Company and Personal News
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
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
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
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
Slower Growth at Hell Energy, but stable export and strengthening EBITDA
Hell Energy Magyarország Kft. has reported a revenue increase for 2023, though the growth rate has slowed considerably compared to previous years. Revenue rose from 150 billion HUF in 2022...
Read more
PENNY and Munch’s food rescue initiative is a success
Since February 2024, Munch surprise packages have been available in PENNY stores across Hungary, saving over 70,000 food packages from waste, nearly doubling the results of the collaboration over the...
Read more
Product sizes are not always reduced due to inflation
In recent years, customers may have noticed something about some of their favorite products, like Pampers diapers or Always feminine hygiene products: they’ve gotten smaller. However, this reduction in size...
Read more
K&H: they evaluated the transparent climate strategy
K&H’s Belgian parent bank, the KBC Group, has once again received an “A” rating from the non-profit organization CDP (Carbon Disclosure Project), which annually surveys companies’ climate change efforts. CDP...
Read more
Diagon was among the first to introduce SAP cloud-based solutions in Hungary
Although many companies still treat system-level cloud solutions cautiously, Diagon Kft., which deals with the production and distribution of laboratory diagnostic reagents, was one of the first in Hungary to...
Read more
BH AgrárTrend Index: the outlook for the Hungarian food industry has stabilized
The assessment of the situation of the actors of the Hungarian food industry has stabilized, which is more favorable than before in the first three months of 2024, according to...
Read more
We can drink from these RevoCups this year
More than 400 works were submitted to the VÍZió graphics competition, which was announced on the occasion of World Water Day by Hungary’s number one reusable cup system, CupRevolution. The...
Read more
We mostly stock up on sandwich ingredients
Baked goods, cold meats, ham, salami and some kind of spread – these types of food are found in most households based on a recent KOMETA survey. You can say...
Read more
Eisberg’s campaign to encourage healthy eating has started
We should consume at least five servings of vegetables or fruits per day to preserve our health, based on the recommendation of the National Association of Hungarian Dietitians, but we...
Read more
PENNY opened a store in the heart of Budapest
PENNY opened its twenty-ninth Budapest store in one of the busiest spots in the city center, in the immediate vicinity of the Nyugati Pályaudvar. With its modern appearance and high-quality...
Read more
Lidl is going through a huge investment
Lidl has announced that it has opened its newest and largest logistics and distribution center in Croatia in Kriz, near Zagreb. The new center is the result of a significant...
Read more
CAFE FREI developed ALDI’s new own-brand coffees
ALDI Hungary further expanded its cooperation and product development with CAFE FREI. The result: two own-brand coffees, the flavors of which are inspired by the supermarket chain’s iconic products. BARISSIMO...
Read more
These are the opening hours of PENNY stores in the first week of May
On Wednesday, May 1, all 233 PENNY stores in Hungary will be closed. That is why the company advises its customers to plan their larger purchases in advance. As the...
Read more
Revolut does not change card transfers
Revolut has decided not to introduce a planned base fee of 20 euro cents (approximately 80 Hungarian forints) for instant card transfers starting April 27. Instead, the online bank informed...
Read more
Eger launches a gastronomic tour campaign, focusing on the Eger Star
Eger is worth a visit not only for the interesting attractions, programs, historical atmosphere, downtown thermal spa or natural environment, but also for its colorful gastronomy. This year, from May...
Read more
Absolute Live: a trendsetter among Hungarian sports drinks for 16 years
Absolute Live, produced by R-Water in Akasztó, has been a key player in the functional sports drinks market since 2008. Every year the Hungarian family business manufactures about 2.5 million...
Read more
A unique application based on objective indicators is launched: the HBLF Diverse and Fair Workplace recognition application period has opened
The recognition of the Diverse and Fair Workplace can be earned by those companies operating in this country that in practice contribute to the creation of an inclusive corporate culture...
Read more
Rossmann is expanding with more than 200 stores
This year, the Rossmann drugstore chain will spend hundreds of millions of euros on expanding and modernizing its store network, based on the company’s announcement on Thursday. With an investment...
Read more
Primark is preparing for a major innovation
Primark, the international fashion department store, will open its first store in Hungary on May 28, 2024. The opening of Primark’s new store is an exciting step for the Hungarian...
Read more
The quarterly revenue of luxury goods manufacturer Hermés increased by 17 percent
In the first quarter of this year, the revenue of the French luxury goods manufacturer Hermés increased more than expected by analysts in a year-on-year comparison. According to the data...
Read more
Magyar Posta dissociates itself from the responsibility of checking the contents of “spoofed packages”
Magyar Posta distances itself from responsibility for checking the content of “counterfeit packages”, the company told MTI on Thursday. It was pointed out that Magyar Posta Zrt. is not an...
Read more
Hungarian researcher develops stem cell activating food supplement
The fight against aging is not a new endeavor in human history, but thanks to modern scientific research and innovations, we now have many more tools at our disposal to...
Read more
In 2023, SPAR realized a turnover of over HUF 1 billion
SPAR Hungary achieved a turnover of HUF 1,023.2 billion in 2023, which represents an increase of 15.79% compared to the previous year. The company opened five new stores and modernized...
Read more
Primark’s first domestic store will open in a month
Primark will open its doors at 10 a.m. on May 28 in Budapest’s Aréna Mall, the international fashion department store chain announced. The 3,100-square-meter store will offer women’s, men’s, and...
Read more
Heineken achieved strong volume growth in the first quarter
Heineken, the world’s second largest beer producer, achieved a 4.7% increase in organic beer volume in the first quarter, significantly exceeding analysts’ expectations. The year-on-year volume growth is an encouraging...
Read more