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Péter Szijjártó: the Hungarian-Iranian agricultural cooperation agreement opens up new opportunities
The new agricultural cooperation agreement concluded between Hungary and Iran opens up new trade opportunities in the agricultural and food industry, Minister of Foreign Affairs and Trade Péter Szijjártó announced...
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KSH: gross average earnings were HUF 655,600 in December 2023, 16.4 percent higher than a year earlier
In December 2023, the gross average salary of those employed full-time was HUF 655,600, and the net average salary calculated with allowances in mind was HUF 451,300. The gross average...
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Agrometeorology: the early development of vegetation may gain momentum again
The lower average temperature of the past week slightly restrained the premature, rapid development of vegetation, but it may gain momentum again due to the mild weather of the next...
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Italy’s Crai Targets €1b In Private-Label Turnover By 2028
Italian retail cooperative Crai plans to increase the turnover generated from its private-label ranges from almost €350 million to around €1 billion by 2028. The retailer plans to introduce the...
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Danone ‘to sell off operations in Russia’
Danone is reportedly intending to sell its operations in Russia to local dairy group Vamin Tatarstan. The reports have emerged a day before the French giant is due to release its...
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The farmers of the Visegrad countries demonstrated together
Czech, Slovak, Polish and Hungarian farmers held a joint demonstration. Organized by the National Chamber of Agriculture, the Association of Hungarian Farmers’ Unions and Farmers’ Cooperatives, as well as the...
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Lidl UK looks for outside funding
The discounter wants to raise around 90 mn GBP from investors to build 12 new stores Lidl in the United Kingdom looks for new ways to finance its store network...
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BNPL popularity rises among ‘financially fragile’ consumers
About 60% of that group used BNPL five or more times in the past year, compared to just over 20% of more stable consumers, the New York Fed said. “Financially...
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The price of farmland in Hungary fell for the first time in more than ten years last year
Last year, the rising trend of the land market, which had lasted for more than a decade and was around 10 percent per year, was broken. The average price of agricultural...
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We are consuming less and less pork
According to statistics, the consumption of pork by Hungarians shows a decreasing trend, although some dishes made from pork are still extremely popular. In a recent article, HelloVidék covered the...
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The new and the old: NIS2 and GDPR in corporate information security
If you had to name a law that was created specifically for the protection of information in the European Union, almost without exception, GDPR would be the first thing that...
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On February 29, the III. REL EXPO, the short food supply chain conference and exhibition
The Short Food Supply Chain Expo and Conference will soon reopen in the main organization of the Kislépték Association and in the co-organization of the National Chamber of Agriculture and...
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Organic farmers enjoy an advantage in the distribution of HUF 2,900 billion intended for Hungarian agriculture
The social consultation before the call for tenders for rural development and agriculture has begun, so one detail may still change, but it is already clear that, in total, about...
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There is a lack of financial awareness among the youngest customers
Financial awareness can only be said of a narrow group of 14-18 year olds. In addition, every second young person thinks that they still have time to deal with their...
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The land sale program continues
More than 1,300 pieces of state-owned land with an area of less than 10 hectares will be offered for sale through a public tender in the land sale program, which...
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Discount Retailer Pepco To Quit Austrian Market
European discount retailer Pepco Group has said it will exit the Austrian market, saying it does not expect appropriate returns in the country. “The Group has today concluded that it...
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Heineken launches Birra Moretti with a hint of salt
Heineken has introduced Birra Moretti Sale di Mare, which is essentially unfiltered Birra Moretti lager, but “with a hint of sea salt”. The 4.8% ABV unfiltered lager is rolling out...
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The pre-tax profit of social farms increased significantly in 2022
The Test Factory Information System monitors the property, financial and income situation of Hungarian commodity-producing agricultural enterprises year after year. The analysis using data from 2022 includes 2,109 sample plants....
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FMI: 70% of food companies have health and nutrition strategies
As links between food choices and preventive medicine grow stronger, companies are hiring more medical professionals and looking into emerging trends like medically tailored meals. Grocery stores have grown into...
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Aldi Nord consolidates logistics and sales structures
After years of cost savings the discounter eyes international expansion push Aldi Nord in Germany wants to further simplify its sales structures and optimize the supply of its stores. By...
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HPAI vaccine bank at the service of epidemic prevention
The National Food Chain Safety Office established an HPAI vaccine bank in cooperation with Ceva-Phylaxia Zrt. The highly pathogenic avian influenza virus vaccine produced by Ceva has been granted a temporary...
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GKI: Hungary has been in the EU for 20 years: how has the population’s consumption changed?
On May 1, 2004, ten new states joined the European Union, including Hungary. In our series of articles, we use one indicator to explore how the situation of our country...
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Kraft Singles rolls out new sliced cheese flavours for the first time in nearly a decade
Kraft Singles is launching three new flavours of its popular cheese range – jalapeño, garlic and herb and caramelised onion – for the first time in nearly a decade. Previously...
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Although their economic optimism has doubled, nearly half of CEOs say change is needed
According to the 27th Annual Global CEO Survey, recently published by PwC in Davos, CEOs’ expectations of an economic downturn have dropped to 45% from a record 73% in last...
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Joint Venture Association awards presented to the winner companies
On 3 February the Joint Venture Association (JVSZ) held the third edition of its prestigious “Companies for the Future Award” gala event, with nearly 300 business leaders in attendance. JVSZ...
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PwC paves the way for AI technology with Harvey
Harvey is built on OpenAI and ChatGPT technology and is backed by the OpenAI Startup Fund. The platform uses natural language processing, machine learning and data analytics to automate and...
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A successful year for the SPAR online store: already more than 200,000 users
The number of customers in SPAR’s online shop, which offers 13,000 products, has increased to more than 200,000 in five years. This article is available for reading in Trade magazin...
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Rossmann begins 20 billion forint investment in Hungary – State-of-the-art semi-automated warehouse and head office complex to be built in Üllő
Rossmann is planning for the long term in Hungary, with the completion of a 28,000m² logistics centre by the end of 2025, which will be complemented by a 4,000m² office....
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Agri-businesses have high hopes for 2024
Agricultural businesses are once again positive about the future, according to the latest 4th quarter results of the K&H agriculture index. This article is available for reading in Trade magazin 2024/2-3...
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Only alternative, organic and free-range eggs sold in four SPAR stores
From the end of January 2024, on a trial basis four SPAR stores in Budapest sell only alternative, organic and free-range eggs, excluding cage eggs from the assortment. SPAR has...
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