News and articles
European Court of Justice: The protection of private property was damaged during the conversion of the tobacco trade system
Date: 2015-01-13 11:30:52
The Hungarian government has violated the protection granted to private property, when deprived Vékony László tobacconist in Sopron in 2013 from his tobacco seller license – the European Court of...
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The EU Member States can prohibit the cultivation of GMOs at their own discretion from the Spring
Date: 2015-01-13 11:28:02
The new EU legislation adopted by the European Parliament (EP) on Tuesday enters into force in the Spring. The legislation practically allows each Member State to prohibit the cultivation of...
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Global momentum means more women move into management
Date: 2015-01-13 11:20:00
New study shows positive link between female leadership and business performance and urges boost from current 5 percent of women in top positions. While women are still under-represented in top...
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The sugar beet growers received significant supports in 2014
Date: 2015-01-13 11:17:20
The sugar beet growers were given substantial grants in the past year. The Agricultural and Rural Development Authority (MVH) paid 13.7 billion HUF support for them in 2014 – the...
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Tesco closes stores in the Czech Republic
Date: 2015-01-13 11:16:08
The British Tesco supermarket chain closes two large stores in the Czech Republic soon. As the result of the closure of the Supermarkets in Ústí nad Labem and Prague, 102...
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The NoSalty developed a game for Maggie
Date: 2015-01-13 11:15:09
NoSalty’s creative team created a unique application for Maggi called Belevalók name. In addition to fun, the game is designed to collect and learn the food recipes in a playful...
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The big PC brands displace the smaller ones
Date: 2015-01-13 11:14:00
The personal computer (PC) sales in the world market decreased in the fourth quarter of 2014 overall, but the big brands were able to increase their market share at the...
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The interest towards the invoice lottery decreased in Slovakia
Date: 2015-01-13 11:11:13
After the initial high level of interest last year, the interest towards the invoice lottery dropped significantly in Slovakia invoice lottery in 2013, and the new gambling did not live...
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Sole-Mizo Zrt.’s new sales system
Date: 2015-01-13 09:47:05
Sole-Mizo Zrt. is one of the key players in the Hungarian dairy market, a company that never ceases to innovate, to develop a category or production technology. Life at Sole-Mizo...
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Apple, Google and Coca-Cola at the top of the ranking
Date: 2015-01-13 09:37:41
Interbrand published its TOP 100 Global Brand 2014 early November. Apple was ranked the highest with an estimated value of USD 118.9 billion and a 21-percent increase in brand equity....
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More than 9 billion dollars spent on Singles’ Day
Date: 2015-01-13 09:35:48
Chinese e-commerce giant Alibaba reported more than USD 9.3 billion in sales on their 11 November Singles’ Day. Similar to Cyber Monday and Black Friday in the USA, Alibaba’s Singles’...
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21st-century logistics and complex network building
Date: 2015-01-13 08:50:36
Kerekes Kft. has been developing dynamically since its foundation in 1992. Their logistics and freight forwarding services reach every town and village in 6 counties in East Hungary. The Ebes-seated...
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Thirteen Tesco stores to be closed in Hungary
Date: 2015-01-12 12:02:45
The Tesco today announced the closing of thirteen shops in Hungary – the Index wrote. The company in its communication wrote that because of the recent legislative changes the operating...
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The in-store experience remains important for the great majority of people all over the world
Date: 2015-01-12 12:00:02
A survey by CBRE has found that 79% of international consumers still visit a physical store to buy a product, reflecting the key role the store plays in the overall...
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Prime Minister’s Office : the changes in the law do not justify the steps of Tesco
Date: 2015-01-12 11:58:39
According to the Prime Minister's Office, the legislative changes coming in trade do not justify Tesco’s job cuts, and behind the layoffs and store closings the parent company’s economic difficulties...
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The OECD expect stable growth among its member countries
Date: 2015-01-12 11:50:10
Stable economic growth is expected in the next six months in the OECD as a whole and in the euro zone as well, with a slightly weakening momentum in Germany,...
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ProgAdat’s data management system to be dressed in cloud
Date: 2015-01-12 11:41:59
One of the widespread management solution of the of domestic trade, the ProgAdat ProFinance System is operating in a cloud environment as well. The businesses using the ProgAdat ProFinance System...
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Californians can eat foie gras again
Date: 2015-01-12 11:25:15
A Los Angeles federal judge overturned the federal government’s ban on foie gras sales, because it was contrary to the US trade laws. The goose filling will continue to be...
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Organic farming or conventional farming?
Date: 2015-01-12 11:24:17
John Krebs climate expert told at the Oxford Farming Conference on Wednesday 7 January that organic farming might do more damage to the environment due to increased land required and...
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New executive director at the Seed Association
Date: 2015-01-12 11:20:58
From 1 January, Polgár Gábor became the executive director of the Seed Association Interprofessional Organization and Product Council. The specialist replaces dr. Ruthner Szabolcs, who contiues his career in Switzerland...
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Retail sales rose by 0.8 percent in the Czech Republic in November
Date: 2015-01-12 11:15:01
In November retail sales increased by 0.8 percent in the Czech Republic on an annual level – the Czech Statistical Office announced on Monday. Last year, this was the lowest...
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A serious price increase may come in Russia
Date: 2015-01-12 11:10:05
The US Morgan Stanley bank group increased its Russian inflation forecast for this year, from 9 percent to 13.7 percent on Monday. According to the communication of the Russian Statistical...
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A Hungarian and a Russian company are competing for the Serbian fertilizer factory
Date: 2015-01-12 10:45:51
The Hungarian Nitrogénművek Zrt. and the Russian TogliattiAzot are also interested towards the fertilizer factory in Pancevo, which will be sold by the Serbian government until March – the Vecernje...
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SPAR stays in Hungary
Date: 2015-01-12 09:47:39
On 18 November – in the afternoon when the Hungarian parliament gave green light to a new tax package that constitutes a major blow for the Hungarian retail sector –...
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Small cooperative becomes a successful company
Date: 2015-01-12 08:50:34
With its nearly 70-year history, KOP-KA Zrt. is one of the key players in Tolna County’s retail sector. It isn’t a big member of the COOP Group’s but the company...
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Europe’s Day in Commerce: gloom and a few moments of happiness
Date: 2015-01-12 08:44:35
Europe’s Day in Commerce has been organised for the 10th time. The initiative of Brussels-seated EuroCommerce became one of the biggest feasts in the sector in Hungary, organised by the...
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What happens to the excess gifts?
Date: 2015-01-09 11:40:50
In the pre-Christmas period everyone is trying to find the perfect gift for the loved ones, but according to statistics, 38 percent of the Hungarian customers ordered items that did...
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Tesco: Hungarian store closings may start in February
Date: 2015-01-09 11:38:47
From the beginning of February Tesco closes its 13 unprofitable stores in Hungary – the Magyar Nemzet wrote. During the year, other stores may be closed as well. For te...
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State assistance for the Széchenyi Card Program’s credit facilities this year again
Date: 2015-01-09 11:37:22
The businesses can can apply for the credit facilities of the Széchenyi Card Program in 2015 with state assistance. The government has recently renewed the interest support and the guarantee...
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The Hungarian population does not want to change banks
Date: 2015-01-09 11:30:52
The number of bank switches is still low among the domestic population. Three-quarters of the clients has never changed a financial institution in the past 10 years – Budapest Bank’s...
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