Company and Personal News
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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New York State Mandates Panic Buttons in Retail Stores, Walmart Opposes Changes
The New York State Senate recently passed a bill that would require major retail chains, including Walmart, to place panic buttons in easily accessible locations in their stores. The bill,...
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Nébih: ALDI recalled dried apricots from the market
Due to the possible presence of sulfur dioxide above the limit value, ALDI Magyarország Élélmiszer Bt. recalled Happy Harvest dried apricots from the market – the National Food Chain Safety...
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MONYO and foodora are back with a joint beer
MONYO Brewing and foodora are starting the summer with a joint beer: for the second time, the two companies have partnered and brewed a unique beer. The drink, named Fun...
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Diesel versus electric truck: ALDI measured the consumption difference
ALDI Hungary has once again expanded its fleet of electric trucks. At the end of 2021, the retail chain was the first in the country to put an electric semi-trailer...
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The competition of crazy vehicles awaits with a big concert by Sub Bass Monster
Red Bull Ládaderbi returns to Budapest after 16 years on Sunday! Those interested can take part in the crazy race of self-propelled, self-tuning cars at the Sub Bass Monster big...
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Pepco, KiK, TEDi and Primark: serious competition is expected
In the Hungarian retail sector, Pepco, which has been present since 2015, has left a significant footprint on the industrial goods and clothing market. It boasts nearly 250 stores and...
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Weerts Logistics Park has reached the highest point of its construction in Ebes
Weerts Logistics Park (WLP), a Belgian-Hungarian-owned logistics investment, has reached its highest point during construction in Ebesen. The project, which strengthens the company’s presence in the Hajdú-Bihar county, is scheduled...
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For one year, Vajda-Papír will supply the institutions of the opportunity-creating children’s programs with hygienic paper products
Vajda-Papír helps thousands of children in need with a donation of enough products for a year through the Hungarian Maltese Charity Service. Hungary’s market-leading manufacturer of hygienic paper products is...
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Excellent workplace practices at the Borsodi Brewery
The Borsodi Brewery also won the Hungarian Business Leaders Forum’s Diverse and Fair Workplace award in the “Excellent rating” category. The purpose of the tender, announced for the first time...
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Expert tips against UV radiation, misconceptions and beliefs
Pigment spots, age-related wrinkles, melanoma – three skin-related aesthetic or serious health problems for which, according to the latest scientific research, 80 percent of the sun’s ultraviolet radiation is responsible....
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Interview with Kinga Daradics, the new CEO of eMAG: Vision and innovations in e-commerce
In an interview with Pénzcentrum, Kinga Daradics, the newly appointed CEO of eMAG, spoke about the challenges facing the company, its future plans and the future of Hungarian e-commerce. In...
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The toy market also spins in summer – this is how families with small children go on vacation
Juggling vacations, support from grandparents and a wide range of camps: the 10-week summer vacation begins, during which 20 percent of the total annual turnover is realized, according to REGIO...
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SPAR builds a sustainable future in the present
An important part of SPAR Hungary’s corporate philosophy is environmental awareness, social responsibility, respect for employees, food safety, and support for health preservation. Along these lines, the company launched forward-looking...
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Shares in Carlsberg plunged after Britvic rejected a takeover bid
Shares in Carlsberg suffered their biggest one-day fall in more than four years after British soft drinks maker Britvic said it had rejected a £3.11bn takeover offer from the Danish...
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