News and articles

KSH: freight performance decreased in the first quarter

The volume of goods transported decreased by 8.7 percent and the transport performance in freight tonne-kilometers by 11.7 percent in the first quarter compared to a year earlier, according to...

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The Board of Directors of Zwack Unicum decides on the items on the agenda of the General Meeting

Zwack Unicum will not hold its annual general meeting convened on June 25, 2020, instead the company’s board of directors will decide on all issues on the agenda on that...

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CED announces a cross-border economic development tender

Within the framework of the Economic Protection Action Plan, CED Central European Economic Development Network Nonprofit Kft. is announcing a cross-border development tender with a budget of 25 billion HUF,...

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ITM: Economic actors are confident in recovery

Economic actors are confident in the recovery, job protection measures are considered proportionate to the challenge, and fewer and fewer people need state aid, the state secretary of the Ministry...

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Praktiker achieved record sales last year

Praktiker achieved record sales in 2019, with the DIY store chain closing 2019 with net sales of 67.88 billion HUF, which is about 18 percent more than the previous year’s...

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The majority of Hungarian companies were IT unprepared for the pandemic situation

Nearly two-thirds of the companies were unprepared to set up security requirements when the coronavirus outbreak broke out, according to a recent domestic survey by Panda Security for 30 years....

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Consumer sentiment improved in the euro area and the EU in June

In June, consumer sentiment in the euro area and the EU rose slightly more than expected, according to a survey by the European Commission’s Directorate-General for Economic and Financial Affairs...

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Sailing is easy in good wind

In 2019 Rossmann Magyarország Kft.’s sales revenue was up almost 8 percent, but it was a year full of challenges.   Managing director László Flórián told that the premiumisation process...

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Penny Market: With the focus on the employees and development

Penny Market has been present in Hungary for 24 years, with 223 stores, 3 logistics centres and more than 4,000 employees. The discounter chain continues its store modernisation programme, focusing...

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Tesco exits Poland and sells to Netto

Tesco announced the sale of 301 of its stores in Poland to Salling Group’s discount banner Netto. This includes the sales of two distribution centres, and it headquarters in Krakow,...

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