News and articles
Analysts: earnings outperformed expectations
Earnings surpassed expectations last November, according to analysts interviewed by MTI, and this year is likely to be above 9 percent. Horváth András, senior analyst at the Savings Bank, emphasized...
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Food producer prices have risen well above the average
In December last year, industrial producer prices increased by 2.4 percent year-on-year – the Central Statistical Office (KSH) announced on Monday. Domestic sales prices increased on average by 3.3 percent,...
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Baba appears in a new segment with the Premium Natura Shower Gel
Celebrating its 100th anniversary, Baba is rejuvenating its portfolio – and its target audience – with new shower baths. The new products are shelved under the name Baba Natura and...
Read moreThe Purchasing Manager Index decreased in January
The seasonally adjusted January Purchasing Manager Index (PMI) became 52.5. It is lower than the 53.9 of December and it is the fifteenth highest since January 1995, the Hungarian Logistics,...
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Coca-Cola’s revenue increased
The flash report season in the United States continues. Coca-Cola published its figures for the last quarter of 2019 – Világgazdaság Online wrote. The beverage giant was finally able to...
Read moreGerman retail trade union urges constitutional amendment due to Sunday closing rules
The German constitutional law needs to be amended because of the regulation on Sunday store closure – the head of the Handelsverband Deutschland (HDE) told on a Friday. While online...
Read moreThe EU offers duty-free trade to Britain
The EU offers London an agreement on trade free of duty and quotas. This could be the central pillar of the partnership between the Union and Britain, privatbankar.hu quoted EU’s...
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(HU) FAO: Az intenzívebb időjárási sokkok milliókat életét keserítik meg Afrika déli részén
Sorry, this entry is only available in HU....
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Biokontroll: Not everyone passes the test
According to Zsolt Kanyó, the head of Biokontroll Hungária Nonprofit Kft.’s development department, the size of land used for ecological farming is approximately 300,00ha in Hungary – about 6 percent...
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Nordstrom’s in-store resale shop
Nordstrom is the latest department store retailer to tap into one of retail’s fastest-growing markets: previously-owned clothes and accessories. Nordstrom has launched, See You Tomorrow, an online and in-store resale...
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Tech firms including Alibaba donate US$432 million to boost frontline efforts in Hubei province
Thirty information technology and new economy companies, including Alibaba Group Holding, Tencent Holdings and Meituan Dianping, have together donated more than 3 billion yuan (US$432.5 million). Earlier, Country Garden and...
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Dutch supermarkets use “dry mist” to keep fruits and vegetables fresh
Shoppers in the Netherlands have become accustomed to seeing fresh produce shelves covered in a layer of fine ‘dry mist’. But why? To keep fruits and vegetables fresh for longer,...
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Magazine: Supermarkets can use private label products as a weapon
The Private Labels Manufacturers Association (PLMA) has a monthly news programme at PLMALive.eu, called Newsdesk, and our magazine now presents to you the highlights of the October edition. In the...
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Public cash stock set a record high
It has increased by 102.5 billion HUF in December and reached 6,627 billion HUF by the end of the year. The public cash stock in Hungary is an average of...
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Earnings increased by 13.9 percent in November last year due to bonuses
As a result of non-recurring salary items – last November, average gross earnings were 403,500 HUF, 13.9 percent higher than a year before – the Central Statistical Office (KSH) announced...
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Demand for the quality wines of the Varga Winery increased last year
The Varga Winery sold more than ten percent more wine last year than a year before. Within that, premium wine sales rose to fifty percent, with around 800,000 bottles sold...
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The external trade balance remains in surplus
The euro value of exports rose 0.2 percent in November last year, while imports fell 0.3 percent year-on-year. The balance of foreign trade in goods improved by 44 million euros...
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Black mangalica has become a protected, indigenous breed
The black mangalica was recognized by the Ministry of Agriculture in June 2019 as a stand-alone breed, and an amendment to the zootechnical regulation issued at the end of January...
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40 thousand hectares of wetlands have been renewed from more than 20 billion HUF
In the 2014-2020 EU cycle, 40,000 hectares of wetland habitats have been reconstructed in Hungary through 34 projects – the Minister of State of the Ministry of Agriculture said on...
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Winter Specials at the Season Opener WAMP
WAMP offers the winter specials on the 9th of February at the season opening WAMP Design Fair, where the Rozmaring Hungarian Design brand will be introduced for the first time...
Read moreGerman retail sales were weaker than expected in December
German retail sales underperformed analysts’ expectations in December, year-on-year and month-on-month. The German Federal Bureau of Statistics, Destatis, announced on Friday that retail sales grew 0.8 percent year-over-year in December,...
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Euro area GDP grew less than expected
Euro area’s gross domestic product (GDP) grew less than expected in the fourth quarter, compared with the previous three months. The European Union’s Bureau of Statistics (Eurostat) first released estimates...
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Amazon’s rate is rising sharply thanks to the better-than-expected flash report
Amazon’s stock price has risen sharply after the fourth-quarter report of the company that has outperformed its rivals and became better than analysts’ expectations and forecasts. The stock price of...
Read moreSeveral large companies operating in China have introduced precautionary measures
A number of international corporations operating in China have introduced precautionary measures to curb the spread of the new coronavirus outbreak, according to reports released by the companies. Facebook has...
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Swiss watch exports increased
Switzerland’s watch exports rose year-on-year in December, partly due to the expanding Chinese demand, as well as being one working day more in the last month of last year, compared...
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Bye-bye sugar: When the goodbye is sweet
In 2018 there was 950 million litres of carbonated soft drink sold in Hungary (including flavoured waters and ice teas), which stands for more than 38 percent of total non-alcoholic...
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Major alcohol companies to introduce age-restriction labels
Liquor giants have pledged on Tuesday to introduce age-restriction labels and enforce tighter controls on online content to help curb underage drinking. Twelve of the major beer, wine and spirits...
Read moreIKEA: New Convenience Service
Ikea has announced it is expanding its home assembly service across 27 sites in the UK in a bid to offer customers a more convenient shopping experience. The Swedish DIY...
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Which brands have won with the meatball gate
On Monday, Lidl Hungary is likely to have created a historic post and launched a virality that has become known as the meatball gate. In a nutshell, lots of brands...
Read moreTesco opens stores at gas stations
Tesco recently opened a shop at a Shell gas station in the 9th district of Budapest, in the Haller Street – origo wrote. Three more stores at gas stations will...
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