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KSH: growth rate of retail sales consolidated in April
In April, the volume of retail sales grew by 3.5 percent according to the raw data, while calendar effect adjusted, mainly due to the Easter effect increased by 2.0 percent...
Read moreVisegrád countries: EU’s food independence had to be ensured
An Extraordinary Meeting of the Agrarian Chambers of the Visegrád Four Countries (V4) was held on 1-2 June 2017 in Nadarzyn, near Warsaw. The Agrarian Chambers of the Visegrad Four...
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A 110-day promotion campaign was launched by the 110-year-old Theodora
Hungary’s historic mineral water is 110 years old. Theodora’s bottler, the Szentkirályi-Kékkúti Mineral Water Ltd. launched a 110-day promotion on the occasion of the jubilee anniversary. The campaign focuses on...
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HIPA’s President presented the Competitiveness Improvement Package to large companies
Ésik Róbert, Chairman of the National Investment Agency (HIPA), a member of the National Competitiveness Council presented a package of proposals compiled to improve the competitiveness of Hungary with improving...
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The New Gluten-Free Product of the Year award was handed over
The New Gluten-Free Product of the Year award was handed over. The recognition of the National Advocacy Association of Celiacs was handed over to the Chocolate Sour Cherry muesli bar...
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The Hungarian SMEs could meet with business development services within the series of events of MNKH and EEN
The Hungarian National Chamber of Commerce (MNKH) and the Enterprise Europe Network (EEN) organized a seven-station series of events for the enterprise development of the Hungarian SMEs. In the framework...
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The African swine fever (ASP) appeared near the Hungarian border
Again, the African swine fever (ASP) appeared near the Hungarian border; The virus was detected from a wild boar shed in Beregújfalu. The incident was notified by the Transcarpathian authorities...
Read moreGrowth in retail sales slowed in the Czech Republic
In April, retail sales in the Czech Republic rose by 2.7 percent year-on-year, after the 8.7 percent of March – the Czech statistical office (CSÚ) reported in Prague. Retail sales...
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Waberer’s would go to the Stock Exchange
The Waberer’s International Inc. reapplies the introduction of the company’s ordinary shares to the Budapest Stock Exchange (BSE) in the premium category; The company expects to invest 50 million euros...
Read moreGlobal air cargo and passenger traffic increased
According to the data of the International Air Transport Association (IATA), air cargo and passenger traffic increased significantly in April compared to the same period of last year. According to...
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2017 BrandZ Top 100 Global Brands
The 2017 BrandZ™ Top 100 Most Valuable Global Brands ranking and report has now been published by WPP and Kantar Millward Brown. In its 12th year, this is the most...
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Is Europe about to recover?
Pro-Europe candidate Emanuel Macron won the French presidential election, beating far right politician Marine Le Pen, who represented a threat to both regions and markets. Macron’s win reduced the risk...
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Favourable price and quick service is the key to sharing economy
The “sharing economy” is a term frequently incorrectly applied to ideas where there is an efficient model of matching supply with demand, but zero sharing and collaboration involved. Platforms such...
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Magazine: Consumers expect more from yogurts
In the past few months plain yogurt sales decreased in value and stayed put in volume, while fruit yogurt sales didn’t change in value but reduced in volume. Henriett Szabó-Spanyol,...
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The SME lending grew by 12 percent in 2016
Corporate lending increased in 2016 in an extent has not seen since the crisis. Corporate lending increased by 4 percent. The SME loan portfolio increased by 8 percent, and extended...
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Charity football tournament organised by dm
Drugstore chain dm and its partners organised the 3rd dm Charity Football Tournament on 6 May in Törökbálint Aréna. The event collected HUF 3 million for Bravery Camp, the foundation that...
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VAT and its effects
When the new VAT rates were introduced in January, many thought that the 5-percent VAT on poultry, fresh milk and eggs would result in a market restructuring, e.g. consumer demand will increase for these products,...
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Tesco, Coop and SPAR are the top three retailers in 2016
TESCO is still Hungary’s biggest retailer, with an estimated annual turnover of HUF 790 billion, followed by COOP in Trade magazin’s FMCG retailer ranking in 2016. SPAR finished at the...
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Large stores with a high market share
Between April 2016 and March 2017 fruit yogurt sales exceeded HUF 37 billion. Value sales didn’t change in the examined period but volume sales decreased by 1.3 percent. Plain yogurt...
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Milk Product Board: milk production grew by 10 percent over the past three years
Over the past three years, there has been a clear improvement in the dairy industry in Hungary, as domestic milk production grew by 10 percent between 2013 and 2016, the...
Read moreNew Gozsdu Courtyard opens in Eger, and the star wineries are also taking part
Those people who visit the Eger wine region will find exciting developments. The Wineries are increasingly linked to (wine) tourism, and outstanding items can be found at the less known...
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What are we going to drink this summer?
As the summer approaches, we need to pay more attention to hydration, to ensure the body’s liquid needs. According to a recent surveys, we are choosing drinks more and more...
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Pártos Zsolt is the new managing director of Tesco
The Tesco-Global Áruházak Zrt. appointed a new executive director in April 2017. The job of Pártos Zsolt is to maximize the customer experience and to improve the efficiency of the...
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The MAM-Hungária Kft. the producer of baby products increases its production capacity by a quarter
The MAM-Hungária Kft. will increase its production capacity by 25 percent this year in its factory in Vaskeresztes – the director of the factory told MTI. Kiss Katalin said that...
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Hungarian cheese on the threshold of world fame
It was a great honor for the last year’s winner of the SZEGA Nations International Cheese Tournament, the Ranolder that the domestic brand was invited to compete among the finest...
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Hungary is the guest of honor of the international food trade fair opened in Warsaw
Hungary is the guest of honor at the Warsaw Food Expo 2017, an international food fair opened in Nadarzyn, near Warsaw on Thursday. The Warsaw Food Expo was organized on...
Read moreFifty kinds of beer at the 5th Veszprém Beer Festival
Nearly fifty kinds of beer products of twelve small and international breweries, concerts and children’s programs are waiting for the visitors of the 5th Veszprém Beer Festival from 15 to...
Read moreLondon analysts: we can expect strong growth in Central Europe
According to London’s financial analysts, the fresh factory activity figures in the emerging European region indicate that the strong growth in Central European EU economies continues. The economists of Capital...
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NGM: researchers won 7.6 billion HUF grant
Twenty research institutes have won a development aid of 7.6 billion HUF in the framework of two calls from the Competitive Central Hungary Operational Program (VEKOP) – Rákossy Balázs, Minister...
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German multinationals want standardised online identification
Leading German multinational companies wish to develop a multi-industry technological platform that would make standardised online registration, electronic identification and other data services available to companies. The new solution could...
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