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What you should know about salt and salting
Salt, scientifically known as sodium chloride, is an essential mineral in human nutrition. It has been used for millennia not only as a seasoning but also as a preservative and...
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The European Commission extends the license for state aid to agricultural and fishing producers
The European Commission will extend by six months the temporary measures that allow the governments of EU member states to pay state aid to agricultural and fishing producers affected by...
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Mother’s Day: expert tips for mother-entrepreneurs
Women still have to meet conflicting expectations regarding starting a family and getting a job, which not only complicates their situation, but also takes away significant resources in terms of...
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New tools and sanctions help producers against buyers
Late payments to farmers by purchasers of more than 30 days will become punishable thanks to the package of producer protection laws adopted by the Parliament, announced Zsolt Feldman, the...
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Shady Girl cone flower, MATE’s new official variety
As a result of several years of research and breeding work, the variety candidate Rudbeckia hirta of the Ornamental Cultivation and Green Area Management Research Group of the MATE Institute...
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OECD: Food price inflation fell sharply in most countries
The Paris-based Organization for Economic Cooperation and Development, the OECD, slightly improved its global growth forecast for this year and next year compared to its previous estimate from February. According...
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MBH Bank: Growth may accelerate in the second half of the year, next year GDP may increase by 3.7 percent
The outlook for the Hungarian economy is stable, so thanks to the expected upswing in consumption, industrial production, trade and hospitality from the second half of the year, GDP growth...
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Competing kitchen rolls
Last year was a difficult one for the paper towel category too. NIQ data shows that although the market expanded by 16.2% in value, it contracted by 11.7% in volume....
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eMAG and Alza received a serious challenger in the field of e-commerce
Pepita Group Zrt., the owner of the online store Pepita.hu, achieved significant growth in the first quarter of 2023, both domestically and internationally. The company’s gross turnover increased by 30%...
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Ice cream brands are waiting for the end of the ice age
Ice cream’s “troubles” started with the energy crisis of 2022, with many stores reacting by cutting their refrigeration capacity. At the same time ice-creams have benefited from the sharp rise...
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BMI: Slower expansion in April
The seasonally adjusted April value of the Purchasing Manager Index (BMI): 51.8. Compared with the previous April values, this year’s value is lower than the long-term average for this month...
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X5 Group introduces robotic automation solutions in distribution centres
Russia’s X5 Group has launched a series of robotics projects in its distribution centres, as it seeks to optimise its logistics processes, increase workforce productivity, cut infrastructure costs, and improve...
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The foreign trade balance of fresh spinach was negative in 2023
In Hungary, spinach is one of the earliest outdoor vegetables. According to KSH data, the spinach harvest was 12.1 thousand tons in 2022, which was 32 percent higher than the average...
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Milk and dairy product alternatives optimised for healthy nutrition
This article is available for reading in Trade magazin 2024/5 “The number of people living with food intolerances is increasing year by year, strengthening the need for sugar-, lactose- and...
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MATE further strengthened its position in the QS agricultural science ranking
The Hungarian University of Agricultural and Life Sciences is 151-200 this year as well ranked in one of the world’s most respected higher education rankings, the Quacquarelli Symonds (QS) 2024...
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Agrometeorology: more precipitation may fall in Transdanubia, but it will hardly rain in many places in Tiszántúl
Showers will irrigate first the southwestern and then the northeastern half of the country, but a larger amount of precipitation is expected only in Transdanubia, while in many places in...
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In alliance with agriculture: MBH Bank responds to the challenges of the market together with professional organizations
MBH Bank has signed a cooperation agreement with the Association of Hungarian Livestock Breeders, the National Association of Grain Growers, the Milk Trade Organization and Product Council, and the FruitVeb...
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Getir pulls out of the US but says FreshDirect will keep operating
The quick-delivery company said it is redirecting its capital to its home market of Turkey, where it generates more than 90% of its revenue and sees the most potential for...
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7-Eleven teams up with Meituan to trial drone delivery
Global convenience store chain 7-Eleven announced that it has partnered with Chinese food delivery platform Meituan to trial drone delivery in Shenzhen, Guangdong. This is the first time the Japanese-owned...
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PepsiCo sells interest in Serbian soft-drinks group Knjaz Miloš
Czech soft-drinks supplier Mattoni 1873 has acquired full control of Knjaz Miloš. Mattoni 1873, the Czech soft-drinks business, has bought sole control of Serbian peer Knjaz Miloš after acquiring PepsiCo’s...
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Animal husbandry has and will continue to play a decisive role in agriculture
The Ministry of Agriculture is committed to helping the sector in the future as well, Hungarian livestock breeders and livestock keepers have the largest number of support titles available in...
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Nébih revealed serious food safety and hygiene deficiencies in a restaurant in the capital
The inspectors of the National Food Chain Safety Office (Nébih) in Budapest experienced hygiene problems posing a serious food safety risk, a II. during an inspection of a restaurant in...
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Euro zone inflation was 2.4 percent in April as well after March
In line with analysts’ expectations, annual inflation in the euro area was 2.4 percent in April after March, according to preliminary data published on Tuesday by Eurostat, the statistical office...
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Gergely Suppan: the recession is clearly over in Hungary
The recession is clearly over in Hungary, from now on the only question is the rate of growth – said the leading economist of the Ministry of National Economy (NGM)...
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K&H: the inflation anomaly is clearly visible, but customers perceive it differently
Although inflation has slowed down a lot, according to the recent results of K&H’s secure future survey, middle-aged people do not really perceive this, as they felt the annual rate...
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The domestic economy grew by 1.1% in the first quarter
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, which is more favorable than our...
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Mihály Varga: the Hungarian economy is back on the growth track
The Hungarian economy returned to the growth path in the first three months of the year, GDP increased by 1.7 percent on an annual basis and by 0.8 percent compared...
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MFB: you can now apply for the interest-free, EU-funded investment loan
From Tuesday, enterprises can apply for the interest-free investment loan from EU sources, up to a maximum value of HUF 100 million – the Hungarian Development Bank (MFB), which runs...
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NGM: the performance of the tourism sector is growing dynamically
The performance of the tourism sector is growing dynamically, the number of guests and guest nights also increased significantly in March – the Ministry of National Economy (NGM) told MTI...
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German retail sales increased in March
Germany’s retail turnover increased more than expected in March compared to the previous month, according to the Tuesday report of the German Federal Statistical Office, Destatis. In March, based on...
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