Company and Personal News
Analysts: earnings outperformed expectations
Earnings surpassed expectations last November, according to analysts interviewed by MTI, and this year is likely to be above 9 percent. Horváth András, senior analyst at the Savings Bank, emphasized...
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Food producer prices have risen well above the average
In December last year, industrial producer prices increased by 2.4 percent year-on-year – the Central Statistical Office (KSH) announced on Monday. Domestic sales prices increased on average by 3.3 percent,...
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Baba appears in a new segment with the Premium Natura Shower Gel
Celebrating its 100th anniversary, Baba is rejuvenating its portfolio – and its target audience – with new shower baths. The new products are shelved under the name Baba Natura and...
Read moreThe Purchasing Manager Index decreased in January
The seasonally adjusted January Purchasing Manager Index (PMI) became 52.5. It is lower than the 53.9 of December and it is the fifteenth highest since January 1995, the Hungarian Logistics,...
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Coca-Cola’s revenue increased
The flash report season in the United States continues. Coca-Cola published its figures for the last quarter of 2019 – Világgazdaság Online wrote. The beverage giant was finally able to...
Read moreGerman retail trade union urges constitutional amendment due to Sunday closing rules
The German constitutional law needs to be amended because of the regulation on Sunday store closure – the head of the Handelsverband Deutschland (HDE) told on a Friday. While online...
Read moreThe EU offers duty-free trade to Britain
The EU offers London an agreement on trade free of duty and quotas. This could be the central pillar of the partnership between the Union and Britain, privatbankar.hu quoted EU’s...
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(HU) FAO: Az intenzívebb időjárási sokkok milliókat életét keserítik meg Afrika déli részén
Sorry, this entry is only available in HU....
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Biokontroll: Not everyone passes the test
According to Zsolt Kanyó, the head of Biokontroll Hungária Nonprofit Kft.’s development department, the size of land used for ecological farming is approximately 300,00ha in Hungary – about 6 percent...
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Magazine: Supermarkets can use private label products as a weapon
The Private Labels Manufacturers Association (PLMA) has a monthly news programme at PLMALive.eu, called Newsdesk, and our magazine now presents to you the highlights of the October edition. In the...
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Public cash stock set a record high
It has increased by 102.5 billion HUF in December and reached 6,627 billion HUF by the end of the year. The public cash stock in Hungary is an average of...
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Earnings increased by 13.9 percent in November last year due to bonuses
As a result of non-recurring salary items – last November, average gross earnings were 403,500 HUF, 13.9 percent higher than a year before – the Central Statistical Office (KSH) announced...
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Demand for the quality wines of the Varga Winery increased last year
The Varga Winery sold more than ten percent more wine last year than a year before. Within that, premium wine sales rose to fifty percent, with around 800,000 bottles sold...
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The external trade balance remains in surplus
The euro value of exports rose 0.2 percent in November last year, while imports fell 0.3 percent year-on-year. The balance of foreign trade in goods improved by 44 million euros...
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Black mangalica has become a protected, indigenous breed
The black mangalica was recognized by the Ministry of Agriculture in June 2019 as a stand-alone breed, and an amendment to the zootechnical regulation issued at the end of January...
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40 thousand hectares of wetlands have been renewed from more than 20 billion HUF
In the 2014-2020 EU cycle, 40,000 hectares of wetland habitats have been reconstructed in Hungary through 34 projects – the Minister of State of the Ministry of Agriculture said on...
Read moreGerman retail sales were weaker than expected in December
German retail sales underperformed analysts’ expectations in December, year-on-year and month-on-month. The German Federal Bureau of Statistics, Destatis, announced on Friday that retail sales grew 0.8 percent year-over-year in December,...
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Euro area GDP grew less than expected
Euro area’s gross domestic product (GDP) grew less than expected in the fourth quarter, compared with the previous three months. The European Union’s Bureau of Statistics (Eurostat) first released estimates...
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Amazon’s rate is rising sharply thanks to the better-than-expected flash report
Amazon’s stock price has risen sharply after the fourth-quarter report of the company that has outperformed its rivals and became better than analysts’ expectations and forecasts. The stock price of...
Read moreSeveral large companies operating in China have introduced precautionary measures
A number of international corporations operating in China have introduced precautionary measures to curb the spread of the new coronavirus outbreak, according to reports released by the companies. Facebook has...
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Swiss watch exports increased
Switzerland’s watch exports rose year-on-year in December, partly due to the expanding Chinese demand, as well as being one working day more in the last month of last year, compared...
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Bye-bye sugar: When the goodbye is sweet
In 2018 there was 950 million litres of carbonated soft drink sold in Hungary (including flavoured waters and ice teas), which stands for more than 38 percent of total non-alcoholic...
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Which brands have won with the meatball gate
On Monday, Lidl Hungary is likely to have created a historic post and launched a virality that has become known as the meatball gate. In a nutshell, lots of brands...
Read moreTesco opens stores at gas stations
Tesco recently opened a shop at a Shell gas station in the 9th district of Budapest, in the Haller Street – origo wrote. Three more stores at gas stations will...
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The Food Bank rescued 11 thousand tonnes of food last year
About 11,000 tonnes of food were saved from destruction and delivered to the needy last year by the Hungarian Food Bank Association – the organization announced on Thursday. As reported,...
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Analysts: further employment growth faces barriers
Labor market expansion is increasingly constrained. Expanding training opportunities and further development of vocational trainings are essential for the continued involvement of the public, the unemployed and the inactive –...
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Ten countries restrict Hungarian poultry exports already
The number of countries that have restricted Hungarian poultry imports due to highly pathogenic avian influenza has continued to rise in recent days – mfor.hu wrote. On 12 January, Nébih...
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The capital increase proposal of Alföldivíz Zrt. was rejected by the local governments
Alföldvíz Zrt. forecasts a loss of more than 1.7 billion HUF for this year. The local government owned company wanted to resolve this year by raising its equity capital, but...
Read moreIntrum: consumer sentiment has slightly worsened in our continent
Almost half of those surveyed in EU Member States believe that their financial balance has deteriorated and that the future is increasingly uncertain, compared to last year, according to an...
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Apple sold the most smartphones in the fourth quarter
South Korea’s Samsung Electronics Co. retained its leading position in the global smartphone market last year, but Apple Inc. topped the list in the fourth quarter – according to the...
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