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Serbian president announces margin reduction
Economic measures limiting the profit margins of retail chains to 20 percent will be introduced in Serbia, Serbian President Aleksandar Vucic announced at a press conference on Sunday. Vucic highlighted...
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Will it not be sold in MediaMarkt stores in the near future?
The ownership structure of Germany’s Ceconomy AG, which operates the MediaMarkt and Saturn retail chains, is gradually becoming final: the largest shareholder will be China’s JD.com. However, Convergenta Invest, owned...
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German business sentiment improved in August, ifo survey finds
Business sentiment in Germany improved more strongly than analysts had expected in August, according to the latest survey by the ifo Institute for Economic Research at the University of Munich,...
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Retail sales growth accelerated in Poland in July
Poland’s retail sales growth accelerated more than expected in July on an annual basis. Retail sales rose 4.8 percent year-on-year in July after a 2.1 percent increase in June, the...
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Számlázz.hu, now 20 years old, expects a fintech revolution
Számlázz.hu, one of Hungary’s largest fintech companies, which helps nearly one million businesses, has turned twenty. According to CEO Balázs Ángyán, the field of financial administration is facing a revolutionary...
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French winemakers worried about US tariffs
The newly announced EU-US trade deal, which excludes wines and spirits from US import duties, has sparked serious concerns in France. This means that French exporters will have to pay...
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Driving safety and sunglasses: what does the latest research show?
Choosing the wrong pair of sunglasses can significantly jeopardize road safety. The wrong lens color or a shade that is too dark slows down the driver’s reaction time and impairs...
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New research: Vegetarians are not more docile, but more ambitious
A new study challenges the widespread stereotype that meat-free dieters are more peaceful and gentle than meat-eaters. According to psychological research published in the prestigious journal PLOS One, vegetarians, on...
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Master Wang is preparing to close due to a shortage of chefs
Master Wang, the capital’s most famous Chinese restaurateur, is forced to suspend two of his major projects planned for 2025, and one or two of his restaurants may even close...
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István Nagy: We must protect EU funds for farmers
Farmers will go bankrupt if the new European Union budget comes into effect in its current form. Brussels wants to give the funds for farmers to Ukraine – stated István...
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Nestlé develops novel technique to get more yield from cocoa fruit
Nestlé has developed a novel patented technique that utilizes up to 30% more cocoa fruit to produce chocolate while maintaining a great taste. This approach not only minimizes waste but...
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Training of trainers: a new era of earth observation has begun at the University of Sopron
A unique program supported by the European Space Agency (ESA) has begun at the University of Sopron. The one-week training, launched within the framework of the HunEdu project, focuses on...
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Human remains trade spreads in the UK – experts urge stricter laws
The trade in human remains is becoming increasingly alarming in the United Kingdom, writes Telex, following The Guardian. According to the newspaper’s report, social media and legal shortcomings contribute to...
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Rossmann launches wine in paper bottle
Rossmann has become the first major retailer in Germany to introduce a Weißburgunder (pinot blanc) wine in an innovative paper bottle, marking a bold step toward sustainability. The new packaging...
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More people choose air-conditioned restaurants
In the summer heat, air-conditioned guest spaces not only provide comfort, but also provide a competitive advantage for catering establishments – said Mihály Antal, technical expert of Gree air conditioners....
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MediaMarkt taking marketplace to Switzerland and Hungary
The trading volume of MediaMarkt’s marketplace was 90 percent higher than in the same quarter last year. The platform is contributing to the improved profitability of parent company Ceconomy. The...
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Ministry of Agriculture takes action to protect vineyards
The government is committed to strengthening the competitiveness of the domestic grape and wine sector, and producers can also count on the Ministry of Agriculture’s help in the fight against...
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GVH: margin reduction reduced prices, OKSZ disputes the effect
According to the Hungarian Competition Authority (GVH), the margin cap has been effective, as it contributed to lowering the prices of the affected products. Citing data from the online Price...
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OKSZ has spoken out regarding the extension of the margin freeze
Viktor Orbán announced the extension of the margin freeze. The National Trade Association has drawn attention to the eroding and dispersing effect of margin regulation on the economy on several...
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The government has extended the margin freeze
Viktor Orbán announced in the Facebook group Harcosok Klubja that the government has made another decision on the regulation of margins on food and household goods: the margin freeze will...
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Counterfeit food: a serious health and economic risk
Many people believe that primarily luxury goods are counterfeited, but in reality, any type of food can be affected – from pastries and sweets to pasta, cheese, olive oil, chips,...
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A plastic-free future? This is how biodegradable hygiene products are gaining ground
Disposable diapers may cause a less visible but far more serious environmental problem: the decomposition of traditional products can take up to 300 years. Meanwhile, around 650,000 people in Hungary...
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KSH: investment performance decreased by 8.0 percent compared to a year earlier
The volume of investments in the second quarter of 2025, according to raw data, fell by 8.0 percent compared to the same period of the previous year. Compared to the...
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Pharmaceutical manufacturers can breathe a sigh of relief: the 250 percent punitive tariff in the USA is not coming
Good news has arrived for European – including Hungarian – pharmaceutical manufacturers: according to BBC reports, the U.S. government ultimately does not plan to impose the previously threatened 250 percent...
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Distilling season is starting – these are the things private distillers should pay attention to
With the ripening of fruit, not only the canning season begins, but also the season of distillation. Many people make spirits for their own consumption, but in addition to expertise,...
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MTÜ: almost 800 thousand people participated in the St. Stephen’s Day celebrations in Budapest
According to mobile data, more than 798,000 people with mobile phones participated in the St. Stephen’s Day celebrations on the embankments of Budapest and the surrounding area – 12.5 percent...
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Mall ban adopted: new permit required for operating larger retail stores
On August 18, the Hungarian Official Gazette published the so-called “plazastop” decree, which was submitted by the Minister of Construction, János Lázár. The decision could bring about serious changes in...
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Inflation in Austria accelerated to a more than one-year high in July
Austria’s annual consumer price inflation rose 3.6 percent in July, the fastest since March last year, after a 3.3 percent increase in June, according to final figures from the Austrian...
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Hungary is at the bottom of the EU rankings in terms of financial satisfaction
According to Eurostat data for 2022, Hungary remains in the bottom third of the European Union in terms of financial satisfaction. Hungarians rated their financial situation on average 5.9 points...
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Online course helps develop local tourism
The Educational Application for the Promotion of Rural Tourism has been launched, which helps the economic and social strengthening of small settlements with practical training. The program organized by TanfolyánGURU...
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