Company and Personal News
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...
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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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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...
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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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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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....
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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...
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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...
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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...
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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...
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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...
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GKI article in the EU: 20 years of change
Are we falling behind the Visegrád countries, or are we on the way? Has Romania really overtaken us? On May 1, we will celebrate the 20th anniversary of our accession...
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Exotic meat market in Hungary: we also sell kangaroo meat and crocodile tail
In Hungary, interest in exotic meats is on the rise, available at high prices and under special conditions. With the barbecue season approaching, it’s useful to explore the options for...
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They can spice up grilling!
The careful choice of dressings, sauces and seasonings is a key factor in the success of a barbecue. Last year’s record inflation set back volume sales in all categories, but...
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The companies expect only moderate expansion
The weakness of the domestic and German economies is also reflected in the business mood of the member companies of the German-Hungarian Chamber of Industry and Commerce (DUIHK). According to...
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The expansion of strawberry fields and pricing in Hungary
In Hungary, the cultivated area for strawberries has seen a notable increase in recent years, growing from 550 hectares in 2020 to an officially recorded 656 hectares today. Including smaller...
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A radical change can be observed in savings
Other winds are blowing in the investment markets: the period of double-digit returns is over, but according to K&H experts, real returns above the slowed inflation can still be achieved....
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Fütyülős Tutti Frutti
As the most colourful period of the year is approaching, it brings one of the most exciting Fütyülős innovations with itself, Fütyülős Tutti Frutti. Contact: Zwack Unicum Nyrt. Kitti Nagy-Szalay; e-mail: szalay@zwackunicum.hu; web: www.futyulos.com...
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Domestic gardeners are not threatened by imported plants
Flowers and ornamental plants are indispensable accessories for the spring splendor of balconies and terraces. In the past, geraniums ruled this world, but today those who are thinking about beautifying...
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BDO: Restructuring of struggling businesses is more effective
Viable businesses but struggling with payment difficulties have been able to start a restructuring procedure in Hungary for almost two years now, since July 2022, however, despite the fact that,...
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