News and articles

Retail sales in the Czech Republic increased by 4.8 percent last year

Compared to last year, retail sales in the Czech Republic increased by 4.8 percent – the Czech Statistical Office (CSÚ) announced on Tuesday in Prague. A year before, in 2017,...

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Economic sentiment is on a four-year low in the euro area, according to ifo’s survey

The economic sentiment for the first quarter in the euro area fell to a four-year low, according to an analysis by the University of Munich’s Ifo Institute for Economic Research...

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Magazine: Organic connections

The Hungarian Cosmetics and Household Chemicals Association (KOZMOS) is 25 years old in 2018. On 24-25 October they organised their annual conference in Visegrád. General secretary István Murányi opened the...

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VAT reduction on milk resulted in cheaper milk

As a result of the VAT reduction on milk, fresh milk is now 4-5 percent cheaper than before. The VAT reduction of the UHT and ESL milk in January this...

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Raiffeisen expects 3.4 percent growth this year

This year, the economy may grow by 3.4 percent in Hungary, but in 2020-2021, the economy is expected to grow by only 2-3 percent – RaIffeisen Bank told MTI in...

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Producers have to adapt to the new challenges of fish farming

The new challenges for fish farming have to be adapted by the European Union and Hungary, and besides the economic benefits, the development of fish farming in Hungary would result...

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Imports increased

In November last year, the value of exports calculated in euro increased by 4.5 percent, while the value of imports calculated in euro increased by 7.3 percent – according to...

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Lédó Ferenc was elected as the agricultural professional of the year

The jury awarded the agricultural professional of the year 2018 title to Lédó Ferenc, chairman of the FruitVeb Vegetable-Fruit Interprofessional Organization – Privátbankár.hu wrote. According to the announcement of the...

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Chinese imports increase customs revenue significantly

Due to the arrival of Chinese goods to Hungary, the customs procedures performed by the National Tax and Customs Board (NAV) have increased significantly, and the amount of customs revenue...

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The Siberian discount chain also appeared in Leipzig

A Siberian concern opened its first discount food store in Germany in the suburb of Leipzig – piacesprofit.hu wrote. photo by mz-web.de Founded in 2009 in Krasnoyarsk, Siberia, the Torgservis...

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The sentiment of American consumers are above expectations

Compared to December, the US consumer sentiment weakened, but were above expectations in January – according to the regular monthly survey of the University of Michigan. The January consumer sentiment...

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Swine fever was detected in Sepsiszentgyörgy

About sixty pigs are to be killed in the Őrkő district of Sepsiszentgyörgy, where the appearance of African swine fever (ASP) was confirmed at the end of last week –...

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Luckin Coffee opens new cafes in a row

Luckin Coffee picks Credit Suisse for 300 million USD share sale. The deal could take place in the second quarter of this year. Luckin Coffee, the ambitious Chinese startup rolling...

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There is a great need for a shop assistants across Europe

There have never been such great need for shop assistants in the European Union member states – penzcentrum.hu wrote. According to EURES, the European Job Mobility Portal, 75,000 shop assistants...

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Five easy practices by Gijs van Wulfen to be more innovative

Innovation is one big struggle. Not being able to change habits within the organization. Being creative at the wrong moment. Frustrated by budget cuts. Confronted with a lack of entrepreuneurship....

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15 million purchases at OMV

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First Global Women’s Network at FRUIT LOGISTICA 2019

On 8 February 2019, exactly one month before International Women’s Day becomes a new public holiday in Berlin, the first Global Women’s Network will take place at FRUIT LOGISTICA at...

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New commercial director at Bonafarm

Starting from 1st January 2019, György Sóskuti is the new commercial director at Bonafarm Group. The expert has been working in the FMCG-sector for nearly two decades. Prior to joining...

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According to the OECD, further reforms will contribute to a stronger and more inclusive Hungarian economic performance

Due to the high employment level, the Hungarian economy is in the middle of a strong recovery, which also increases wages, consumer confidence and domestic demand. According to the new...

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The KSH conducts a trial census in agriculture in February

The Central Statistical Office (KSH) is conducting a full agricultural census in the summer of 2020 (Agrárcenzus 2020). The agency is conducting a trial test between 1 and 28 February...

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The rate of childhood obesity stopped in Hungary

Due to various legislative changes and professional cooperation, the proportion of overweight people among Hungarian children was halted – the Minister of State, responsible for Health told at a professional...

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SMEs are calculating with stable financial results

Companies are calculating with stable 8 percent revenue growth, but with a slightly more modest, 4 percent profit growth this year. According to the latest data of the K&H SME...

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ALDI to join to the initiative supporting work-life balance

The ALDI Magyarország Élelmiszer Bt. also signs the cooperation agreement between the German-Hungarian Chamber of Commerce and Industry (DUIHK) and the Ministry of Human Resources (EMMI) to support compatibility between...

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MLBKT: the purchasing manager index declined in January

The seasonally adjusted January value of the Purchasing Manager Index (BMI) was 54.0 points after the 54.3 points of December – the Hungarian Logistics, Purchasing and Inventory Company (MTPL) announced...

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The Hód-Mezőgazda Zrt. and the University of Szeged develop cattle feed

The Hód-Mezőgazda Zrt. and the University of Szeged (SZTE) are developing feed for dairy cattle – the company informed MTI. The total cost of the three-year research and development program...

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More than 50,000 visitors are expected to the 26th FeHoVa

The largest arms, angling and hunting exhibition (FeHoVa) of the Carpathian Basin will be hosted by Hungexpo at the Budapest Fair Center between 7 and 10 February. Three hundred exhibitors...

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The pace of consumer price increases in the euro area slowed further in January

In January, the pace of consumer price increases in the euro area slowed further, moving away from the European Central Bank’s 2 percent target. According to preliminary data released by...

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Amazon’s revenue and profit increased significantly in the last quarter of 2018

Compared to a year before, Amazon’s sales and profits rose significantly in the last quarter of 2018, according to the company’s flash report released on Thursday. Amazon’s net sales rose...

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Evidences of Iron Age brewing in England were found

Road builders found evidences of iron-age brewing in England. The more than two thousand years of remnants of the earliest evidence of local brewing were found during the renovation of...

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The EU directive against flavored tobacco products remains in force

The European Court of Justice (ECJ) confirmed the validity of the five-year EU directive on the withdrawal of flavored tobacco products, which was adopted five years ago. In a lawsuit...

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