Events

Századvég: the war continues to leave its mark on the economy

Based on the July survey of the Századvég Konjunktúrakutató, the population’s and businesses’ sense of the economic situation both worsened: the population index, interpreted on a scale between minus 100...

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Ministry of Agriculture: Bábolna Farmers’ Days at the service of farmers again this year

September 8-10. between Bábolna National Stud Farm welcomes visitors to the Bábolna Farmers’ Days. The event, which will be held on approximately 20,000 square meters, will provide interesting and exciting...

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The ECB raised the benchmark euro interest rate by 50 basis points

The Governing Council of the European Central Bank (ECB) decided on Thursday to raise all three key interest rates by 50 basis points and approved the new transmission protection instrument...

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Nearly 29,000 farms are affected by the Dutch government’s plans to reduce nitrogen emissions

According to the calculations of the Dutch Ministry of Finance, 11,200 livestock farms would have to be closed and another 17,600 would have to reduce the number of animals they...

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The growth rate of food prices will already exceed incomes this year

We will start to feel the effects of the war in food prices in the quarter of 2022, and the effects of the Covid crisis are currently still visible. Food...

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Heatflation: How high temperatures drive up food prices

Soaring temperatures in Europe have impacted agricultural production and look set to have a knock-on effect on food costs. As warmer weather becomes the norm, will “heatflation” become a regular...

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Sustainability and competitiveness are incentives for agriculture – a lesson learned from the CSR Afternoon

At the CSR Afternoon organized on July 19, 2022, CSR Hungary and Hipp Kft.’s event on social responsibility and sustainable agriculture, in Hanságliget, the focus was on sustainability and competitiveness...

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Capgemini Research Institute: 34% of employees plan to leave their current job within a year

According to international research examining employee experience within companies, managers are overly optimistic about their employees’ job satisfaction. 28% of non-managerial employees claim that they feel comfortable at work, while...

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New energy prices are challenging everyone

Although we knew this in advance, it still hurts now that we cannot maintain the level of energy prices moderated by utility cost reduction. However government does not release the...

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How The Frozen Food Category Is Seeking To ‘Sustain Its Strength’ After COVID-19?

Like every sector of grocery retail, frozen food has been impacted by the looming threats posed by rising inflation affecting costs at every level, concerns over a strained supply chain,...

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30 new Kulcs Quality Pharmacies waiting for customers across the country

At Kulcs Pharmacies, the biggest pharmacy transformation series of all time has reached a major milestone. In July 2022, the number of pharmacies that offer premium service, have earned the...

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The speakers of the Free University analysed the slowdown in the economy, agricultural self-sufficiency and issues of minority rights

Speakers of the 31st Bálványosi Summer University and Student Camp held lectures on the expected economic recession, the importance of agricultural self-sufficiency, and the issue of minority rights in Tusnádfürdő...

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This is the reason why there are problems with the sugar supply

Although there is currently no question of a nationwide and permanent sugar shortage in Hungary, according to the largest retail chains, many people really perceive it well, and in some...

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KSH: GDP last year also exceeded the pre-pandemic level

Hungary’s gross domestic product (GDP) was higher last year than the year before the coronavirus pandemic, the Central Statistical Office (KSH) announced on Wednesday, in connection with its publication “Hungary,...

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K&H: the number of young people with loans has decreased

The number of young people with loans has decreased in Hungary based on this year’s representative survey prepared for the youth index of K&H Bank, the bank informed MTI. According...

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Nestlé To Develop Immunotherapies For Food Allergies

Biopharmaceutical company Enterome has signed a strategic R&D collaboration and license agreement with Nestlé Health Science targeting food allergies and inflammatory bowel disease (IBD). Enterome is a clinical stage biopharmaceutical company developing...

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Consumer confidence in the euro area and the EU deteriorated in July

Consumer confidence in the euro area deteriorated more than expected in July. On Wednesday, the European Commission announced as preliminary data that the value of the consumer confidence index in...

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This is Hungarians prepare for winter

There is gross inflation in Hungarian stores, and there is no end in sight. Not only the prices of basic foods have gone up, but fresh fruit and vegetables also...

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The growth of Swiss watch exports slowed to 8.1 percent in June

Exports of Swiss watches in June this year increased by 8.1 percent, compared to a year before and amounted to 2.129 billion Swiss francs, the Swiss Watch Industry Association (FHS)...

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ALDI overtaked LIDL in being the UK§s cheapest supermarket in June

Aldi has been named as the nations cheapest supermarket in the month of June, beating rival Lidl for the first time in seven months and saving customers over £25. According to the...

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AM: extended control by Nébih in vineyards and large wineries

This year, a new element is being added to the vintage control program that started four years ago. In 2022, in addition to the usual inspections of vineyards and wineries...

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Unilever cost cuts downsizes Magnum Multipack

Consumer goods company, Unilever has made the size of its Magnum multipacks smaller, as inflation continues to push up the price of grocery products. In a bid to mitigate these...

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Coface reported a not very positive situation

In a short time, companies will be able to calculate the euro exchange rate above HUF 400 in their plans, which can throw up inflation. Although it has achieved one...

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Századvég: the European Commission made a significant contribution to the serious energy situation

The business manager of Századvég Konjunktúrakutató Zrt. on the current channel M1 on Wednesday blamed the European Commission for the “marked” part of the serious energy situation. If it were...

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The subsidiary of Delta Technologies has entered the narrow elite of military supply companies

Delta Systems, a 100% owned subsidiary of Delta Technologies, became a certified NATO supplier based on the decision of the Ministry of National Defense. Pursuant to the qualification, Delta Systems...

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TIM: almost all registered students are already working

16-25-year-olds who received government wage subsidies for vacation employment have been able to apply since mid-June and will start working from the beginning of July. So far, 19,312 high school...

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Agricultural experts: the world’s food economy has reached a turning point

Sorry, this entry is only available in HU....

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Magyar Bankholding expects inflation of 11.7 percent this year and 7.6 percent next year

In the coming months, inflation may rise to 11.7 percent this year, and fall to 7.6 percent next year due to price changes, the weakening of the forint, tax increases,...

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EU urged to be at forefront of cultivated meat research and innovation

Europe is at risk of falling behind in the race to commercialize cultivated meat, heard the first ever European Parliament debate about cultivated meat, held on Wednesday 13 July. The...

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Artificial meats can also be expected to gain popularity in Hungary

Due to climate change, depletion of natural resources, mass migration, epidemics, and the Russian-Ukrainian armed conflict, the world’s food economy has reached a turning point. The listed factors, as well...

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