National Energy and Climate Plan – in line with the objectives of the European Union – assigns a much greater role to biogas than before in order to...

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The detailed domestic report of the Randstad Workmonitor research has been published

The Randstad Workmonitor 2024 report sheds light on the transformation of the Hungarian labor market, especially with regard to factors such as work-life balance, the need for flexibility, and employee...

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Nestlé Purina invests £150 million for UK factory upgrade

Set to finish by early 2025, the upgrade in Wisbech includes new technology and machinery for production lines as well as initiatives to enhance energy efficiency and reduce carbon emissions....

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Exports of live pigs and pork also increased

According to KSH data, Hungary’s live pig exports increased by 27.2 percent to 16.4 thousand tons in January-June 2024 compared to the January-June 2023 amount. The main partners were Romania,...

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MBH Investment Bank currency analysis: the forint may strengthen in the short term

According to the latest analysis of the MBH Investment Bank, the Hungarian forint may gradually strengthen against the euro for the rest of the year. The analysis team used the...

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Aldi and Schwarz Group raise the bar for sustainable retail operations

German discounters commit to Net Zero by 2050. Aldi Süd and Schwarz Group want to reach carbon neutrality across their entire value chain, including suppliers. The ambitious goal sets a...

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Spanish Regional Chains Outperform National Competitors

The Spanish grocery market is showing signs of stabilisation after five years of upheaval caused by the pandemic, inflation, and supply chain disruptions. According to Kantar, the top four chains...

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Administration has become a political issue in agriculture

Administrative issues such as the amendment of strategic plans or the various annual performance reports and unit costs have such a direct impact on the lives of agricultural producers that...

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Here’s what consumers want from online grocers

A new survey reveals the types of features and services that draw shoppers to online grocery retailers. According to the results of a recent poll of 1,000 U.S.-based adults about...

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The price of chicken breast is 11 percent lower than a year ago

Based on data from the KSH, Hungary’s poultry meat exports increased by 2.5 percent to 106,000 tons in the first six months of 2024 compared to the same period in...

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This year’s Green Pledge trademarks were awarded

For the second time this year, the trademarks of the Green Pledge application launched by ÖRT, MMSZ and MAKSZ were awarded. This year’s winners of the initiative, which emphasizes the...

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Significant wage growth in Hungary: in July 2024, earnings continued to grow

According to the latest data from the Central Statistical Office (KSH), in July 2024, the gross average earnings of full-time workers rose to HUF 636,700, while the net average earnings...

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Fruit growing is in crisis: There is no supply and rising costs are affecting the sector

Across Europe, fewer and fewer people see the future in fruit growing, which has serious consequences for the sector. Farmers are getting old, and in many cases there is no...

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Unrealistic green transition: the growth of global energy consumption and the limits of renewable energy

The Energy Institute’s 2023 Energy Statistical Yearbook paints a sobering picture of the global energy situation. Although renewable energy sources such as solar and wind power are growing at a...

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Blue Planet: we must adapt to the challenges of climate change

If the environment changes, we can be sure of one thing: the farmers must also change – stressed István Nagy, Minister of Agriculture, to former head of state János Áder...

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EPR system: difficulties and challenges for companies

A year ago, companies were just getting to know the EPR (extended producer responsibility) system, but today it has become clear that compliance with the new rules is a serious...

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Rising coffee prices: disasters strike the world’s largest coffee growers

Coffee is becoming more expensive across Europe, as the world’s two largest coffee-growing countries, Brazil and Vietnam, faced severe natural disasters, reports EuroNews. Brazil was hit by a historic drought,...

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Luxembourgers have the highest retail purchasing power

In Europe the average per capita retail purchasing power is EUR 6,517, but there are significant differences in retail spending between the 25 European countries surveyed, with Luxembourg having the...

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The EU is turning to the WTO over China’s anti-subsidy investigation into dairy products

The European Commission has submitted an official consultation request to the World Trade Organization (WTO) after China launched an anti-subsidy investigation into some dairy products from the EU – the...

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World Tourism Day and Researchers’ Night: METU welcomes those interested with special programs

On September 27, the Budapest Metropolitan University (METU) awaits its visitors with exciting programs, as this year they celebrate World Tourism Day and the first day of Researchers’ Night at...

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Job seekers want feedback after applying, but this is often lacking

Most employees are bothered by not receiving feedback on their job application, which often creates uncertainty. The reasons for this are those who see it in themselves, in the poor...

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K&H: We can really do something for a sustainable planet with authentic environmental protection programs

As a result of the tightening ESG regulations, social responsibility programs are being integrated into the activities of more and more companies, and professional organizations are trying to highlight with...

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Significant tax changes are coming in Slovakia: VAT increase and cuts to reduce the budget deficit

The Slovak government presented its new consolidation package, which fundamentally changes the country’s tax system. Contrary to Prime Minister Robert Fico’s previous promise, the basic value-added tax (VAT) rate will...

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