News and articles
Fidelity: What emerging markets can bring
In periods characterized by market volatility, it is easy to forget about the attractiveness of emerging markets. However, now, when valuations are at a low point not seen for several...
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ALDI and TOLNATEJ are jointly investigating the consumer complaint received about ESL milk
On August 5, 2023, the ALDI store in Piliscsaba received a customer complaint regarding ESL milk with a 1.5% fat content. The company immediately began investigating the complaint and, as...
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World trade decreased in July
In July, world trade slowed significantly based on the monthly Kiel Trade Indicator calculated by the IfW economic research institute in Kiel. The July world trade index of the IfW...
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MNB: stable lending capacities, unchanged credit terms and low demand on the credit market
Stable lending capacities, unchanged credit terms and low demand characterized the credit market in the second quarter of this year based on the second quarter Lending Survey of the Magyar...
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They rang the bell at Tesco
The beginning of the school year shopping season is already in full swing at Tesco, where customers can choose from a total of more than 3.8 million school supplies. In...
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MTÜ: many more foreign tourists chose Balaton this year
Foreign guest traffic also performs well in the summer season at Lake Balaton, with most of the foreign guests choosing it for their vacation from German-speaking and Visegrád sending countries....
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Waberer’s net profit increased sixfold in the second quarter
Waberer’s International Nyrt. achieved sales revenue of 175.9 million euros in the second quarter, which is an increase of 1.5 percent compared to the same period of the previous year,...
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In Romania, the price of some staple foods fell due to the government decree limiting the margin
In Romania, the average consumer price of some staple foods has decreased since the emergency government decree limiting margins came into effect, the Competition Council announced on Monday. Compared to...
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LG has published its 2022-2023 sustainability report
LG Electronics (LG) published its 2022-2023 sustainability report, in which it officially reported on its achievements so far and its strategic plans for the six main areas of the company’s...
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Due to the bird flu epidemic, immediate EU measures are needed regarding Brazilian poultry meat imports
The bird flu epidemic is raging in Brazil, and the infection has already reached the country’s largest poultry-producing regions. Brazil is the world’s largest poultry exporter, from which hundreds of thousands...
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The authorities are cracking down hard on Elf Bar distributors
The Economic Competition Authority (GVH), the National Tax and Customs Administration (NAV) and the Supervisory Authority for Regulated Activities (SZTFH) cooperate closely in the action against Elf Bar. The GVH...
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A summary of the antibiotic treatment of food-producing animals was prepared
For more than a decade, Hungary has been voluntarily providing data on the wholesale trade of veterinary medicinal products containing antibiotics, but from 2024, in addition to sales, it will...
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Coca-Cola bottler CCEP intends to acquire Coke’s Philippines business for $1.8 billion
Coca-Cola Europacific Partners said last week it intends to jointly acquire Coca-Cola Beverages Philippines with Aboitiz Equity Ventures (AEV) for $1.8 billion, in an effort to become the world’s largest...
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Paper Receipts No Longer Issued Automatically In France
As of 1 August, paper receipts will no longer be issued automatically in France – a measure implemented with the aim of saving paper, trees and water, the government has...
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Supermarket plastic bag use falls 98% since introduction of 5p charge
The use of single-use supermarket plastic bags has plummeted 98% since retailers began charging for them in 2015. The Department for Environment, Food and Rural Affairs (Defra) said that the...
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Szallas.hu: Croatia is attracting more Hungarians this summer than last year
There are more Hungarian vacations in Croatia this year than last year: the number of Croatian vacations in July increased by 3 percent, and in August it was already 1...
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The autumn corn sowing season is about to begin
The fungal diseases that appeared after the cool, rainy spring caused significant problems for the fall corn seeds as well. According to the Interprofessional Organization and Product Council of the Seed...
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Tourism in Mátra may get better
Significant tourism developments will be completed in seven settlements in Mátra for a total of about HUF 600 million this fall – Graven Idol Kft., responsible for the communication of...
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The market difficulties of Ukrainian grain imports could be handled with transit support
With European Union transit support, Ukrainian grain could be delivered to its former traditional markets, said István Nagy, who held a meeting with Mykola Solský, Minister of Agriculture and Food...
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Retail turnover decreased by 8.3%
In June, according to raw data, the volume of retail trade decreased by 7.8%, close to expectations, and by 8.3% when adjusted for calendar effects, significantly easing compared to the...
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FAO Food Price Index rebounds in July
Global food commodity prices rose in July, influenced by the termination of the Black Sea Grain Initiative and new trade restrictions on rice, the Food and Agriculture Organization of the...
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K&H: “everyday” costs HUF 60,000 more per month
There is still hardly anyone who does not spend more on living than a year earlier, according to the second-quarter K&H secure future survey, which examined changes in the expenses...
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CBRE: E-commerce is gaining ground
The growth of emerging e-commerce markets exceeds the European average, while developed markets – which account for 72 percent of total online spending – are once again behaving in accordance...
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Euronics strengthens with same-day delivery and parcel vending service
Our country’s largest exclusively Hungarian-owned e-retailer, Euronics, made online ordering even more convenient and faster with new services. The company’s online store is becoming more and more popular every year,...
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Fewer customers is an increasingly pressing problem for SMEs
The lack of demand is causing more and more difficulties, endangering the operation of a quarter of the companies, according to the results of the second quarter of the K&H...
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The GVH warns of fraudsters
Internet fraudsters are trying to mislead consumers with a mobile application that is deceptively similar to the online Price Monitor. The Economic Competition Office (GVH) hereby also draws attention to...
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The GVH is investigating the excessive pricing practices of importers
Within the framework of a complaint procedure, the Economic Competition Authority (GVH) is investigating the excessive pricing of certain foods produced abroad. The competition authority’s experts analyze market behavior related...
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The News of the Price Watcher reached many people – the site already had more than 910,000 visitors
In just one month, more than 6 million people were informed about the online Price Monitoring system operated by the Economic Competition Authority (GVH), revealed the Pulzus Kutató survey, commissioned...
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Change in the EKD system: even smaller investments can receive significant support
The non-refundable cash support provided by individual government decision (EKD) can also be requested for developments that are lower than before, already 3 million euros instead of 5. The amendment...
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Koltech Kft. built a new irrigation warehouse in Szeged
With an investment of more than HUF 261 million, Koltech Kft. has established one of the largest irrigation technology stores in the country, primarily serving horticultural needs, in Szeged-Szőre, managing...
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