Events
By postponing investments, domestic companies protect themselves against late payments
Hungarian companies hold back their investments and pay their utility bills late, because they themselves do not get their money by the deadline in business-to-business (B2B) trade. Among other things,...
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In the OECD, inflation slowed down in April
In the countries belonging to the Organization for Economic Co-operation and Development (OECD), the annual growth of consumer prices slowed to an average of 5.7 percent in April from 5.8...
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Instant noodle soup market: trends and health considerations
After many years of growth, the consumption of instant noodle soups experienced a slight decrease for the first time in 2023. This change in trend was particularly noticeable in countries...
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SAP equips all its cloud products with AI capabilities and builds cooperation with leading AI companies
SAP’s annual conference is traditionally attended by a lot of attention, where the market leader in business software used to announce its latest developments and latest collaborations. At the SAP...
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The Hungarian dairy industry is in crisis: dramatic losses and rising costs
In 2023, the Hungarian dairy industry faced significant challenges, and this resulted in serious losses for several large milk processing companies. The taxable profit of Alföldi Tej Kft. deteriorated from...
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The sour cherry crop is decreasing, prices are increasing
2023 is a particularly difficult year for Hungarian cherry growers. Compared to previous years, the declining harvest volume and the resulting increase in market demand will have a significant impact...
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Data and AI write the future together, but we just don’t trust them: only 20 percent of managers make decisions based on data
Almost all of our activities have become faster and more efficient thanks to the technological revolution taking place before our eyes, but along with the brave new world has come...
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The smallest companies were left behind in the green transition
More and more company leaders are aware of the EU’s carbon neutrality goals. The attitude of company managers is still extremely positive regarding sustainability, but they increasingly feel that compliance...
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Japan is a prominent agricultural partner of our country
Minister István Nagy discussed the priorities of the Hungarian EU presidency, the reduction of food waste, and animal health issues. At the meeting, the minister drew attention to the fact...
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Loyalty site magyaranyero.hu is dedicated to customers looking for domestic products
was more than two years ago that Hungarian Product Nonprofit Kft. launched its loyalty site www.magyaranyero.hu. The website was created with the goal of having a platform through which manufacturers...
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New animal welfare grants worth HUF 42.5 billion
The government supports sustainable and efficient animal husbandry with all possible means, and therefore encourages the improvement of animal welfare with various subsidies. In recent days, the Ministry of Agriculture...
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Hungarians write the future of video content production: the RECnGO software company cooperates with the Chinese market-leading hardware manufacturer
RECnGO’s name is now known to almost everyone who is involved in the production of quality video materials, whether as a hobby or at a professional level: the Hungarian startup’s...
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The processing sales price of chicken breast decreased by 15 percent
Based on data from the KSH, Hungary’s poultry meat exports increased by 3 percent to 53,000 tons in the first three months of 2024 compared to the same period in...
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Lidl expands operations in Portugal and Croatia
Lidl Portugal has opened its 16th store in a revamped sports complex, the result of a partnership between the German retailer and historic Lisbon-based football club Os Belenenses. This article is...
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Nébih spends almost 1 billion forints on development and training at its experimental and breeding stations
The National Food Chain Safety Office (Nébih) is modernizing the infrastructure of its variety testing and breeding stations in Monorierdő, Pölöské, Székkutas and Tordas with a non-refundable grant of HUF...
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Nébih spends almost HUF 1 billion to develop its experimental and breeding stations
The National Food Chain Safety Office (Nébih) will modernize the infrastructure of its variety testing and breeding stations in Monorierdő, Pölöske, Székkutas and Tordas with a HUF 985 million non-refundable...
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The health of plants means the future of all of us
Plants provide one of the bases of food supply: without plant cultivation, there would be no food or fodder. If plants die, it affects the livelihood of farmers and producers,...
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FIABCI World Prix d’Excellence 2024: Hungarian real estate developments among the best in the world
With three gold and one silver medal, Hungarian real estate developments were once again among the best in the world at this year’s FIABCI World Prix d’Excellence International Real Estate...
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Alcampo, Eroski And Consum Ramp Up Store Openings in Spain
Several supermarket groups are ramping up store openings in Spain, despite a slowdown in the overall market. Retailers including Alcampo, Eroski and Consum aim to expand their reach and grab...
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Amazon AI initiative tackles defective products
Amazon is using artificial intelligence to scan items for defects before they are shipped. An Amazon AI model named “Project P.I.” (the P.I. stands for “private investigator”) uses a combination...
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The export of live pigs increased by 58 percent
According to KSH data, Hungary’s live pig exports increased by 58 percent (8.7 thousand tons) in January-March 2024 compared to the amount in January-March 2023. The main partners were Romania,...
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Hungary has been in the EU for 20 years: how has GDP per capita 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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Innovations – more nuanced ways and preferences
With a record annual inflation rate of 17.6% measured by the Central Statistical Office (KSH), it is understandable that the appeal of private label (PL) products has continued to grow....
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Consumption increased by 3.4%
KSH confirmed that in the first quarter of this year, the performance of the economy increased by 0.8% compared to the previous quarter, according to adjusted data.Compared to the same...
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KSH: the food industry slowed down the industry’s decline the most
The volume of Hungary’s gross domestic product in the first quarter of 2024 exceeded the same period of the previous year by 1.1 percent according to raw data, and by...
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An opportunity out of compulsion: Hungarian e-retailers can win by crossing the border
The appearance of Temu caused a bigger market shock in domestic e-commerce than the coronavirus epidemic and the war in Ukraine. A thoughtful use of AI can stand out from...
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Countdown before the mandatory redemption system is fully activated
Manufacturers have less than a month, until June 30, 2024, to ignore the rules for products with a mandatory redemption fee and to market products that are otherwise subject to...
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The Evolving Landscape of Beverage Trends in 2024
As the beverage industry enters 2024, several emerging trends are shaping the future of how we drink. From culinary-inspired cocktails to the rise of low-alcohol options, the alcohol industry is...
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Traders are worried about the rising cost of container freight
The shutdown of the Red Sea shipping route has caused a dramatic increase in maritime transport rates due to conflicts involving Israel, Hamas, and Yemeni Houthi rebels. This disruption has...
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GeePower Manufacturing Kft. now produces most of its formerly subcontracted products in its own factory
“The value of domestic household chemical brands lies in that they are well-known and popular. Our mission is to further strengthen the brand loyalty of customers, so we continuously improve...
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