News and articles

Lasting economic power

According to Péter Sebesta, president of the Association of Hungarian Deep-freezing and Canning Industry (MHKSZ), with its HUF 160-170 billion output the sector contributes about 10 percent of the Hungarian...

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GKI’s economic confidence index approaches a record level again

In November GKI’s economic confidence index neared its historic peak of September. In the business sphere the industry was the only segment where the confidence index didn’t rise. Willingness to...

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A flour-sensitive industry

According to Zsófia Pótsa, general secretary of the Hungarian Grain and Seed Association (MGTKSZ), the Hungarian milling industry processes less than 1.2 million tons of wheat a year. Just in comparison:...

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For the future

In the last few years ecological farming was developing fast in Hungary. Dr Péter Roszík, vice president of the Hungarian Biocontrol Association told our magazine that their mission is to represent...

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Dairy market turns from supply-driven to demand-driven

Zoltán Harcz, managing director of the Dairy Board informed us that the number of dairy cows increased by 1 percent in 2017. Milk production had been growing at the beginning of...

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More funding available in the fishing industry

Ferenc Lévai, member of the presidency of the Hungarian Aquaculture and Fisheries Interbranch Organisation and CEO of Aranyponty Zrt. told: in 2016 fish was cultivated in lakes covering an area of...

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Unilever’s acquisition in the USA

Unilever strengthens its hair and skin care portfolio by buying the brands of US company Sundial. New York-based Sundial realises annual sales of USD 240 million. The company plans further...

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Charcoal-coated toothbrush from Spar

Spar Austria has announced that they are launching a new private label toothbrush brand, called Beauty Kiss. The new toothbrush is covered with a natural cleansing agent, charcoal: it has...

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Coca-Cola makes a bid for Amazon customers

Coca-Cola keeps developing the online shopping experience, trying to increase online sales with special marketing efforts and offers. John Carroll, Coca-Cola’s general manager for e-commerce told: we are living in...

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Black Friday in Germany

According to the calculations of the German Retail Federation, the Black Friday and the Cyber Monday that followed resulted in EUR 1.7 billion worth of extra sales....

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Lidl is developing the fastest in the British market

Lidl has been the fastest developing retailer in the United Kingdom for five consecutive quarters. Lidl’s sales increased by 15.1 percent last year. The discount supermarket chain now has a...

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The poultry industry is booming again

Dr Attila Csorbai, president and managing director of the Hungarian Poultry Product Board informed that because of the bird flu more than 3 million chickens, ducks, turkeys and geese had...

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Croatian giant

Croatian consortium Agrokor performed better in every segment (food, agriculture, retail and wholesale) in the first three quarters of 2017. Sales revenue in retail and wholesale reached EUR 1.52 billion....

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Italian wines in Russia

Demand for Italian wines is growing rapidly in Russia. In the first eight months of 2017 sales soared by 45.6 percent. This year Russia became the sixth biggest market for...

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The state of play in the meat industry

Edit Menczel, secretary of the Livestock and Meat Interprofessional Organisation and Marketing Board (VHT) revealed that production prices in the pig sector grew in 2017, because of which processing companies...

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Cuban flavours from Nestlé

Nestlé has announced a new investment in Cuba: the company is going to build a factory 45km from Havana until 2019. Nescafé, Nestlé fitness snacks, Nesquik instant drinks and Maggi...

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Less for more

In the first nine months of the year Parmalat’s sales grew by 5.5 percent and the company closed the first three quarters with USD 4.839 billion revenue. However, volume sales...

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Premium beers sell well

Although total sales of Carlsberg decreased by 4 percent in the 3rd quarter, the category of premium beers did very well. Volume sales of Tuborg were up 5 percent, Carlsberg’s...

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Southern expansion

In 2017 SPAR invested approximately EUR 50 million in Croatia. The CEO of Spar Hrvatska stressed that the investments would continue in 2018. At the moment the retail chain has...

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Programmes at Sirha Budapest

Bocuse d’Or Hungarian final The international chef competition’s Hungarian final will take place on 8 February. In the prestigious competition the following chefs will compete to decide who will represent Hungary...

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They got used to success

Tibor Bial director Czech Trade Tibor Bial, director of CzechTrade’s Budapest office informed our magazine that they are present at 3-4 of Hungexpo’s trade exhibitions every year. These presences are always very...

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Tesco to sell nearly 8,500 tons of apples this year

This year Tesco is expected to sell 8,500 tons from 14 types of apple. Almost 90 percent of the apples sold in Tesco stores are supplied by growers from Szabolcs-Szatmár-Bereg and...

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Growth strategy transforms Invitech Solutions

Invitech Solutions – a member of the Invitel Group – wishes to increase its share in the domestic ICT market. To this end the company has created a single sales...

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Coupons on mobile

Mastercard launched the Priceless Specials programme in June 2015. It is now also available in the form of a mobile app. The app makes it possible to check it in...

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Southern Italy in focus

Marco Bulf director of the ITA office in Budapest ITA (Italian Trade Agency) is a network of trade offices ran by the Italian state. Its task is to promote products ‘Made...

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Kométa appoints new domestic meat product sales director

Due to the increase in sales turnover, Kométa will divide meat and meat product sales into two areas, which will be managed by two different directors. Newcomer Gábor Zab will...

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Automation at eMAG

The logistics centre of eMAG in Üllő, which was built 2 years ago and already operates on 21,000m², is waiting for this year’s Black Friday and Christmas periods with 600,000...

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Tobacco retailers ask for delaying the introduction of standardised packaging

On 7 November a conference was organised for National Tobacco Shop operators and their partners. It turned out that about 40-50 percent of tobacco shops are in a difficult situation, while...

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New version of NAK’s smartphone app launched

As a result of the first phase of the NAK APP 2.0 project, the services which were formerly only available on the NAK website can now also be used on...

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METRO gives car to happy winner

On 27 November László Török from Dunakeszi received the main prize of the METRO Winning Weeks prize game, a brand new TOYOTA Yaris Hybrid. Those METRO customers could participate in the...

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