Margin is very much not profit
Margin is very much not profit
The government announced that it would introduce a margin cap on 30 food product groups from March 17, 2025, after food inflation reached 7.1 percent in February. The decision was...
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Margin freeze in Hungary: Who is affected and is government intervention really justified?
The Hungarian government will introduce a margin restriction on certain food products from March 17 – for the time being until May 31 – according to which the margin of...
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Despite global challenges, SMEs are still looking for breakthrough points in 2025
According to economic forecasts for 2025, businesses will face a number of challenges: high interest rates, inflationary pressures, geopolitical uncertainty and supply chain disruptions will all make it difficult to...
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Quality and innovation: SPAR’s own-produced range expanded with 51 new products
Fifty-one new, high-quality food products have been added to the range of products produced in SPAR Hungary’s Bicske, Perbál and Üllő plants. In addition, as a real speciality, the chain...
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PICK Bordeaux tours expand with three new routes
Almost half of Hungarians exercise regularly, at least 1-2 times a week, and only one-fifth of the population said they do not exercise at all, according to the results of...
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Good performance at the Bocuse d’Or
Team Hungary came home from the Bocuse d’Or final in Lyon (held on 26-27 January 2025) with the prestigious Best Dish special prize, finishing 13th in the competition. This article...
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Elek Nagy, President of MKIK, discussed the use of artificial intelligence by SMEs with László Palkovics, Government Commissioner
This morning, Elek Nagy, President of the Hungarian Chamber of Commerce and Industry (MKIK), and László Palkovics, Government Commissioner for Artificial Intelligence, held a discussion on the possibilities of the...
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The GVH is preparing investigations into the food trade.
According to the online Price Monitor operated by the Hungarian Competition Authority (GVH), the prices of several basic food products have decreased since Monday due to the introduction of the...
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More than half of employees received a pay raise last year
53% of Hungarian employees reported receiving a salary increase in 2024. This is a lower rate than in 2023 (61%), but higher than in 2022 (44%). Respondents are more optimistic...
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China’s retail sales skyrocket in the first two months of the year
China’s industrial output grew 5.9 percent year-on-year in the first two months of the year, slower than in December but better than expected, the National Bureau of Statistics (NBS) said...
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Margin freeze on around a thousand basic foods comes into effect
The margin freeze came into effect on Monday, which regulates the retail margin of around 10 percent for around a thousand basic foodstuffs in thirty product categories – announced Róbert...
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Q-Automotive Ltd. and SZTE are developing a biopolymer-based packaging material that can be composted at home
Q-Automotive Kft. and the University of Szeged (SZTE) are developing a biopolymer-based packaging material that can be composted at home, with the support of the National Research, Development and Innovation...
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More than 17 million colorful seed packets will find their owners this season
Due to the favorable spring weather, work has started in the small gardens. According to the forecast of the Seed Association Interprofessional Organization and Product Council, this season, hobby gardeners...
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New campaign shows health ambitions of Colruyt Group
In a new campaign, Colruyt Group shows how Bike Republic, Jims, Boni Plan’t and Newpharma help consumers live healthier lives. The company wants to become a credible, reliable player in...
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PepsiCo strikes near-$2bn deal to buy Poppi
PepsiCo has struck a deal to buy US prebiotic soda brand Poppi for $1.95bn. The US drinks giant said it was looking to meet consumers’ “growing interest in health and...
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Uber Terminates Foodpanda Taiwan Acquisition
Uber has decided to terminate its agreement to acquire Delivery Hero’s Foodpanda business in Taiwan and will pay a termination fee of around $250 million (€230.2 million), the food delivery...
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In the Shadow of Child Labor – the latest episode of the NMHH Podcast deals with kidfluencers
The opinion leaders of today are influencers, who can also be considered brand ambassadors, who build a financial model on their popularity. But why do we expect the faces of...
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These are Lego’s most expensive worker sets – rare sets at astronomical prices
Every year, LEGO surprises its employees with exclusive sets that are never released to the public. These rare, limited-edition sets become highly sought-after collectibles, often selling for exorbitant prices on...
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K&H has once again received the title of “Hungary’s Best Digital Bank”
For the third time in a row since 2022, K&H Bank has won the “Best Digital Bank in Hungary” award, awarded by the renowned British financial magazine, Global Banking and...
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Flavours from Mór Jókai’s table
The VakVarjú restaurant family is organizing a special and unrepeatable event for gourmets and gastronomic experience hunters joining their regular guest program: they are waiting for them on a gastronomic...
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Magic Cafe – Video of the Day
We watched the short film like the Got Talent jury watching productions that start in bizarre ways but end well! Click on the image for the video!...
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OKSZ: margin is not profit!
The international food retailer member companies of the National Trade Federation (OKSZ) would like to share the following facts regarding the news published in recent days regarding food inflation. Margin...
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Viktor Orbán on Kossuth Radio: traders cannot add more than 10 percent to the purchase price
Traders cannot add more than 10 percent to the purchase price, the prime minister said on Friday in Kossuth Radio’s Good Morning, Hungary! program. Viktor Orbán justified the introduction of...
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Margin freeze versus VAT reduction: a solution to inflation or a field for political debate?
The government has been implementing a margin freeze since mid-March, which limits the margin on 30 basic foodstuffs to 10 percent. The measure aims to reduce inflation and curb unreasonably...
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GKI Analysis: Why are food prices constantly rising?
In recent times, the rise in the prices of basic foodstuffs, especially milk and eggs, has received special attention, affecting broad segments of the population. The development of high food...
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British consumers and biodegradable bottles: they are willing to pay more, but it is not enough
British consumers are willing to pay a higher price for water packaged in biodegradable plastic bottles, but the premium does not cover the significant additional cost of production, according to...
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Online grocery shopping also surged ahead of Christmas
The run-up to Christmas affected sales by online supermarket Kifli.hu in December 2024, not only boosting the basket value but also the shopping frequency. This article is available for reading...
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Bottle return 2025: this is how the system works in Hungary
The DRS will continue to provide consumers with the opportunity to contribute to environmental protection and sustainable waste management in 2025. Through further development of the system and increased consumer...
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