News and articles
Mastercard’s instant payment service is ready to take off
At the end of August Mastercard announced the Hungarian launch of its Pay by Account service. As of 1 January 2021 a law that has been passed recently makes it...
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Official social media page for Hungarian wines
The Agricultural Marketing Centre (AMC) and the Hungarian Tourism Agency (MTÜ) have teamed up to start collective wine marketing activities in social media, under the ‘Wines of Hungary – Personally’...
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Protection for Hungarian wines
Adulterated wines from outside of Europe that turn up in European shops harm the sales of Hungarian wines very much. It is the national economy’s interest to protect Hungarian wines...
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Coronavirus pandemic generated record-level sales growth in e-commerce
According to a joint survey by GKI Digital and Árukereső.hu, in the first six months of 2020 domestic online sales exceeded gross HUF 355 billion, which constitutes a 35-percent growth...
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Shopping experience and stable operation is the key to success in e-commerce
Between mid-March and the end of April more than 50,000 new shoppers appeared in e-commerce, while the average order value and the number of basket items both grew – reveals...
Read moreExperience, but a frustrating one
For 58 percent of the nearly 3.5 million online shoppers shopping in the digital space is a frustrating experience – reveals the Mastercard-commissioned Payment Experience Report. The report points out...
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Hungarian products promoted on Coop Days
On the COOP Hungarian Day events of Tisza-Coop Zrt. the products of Prima Maroni Kft., Ceres Zrt., Abonett Kft., Gyulahús Kft. and Sofidel Hungary Kft. were in the spotlight. Tisza-Coop...
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New owners at Gallicoop
Three Hungarian private equity funds, Takarék, Béta and Status Food have become the 100-percent owners of Gallicoop Zrt., the company announced in a press release on 11 September. The new...
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Lidl committed itself to reduce the use of microplastics
Beyond the consistent work to reduce the use of microplastics in its private label products, Lidl has set itself in a statement to eliminate the use of microplastics in the...
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Mountain villages: there will be less wine this year, but can be an excellent vintage
This year, the harvest began in all wine regions later than last year, with 15-20 percent yield loss expected for varieties affected by drought and spring fros – Légli Otto,...
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Trend change is around the corner in freight transport
The pandemic is likely to generate a trend change in freight transport: while Hungarian – mainly international-destination – road transport produced a major drop in the first half of 2020,...
Read moreOnline marketplaces can save Hungarian businesses
During the pandemic, more than a third of SMEs increased their sales in online marketplaces, according to representative research by GKI and eMAG. The survey examined, among other things, how...
Read moreFocusing on food chain safety
The Chief Veterinary Officer (CVO), thus the entire food chain supervision is directly subordinated to the Minister of Agriculture as of October 1, 2020. In the future, Dr. Lajos Bognár...
Read moreGKI: half of the teleworkers workked for a company based in Budapest or Pest County in September
In September, GKI Zrt. conducted a survey of the domestic employment situation among Hungarian enterprises. The questions were answered by 820 companies, the survey did not cover large multinationals. Compared...
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There is a special tax risk in the home office
Because of the coronavirus, a significant number of companies have switched to working from home. However, home office processes designed without due diligence can involve significant tax risks – EY...
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Mobile apps – Nike in 3-digit growth
Mobile experiences have become a vital part of Nike’s marketing strategy, providing a direct sales channel and a way to maintain one-to-one relationships with its most loyal customers. Nike drives...
Read moreFrostkrone launches new free-from range, Green Date
Frostkrone Food Group has launched a new free-from product line under the Green Date label inspired by fresh green vegetables. The products are not pre-fried and are free from gluten,...
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Student display competition 2020
POPAI Student Design Awards student display competition was announced this year, organized by POPAI Hungary in cooperation with Zewa as theme sponsor and the main sponsor of SPAR Group. Online...
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Master Good Kft. Is building workers’ accommodation at its two sites
The Kisvárda-based Master Good Kft., which deals with poultry processing and builds workers’ hostels, handed over the certificate of support for the 584 million HUF investment to the company’s representatives...
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Analysts: dynamic wage increase remain this year
Until the end of this year, the rate of wage growth will remain around 10 percent, which will also be helped by the composition effect, with the exclusion of part-time...
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MediaMarkt makes all its stores accessible
All MediaMarkt stores will be renewed as part of a long-term plan. During the renovation project, all stores will become a certified barrier-free location in collaboration with Access4you. Access4you is...
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New CEO at the lead of the Hungarian Branch of Cofidis
From December 2020, Jean-François Rémy, the former CEO of Cofidis in the Czech Republic, will take over the position of CEO of the Hungarian Branch of Cofidis. He replaces Holló...
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Aldi UK launches PL liquid cleaning concentrates and reusable bottles
Under its own Power Force label, Aldi UK rolls out recyclable cleaning concentrate liquids and reusable spray bottles that can be refilled up to four times without compromising on the...
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Constellation Brands acquires the American brandy company, Copper & Kings
For an undisclosed sum, Constellation Brands has bought the Kentucky-based American craft brandy company, Copper and Kings, whose portfolio includes also absinthe, gin and Destillaré liqueurs. The acquisition that followed...
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Leader in change management
Ágnes Kovács, managing director of Sió-Eckes Kft. won the Change Leader award in the Sustainable Future programme of the Business Council for Sustainable Development in Hungary (BCSDH). The main reason...
Read moreTesco tests drone deliveries in Ireland
In an effort to reach ever more customers, Tesco trials drone delivery in Ireland, where its partner, Manna has already received a licence. The trial is limited to a few...
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No more plastic lid on Penny’s 500gramm yoghurt cups
Penny removes plastic lids from its private-label 500 gramm yoghurt cups, thereby eliminates some 50 tons of plastic waste in its yearly operations. In return, the German discounter offers its...
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Dinner in 20 minutes from Valdor!
Hungerit Zrt. has put a new ready-to-cook dinner on the market. Valdor Fresh marinated meats with various side dishes can be prepared simply, in just 20 minutes. There are four...
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Pampers campaign to help premature babies
Pampers Hungary has been helping pre-term baby care in Hungary for years, by donating special nappies to most premature baby intensive care units in the country. In its latest campaign,...
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Cofidis: people spend an average of 15,000 forints a month on health products
In Hungary, people spent an average of 15,000 HUF a month on the purchase of health-related products, mostly medicines, according to the August Cofidis Credit Monitor. According to the credit...
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