News and articles

The IMF improved Hungary’s GDP growth forecast for this year and for the next year

The International Monetary Fund has improved Hungary’s GDP growth forecast for this year and next year in its autumn global economic forecast. According to the World Economic Outlook, October 2017...

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Disadvantaged regions can become the engine of developing economies

Disadvantaged regions can become the engine of developing economies. These regions have significant growth potential in food production and other related industries, according to a recent summary of the Food...

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The giant pumpkin record may be over 900 kilograms

A man from Utah who has loved giant pumpkins since childhood is trying to set a state record for the second time with a nearly 907-kilogram gourd he’s been tending...

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On the way of turning into a major company

With a volume growth of 660 million HUF and a income growth of 16 percent, Kulcs-Soft is fast turning into a major domestic company producing softwares. Compared to the first...

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(HU) Nemzetközi retail hírek, hazai elismerésekkel

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KSH: inflation slowed down in September

In September, consumer prices were on average 2.5 percent higher than last year, after the 2.6 percent of the previous month. Compared to August, prices increased by an average of...

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2017 is the “century’s” vintage

Although the calendar is still in the beginning of October, the “big harvest” ends in the majority of wine regions this weekend, so in the Varga Winery. The yield has...

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SPAR won Superbrands Award

SPAR Magyarország won one of the most important international brand evaluation award, the Superbrands title for the ninth time. In addition to the expert jury, the organizers were also interested...

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Intersnack continues to be the largest Hungarian spice paprika exporter

The manufacturer of Chio products, the Intersnack, buys 200 tons of spice paprika in Hungary this year and continues to be one of the largest Hungarian pepper paprika exporters. The...

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Tesco fights against breast cancer together with its customers

Almost eight thousand new patients are diagnosed with breast cancer every year in Hungary. Tesco joins again to the GoPink! international campaign in October to raise awareness of breast cancer...

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Csányi Sándor is expanding the Bonafarm Group with a new company

Csányi Sándor, Chairman and CEO of OTP, integrates the Pápa-based Agroprodukt Zrt. into the Bonafarm Group. The company has recently become the businessman’s interest. The structure of the Bonafarm Group...

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The Bio-Fungi Kft. is planning a 5-10 percent growth this year

One of the most significant Hungarian mushroom producing companies, the Bio-Fungi Termelő és Kereskedelmi Kft. (Bio-Fungi Producer and Trading Ltd.) plans to increase its sales revenue by 5 to 10...

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The Disznótoros Sausage Festival to be held in Budapest for the fourth time

For the fourth time, the Disznótoros Sausage Festival will be held in Budapest in the Hungarian Railway History Park, where, besides family programs and folklore programs, a sausage fair and...

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A boom on the luxury goods market

The LVMH, owner of the Louis Vuitton and the Italian textile manufacturer Loro Piana released outstanding results in the third quarter, suggesting that the market for luxury goods continues to...

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Three million HUF worth cigarettes were found in a converted car at Beregsurány

About three million forint worth cigarettes were found in a car converted into a smuggler vehicle by the finance officers of the National Tax and Customs Administration (NAV) at the...

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The meat imports expanded by 84 percent

Mostly due to the bird flu the export of Hungarian poultry meat decreased by more than 16 percent in the first seven months of the year. Meanwhile, meat imports expanded...

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KSH: imports in exports increased even more in August

In August, exports in euros were 10.3 percent, imports 13.0 percent more than in the previous year. The trade surplus was 440 million euros, 119 million euros less than in...

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Kométa will start to produce new products

After a serious investment, Kométa 99 will start to produce new products – privatbankar.hu wrote. The Kométa 99 Zrt. will start to produce new products by processing the by-products of...

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Analysts: the increase in imports reflects the rise in domestic demand

The 13 percent increase in imports in August reflects the rise in domestic demand, while exports increased by 10.3 percent in line with the August increase of industrial output, according...

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Trade with China can be doubled

By the end of the decade, the volume of trade between the Central and Eastern European region and China could reach 100 billion USD, which is almost twice the value...

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More than half of the Hungarian households are unable to save

Less than half of Hungarian households can save some minimal amount of money and most of them are afraid of unexpected living situations. Young Hungarians are mainly collecting for their...

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Several jobs may be terminated within ten years

As a result of digitalisation, more than a dozen jobs may be lost over the next ten years due to technological development. This will mostly affect factory workers, carriers and...

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Free wifi access points to come all over Europe

The European Union will fund the establishment of at least 6,000 free wireless internet access points across the bloc by 2020 under a scheme called WiFi4EU, the European Council said...

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The General Electric would double the number of suppliers from Central and Eastern Europe

By 2020, the General Electric (GE) wants to double the volume of products and services purchased from Central and Eastern European SMEs, including Hungarian businesses – piacesprofit.hu wrote. The company...

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(HU) GKI: A munkanélküliség csökkenése ellenére nem tűnt el a félelem

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Magazine: Beyond the candy mountain

The market of candies, lollipops and chewing gums is very colourful. There are old favourites such as gummy candies and there are new, functional products as well. One thing is true for...

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The Russians expect record grain production

According to Russian President Vladimir Putin, in Russia, this year, about 130 million tonnes of record crops are expected – origo.hu wrote. Russian Prime Minister Vladimir Putin evaluated the grain...

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Irrigation alleviates the risks of extreme weather

The importance of irrigation was discussed by the Minister of Agriculture at Kisújszállás on the occasion of the Tisza Valley Conference on Saturday. Fazekas Sándor said that irrigation has a...

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Made in Hungary: Milka’s new wave chocolates are being made in Székesfehérvár

The Milka’s new wave chocolate the Milka Waves is produced in Székesfehérvár for the entire European market. The production of the iconic alpine chocolate has moved to Mondelez’s plant in...

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NGM: Hungary to protect ekáer

The government is doing its best to defend the domestic electronic road traffic control system (ekáer) that is recognized by the European Court of Auditors as well. The electronic road...

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