Events
The market reporting obligation for certain dairy products has been extended until 2023
The Ministry of Agriculture (AM) has extended the scope of the market reporting obligation for certain dairy products to the Dairy Interbranch and Product Council until 2023 – the council...
Read moreMLBKT: PMI indicates minimal growth
The seasonally adjusted February Purchasing Manager Index (PMI) was 50.1 points, down from 52.2 in January and the fourth lowest since February 1995 – the Hungarian Logistics, Purchasing and Inventory...
Read moreImmediate bank transfer will have a big impact on curbing cash flow
It will have a huge impact on curbing cash flow if an immediate bank transfer is triggered – Trencsán Erika, leading financial expert told M1 news channel on Saturday. The...
Read moreThe OECD has lowered its global growth forecast
Since the economic and financial crisis, the world economy is expected to suffer the biggest decline due to the outbreak of the coronavirus – according to the Paris-based Organization for...
Read more
SAP Plastics Cloud or Technology for the Environment
New global marketplace for companies to use recycled plastics and other alternatives; partnership with an ocean-going sailing expedition of a women’s scientific research initiative; sustainability assessment of the harmful effects...
Read moreDisposable plastic bags were banned in New York State
On March 1, a ban on disposable plastic bags came into effect in New York, where about 23 billion plastic bags have been sold each year – origo wrote. The...
Read more
Amazon Expands Physical Footprint With Bigger Cashier-Less Grocery Shop
The world’s biggest online retailer is set to open ‘Amazon Go Grocery,’ a store in Seattle’s Capitol Hill with four times the shopping space as the first cashier-less location it...
Read more
Edeka To Launch Own-Brand Vegan Patties And Mince
German retailer Edeka has announced plans to roll out a new range of private-label vegan burger patties and mince branded as No Meat. Just in March of this year. The...
Read more
Coronavirus To Cost Europe’s Retailers $4bn In Lost Sales: Study
Supply disruptions caused by the coronavirus is expected to lead to £3.26 billion (€3.8 billion) in missed sales for retailers in Europe in the six weeks to 20 April, with...
Read more
Magazine: Wining and dining ten years from now
Earlier I already told on the pages of this magazine that by 2030 there will be approximately 110 megapolises on planet Earth, each with a population bigger than 5 million....
Read moreAM: irrigation and digitalisation also increase competitiveness
Strengthening the livestock sector, spreading digitization and increasing irrigated areas are also needed to increase agricultural performance – Farkas Sándor, parliamentary secretary of the Ministry of Agriculture said at a...
Read moreKSH: investments increased by 5.9 percent in the fourth quarter of 2019
Investments increased by 5.9 percent in the fourth quarter of 2019, compared to the same period of 2018, with the fastest record growth of 14 percent, the Central Statistical Office...
Read moreA new wine law is being prepared
The third wine law has been drafted since the change of regime – the Secretary General of the National Council for Mountain Communities told M1 news channel on Saturday. Brazsil...
Read moreThere is huge potential for development in the horticultural sector
The Hungarian horticultural sector has a great potential for development, reaching only 30-40 percent of its capacity for years. The National Chamber of Agriculture, together with the strategic partner professional...
Read moreAnalysts: the coronary epidemic may slow down the performance of the economy
Economic analysts told MTI that the coronary epidemic makes economic forecasts in this year uncertain, but they still expect an around 4 percent. Gross Domestic Product (GDP) increased by 4.5...
Read moreOKSZ: even though demand for durable food has increased slightly, the security of supply is not at risk
Turnover data for the last 24 hours show that demand for certain durable foods has slightly increased in the member companies of OKSZ, according to the OKSZ announcement. The Trade...
Read more
AM Secretary of State: the Flavors and Traditions competition in Orosháza is a savior of values
The competition of Orosháza traditions and flavors is essential for keeping our memories alive, along with other similar events, said Farkas Sándor, Parliamentary State Secretary of the Ministry of Agriculture...
Read moreConsumer sentiment in the United States improved in February
Consumer sentiment in the United States improved in February, according to a standard monthly survey by the University of Michigan. According to final data released on Friday, the consumer sentiment...
Read more
Google Shopping is growing at an alarming rate
Google Shopping is growing at an alarming rate. Accounting for 55% of Google search ad clicks in the US, Google Shopping is a huge traffic-driving source, ultimately increasing earning potential...
Read more
A restructuring information and communication technologies market
Tamás Laufer, president of the Hungarian Association of IT Companies (IVSZ) told: In just 5 years the direct and indirect gross value added (GVA) of the information and communication technologies...
Read more
The impact of microplastics on food safety: the case of fishery and aquaculture products
Microplastics present in the oceans and inland waters are unintentionally ingested by a large number of aquatic animals of commercial value. These plastic particles are made of compounds such as...
Read more
Brazil Beef Firms Face Reduced Chinese Demand Due To Coronavirus
China’s beef imports will fall in the first half of 2020 due to fallout from the coronavirus outbreak, which is complicating the circulation of people and trade globally, Rabobank said...
Read more
Lidl Denmark To Introduce Animal Welfare Label For Fresh Chicken
Lidl Denmark has announced that it is to introduce an animal welfare label to its fresh chicken offering from the beginning of March. All fresh chicken sold in the retailer’s...
Read more
Kifli.hu Has Opened Its Drive-Thru in Budapest
James McQuillan, Chief Executive of Kifli.hu posted the following on their Linkedin-page: ‘Shelves are empty across Budapest, but at Kifli we’re still open. Given that Budapestians are keen to quickly...
Read more
Magazine: Spirits 2019
Extending the public health product tax (NETA) to spirits in 2015 entailed a 20-30 percent price increase in the category. Sales were also affected negatively by the law that allowed...
Read more
Nébih: quality and labeling problems have also been found at cheese products
The National Food Chain Safety Authority (Nébih) has tested 31 cream cheese products in its latest Supermenta product test, and 20 cases have been subject to regulatory action due to...
Read moreThe coronavirus is boosting demand for durable foods
Coronavirus disease is on the rise in Europe, prompting people to accumulate durable foods in Hungary as well – privatbankar.hu wrote. The National Trade Association, which includes members of Tesco,...
Read moreAccording to a recent K&H study, SMEs remain optimistic
On average, small and medium-sized enterprises (SMEs) expect 8.3 percent more revenue and 5.2 percent profit growth this year. The most optimistic sectors are the medium-sized and commercial companies –...
Read more
With full employment, the number of economically active people is decreasing
The labor market is stabilizing, reaching full employment – but the number of economically active people has been falling for four months – according to a quick analysis by ING,...
Read moreA full agricultural census will be launched in May
The Central Statistical Office (KSH) will conduct a full agricultural census between May 15 and June 30, 2020, entitled “Agricultural Census, 2020,” – origo wrote. The purpose of the survey...
Read more