Company and Personal News
Unilever’s successful new products
Unilever will put many new products on the market in 2018, in order to increase sales, because the prices of some of the oldest brands such as Hellmann’s mayonnaise are...
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Lidl is conquering Italy
Lidl opened their 600th discount supermarket in Italy, in the city of Palermo. The retailer invested EUR 10 million in building the new 1,400m² store. Only environmentally friendly building materials...
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Agrokor closes shops – perhaps for good
Agrokor – one of Croatia’s biggest retail conglomerates – closed two flagship stores in Croatia and plan to quit the market of Bosnia and Herzegovina. In the last 6 months...
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Spar targets billion-euro sales
Spar France announced that they will increase the number of shops from 860 to 1,000 by the end of 2019. The company hopes to improve the currently EUR 890-million sales performance...
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X5 expanding at breakneck speed
Russia’s biggest retail chain X5 continues the dynamic expansion in 2018. Back in 2017 X5’s sales soared by 25.5 percent and they added 2,934 new shops to their portfolio. CEO...
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Mega Image keeps growing in Romania
Romanian retail chain Mega Image opened 50 new shops in 2017 and will continue their expansion in 2018. CEO Vassilis Stavrou stressed that Mega Image will invest EUR 50 million...
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Bacardi’s big step forward in the tequila market
Bacardi entered the rapidly growing tequila market: for USD 5.1 billion they bought Patrón Spirits International. This is a big step forward in the global market for Bacardi, creating a...
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Good start of the year for Metro
In the first quarter of the 2017-2018 fiscal year Metro AG increased sales by 0.8 percent, with revenues at EUR 10.1 billion. Member of the board of directors Olaf Kock told: they...
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Mastercard appoints Hungarian regional director
From 1 January 2018 Frigyes Romvári is the regional customer relationship director of Mastercard. His main task is supporting the regional relationship between the payment technology company and OTP bank. OTP Bank...
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Tejsüti dipped in chocolate
Th e Pöttyös product line welcomes a new addition: MEGaCSOKI is basically dairy snack Tejsüti dipped in chocolate. Pöttyös’ senior brand manager Andrea Szabó told that the new product is already available in shops all over...
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New Hungarian innovation to ease the problem of workforce shortage in retail
Laurel Számítástechnikai Kft. developed the first Hungarian self-service checkout system for grocery stores, which can help to ease the problem of workforce shortage in retail. Stores can set up 3-4 self-service checkouts...
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New key account manager at GA FOOD
As of 1 February 2018 Levente Matyasovszky is the key account manager of GA FOOD. His task will be managing relations with international partners. In the past Mr Mattyasovszky used to work...
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From next spring we can even pay with a selfie
From April 2019 Mastercard makes biometric authentication available to shoppers in Hungary too. A joint study by the University of Oxford and Mastercard has found that the majority of shoppers prefer...
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COOP wins sustainability award
At the end of October it was announced at the Word Sustainability Congress event in Dubai that retail chain COOP was rewarded with the Global Sustainability Leadership Award. //...
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Food saving programme is already running in 139 Tesco stores
Last year Tesco donated more than 6,700 tons of food to the Hungarian Food Bank Association. Tesco’s goal is not to waste a single bite of food in their shops. Since 2014...
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Magyarvíz sales grow faster than the market average
While like-for-like mineral water sales augmented by 3.8 percent in the Hungarian market in the first 10 months of 2017, in the same period sales by Magyarvíz Kft. – their brands...
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A poultry slaughterhouse was opened in Tata
A half automated slaughterhouse for the processing of 24 thousand poultry per day was opened by the Horváth Agrofarm in Tata, with an investment of 110 million forints – the...
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BeeRides: car sharing can be money-saving and money-making sources as well
The Hungarian established community car sharing startup continues to expand with foreign capital involvement. During a trip to abroad, a large proportion of cars are out of stock. The Hungarian-based...
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Henkel achieves new highs in sales and earnings
Sales increase to 20,029 million euros, first time above 20 bn euros: nominal growth +7.0%, organic growth +3.1% EBIT margin* reaches new high: +40 basis points to 17.3% Earnings per...
Read moreTesco’s customers can decide on the tenders
Once again, the Hungarian Donor Forum (MAF) will assist Tesco for the fourth time in the “We Choose, We Will Help” community program. In the program, each organization that will...
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The MVM Partner Zrt. and the Reál Hungária Kft. established an electric filling station node
The MVM Partner Zrt. and the Reál Hungária Kft. established an electric filling station node – a so called HUB – at the Kondorosi Street site of the chain in...
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Test cuts can start in the fall in the waterbird slaughterhouse in Mélykút
In the autumn, test cuttings can be started at the waterbird slaughterhouse of the Hunent Víziszárnyas Feldolgozó Zrt. (Hunent Waterfowl Processing Zrt.). The investment was implemented from about 12.6 billion...
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New Zealand’s super-dairy
From the branded dairy products of the a2 Milk New Zealand company, already twice as more is consumed than the own-branded products of the chain of stores. The company’s value...
Read moreIkea’s revenue increased by 14 percent
Ikea’s revenue grew to 61 billion forints in the fiscal year ended September last year, which is 14 percent higher than in the previous year – the Swedish-owned chain announced...
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The products of the Tihany Selection and Karaván brands are available in a new packaging
Product photos have become more accentuated than ever before, and thanks to the new colors the packagings of the Tihany Selection (Tihany Válogatás) and Karaván cheeses provide a clearer picture....
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The Rubin Kft. develops paprika grist from over 100 million HUF
The Rubin Szegedi Fűszerpaprika Feldolgozó Kft. has announced that it will produce a stable red pepper powder from more than 100 million HUF. About 78 million HUF is non-reimbursable EU...
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136 billion USD in sales at Wal-Mart
Wal-Mart had a weaker performance than expected in the fourth quarter of its fiscal year ended at the end of January – portfolio.hu wrote. Profit from the period lagged behind...
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The plant of HELL in Szikszó to be expanded with a unique filling line
On 22 January, the HELL ENERGY Magyarország Kft. started the installation of its newest metal box filling line. With the investment totaled at 5 billion HUF, domestic energy brand –...
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The Hőgyészi Agrokémiai Kft. plans a huge growth
This year, the Hőgyészi Agrokémiai Kft., which mainly sells agrochemicals and seeds, plans to increase this year’s sales revenue significantly. Last year the revenue growth was about 10 percent. The...
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A mushroom growing plant is under construction in Tiszapüspöki
A mushroom growing plant is under construction in Tiszapüspöki, Jász-Nagykun-Szolnok County, from about 1 billion 800 million HUF. The government supports the construction of the plant with 500 million HUF....
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