News and articles

Brexit: Restaurant and steel industrial bankruptcies in Great Britain

The restaurant chain of Jamie Oliver, one of the world’s most popular chef and one of the largest British steel company the British Steel is expected to bankrupt. The two...

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Trade history exhibition at BGE KVIK

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EY study reveals US CEOs and business leaders are AI optimists

A study of US CEOs and business leaders, conducted by EY, revealed that most senior executives (85%) classify themselves as artificial intelligence (AI) optimists, citing increased investment and trust in...

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The Collective introduces first cocktail-inspired yogurt flavour

Dairy brand The Collective is celebrating the start of summer in the UK with the launch of a piña colada yogurt, the first in its lineup of cocktail-inspired flavours that...

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More Than Half Of Fruit And Vegetables Now Packaging-Free At Edeka

Germany retailer Edeka has said that more than half of the products in its fruit and vegetable department are now free of plastic packaging. The retailer has been working on...

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All Eyes On Amsterdam As PLMA World Of Private Label 2019 Kicks Off

With around 2,700 exhibiting companies taking part and 15,000 trade professionals from 120 countries set to attend, this year’s PLMA World of Private Label, which kicks off today (21 May)...

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Magazine: ‘The world has turned upside down’

Ákos Kozák (GfK) about the digitalisation process. Ákos Kozák, managing director of GfK told at a press meeting in March that the shopping habits of Hungarians had started to change...

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The CIB Bank expects slowing growth and rising inflation by 2019

This year, CIB Bank expects economic growth of around 3.5 percent, with stable inflation above three percent, however, with unchanged central bank base rate – Trippon Mariann, chief analyst of...

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ALDI will open a temporary business at another festival

In 2016, ALDI first opened a pop-up business at a music festival, and will be attending five major events this summer. This year, the store chain is preparing with an...

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The wealth of Hungarian households has grown

The wealth of Hungarian households has increased compared to the previous quarter, within which the amount of cash deposits has decreased – origo wrote on the basis of the data...

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Producers in Tolna County have sown maize at a larger area

Producers in Tolna County have sown maize at a larger area, compared to last year. The rainfall in May was good for the spring-sown crops and the development of autumn...

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International freight traffic would be directed to a new half ring road

The government initiated the construction of a new half ring road to direct international freight traffic more efficiently, by relieving sections of the M1, M0 and M5 motorways around the...

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Pistachio harvest needs police protection

Sicily is home to the world’s most-prized variety of the seed – the pistacchio verde di Bronte, or green pistachio from Bronte. Centred on the town of Bronte, the pistachio...

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NAV: what will be the fate of the seized products?

The National Tax and Customs Office (NAV) reported in a fresh Facebook post about what is the fate of the seized products – privatbankar.hu wrote. There are several solutions available...

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A tracking system follows the movement of illegal tobacco products

A new EU monitoring system came into force on Monday, recognizing the movement of non-legally produced or illegally introduced tobacco products within the EU by means of a unique identifier...

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Amazon Go reconsidered its cashless shop

Amazon Go’s twelfth cashless store was opened in New York early this month and contains more modifications than before – origo wrote after Business Insider. The retail giant’s cashless stores...

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Economic growth accelerated in the euro area in the first quarter

Economic growth accelerated in the euro area and in the European Union in January-March, compared to the last quarter of last year. Hungary’s economy increased the most within the Member...

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A national wine roadshow was launched to present the Hungarian wine brand concept

The Hungarian Tourism Agency (MTÜ) launched the Hungarian wine roadshow to present the Hungarian wine brand concept – Németh Anna, Deputy CEO of MTÜ sad on Monday in Budapest, at...

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Why the legal function must be reimagined for the digital age

The EY global survey finds that legal functions must change their operating models to maximize value from digital transformation. The recent EY legal operations survey of 1,058 senior legal practitioners...

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Mars Petcare creates new grain-free pet foods

Mars Petcare is bringing a new high-protein, grain-free line of food to the pet aisle with its new Crave brand. The brand portfolio includes 12 recipes across dry dog, dry...

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Budapest sells city cards in China

Based on an agreement between the Budapest Festival and Tourism Center (BFTK) and the Artificial Intelligence Worldwide Travel Chain (AIWTC), the Chinese company operating a worldwide travel platform undertakes to...

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Coca-Cola integrates “Sip & Scan” technology into summer bottles and cans

This summer, Coca-Cola will give consumers the chance to win more than 150,000 exclusive prizes by using their mobile phones to scan the “Sip & Scan” icon on cans and...

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Sainsbury’s to cut down on plastic usage following intense scrutiny from Greenpeace

In light of mounting pressure to eliminate unnecessary and unrecyclable plastic by 2020, second largest UK supermarket chain Sainsbury’s has vowed to step up its sustainability game. Reportedly, it will...

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Coop Italia Launches Campaign For Pesticide-Free Fruit And Vegetables

Coop Italia has launched a campaign to eliminate pesticides from Coop-branded fruit and vegetables. The retailer aims to gradually remove four types of herbicides, including glyphosate, from its own brand...

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Magazine: A reform era

According to Brigitta Kosaras, brand manager (Maggi) of Nestlé Hungária, in the market of spices and sauces the summer months are better than the rest, and the same is true...

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Since ehen is supper cut into cubes?

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Nagy István: profit in the food industry almost doubled in five years

The profit of the Hungarian food industry has almost doubled in the past five years, and the high quality Hungarian raw material is an essential part of its success –...

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London analysts: domestic consumption offsets the weakening of external demand

According to London financial analysts, the strong domestic consumption, which counterbalances the weakening of external demand, is the driving force behind the robust first quarter growth momentum of the Hungarian...

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We continue to stand up to the tax exemption for home-made pálinka

Hungary still does not support the taxation of home-made pálinka cooking, and at every forum stands for the European Union to allow tax exemption for the production of fruit distillate...

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