News and articles
Henkel’s record breaking 2017 fiscal year
Henkel realised record breaking EUR 20.029-billion sales revenue in the 2017 fiscal year. The company’s organic sales growth was a strong 3.1 percent in this period. Henkel’s adjusted operating profit...
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FrieslandCampina acquires its Chinese affiliate
Dutch dairy company FrieslandCampina has announced acquiring a 100-percent share in its Chinese affiliate Friesland Huishan Dairy (FHD). FHD was established in April 2015 and manufactures and sells infant formula...
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Metro AG reports growth for the first quarter
German company Metro AG has announced that sales were up 0.2 percent in the 1st quarter at EUR 10.1 billion; like-for-like sales increased by 0.8 percent. Earnings before interest, taxes,...
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Nestlé buys majority stake in Terrafertil
Swiss company Nestlé has announced acquiring a majority share in Ecuador-based health foods company Terrafertil, which has a large portfolio that includes the Nature’s Heart brand. Then founders will continue...
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Spar Austria keeps expanding
Austrian FMCG retailer SPAR realised gross EUR 14.64-billion sales revenue in 2017, 6.5 percent more than in 2016. The growth was driven by expanding existing shops and acquiring 40 Billa...
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Lidl to invest 200 million euros in Ireland
Lidl is going to invest EUR 200 million in Ireland in the months to come. One of the development projects is building a new distribution centre in Newbridge from EUR...
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Maxi wins My Choice Award in Serbia
The programme of the Serbian tourism organisation and the country’s Chamber of Commerce and Industry rewards those who do the most for domestic products and brands. More than 1,900 consumers...
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Unilever completed buying Quala’s care division
With this move – which was announced in May 2017 – Unilever acquired leading South American brands such as Savital, eGo, Bio-Expert, Fortident and Aromatel. Unilever CEO Paul Polman told:...
Read moreKSH: the rise in agricultural producer prices continued to slow in January
In January, agricultural producer prices rose 2.1 percent, compared to the previous year, due to a 2.6 percent increase in plant products prices and the 1.4 percent increase in the...
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Nielsen: the market of own-branded products has gained a new impetus
The Hungarian consumers purchase commercial brands from pet foods and kitchen towels. The market of commercial brands has gained a new impetus in term of the sales of global retail...
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Meat Association: the performance of the meat industry decreased by 2.9 percent last year
The performance of the meat industry dropped by 2.9 percent in 2017. The economic impact of the poultry flu played a decisive role in the downturn – Éder Tamás, Social...
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The MNKH and the National Center for Agricultural Research and Innovation signed a cooperation agreement
The Hungarian National Trading House (MNKH) and the National Center for Agricultural Research and Innovation signed a cooperation agreement in Budapest on Tuesday, aiming to make the MNKH internationally known...
Read moreDeloitte: optimism characterizes the largest companies in the region
The financial executives of the Central European companies are more optimistic about their business prospects than at any time in the past three years, and the main reason for the...
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Thirty percent more loans were granted by the Takarék Group last year
A total of 410 billion forints new loans were released last year by the Takarék Group, almost 90 billion forints and 30 percent more than in 2016. According to the...
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Fidelity: corporate confidence at record heights
The confidence index of the world’s largest companies for this year reached heights has not seen for five years – according to Fidelity International’s latest survey. Despite the increase in...
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FAO: Conflicts and weather patterns strain food security
High levels of food insecurity persist in the world, due largely to conflicts and to adverse climatic shocks that are taking a toll, particularly in East African and Near East...
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Retail trade turnover declined in December in the euro area
Retail sales declined slightly, a bit higher than expected in December compared to the previous month in the euro area. The European Union’s Statistical Office (Eurostat) announced on Monday that...
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Hungarian online retail’s value exceeds 1.2 billion euros
While sales increased by 6 percent in traditional retail, online retail sales soared by 18 percent in Hungary last year, passing the HUF 360-billion threshold. From total sales the share of...
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Alza focuses on fast delivery and a large selection of products
Czech company Alza.cz is a trendsetter and market leader in the domain of e-commerce. This is indicated by not only their record net sales of EUR 820 million last year, but...
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Mall Group is the No.1 online retailer in the region
Internet Mall Hungary Kft. operates one of Hungary’s biggest online shops, Mall.hu. Its parent company the Mall Group also has online shops in Poland, Slovakia, Slovenia and Croatia, with a state-of-the-art 55,000m²...
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More than a quarter of Hungarians would use the new payment technology
According to a recent survey by Mastercard, one quarter of Europeans and 27 percent of Hungarians would like to pay with a smart watch, bracelet, keychain or other wearable smart...
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Waterfowl processing plant in Mélykút to be expanded
This autumn production will start at Hunent Víziszárnyas Feldolgozó Zrt.’s new waterfowl processing plant, which is being built from HUF 12.6 billion. The government financed the project with HUF 4.4 billion. About...
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Rubin spends more than 100 million on development
Rubin Szegedi Fűszerpaprika Feldolgozó Kft. invests more than HUF 100 million in its new ground paprika, from which HUF 78 million is EU funding. Last year the company also sold 1,900 litres...
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Twenty million euro investment in Orosháza
A new furnace is being built from EUR 20 million in the Orosháza glass jar and bottle factory of O-I Manufacturing Magyarország Üvegipari Kft. The project will be completed by early...
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Zalaco creates 150 new jobs
Baking company Zalaco Sütőipari Zrt. has received HUF 836-million non-refundable financial support for their HUF 4-billion development budget, from which they are going to triple their production capacity. The company will build...
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Solar farm to be built on agricultural land
Two 50-hectare areas will be added to the territory of the Hódmezővásárhely industrial park, where agricultural machinery production and food industry enterprises are welcome. A solar farm is going to be...
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Biotechnology from Denmark in Pécs
Denmark-based biotechnology company Foss establishes a research and development centre in Pécs from a budget of HUF 2 billion. In the 2,000m² building 88 highly qualified people will work. Foss’ method is...
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NAK’s Food processing department wants further VAT cuts
József Losó is the head of NAK’s Food processing department, the most important goals of which are to analyse the Hungarian trademark situation and to continue reducing the VAT on...
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NAK launches campaign to promote beef consumption
Balázs Győrffy, president of the Hungarian Chamber of Agriculture (NAK) told at the campaign launch press conference: Hungarians eat 2-2.5kg of beef a year, which is only one third of...
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The output of Hungary’s horticulture sector can be doubled
Hungary’s horticulture sector produces in the value of HUF 400 billion a year. This sum can be doubled with modernisation, simplifying rules and strengthening marketing work – it was said at the first...
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