News and articles
Beer consumption in Germany hits an all-time low
In 2024, German beer producers sold just 8.3 billion litres of beer, the lowest volume since reunification, according to the German Statistical Office. Total sales were down 1.4% on the...
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Strong brands, strong Hungary: the Ministry of National Economy actively supports the branding efforts of domestic businesses
Strengthening a tax system that supports the competitiveness of domestic businesses, fair trade practices, and effective, family-friendly consumer protection – these were among the key topics discussed during the professional...
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GKI analysis: We can do something about economic vulnerability ourselves
The government’s “flying start” in 2025 would require a surge in exports (exports are 77.4% of GDP, while net exports are 6.8% of GDP). All this in circumstances where international...
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2025: the emphasis should be on quality instead of quantity
Zsolt Gyulay, Károly Gerendai, József Kreinbacher, Ráhel Orbán, Sándor Scheer, Szabina Szulló & Tamás Széll, József Váradi – these are some of the names of the 50 important players in...
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Tesco raises employee wages
Tesco is increasing the basic salary of its store employees by a minimum of HUF 30,000 gross, to HUF 390,000 gross from March 1, and manual workers working in the...
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Historic interest rate reduction in the Széchenyi Card Program! The banking sector and KAVOSZ take on a new role for the development of SMEs
With the active participation of KAVOSZ Zrt., in close cooperation with the domestic banking sector and the Government, the interest rates of the specified schemes of the Széchenyi Card Program...
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PepsiCo’s financial performance last year fell short of expectations
PepsiCo’s financial performance last year fell short of expectations, with North America in particular a disappointment. Consumers’ healthier lifestyles and weight-loss trends have challenged the soft drink and snack giant....
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2025: the emphasis should be on quality instead of quantity
Despite the explosive development of the Hungarian solar market, the corporate sector faces numerous challenges. The drastic fluctuations in domestic and international energy prices, the rapid technological and digitalization development,...
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Flexible working conditions and a starting salary of 600-800 thousand forints are the expectations of young graduates
The most important demands of recent graduates from employers are flexibility and freedom, followed by salary: energy specialists ask for a starting salary of around 550-600 thousand forints, and IT...
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Bank360: The population has incurred a record amount of debt, with both housing loans and personal loans hitting record highs
Banks set a record in 2024: the amount of new contracts was 1,351 billion forints in housing loans and almost 820 billion forints in personal loans. The rise in housing...
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NAK helps its members planning small-scale investments with free application writing
The National Chamber of Agriculture is helping its members with a new free service. NAK village economists will prepare applications for the call for investment support for small agricultural enterprises...
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Nébih suspends a meat factory in Túrkeve
The National Food Chain Safety Office has suspended the operation of a meat plant in Túrkeve with immediate effect due to serious food safety risks and activities carried out without...
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Another boycott against high-priced stores begins in Croatia
The Croatian Facebook group “Halo, inspektore”, launched by the European Consumer Centre, has called on citizens in Croatia to boycott stores that charge high prices, the Croatian daily Jutarnji List...
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K&H: big results for little money
Who would have thought that students could save a lot of money from their pocket money by just putting aside a few thousand forints a month? According to K&H, it’s...
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Samsung to showcase Color E-Paper and AI Signage display solutions at ISE 2025
Samsung is showcasing its next-generation business displays, powered by AI, at ISE (Integrated System Europe) 2025 in Barcelona. Samsung Color E-Paper delivers advanced energy efficiency, while SmartThings Pro and Interactive...
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LG to Showcase Google Cast-Compatible Hotel TVs at ISE
LG Electronics (LG) will showcase its hotel TVs with Google Cast integration at the 2025 Integrated Systems Europe (ISE) trade show. Google’s solution allows users to securely cast their favorite...
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Turkey had its most successful tourism year ever in 2024
Turkey closed its most successful tourism year ever in 2024, welcoming 62.2 million visitors and generating $61.1 billion (24,110 billion forints) in revenue, the Turkish Tourism and Development Agency (TGA)...
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Producer prices of slaughter cattle continue to rise
According to AKI slaughter statistics, in 2024, cattle slaughter in live weight decreased by 4 percent compared to the previous year. The slaughter of cows, which account for more than...
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Should ketchup go in the fridge or the pantry? Heinz has settled the debate
The age-old question of whether ketchup should be stored in the fridge or the pantry after opening has finally been settled – at least according to Heinz. The well-known sauce...
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The authority confirmed the plague of small ruminants in another settlement
The Nébih confirmed the plague of small ruminants in sheep herds kept in the settlements of Nagymétnekpuszta and Lenti in Zala County. Similar to the case in Szentgyörgyvölgy, the careless...
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Molson Coors To Acquire Stake In Fever-Tree, Gains US Distribution Rights
Molson Coors is to acquire an 8.5% stake in the Fever-Tree, in a deal giving the beer giant exclusive rights to market the British company’s cocktail mixers and tonic water...
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The digitalization of agriculture is being encouraged using the widest possible set of tools
The digitalization of agriculture is not being encouraged solely through individual calls for proposals, but through the Hungarian support policy system, using the widest possible set of tools – the...
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The National Chamber of Agriculture and Rural Affairs is helping its members planning small-scale investment projects with free application writing
The National Chamber of Agriculture and Rural Affairs is helping its members with a new free service. The NAK’s village economists are preparing applications to be submitted to the call...
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Lidl set to open first ever in-store pub after legal victory
Lidl is set to open its first ever in-store pub in Northern Ireland, following permissions granted by a High Court this week. During the ruling on Monday (27 January), judge...
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TikTok brings its fulfillment service to Germany
TikTok Shop is preparing to launch in Germany, as indicated by various job postings. Notably, sellers will soon be able to utilize Fulfilled by TikTok (FBT) in Germany. This suggests...
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Egg prices rose by 3 percent in the EU and 19 percent in Hungary
According to European Commission data, the EU (EU27)’s egg and egg product imports increased by 27 percent to 98 thousand tons in the first ten months of 2024 compared to...
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Focus on dairy prices: The effects of price monitoring and market trends
The focus of the Government’s economic policy measures is on controlling the prices of basic foodstuffs, such as milk and dairy products. According to the Index’s analysis, retail chains are...
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Inflation in the euro area accelerated slightly in January
Inflation accelerated in January, instead of the expected stagnation, and the highest value in the euro area was recorded in six months by the statistical office of the European Union,...
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NGM: Hungarian economy performed better than expected
The Hungarian economy performed above expectations in the last quarter of last year, with GDP growing by 0.5 percent, André Palóc, spokesperson for the Ministry of National Economy (NGM), said...
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Rossmann’s new logistics center in Üllő was completed in record time
The Rossmann drugstore chain has begun the system technology development of its new headquarters, after the developer, Panattoni Hungary, and the owner, OTP Real Estate Investment Fund, handed over the...
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