News and articles
The Hungarian Hotels and Restaurants Association has announced the winners of the Hotel of the Year 2024 competition!
The Hungarian Hotel and Restaurant Association launched the prestigious Hotel of the Year competition in January 2025 in partnership with Visit Hungary. The award ceremony took place on the evening...
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A turnaround in international trade: tariffs are rising again
After World War II, the average level of tariffs was around 30-40%, but in recent decades there has been a continuous decrease. Today, the import-weighted tariff is only around 2.5%...
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Interest discount on green loans
The popular green home loan will be even more favorable at K&H. In the most popular interest period, the interest discount for a loan for energy-efficient residential property is 1...
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Recent survey: Fear of rejection is crippling businesses
A recent survey found that 33 percent of businesses cite fear of rejection as the main reason for their lack of customers. Many of the companies surveyed feel that a...
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Britons are starting to turn away from veganism
In the UK, more and more people are abandoning the vegan lifestyle, as evidenced by the closure of vegan restaurants and the gradual disappearance of plant-based products from supermarket shelves....
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Visit Hungary: nearly a quarter of a million guest nights during Valentine’s weekend
The Valentine’s weekend brought about 243 thousand guest nights to domestic accommodations, a 20 percent higher turnover nationwide compared to the second weekend in February – Visit Hungary told MTI...
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Changing rules for seasonal work and casual employment
On February 1, new rules came into force regarding seasonal work, casual employment and the employment of film extras. On the one hand, these bring with them an increase in...
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The best in the logistics profession were awarded in Herceghalom
The Hungarian Logistics Service Centers Association (MLSZKSZ) once again recognized outstanding professionals and developments in the logistics sector at the 15th Transport Logistics Conference. The award ceremony took place in...
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Biodiversity loss: ecosystems and economies increasingly at risk
While climate change dominates environmental debates, another equally serious problem, biodiversity loss, receives less attention. Yet this process can undermine the foundations of human well-being and economic systems, the G7...
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Alibaba’s quarterly profit increases significantly
Chinese e-commerce giant Alibaba Group Holding reported a sharp rise in after-tax profit in the third quarter of its fiscal year ended in December, with adjusted profit and revenue both...
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A new Burger King opens in Székesfehérvár next to the M7 highway
The second Burger King restaurant in Székesfehérvár will open its doors on February 27th, welcoming fans of the fast food chain near the M7 motorway. The new unit represents the...
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The possibilities of artificial intelligence built into the kitchen will also be presented at the trade fair
One of this year’s important kitchen trends, the possibilities offered by artificial intelligence, will also be presented at this year’s Kitchen Exhibition, which will be held between February 28 and...
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Climate change and market price explosions are becoming a growing problem for Hungarian producers
For decades, Hungarian agriculture has been based on the cultivation of wheat, corn, sunflower, barley, rapeseed and soybeans, as these crops are best suited to the climate and market conditions...
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The Consumer Protection Authority monitors compliance with advertising bans
The National Trade and Consumer Protection Authority (NKFH), together with the government agencies under its professional supervision, will monitor compliance with the general advertising rules and the regulations protecting the...
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Revolutionary tomato harvesting robot for the greenhouse cultivation of the future
TTA-ISO has unveiled its latest development, a fully automated tomato harvesting robot, at the Fruit Logistica exhibition in Berlin. The new technology, which will be available on the market from...
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NAV: annual VAT return can now be submitted in the eVAT system
The National Tax and Customs Administration (NAV) expects annual VAT returns from almost 70,000 businesses by February 25, which can now be easily prepared and submitted in the eVAT system,...
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Szeged restricts pub opening hours – caterers protest
The general assembly of the city of Szeged has decided: from mid-April, the opening hours of restaurants will be limited to 11 p.m. by default. The aim of the measure...
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Billa Bulgaria To Invest €31m In 2025, Open 13 New Stores
Billa Bulgaria invested over BGN 100 million (€51 million) in 2024, including BGN 44 million (€23 million) in a new logistics base near Stara Zagora and nearly BGN 60 million...
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Self-service kiosk market to grow by $13.28b by 2029
The global self-service kiosk market is projected to grow by $13.28b between 2025 and 2029, according to a report by Technavio. The market is expected to expand at a compound...
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Gránit Fund Management strengthens with new marketing and communications manager
From February 2025, Attila Csonka will manage the marketing, communication and sales support activities of Gránit Alapkezelő. Attila Csonka joined Gránit Alapkezelő in May 2024 as a senior marketing manager,...
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Hungarian Sausage Culture: Traditions, Recipes, and Specialties
Blood or liver, rice or bread, rich or simple – everyone has their own preference when it comes to hurka, but one thing is certain: this traditional Hungarian delicacy is...
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Skoda produced 4.2 percent more cars in 2024 than the previous year
Skoda Auto produced more than 925,000 vehicles worldwide in 2024, an increase of 4.2 percent compared to the previous year, Porsche Hungaria, the Hungarian importer of Volkswagen Group brands, informed...
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Kraft Heinz working on Plasmon baby-food sale
Kraft Heinz has hired advisers to work on the potential sale of Italy-based baby-food business Plasmon, Just Food understands. The company has appointed investment bank Houlihan Lokey to assist the...
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Is domestic tobacco retail in trouble?
Price hikes have eroded the domestic market’s price advantage over retail prices in neighbouring countries. This article is available for reading in Trade magazin 2025/2-3. Whereas in previous years shopping...
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Selective shopping
Selective shopping is the latest trend and all the signs indicate that it will continue to determine how and where shoppers spend their money in domestic chain stores in 2025....
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Informed choices and targeted solutions
According to Euromonitor’s Global Consumer Trends 2025 report, consumer behaviour is fundamentally shaped by the rising cost of living, the need for sustainability and expectations of physical and mental well-being....
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CSR Hungary: awards for the best
For the 17th time the Hungarian Business Responsibility Award, the CSR Hungary Award was presented to the winners in the Gundel Palace on 15 November 2024. This article is available...
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PwC Global CEO Survey: replanning in progress
This article is available for reading in Trade magazin 2025/2-3. Commenting on the survey of 4,701 CEOs in 109 countries, conducted between 1 October and 8 November 2024, Mohamed Kande,...
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This year’s payments market trends according to Mastercard: AI, digitalisation, mobile wallets and tokenisation
According to Mastercard’s experts, the following 10 factors will determine payment trends in 2025: This article is available for reading in Trade magazin 2025/2-3. 1. Fighting AI fraud with AI:...
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LG develops special digital displays
LG Electronics (LG) has unveiled its latest digital display innovations at the Integrated Systems Europe (ISE) trade show in Barcelona, on 4-7 February. This article is available for reading in...
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