News and articles
The good news is that there is no bad news
In October the six-month negative trend came to an end in the financial markets. The good news was that there was no bad news – although none of the dangers...
Read moreDemand for Hungarian wine in foreign markets
In the first half of 2015 Hungarian wineries exported 349,000 hectolitres of wine, 5.2 percent more than a year earlier. This represents a EUR 40-million value, which is 9 percent...
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EU restarts payment
After 5 months of debates the European Commission decided to restart payment in the first three priorities of the Economic Development Operative Programme (GOP). Hungary received HUF 210 billion for...
Read moreThe state can win 20 billion, while the chains can lose 40
The state can achieve at least twenty billion HUF tax revenue, if the large supermarket chains would be required to employ vendors to every seventy square meters, regardless of whether...
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The Coop Store Chain is twenty-years-old
The Coop's success is a Hungarian success. The chain could become a dominant player in the Hungarian economy and could effectively picked to compete with the big international chains –...
Read moreA double-digit growth in the online advertising market
The domestic digital advertising market achieved a double-digit growth in the third quarter – the IAB Hungary told MTI. According to IAB Hungary, between early July and late September, the...
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Online Cash Registers may be introduced in the case of other service providers
The government is preparing further steps to fight against the black economy. Such steps will be the launch of the electronic billing system, as well as the introduction of the...
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A fusion in online trade
Two major online dealers, the Romanian eMAG webstore and the Swiss Fashion Days fashion portal – announced their fusion at a press conference in Bucharest on Wednesday. The Fashion Days,...
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Decreased sales at Wal-Mart
Despite a decrease in profit and revenue lagging behind the expectations, the investors are still happy after Wal-Mart's quarterly report was published: the share price increased to 5% plus. The...
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Praktiker is preparing for its 18th Christmas season in Hungary
The Praktiker has expanded its range of artificial pines for this year's Christmas season. The domestic buyers are looking for artificial pines more and more often, because it fits into...
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The Erste Bank has become the Bank of the Year at MasterCard
Erste Bank received MasterCard’s Bank of the Year Grand Prize this year in Hungary. The financial institution at the same time also won the Most Innovative Bank of the Year...
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Illegal alcohol plant in Kecskemét
An illegal alcohol plant was found by the finance guards of the National Tax and Customs Administration (NAV) in Kecskemét. At the illegal alcohol plant almost one hundred thousand liters...
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Eeco-labeled products to be promoted
Tripartite Environment Minister partnership agreement was signed between the Ministry of Agriculture (FM) and the CO-OP Hungary Zrt. and the Environmentally Friendly Products Nonprofit Kft. on Thursday in Budapest. According...
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Spar expansion in Africa
Spar International announced that it opened its first shop in Douala in Cameroun. The 2,500m² unit is operated in cooperation with local partner L’Atrium S.A., a retail chain which has...
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New investor buys Mall.hu
International investment firm Rockaway Capital announced acquiring a 100-percent share in Netretail Holding B.V, owner of the MALL brand. This step makes the company one of the biggest e-commerce enterprises...
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Metro is waiting for the end of the year
Metro is optimistic about the Christmas season. Although the company’s year-on-year sales decreased by 1.1 percent to EUR 14.2 billion, they hope for EUR 1.75-billion net sales at the end...
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Rapid salmonella detection
A US company called BioDetection Instruments is developing a portable device for testing food quality and detecting salmonella infection. The device would primarily be used to test ready-to-go food. Presently...
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Bioenergy from Vajszló
As a result of a HUF 1-billion development project by Ormánsági Zöldenergia Kft., a 637-kilowatt power plant was built in Vajszló. The new plant’s annual production capacity is 4.5 gigawatt...
Read moreIn trade everyone must pay a food safety supervision fee
The food safety supervision fee’s 0 percent band to be ceased, so in the future everyone must pay a food safety supervision fee in trade – due to EU complaints....
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The Nébih to test the Christmas seasonal foods
The National Food Chain Safety Office (Nébih) organizes a series of seasonal inspection before the Christmas holidays. The investigations will affect seasonal products, connected to the Christmas holidays and the...
Read moreNegotiations about the simplification of the Common Agricultural Policy
The EU Agriculture and Fisheries Council negotiated in Brussels about the simplification of the Common Agricultural Policy and about the significant reduction in the relevant legislations. Czerván György Minister of...
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The HELL won the MagyarBrands award this year again
Like last year, the HELL energy drink brand won the MagyarBrands award this year again. The product is a market leader in Hungary for more than five years. The one...
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The eMAG strnghtens with a new marketing manager
Hunyady László is the new marketing manager of eMAG from November. The expert intends to strengthen the role of the online store in Hungary, increasing customer experience. Hunyady László (41)...
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The XIXO received a MagyarBrands recognition again
After 2014, the XIXO won the MagyarBrands recognition again. The manufacturer of the Hungarian premium soft drink is HELL ENERGY Magyarország Kft.. The HELL ENERGY Magyarország Kft. always considered the...
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Dreher Breweries: excellent risk management
The Hungarian Credit Management Association gave the Credit Management Team of the Year award to Dreher Breweries’ receivables and risk management professionals. The recognition is the result of conscious construction:...
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GDP growth slowed in the euro area
The growth rate of gross domestic product (GDP) decreased in the euro area, while in the EU did not change in in the third quarter, compared with the previous three...
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One can apply to the festival of rentable stores by mid-December
The Nyitva! (Open!) festival of the Hungarian Contemporary Architecture Centre (KÉK) will be organized for the second time next spring. The organizers founded the Nyitva! (Open!) festival with the goal...
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The European Waste Reduction Week will be programs in each county
Within the European Waste Reduction Week this year a total of 473 waste-reduction and awareness-raising actions will take place. Programs will be organized in all of the counties – the...
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Lidl plans to enter the Bosnian market
Some sources say Lidl plans to acquire Bingo, a 160-shop grocery retail chain in Bosnia and Herzegovina in 2016. Lidl has already entered the Croatian market and the discount store...
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TNT in Northern Europe
TNT, one of the world’s leading express delivery services in the world, expanded its network in Sweden and Finland. The company also increased its delivery capacity in large business centres....
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