News and articles
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...
Read more
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)...
Read more
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...
Read more
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...
Read more
Mother’s Day gifts on sale from Tesco
In Hungary, we celebrate Mother’s Day on May 5 this year. On this day, we thank our mothers and grandmothers for everything they have done for us. Of course, the...
Read more
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...
Read more
You can save time and money with SPAR convenience products
More than 60 types of SPAR enjoy. convenience products await you in the range of SPAR and INTERSPAR stores, including the popular French salad with mayonnaise, the apple and cheese...
Read more
The taxed profit of Kometa’99 increased last year
The net sales of the majority-owned Italian Kometa’99 Zrt. last year increased by 21.2 percent to HUF 93.569 billion, and its profit after tax increased by 153 percent to HUF...
Read more
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...
Read more
Coca-Cola exceeded expectations
Coca-Cola has surpassed quarterly expectations largely due to increased consumer demand for Fanta and Fairlife products, leading to a revised annual organic revenue forecast. The company reported a per-share earnings...
Read more
KSH: the number of guest nights increased by 25 and the number of guests by 30 percent compared to March 2023
The number of guest nights increased by 25 percent and that of guests by 30 percent compared to March 2023 in tourist accommodations, the Central Statistics Office (KSH) told MTI...
Read more
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...
Read more
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...
Read more
KSH: industrial producer prices decreased by 3.0 percent in March 2024 compared to a year earlier
In March 2024, industrial producer prices decreased by 3.0 percent compared to a year earlier, and were essentially unchanged (+0.1 percent) compared to the previous month, the Central Statistical Office...
Read more
Burger King is allocating $300 million to modernize its restaurants
Burger King and its parent company, Restaurant Brands International, announced an additional investment of $300 million to continue modernizing its U.S. restaurants. This is part of a broader $2 billion...
Read more
Márton Nagy: the future belongs to medical tourism and health tourism
There is great potential in Hévíz, not only because of tourism, which accounts for a tenth of the country’s GDP, but also because the future belongs to medical tourism and...
Read more
The Hungarian government, Yettel Magyarország Zrt. and CETIN Hungary Zrt. have concluded a cooperation agreement.
Cooperation for the development of digitalization in Hungary was confirmed in a joint statement by the government, Yettel Magyarország Zrt. and the telecommunications infrastructure provider CETIN Hungary Zrt. According to...
Read more
Mol Vagyonkezelő Kft. and Trevelin Holding Zrt. acquired 15 percent of Waberer’s
Mol Vagyonkezelő Kft., owned by Trevelin Holding and Mol, bought a 15 percent package of shares in Waberer’s International Nyrt., Waberer’s announced on the stock exchange’s website on Monday. They...
Read more
You need to know this about vitamins
Recent studies suggest that the effectiveness of dietary supplements can be enhanced by considering the ideal time of consumption. Experts recommend taking vitamin C in the morning to avoid sleep...
Read more
AutoWallis appoints a vice president of international business development to support regional expansion
The AutoWallis Group is further increasing its regional expansion after appointing Andrew Prest, who until now was the head of the Wholesale Business Division, as its vice president responsible for...
Read more
There are many old people and few women in domestic agriculture
A third of agricultural managers are already 65 years old or older, and only 3 out of 10 are women. The age group is getting older, and the gender ratio...
Read more
Edeka builds a recyclable supermarket
Germany’s leading supermarket chain Edeka is building a new store in Braunschweig using the sustainable “Triqbriq wood construction system”. This is the first time this system has been used in...
Read more
NRF: Mother’s Day spending estimated to reach $33.5 billion
According to new survey data from the National Retail Federation (NRF) and Prosper insights & Analytics, consumers are expected to spend $33.5 billion on the holiday, which falls on May...
Read more
Beekeeping is one of the most important branches of agriculture
Honey can be imported, but pollination cannot, which is why it is necessary to support the activities of beekeepers by all means and stop the flow of artificial honey from...
Read more
Mondelēz seeks to work with tech startups focused on ingredients, packaging and sustainability
The snacking giant said the companies it partners with as part of its incubator program will provide early access to new capabilities to develop breakthrough products and platforms. Mondelēz International’s...
Read more
More than 60 percent of the planned sowing work has already been completed
According to operational reports assessing the state of agricultural work, the planned sowing area for spring-sown field crops in 2024 will be around 1.9 million hectares. Farmers completed 63.7 percent...
Read more
Reacty Digital research: Shrinking products, growing information
In Hungary, starting from March 1, 2024, larger food retailers will be required to provide attention-grabbing information to customers if the packaging of the prepackaged products they offer has decreased...
Read more
Chocolate brands are still standing
Last year high inflation and rising raw materials prices, especially for cocoa and sugar, affected the chocolate category and forced manufacturers to take steps: almost every market player increased prices....
Read more
Challenges ahead in 2024 for the Hungarian food industry
2024 is shaping up to be another challenging year for Hungary’s food industry, according to András Benkő, Director of Commerce and Marketing at Kaiser Food. He noted that low consumer...
Read more
Spar closed last year with a turnover of over one thousand billion forints
Spar Hungary achieved a turnover of HUF 1,023.2 billion last year, which represents an increase of almost 16 percent compared to 2022. The company opened five new stores and modernized...
Read more