News and articles
Global food inflation may increase further due to the situation in India
In the current year, India’s monsoon season raises serious concerns due to its deficient rainfall and the accompanying drought. The most populous country in the world has not seen such...
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161 organizations across the country can develop local community life with HUF 41 million Tesco support
Recently, Tesco customers were able to decide on the distribution of several million forints with their votes cast in the stores in the “You choose, we help” tender program, which...
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Consumers are no longer looking for heavy red wines
Extreme weather conditions and changing consumer habits pose significant challenges to Bordeaux winemakers. Many feel that production is no longer profitable, leading some to dismantle vineyards and seek compensation from...
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Mol has completed the sale of 39 filling stations in Slovenia to Shell as part of its acquisition of OMV Slovenija
The previously announced sale of the Mol group’s 39 filling stations in Slovenia to Shell as part of the acquisition of OMV Slovenija has been completed, Mol told MTI on...
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A life-saving step on the highways: OMV installs defibrillators
It is an alarming figure that 27,000 deaths occur every year in Hungary due to sudden cardiac arrest, which means 70 patients per day. However, this number can be reduced...
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The GDP growth of the OECD countries slowed in the second quarter in a quarter-on-quarter comparison
In the second quarter, the GDP growth of the countries of the Organization for Economic Cooperation and Development (OECD) decreased to 0.4 percent compared to the first quarter, when an...
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Arnold Schwarzenegger became the advertising face of Lidl
Now it’s official, 76-year-old Arnold Schwarzenegger has become the new face of Lidl DIY products. In the brand’s commercial, the actor promotes saws, cordless drills and other DIY tools. “I’m...
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Attention: The certification stickers of plant protection machines in use expire
The National Food Chain Safety Office (Nébih) draws the attention of farmers who operate crop protection machines that their machines older than 5 years are again due for a technical...
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End of summer flavors: refreshing appetizers, cold soups
Summer is coming to an end, but we can still enjoy the flavors of seasonal summer fruits: melons, watermelons, peaches, nectarines and blackberries can be used not only for ice...
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Coca-Cola targets Malaysia’s health-conscious drinkers with Sprite NPD
Malaysia is the third major regional market for the product, which Coca-Cola has launched in Thailand and in the Philippines in the last 12 months. Soft-drinks giant The Coca-Cola Co....
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Klarna reaches 100 million European users
Swedish fintech Klarna now has more than 100 million European users on its platform. It has also achieved a 14 percent year-on-year GMV growth in the second quarter in Europe....
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The net sales revenue of fertilizer sales is 30 percent lower compared to the same period in 2022
Fertilizer distributors sold 561,000 tons of fertilizer directly to agricultural producers in the first half of 2023. Due to the 11.4 percent lower fertilizer prices on average, in the first...
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Kroger Expands Supply Partnership With Vertical Farming Company 80 Acres Farms
US retailer Kroger plans to offer fresh produce from vertical farming company 80 Acres Farms to around 1,000 stores across the Midwest and Southeast. 80 Acres Farms has been supplying...
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Turkey slaughter has dropped significantly in slaughterhouses
Hungarian slaughterhouses slaughtered 105.9 million poultry in the first half of 2023, 6.5 percent more than in the same period of the previous year. The live weight of slaughtered poultry...
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Márton Nagy: the population must feel that they can consume
The government’s goal is to protect the investment-based, export-oriented economy, to protect consumers against high energy prices, to deal with the difficulties of the credit market and to stimulate consumption...
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A hard autumn awaits retail players, but we can overcome it
According to Vivien Czeczeli, a researcher at the Economy and Competitiveness Research Institute of the National Public Service University (NKE), the European champion food inflation resulted in a consumption shock,...
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Alexandra Szentkirályi: 10 percent of the inspected stores violated the law during the mandatory promotions
10 percent of the inspected stores committed violations of the law during the mandatory campaign, the government spokesman announced on Thursday in Budapest to Kormányinfo. Alexandra Szentkirályi said that the...
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GFM: the price monitoring system will be expanded with new user-friendly functions next week, the free shopping list can further increase market competition
With the professional support of the Ministry of Economic Development (GFM), the Economic Competition Authority (GVH) launched the online price monitoring system on July 1, 2023, which enables transparent comparison...
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Home prize worth 100 million is coming
Szerencsejáték Zrt. is launching a unique campaign in cooperation with OTP Bank from August 28. One of the most valuable domestic prizes of the past decade, a penthouse apartment worth...
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Mihály Varga: it is too early to talk about joining the Eurozone
According to Finance Minister Mihály Varga, it is too early to talk about Hungary joining the Eurozone. On Saturday, at the Tranzit festival in Tihany, the head of the ministry...
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Extra virgin olive oil is becoming more and more expensive – these are the reasons
Dramatic shifts are underway in the olive oil market. Product scarcity and doubled prices define the current landscape. Despite a seemingly modest 10% drop in global production after the 2021-2022...
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A Hungarian food product was ranked among the best in the world
Hungarian food products have achieved significant success at one of the world’s most prestigious culinary competitions, the Great Taste Awards. The independent panel of experts, composed of chefs, food critics,...
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IKEA’s Szkenneld and Vedd service significantly speeds up shopping
IKEA has long strived to offer visitors innovative shopping opportunities. For a more efficient shopping experience, the company launched the Szkenneld és Vedd service in all three Budapest stores in...
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The unemployment rate was 3.9% in July
Employment reached a new peak, 22,000 new jobs were created in the domestic primary labor market in one year, the number of public employees decreased by 7,000, and the number...
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Heineken sold its interests in Russia for €1
The Dutch brewing company Heineken, the world’s second largest beer company, has handed over all the shares of its Russian subsidiary to the Russian-based Arnest group for a symbolic 1...
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AI trend expert, crisis resilience coach and virtual model avatar creator at this year’s BrandFestival
On November 9-10, AI trend experts, customer experience strategists, coaches responsible for crisis resilience and creative content developers will occupy the ETELE CINEMA stage. During their presentations, they dissect the...
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MTÜ: the St. Stephen’s Day program series brought a sold-out weekend to Budapest
The programs of the series of events organized for Hungary’s birthday were accompanied by an unprecedented interest; based on the data of the National Tourist Information Center (NTAK), the accommodation...
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The German retail players are bleak
In August, the German business sentiment index of the ifo economic research institute weakened more than expected, and the outlook and the current situation also worsened among economic actors. The...
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The Pepsi Space Awards were presented
The conquest of young talents was celebrated with eloquent and daring works on Thursday at the award ceremony of the Pepsi Space competition, where they not only presented the projects,...
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Bolt received a declaration of war from the traditional transport organizing companies
In response to recent press reports, the BOLT HTX Kft. issued a statement emphasizing that it always operates in accordance with Hungarian and European Union legal regulations and fully cooperates...
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