News and articles
KSH: the cattle stock increased in the second half of 2016
The growth of the cattle population that is lasting since 2010 has continued. In the six months until 1 December, the number of cattle increased by 6 thousand. The pig...
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Analysts: Inflation may continue to accelerate in the first quarter
Inflation may continue to accelerate in the first quarter, but analysts interviewed by MTI do not expect to exceed the central bank’s inflation target of 3 percent this year. According...
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Food industrial support applications can be submitted from Wednesday
Food industrial small and medium-sized enterprises can submit their requests for 212.5 billion HUF development funds for food and capacity expansion investments from Wednesday – Rákossy Balázs, Minister of State...
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The largest companies are optimistic
According to the latest results of the K&H corporate growth index, the large domestic companies start this year with cautious optimism. The companies assume a slightly growing revenue, but most...
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The NAK urges unified EU actions to mitigate food waste
The National Agricultural Economics Association (NAK) urges unified EU actions to mitigate food waste – the public body told MTI on Wednesday. The NAK supports the proposal – that encourages...
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Danone increased its after tax profit by one-third
The company’s revenue in 2016 increased by only 2.9 percent, foreign exchange effects adjusted – portfolio.hu wrote. Taking the currency effects into account, sales revenue declined by 2.1 percent, from...
Read moreIKEA achieved a turnover growth of fifteen percent in Hungary
IKEA’s two department stores in Hungary – with an increase of 14.5 percent – reached 54 billion HUF sales revenue in its fiscal year ended last August, which is an...
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Export conference for Hungarian enterprises in neighbouring countries
In November the Hungarian National Trading House (MNKH) organised its first export-themed conference for Hungarian businesses located in neighbouring countries. The event took place in Csíkszereda (Miercurea Ciuc) in Romania...
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Hungarian groceries on the shelves of Chinese stores
More and more Hungarian companies conquer the Chinese market with the help of the Hungarian National Trading House (MNKH). Thanks to the government’s ‘Eastern Opening’ foreign trade strategy, in the...
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Magazine: Valuable waste
According to Norbert Höflinger, strategy director of HWD Recycling Kft., working in the waste management industry means facing challenges all the time. One of the biggest problems in the sector...
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OTP: VAT should also be reduced in the case of the long-life milk
According to the experts of the OTP Bank, VAT should also be reduced in the case of the UHT and ESL milks. The VAT reduction would increase domestic consumption, which...
Read moreKSH: GDP rose by 2.0 percent in 2016
Hungary’s gross domestic product (GDP) in the fourth quarter of 2016 rose 1.6 percent last year, compared to the same period of the previous year. In 2016, GDP rose by...
Read moreConsumer prices grew by 2.3 percent in January
Consumer prices increased by an average of 2.3 percent in January, comapred to the previous year – the Central Statistics Office (KSH) announced. Compared to December last year, consumer prices...
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The Gyulahús Kft. increased its revenues last year
Despite the Russian embargo and the drop in British pound, the local government-owned Gyulahús Kft. was able to increase its revenue by five percent last year. The company this year...
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Szijjártó Péter discused about the possibilities of the Hungarian food export expansion in Japan
Szijjártó Péter, Foreign Economic Relations and Foreign Minister negotiated about the expansion of Hungarian food export to Japan and about Japanese automotive investments in Hungary on Tuesday in japan. Szijjártó...
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Slower growth in the EU and in the euro area
Compared to the flash estimate, the economies of the euro area and the European Union grew slower in the fourth quarter of last year – according to the second estimate...
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Dr. Csikai Miklós has become the Agricultural Personality of the Year 2016
The Agricultural Personality of the Year award was handed over. The winner of the award has become Dr. Csikai Miklós, while the audience award was given to Szeder Attila. The...
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NGM: 547 billion HUF development funds for the counties
Decisions will born soon on the usage of the 547 billion HUF development funds of the Town and Regional Development Operational Programme (TOP) for the counties – Rákossy Balázs, Minister...
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Intersport is developing in Hungary
The Intersport started a store refurbishment program in Hungary in a value of more than a million euros (about 308 million HUF). The investment will bring new jobs – the...
Read moreConsortium develops technologies used in pig breeding
A consortium established by Bóly Zrt., Kaposvár University and Debrecen University sets out to develop – until 2020 – crop farming and livestock feeding technologies that can result in producing...
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Moderate optimism in the commercial real estate market
According to a survey conducted by GKI in October 2016, a sort of insecurity has started to manifest in the office space market. The utilisation level was increasing in and...
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Ministry proposes reasonable self-regulation in the dairy sector
The Ministry of Agriculture has proposed solidarity-based, reasonable self-regulation to every actor in the dairy sector. One of the main tasks is the development of the processing industry, for which...
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A new, nourishing VALDOR meat product
A new, nourishing VALDOR meat product is going to be available in shops soon: Breaded chicken lower thigh filet tastes like it was home-cooked!...
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Magazine: 2017 promises a tax revitalisation
Deloitte’s experts analysed the most important changes entailed by the latest tax package. Zoltán Pankucsi, director of Deloitte’s tax advisory division called attention to the fact that a new element...
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You can still register for the conference Building a brand at the workforce
On 22nd February, on Wednesday, the owners and marketing experts of Superbrands and MagyarBrands-awarded companies are going to meet up in order to share experience and knowledge, and discuss various...
Read moreThe increase in oil prices increases the price of agricultural products
Cereal prices may increase significantly, or at least the recently seen rise in oil prices forecasts this trend – portfolio.hu wrote. In the former agricultural inflationary cycles the oil price...
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250 mangalica frams are operating in Hungary
The traditional animal breeding methods – like mangalica – have a priority nature conservation importance, are part of the Hungarian landscape and ethnographic traditions linked to them. They are part...
Read moreThe European Commission expects a 3.5 percent growth for Hungary in 2017 and a 3.2 percent growth for 2018
The European Commission expects a 3.5 percent growth for Hungary this year and a 3.2 percent growth for the next year. The European Commission published its winter economic forecast for...
Read moreHNT: the permanent frost caused damages to the grapes
According to a preliminary survey conducted by the National Council of Wine Communities (HNT) due to the unusually harsh frost in January, this year’s grape production is significantly reduced. Légli...
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Agrarian Chamber of Commerce: fragmented food industrial higher education
According to the vice president of the National Association of Agricultural Economics, food industrial higher education is taking place at several locations in Hungary, so the latest technology can be...
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