Company and Personal News
Alibaba founder Jack Ma makes comeback with AI
Alibaba is planning to invest fifty billion euros in artificial intelligence and cloud computing, as the Chinese e-commerce giant says it wants to give a major boost to digital innovations...
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Planet A Foods’ cocoa alternative enters UK
The Munich-based group developed the peanut butter mini eggs with Germany-based Wawi-Schokolade. Germany-based cocoa-free supplier Planet A Foods has entered the UK market with the launch of a chocolate-alternative product...
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Artificial intelligence is also transforming education
Challenge or help? According to a recent British survey, although teachers are aware of generative artificial intelligence (AI), many do not use it at all and lack training to learn...
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Consum Plans To Open 35 Charter Stores In 2025
Spanish consumer cooperative Consum saw significant growth in its Charter franchise in 2024, with sales to franchisees increasing by 12.7% to €781.6 million. The network expanded by 6.7%, adding 43...
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MBH Bank: improving economic prospects, expanding investments, but temporarily rising inflation expected in 2025
Real wage growth, stabilizing investments and further recovery in consumption are expected in 2025, thanks to which the outlook for economic performance is more favorable compared to 2024, it was...
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Eurozone inflation rises to six-month high in January
Eurozone inflation rose to a six-month high of 2.5 percent in January, mainly due to rising energy prices, Eurostat, the European Union’s statistics office, said in a report on Monday....
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Hair care 2025: new directions and market trends
This article is available for reading in Trade magazin 2025/2-3. Mariann Karsai, senior brand manager of Henkel Magyarország Kft. cites NIQ data to tell our magazine: in November 2024 the...
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SPAR’s innovative packaging solution that uses less plastic has been recognized with prestigious awards
SPAR Hungary’s innovative packaging technology has been honored with two prestigious awards. The company’s Regnum meat plant’s flow-pack machine is used to package the meat plant’s most popular product using...
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The Chairman and CEO of Szerencsejáték Zrt. is leaving
The Chairman and CEO of Szerencsejáték Zrt. will leave his position on March 5, the company announced to MTI on Monday. Andrea Mager is leaving by mutual agreement, according to...
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Tourism results reach new heights
Among the results, he listed the low level of the unemployment rate and the development of employment, adding that 4.7 million people are currently working. The minimum wage is under...
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NGM: pensioners will be able to use VAT refunds extremely easily
Malicious comments and criticisms regarding the VAT refund of pensioners, without information on the exact regulations, are nothing more than simple, old-fashioned political sentiment-raising – this is how the Ministry...
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Hungexpo: more than 23 thousand visitors visited the Travel+ Exhibition and the Budapest Boat Show
More than 23 thousand visitors visited the 47th Travel+ International Tourism Exhibition and Experience Festival, as well as the Budapest Boat Show organized at the same time between February 20-23,...
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A Hungarian research group has developed a gene editing process for producing new grain varieties
The cereal grain research working group of the National Laboratory for Agricultural Biotechnology and Precision Breeding for Food Security has developed a gene editing process for producing economically useful grain...
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Moderate optimism and improving prospects in the Central European real estate sector
The majority of Central European real estate market players expect that the economic, investment and financing environment will be more favorable this year than it was in 2024. Deloitte’s seventh...
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Italy’s Esselunga initiates coffee capsule recycling programme
Esselunga has started a new environmental initiative in Milan for recycling used coffee capsules. The goal is to collect and process all types of capsules, regardless of material (plastic or...
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EU agreement reached to reduce food and textile waste
EU member states and the European Parliament have reached a provisional agreement on new rules to reduce food and textile waste. These would reduce waste from food processing and manufacturing...
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Business sentiment in Germany did not improve in February
Business sentiment in Germany in February proved weaker than expected, according to a survey by the ifo Institute for Economic Research, primarily due to a worsening perception of the current...
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Alibaba invests 50 billion euros in artificial intelligence and cloud technology
Chinese technology giant Alibaba has announced a major investment in artificial intelligence (AI) and cloud computing. The company will invest around 380 billion yuan (49.8 billion euros) in these areas...
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Nearly half of companies will increase cafeteria allowances for manual workers this year
In 2025, significant changes took place in the field of fringe benefits in Hungary: the range of available subsidies was expanded and new elements were added to the system. “According...
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27 EU agriculture ministers: a separate agricultural budget is needed, with regionally based subsidies!
European farmers, the daily bread of European citizens, must be protected – the Minister of Agriculture emphasized on Monday on the M1 current affairs channel. According to István Nagy, this...
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Europe’s largest private-label crisp producer further increases production
Belgian Roger & Roger is investing sixty million euros in the renovation and expansion of its plant in Mouscron, near Lille (France). The Croky crisps producer hopes this will help...
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The goal is to double the domestic use of geothermal energy by 2030
The government wants to double the use of geothermal energy by 2030, based on the National Geothermal Utilization Concept adopted last year, said the Deputy State Secretary for Energy Policy...
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Coca-Cola enters trendy prebiotic soda market with Simply Pop
The drink, which contains fiber for gut health and Vitamin C and zinc for immunity support, pits the beverage giant against fast-growing upstarts Olipop and Poppi. Coca-Cola is making its...
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Dutch Retailer Jumbo Launches Plant-Based Yoghurt From Local Soy
Dutch retailer Jumbo has launched three plant‐based yoghurt SKUs made from locally grown soybeans in more than 300 stores across the Netherlands. The products are part of the retailer’s Direct...
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LG’s latest HVAC solutions debut at AHR Expo
LG Electronics (LG) unveiled its latest heating, ventilation and air conditioning (HVAC) solutions at the world-renowned AHR Expo in Orlando, Florida. In line with the industry’s global decarbonization efforts and...
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Is commercial profits going to be reduced? Viktor Orbán criticized both retailers and department store chains in his annual review
Traders and supermarket chains have significantly increased the prices of some basic foodstuffs, and with it, of course, their profits. In January this year, milk was sold 39 percent more...
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VAT refunds on vegetables, fruit, and dairy products for pensioners: will it work?
In his annual review speech on Saturday, the Prime Minister announced that in the second half of the year, pensioners will receive a partial VAT refund for purchases of vegetables,...
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Márton Nagy negotiated with OKSZ about food prices
We are working to reduce food prices! – the Minister of National Economy announced on his social media page, adding that he consulted with representatives of the National Trade Federation...
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Online price monitoring may expand
In order to protect families, keep inflation low and strengthen retail competition, a social consultation will start on Friday on the expansion of the online price monitoring system to 100...
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This is how Kinley treated its consumers on Valentine’s Day
This year, Kinley surprised its consumers with special programs. The brand thought not only of lovers, but also of those who celebrated this day as singles, in a group of...
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