News and articles
The GSI Hungary Kft. is expanding its agricultural machinery factory in Biatorbágy
Date: 2017-02-13 11:05:14
The GSI Hungary Kft. the regional center of the US GSI group is expanding its agricultural machinery factory in Biatorbágy. The company uses own funds amounting to 2.3 billion HUF....
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Evolution conference: Value creation in the digital and online world are the themes
Date: 2017-02-13 11:04:30
The Evolution Conference is a key event in communications and business in Hungary. The conference will be held this year between 1 and 2 March. This year the organizers expect...
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Agriculture and food industry are the main area of the Hungarian-Laos expansion of trade
Date: 2017-02-13 11:02:59
The most important areas of the Hungarian-Laos bilateral trade expansion are agriculture and the food industry – said the Ministry of Foreign Affairs and Foreign Trade (KKM) after Szabó László...
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Smart phone for Valentine’s Day
Date: 2017-02-13 11:02:15
In addition to sweets and rendezvous more and more people give a smart phone for their lovers for Valentine’s Day – privatbankar.hu wrote. Vodafone has carried out a survey among...
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European network helps the exporting of Hungarian companies
Date: 2017-02-13 10:18:16
Enterprise Europe Network (EEN), established by the European Commission in 2008, is the world’s biggest business development network that helps European small and medium-sized enterprises in 63 countries. EEN’s 3,000...
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Increasing minimum wages
Date: 2017-02-13 10:14:11
The government, employers and trade unions have reached an agreement on next year’s wages. In November Minister for National Economy Mihály Varga announced: next year minimum wages will grow by...
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EU-level voucher system
Date: 2017-02-13 10:12:07
As of 1 January 2019 stricter and much more complicated rules will regulate the voucher system, because the European Union has adopted a directive aimed at harmonising and clarifying the...
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Magazine: New tax stamp rules
Date: 2017-02-13 07:04:37
As of 1 January 2017 there will be great changes in the excise duty regulation. These changes are likely to affect – either directly or indirectly – practically all fields...
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Vegetable prices may increase further
Date: 2017-02-10 11:46:19
The Spanish and Italian producers lost half of their harvest, due to the unusual inclement weather in Southern Europe, so the price of fresh vegetables, has doubled, sometimes tripled –...
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Reduction in VAT may boost fish consumption
Date: 2017-02-10 11:43:31
The 5 percent VAT reduction of fish meat may boost the Hungarian aquaculture, the production of fishery products and promotes the growth of consumption – Németh István, president of the...
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Skills shortages in the food industry
Date: 2017-02-10 11:40:44
The education system to be transformed with the entry of the dual method The skills shortage is a an obstacle in the development of food production business sector. According to...
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FruitVeB: great interest towards the Hungarian stand at the Fruit Logistica trade fair
Date: 2017-02-10 11:30:54
High interest surrounded the Hungarian stand at the fruit and vegetable sector’s largest international event, the Fruit Logistica Exhibition in Berlin. Compared to the previous years, the Hungarian vegetable and...
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FM: the EU is satisfied with the Hungarian precautions against avian influenza
Date: 2017-02-10 11:28:21
The European Union’s food health commissioner is satisfied with the Hungarian authorities’ precautions against avian influenza. Vytenis Andriukaitis EU commissioner indicated that Hungary can continue to count on the financial...
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Continuing strong investment activity and cautious confidence characterizes the agri businesses
Date: 2017-02-10 11:25:39
Most of the agricultural business decision-makers expect an improvement in their Management environment in the next 12 months – according to the Takarék Agrárhangulati Index (Savings Agricultural Mood index) of...
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Analysts: the trade surplus remains high, but is less than last year’s record
Date: 2017-02-10 11:20:29
Because of the consumption and investment growth, as well as the expected rise in international oil prices, last year’s record-sized trade surplus is unlikely to be repeated this year, but...
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Borjour Magnum kétszáz pincészet boraival
Date: 2017-02-10 11:05:12
Ismét a Millenáris park B csarnokában rendezték meg a Borjour Magnumot: az ország legnagyobb borkóstolóján 200 pincészet mutatta be több mint 600 borát. Visszatért a Millenáris parkba az ismét egy...
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The donuts festival in Nagykanizsa will be expanded to two days
Date: 2017-02-10 11:02:05
The ninth National Carnival Donut Festival of Nagykanizsa will be held at a new site and this year the event will be expanded to two days on 24 and 25...
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Deterioration in consumer sentiment in the US
Date: 2017-02-10 11:01:42
Due to the worsened outlooks consumer confidence turned pessimistic in the US in February – University of Michigan’s usual monthly survey reveals. The consumer sentiment index decreased to 95.7 points...
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Durex manufacturer bought a baby food production company
Date: 2017-02-10 11:01:24
The British Reckitt Benckiser on Friday agreed to acquire the US baby food manufacturer Mead Johnson for 16.6 billion USD – portfolio.hu wrote. According to the announcement, Reckitt the manufacturer...
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Competitive Hungarian turkey
Date: 2017-02-10 10:46:06
In November the Hungarian Turkey Association organised its annual conference. Participants learned that Hungary is one of the biggest turkey eating nations. Representatives of the association told: there will always...
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Our agri-food export to Greece has seen better days
Date: 2017-02-10 09:27:32
Hungary used to export agri-food products in the value of EUR 150 million to Greece after our accession to the European Union, but our direct export has reduced by half...
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Magazine: Greener packaging trends
Date: 2017-02-10 07:37:22
According to Imre Hopka, managing director of Wanapack Papírfeldolgozó Kft., the challenge ahead of packaging industry companies is to manufacture the lightest box possible, which at the same time offers...
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Nielsen: Hungarians spend the most on travel on the Internet
Date: 2017-02-09 22:00:28
The boundaries between traditional and online shopping platforms are more and more blur, and those consumers who have already purchased a durable product or service on the internet, typically more...
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FM: reduced VAT on fish and game meat
Date: 2017-02-09 11:40:46
The Ministry of Agriculture initiates the VAT reduction of fish and venison to 5 percent – agrarszektor.hu wrote. The aim would be to reach more customers with these products. The...
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Avian influenza: the government has to take measures to avoid market loss
Date: 2017-02-09 11:16:11
The government is investigating the possibility of further measures, because in addition to the current measures the market participants, such as poultry processors need more help. Lázár János Minister leading...
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CIB Fund Management: Hungarian economic growth this year will be above 3 percent year on year
Date: 2017-02-09 11:15:29
According to the CIB Fund Management, the Hungarian economic growth will be above 3 percent this year, while inflation will be between 2-3 percent. Hajdu Egon, investment director at the...
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VinCE Budapest Wine Show: the stars of the international wine world in Budapest
Date: 2017-02-09 11:12:05
The 8th VinCE Budapest Wine Show brings many outstanding figures of the international wine world as the lecturers of master classes between 17 and 19 March to the Corinthia Hotel...
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KSH: trade surplus was almost 10 billion euros in 2016
Date: 2017-02-09 11:11:40
The foreign trade turnover surplus was 9.978 billion euros (3107 billion HUF) last year after the 8.595 billion euros of 2015 – the Central Statistical Office (KSH) announced its first...
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Hungarian chili won two first places
Date: 2017-02-09 11:10:51
Nagy Gábor chili producer from Nagymaros has became a World Champion with his self-made chili sauce. The product called Gabko Chili won first place in two categories at the 10th...
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MNB: 38 thousand enterprises received favorable financing in the growth loan program
Date: 2017-02-09 11:10:24
In the three stages of the growth loan program, since June 2013, 38 086 enterprises received favorable financing in a value of 2652 billion HUF – was published on the...
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