News and articles

The Board of Directors of Zwack Unicum decides on the items on the agenda of the General Meeting

Zwack Unicum will not hold its annual general meeting convened on June 25, 2020, instead the company’s board of directors will decide on all issues on the agenda on that...

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CED announces a cross-border economic development tender

Within the framework of the Economic Protection Action Plan, CED Central European Economic Development Network Nonprofit Kft. is announcing a cross-border development tender with a budget of 25 billion HUF,...

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ITM: Economic actors are confident in recovery

Economic actors are confident in the recovery, job protection measures are considered proportionate to the challenge, and fewer and fewer people need state aid, the state secretary of the Ministry...

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Praktiker achieved record sales last year

Praktiker achieved record sales in 2019, with the DIY store chain closing 2019 with net sales of 67.88 billion HUF, which is about 18 percent more than the previous year’s...

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The majority of Hungarian companies were IT unprepared for the pandemic situation

Nearly two-thirds of the companies were unprepared to set up security requirements when the coronavirus outbreak broke out, according to a recent domestic survey by Panda Security for 30 years....

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Consumer sentiment improved in the euro area and the EU in June

In June, consumer sentiment in the euro area and the EU rose slightly more than expected, according to a survey by the European Commission’s Directorate-General for Economic and Financial Affairs...

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Tesco exits Poland and sells to Netto

Tesco announced the sale of 301 of its stores in Poland to Salling Group’s discount banner Netto. This includes the sales of two distribution centres, and it headquarters in Krakow,...

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What should FMCG companies and retailers pay attention to when negotiating?

It has a great impact on the negotiations between various actors in grocery retail that as of 1 May 2020 the Government Decree 109/2020. (IV. 14.) introduced a retail tax...

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How did JD.com stay on top of COVID-19 and manage millions of orders per day?

JD.com’s autonomous warehouses have the following two key technical advantages that became apparent during the coronavirus outbreak, enabling the company to respond quickly and meet surging demands for online orders...

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Carrefour France’s online and digital initiatives

From its launch of a voice grocery service with Google to enabling shoppers to self-scanning via smartphone and the introduction of its online marketplace Carrefour is driving its online and...

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Magazine: They keep moving

The coronavirus pandemic created major social and economic challenges that manifest globally. Dachser is present in 44 countries and in spite of the problems caused by COVID-19, the network of...

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Although pessimism declined further in June, it remained very strong

Although the GKI economic sentiment index rose by a larger extent in June than in May, it elimi-nated only a smaller half (44 percent) of its April fall. According to...

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NAV datas in 2019

According to NAV’s 2019 yearbook, the tax authority found problems, mainly due to VAT, but also due to the receipt giving – blokkk.com wrote. Still VAT is the main deficiency,...

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NAK: extreme weather causes serious damage to crop production

The first half of the year was extraordinary for crop production: the drought of more than two months and the spring frosts caused a serious loss in expected yields; the...

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Hungarian melons are already available

The Hungarian melon is already available in stores and markets, and in a few weeks it will be available in larger quantities in the open field, the National Chamber of...

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Winemaker of Winemakers award

The Competition has turned to the finish: on June 26, it will be revealed who will be the Winemaker of Winemakers in 2020, who will receive the Winemaker of the...

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The EU Court of Justice has ruled in a Hungarian VAT case

The Krakvet Polish company offered pet food for sale on its website of a Its customers came from many different countries, including Hungary. The company was informed by the Polish...

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UniCredit and the EIF are helping the economy to recover by supporting SMEs

UniCredit supports SMEs and mid-caps in nine Central and Eastern European countries, building on the measures taken to tackle the COVID-19 crisis through the EIF InnovFin Guarantee Facility. 1. The...

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There is no evidence to suggest that the virus would infect through food

There is no evidence to suggest that the virus would infect through food, the Chinese Epidemiological Center said on Friday after severely infected marine animals and cod were found in...

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Free rice vending machines help the poor in Vietnam

A Vietnamese businessman is installing free rice vending machines across the country. He wants to help those who are in a difficult situation due to the pandemic – origo wrote....

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Pollen was transported with soap bubbles to the fruit trees by Japanese scientists

A Japanese research team has managed to fertilize pear trees with pollen transported on the surface of soap bubbles, the BBC news portal reported. Due to the global decline in...

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Henkel reaffirms strategic focus on purposeful growth

Dividend proposal on prior-year level: 1.85 euros per preferred share New elections to the Supervisory Board and Shareholders’ Committee Four new members proposed for election to corporate bodies Robust performance...

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Coop isn’t slowing down

We asked László Pekó, chairman of the board of directors of CO-OP Hungary Zrt. and the company’s CEO Géza Tóth about the last year and the challenges of 2020. What...

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Reál concentrates on private label products

László Szili, commercial director of Reál Hungária Élelmiszer Kft. talked to our magazine about the positive feedback from shoppers and trade experts on the renewal of Reál’s private label product...

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PepsiCo Launches SodaStream Professional Hydration Platform In The US

PepsiCo has announced the launch of SodaStream Professional in the US that will offer customisable beverages in workplaces, college campuses and airports. The new platform is an extension of SodaStream,...

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Migros To Launch Plastic Packaging Collection Project

Swiss retailer Migros has announced plans to launch a new project that aims to facilitate the collection of plastic packaging from customers for recycling. The initiative, scheduled to be launched...

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Johnson & Johnson Drops Skin Whitening Creams

Johnson & Johnson has decided to stop selling skin whitening creams popular in Asia and the Middle East, it has said, after such products have come under renewed social pressure in...

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Magazine: The disruption of retail from 2019 to 2020

Hungarian consumer confidence was at 78 points at the end of 2019 – the European average was 86 points. At this time 38 percent of Hungarians were optimistic about their...

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The defense was successful, the time slots were deleted

The fight against the coronavirus pandemic was successful in Hungary, more successful than in many Western European states – Gulyás Gergely, Minister leading the Prime Minister’s Office said at the...

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Hungary has maintained its competitive position

In the international competitiveness ranking of the Swiss Institute for Management Development (IMD) and Economic Research, Hungary has maintained its position despite the global pandemic. It remains an attractive international...

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