News and articles
MNB: household debt increased by 15.6 percent in 2019
Households’ loans increased by 957 billion HUF from last year’s 338 billion HUF to 7,107 billion HUF at the end of last year. It is 15.6 percent higher than a...
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More than two hundred furmins at the Furmint February Grand Tasting
The visitors of the 11th Furmint February Grand Tasting can meet with one of the most important white grape varieties of the Carpathian Basin at the Hungarian Agricultural Museum on...
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Retail sales in the euro area declined unexpectedly
In December last year, retail trade volumes in the euro area fell more than expected. It is the largest decline since March 2008, and did not reach the expected growth...
Read moreConsumer price growth in Germany accelerated in January
Consumer prices in Germany rose at an accelerating pace in January, bringing inflation closer to the European Central Bank’s target, but the numbers are still not convincing enough for the...
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Hospitality 4.0: Sustainability and innovation help maximize hospitality and profit
Research has shown [1] that consumers are increasingly open to innovative and sustainable hygiene solutions, and that their application can contribute to the competitiveness of the hospitality industry. The new...
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Aldi opens £64m East Midlands distribution centre
Aldi has just opened its newest and largest distribution centre in Sawley, Derbyshire, supplying over 80 stores and providing jobs for more 400 local residents. The £64 million site, which...
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Is the planet approaching “peak fish”? Not so fast, study says
Global fish production will continue to expand over the next decade even though the amount of fish being captured in the wild has levelled off and aquaculture’s previously explosive growth...
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Alibaba-backed fund to build HQ in Saudi ‘media city’
Saudi Arabia has signed an agreement with a fund linked to China’s Alibaba to build a new headquarters in a “media city” in the kingdom’s capital. The minister, Prince Badr...
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Starbucks Delivers: 33 new markets added
Starbucks Coffee Co. is now offering its Starbucks Delivers on-demand delivery service to 49 markets in 29 U.S. states. The coffee giant plans to expand delivery to nearly all U.S....
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Magazine: International Food and HoReCa trade show
Sirha Budapest is the most important regional event for the representatives of the food, baking and confectionery industry, the HoReCa sector, and the world of packaging and gastronomy. Last time...
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(HU) Átadták a Sirha Budapest Innovációs díjakat
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AM: Hungary received 360 billion HUF in support of the food industry development between 2014 and 2020
The Hungarian food industry received more than 360 billion HUF in support between 2014 and 2020, and the next seven-year development plan of the agricultural ministry will pave the way...
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Lidl Magyarország and Aldi will both increase salaries this year
Lidl Magyarország will spend 7.3 billion forints and Aldi 2.5 billion forints for salary increases this year – the companies told MTI on Tuesday. Over the past two years, Lidl...
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Three quarters of the households do not feel financially stronger despite real wage growth
In a survey sent to MTI on Tuesday, GKI notes that between 2014 and 2019, nominal earnings increased by more than 60 percent and real earnings by almost 50 percent....
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Sustainability is also rewarded at the Bocuse d’Or Budapest Finals
The Hungarian final of the Bocuse d’Or Cooking Competition will take place on 5 February, where it will be decided who among the six finalists will represent our country in...
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All detergents tested by ITM were compliant
All 19 detergents that have undergone consumer protection testing by the Ministry of Innovation and Technology’s (ITM) chemical laboratory have met the specifications. According to an ITM announcement published on...
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The profit and sales of Zwack Unicum decreased
Zwack Unicum Plc.’s first-quarter after-tax profit for the first three quarters of the 2019-2020 fiscal year was 1,964 billion HUF, 41.2 percent lower than the 3,340 billion HUF basis the...
Read moreSufficient quantities of spring cereal seed this year
The Seed Association Interprofessional Organization and Product Board announces a net price of 105 thousand HUF for spring barley and spring oats II grade reproductive seeds. According to the organization,...
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The Fény Street Market is in trouble
The 2nd District Municipality gathers the opinions of the locals on the Internet and in public forums on what the fate of the Fény Street Market should be – hvg.hu...
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The donut festival in Nagykanizsa to be expanded to three days
The donut festival in Nagykanizsa to be expanded to three days and Zalakaros will also host programs as a new venue for the Nagykanizsa National Carnival Donut Festival, which attracts...
Read moreGDPR: more fines, but there are still few well-prepared organizations
The total amount of GDPR fines imposed on companies operating in Hungary exceeded 140 million forints. Most companies violate the principle of personal data processing, which has been penalized 58...
Read moreUS economic growth rate was lower than 3 percent last year
The Trump administration did not reach the 3 percent growthtarget for the US economy last year as corporate investment declined even more amid trade tensions. The Department of Commerce’s statistical...
Read moreE-commerce in Romania increased by 22 percent last year
E-commerce in Romania grew 22 percent last year to 4.3 billion euros, according to a report published on Tuesday. It is estimated that last year Romanians made an average of...
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(HU) A fejes káposzta lett a kötelező zöldséghozzávaló a Bocuse döntőn
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Alibaba’s Freshippo sales soar during virus outbreak
While a number of multinational chains including Starbucks, Ikea, Levi’s and Apple are shutting stores, sales are soaring for Alibaba’s fresh-food chain Freshippo in the wake of the coronavirus outbreak....
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Retailers urged to ensure vegan fashion is 100% animal-free
New guidelines have been set to ensure that vegan fashion is really 100 per cent free of animal products. The guidelines, set by the BRC, come after the trade body...
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Groupe Casino Teams Up With Beyond Meat
Groupe Casino has signed an agreement with Beyond Meat, which will see the plant-based producer’s products go on sale at Monoprix, Franprix, Géant and Casino Supermarchés as of February. The...
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Magazin: We shouldn’t turn our backs on plastics
According to Miklós Nagy, secretary general of the Hungarian Association of Packaging and Materials Handling (CSAOSZ), lots of negative information has been circulating in the media about packaging, especially plastic...
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(HU) Benvenuti al Sud! Dél-Olaszország ízei a SIRHA Budapest-en
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Read moreAccording to GKI, the economy may grow by 3-3.5 percent this year
The Hungarian economy expanded last year at around 5 percent, one of the fastest in the European Union. Overall, the October-November data do not yet indicate a slowdown, but the...
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