News and articles
Magazine: Fierce competition between banks
The switch to digital processes in customer management is continuous in Hungarian banks. This creates great challenges for them. András Fischer, OTP Bank’s head of innovation – retail banking told our...
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New Milli and Pöttyös products
FrieslandCampina Hungária ZRt. came out with two new innovations: chestnut Pöttyös Túró Rudi and Milli Fitt cottage cheese cream with 30 percent lower sugar content, available in three flavours.Marketing director Dániel...
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Lavazza Buys Mars Coffee Units
Lavazza is broadening its operations in office coffee makers and vending machines with the acquisition, which was first reported by Bloomberg News. The transaction values the business at about $650...
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Bread Alliance: the baking industry sells white and half-brown bread below real prices
The bakeries sell their three products, the white, the half-brown bread, as well as water- roll below real prices Septe József, President of the Hungarian Baker’s Association tolMTI on Tuesday....
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KSH: export and import showed a double-digit growth
In July, exports in euro were 11.4 percent higher than in the previous year and imports increased by 10.8 percent. Foreign trade surplus was 362 million euros, 80 million euros...
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The U and U Ltd. expanded its plant in Rétság
The U és U Kft. (member of Urbán Group) expanded its capacity with a new manufacturing and packaging technology. photo: nogradhont.hu The Economic Development and Innovation Operational Program (GINOP) provided...
Read moreITM: 40,000 people swiched from public employment to the competitive sphere this year
In Hungary this year, 40,000 people switched from public employment to the competitive sector and 30 to 50,000 from the current 110 to 120 thousand can go to the primary...
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Nébih: only a fraction of the notifications in the EU alert system concerned Hungarian products
The National Food Chain Safety Office (Nébih) published on its website, referring to the annual summaries of the European Commission that only 0.7 percent of the almost four thousand notifications...
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Poli-Farbe can market its wall paint suitable for heating in the coming autumn
The Poli-Farbe Vegyipari Kft. (Poli-Farbe Chemical Ltd.) will start to sell paint suitable for heating next autumn – Szabó Antal, managing director of the company told on Tuesday in Budapest...
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Lidl’s parent company establishes a waste management company
In the future, the parent company of the discount chain Lidl wants to operate its own waste disposal. The parent company of the discount chain Lidl, the Schwarz Group, was...
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Producer prices in the euro area have risen more than expected
The EU’s Statistical Office the Eurostat announced on Tuesday that producer prices in August increased by 0.3 percent in the 19 member states of the euro area, compared to the...
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MNB: Október 31-ig lehet fizetni a régi 1000 forintos bankjegyekkel
Már csak egy hónapig, október 31-ig lehet használni a készpénzes vásárlásoknál a régi – 2017 előtt kibocsátott – 1000 forintos bankjegyeket, mert október végén a Magyar Nemzeti Bank (MNB) bevonja...
Read moreUS consumer sentiment improved in September
The mood of US consumers has improved significantly in September, according to the regular monthly survey of the Michigan University. The consumer sentiment index increased to 100.1 points from the...
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Promising digitalisation level of Hungarian SMEs with a high business potential
According to the results of UniCredit Bank and Inspira Research’s Business Potential study, Hungarian SMEs with a high business potential are of the opinion that only new technology-based solutions qualify...
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Consumer prices grew by 3.4 percent in August too
In August 2018 consumer prices were 3.4 percent higher on average than a year before, just like July. In comparison with August 2017, food prices increased by 4.1 percent. Egg’s...
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More expensive cereal crops
In July 2018 agricultural production prices grew by 1.2 percent from the level of July 2017 – reported the Central Statistical Offi ce (KSH). This increase was the result of...
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Retail sales up more than 5 percent
In July 2018 like-for-like retail volume sales augmented by 5.4 percent; adjusted for calendar effects, the sales growth was 5.3 percent – reported the Central Statistical Office (KSH). Food and...
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It is key to reward skilled workers and professionals
The latest Cofidis Loan Monitor survey has revealed that it is difficult for Hungarians to find specialist doctors (84 percent), electricians (82 percent), painters (80 percent) and home appliance repairers...
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Faster growth than expected, but it is losing speed
In the 2nd quarter of 2018 the Hungarian economy grew faster than expected – and faster than most EU member states – but if calculated with the EU methodology, the...
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One word is enough
On 6 September members of the Trade Marketing Club gathered to listen to presentations about unusual promotion campaigns, special product displaying ideas and new-type communication strategies. Each strategy presented started...
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The shopping centre of the near future
International shopping centre Westfield has presented its vision about the store of the future with the title Destination 2028. In Westfield’s concept the relationship between people and nature dominates. The...
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Our waste, our responsibility
Bottletop on Regent Street in London is the first zero-waste shop in the world. The interior is fully 3D-printed, using materials from 60,000 PET bottles, 75 car tyres and 3,500...
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Innovation focuses on food-to-go
Food-to-go services are one of the top trends in the domain of retail innovations. Offline retail trade can use not only digital solutions to keep customers, but also various services...
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FMCG sales are growing dynamically online too – 15th E-commerce Conference, 5-6 June 2018, Visegrád (Part 3)
On the second day of Ecommerce Hungary’s conference the FMCG sector was analysed at a roundtable discussion, which was moderated by Zsuzsanna Hermann, our magazine’s editor-in-chief. She pointed it out...
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New poppy seed production plant in Tiszavasvári
Sotiva Seed Kft.’s poppy seed cleaning plant in Tiszavasvári was built from HUF 170 million. Managing director Gyula Sotkó told: in the future they would like to do all stages...
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Why should both manufacturers and wholesalers enter the website of the year competition?
In this year’s website of the year competition there are individual categories for trade companies – called e-commerce and trade – and manufacturers – named B2B and brand site. Participation...
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Can an e-commerce association be the solution in competing with giants such as Amazon?
One of the reasons why Central Europe is a popular cross-border e-commerce target is that giants such as Amazon or Alibaba aren’t expanding in the region yet. This situation is...
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Once again Extreme Digital has the No.1 spot on the e-top list
GKI Digital published the ranking of Hungary’s 10 biggest online retailers for the fourth time this year. In 2017 the 10 companies featured in the list made up for 37...
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Those who buy Hungarian onion help our farmer
In the spring of 2017 NAK set up an onion working group with the aim of making the Hungarian onion sector more competitive. NAK organises talks between farmers and retailers,...
Read moreTesco launches part time job scheme
Tesco’s ‘Fixed to be fix’ part time job programme offers flexible conditions to those who like their work time calculable. They can ask for 5 hours per week or only...
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