News and articles
Brussels’ VAT return: 150 billion euros losses due to VAT frauds
At the beginning of October, the European Commission (EC) presented a reform plan for the EU VAT law, the main objective is to reduce the scope of VAT frauds and...
Read moreMcDonald’s changes its name in China
The U.S. fast food giant McDonald’s Corp is getting a name change in China – at least on paper. The company will change its registered business name to “Golden Arches...
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Magazine: Squash’s price increased
Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) revealed that a few weeks ago Canadian/orange squash has turned up at the Budapest Wholesale...
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The Magyar Termék would join the government’s action plan
In 2018, MAGYAR TERMÉK Nonprofit Kft. plans to actively participate in the government’s action plan aims to promoting Hungarian food products. The company, which operates the Hungarian Product (Magyar Termék)...
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School starting not only burdens the parents’ wallet
At the invitation of eMAG.hu, belonging to the South African Naspers group, GKI Digital sought out the question within the eMAG customer survey: which products were the most popular in...
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Reinforced strategy, new marketing and sales directors at HEINEKEN Hungária
Heineken Hungária intends to further strengthen its position on the Hungarian beer market with a strategy based on quality and innovation and with sustainable operation, with several new leaders in...
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The SPAR provides 13th monthly salary for its staff
Among the domestic retail chains, SPAR is the only that provides the 13th monthly salary. This means additional income for nearly 13,000 workers in the pre-Christmas period. In addition, the...
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The OTP Bank strives to increase its agricultural loan portfolio
The Hungarian agriculture is an important business area for the OTP Bank and therefore strives to increase its agricultural loan portfolio – the bank’s CEO said on Tuesday in Budapest....
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FM: ducks and goose liver can be exported to Thailand by Hungarian companies
The Hungarian companies can transport duck and goose liver, as well as poultry and hatching eggs to Thailand – the Ministry of Agriculture told MTI on Wednesday. According to the...
Read moreHungary stands by the two-pillar EU common agricultural policy
Hungary stands by the EU’s common agricultural policy (CAP). This is the interest of the Hungarian farmers – the Minister of Agriculture told M1 news channel. Fazekas Sándor recalled that...
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Dreher: a job fair with a mug of beer
Dreher Breweries will hold an unusual job fair on 7 November in Ankert. The future employees and inquirers can become acquainted with Hungary’s largest brewery within informal conversations, interactive case...
Read moreLess profit could be left for SMEs
The domestic companies expect a 8.6 percent higher sales revenue than before and a moderate profit growth of 4.5 percent – according to the K&H SME confidence index research. Regarding...
Read moreThe new cooperative form for pensioners is popular
Within three months, 36 Public Interest Pensioners Cooperative were established in Hungary and their number is likely to rise further – Hantos Zoltán, project manager of the OPTEN company information...
Read moreThe speakers of the World Export Development Forum emphasized the increase in the competitiveness of smaller companies
The World Export Development Forum (WEDF) was organized in Central Europe for the first time. The event was opened on Wednesday. Szijjártó Péter, Minister of Foreign Affairs and Arancha González,...
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Five super-autumn fruits and vegetables that can be combined with turkey
The cooler autumn has come as well, so we want cooked foods more, but we do not want to ruin our spring-summer diet. The dietary-recommended low fat and protein-rich turkey...
Read moreP&G CEO Challenge competition is on
If you think you’ve got what it takes to set out a high-level strategy for a billion-dollar brand, test your business knowledge on our global CEO challenge. Sign up to...
Read moreMobile payment is popular in China
The developed countries in the world, such as Sweden, have set themselves the target of becoming a completely cashless nation sooner or later. Although such an economy seems to be...
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Partners meeting at STI Petőfi Printing House
In 2017 STI Petőfi Printing House Kft. invested HUF 1.5 billion in increasing its production capacity and improving efficiency. The new machines – Speedmaster XL printing machine and Bobst Expertcut die cutting...
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No cash from January
Budapest Sportaréna and MasterCard announced in September that the arena’s modernised entry system can now manage QR codes and NFC tickets. A Budapest Aréna smartphone app will also be launched, making...
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I lay my head where there is internet
eNET and Telekom have teamed up to prepare a study on changes in the concept of ‘home’. An online survey was conducted in September, according to which for 88 percent of...
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System integrators, start testing!
CHS Hungary Kft. opened a training and demo centre on 8 September in Budaörs. The complex houses the latest technological solutions of DELL EMC and gives future buyers the chance to test...
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Our new colleague: artificial intelligence
Accenture Research, with the participation of Frontier Economics, prepared a forecast for 2035 about the influence of artificial intelligence (AI) on the economy. A study done in 16 industries of 12...
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Szuro-Trade develops renewable energy system
Nyíregyháza-based Szuro-Trade Kft. is going to invest HUF 1.34 billion in developing a renewable energy system for drying crops. From the Széchenyi 2020 programme the company will get a HUF 850-million funding. //...
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More than a billion forints for research and development
GOF Hungary Cereal, Oil and Protein Crop Growing Coordination Kft. is investing HUF 1.13 billion in building a factory that will produce gluten-free baking industry mixes in Nyíregyháza. From the project’s budget...
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State Horse Farm in Mezőhegyes to expand next year
Early next year the State Horse and Model Farm in Mezőhegyes will be modernised and expanded from a budget of HUF 8.2 billion. Part of the project will be completed by...
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New-type dietary supplements to be developed in Győr
New-type dietary supplements – they contain medicinal herbs too – will be developed at the Széchenyi István University in Győr. HUF 856.5 million is going to be invested in research and...
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Bio-Fungi plans production capacity increase
Bio-Fungi Kft., one of Hungary’s biggest mushroom growers that produces in Áporka and Ócsa, calculates with a 5-10 percent increase in sales revenue this year. Last year the company’s sales were...
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Krones AG invests in Debrecen
German company Krones AG – the market leader in packaging liquid food and drinks – will invest almost HUF 15 billion in Debrecen. The project will result in 500 new jobs...
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One of Europe’s biggest isomalt factories built in Tiszapüspöki
One of the biggest and most modern cereal processing and isomalt factories in Europe has been built in Tiszapüspöki. From the project’s budget HUF 6 billion was own resources and a...
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The expansion of the seasoning pepper industry in Kalocsa
Kalocsai Fűszerpaprika Zrt. – the market leader in Hungarian paprika production, processing and selling – has invested HUF 267 million in technological development. The Ministry for National Economy granted HUF 133 million...
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