News and articles
Róbert Zsigó: the prices of foods affected by the margin freeze decreased by an average of 17.7 percent
The margin freeze came into effect a week ago, and the prices of the affected foods have decreased by an average of 17.7 percent, said Róbert Zsigó, Parliamentary State Secretary...
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NAV: online stores cannot escape paying retail tax either
Online stores must also pay retail tax if their sales revenue reaches 500 million forints; the tax rate is 0.15 percent for up to 3 billion forints, the National Tax...
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The average price of this year’s Easter eggs could be around ninety forints
The average consumer price of eggs for Easter could be around 90 forints, which means that buyers can get the food inseparable from the holiday at about the same price...
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Eurobarometer: majority of Europeans would strengthen defence and security
66 percent of all Europeans surveyed, and 63 percent of Hungarian respondents, believe that the European Union should play a more important role in protecting against global crises and security...
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Cash withdrawals to PENNY are available in all counties
Cash withdrawals with a bank card are available to anyone in PENNY stores nationwide, even in the smallest settlements. The discount chain introduced the service in 2017 for its customers,...
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The domestic food industry is getting stronger – Another 5 billion forints in support for the development of processing plants
The Ministry of Agriculture is committed to supporting domestic, quality food production enterprises. Thanks to the call for applications for the development of processing plants, implemented within the framework of...
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MATE researchers contributed to the development of antibiotic-free foie gras production
Researchers from the Hungarian University of Agricultural and Life Sciences (MATE) collaborated in the development of the breeding and husbandry technology for antibiotic-free, premium goose liver production. The research carried...
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This may hurt businesses: NAV is controlling transfer pricing more strictly than ever before
The examination of transfer prices of affiliated companies has been a priority area for years, but starting this year, the Hungarian Tax Authority is mobilizing more resources than ever to...
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5 tips for protecting your smart home
The world of smart homes is gaining momentum, as internet-connected devices – such as smart TVs, security cameras, smart light bulbs and home appliances – make our everyday lives more...
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K&H cooperates with the Sheep and Goat Inter-Professional Organization
K&H Bank has signed a strategic cooperation agreement with the Sheep and Goat Sector Interprofessional Organization, the bank told MTI. Based on the agreement, the bank strengthens its commitment to...
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Romanian sheep and goat farmers protested in Bucharest against restrictions imposed due to peste de petits ruminants (PPR)
Romanian sheep and goat farmers protested outside the government headquarters in Bucharest on Monday against new restrictions on the sale of sheep due to the plague of small ruminants. Government...
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Some consumers confused about what organic means
There’s a lot of “noise” on food and beverage packaging, which may be diluting the value of the US Department of Agriculture’s organic claim, according to Tom Chapman, co-chief executive...
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DIA Adds One Million Members To Its Loyalty Programme In 2024
Supermarket chain DIA has gained over one million new loyal customers in Spain in the past year, bringing its Club Dia membership to nearly six million. In 2024, DIA increased...
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K&H: housing loans have rebounded
The year started with a significant expansion in terms of housing loans, according to a recent compilation by K&H. The amount of housing loan contracts concluded at the financial institution...
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Hungarian researchers develop intelligent vehicles of the future
Millions of road accidents occur worldwide every year, and the vast majority of them – around 94% – are caused by human error. What if vehicles could foresee risks and...
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Heineken launches first global AI lab
Heineken has revealed the launch of the first global generative artificial intelligence (GenAI) lab which is set to be based in Singapore. The move, which came about via a partnership...
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National research: nearly three-quarters of Hungarians would renovate their homes in the next five years
The vast majority of Hungarians would modernize their homes in the near future, while satisfaction with the condition of residential properties shows a mixed picture, according to a recent national...
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Eurozone economic growth accelerates to seven-month high in March
The eurozone economy grew at its fastest pace in seven months in March, according to a joint survey by London-based S&P Global Market Intelligence and Hamburg Commercial Bank AG. Preliminary...
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Uncle Joy, the Chinese restaurateur who transformed Hungary’s gastronomic map with a hundred restaurants
Cao Cseng Jin, or as he is known in Szeged and across the country, Uncle Joy, has been working for more than a quarter of a century to bring Hungarian...
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Prices of over 500 products have decreased at SPAR
In SPAR and INTERSPAR stores, the prices of more than 500 products have been reduced from March 17, 2025, based on Government Decree 42/2025. (III.11.). SPAR is using eye-catching red...
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Nicolaus vodka brand comes up with an unusual campaign
The winners of the first-ever Nicolaus VodkAward 2024 have been announced. During the “silent awards”, Nicolaus Vodka recognized emerging creators who create real value but are not necessarily receiving enough...
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Hungarian food producers face huge opportunities in the Balkans
The Balkan Peninsula is playing an increasingly important role in European food trade, and for Hungary, it is an opportunity to be exploited due to its geographical proximity. The Hungarian...
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Where did we go wrong? An influencer spoke out about foot-and-mouth disease
The influencer duo behind Remény Farm, known as pioneers of regenerative agriculture in Hungary, have spoken out about the outbreak of foot-and-mouth disease, which is also affecting domestic agriculture and...
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European stock markets are being dragged down, in part, by falling travel company shares
Leading European stock indexes weakened on Friday morning, mainly due to the fall in travel companies, after London’s Heathrow Airport was closed for the whole day due to a fire...
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Visit Hungary: Pest, Győr-Moson-Sopron and Komárom-Esztergom had the most domestic tourists last year
More than ever before, nearly 18 million tourists arrived at domestic accommodations last year, of which about 9.3 million were Hungarian travelers. According to data from the National Tourism Data...
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Price increase and price decrease at the same time – the effect of the margin stop is felt in the first week
A significant rearrangement in food prices began following the margin freeze introduced on March 17. Although the aim of the official measure was to reduce the price of basic foodstuffs,...
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New director appointments at Hungary’s largest fleet manager, Ayvens
In a reshuffle of roles, new directors have been appointed to lead the commercial and car remarketing teams of market-leading fleet management and mobility service provider Ayvens. Viktor Hegedűs, the...
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Serious advertising controls are coming
The National Trade and Consumer Protection Authority (NKFH) and the government agencies under its professional supervision will this year prioritize the inspection of advertisements targeting children and minors who are...
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The turnover and reputation of Hungarian wine must be preserved
The turnover and reputation of Hungarian wine must be preserved, the Minister of Public Administration and Regional Development stated at the opening of the Veszprém County Wine Competition held at...
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Cautious optimism: this is how domestic SMEs manage their finances and digitalize
Hungarian SMEs are planning cautiously: while the economic environment holds challenges for them, digital solutions are playing an increasingly important role in their operations. According to the research, the demand...
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