News and articles
Coca-Cola’s good performance in Europe
Date: 2017-09-23 17:06:17
In the first half of 2017 the sales revenue of Coca-Cola European Partners was USD 5.4 billion. Volume sales were up 3 percent and operating profit jumped 14 percent to...
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Henkel’s improving sales
Date: 2017-09-23 17:03:59
In the 2nd quarter of 2017 profits jumped 11 percent for Henkel. Like-for-like sales were up 9.6 percent at EUR 5.1 billion. CEO Hans Van Bylen told: organic growth was 5.2...
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Rio Mare’s manufacturer keeps growing
Date: 2017-09-23 17:01:31
Italian consumer goods manufacturer Bolton Group increased sales by 11.6 percent to EUR 1.96 billion in 2016. The company’s profit grew by 9.9 percent to EUR 210.8 million. International sales...
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Ten times bigger sales in five years for Lidl in Croatia
Date: 2017-09-23 16:59:19
While back in 2007 Lidl’s sales had been EUR 103.5 million, by 2017 this sum grew to EUR 540 million. A FINA analysis has revealed that Lidl was one of...
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Bad weather hits Italian winemakers
Date: 2017-09-23 16:54:27
According to forecasts, 25 percent less wine will be made in Italy this year than last year. 41.1 million hectolitres of new wine will end up in the barrels. The...
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Amazon’s price war with Walmart
Date: 2017-09-23 16:52:03
In June Amazon acquired premium category food retailer Whole Foods. However, this step didn’t result in outperforming Walmart. An analysis by Bloomberg points it out that more than half of...
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Pernod Ricard getting stronger
Date: 2017-09-23 16:49:56
Jameson’s manufacturer Pernod Ricard is forecasted to increase sales by 3.6 percent to more than EUR 9 million in 2017. The company’s organic growth will be 3.3 percent. CEO Alexander...
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Spar’s success in Central Europe
Date: 2017-09-23 16:47:34
Spar opened 4 stores in Poland, in the autumn another 4 shop will start and in September a Eurospar supermarket opened in Kokoszyce. This year Spar appeared with 21 new...
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Metro’s good 3rd quarter
Date: 2017-09-23 16:45:39
German company Metro AG closed the 3rd quarter of 2017 with a 2.6-percent sales growth and a EUR 9.34-billion sales revenue. Member of the board of directors Olaf Koch told: in...
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Auchan’s excellent performance
Date: 2017-09-23 16:43:00
Auchan Retail’s parent company, Auchan Holding realised a record 2.1-percent growth in the first half of 2017 – sales revenue was EUR 26.5 million. Auchan Retail’s growth was also 2.1...
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The first international retail chain in Belarus
Date: 2017-09-23 16:40:51
Spar International has announced that by the end of 2020 they will open 60 stores in Belarus. Spar teams up with local group Almi, which has 43 shops at the...
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Europe’s top retail chains
Date: 2017-09-23 16:37:17
According to data from Euromonitor International, Western Europe’s leading retail chain is the German company Schwarz Group, the owner of Lidl and Kaufland. The survey examined retailers’ market share in...
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Hungary’s retail trade went into turbo mode
Date: 2017-09-23 15:39:21
In the 2nd quarter of 2017 retail value sales jumped 6.4 percent if compared with Q2 2016. This growth rate was much bigger than the 3.7-percent European average growth in...
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We don’t trust mobile payment yet
Date: 2017-09-23 15:35:14
Despite that fact that most smartphones are already equipped with an NFC chip, a representative survey conducted by GKI Economic Research Zrt. in July 2017 revealed that only 25 percent of...
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The domestic market is of key importance for large companies
Date: 2017-09-23 15:34:31
According to Patrick Van Overloop, the head of K&H’s corporate customer business line, domestic demand has always been important for large Hungarian companies (those with annual sales above HUF 2...
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Generation Y would use the mobile wallet
Date: 2017-09-23 15:29:49
According to the latest research by Mastercard on the financial habits of university students (online questionnaire with 1,507 participants), members of Generation Y have close ties with the digital world...
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Biometric bank card use is getting closer
Date: 2017-09-23 15:26:40
After the first test in South Africa, Mastercard tested its biometric bank card in Bulgaria. The new technology combines chip reading with fingerprint identification. In a joint test project with UniCredit Bulbank,...
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SMEs: an investment boom
Date: 2017-09-23 15:25:02
The latest results of the K&H SME confidence survey have revealed that more than 70 percent of industrial and medium-sized companies plan to invest in development. Viktor Zoltán Kovács, the...
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The investment boom will continue
Date: 2017-09-23 15:17:23
In the remaining part of 2017 the rapid investment growth is likely to continue. At the moment it seems that the growth rate of investments will be above 20 percent this...
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Hungarian consumer confidence is higher than ever before since 2009
Date: 2017-09-23 15:13:40
In the 2nd quarter of 2017 the Hungarian consumer confidence index reached 70 points. In Europe this value was 85 points on average – revealed a 63-country study conducted by...
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Hegedűs-Hús expands production plant
Date: 2017-09-23 15:12:45
By investing more than HUF 200 million, Hegedűs-Hús Bt. is expanding its meat plant in Tiszafüred by 500m². HUF 96 million from the project’s budget comes from the government. With this investment 40...
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We need to prepare for getting less EU money
Date: 2017-09-23 15:08:41
It was revealed at a conference organised by HG Media Group that European Union funding was used more efficiently in the 2014-2020 period than between 2007 and 2013. It is noteworthy...
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Central and Eastern Europe’s retail trade is making progress
Date: 2017-09-23 15:08:41
According to a comprehensive, 32-country European retail trade survey by GfK, in 2016 the consumers of the EU-28 countries had EUR 16,153 to spend – nominally 0.7 percent more than...
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Szatmári group buys mill in Szeged
Date: 2017-09-23 15:05:04
In 2016 Szatmári group’s sales revenue was HUF 65 billion, 10 percent more than in the previous year. The group bought a mill in Szeged and invested HUF 1.5-2 billion in...
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More than 10,000 companies didn’t survive the summer
Date: 2017-09-23 15:01:28
In the summer months of 2017 6,720 new companies were established, but the Court of Registration also deleted 10,319 companies. At the end of August there were approximately 487,000 companies...
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Univer’s capacity increasing investment
Date: 2017-09-23 14:58:55
Kecskemét-based Univer Product Zrt. invested HUF 4.3 billion in expanding its production capacity, from which HUF 2.1-billion was non-refundable state support from a programme of the Ministry for National Economy. With the...
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Széchenyi card programme: more than 1,800 billion worth of loans for SMEs
Date: 2017-09-23 14:50:14
In the last 15 years the Széchenyi card programme granted HUF 1,841 billion worth of loans to small and medium-sized enterprises. There were 343,000 loan applications and 258,000 SMEs have already...
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Friesland is already busy making development plans for the next five years
Date: 2017-09-23 14:45:16
FrieslandCampina Hungária Zrt. is making development plans for the next 5-year period in Mátészalka. In the last 4 years production grew by more than 15 percent in the factory. Last year Friesland Hungária...
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Plus four percent for retail in July
Date: 2017-09-23 14:25:40
In July 2017 like-for-like retail volume sales augmented by 4.1 percent; adjusted for calendar effects, the sales growth was the same – reported the Central Statistical Office (KSH). Food and...
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Butter and spread prices increased the most
Date: 2017-09-23 14:18:29
In August 2017 consumer prices were 2.6 percent higher on average than in August 2016. Food prices rose 3.2 percent, with butter and spread prices jumping 12.5 percent. Pork’s price...
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