News and articles

Coca-Cola’s good performance in Europe

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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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