News and articles
TNT in Northern Europe
TNT, one of the world’s leading express delivery services in the world, expanded its network in Sweden and Finland. The company also increased its delivery capacity in large business centres....
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Container distribution centre to be built in Csepel
In April logistics company METRANS Kft. announced building their Budapest-Csepel terminal, which will open in 2017 and employ 200 people. On 22 October Minister of Foreign Affairs and Trade Péter...
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New ways in marketing
According to a joint survey by IBM and CMO Club, large companies’ marketing activity has entered a new era: the emphasis is shifting from acquiring customers to keeping them, adopting...
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Grand Prix for DanOn
DanOn programme was rewarded in the CRM and e-CRM categories at the consumer marketing Grand Prix of French magazine Stratégies. Danone first launched its international CRM programme in Hungary, creating...
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Marriott International announced that it will acquire the Starwood Hotels & Resorts Worldwide
Marriott International has agreed to buy Starwood Hotels and Resorts within a 12.2 billion USD deal that will make it the largest hotel chain in the world. The boards of...
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The GVH examined the online hotel reservations market
The international online accommodation agencies generate competition in the market in Hungary, but it cannot be felt in case of the Hungarian-owned companies, so competition supervision proceedings may start against...
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Magazine: Vending machines: past, present and future
Estimation is that there are about 30,000-35,000 vending machines in Hungary. According to NGM decree 41/2014 (XII. 29.), operators are now obliged to pay a HUF 30,000 registration fee per...
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Nielsen: Hungary’s food retail sales increase continues to be on podium
Hungary is on podium again in the ranking of the European food retail growth. In Hungary, the retail revenue rose by 5.8 percent from foodstuff and household chemical products in...
Read moreAnalysts: the slowdown in growth is appropriate to the expectations
The slowdown in economic growth in the third quarter is appropriate to the expectations – according to analysts polled by MTI, who expect a growth below 3 percent throughout the...
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Russian economic relations are changing
There is still a possibility of delivering Hungarian products to the Russian market, but compared to the period before the embargo Hungary should focus on other sectors – Ducsai-Oláh Zsanett,...
Read moreHigh competition for the “Winemaker of the year in Hungary” title
The Hungarian Wine Academy to hand over Hungary’s oldest and most prestigious wine professional recognition this year for the 25th time. Numerous winemakers, professionals, restaurant managers, sommeliers and chefs have...
Read moreGfK: slowing the growth of long-term technical goods market
The sales of durable technical goods increased by 3.0 percent in this year's third quarter compared to the same period of the last year in Hungary. The total turnover amounted...
Read moreThe tobacco store supplier created nearly fifty new jobs in Zalaegerszeg
In its newly designed logistics center, the National Tobacco Store Supplier (Országos Dohányboltellátó (OD) Kft.) has created 45 jobs. The company is planning further staff increase. At Monday's media tour...
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Consumer prices rose in the euro zone and stagnated in the EU
According to the data, the EU’s harmonized index of consumer prices (HICP) in the euro area was 0.1 percent in October after the 0.1 percent decline of September in an...
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Jackfruit pálinka at the model farm in Uganda
A Hungarian business delegation is negotiating in Kampala of the possibilities of economic cooperation between Hungary and Uganda – globoport.hu wrote. After the successful negotiations it became apparent that the...
Read moreA weapon was found at an illegal distillery
The finance guards of the National Tax and Customs Administration (NAV) found a home-modified weapon and ammunition in an illegal distillery in Miskolc. When the raid happened the owner was...
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Pernod Ricard calculates with growth
Pernod Ricard SA, the world’s second biggest distilled beverage company, calculates with a 3-percent sales growth this year, performing 1 percent better than last year. In Q1 2015 organic sales...
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Starbucks prepares to enter the Italian market
Starbucks is busy preparing for entering the Italian market. Sources say the coffee giant and Italian businessman Antonio Percassi will sign a contract before Christmas to open the fist coffeehouse...
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Danone’s baby food sales rise in China
In the 3rd quarter Danone did much better in the baby food market than expected. Total sales augmented by 4.6 percent to EUR 5.64 billion. Behind this success there is...
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Coop launches private label products in Denmark
Coop Denmark started selling private label organic groceries. The new product line consists of 150 products and it is called 365. Coop Denmark hopes that sales will grow by EUR...
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Price war continues in the UK
In October Lidl and Aldi improved sales by 18 percent in the United Kingdom. Both Tesco and Asda lost market share against their German competitors in the past quarter. According...
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More and more SMEs eliminate fringe benefits
The increasing proportion of the domestic SMEs eliminate fringe benefits. Where it is still available, cafeteria is the most popular benefit type. After the slight improvement experienced in the summer,...
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Nearly 20 percent increase in third-quarter profit of the Danubius Hotels
The Danubius Hotels Nyrt. in this year's third quarter achieved 4.156 billion HUF net profit, which is 19 percent higher than last year's third quarter’s data. The Danubius Hotels’ net...
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NGM: two billion HUF for tourism development
A two billion HUF application on tourism development was announced within the framework of the Economic Development and Innovation Operational Programme (Ginop). To the application tourism destination management (TDM) organizations...
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Magazine: Is it the last charge?
Balázs Szöllősi, the president of the Hungarian Drink and Product Vending Machine Association (MIÁSZ) told Trade magazine that at the end of August there were 31,000 registered vending machines in...
Read moreKSH: GDP grew by 2.3 percent in the third quarter
Hungary's gross domestic product (GDP) grew by 2.3 percent in the third quarter compared to the same period of the previous year – based on an initial estimate by the...
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Tenders for the development of the fruit and vegetable sector to appear soon
In the following months, several proposals will be published to support improvements in the fruit and vegetable sector. In the applications, in addition to the individual farmers, producer marketing organizations...
Read moreNGM: the slowdown in growth is due to the weaker performance of agriculture this year
The slowdown in GDP growth is due to the weaker agricultural performance this year, compared with last year, which is the result of the droughty summer and previous year's high...
Read moreAccording to a survey the domestic online B2B trade is expanding more and more rapidly
The domestic online B2B (business to business) trade is expanding more and more rapidly in Hungary. Betwen 2013 to 2015 the annual average of proposals increased by nearly 10 percent,...
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The transit time of packages can be even fifty days during the Christmas season
The transit time of packages can be even fifty days during the Christmas period. The National Tax and Customs Administration (NAV) and the Magyar Posta (Hungarian Post) wrote in a...
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