News and articles

Better-than-average trends

In the first three quarters of the year 200m² and smaller shops had a 27-percent share in the retail value sales of grocery categories audited by Nielsen. However, from candy...

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Sales remain concentrated

Cream retail sales were realised in the value of HUF 7 billion in January-September 2016. Like-for-like value sales rose 3 percent and volume sales got 4 percent better. Cream sales...

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Provident: Christmas budget increased in 2016

According to the research of the Provident Pénzügyi Zrt. carried out during the holidays with the participation of 500 respondents, Christmas budget of the households increased slightly in 2016, compared...

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Changes in the structure of milk foreign trade

In Hungary, the imports of milk and dairy products increased by five percent, while revenue from exports increased by three percent in the first nine months of 2016, compared to...

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The ALDI gives its customers more again

The company decreased the price of poultry meat and eggs by 22 percent from the first of January 2017. On the basis of the food VAT reduction entering into force...

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Tesco is looking for the Best Community programs of 2017

Tesco announces its “You choose, we help” tender program for the second time, to support local community initiatives. NGOs can apply for the tender with programs promoting healthy lifestyle, children...

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The SPAR and the KASZ agreed on the wage increase

The SPAR Magyarország Kereskedelmi Kft. and the Commercial Employees’ Union (KASZ) agreed on the 2017 wages. The rapid negotiations prove that the parties had similar intentions and ideas. According to...

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There is no New Year without salt mixes

During New Year’s Eve, the demand for salty snacks and chips increases. One of the most popular snack is the mix consist of crackers, small salted pretzels and salt sticks....

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AMC: the “first swallows” can fly until the end of January!

The Agricultural Marketing Centre (AMC) has extended its “first swallow” discount period, so until 31 January 2017 exhibitors can apply to the 78th National Agricultural and Food Exhibition (OMÉK) on...

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Wheat sown area hardly changed

According to the EU’s statistical office, winter wheat seeds were sown on 24.2 million hectares in the European Union last year, which is the same as in 2015. According to...

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Atmedia acquires MSC

From 1 January, Lukács Csaba the Managing Director of the Atmedia Kft. fills the Managing Director post of the MSC Kft., because the market leader Hungarian TV commercial house becomes...

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US online retail had a record-breaking holiday season

Retailers reached a record 91.7 USD billion in online sales over the holidays, which is a 11 percent increase, compared to last year. Mobile devices reached 28.4 billion USD revenues,...

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VAT decreased to 19 percent in Romania

The value added tax was reduced by further one percentage point, from 20 to 19 percent in Romania from Sunday. The one percent special tax on industrial buildings and the...

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NBAC: 7.4 percent of the sales revenue is lost due to counterfeiting in the EU

7.4 percent of the sales revenue (48 billion euros) is lost every year because of counterfeiting and different forms of piracy in the European Union – the National Board Against...

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130-billion funding budget in the Rural Development Programme

Approximately HUF 130 billion worth of financial resources will be made available to businesses within the framework of the Rural Development Programme. So far 41 schemes have been started from...

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Swiss Krono’s new wood processing plant starts production

Swiss Krono Group invested HUF 30 billion in building a factory that manufactures OSB panels in Vásárosnamény. State-of-the-art production technology is used in the new factory, where more than 100...

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Changes in subsidies tied to production

The conditions of subsidies tied to production and greening are going to change next year, so that farmers will be able to comply with the rules more easily. For instance...

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State Horse and Model Farm established in Mezőhegyes

After a government decision in November, the state bought back the Mezőhegyes State Horse Farm Zrt. for HUF 2 billion (it had been privatised in 2004) and merged it with...

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Everything you wanted to know about the Christmas gift shopping

Christmas is the most beautiful time of the year. Gift-giving is an integral part of Christmas, so the MOM Park with the contribution of GfK Hungária was searching for the...

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Nielsen: 41 percent of the Hungarians believe that it is worth to by premium products

Intense and uniquely aromatic arabica coffee, leaf tea on the highest degree of tea culture, sourdough bread made with great care or capsule washing powder. For example, most of the...

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GKI expects a 3 percent growth in the economy and a 5 percent in consumption next year

The Hungarian economy is essentially proceed along the path indicated in September. Due to the decline in EU subsidies, the 2 percent GDP growth of 2016 is one of the...

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Hundreds of thousands people are buying at petrol stations during the year-end holiday season

In the Christmas period up to 25 percent more buyers can visit the supermarkets of the gas stations open around the clock, who this time spend nearly a third higher...

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FM: the quality of bakery products can be improved, due to the amendment in the Hungarian Food Codex

The regulation about the mandatory specifications of the Hungarian Food Codex was amended, which covers the regulations on bakery products as well. Thanks to the amendment higher-quality breads and bakery...

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KSH: the rise in earnings has continued

The gross average wage increased by 5.4 percent in a year and was 262.2 thousand HUF in October, while net earnings due to changes in the rules of personal income...

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Major Christmas operation in the fish plant in Hortobágy

Major Christmas operation has started in the plant of the Hortobágyi Halgazdaság Zrt.; ten tons of fish is processed every day – the CEO of the nation's largest fish farm...

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GKI: labor shortage is the most acute at small companies

Mostly, firms employing fewer than 20 people are looking for manpower, they could employ about a quarter more than the existing staff number – the GKI Economic Research Co. announced...

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Twenty thousand new online cash register users in 2017

The Ministry of National Economy (MNE) estimates that from January 1, the range of online cash machine users will expand by about 20 thousand enterprises. More than half of the...

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The offerings of the Syngenta employees will be used to develop children

Syngenta has organized a Christmas fundraising action. The toys and tools bought from the offerings of the company's employees will be used in the member institution of the Jász-Nagykun-Szolnok County...

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A merchant from Újfehértó broke the lock of the authorities and re-tagged apples

A merchant from Újfehértó broke into a warehouse sealed by the authorities and re-tagged 14 tons of apples that were waiting to be destroyed – the National Tax and Customs...

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The protection of the Christmas markets in Vienna to be enhanced from Wednesday

The Austrian police in agreement with the Constitutional protection agency strengthens the protection of the Christmas markets in Vienna from Wednesday, to prevent from truck assassination. Patrick Maierhofer, spokesman of...

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