Events
We reach into our pockets when it comes to dogs raising 13 million HUF for needy dogs
The Cofidis Dog Eye program has created an extraordinary social partnership, with more than 5,000 people donating nearly 13 million HIF to support dogs in need. We are one of...
Read moreThe EU Council adopts new VAT rules for e-commerce and small businesses
The Economic and Financial Affairs Council of the European Union (ECOFIN) has adopted new rules to facilitate the detection of VAT fraud in cross-border e-commerce and simplified the VAT rules...
Read moreAnnual inflation in Romania was 3.6 percent in January
In January, Romanian inflation was 3.6 percent higher than in the first month of last year, the Romanian National Institute of Statistics announced. The increase in consumer prices was mainly...
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China Warns Of Sustained Virus Impact On Poultry, Eggs Supply
China’s supply of poultry and egg products is likely to be hit in the second and third quarters as the coronavirus outbreak has had a severe impact on the industry,...
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Barry Callebaut Launches 3D Printing Service For Chocolates
Chocolate maker Barry Callebaut has unveiled a 3D printing facility for chocolates through its global decoration brand, Mona Lisa. The Mona Lisa 3D studio is equipped with innovative precision technology...
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Danone Introduces ‘Track & Connect’ Service For Baby Formula
French food group Danone has introduced a new tracking service for its baby formula range to offer more transparency about the journey of the products from the farm to store...
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Magazine: Innovation summit on personalised nutrition
New knowledge and technologies make it possible for food companies to personalise food products – participants learned at the ‘Newtrition X’ conference, organised by the foodRegio association within the framework...
Read moreKSH: agricultural output stagnated last year
Agricultural production was down 0.3 percent from the previous year due to a 1.7 percent growth in the livestock sector and a decline in crop and horticultural products. The 3.2...
Read moreAnalysts have positively surprised with Q4 GDP
Last year’s fourth-quarter GDP figures gave a positive surprise, according to analysts reporting to MTI, but the slowdown is expected to continue this year. According to the first estimate released...
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MNB: Households’ net wealth exceeded 108 percent of the GDP at the end of 2019
Households’ net financial assets increased by 11.7 percent last year to 50,932 billion HUF at the end of the year. Households’ financial assets totaled 61,161 billion HUF, accounting for 130.8...
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More than 50,000 people visited the FeHoVa Exhibition
More than 50,000 people visited the 26th Weapon, Fishing and Hunting Exhibition (FeHoVa), held between 7 and 10 February, at Hungexpo’s Budapest Fair Center – the organizer told MTI on...
Read moreThe Minister of Agriculture calls for the development of practical solutions to climate change
Climate change is changing, along with environmental, economic and social challenges, all of which require the development of practical solutions – Nagy István, Minister of Agriculture said at the opening...
Read moreEY: the number of cyber attacks can be increased by introducing an instant payment system
After eight months of postponement, the Immediate Payment System (AFR) will be launched in Hungary in early March. With the introduction, new types of frauds can be expected. For example,...
Read moreConsumer sentiment in the United States improved in February
Instead of the deterioration expected by analysts, consumer sentiment in the United States improved in February, according to a standard monthly survey by the University of Michigan. According to preliminary...
Read moreInflation growth in the Czech Republic accelerated
Annual inflation in the Czech Republic accelerated to 3.6 percent in January from the 3.2 percent of December, the Czech Statistical Office (CSU) announced in Prague on Friday. This is...
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Discounter Kaufland Takes Over Three Tesco Stores In Poland
Discounter Kaufland has increased its presence in Poland, with the takeover of three former Tesco outlets, in Warsaw, Gdansk and Kraków. The three stores opened under the Kaufland banner on...
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Carrefour Polska Removes Disposable Plastic Plates And Cutlery From Stores
Carrefour Polska has announced that it has removed disposable plastic plates and cutlery from its stores across the country. The initiative is part of the retailer’s environmental strategy to cut...
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Aldi increases plastic bag price to encourage recycling
Aldi is putting the price of its flexi-loop “bags for life” up from 9p to 15p to encourage customers to reuse. Aldi will reduce the volume of plastic bags sold...
Read moreKSH: gross domestic product increased by 4.9 percent in 2019
Last year, gross domestic product (GDP) grew by 4.9 percent year-on-year, according to the first estimate of the Central Statistical Office (KSH) published on Friday. Annual GDP growth was 4.3...
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The changes in the fisheries sector are successful
Based on experience and feedback, the changes in the fishery sector have been successful, and over the past few years the number of anglers has increased by more than 150,000...
Read moreAM: 2021will be a transitional period for EU agricultural support
There will be a transition period next year for EU agricultural subsidies, while the new Common Agricultural Policy (CAP) will be governed by the regulation for the 2014-2020 period for...
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Mastercard has increased its Valentine’s Day spending in Hungary by 1.5 times over 3 years
Valentine’s Day spending increased by 17 percent and pre-purchase purchases by more than 30 percent over the last three years, according to a study based on data from 53 countries....
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The Borjour Magnum major tasting centered on cabernet franc
Villány’s most important blue grape variety, cabernet franc, will be the highlight of the 11th Borjour Magnum. The largest indoor wine-tasting event in Hungary awaits the visitors with more than...
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Fourth-quarter GDP growth in the euro area is at a six-year low
Downward from its previous estimate, the euro area’s fourth-quarter annual GDP growth rate has been revised down in a report released Friday by Eurostat, the EU’s statistical office. According to...
Read moreRetail sales in the United States stagnated in January
Sales of automotive, fuel and construction products, as well as retail sales excluding hospitality, stagnated in the United States in January, compared with December, when they recorded a 0.2 percent...
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Online FMCG sales: A small share expanding rapidly
According to the Nielsen Shopper Trends survey, 18 percent of shoppers said at the end of 2018 that they had already purchased groceries online (this rate was 2 percentage points...
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Puts ‘Empathy Gap’ In The Spotlight In New Campaign
Coca-Cola has revealed a new advertising campaign which includes a television commercial, which will run in selected countries across Europe this month and highlights a societal empathy pap, particularly among...
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Gen Z shoppers love the physical customer experience
While the Gen Z generation loves their mobile devices, apps and social media, they also love engaging with physical retail store associates. More than half, 58%, prefer the brick-and-mortar shopping...
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Eroski Purchased More Than 3,000 Tonnes Of Sustainable Fish Last Year
Spanish retailer Eroski has announced that it purchased around 3,144 tonnes of fish with sustainability certification in 2019. Out of the total, the retailer sourced more than 1,880 tonnes of...
Read moreKSH consumer prices rose 4.7 percent in January
Consumer prices were on average 4.7 percent higher in January than a year before – the Central Statistical Office (KSH) announced on Thursday. Consumer prices rose to a greater extent...
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