News and articles

The GSI Hungary Kft. is expanding its agricultural machinery factory in Biatorbágy

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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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