Company and Personal News
French entrepreneurs are developing vegan eggs with shells
A French vegan brand, Les Merveilloeufs, is working on a plant-based alternative to hen eggs. Its component is that it will consist of legumes – origo wrote after Livekindly.co. Two...
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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Coca‑Cola moves to 50% recycled plastic in its ‘on-the-go’ packs
As part of our journey towards a World Without Waste, in partnership with Coca‑Cola Ireland, today we announced that all of our 500ml packs and smaller are now being made...
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New sustainability goals by Procter & Gamble
Just this week, P&G’s Family Care brands set new industry-leading commitments for their paper products to protect, grow, and restore forests globally. These new commitments span all P&G Family Care...
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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...
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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Nestlé reports full-year results for 2019
Organic growth of 3.5%, with real internal growth (RIG) of 2.9% and pricing of 0.6%. Growth was supported by strong momentum in the United States and Purina PetCare globally. Total...
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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Tesco was awarded the Investor of the Year award
The Tesco Business and Technology Services Center is recognized by the National Investment Agency (HIPA). Ésik Róbert, CEO of the National Investment Agency; Pártos Zsolt, Managing Director of Tesco Magyarország;...
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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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Branded perfumes at SPAR’s Spring Loyalty Offer
The store chain is offering branded perfumes to its loyal customers in a point-of-sale promotion on February 13. Perfumes for women, men and unisex are great gifts for Valentine’s Day,...
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Auchan raised 21 million forints with plush beaver
The No. 2 Department of Pediatrics of the Semmelweis University buys life saving equipment from donation. Exceeding expectations, Auchan raised a total of 21 million forints in a charity campaign...
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Cool moms save hundreds of thousands in the first three years
Nowadays, it is no longer a question of taking care of our environmen. Let’s see what we can do ourselves. Having a baby is often not really environmentally friendly, and...
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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...
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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The Hungarian advertising market is expected to grow by 7 percent this year
The Hungarian advertising market is expected to grow by 7 percent this year, mainly due to the competitive sector, as 2020 is expected to be a quieter period for political...
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Coca-Cola Magyarország has reduced the weight of aluminum beverage cans by thirteen percent
The Coca-Cola Magyarország has reduced the weight of aluminum beverage cans by thirteen percent. The company that produces and distributes canned soft drinks in 19 countries, uses approximately 170 tonnes...
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Auchan Trust Card customers can redeem their points for good
Auchan has launched an extraordinary social campaign for its loyalty program customers from 1February. As part of the initiative, customers will be able to turn their Trust Points into charity...
Read moreLast year, the GVH imposed a fine of more than 8 billion HUF
Last year, the Hungarian Competition Authority imposed a fine of 8.3 billion HUF. Fines for restrictive practices approach 3.4 billion HUF, and consumer protection fines reach nearly 4.9 billion HUF...
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