News and articles
Serious layoffs at Estée Lauder
The Estée Lauder Companies is preparing for major structural changes in the third quarter of fiscal 2024 after its quarterly net profit fell 21% from a year earlier. The company...
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MBH Bank and Mastercard supported the Hungarian Ecumenical Relief Organization with HUF 65 million
The joint fundraising campaign of MBH Bank and Mastercard has ended, as part of which the credit institution offered 50 million forints and Mastercard 15 million forints to the Hungarian...
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NGM: the government supports increasing labor market activity with more than HUF 460 billion
By 2030, more than HUF 460 billion in EU funds can help increase labor market activity, mobilize labor reserves, train those at work and improve working conditions, the Ministry of...
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The national ice damage mitigation system protects 9.3 million hectares of land
The national ice damage mitigation system, which has been in operation since 2018 and protects 9.3 million hectares of land, will continue to be operated with HUF 2 billion government...
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Wizz Air is strengthening its rural base
Wizz Air will soon launch direct flights to Istanbul from Debrecen, making it possible to reach Turkey on four routes from Hungary. The new flights will be available from April...
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ÖK’s research project helps protect wildlife from the harmful environmental effects of ivermectin
Grazed animals are treated with anthelmintics, which, if released into the wild, pose a threat to the local insect and bird life. The ecologists of the HUN-REN Ecological Research Center (HUN-REN...
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The farmers’ protests in Spain were drowned in scandal
Authorities detained six people and fined hundreds on Wednesday in the second day of farmers’ protests in Spain. The more serious incidents took place near Santa Fé in the Granada...
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The production of pears decreased in the EU and increased in Hungary
According to data from the World Apple and Pear Association (WAPA), the European Union (including the United Kingdom) produced 1.7 million tons of pears in 2023, which is 13 percent...
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A new laboratory method can help filter out fake honey
The Semmelweis University and the Hungarian University of Agriculture and Life Sciences have developed a unique method for verifying the authenticity of honey. The researchers’ new method is faster than the...
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We are further strengthening cooperation in the field of agriculture with Slovakia
On Tuesday afternoon, Minister of Agriculture István Nagy discussed the market difficulties caused by Ukrainian grain, the European farmers’ protests, trade and animal health issues with Richard Takáčc, Slovakia’s new...
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EU Commissioner: it must be ensured that the agri-food sector remains competitive
The EU must ensure that the agri-food sector remains competitive and at the same time provides a fair income for all farmers, small and medium-sized enterprises, this is also important...
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AM State Secretary: precision production is inevitable for the competitiveness of agriculture
Farmers who want to remain competitive on the international market cannot avoid the use of data-based and precision technologies, said the Secretary of State responsible for agriculture and rural development...
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Lidl To Invest €140m In Its Largest Spanish Logistics Hub
Discounter Lidl has announced its largest logistics investment in Spain to date – a €140 million complex in Martorell, near Barcelona. The 66,000 square metre facility, slated to open in...
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Digital technologies could play greater role in preventing under-age booze sales
The British government has launched a consultation on whether to allow digital technology to play a role in age verification for alcohol sales. It is also considering whether to amend...
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The immediate export of soybeans has increased in Ukraine
According to Tallage, US soybean spot export (FOB Gulf) fell $50 to $405/t, March $56 to $398, April $63 to $396, May $62 to $398/t November 17, 2023 and January...
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KSH: last December, retail turnover decreased by 0.2 percent compared to the same period of the previous year, while it increased by 1.4 percent compared to the previous month
In December 2023, according to the raw data, the turnover volume of retail trade decreased by 1.0 percent, adjusted for calendar effects, compared to the same period of the previous...
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NGM: retail sales also increased on a monthly basis in December
According to the latest data from the Central Statistics Office (KSH), in December 2023, retail sales were able to increase for the second month in a row compared to the...
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This is how retail units prepare for Valentine’s Day
As Valentine’s Day approaches, many people are already planning where to get their holiday flowers. You can find flowers not only in flower shops, but also in the flower sections...
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The price of cocoa on the world market is at a record high, and Valentine’s Day will be expensive
The world market price of cocoa has not been this high in 46 years, and the price of sweets will also rise due to the poor harvest and rising raw...
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Axente Vanessa’s new lifestyle brand at Rossmann
Axente Vanessa nutritional supplements will be available in Rossmann Hungary stores from February. The internationally recognized Hungarian top model has entered the dietary supplement market with the ESSA World lifestyle...
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More than 45,000 children benefited from Kifli.hu’s free fruit distribution initiative
Celebrating its fourth anniversary, Kifli.hu delivered fresh fruit and vegetables to more than 45,000 children in more than 400 kindergartens at its own expense, thus having a significant impact on...
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Zwack’s profit decreased significantly
In the first three quarters of the 2023-2024 business year, Zwack Unicum Nyrt. achieved gross sales revenue of HUF 31.58 billion, 3.4 percent more compared to the same period of...
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This can cause a serious problem with the mandatory redemption system
The new redemption system came into effect in Hungary in January, which is expected to make drinks available in stores more expensive. The aim of the system is to reduce...
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This year’s pre-booking campaign in tourism has been successful
The previous year’s successes in the travel industry and the summer outbound trends, which even exceeded the 2019 turnover, indicate that market participants expect further growth. Tour operators have been...
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There is no need to expect a permanent shortage of goods in Hungary due to the Red Sea crisis
In recent weeks, it was not pirates but rebels fighting for their own goals that attacked merchant ships in the Middle East, causing serious economic consequences. According to Attila Mihály,...
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Due to the weakness of foreign markets, industrial performance decreased in December
The negative effects of the war and sanctions caused significant damage to the economy, and the weak demand associated with the weak European economy also negatively affected the performance of...
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Syngenta presents virus-resistant vegetable varieties at Fruit Logistic
In addition to several award-winning vegetable varieties, Syngenta’s Vegetable Seeds division is waiting for the audience with a number of innovative new products at the 2024 Fruit Logistica exhibition, which...
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Armadillo became the lead agency for the Nicolaus vodka brand of Várda-Drink Zrt
Várda-Drink Zrt. chose Armadillo as a partner to increase the recognition of the Nicolaus Vodka brand in Hungary. From February 2024, the full-service agency will take over the management of...
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Retail sales in Romania increased by 1.9 percent last year
Retail sales in Romania increased by 1.9 percent in 2023 compared to the previous year, the National Institute of Statistics (INS) announced on Tuesday. Revenues from the distribution of food,...
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Lindt brings out its popular Easter chocolate in a new format
With Easter approaching, the famous chocolate manufacturer Lindt has announced its latest and boldest venture: the launch of a new bar version of the iconic Easter milk chocolate, “Gold Bunny”,...
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