HATC SAMPLE EDITION:
|
|
8th May, 2025
30 product groups to be subject to cap on mark-ups
Index has obtained a list of the 30 product categories set to be covered by the government’s cap on product mark-ups.
Economy Minister Marton Nagy said earlier this week that the cap on mark-ups would apply exclusively to drugstore chains such as Muller, Rossmann and DM, which account for 40% of the market, sparing supermarkets and other retailers.
The list of goods includes essential everyday items such as toilet paper, paper tissues, toothpaste, tampons, deodorants, laundry detergents, dishwasher tablets, disposable razors, and even aluminium foil.
The government is expected to announce the new measure, to be in effect from mid-May until September, on Thursday. (index.hu; forbes.hu; portfolio.hu; infostart.hu; mfor.hu)
|
8th May, 2025
MOL ramps up investments in renewables
MOL has earmarked euro 700 million over the next five years to expand its green power generation and storage capacity as part of its “Shape Tomorrow” strategy, Peter Labancz, executive vice-president for the group’s industrial and corporate services, told Portfolio in an interview.
The company has announced a series of solar and battery storage projects in recent months, including the acquisition of the 66MW solar power plant in Balloszog, Bacs-Kiskun county, which could meet 4-5% of the company’s electricity needs.
MOL aims to meet an annual demand of 2,500GWh of renewable electricity by 2030 to support its sustainability goals across fuel and petrochemical production, he added.
Along with ramping up renewable production, the energy company is also planning to install 1GWh of storage capacity in the future, which is more than ten times the total storage capacity currently built in the country.
MOL estimates that its solar developments alone will cut carbon dioxide emissions by 35,000-40,000 tons annually, equivalent to roughly 4% of its current annual emissions of one million tons.
MOL expects to reach its targeted 30% cut in emissions by the end of the decade and is constantly assessing ways to increase the share of renewables in its energy mix through various acquisitions, Labancz added. (portfolio.hu)
|
8th May, 2025
Coca-Cola changes labelling practice
Coca-Cola will revise its bottle labelling across the EU to address concerns about “greenwashing” (the practice whereby goods or services are misrepresented as more environmentally friendly than they actually are), competition watchdog GVH announced on Wednesday.
The inquiry, led by the Consumer Protection Co-operation Network, the EU body of consumer protection authorities, focused on slogans used by the global soft drink maker, which authorities considered vague and potentially deceptive.
As part of the agreement, Coca-Cola will change such statements across its EU-wide packaging and marketing campaigns within 6-18 months.
The company will display a caption on its bottles reading “I am a 100% recyclable PET bottle, excluding label and cap” and “Recycle me”, instead of “Recycle me again” to avoid the impression that the recycling is a closed-loop system.
The soft drink giant has also committed to aligning its online and social media campaigns with the new messaging within three months. (vg.hu; portfolio.hu)
|
8th May, 2025
Richter looks to enter weight-loss market
As treatments previously used to help diabetics are increasingly being used as weight-loss drugs, Richter is joining the development of one such product.
Richter has signed a development and licensing agreement with Hungarian pharmaceutical company Adalvo to develop an injection for chronic weight loss.
The agreement covers global rights, with the two companies sharing development costs and profits.
Richter is entitled to use the supply chain selected under the agreement to manufacture the product, but may also produce the product in its own factory for direct distribution.
Semaglutide has long been used to treat diabetes, but in recent years it has been marketed as a weight-loss drug.
These products, which mimic the hormone GLP-1, cause the body to produce more insulin after meals and also make the consumer feel full.
Seeing how popular the latter effect has become among people without diabetes, many drugmakers are developing various medications specifically designed to help with weight loss. (hvg.hu)
|
8th May, 2025
Meszaros eyes foreign expansion
Billionaire Lorinc Meszaros is apparently targeting foreign markets with his new company Talentis International Infrastructure registered on April 28, Menedzsment Forum writes.
The company lists asset management as its core activity. While no specific infrastructure projects have been disclosed, the English-language name and euro-denominated capital suggest a focus on cross-border ventures, the website observes.
The new business is a subsidiary of the Talentis Group, the flagship of Meszaros’s sprawling business empire.
The company’s CEO, Tamas Nemeth, also heads MKIF, the private consortium that won a 35-year concession to operate and expand Hungary’s motorway network.
In addition, Nemeth also oversees Talentis International Construction Investments, the Meszaros entity that acquired a cement factory in Bosnia.
Meszaros also entered the international agricultural sector last year, through Talentis International Agriculture Investments. All three companies are registered at the same address. (mfor.hu; 444.hu; nepszava.hu; hvg.hu; hang.hu)
|
|
|
|
Contact