Company and Personal News
Poli-Farbe closed 2018 with a record
The Poli-Farbe Vegyipari Kft. closed its 2018 business year with net sales revenue of 12.55 billion HUF. It is an increase of almost 14 percent compared to the 11,050 billion...
Read moreOECD: this year’s global economic growth is slowing
This year’s global economic growth forecast has been worsened in the forecasts of the Paris-based Organization for Economic Cooperation and Development (OECD) on Tuesday. The OECD forecasts a global economic...
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The EU has adopted a ban on disposable plastics
The European Union’s General Affairs Council has adopted a ban on certain non-reusable plastics in response to plastic pollution – the EU Council announced on Tuesday. According to the information,...
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EY study reveals US CEOs and business leaders are AI optimists
A study of US CEOs and business leaders, conducted by EY, revealed that most senior executives (85%) classify themselves as artificial intelligence (AI) optimists, citing increased investment and trust in...
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More Than Half Of Fruit And Vegetables Now Packaging-Free At Edeka
Germany retailer Edeka has said that more than half of the products in its fruit and vegetable department are now free of plastic packaging. The retailer has been working on...
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Magazine: ‘The world has turned upside down’
Ákos Kozák (GfK) about the digitalisation process. Ákos Kozák, managing director of GfK told at a press meeting in March that the shopping habits of Hungarians had started to change...
Read moreThe CIB Bank expects slowing growth and rising inflation by 2019
This year, CIB Bank expects economic growth of around 3.5 percent, with stable inflation above three percent, however, with unchanged central bank base rate – Trippon Mariann, chief analyst of...
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ALDI will open a temporary business at another festival
In 2016, ALDI first opened a pop-up business at a music festival, and will be attending five major events this summer. This year, the store chain is preparing with an...
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The wealth of Hungarian households has grown
The wealth of Hungarian households has increased compared to the previous quarter, within which the amount of cash deposits has decreased – origo wrote on the basis of the data...
Read moreProducers in Tolna County have sown maize at a larger area
Producers in Tolna County have sown maize at a larger area, compared to last year. The rainfall in May was good for the spring-sown crops and the development of autumn...
Read moreInternational freight traffic would be directed to a new half ring road
The government initiated the construction of a new half ring road to direct international freight traffic more efficiently, by relieving sections of the M1, M0 and M5 motorways around the...
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Pistachio harvest needs police protection
Sicily is home to the world’s most-prized variety of the seed – the pistacchio verde di Bronte, or green pistachio from Bronte. Centred on the town of Bronte, the pistachio...
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NAV: what will be the fate of the seized products?
The National Tax and Customs Office (NAV) reported in a fresh Facebook post about what is the fate of the seized products – privatbankar.hu wrote. There are several solutions available...
Read moreA tracking system follows the movement of illegal tobacco products
A new EU monitoring system came into force on Monday, recognizing the movement of non-legally produced or illegally introduced tobacco products within the EU by means of a unique identifier...
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Amazon Go reconsidered its cashless shop
Amazon Go’s twelfth cashless store was opened in New York early this month and contains more modifications than before – origo wrote after Business Insider. The retail giant’s cashless stores...
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Economic growth accelerated in the euro area in the first quarter
Economic growth accelerated in the euro area and in the European Union in January-March, compared to the last quarter of last year. Hungary’s economy increased the most within the Member...
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Why the legal function must be reimagined for the digital age
The EY global survey finds that legal functions must change their operating models to maximize value from digital transformation. The recent EY legal operations survey of 1,058 senior legal practitioners...
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Mars Petcare creates new grain-free pet foods
Mars Petcare is bringing a new high-protein, grain-free line of food to the pet aisle with its new Crave brand. The brand portfolio includes 12 recipes across dry dog, dry...
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Magazine: A reform era
According to Brigitta Kosaras, brand manager (Maggi) of Nestlé Hungária, in the market of spices and sauces the summer months are better than the rest, and the same is true...
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Nagy István: profit in the food industry almost doubled in five years
The profit of the Hungarian food industry has almost doubled in the past five years, and the high quality Hungarian raw material is an essential part of its success –...
Read moreLondon analysts: domestic consumption offsets the weakening of external demand
According to London financial analysts, the strong domestic consumption, which counterbalances the weakening of external demand, is the driving force behind the robust first quarter growth momentum of the Hungarian...
Read moreWe continue to stand up to the tax exemption for home-made pálinka
Hungary still does not support the taxation of home-made pálinka cooking, and at every forum stands for the European Union to allow tax exemption for the production of fruit distillate...
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A new business park is being built in South Buda
The White Star Real Estate is building the new business park called Park22 in 22nd district of the capital. The value of the investment is 15 billion HUF – the...
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AM: Hungary contributes to the development of food security in the developing countries
Hungary contributes to the development of food security in developing countries – Nagy István, Minister of Agriculture said at the joint conference of the Ministry of Agriculture and the United...
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Agrarian digitization can open up new external market prospects
The strategy for career guidance through vocational training and the dissemination of digital solutions also contributes to broadening the gates of new markets to farmers who can use the tools...
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Euro area inflation rose in April to a five-month peak
In April, euro area inflation rose to 1.7 percent, to a five-month peak, on the basis of Eurostat’s final data released by Eurostat on Friday. In April, the annual rate...
Read moreIn the United States, consumer sentiment reached a fifteen years peak in March
With a noticeable improvement, the consumer sentiment in the United States reached a fifteen years peak in May, according to a regular monthly survey of the University of Michigan. According...
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Tesco reduces food waste by 17 per cent
Supermarket giant Tesco has reduced its food waste by 17 per cent and distributed about 63 per cent of food waste to charities, community groups, colleagues and animal feed. Reducing food...
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Italy’s Nova Coop Pilot Tests Home-Delivery Service
Italian regional cooperative Nova Coop is testing its first home-delivery service for online orders. The digital shop offers over 9,000 references from the grocery, fresh produce, and pre-packaged departments of...
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Magazine: We were ahead of our time!
There was full house at the first Hungarian Microsoft – Retail Day conference. On 7 March the representatives of the FMCG, energy, DIY and other sectors gathered to learn about the...
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