Company and Personal News
Shein is facing a difficult time
Shein, one of the leading players in the fast fashion online fashion trade, faces various challenges when planning its IPO. The company, originally founded in China and later moved to...
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Nestlé has recalled glass MAGGI sauces from the market
Due to the presence of unlabeled gluten, the distributor Nestlé Hungária Kft. recalled the MAGGI Zöldfűszeres Bolognai, MAGGI Klasszikus Bolognai and MAGGI Arrabiata glass sauce 500 gram products from the...
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This year’s Persil campaign supports the sport of underprivileged children
The goal of the “Persil for the Children” program is to draw attention to the difficulties of those living in poverty and, with the involvement of civil organizations, to provide...
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From July 1, all watermelons with seeds come to Tesco from domestic producers
The overwhelming victory of the Hungarians is no longer a question, as far as Tesco’s melon range is concerned. The traditional watermelons with seeds available at the supermarket chain from...
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Coca-Cola will be one of the protagonists of the festival season again this year
This summer, Coca-Cola® is also focusing on music, entertainment, and personal relationships. This year, fans can meet the “Musical Summer” program in 30 European countries, at the hottest festivals and...
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The owner of the first Hungarian McDonald’s would turn this business into an international franchise
A community garden model started as a family business will be brought to the European market by former McDonald’s Marketing Board Chairman András Kercsmár, who, channeling his decades of experience,...
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Digital Revolution in rabbit meat production: the innovative project of Tetrabbit and the University of Veterinary Medicine has been successfully concluded
Digitalization is transforming all areas of life. It is now clear to everyone that whether we can enter this new era is a matter of life in animal breeding as...
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HelloParks has become one of the country’s most significant industrial developers with its recently handed over hall
HelloParks hall PT2 in Páty also received the occupancy permit, so in just 4 years the company has become the country’s third most important industrial real estate developer based on...
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TabLog: Innovative Solutions at the Service of Domestic Companies
TabLog is able to satisfy the needs of domestic companies, starting with time registration, internal communication, and even the entry system for construction sites. Thanks to the innovative solutions of...
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AutoWallis has entered the car retail market of another country
The AutoWallis Group also entered the Czech car retail market after successfully closing the acquisition of three BMW dealerships from Stratos Auto. During the transaction, the dominant car trade and...
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The owner of the Kifli.hu brand will receive 170 million dollars in growth capital
The Rohlik international group of companies dealing with online food services, the owner of the domestic Kifli.hu brand, will receive 170 million dollars (160 million euros) in growth capital from...
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The number of employed people was 4 million 749 thousand, the unemployment rate was 4.3 percent
In May 2024, the average number of employed persons aged 15-74 increased by 36,000 compared to the same period of the previous year, to 4,749,000. The number of unemployed people...
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OKSZ: care must be taken with returnable bottles
As of July 1, 2024, metal, plastic, and glass beverage packages sold in stores over 400m2 must be exchanged with the return exchange machines provided by MOHU, with the exception...
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Lidl and WWF have entered into an ambitious international collaboration
Lidl, one of the largest retail companies, and WWF, one of the world’s largest independent conservation organizations, have announced the launch of a new five-year international and strategic partnership spanning...
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From today, you don’t have to pay VAT when you buy own-brand menstrual products in Tesco
From June 27, 2024, Tesco will waive VAT on the prices of all its private label feminine hygiene products. Not only does the company help women reduce their regular extra...
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Amazon has joined the $2 trillion club
Amazon on Wednesday joined the small group of companies with a market value of more than $2 trillion. The e-commerce giant joins Microsoft, Apple, Nvidia and Alphabet, which owns Google,...
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Sweet corn is available for pennies
2024 is clearly the year of weather and market changes in the domestic fruit and vegetable market. By now, customers have gotten used to the fact that the shift in...
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OTP Bank’s New Marketplace, fizz.hu, Attracts 750,000 Customers with its Novel Approaches in E-commerce
OTP Bank’s innovative platform, fizz.hu, has made a successful entry into the e-commerce sector, attracting 750,000 customers since its launch. Under the leadership of András Fischer, OTP’s Director of Innovation,...
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The University of Debrecen and Hell Energy Hungary cooperate
The Faculty of Economics of the University of Debrecen and Hell Energy Magyarország Kft. signed a cooperation agreement on Wednesday at the Böszörményi úti Campus of the University of Debrecen....
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Baker McKenzie: appointment of new partners in the Budapest office
As of July 1, 2024, Baker McKenzie has elected Márton Horányi, the co-head of the competition law practice of the Budapest office, as an international partner, while Dániel Orosz, a...
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K&H: again at the top of the Financial Times ranking
K&H’s Belgian parent bank, the KBC Group, was included in the Financial Times magazine’s Climate Leaders list in 2024. In the last five years, it has reduced its own carbon...
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Yettel forms a new board with a new director
The Directorate of Artificial Intelligence and Data Analysis, headed by the Bulgarian specialist Denitsa Gavrilova, will start operating on July 1. In addition to a reliable and fast mobile network,...
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Change of leadership at the head of Lidl Hungary
Jenő Grósz, the Chairman of the Board of Directors of Lidl Hungary, will be appointed to the position of Regional Director at Lidl’s parent company from September 2024, in which...
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The National Trade Association welcomes the elimination of mandatory promotions from July 1
The National Trade Association welcomes the elimination of mandatory promotions from July 1. In cooperation with the government, retailers also tried to make an effective contribution to curbing inflation, consumers...
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McDonald’s didn’t lose the BIG MAC trademark after all
In recent weeks, the news that “McDonald’s has lost the BIG MAC trademark” went around the world. The reality is that the European Union Intellectual Property Office (EUIPO) has declared...
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A record amount of support for children in need to catch up
More than 50 million forints were collected from donation coupons sold in Tesco stores to support the Ecumenical Aid organization’s year-round Kapaszkodó program. The customers of the supermarket chain thus...
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Wizz Air has already responded to the investigation launched into the delay
As we wrote about, the Budapest government office announced that it had launched an official audit against the airlines Ryanair, Wizz Air, SunExpress and Eurowings, after they experienced several significant...
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The Tesco Angel Foundation is 5 years old: HUF 116.2 million donation to colleagues in a crisis situation
The Tesco Angel Foundation was established five years ago, which provides social assistance to employees in difficult situations from colleagues’ contributions, which Tesco doubles in all cases. Since 2019, more...
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FedEx reported better-than-expected quarterly revenue and adjusted profit
American FedEx Corp., one of the world’s largest transportation and logistics companies, reported quarterly adjusted profit and revenue that exceeded market expectations after trading on the New York Stock Exchange...
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