News and articles
K&H: young people seem more pessimistic when it comes to their salary
Among working young people, eight out of ten expect to receive a higher salary in the next period. At the same time, almost six out of ten, i.e. 58 percent...
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Changing banks can also help you prepare for Christmas
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Eroski customers saved more than EUR 33m in the first half of the year
With discounts on more than 5,700 products, Spanish retail chain Eroski has saved shoppers a total of more than EUR 33m in the first half of 2024. More than 50%...
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Penny invests into urban convenience
German discounter Penny is modernizing its store segment of small, urban discount stores. Updating towards a stronger convenience-oriented concept avoids a direct confrontation with channel leaders Lidl and Aldi. The...
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The company founded by the Hungarian 77 Elektronika Group started production in China
The 100% domestically owned 77 Elektronika Group, which develops and manufactures medical electronics products, made the first Hungarian investment in the machinery industry in China. In the future, the high-tech...
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Sales of Fairtrade products increased in Germany
Sales of Fairtrade products in Germany increased by 3% in the first half of 2024 compared to the same period last year, according to Fairtrade Deutschland Association. Banana, flowers and...
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Moët Hennessy invests in nonalcoholic champagne brand
The luxury beverage maker’s partnership comes after it reported declining revenue in the sparkling wine category in the first half of 2024. Moët Hennessy announced a significant minority investment in French...
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Cerbona Gingerbread flavoured limited edition granola 200 g
Enjoy the rich flavours of Cerbona’s latest limited edition Gingerbread flavoured granola! The unique combination of crunchy granola and gingerbread spices offers a special taste experience, which is perfect for...
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NGM: the review of Airbnb regulations will only affect Budapest
In connection with the announcement made by the 26 tourism organizations, the Ministry of National Economy (NGM) states that a housing problem has developed in Budapest, which particularly affects young...
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Russia’s X5 Retail Group Highlights Worker Shortage As Key Challenge
Labour shortages will be a major challenge for Russia’s largest food retailer X5 in the next decade, CEO Igor Shekhterman said, as he forecast sharp business growth over the next...
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KSH: retail turnover increased by 4.1 percent in August compared to the same period of the previous year
According to the raw data, the volume of retail sales in August increased by 3.2 percent, and adjusted for the calendar effect by 4.1 percent compared to the same period...
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The expansion of consumption has been unbroken for eight months, the growth of retail turnover accelerated to 4.1 percent in August
Based on the latest data from the Central Statistical Office (KSH), the trend of expansion of retail sales since January continued in August 2024, the Ministry of National Economy (NGM)...
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10,500 school children received school supplies from the Auchan collection
10,500 children were able to start this school year with appropriate equipment thanks to the collection of Auchan and the National Association of Large Families (NOE). Customers donated more than...
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The collaboration between PENNY and Ricsi Farkas is already in full swing
PENNY Hungary reached an important milestone in 2024, as their collaboration with chef Richárd Farkas opened up new directions in the intertwining of gastronomy and retail. With his commitment to...
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K&H: they took out insurance for the micromobility devices for slightly more than HUF 6,000 per year
Since the introduction of mandatory insurance for micromobility devices, K&H has signed contracts for almost 6,500 such vehicles, including scooters, the financial institution announced. The average price of insurance is...
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Road to “economic neutrality”: service exports
Analysts regularly deal with Hungary’s foreign trade balance and its impact on the economy, but mostly the product foreign trade balance is discussed. At the same time, it is also...
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There are more professionals performing physical work available on the labor market
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Small and medium-sized enterprises have an important role to play in economic recovery
In the coming years, small and medium-sized enterprises (SMEs) will play an important role in economic recovery, and the government is therefore opening up new financing opportunities for them –...
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Lidl Switzerland exported 3,000 tonnes of cheese last year
Lidl Switzerland exported more than 3,000 tonnes of cheese in 2023, accounting for around 5% of Switzerland’s European cheese exports. Despite a general decline in Swiss cheese exports, Lidl’s sales...
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Organic or non-organic? – Don’t be afraid to ask!
It is the joint effort of the Union and the Hungarian government to increase the proportion of organic farming within agriculture as high as possible. Accordingly, more and more places...
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NIVEA® Q10 Anti-Wrinkle Expert Double Effect Serum
Its innovative formula reduces the visibility of deep wrinkles with high-concentration pure Q10. Prevents the formation of new wrinkles with anti-glycation technology, protecting the skin from damage caused by glycation....
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Nébih: the distributor recalled a picking shovel with holes
Due to the release of primary aromatic amines, HOUSEHOLD DEPO Kft. recalled a pick shovel with holes from the market – the National Food Chain Safety Office (Nébih) drew attention...
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Amazon launches climate label in Belgium and Sweden
Amazon is expanding its “Climate Pledge Friendly” to Belgium and Sweden, making it easier for customers to filter searches to highlight products with sustainable features. The new label, in the...
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Seven & I in talks over the sale of its supermarket business
Japan’s Seven & I Holdings has approached private equity funds and other parties about a potential sale of its Ito-Yokado stores and supermarkets, Bloomberg News reported, citing people familiar with...
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26 professional organizations reject the complete ban on short-term apartment rentals in Budapest
In the case of short-term housing rentals, the Hungarian professional tourism associations recommend a compromise between a complete ban and the current regulations for the government. Twenty-six professional organizations formed...
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Mondelēz’ SnackFutures Ventures Acquires Minority Stake In UK’s Urban Legend
SnackFutures Ventures, the corporate venture capital arm of Mondelēz International, Inc., has acquired a minority stake in Urban Legend, a ‘better-for-you’ fresh doughnut and pastry business in the United Kingdom....
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The size of the production area in the domestic tobacco sector has stabilized
The actors of the sector threw themselves into this year’s work with confidence, the spring precipitation in most of the production area was good for the plants at the beginning,...
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NGM: the food industry and pharmaceutical production are also performing well
Based on Friday’s data from the Central Statistical Office (KSH), some sectors of the Hungarian economy perform better, others worse, but the Hungarian economy as a whole is growing. In...
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FAO: The time has come to make the right to a healthy, nutritious and affordable diet a reality
The theme of this year’s World Food Day is “The right to food for a better life and future”. The message serves as a timely reminder that all people have...
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The international listing of sugar led to an increase in the price of the main food commodities
According to the Friday report of the Food and Agriculture Organization of the United Nations (FAO), in the past year and a half, September saw the fastest growth in the...
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