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U.S. farmers will receive another 1 billion USD aid from the government
U.S. farmers will receive another 1 billion USD aid from the federal government – U.S. President Donald Trump has announced. With the amount, the government indirectly, through the so-called Farmers...
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Finger licking is paused
The use of KFC’s „It’s Finger Lickin’ Good” slogen is paused in advertising around the globe. The Press Release was announced on the brand’s site on 24th Aug. on the...
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Rising uncertainties from COVID-19 cloud medium-term agricultural prospects
The fight against the global COVID-19 pandemic is causing unprecedented uncertainties in global food supply chains, with potential bottlenecks in labour markets, input industries, agriculture production, food processing, transport and...
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We have never needed energy this much before
According to András Palkó, marketing operations manager of Coca-Cola HBC Magyarország, energy drink sales continued growing in 2019: volume sales augmented by 2 percent and value sales jumped 8.9 percent....
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In the land of the grill
Last summer was hot, so the barbecue season was successful, but nothing is sure about this season. Ágnes Kalácska, marketing and sales manager of Bonafarm Zrt. told our magazine that...
Read moreGKI: economic expectations deteriorated in August
The dynamic rise in the GKI business cycle index came to a halt in August after the April low, with half of the April fall caused by the pandemic being...
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Nearly a quarter of young people make no distinction between dietary supplements and medications
72 percent of young people are aware that food supplements are a supplement to the traditional diet, but 23.6 percent mistakenly classify these products as medicines and try these drugs...
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Severe famine is expected in Africa
Climate change, locust infestation, civil wars, terrorism, and now the coronavirus. Sub-Saharan Africa is a continual crisis zone anyway, so despite the rapid response of governments and previous deceptive hopes...
Read moreOne hundred and ten economists were asked about America’s economic prospects
It will not be easy for the U.S. economy to regain and maintain momentum in the next period. Preserving jobs has paramount importance, for which further fiscal stimulus measures would...
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Taste and color cavalcade By Mondelez
To celebrate 35 years of fun and flavor, the SOUR PATCH KIDS® brand is looking to make things a little sweeter for their fans by opening the doors to the...
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Where robots pick tomatoes
The pandemic catalyzed the use of robots and artificial intelligence. Digitization has been introduced in sectors where it was unimaginable – magyarmezogazdasag.hu wrote. Source: magyarmezogazdasag.hu A Boston startup, Root AI,...
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The largest European economies show the signs of slowdown
In Germany, France and the euro area as a whole, IHS Markit published its preliminary purchasing method indices in August, and other indicators besides the German manufacturing industry fell short...
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Many vendors were knocked out of the store by the virus
The coronavirus pushed down the number of store employees by 23,000 in the second quarter. Meanwhile, part-time employment has jumped. One-tenth of shopkeepers lost their jobs, or part of them,...
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Nielsen: Hungarians ate twenty million frozen pizzas in a year
Frozen pizza rules: between July 2019 and June 2020, the Hungarians bought a quarter more in value and almost a tenth more in volume, compared to the same period of...
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The coronavirus effect has reached the poultry market
In the recent period, the transfer price of poultry products has decreased by an average of 5-10 percent compared to last year – Csorbai Attila, Chairman and Director of the...
Read moreHungarian sweet corn is sought after worldwide
The harvest of sweet corn, with its early varieties has begun. Hungary is the largest producer in Europe and the second largest exporter of canned corn in the world. This...
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All fats are bad?
Like eggs, margarine, or sugar, from time to time, fat becomes the number one public enemy in nutritional recommendations. Thus, it is no wonder that the various fats and oils...
Read moreOpten the survival rate of start-up Hungarian companies deteriorated
The survival rate of start-up Hungarian companies has deteriorated in the past year as well, with less than 70 percent of companies reaching the age of 5, while 46 percent...
Read moreThe WTO world trade trend indicator fell to a record low in the second quarter
The WTO world trade trend indicator fell to a record low in the second quarter, according to a report published on the World Trade Organization’s (WTO) website on Wednesday. The...
Read moreTrade talks between the US and China may continue
The U.S. and China would “sit down” again to continue negotiations on a trade agreement, the Chinese Chamber of Commerce announced. Negotiations that were suspended during the coronavirus crisis would...
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The highest inflation occurred in July in the euro area four months ago
According to preliminary data, the highest inflation in the euro area for the last four months was in July, according to a report published on Wednesday by the European Union’s...
Read moreOMME: honeys in stores are safe to consume
Hungarian customers can choose from good quality honeys, most of the products on the shelves of the shops passed the annual inspection carried out by the National Hungarian Beekeeping Association...
Read moreNAK: This year’s sweet corn crop may be of good quality and close to average
A close-to-average, high-quality crop of around 500,000 tons is expected from sweet corn this year, the National Chamber of Agriculture (NAK) told MTI on Tuesday. According to their announcement, the...
Read moreTop financial managers in Western Europe are depressed after the pandemic
While at the beginning of the year the financial managers of Western European companies dealt with development investments and reported good profit prospects this year, now securing the funds needed...
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Mountain Dew calls consumers to “Claim the Outdoors”
PepsiCo’s iconic brand is announcing a challenge for fans to “Claim the Outdoors” for a chance to win epic prizing through sharing experiencies on the social media. According to the...
Read moreConsumer sentiment improved slightly in August in the United States
Overall, little has changed, but instead of the expected deterioration, consumer sentiment in the U.S. improved slightly in August, according to preliminary data from the monthly survey by the University...
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FAO leads the way to clearer peatland mapping and monitoring
Peatlands cover only 3 percent of the world’s surface yet contain as much carbon as all of its vegetation, dramatically underscoring their pivotal role in global climate regulation. Their degradation,...
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Some shopkeepers opted for part-time work
In addition to the 22,000 layoffs, shopkeepers also threw in part-time work during the epidemic months. The proportion of part-timers in major stores jumped from 20% to 25% by May....
Read moreAnalysts this year’s economic downturn next year bounce may follow
The performance of the Hungarian economy may jump next year after this year’s downturn – macroeconomic analysts told MTI, who estiimates the growth rate in 2021 at 3-5 percent. According...
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Garantiqa: Hungary is at the forefront of corporate loan guarantees in Europe
Hungary ranks second in Europe in the application of guarantee schemes for corporate loans – Garantiqa Hitelgarancia Zrt. (Garantiqa), part of the MFB Group, told MTI based on the latest...
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