News and articles
PDD Holdings and Temu’s challenges: weakening results, increasing competition and EU strictness
Date: 2024-11-25 11:02:39
PDD Holdings, the Chinese giant that operates online shopping platforms Pinduoduo and Temu, is going through a difficult period. Its third-quarter financial results fell short of analysts’ expectations, while the...
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LG announces organizational changes to achieve its 2030 vision
Date: 2024-11-25 10:56:46
LG Electronics (LG) announced a number of organizational changes and executive appointments following approval by the board of directors. The reorganization aims to help the company achieve its mid- to...
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The golden age of board games: a billion-dollar industry in Hungary
Date: 2024-11-25 10:37:39
The world of board games has experienced unprecedented development in recent years, including in Hungary. The market, which previously featured only a few players, now has more than twenty publishers,...
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Ministry of Agriculture: Strengthening direct producer sales in focus
Date: 2024-11-25 10:30:53
Sustainability is a key issue in all areas of our lives these days. From an economic and social perspective, the development of food supply chains that, in addition to strengthening...
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AgroVIR Kft. acquires the Hungarian operation of NEXT Farming software
Date: 2024-11-25 10:00:08
On November 13, 2024, AgroVIR Kft. acquired a 100% stake in FarmFacts Hungary Kft., the distributor of NEXT Farming software. FarmFacts Hungary Kft. was previously owned by BayWa AG and...
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Publication helps farmers apply for the new Agri-Environmental Management Support
Date: 2024-11-25 09:30:10
A new agri-environmental management program (AKG) will be launched in Hungary from January 1, 2025. The National Chamber of Agriculture has summarized information about the AKG in a handbook so...
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Q-Commerce Shoppers Opt For Smaller Basket Sizes, Notes DIA
Date: 2024-11-25 09:22:40
Quick-commerce shoppers in Spain purchase baskets of smaller volumes and value, but shop on a weekly basis, an analysis of customers by Glovo and DIA has shown. Shoppers who opt...
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Shiseido launches sign language beauty consultations
Date: 2024-11-25 09:20:09
The service uses sign language, lip reading, and chat. Shiseido has officially launched a free online beauty consultation service tailored for customers with hearing impairments. The service, available through its...
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A new era in streaming: 2.4 million Hungarian gamers and brands meet
Date: 2024-11-25 09:15:06
Publicis Groupe Hungary has joined the inStreamly platform as an exclusive partner in Hungary, bringing unique, interactive advertising opportunities to the world of live gaming streaming, the popularity of which...
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NAV: Several pounds of frozen food found in a Budapest warehouse was destroyed
Date: 2024-11-25 09:09:29
Among spare tires, used furniture and clothes, the financial inspectors of the National Tax and Customs Administration (NAV) Directorate of Operations found several kilograms of frozen food in a warehouse...
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Carrefour Italia Focuses On Franchising And Italian Organic Products
Date: 2024-11-25 09:07:32
Carrefour Italia is implementing a recovery strategy focused on franchising expansion and its Act for Food programme. This follows a disappointing summer and a 3.5% drop in first-half sales, to...
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Fertilizer prices fell by almost 30 percent
Date: 2024-11-25 09:00:49
Fertilizer distributors sold 1,044 thousand tons of fertilizer directly to farmers in the first three quarters of 2024, which exceeded the volume a year earlier by 25.2 percent. In addition,...
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Holiday Shopping Study 2024: European Consumers Plan Ahead Amid Economic Pressures
Date: 2024-11-22 12:32:24
The “Holiday Shopping Study 2024,” conducted by ShopFully and Offerista Group, surveyed 4,312 users aged 18 and older across eight European countries (Austria, Bulgaria, Germany, Spain, France, Italy, Romania, and...
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Nestlé Szerencs factory expands with new solar park
Date: 2024-11-22 12:01:52
The 1.5 GW annual capacity solar park will come into operation next March at Nestlé’s Central European regional coffee and cocoa powder production and filling center, which will cover nearly...
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Oversupply in the office market, returning demand in retail properties and hotels expected in 2025
Date: 2024-11-22 11:51:34
The Hungarian commercial real estate market is currently characterized by a decline in transaction numbers and a wait-and-see attitude, but experts at BDO Corporate Finance expect a recovery in the...
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The 3.01-liter soda bottle debate: Not a deliberate circumvention of the system, but a temporary solution
Date: 2024-11-22 11:48:47
Regarding the controversy surrounding the 3.01-liter soft drink bottles appearing on the Hungarian market, the head of Üdítő Centrum Kft., Zsolt Fórián, clarified the situation. In a statement to the...
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Black Friday: From a one-day sale to a month-long shopping frenzy
Date: 2024-11-22 11:41:13
Black Friday, the huge wave of price reductions that started in the United States, has now taken deep roots in Hungary. The shopping frenzy, which was originally limited to a...
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Hungarian family businesses invest in cooperation, not generational change
Date: 2024-11-22 11:35:13
More than 20 percent of the 515,000 partnerships operating in Hungary today, or 130,000, are family businesses, where the owners are connected by some kind of kinship. Among them, there...
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Only two weeks left: thousands of Santas are running in downtown Budapest this year
Date: 2024-11-22 11:33:21
The Santa Run season has begun, and after major cities around the world, such as Tokyo, Liverpool, Stockholm, Las Vegas, or even the Swiss capital, the red costumed running race...
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The #vadateszem campaign has been launched
Date: 2024-11-22 11:29:38
The launch of the #vadateszem campaign, which also draws attention to a healthy and varied diet, is a new impetus in the promotion of game meat, said Dr. Beáta Olga...
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K&H innovation index: Hungarian corporate innovation at a low point
Date: 2024-11-22 11:22:18
The results of the K&H Innovation Index for the second half of 2024 show a worrying decline in the innovation performance of domestic companies. The index, which measures the innovation...
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Chilean “seed guardians”: fighting to preserve traditional plant varieties
Date: 2024-11-22 11:20:41
The Chilean “seed guardians” movement has taken on a unique and significant mission: to preserve the genetic diversity of traditional, ancient plant varieties. Global food production is increasingly shifting towards...
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A significant minimum wage increase is expected in Hungary: the gross amount will be 374 thousand forints by 2027
Date: 2024-11-22 11:16:15
The minimum wage in Hungary will be increased by 9 percent next year, by 13 percent in 2026, and by a further 14 percent in 2027, according to Portfolio, which...
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Sándor Czomba: the minimum wage will increase by nine percent next year
Date: 2024-11-22 11:10:09
The minimum wage will increase by nine percent next year, thirteen percent in two years, and fourteen percent in three years. It was not easy, but the wage agreement between...
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MOHU collected 700 million bottles in six months
Date: 2024-11-22 11:05:27
By mid-November, 700 million bottles, jars and cans had been redeemed in Hungary in the new redemption system – MOHU told MTI. They highlighted that the waste of the redeemed...
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Revolut 2025: The fintech giant takes things to new heights
Date: 2024-11-22 11:00:33
One of the most prominent players in the fintech world, Revolut, has announced its ambitious plans for 2025. The company, which has gained more than 10 million new customers this...
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Mihály Varga: the government stands by the interests of Hungarian farmers
Date: 2024-11-22 11:00:24
The government views agriculture as one of the pillars of sovereignty, and therefore will continue to stand by the interests of Hungarian farmers in the future, the Minister of Finance...
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Májustól akár felszámolással is járhat az Oroszország elleni EU-szankciók megsértése
Date: 2024-11-22 10:56:25
The European Union (EU) directive, adopted in April this year and to be implemented in Hungarian law by May 2025, obliges member states to introduce criminal and non-criminal measures in...
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A turbulent year for aviation: airlines worldwide declared insolvency
Date: 2024-11-22 10:37:32
The difficulties of this year have posed a serious challenge for many airlines. While in 2023, high ticket prices and an increase in the desire to travel had a positive...
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Focus on strengthening direct producer sales
Date: 2024-11-22 10:30:22
Sustainability is a key issue in all areas of our lives today. From an economic and social perspective, the development of food supply chains that, while strengthening the local economy...
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