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Chinese luxury market: is the industry at a turning point?
Luxury giants LVMH and Kering are seeing significant declines in Asia, especially in the Chinese market. The country’s economic slowdown and high prices for luxury goods are increasingly deterring buyers,...
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The pharmaceutical industry has significant added value, but Europe could easily fall behind
Screening programs play a key role in the fight against cancer, and Hungary is lagging behind here too. Smoking, a sedentary lifestyle and alcohol consumption are also serious problems for...
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Hungary presents industrial and logistics real estate developments at the MIPIM exhibition in Cannes
Hungary will focus on showcasing industrial and logistics real estate developments that support strong foreign direct investment inflows at the world’s leading real estate development exhibition, MIPIM, in Cannes from...
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Beer Association: beer consumption in Hungary increased again last year
After a 10 percent decrease in turnover in 2023, reminiscent of the Covid epidemic, the domestic turnover of the five largest Hungarian beer producers increased by 2.8 percent in 2024,...
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NAK-Magosz: Brussels would cause serious damage with the planned transformation of the common agricultural policy
Brussels would cause serious damage with the planned transformation of the common agricultural policy (CAP), the National Chamber of Agriculture (NAK) and the Association of Hungarian Farmers’ Associations and Cooperatives...
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Bank360: Hungarians’ wealth hits record high, they are taking more and more money abroad
The population saved 6,800 billion forints last year, the cash stock has grown to over 7,000 billion, a new high, and an increasing part of bank deposits is now abroad...
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Mondelēz CEO Says Kennedy Agenda Product Re-Formulations Will Mean Price Hikes
Mondelēz Dirk van de Put said the Oreo maker will face new cost pressures from the Make America Healthy Again movement spearheaded by US health secretary Robert F. Kennedy Jr...
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January’s dilemma: fewer companies, yet more entrepreneurial optimism?
Although the decline in the number of companies continued in January 2024, the first month of the year still held a surprise, with the highest number of company formations in...
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A third of young people would like to leave their parents’ house as soon as possible
Four out of ten young people still live with their parents, and the majority of them are postponing moving to an independent residential property – this is what the K&H...
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Global e-commerce market to reach $11t by 2028
China and the United States dominate the sector. The global e-commerce market is set to hit $11t by 2028, driven by advancements in technology, improved delivery services, and increasing internet...
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Lidl to sell via TikTok Shop as ‘supermarket first’
Lidl will start selling through TikTok Shop this week, in a move which it says will make it the “first supermarket meeting our customers directly on the platform”. From 9am...
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Innovation, expansion and foreign investors: Hungary is heading to the forefront of the industrial real estate market
Hungary will focus on showcasing significant industrial and logistics real estate developments that support strong foreign direct investment inflows at the world’s leading real estate development exhibition, MIPIM, in Cannes...
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NAV: Tax inspectors found almost two tons of expired cheese in a van
Almost two tons of expired cheese of unknown origin were found by tax officers in a van that was checked on the M3 motorway, the National Tax and Customs Administration...
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January Purchasing Managers’ Index shows slight decline
According to a recent report by the Hungarian Logistics, Purchasing and Inventory Association (MLBKT), the seasonally adjusted Purchasing Managers Index (PMI) for January 2025 fell to 49.8 points. This result...
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European Purchasing Power 2024: Hungary in 30th place
According to the latest analysis by GfK, the average purchasing power per capita of the European population in 2024 will be 18,768 euros, which is an increase of 3.9% compared...
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SAP: Boredom is the death of the brand
Almost half of Generation Z members are abandoning brands that are becoming boring. Younger consumers want more: they don’t stay loyal to a product or brand because they liked it,...
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Demand for free products is growing – consumer habits are changing
The number of people following special diets is constantly increasing, but conscious nutrition and health considerations are also playing an increasingly important role in consumer decisions. According to Kifli.hu statistics,...
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The leasing market is performing well, but companies remain cautious
The number of new leasing contracts increased last year, but the performance showed significant differences between the individual segments: the financing of passenger and light commercial vehicles continued to strengthen,...
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Finland’s Oddlygood buys British brand Rude Health
Nordic vegan market leader Oddlygood has acquired Rude Health, one of the UK’s best-known plant-based drinks brands. Founded in 2005, Rude Health produces oat, almond, soy and other plant-based milk...
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The Budapest Stock Exchange opened the year with momentum
The leading index of the Budapest Stock Exchange opened the year with momentum: the nearly 8 percent plus in January is twice the inflation rate for the whole year last...
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Székely gastronomy is promoted in Bucharest with a record-sized stand and show kitchen
Székely gastronomy is being promoted at the Romanian tourism fair in Bucharest with a record-sized stand and show kitchen, drawing attention to the fact that Harghita County will be the...
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Job Tinder at the Technical University
The country’s largest and oldest job exchange, Job Tinder, will be launched on March 11-12, helping prospective or already graduated engineers find the best job for them. The Job Exchange...
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Health-focused juices gaining popularity in the Middle East
Health-focused juices gaining popularity in the Middle East Despite the health trend, affordability is still a key concern. The Middle East is rapidly becoming a key player in the global...
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“Look into the future!” – innovation award for Generation Z from Bosch and Richter
The world is already facing many challenges, but the future will present us with even more fateful choices. The Bosch Group in Hungary and Richter Gedeon Plc. believe that the...
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Carrefour wants to expand Belgian Sunday openings
Carrefour intends to open its Belgian company-operated stores (44 supermarkets and 40 hypermarkets) on Sundays as well. The unions were “surprised” by the initiative, but are “willing to engage in discussions”. As...
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Nespresso introduces paper coffee capsules in Germany
Nespresso has introduced paper-based coffee capsules across Germany from 17 February 2025. The innovative capsules, which are made from 82% paper pulp, offer a more sustainable alternative, according to the...
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Law Story 3 – International Children’s Drawing Competition to Learn About the World of Law
The Pro Veritate Association has announced the Jog Story international children’s drawing competition this year, which introduces the world of law to children aged 6-15 in a creative and playful...
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Rossmann drives its omnichannel expansion with digital coupons
Rossmann is expanding faster than the market, driven by strong international growth and ambitious investments. Its high-low pricing strategy and digital coupons fuel app engagement and e-commerce expansion. Rossmann, the...
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The Mathematician and Food Styling – Video of the Day
Daniel Burns studied at Noma in Copenhagen, one of the world’s top restaurants for years, and his “second degree” in mathematics largely determines his serving style. This is what it’s...
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