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Ideas that recycle plastic as electricity and building materials received the top prize in a startup competition

Prometheus 42, which converts plastic into electricity, and Moseanic, which makes alternative architectural material from pieces of plastic in the sea, won the top prize in the competition to close...

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Hungarians have barely recovered from the recession

Half of Hungarians are no worse off than before the epidemic, according to the Intrum payments report (ECPR). However, household savings have deteriorated and there is concern that many people...

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Ferrero, Red Bull and the rest: family businesses are extremely successful

While they’ve faced some major challenges during the past two years, family-owned enterprises have demonstrated their resilience while creating jobs and opportunities that give their communities hope of a better...

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Most people obtain christmas presents online by card

The population spends more than HUF 61,000 on Christmas presents this year– this is revealed by the market research carried out by Magyar Bankholding. In 2021, almost 40 per cent...

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Intrum: the ability of the Hungarian population to pay bills has improved in the last one year

The Hungarian population’s ability to pay bills has improved in the past year: 27.8 percent of Hungarians said they could not pay at least one bill on time in the...

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Pix VR Training Kft. has developed a virtual education system developed for agricultural vocational training institutions

Pix VR Training Kft. has developed a virtual system for the training and use of work and power machines for agricultural training institutions – the company informed MTI. According to...

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Nagy István: new elements were added to the Collection of Hungaricums and the Hungarian Depository

The Collection of Hungaricums and the Hungarian Treasury have been expanded with new elements, Minister of Agriculture Nagy István announced at a press conference following Tuesday’s meeting of the Hungaricum...

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Economic sentiment in Germany deteriorated in December

The ZEW Economic Research Institute’s sentiment index in Germany deteriorated less than expected, according to a survey published on Tuesday. In the ZEW survey, the December economic sentiment index in...

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Euro area GDP grew at the same rate as in the second quarter

According to expectations, euro area gross domestic product grew at the same rate as in the second quarter, according to a report by Eurostat, the European Union’s statistical office. Eurostat...

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Főtaxi goes on with its tree planting program in the busiest parts of the Budapest

In cooperation with the 10 million Tree Foundations, the MainTaxi continues its tree planting program, which has been running for several years, this time focusing specifically on Budapest’s busiest areas....

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EU regulations defining the new Common Agricultural Policy have been published

As a result of a three-and-a-half year series of negotiations, on 6 December 2021, the EU Regulation on the CAP Strategic Plan, which is a reform package, and the EU...

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Fluctuating costs in the logistics industry, time is a key issue

Worldwide, there are constantly changing costs in the logistics industry, and warehouse costs continue to rise year on year as the industry becomes more competitive. Rising costs are forcing companies...

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Sir David Attenborough’s speech at the COP26 climate change summit in Glasgow: ‘Our motivation should not be fear, but hope.’

Between 31 October and 12 November the United Nations held its climate change conference in Glasgow, where one of the speakers was naturalist Sir David Attenborough. In his speech he...

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Europe’s Day in Commerce: For each other and for the shoppers!

The National Association of Entrepreneurs and Employers (VOSZ) organised a programme to celebrate Europe’s Day in Commerce for the 17th time. From the Ministry for Innovation and Technology Péter Cserenyés,...

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News in brief

Rapid delivery service Frichti, who deliver in just 15 minutes, rolled out a 120 SKU private label range, called Frichti Everyday. Drugstore chain Superdrug gave its B Skin private label beauty products an...

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December’s PLMA Trade Show postponed

Once again the PLMA ‘World of Private Label’ trade show has been put off – the organisers announced on 15 November. Formerly the trade fair was planned to be held...

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Hungarian purchasing power represents 51 percent of the European average

In 2021 European consumers are to spend approximately EUR 10,200 billion on food, utilities, services, etc. The per capita purchasing power is EUR 15,055, which means that the average purchasing...

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Wheat’s per tonne price nears 100,000 forints

According to PÁIR data from the Research Institute of Agricultural Economics (AKI), the live weight price of broiler chicken increased by 11 percent to HUF 238/kg and turkey’s price grew...

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The beginning of the future

At the end of each year we take a moment to look back on the past months, but right after this we already look to the future, casting our eyes...

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Granarolo buys historic Italian Gorgonzola producer

Italian agri-food group Granarolo has announced the buying of Gorgonzola cheese producer Mario Costa. Mario Costa has more than 100 years of history and focuses on quality. In 2020 the company...

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Waitrose removes garden chemicals from its product selection

Waitrose has committed to removing all potentially harmful garden chemicals from its product selection until the end of the year, in order contribute to preserving natural biodiversity in Britain’s outdoor...

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Carrefour Polska launches products tracked by blockchain

Carrefour Polska is launching Polish private label potatoes tracked via blockchain technology, making it possible for customers to trace the journey of the product from cultivation to packaging. With the...

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Everli plans to enter Germany and Romania

Online grocery shopping platform Everli plans to expand into Germany and Romania in early 2022. Everli is operating in over 80 cities across Italy, Poland, the Czech Republic, and France....

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Absolut Vodka comes out with first bottle design update since 1979

Iconic Swedish vodka brand Absolut has unveiled its first design overhaul since the brand’s creation in 1979. Absolut joined forces with Brand Union, Destrito and Ardagh Group on the upgraded...

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REWE opens a hybrid supermarket in Cologne

REWE Group has opened a new store in Cologne that offers a hybrid service: customers can decide whether they want to pay at the checkout or via the retailer’s Pick&Go...

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Coca-Cola to acquire controlling stake in sports drink maker BodyArmor

Coca-Cola is to buy a controlling stake in sports drink maker BodyArmor in the value of USD 5.6 billion. Coca-Cola bought a minority stake in BodyArmor back in 2018, becoming...

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Tesco opens first cashierless store

Tesco is testing its first cashierless store in Central London, in partnership with technology company Trigo. The supermarket’s GetGo store has sensors in the shelves that work with an AI...

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SPAR N°1 Value is the name of SPAR International’s new private label range

SPAR International has rolled out a new private label range, called SPAR N°1 Value, which will debut in European markets ahead of a global launch. The range, which offers high...

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Carlsberg and Żabka cooperate for eco-friendly packaging

Carlsberg Polska and Żabka have teamed up to offer consumers an environmentally friendly packaging solution called Snap Pack. Six-pack units of Carlsberg beer cans will be sold in Żabka stores...

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Planet-Score follows the Nutri-Score system

French retailer Auchan has announced that it backs the creation of the Planet-Score environmental labelling system, as it is in line with the brand’s commitment to promoting greater transparency across...

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