News and articles
Trenkwalder: The average hourly wage of manual workers increased by 19 percent in the second quarter
In the second quarter, the average gross hourly wage of skilled and trained workers performing physical work was HUF 1,853, which is a 19 percent increase compared to HUF 1,553...
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Electrolux closed the second quarter of this year with a loss
The Swedish household appliance manufacturer Electrolux AB closed the quarter ending at the end of June with a loss. The company reported on Thursday that it incurred a loss of...
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The price of agricultural land rose by almost 10 percent last year
The amounts to be paid for agricultural land in Hungary continued to rise in 2022, and the price increase accelerated to more than nine percent after 8.5 percent in 2021...
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LG presented a restaurant server robot
LG Electronics (LG) presented its latest intelligent server robot. The CLOi ServeBot (model LDLTR30) is suitable for any service activity, including restaurant serving. The LG CLOi ServeBot, which is fast...
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Lidl France Expresses Interest In Acquiring 600 Casino And Monoprix Stores
Lidl France is believed be interested in acquiring 600 stores operating under the Casino and Monoprix banners in the country, according to media reports. The discounter has sent a letter,...
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After the approval of the GVH, Mol took over the Szarvasi Biogas Plant
After the approval of the Economic Competition Authority (GVH), the Mol group took over the Szarvasi Biogázüzem. In May, the company concluded an agreement with BayWa AG on the purchase of...
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Inflation has made a difference to trade in organic products
High inflation has significantly changed the purchasing behaviour of customers for organic products. „People are still buying organic products, but at a lower price” Robert Kecskes, trade expert at market...
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Red Bull set a record at the Hungaroring
Defending title and two-time world champion Max Verstappen, the Dutch driver of Red Bull, won the 38th Formula 1 Hungarian Grand Prix at the Hungaroring on Sunday. It was the...
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Kraft Heinz to spend more than $400M to build Illinois distribution center, hire 150-plus workers
The 775,000-square-foot facility will allow the CPG giant to reduce its environmental footprint, boost supply chain efficiencies and ship its products faster. Kraft Heinz plans to spend more than $400...
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A foil tent heated with thermal water was built in Mezőkovácsháza
A foil tent heated with thermal water was built at the Mezőkovácsháza in Békés county with the support received from the economic revitalization program of the Ministry of the Interior,...
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Fidelity: Net zero in 2030 seems unrealistic for most companies
A survey of Fidelity ESG analysts questions whether companies’ net-zero plans are sufficient. The answer is: not yet, and a greater concerted effort is needed. Additional funding, technological innovation and...
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What can we learn from the promotions of 2022?
Market researcher Kantar Hoffmann has done an exclusive focus group survey for Trade magazine, on what shoppers think about the promotions that entered the “Most successful promotion of the year”...
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A new executive at the head of Pek-Snack
From July 2023, Zoltán Novák will assume the position of managing director of Pek-Snack Kft. Zoltán came to the company from Mondelez International, where he spent more than 17 years...
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Sportswear made from recycled plastic waste from Lidl
Lidl has launched a new and environmentally friendly sports collection, which also offers an alternative to a more sustainable lifestyle. The special feature of sportswear is that recycled plastic waste...
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New business, new manager at Wolt
Új üzletág élére nevezett ki vezetőt a Wolt: Tausz Péter a dinamikusan fejlődő Wolt Drive magyarországi kiépítéséért és irányításáért felel. A jogász végzettségű szakember kutatói és vállalkozói háttérrel egyaránt rendelkezik,...
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MTÜ: almost 40 percent more pre-bookings for the weekend of the Hungarian Grand Prix
More than 150,000 pre-bookings were registered by the accommodation providers in the capital for the weekend of the Formula 1 Hungarian Grand Prix, which is almost 40 percent more than...
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Syngenta developed a digital application for hobby gardeners
Syngenta Hungary presented a new, free mobile application. The Garden and Home application provides professional help against pests and plant diseases that threaten gardens and households. The changing growing conditions,...
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The Lucart Group turned 70 years old
The Italian Lucart Group, present in Nyergesújfalu in our country, celebrated the 70th anniversary of its foundation in Lucca and at the same time published its latest Sustainability Report certified...
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Food self-sufficiency is a strategic issue
In the shadow of the war, food self-sufficiency is a strategic issue – stated Minister of Agriculture István Nagy at the round table discussion of the 32nd Bálványosi Summer Free...
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More companies had salary increases than planned at the beginning of the year
While wages were increased at eight out of ten companies last year, the willingness to raise wages has decreased in the 2023 plans: in January 2023, only six out of...
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Agrometeorology: corn would benefit from rain
There is a drought in many places in the Great Plain and in the north and south-east of Transdanubia, corn would need abundant rainfall for the formation and growth of...
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PepsiCo starts new sustainability platform for consumers
Pep+ Partners for Tomorrow is the name of a new sustainability platform by PepsiCo, which offers solutions that aim to support shoppers in achieving their sustainability goals. At the launch...
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K&H: the travel plans were upset by the lack of money
Travel options for Hungarians will be limited this year. The majority of the members of the 30-59 age group – 68 percent – do not plan a longer trip this...
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Merrill J Fernando, the founder of Dilmah Tea, has died at 93
The founder of Dilmah Tea, Merrill J Fernando, has died at the age of 93 surrounded by his family when he died in Colombo. Fernando, the man well known for...
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Nestlé Increases Local Sourcing In South Africa With New Processing Plant
Swiss food company Nestlé said it will be locally sourcing over 40% of raw materials for a new processing plant in South Africa to offset supply chain challenges and cut...
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The most important challenges facing the food industry in the Carpathian Basin
Currently, the food industry is one of the most important parts of agriculture, which could mean the future – declared Dr. Márton Nobilis, State Secretary of the Ministry of Agriculture responsible...
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Louis Delhaize exits France, sells stores to Carrefour
Ailing Belgian supermarket group Louis Delhaize has sold its 175 French shops to Carrefour. Good deal for Carrefour Carrefour has paid 1.05 billion euros for the 60 Cora hypermarkets and 115 supermarkets of the...
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The range of summer squash is extremely diverse
In the heat of summer, a light lunch or a summer evening dinner is good, for which tender pumpkins, which can be prepared in a variety of ways, can serve...
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Euro zone inflation slowed down in June
In June, as previously announced, annual inflation eased to a 17-month low in the euro area, mainly due to the drop in energy prices, according to the data published on...
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Péter Szijjártó: 25 companies have already received support under the Factory Rescue Program, including food industry companies
So far, twenty-five companies have received the certificate of support, worth a total of HUF 27.5 billion, within the framework of the Factory Rescue Program, which promotes investments that increase...
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