News and articles
No delays at post offices and couriers during the Christmas shopping fever
Luggages sent on 22 December can arrive for Christmas – a courier service assured the Origo Internet portal. During the Black Friday delays occurred sometimes, but those were only individual...
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Counterfeit toys caused more than 400 billion HUF losses to the EU
The counterfeit toys caused almost 1.5 billion euros (more than 400 billion HUF) annual revenue loss in the Member States of the European Union. It is about 12 percent of...
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The EU has extended the economic sanctions against Russia
The European Union moved on Friday to extend economic sanctions against Russia for six more months for its annexation of Crimea and support for separatists in Ukraine, even as European...
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More than a hundred thousand kilograms of donations were gathered this year in the Santa Claus Factory
This year, more than a hundred thousand kilograms of donations were gathered in the Santa Claus Factory, which closed its doors for the weekend, but due to the high level...
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Food Muster at the University of Kaposvár
Twenty-two local small producers presented their products at the University of Kaposvár. The products were qualified with Kaposvár kincse (Treasure of Kaposvár) trade mark – the Magyar Idők wrote. The...
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The Nébih found pesticide residue above the limit in Turkish mandarins
The National Food Chain Safety Office (Nébih) found pesticide residue above the limit in mandarins with Turkish origin, therefore launched proceedings – the Nébih informed MTI on Monday. According to...
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Carlsberg to cut 2,000 jobs
Due to the weakening of the Russian market Carlsberg decided to cut operating costs by USD 288 million until 2018. The management will become 15 percent smaller and the brewer...
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Bigger budget for Hungaricum products
At the moment the annual budget for supporting Hungaricum products is HUF 500 million. The Ministry of Agriculture would like to increase this sum in the years to come –...
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Lower yield because of the drought
According to USDA and IGC, this year’s corn yield will be 4 percent lower than in 2014-2015, at about 970 million tons. Because of the summer drought the European Union’s...
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Positive expectations about the end of the year in online retail
In e-commerce the Christmas season starts with the so-called Black Friday, held at the end of November. This year three quarters of Hungary’s online shops take part in the campaign:...
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Share in sales changed for four store types
Battery retail sales were between HUF 4 and 5 billion in the last two January-October periods. Value sales fell by 1 percent and volume sales also dropped 1 percent. The...
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Spar success in Africa
Spar Group of South Africa increased sales by 5.6 percent last year, while the company opens more and more stores in Ireland and in the Netherlands. Net sales grew from...
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Magazine: The colourful world of white goods
According to market research data, Hungary’s large household appliances (also called white goods) market keeps growing – we learned from Zsolt Belényesi, domestic sales division manager of Electrolux Lehel Kft....
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OKSZ-Secretary-General: retail revenue in December may exceed 950 billion HUF
According to the Secretary-General of the National Retail Federation (OKSZ), retail turnover may be higher than previously estimated: it can even exceed 950 billion HUF in December. Vámos György Secretary-General...
Read moreRetail trade continued to expand
The volume of retail sales increased by 4.1 percent in an annual comparison in October after the 5.1 percent rise in September, while the calendar adjusted data shows a 4.6...
Read moreNGM: the rise of retail sales is unstoppable
The increase of retail sales is unstoppable in Hungary. The expansion lasted in October for the 29th consecutive month – the Deputy Minister of State of the Ministry of National...
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Winter food chain controls: more than 12 million HUF fine so far
During the winter seasonal food chain controls a total fines of 12.3 million HUF were imposed in 87 cases. Bognár Lajos, Minister of State of the Ministry of Agriculture told...
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Fish Farmers: carps are the most popular
Before Christmas the most sought fish is still the carp, however the consumers are increasingly looking for ready to cook fish fillets – the president of Mahal told MTI. Németh...
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Wages increased by 4.8 percent in October
In October 2015, the gross and net average earnings increased by 4.8 percent, compared to a year before. Without counting the public workers the increase was 5.6 percent compared to...
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Two thousand volunteers are taking place in the “Giving is a joy!” Action
The volunteers of the Hungarian Maltese Charity Service are collecting donations in 162 stores of the SPAR Group since 16 December. Last year, 262 tons of perishable foods were collected...
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Five Hungarian companies among the region's 500 fastest growing companies
Five Hungarian company are among Deloitte Technology Fast’s EMEA region (Europe, Middle East and Africa) ranking list of the 500 fastest growing companies this year. The Central and Eastern European...
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Food safety with a little help from Mars
Mars and FAO have signed a cooperation agreement: the two parties aim at calling attention to the importance of food safety in developing countries. Mars vice president Dave Crean told...
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Major developments by Starbucks
Starbucks’ revenue grew less than expected in the last quarter because the coffee company spent a lot on increasing the level of its services. In September they launched mobile ordering...
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Baby formula boom to occur in China
Danon and Nestlé shares increased their values instantly when the Chinese government announced that families would be allowed to have more than one child. At the moment the Chinese baby...
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Small Auchan stores will open in Russia
Auchan will open small shops in Russia, where they already have four hypermarkets. The small stores will be called Kazhdy Den. Auchan decided to make this move because competitors Da!...
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The Formatex toy dealer expects nearly 10 percent increase in turnover this year
The toy dealer and importer Formatex Kft. this year expects a net sales revenue of 3.837 billion HUF, which is equivalent to almost 10 percent increase over the last year...
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Back to the summer
Another new flavour appears in the XIXO ice tea portfolio in the autumn of 2015. XIXO lychee green tea was one of the successes in the summer. This time the...
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Tin opening with hand – Video of the Day
Since we heard that during cold winter of 1922 the wolves came up close to Budafok (we also learn from zombie films), we cannot ignored any survival techniques. That is...
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More and more people use the SZÉP-card on Sundays
The Sunday use of the Széchenyi Rest Cards (SZÉP-cards) increased by twenty percent this year compared with last year. Ruszinkó Ádám Deputy Minister of State of the Ministry of National...
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Strong third-quarter performance from Henkel
Henkel produced a significant sales and profit growth in the 3rd quarter: sales improved by 8.4 percent to EUR 4,590 million (from this organic growth was 3.2 percent) and operating...
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