Company and Personal News
Results and experiences of the first year of the Agro-ecological Program
Following the 2023 applications of the new green area-based subsidy, the Agro-ecological Program (AÖP), nearly 51,000 producers received a total of HUF 92.5 billion in payments for approximately 3.6 million...
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Just Eat Takeaway expands free delivery for Amazon Prime members to Europe
Just Eat Takeaway is expanding its partnership with Amazon to Europe. Austrian, German and Spanish members of Amazon Prime can now have their ordered meals delivered for free. In the...
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NGM State Secretary: the machine industry plays a decisive role in industrial development
The development of the machine industry is essential for Hungary to be at the forefront of European industry by 2030 – said the State Secretary responsible for industrial policy and...
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Mondelez to invest in Pakistan production
Two manufacturing plants in Baluchistan are set to receive the funding. Mondelez International is set to invest around $5m in its Pakistan operations in an effort to increase localised production...
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More scholarship students completed their agricultural studies in Hungary
The students of the scholarship program jointly supported by Hungary and the Food and Agriculture Organization of the United Nations (FAO) were bid farewell. This year, the students graduated from food...
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REWE Invests €250m In New Distribution Centre In Magdeburg
REWE Group has inaugurated a new distribution centre at its Magdeburg Rothensee industrial and logistics centre, three years after construction commenced at the site. The German retailer has invested around...
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Sándor Czomba: in May 2024, the number of employed people increased by 36 thousand and the activity continued to expand
Employment and the number of economically active people increased in parallel compared to the same period of the previous year, while the number of registered jobseekers is still at a...
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AKI: seasonal fruits are cheaper compared to last year
Seasonal fruits are cheaper compared to last year, most of the vegetables did not become more expensive based on wholesale market prices – read the latest report of the Agricultural...
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The economic mood deteriorated in the EU and the euro area in June, and Hungary improved
The economic sentiment index deteriorated in the euro area and the European Union in June, while it improved in Hungary, according to a survey presented on Thursday by the European...
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The number of convenience stores in Hungary is decreasing
The trend of recent years leaves no doubt: the number of Hungarian retail stores is constantly decreasing. According to the latest data from the Central Statistical Office (KSH), in June...
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OKSZ: care must be taken with returnable bottles
As of July 1, 2024, metal, plastic, and glass beverage packages sold in stores over 400m2 must be exchanged with the return exchange machines provided by MOHU, with the exception...
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Lidl and WWF have entered into an ambitious international collaboration
Lidl, one of the largest retail companies, and WWF, one of the world’s largest independent conservation organizations, have announced the launch of a new five-year international and strategic partnership spanning...
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From today, you don’t have to pay VAT when you buy own-brand menstrual products in Tesco
From June 27, 2024, Tesco will waive VAT on the prices of all its private label feminine hygiene products. Not only does the company help women reduce their regular extra...
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Amazon has joined the $2 trillion club
Amazon on Wednesday joined the small group of companies with a market value of more than $2 trillion. The e-commerce giant joins Microsoft, Apple, Nvidia and Alphabet, which owns Google,...
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Sweet corn is available for pennies
2024 is clearly the year of weather and market changes in the domestic fruit and vegetable market. By now, customers have gotten used to the fact that the shift in...
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OTP Bank’s New Marketplace, fizz.hu, Attracts 750,000 Customers with its Novel Approaches in E-commerce
OTP Bank’s innovative platform, fizz.hu, has made a successful entry into the e-commerce sector, attracting 750,000 customers since its launch. Under the leadership of András Fischer, OTP’s Director of Innovation,...
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The University of Debrecen and Hell Energy Hungary cooperate
The Faculty of Economics of the University of Debrecen and Hell Energy Magyarország Kft. signed a cooperation agreement on Wednesday at the Böszörményi úti Campus of the University of Debrecen....
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Baker McKenzie: appointment of new partners in the Budapest office
As of July 1, 2024, Baker McKenzie has elected Márton Horányi, the co-head of the competition law practice of the Budapest office, as an international partner, while Dániel Orosz, a...
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Hybrid working is not good for the office market
The effects of the pandemic can still be felt in the American office market years after the global health crisis. According to Moody’s latest report, it is expected that by...
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Nébih relies on the public’s opinion in the soil protection questionnaire
The soil protection effort of the National Food Chain Safety Office (Nébih) is to present the population with the diversity of our country’s soils, soil cultivation and nutrient management habits,...
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PwC: workplace changes encourage employees to develop their skills in the long term
Globally, almost half of employees (45 percent) feel that their workload has increased significantly in the past year, and two-thirds of them feel insecure due to the acceleration of changes...
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Plant-based food sales fall to USD 8.1bn in the United States
Only 15% of US households bought plant-based products in 2023, 19% less than in 2022. This article is available for reading in Trade magazin 2024/6-7 Sales of plant-based meats and...
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The new call for tenders for developing domestic horticultural production has been published
A new call for tenders has been published with a budget of HUF 50 billion to support the creation and modernization of horticultural greenhouses, cold storages, and vegetable storage facilities,...
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K&H: again at the top of the Financial Times ranking
K&H’s Belgian parent bank, the KBC Group, was included in the Financial Times magazine’s Climate Leaders list in 2024. In the last five years, it has reduced its own carbon...
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Yettel forms a new board with a new director
The Directorate of Artificial Intelligence and Data Analysis, headed by the Bulgarian specialist Denitsa Gavrilova, will start operating on July 1. In addition to a reliable and fast mobile network,...
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Pécs and Timișoara cooperate in animal disease research
The National Laboratory of Virology of the University of Pécs and the King Mihály I University of Life Sciences in Timișoara agreed on research and education cooperation related to animal...
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SHEIN launches Korean website
This affirms the group’s commitment to catering to the Korean market. Global online fashion and lifestyle retailer, SHEIN has announced the launch of its dedicated Korean website, https://kr.shein.com/. Based in...
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Nestlé introduces sustainably sourced chocolate brand
The confectionery offering, which uses cocoa certified by the Rainforest Alliance, will be available in airports around the world. Nestlé is launching Sustainably Sourced chocolates, the food and beverage giant said in a...
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dm-drogerie markt Rolls Out Express Delivery Service In Bonn
German retailer dm-drogerie markt has rolled out an express delivery service in Bonn, extending the service to eight cities in the country. The company relies on cargo bikes and e-vehicles...
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