News and articles
KSH: the growth of retail sales continues
Retail sales, calculated on unchanged price increased by 4.3 percent in April, compared to the data of a year before. Seasonally adjusted retail sales – mainly due to the Easter...
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The Ministry of Finance proposes decreasing milk VAT and increasing public health product tax
The Ministry of Finance has submitted its bill on tax changes for next year – Varga Mihály Finance Minister informs. In line with the government’s goal of charging the most...
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Mastercard: mobile payment is becoming more and more popular in Hungary
Mobile payment in Hungary is becoming more and more popular: Hungarian cardholders have been using mobile phones for one-touch payments much more times than in the first five months of...
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Here are the most successful marketers
The Marketing & Media magazine has compiled the top list of most successful home marketers for the third time this year. This year, nearly a quarter of the rankings changed,...
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SPAR is the sponsor of the U18 European Athletics Championships
There is barely a month left until the U18 European Athletics Championship, which starts in Győr on 5 July. The SPAR International has been a major sponsor of European Athletics...
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Leadership change at PwC Magyarország and in the company’s regional management as well
Nick Kós becomes the leader of PwC’s Central and Eastern European (CEE) region of 29 countries from 1 July 2018, who leaves PwC Magyarország’s CEO post after six years. His...
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Hungary continues to expand its agricultural relations with Africa
Research and business cooperation, as well as the existing forms of knowledge transfer can provide a solid foundation for the further development of Hungarian-African agricultural relations – Farkas Sándor, Minister...
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Luxembourg is the richest, Bulgaria is the poorest country in the EU
Although somewhat reduced, there is still a huge difference between the richest and poorest countries in the European Union, between Luxembourg and Bulgaria. In terms of purchasing power parity, the...
Read moreThe Agrokémia Sellye Zrt. will expand its capacity from more than half a billion HUF
The Agrokémia Sellye Zrt. – manufacturer of – plant protection products is expanding its capacity with more than half a billion forints investment – the company informed MTI. According to...
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World’s first plastic-free grocery aisle opens in Amsterdam
Dutch grocery chain Ekoplaza has installed an entirely plastic-free supermarket aisle in its Amsterdam store, to help shoppers cut down on plastic packaging. They realised the project in partnership with British...
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Aldi and Lidl accept the challenge
Aldi and Lidl have reacted to the merger of Sainsbury’s and Asda that caused quite an excitement in British retail. After Sainsbury’s had announced that basic goods would become 10...
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Cash-free payment in Iper hypermarkets in Italy
Italian hypermarket chain Iper launched a cash-free payment service in all 27 stores. The platform is called Jiffy, it can be used via smartphone and requires shoppers to have a...
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Blockchain-based payment system – now in an app, too
British online payment platform Nuggets can now also be used in the form of a mobile app. The ‘Alpha’ app runs only on iOS at the moment. Nuggets utilises blockchain...
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Lidl enters the Serbian market
Lidl Srbija has opened its first logistics centre – built from EUR 55 million – in Nova Pazova. The first Lidl discount supermarket will also open this year and 15...
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Kellogg’s to leave Venezuela
Kellogg’s has decided to quit the Venezuelan market due to the deepening economic recession. Kellogg’s isn’t the first multinational company to take this step, as a strict price freeze policy...
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Tesco UK to ban non-recyclable plastic packaging
Tesco UK has informed suppliers that from 2019 they will only sell products in recyclable plastic packaging. PVC, polystyrene, PLA and water soluble organic plastic packagings will all be banned....
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Spar enters the Maltese market
Spar International has teamed up with the local Azzopardi Group to open its first supermarket in Marsaxlokk. Spar Malta plans to open 3 more shops this year and altogether 23...
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Croatian grocery chain Studenac bought by Polish company
Polish Enterprise Fund VIII has acquired a 100-percent share in grocery store chain Studenac In 2017 Studenac operated 384 stores in Croatia with sales above EUR 200 million. FMCG sales...
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Walmart strengthens positions in India
For USD 16 billion Walmart is going to buy 77 percent of the shares in Indian online shop Flipkart. This is Walmart’s biggest investment abroad so far. They are competing...
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Food delivery market gets livelier in Romania
Several market players have entered the Romanian food delivery market recently. Uber Eats started in mid-May in Bucharest. A week later Spanish application Glovo followed. Back in early March Carrefour...
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Amazon makes a beauty move in Brazil
Amazon has started talks with Brazilian beauty industry giants Grupo Boticario and Natura Cosmeticos SA – the company would like to sell their products on its platform. Sales in the...
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Starbucks’ plans in China
Starbucks has revealed plans of doubling the number of coffeehouses in China and tripling revenues in the next 5 years. By 2022 Starbucks would like to operate 6,600 cafés in China....
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Shopify to open first brick-and-mortar store
Canadian online store Shopify has announced that they will open their first physical store at the end of 2018. This step primarily favours retail companies using the Shopify platform and...
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Alibaba opens first physical store
Alibaba’s first brick-and-mortar store has opened in the city of Hangzhou in China – close to the company’s seat. There are self-service checkouts in the plaza where the company’s own...
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(HU) Az Edenred, a kártyaalapú juttatások hazai szakértője 25 éve áll a vállalkozások szolgálatában
Sorry, this entry is only available in HU....
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Large number of cafeteria benefits expected from Hungarian SMEs
Seven from ten SMEs plan to give their employees some kind of cafeteria benefit and this is a very big increase from the level measured a year ago – revealed...
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Hungarian retail trade maintains momentum
Like-for-like retail sales of food and drug products were up 8.3 percent in the first quarter of 2018 in Hungary. In the same period the average FMCG sales growth was only...
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With modern warehouse technology for serving partners better
2017 was a profitable and successful year for TE-DI Trade Kft. – sales exceeded HUF 9 billion. The most important event last year was increasing the capacity of the manual and automatic...
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Coca-Cola develops in Zalaszentgrót
From a budget of HUF 1.8 billion Coca-Cola Hungary has increased its production capacity in Zalaszentrgrót. They started bottling a new premium product called ‘smart water’ for the markets of several...
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Large companies are starting to get in the investment mood
According to K&H’s corporate growth index, 54 percent of Hungarian companies – non-state-owned firms with annual sales revenue above HUF 2 billion – are planning to realise some kind of...
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