Events
Tesco Box officially becomes an online shop
In the spring Tesco launched its Tesco Box service to give those shoppers the chance to order FMCG products online that hadn’t had access to this service before the pandemic....
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Mandatory deposit return scheme for drink bottles proposed
The Hungarian government has proposed a bill for introducing a mandatory deposit return scheme for drink containers. At the moment it seems the new system will enter into force on...
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Docking gates at Coca-Cola HBC Magyarország
Coca-Cola HBC Magyarország has installed five separate docking gates at is production plant in Dunaharaszti. Thanks to this step the country’s biggest food industry warehouse can serve trucks even faster,...
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Christmas Candy of the Year 2020 winners named
This year was the first that the Christmas Candy of the Year contest was organised. The organisers invited both the big manufacturers and small companies. Winners were announced in the...
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Tesco home delivery available in more regions
On 30 November Tesco’s online shopping service was launched in Veszprém and Kaposvár; in the first two weeks of December Zalaegerszeg, Szolnok, Eger and Békéscsaba followed. With this move Tesco’s...
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Let’s care for each other is Coca-Cola’s Christmas message
Oscar-winner Taika Waititi has directed Coca-Cola’s Christmas commercial, which is aired in 91 countries from 1 December. The advert’s message is that in the current special conditions we should care...
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KSH: earnings increased by 9.1 percent
In August, gross average earnings were 391 thousand 600 HUF, 9.1 percent higher than a year earlier, and in the first eight months of the year they amounted to 395...
Read moreThe economic downturn may be greater than previously expected
Minister of Finance Varga Mihály presented the government’s recent macroeconomic forecast at Friday’s HBLF conference – portfolio.hu, wrote. According to them, this year the economic downturn could be 6-6.5% instead...
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A wine investment support program is launched
Almost 3.4 billion HUF in multi-phase support for the purchase of machinery related to grape processing and wine technology will be available to wineries from 2 November – the Ministry...
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Strictness in wearing the masks
The austerity bomb could explode immediately: not only will the places to wear be expanded with hospitality and entertainment venues from the second of November, but now the shop, restaurant,...
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Nébih: Hungarian-grown pumpkins are safe
In the seasonal test of the Supermenta program, 11 domestically grown pumpkins were examined by the experts of the National Food Chain Safety Office (Nébih) and found thzat the Hungarian-grown...
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Franc & Franc in 2020 to be postponed
The Villány Wine Region Mountain Council and the Tenkes Wine Region Development Ltd. decided in the current pandemic situation, keeping in mind the safety of the guests, to postpone both...
Read moreGerman GDP soared in the third quarter
Germany’s gross domestic product (GDP) grew at an all-time high of 8.2 percent in the third quarter of this year from the previous three months – the Federal Statistics Office...
Read moreConsumer sentiment improved in October in the United States
Consumer sentiment in the United States improved more than previously estimated in October, according to definitive data from the University of Michigan’s monthly regular survey. According to the final data...
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Amazon’s revenue rises based on Q3 data
Amazon’s advertising revenue rose 51% in Q3 from a year earlier as marketers sought to reach the e-commerce giant’s customers while they shopped online. Amazon’s total revenue gain of 37%...
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KSH: 35,000 less people worked in the third quarter than a year ago
In the three-month period of July-September, the average number of employees was 4,486,000, and the employment rate of those aged 15-64 was 70.2 percent, the Central Statistical Office (KSH) reported...
Read moreIntrum: the European recession is the biggest threat according to Hungarian companies
As a result of the coronavirus pandemic, the recession at European level is considered by Hungarian companies to be the biggest revenue-threatening factor, for which receivables are a growing problem;...
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Physical hourly wages are 11 percent higher than last year
In the third quarter, the average gross hourly wage of skilled and trained manual workers was 1,318, HUF according to an analysis by Trenkwalder, which processes the wage data of...
Read moreThe Payment Point introduced electronic card payment without a POS terminal
The Payment Point (Fizetési Pont) has introduced a new card electronic payment solution in Hungary: with the so-called SoftPOS technology, it is possible to make a credit card purchase transaction...
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Economic sentiment in the euro area and the EU stagnated in October
After a steady improvement since May, economic sentiment stagnated in October in both the euro area and the European Union. According to data posted on the website of the European...
Read moreDIW’s business cycle barometer slowdown indicates economic growth in Germany
With a likely slowdown in post-crisis economic growth, a second wave of the coronavirus epidemic in Germany has arrived on the basis of a business cycle barometer from the DIW...
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Walmart launches new test stores
Walmart has two test stores up and running with two more set to open aimed at quickly experimenting with omnichannel technology and processes. As Walmart keeps trying to grow its...
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Magazine: From this year the best stores can use the StarStore logo!
In Trade magazin’s 2020 StarStore (in former years: SuperStore) competition there were 18 entries and for the first time hospitality units also had the chance to compete, in the gastro...
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International Conference on Misleading Advertisings
On 6 November 2020, for the eighth time, an English-language conference will be organized by the Pázmány Péter Catholic University JÁK Competition Law Research Center to present current issues of...
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No more fake reviews
Fines for mischief in several countries will jump. Cheekiness (forgiveness, dishonesty) is also punished. There will be a ranking rule as well. The search for goods cannot be a false...
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CAP: Europe turns green
The new cycle of the Common Agricultural Policy can bring significant changes, with a focus on sustainability measures, such as Biodiversity and the Farm-to-Table strategy. At the same time, the...
Read moreCooperation with the East is a common interest
Matolcsy György, central bank president praised the policy of opening up to the East and emphasized the common interest in deepening Eastern cooperation at the online conference entitled Budapest Eurasia...
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Large domestic companies remain pessimistic
Domestic companies remain pessimistic. The value of the K&H corporate growth index has not changed compared to the previous quarter, and is currently at -2 points. Companies see their own...
Read moreThis is how to upgrade boring snacks!
School children and their parents are beyond an extraordinary period, as after an absence of nearly six months, they had to find their way back to everyday life. Keep an...
Read moreConsumer confidence deteriorated in the United States in October
Instead of the improvement expected by analysts, consumer confidence in the US economy deteriorated in October, mainly due to another wave of the coronavirus pandemic, which led to an increase...
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