News and articles
Ahold Delhaize’s results under pressure – CSEE region meaningful differentiator for future growth
Ahold Delhaize closes the year 2023 with a significant drop in net income. As the retailer reports, net sales including European and U.S. operations were up 3.8% at constant exchange...
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ULT Magyarország has raised its basic tobacco purchase prices
In this year’s tobacco growing season, Universal Leaf Tobacco (ULT) Magyarország Kft. has announced increased basic tobacco purchase prices for both types of tobacco compared to last year, the agronomy...
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NAV raided an illegal family tobacco operation
The financial investigators of the National Tax and Customs Administration (NAV) raided a family from the county of Szabolcs-Szatmár-Bereg engaged in drying, shredding and selling tobacco leaves. In a statement...
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Inflation here and beyond
Price increases and food inflation are the biggest fear in our country today. The “My love trade marketing” conference reviewed the survival strategies of customers, the relationship between brands and...
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Diminishing CEO fears, cautious optimism for 2024
54% of CEOs also trust in the improvement of the growth rate of the global economy, 60% of them in the domestic economy, according to the 13th PwC Hungary CEO...
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Rossmann opened its 250th store
The drugstore, celebrating its 30th anniversary in Hungary, developed above the market last year, but there is no stopping in 2024: their 250th store in a festive setting, the founder...
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Kinley distributed red roses to 10,000 couples on the occasion of Valentine’s Day
10,000 red roses were distributed on Valentine’s Day on Wednesday in Budapest. Couples walking downtown could celebrate Valentine’s Day with flowers thanks to Kinley. In addition to the roses, passers-by...
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VOSZ: High inflation will not return even with lower interest rates!
As we reported, the economy suffers from the high level of interest, as it means unrecoverable interest costs. Our analyzes show that a more serious interest rate reduction would be...
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Artificial intelligence is tempting, but you have to be careful about your rights
The corporate application of artificial intelligence has many opportunities, but also many legal pitfalls, warns the international law firm Baker McKenzie. With the help of generative artificial intelligence (AI), we...
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Hungary’s EU presidency: soil protection is the basis of everything
Our country stands by the basic principle that the food coming into the Union must comply with the same rules and regulations that the EU imposes on its own producers...
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SPAR University Teams Up With EasyToys In The Netherlands
Selected SPAR outlets in universities and colleges in the Netherlands are offering sex toys from EasyToys, according to media reports. The initiative is part of a collaboration between SPAR University...
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Germany’s meat production drops again in 2023
Data from Destatis said Germany’s meat production decreased 4% last year to 6.8m tonnes. Meat production in Germany fell “significantly” in 2023, the country’s Federal Statistical Office said. Data from...
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The payment of agricultural subsidies to farmers is progressing according to schedule
The sector ended last year with record payments, and the disbursement of agricultural subsidies is proceeding according to schedule this year as well – indicated Anikó Juhász. The Deputy State...
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Danone Inaugurates New Plant-Based Beverage Production Facility In France
Danone has announced the inauguration of a new plant-based production facility, in Villecomtal-sur-Arros in southwestern France. The inauguration took place at an event attended by French officials and Danone employees,...
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Agrometeorology: the sap circulation of early fruits started in the mild weather
Due to the mild weather of the past week, several plants are feeling the arrival of spring, the sap circulation of the early stone fruits has already started in the...
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Due to the risks, more and more companies are introducing policies for the use of artificial intelligence in the workplace
Assistive services using artificial intelligence (AI) (for example, various chatbots) are also spreading explosively in the workplace. The use of AI in everyday business is a relatively new phenomenon for...
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GDP did not change compared to the previous quarter
Falling short of expectations, the domestic GDP did not change in the fourth quarter of last year compared to the same period of the previous year, while seasonally and adjusted...
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Balázs Várkonyi joins Avokado
Balázs Várkonyi enters into a strategic cooperation with Avokado, so ED Group Kft. acquires a stake in the popular shopping platform. With the association, they plan to transform the image...
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Márton Nagy: the stagnation of GDP is temporary
According to the data of the Central Statistical Office, in the last quarter of 2023 it increased by 0.4 percent on an annual basis, while the performance of the Hungarian...
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It’s surprising what Hungarians order on Valentine’s Day
The trends related to the celebration around Valentine’s Day change from year to year, and based on recent statistics from the food delivery company Wolt, this year is no exception....
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There is quite a bit of chaos in the advertising of flu products across Europe
The Economic Competition Authority also took part in the joint investigation of the European Commission and the Consumer Protection Cooperation Network (CPC) of the member states’ authorities, which reviewed the...
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HELL ENERGY comes up with a surprising move again
HELL ENERGY comes up with a surprising move again. In the brand’s latest global campaign, which is available in more than 60 countries, we can see Michele Morrone, one of...
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The issue of artificial meat and the fight against food waste will be the main theme of our presidency
The issue of artificial meat, the fight against food waste and animal welfare are also on the agenda of Hungary’s EU presidency, which István Nagy discussed in his office with...
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Heineken’s profit fell
According to Heineken’s announcement, its annual profit in 2024 may significantly fall short of analysts’ expectations due to geopolitical and economic uncertainties. The company’s share price immediately reacted to the...
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The Eurozone economy stagnated in the fourth quarter
Eurozone economic performance stagnated in the fourth quarter following a slight contraction in the previous quarter, according to a Wednesday report by Eurostat, the statistical office of the European Union....
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Temu is in trouble: Wish was sold for pennies
The Chinese company Qoo10 bought the e-commerce platform Wish, which was valued at 14 billion dollars a few years ago, for only 173 million dollars. The transaction points to the...
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Annual inflation in Romania rose to 7.4 percent in January
Annual inflation in Romania rose to 7.4 percent in January, the National Institute of Statistics (INS) announced on Wednesday. In December, the annual inflation rate was 6.6 percent. The Romanian...
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ITB Berlin 2024: Travel technologies take center stage
The world’s leading tourism exhibition, ITB Berlin, offers more space for innovative solutions in the field of travel technology than ever before. This year’s motto: “Pioneer the Transition in Travel...
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Contrary to expectations, annual British food inflation did not accelerate in January
Twelve-month inflation of 4 percent, the same as in December, was measured in January in Great Britain. Analysts expected an annual inflation rate accelerating to 4.2 percent for the first...
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Ukrainian Minister of Agriculture: Ukraine does not shy away from Poles checking the quality of its grain
Ukraine is ready for Polish authorities to check the quality of Ukrainian grain at the border, Ukrainian Minister of Agrarian Policy Mykola Solskyi said in a TV program on Wednesday....
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