News and articles
Daniela Constantinescu leads the subsidiary of UPS in Hungary and several regions
UPS appointed Daniela Constantinescu as the country director of its subsidiaries in Hungary, Greece, Romania and Slovenia (HUGRROSI region). Constantinescu will be based in Budapest and will report to Kim...
Read more
UK Food and Beverage Sector Buyouts Sees Almost 30% Decline
Merger and acquisition deals within the UK’s food and beverage sector have dropped by 29% following a difficult trading environment which has seen retailers increasing prices to mitigate inflationary cost...
Read more
Fighting drought is a strategic issue
In addition to Hungary’s climate conditions, the fight against drought is a strategic issue at the level of the national economy, the Minister of Agriculture said on Thursday in Nádudvar....
Read more
Starbucks considers selling its UK business
Starbucks is exploring a sale of its UK business, as costs are skyrocketing and competition is getting stronger. The coffee chain has hired adviser Houlihan Lokey to find parties interested...
Read more
The PRRS exemption can only be preserved with the awareness of livestock keepers
Thanks to many years of persistent and consistent work, at the beginning of this year we succeeded in achieving the freedom of Hungary from porcine reproductive disorders and respiratory symptoms...
Read more
Food Inflation is Holding Up – Consumers Find Increasingly Difficult to Cope With
Food inflation remains extremely high and consumers are feeling the pain. They are making changes to their restaurant engagement as well as their grocery purchases, according to the August IRI...
Read more
ALDI-inspired youthful dresses have arrived
A new clothing range is added to ALDI’s offer. The seasonal items feature the company’s iconic logo and everyone can find a fashionable outfit or footwear to suit their taste....
Read more
According to László Parragh, the closing of shops on Sunday is within reach
The Hungarian Chamber of Commerce and Industry made suggestions to the government on how businesses could be helped in their fight against skyrocketing energy prices. The president of the chamber...
Read more
K&H: The lack of professionals and exchange rate fluctuations hinder the operation of SMEs the most
Exchange rate changes are causing more and more problems for domestic businesses, according to the results of the second quarter of the K&H SME confidence index. After the shortage of...
Read more
High Cost of Living Prevents 65% of People to Adopt a More Sustainable Lifestyle
The cost-of-living crisis is making it harder for people to live more sustainably as 65% want to be mindful of the planet and the environment but say higher prices prevents...
Read more
Nestlé To Develop Animal-Free Dairy Proteins
Food giant Nestlé has announced that it is exploring emerging technologies for the development of animal-free, protein-based dairy products. The company’s newly established US R+D Accelerator will pilot a new product from Perfect...
Read more
There is a high demand for milk at the price cap, it is hardly available
In many places, you can’t get milk at the official price. Viewers of RTL Híradó sent footage of empty shelves from several locations, and rural customers also complained about this...
Read more
In every era processed meats are in line with the trends
The ingredient and energy price increase has reached the category of processed meats too, which translated into higher consumer prices this year. Salami sales could grow in both value and...
Read more
The drought is so severe that the trees are begging the dogs! – online discourse on drought
After the dry months behind us, autumn and rainy weather finally arrived with the first of September. Based on the online discourse of the past year, the research team of...
Read more
Tesco and Shell are establishing electric car charging points
Shell Hungary zRt. and TESCO-GLOBAL Zrt. will install EV chargers in more than 100 Tesco stores by 2025. Thanks to the partnership, Shell Recharge’s network will provide nationwide coverage at...
Read more
More than 8 tons of waste were collected in III. Bodrogi PET Cup
After the successful summer competitions in the Tisza, the autumn race of the pet boat waste derby achieved serious results in Bodrog. Organized with the active involvement of 160 participants...
Read more
HARIBO Color Pops dragées
Color Pops dragées add a new colour to the candy palette, and at the same time they are also the perfect choice for consumers looking for something special. In the...
Read more
Manpower: more than a quarter of domestic companies plan layoffs in the fourth quarter
For the first time since the first period of the Covid-19 epidemic, more companies operating in Hungary are planning to lay off workers than to increase staff. In the next...
Read more
The Dutch onion market is booming
In addition to high sales prices, there is a strong demand for high-quality onions. According to Rinus Wisse, an expert from Wiscomex, the current selling prices of between 0.34 and...
Read more
Takarékbank analysis: catering turnover increased by 5.8%
Compared to the rising base due to the gradual opening a year ago, the volume of catering turnover increased by 5.8% in July after the 14.7% increase in June, while...
Read more
This is how the English see customer service work
The English company FM Outsource asked 1,000 people about their experience with customer service in 10 sectors – we learned from the VIMOSZ news report. The research found that the...
Read more
Lucart was included in the top 1% of the world’s sustainably operating companies
Lucart, which supports sustainable paper production, received platinum certification from the independent agency EcoVadis, which is the highest recognition of corporate social responsibility. Only 1% of the more than 90,000...
Read more
AKI: Hungarian farmers increased their machinery purchases by 80 percent
Individual farms and social enterprises bought HUF 165.5 billion worth of new agricultural machines and tools in the first half of this year, which was 80 percent more than a...
Read more
Jobtain: This is worth knowing about the foreign workforce working for us
The labor shortage in our country is breaking records compared to the last five years. According to KSH data, 2022. II. a total of 98,648 vacancies were available in the...
Read more
SPAR Austria To Combat Food Waste With Digitalisation
Retailer SPAR Austria is aiming to minimise food waste in its stores through new methods, including increased digitalisation of the group’s inventory. In cooperation with the company’s IT unit, Microsoft, and...
Read more
Premier Foods to buy The Spice Tailor for GBP 43.8m
Premier Foods is acquiring South East Asian meal kits brand The Spice Tailor for GBP 43.8m. In the 2022-2023 financial year the acquisition is expected to generate a revenue of...
Read more
The European apple crop may be weaker than expected
WAPA (World Apple and Pear Association) has reduced its forecast for the European apple harvest by 90 thousand tons – the FruitVeb Hungarian Vegetable and Fruit Association and Product Council...
Read more
Tesco rolls out first dairy-free milk drink range under its Wicked Kitchen label
Tesco’s plant-based label Wicked Kitchen has rolled out its very first dairy-free milk drink. There are four variants available: oat, coconut, soy and almond. Products in the dairy-free range contain...
Read more
A significant crop loss is expected in sweet corn due to the severe drought
The sector is in trouble: in addition to the extraordinary economic situation caused by world political and economic events, and the explosive increase in costs, this year nature is spectacularly...
Read more
GKI: this is how overheads increased, and this is how it will affect the budget
The consumer price index in August 2022 was 15.6% compared to August 2021, while the harmonized price index was 18.6%. Of this, 1 percentage point is explained by fuel purchases...
Read more