Events
Generation Z spends three times as much on Valentine’s Day as on any other day
Generation Z spends more than three times as much as on an average day. Men born before 1964 typically do not spend money on Valentine’s Day gifts, on the other...
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Is potato milk the new dairy alternative?
Two new brands are aiming to replace cow’s milk with potatoes, creating foods that rival traditional cheeses and dairy products. Vegan cheese has been around for a while. They are...
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The production of food, beverages and tobacco products decreased by 4.8 percent in December 2022
In December 2022, the volume of industrial production exceeded the previous year by 2.0 percent. Adjusted for the working day effect, production rose by 5.7 percent. The significant difference compared...
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2022 was a year of extremes in the global takeover market
In 2022, we experienced a serious upswing in the Hungarian takeover market, and within that also in the field of private equity investments. The uncertain geopolitical situation, the continuously rising...
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KSH: The production of food, beverages and tobacco products increased by 6.6 percent in 2022
In 2022, compared to the previous year, industrial production expanded by 5.8 percent, following the 9.5 percent increase a year earlier. Within this, among the three branches of the national...
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NAVIGATOR Investments Nyrt strengthens with a new Sales and Marketing Director.
From February 2023, Pintyőke Marcell will hold the position of commercial and marketing director of the NAVIGATOR Group. From November 11, Iringó Novák will assume the position of Indotek Group’s...
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They are developing vegan salmon fillets and crab cakes
Two Canadian startups will get government help to further develop the technology needed to produce the next generation of vegan seafood. Toronto-based startup New School Foods has received funding from...
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Sesame allergy: the new regulation does not work
Sesame seed has been added to the official list of allergens in the United States, which means it is subject to specific food allergen regulatory requirements, including explicit ingredient labeling...
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Collection of used cooking oil at OMV filling stations
Used cooking oil is still not properly treated in many households. Cooking oil that is no longer suitable for food use is considered hazardous household waste, and it can also...
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K&H: Can every fifth company pull down the curtain due to high energy prices?
Inflation and the continuous rise in energy costs are causing more and more problems for companies. Companies try to compensate for the latter primarily by limiting heating, reducing lighting and...
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Development in the vegan beauty market is explosive
A new study released by the UK’s leading vegan charity has revealed that interest in vegan beauty products is at an all-time high after growing steadily over the past 10...
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The love stays, the card goes – what to do with the waste generated on Valentine’s Day?
The first Valentine’s Day card in Great Britain is believed to have been sent by Charles, Duke of Orleans to his wife in 1415, and the first commercial Valentine’s Day...
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Coca-Cola Europacific Partners hits milestone at £1m charitable donations in 2022
Coca-Cola Europacific Partners (CCEP) has hit a milestone with almost £1 million invested in charitable donations through its community and volunteering initiatives last year. Almost £200,000 of this went directly...
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Japan legalises self-checkout alcohol sales
Last week, Japanese Minister of Digital Affairs Taro Kono announced that stores would now be permitted to sell alcohol and tobacco through self-checkout registers, without a clerk checking the customer’s...
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Aldi Unveils New Regional Headquarters And Distribution Centre In Alabama
Aldi USA has opened its new regional headquarters and distribution centre in Loxley, Alabama. The 564,000 square-foot facility is equipped to supply goods to stores across Louisiana, Alabama, Mississippi and...
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The German and Hungarian agricultural economies are linked by a thousand threads
Germany is traditionally Hungary’s most important economic partner in the agricultural sector as well – stated Minister of Agriculture István Nagy, who received German Ambassador Julia Gross in his office...
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On an annual basis, food prices slowed in January, but shopping did not become cheaper
Food inflation in Hungary decreased from 44.8 percent in December to 44 percent in January in an annual comparison. The slowdown is primarily the result of base effects – pointed...
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KSH: Poultry meat and bread cost 2.8 and 2.7 percent more compared to the same month of the previous year
In January of this year, consumer prices exceeded a year earlier by an average of 25.7 percent, the Central Statistical Office (KSH) announced on Friday. Over the past year, household...
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Márton Nagy: inflation will be single digits by the end of the year
According to expectations, inflation will decrease from next month and will be in single digits by the end of the year, the Minister of Economic Development said on the government’s...
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Let’s eat less, eat worse! – is this really the only thing left?
The retail sector ended the year 2022 with an extremely poor performance, according to the KSH, in December food retail trade showed an 8.3 percent decline on an annual basis....
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Super Bowl brought in additional revenue this year due to increased food and beverage sales
In 2023, the most important event in the American sports economy, the final of the American football championship on Sunday, the Super Bowl, will bring in record revenues in 2023,...
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Inflation’s impact on the food shopping of households
Analysing per capita spending data from the Central Statistical Office (KSH), published in 2021, what we see is that in 2020 Hungarian households spent the most on buying food (26.1%)...
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Arabica Coffee Prices To Drop 12% As Global Surplus Forecast
Arabica coffee prices are forecast to post an annual drop of 12% in 2023, with a large crop in top producer Brazil expected to lead to a global coffee surplus...
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France To Get New Discount Supermarket Chain
A new French discount supermarket chain – Toujust – is set to open its first store in Alès, in the Gard region, mainly selling private-label products, according to media reports....
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PepsiCo earnings beat expectations as price hikes boost snack and beverage sales
PepsiCo on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, fueled by higher prices for its snacks and drinks. But the company saw volume fall 2% across its food business...
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Good news about non-ÖKO seeds and tubers
Regulation 889/2008/EC of the Commission of the European Union permits the use of seed and potato tubers from non-organic farming in organic farming, if the producers cannot obtain propagating material...
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The Nébih interface for e-GN submission can now be tested
Nébih provides an interface for the submission of the electronic management diary (e-GN), which thus enables the direct submission of data from the farmers’ farm management software. The “connection request”...
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EY: A mild recession, but a sluggish recovery awaits businesses
Companies in Europe have to face a short and mild economic downturn, which is, however, only followed by a slow recovery, reads the international study by EY. The Central and...
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The GVH continues its targeted official actions on the market of durable foods
The Economic Competition Authority (GVH) will continue its targeted official actions on the durable food market, the aim of which is to reveal the distortions of competition in the Hungarian...
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Gergely Gulyás: The VAT reduction of food items did not come up
At Thursday’s government briefing, Gergely Gulyás said that the VAT reduction did not arise, which otherwise significantly lowered inflation in Croatia. And the reason for this is that, according to...
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