News and articles
Next generation of family business leaders embracing digital change, but facing hurdles
Key findings: 75% of next gens believe it’s very important or essential to have a strategy fit for a digital age—but only 7% believe their firm is currently doing this...
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FM: campaign to encourage consumption and purchase of Hungarian apple has started
A nationwide promotional campaign encouraging the consumption and purchase of Hungarian apple was launched – the Deputy Minister of State of the Ministry of Agriculture (FM) announced on Thursday at...
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The Prime Minister’s Office supported the poultry holders with nearly 23 billion HUF
Within the framework of the Rural Development Program, the Prime Minister’s Office supported the modernization of 207 poultry farms with 22.6 billion forints. The Prime Minister’s Office reported that there...
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Thirteen percent increase in earnings over a year
In August, gross average earnings were 13.2 percent higher than a year before, the Central Statistical Office (KSH) reported on Thursday. The rate of growth was slightly different from the...
Read moreKopint-Tárki expects faster growth
The Kopint-Tárki Research Institute improved this year’s and next year’s gross domestic product (GDP) growth forecast. In 2017, instead of the 3.7 percent (predicted in July), gross domestic product growth...
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Analysts say wage growth may remain
Wage growth may continue in the coming months, according to analysts interviewed by MTI who report that wages will rise by 13 percent on average this year. The Central Statistical...
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There is a need for production-related subsidies, according to the agrarian chambers of the Visegrád countries
The enlarged meeting of the Agrarian Chambers of the Visegrad Four countries focused on the post-2020 Common Agricultural Policy (CAP). According to the organizations’ leaders, production-related subsidies are needed, which...
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Small help is a huge joy this year
The Hungarian Red Cross, the Procter & Gamble and SPAR Hungary are launching their charity program again this year. Last year almost 9,000 children and nearly 3800 families living in...
Read moreThe IKR Agrár Kft. has built a new dryer
The IKR Agrár Kft. owned by Andrej Babis Czech billionaire businessman has built a new dryer in its regional center in Szerencs. Within a short time, this was the second...
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These nations buy the most Hungarikums at Ferihegy Airport from the Heinemann Duty Free
Pick Salami, Unicum and spice paprika grists – just a few of the hungarians that foreigners buy in the Heinemann Duty Free shop at the Budapest Airport SkyCourt. Of course,...
Read moreA closer collaboration to help farmers
Several organizations in the agricultural sector have joined forces to help the farmers – the president of the National Association of Hungarian Farmers (Magosz) announced on Wednesday at a press...
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Nébih’s laboratory in Debrecen was renewed
The National Food Chain Safety Office’s (Nébih), laboratory in Debrecen was renewed. The molecular biology department of Nébih was renewed from about 110 million forints – the Minister of State...
Read morePay up, debtor!
Between 1 January and 31 August 2017 NAV didn’t automatically start a debt collection procedure: tax authorities notified approximately 450,000 debtors of the fact that they are owing money and...
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We spend 330 billion forints annually on vegetables and fruits
Domestic households purchase 165 kilogrammes of vegetables and 89 kilogrammes fruits a year, worth over 330 billion forints. <img class=”alignnone size-full wp-image-935303″ src=”https://trademagazin.hu/wp-content/uploads/2017/10/Budapesti-Nagybani-Piac.jpg” alt=”” width=”720″ height=”479″ /> Half of this...
Read moreGfK: The structure of the domestic online FMCG traffic approaches the structure of daily consumer goods turnover
According to GfK Commercial Analyzes’ study on this year’s first semester, households have rarely purchased larger amount of daily consumer goods between January and June 2017. In the first half...
Read moreInvitation: How to export successfully to Canada?
Invitation The Budapest Chamber of Commerce and Industry III. Trade, Trade Service Department, and the Canadian-Hungarian Chamber of Commerce will be pleased to invite you to the How to export...
Read moreThe Government is initiating the development of an irrigation development strategy
The Hungarian government considers it necessary to create an irrigation development strategy. According to the Government Decree published in the latest issue of the Hungarian Gazette (Magyar Közlöny), the Government...
Read moreAnti-Counterfeiting Board: Two-thirds of Hungarians would punish counterfeiters more rigorously
Two thirds of the Hungarians would punish the counterfeiters more rigorously and increasingly sees the risks of counterfeit products – Németh Mónika, secretary of the National Anti-Counterfeiting Board told M1...
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Development at the Kalocsa Fűszerpaprika Zrt.
The Hungarian food industry is one of the industry’s leading sector, so growth is significantly important in this area – Lepsényi István, Minister of State of the Ministry of National...
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The 21st Csabai Sausage Festival begins on Thursday
The four-day 21st Csabai Sausage Festival begins on Thursday. The 40,000 square meter “sausage city” was built near the city sports hall. Hégelyné Győrfi Ilona, Program Director, told MTI that...
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The price of sunflower is declining
More than last year, almost 211 thousand tons of sunflowers were harvested in Békés County – agrarszektor.hu wrote. This quantity can be considered as average, but the content of the...
Read moreThe EU supported the fight against climate change with 20 billion euros last year in the developing countries
The European Union supported the combat against climate change with about 20 billion euros (6,200 billion forints) in the developing countries last year – the Council of EU Member States’...
Read moreNAV’s new direction
This autumn the Hungarian parliament will debate important changes in tax procedures. According to András Tállai, president of the National Tax and Customs Administration (NAV), the new tax law will have...
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KSH: household consumption grew in each main groups in the first half of 2017
In the first half of the year, household consumption grew in all main groups, compared to the same period of 2016, reaching 4.5 percent in real terms and 7 percent...
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The government provides 300 billion HUF to the food industry
In order to strengthen the food industry, the government has approved the 20-point food safety action plan and provides 300 billion forints for the development of the sector – Laszlovszky...
Read moreA partnership agreement was signed between the Trust Public Interest Retired Co-operative and COOP
Surveys, news reports and a large number of employers’ statements testify to the fact that the Hungarian economy faces an acute labor shortage. The shortage affects both the fairly wide,...
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Pet food to be distributed for the ninth time within the “Help the Shelters” campaign
Mars Magyarország is announcing the traditional “Help the Shelters!” campaign for the ninth time this autumn. The food manufacturing company is back to help animal shelters and their four-legged residents....
Read moreA new logistics center was opened in Veszprém
Penny Market opened its third logistics center in Veszprém, that serves the Western-Hungarian shops, significantly increasing the capacity. At the opening ceremony, Jens-Thilo Krieger the Managing Director of the food...
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Danone increased its sales in the third quarter of this year
The French food industrial group announced on Tuesday that the company reached a turnover of 6.454 billion euros in the third quarter of this year. This is a 4.7 percent...
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