Company and Personal News
GKI: Business expectations improved, consumer ones worsened in May
After its two-year low in April, the GKI economic sentiment index rose slightly in May. Alt-hough expectations reflect strong optimism, they are now the lowest in the past two years...
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Nagy István: greenhouse is a serious resource for domestic vegetable production
Greenhouse is a serious resource for domestic vegetable production, and through the Rural Development Program and other subsidies, nearly ninety-one hectares of greenhouses will be built by the end of...
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A promotional campaign is launched to promote rabbit meat
The campaign to stimulate the consumption of rabbit meat organized by the Ministry of Agriculture (AM), the Agrarian Marketing Center (AMC) and the Rabbit Inter-Trade Organization and Product Council was...
Read moreA bio-brewery was inaugurated in Gyulavári
A bio-brewery was inaugurated in Gyulavári on Friday, with a planned capacity of 100 thousand liters of beer per year. Ráki Zsolt, Managing Director of the Körös-Maros Biofarm Kft., owned...
Read moreChina is Hungary’s most important non-European foreign trade partner
China is Hungary’s most important non-European foreign trade partner. According to the estimates of the Ministry of Foreign Affairs in 2018 foreign trade between the two countries was close to...
Read moreITM: successful Hungarian stand for domestic carriers
The firm action of the Hungarian delegation prevented the increase of the quota of carriers from countries outside the European Union at the Annual Transport Summit of the International Transport...
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The Natura Brazilian company acquires Avon
The Natura Brazilian cosmetics company acquires Avon Products, a US company, thus creating the world’s fourth largest cosmetics company in the beauty industry -Natura told MTI in a communication. The...
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Kika sold its network of stores operating in Hungary and three other countries in Central and Eastern Europe
The Austrian Signa Group, the owner of the Kika home furnishings chain, sold its shops in Hungary, the Czech Republic, Slovakia and Romania to the Austrian company XXXLutz – the...
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Israeli scientists brewed beer from five thousand years old yeast
Israeli scientists brewed beer from five thousand years old dried yeast residues, found by archaeologists in pots – The Jerusalem Post reported. The relatively low alcohol content beer was a...
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The world’s smallest McDonald’s launched
Some of McDonald’s restaurants in Sweden have beehives on their rooftops. The initiative started out locally but is now growing. More franchisees around the country are joining the cause and...
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John Lewis Tests ‘Click And Collect’ Service With Co-op
The move is part of John Lewis & Partners’ strategy to reach more customers by leveraging its supply chain. The service will be extended to five Co-op food stores by...
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Magazine: Fewer holes in the cheese market
The cheese market became a bit less hectic last year: the price of milk didn’t change as often as before. Thanks to the rather constant cheese prices, consumer demand was...
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The development of Etele Plaza and Budapest ONE reached a milestone
The realization of South Buda’s future commercial and business driving force, Etele Plaza and Budapest ONE office park entered into the next phase. The Futureal Group will soon be ready...
Read moreThe loan portfolio of agricultural enterprises grew
According to a research, the loan portfolio of agricultural holdings of agri-food enterprises grew by 0.57 percent, compared to the end of the last quarter of 2018, while compared to...
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More than 10,000 children receive a candy package on children’s day
The last Sunday of May is a children’s day, and the Hungarian Food Bank Association is preparing a special competition for this event. Not all children are fortunate enough to...
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MNB: the shock resilience ability of the Hungarian banking system remains strong
The shock resilience of the Hungarian banking system remains strong, and the institutions of the domestic banking system would meet regulatory expectations even in the event of a significant negative...
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The ti:me Agency won a Bronze Award at the A ‘Design Award for designing the paradigm shift package of the Ooops! brand
The ti:me Agency won a Bronze Award at one of the world’s most important international design competitions with the paradigm shift design package of the Ooops! brand of the Hungarian-owned...
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Parents spend 2-6 thousand forints on toys on children’s day
Hungarian parents spend 2-6 thousand forints on toys and games on children’s day. Most of them buy outdoor or development toys and sports equipment – according to the survey sent...
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The future paper handkerchief to be made of straw
One of the world’s largest manufacturers of hygiene paper products, Essity, announced a 12 billion HUF green development. In the future, the company will produce household and industrial professional hygiene...
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Apple is leading Forbes’ top 100 list
Apple is leading the top 100 list of Forbes’ most valuable brands. On the top 100th list of the Most Valuable Brands of Forbes, Apple was ranked 1st with 205.5...
Read moreThe German business sentiment has deteriorated
In May, the German business sentiment index of the Ifo Institute for Economic Research of the University of Munich deteriorated with a greater extent than expected. According to a survey...
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Global M&A appetite at 10-year high fueled by portfolio reshaping
59% of companies worldwide plan deals in the next year fueled by portfolio reshaping Strong M&A intentions accelerated rather than stalled by uncertainty Despite Brexit uncertainty, UK is top investment...
Read moreDreher launches new products
After the earlier transformation of its Dreher Classic into Dreher Gold, the Hungarian brewery has announced the introduction of a brand new Dreher Red Ale and a new appearance for...
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A five-star flavour by Fanta: the new Fanta Melon Soda is here
One of the most delicious green sodas that you will ever try! Much different than traditional Fanta soda, this product has full melon flavor which is perfectly balanced with the...
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X5 Retail Group Opens 15,000th Store In Russia
Russian food retailer X5 has announced that it has opened its 15,000th store. The new launch is a Pyaterochka outlet in Zelenograd featuring a new store design. The new features...
Read moreOECD: the growth of the Hungarian economy is slowing down, but remains strong
The growth of the Hungarian economy is slowing down but remains strong this year and next year -according to the latest OECD forecast released on Tuesday. Analysts from the Paris-based...
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COOP’s poition is stable
After a growth of about 4 percent, the COOP Economic Group achieved a turnover of 627 billion HUF last year. The company despite all the changes and the pressures of...
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Nagy István: the new Animal Husbandry Act establishes a successful era in the sector
The new Animal Husbandry Act establishes a successful livestock breeding era. The draft is already before the Parliament – the Minister of Agriculture said on Wednesday in Domony. In his...
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The Hungarian Product is promoted with an advertising film
The Magyar Termék Nonprofit Kft. (Hungarain Product Nonprofit Ltd.) has started an advertising campaign to support the growing recognition of trademarked products in the social media. The advertising film sets...
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Farmers have no money to switch for the alternative breeding of laying hens
Farmers are not strong enough to move to alternative hatchery. The change would require a huge investment within a short period of time, as 90 percent of Hungarian production comes...
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