News and articles
Nearly 400 malls have been closed in Russia due to fire safety deficiencies
Date: 2018-06-07 11:05:20
In Russia, the operation of 391 malls was suspended – due to the violation of fire regulations – since the tragic mall fire in Kemerovo at the end of March...
Read more
Vodka Museum opens in Warsaw
Date: 2018-06-07 11:03:38
The Polish Vodka Museum opens next week in Warsaw, in a refurbished building of a 19th century factory, showing the more than six hundred years of Polish vodka history and...
Read more
Orbico wants to be present in the market as a regional and global service provider
Date: 2018-06-07 10:39:31
Orbico Kft. – Orbico Hungary and Orbico Beauty – is one of Hungary’s leading FMCG distributors. Orbico’s partners include prestigious companies such as P&G, Shell, Bvlgari, Duracell, Kellogg’s, Bissell and Bolton. The company...
Read more
Magazine: Big growth in the non-food sales of National Tobacco Shops
Date: 2018-06-07 07:30:32
Non-food categories realised 13 percent of total sales by National Tobacco Shops in 2017. The profit margin of these categories is 25-30 percent, while the profit margin of tobacco products is...
Read more
Nielsen: domestic retail trade preserved its momentum
Date: 2018-06-06 11:55:15
The value of retail trade in Hungary increased by 8.3 percent in the first quarter of 2018, compared to the same period of the previous year – accoring to Nielsen....
Read more
Analysts: household consumption will persistently remain the driving force of economic growth
Date: 2018-06-06 11:50:27
Household consumption remains the driving force behind economic growth, coupled with the added value of services on the production side. Market analysts commenting on the CSO report on Tuesday’s GDP...
Read more
Ministry of Agriculture: the reduction of CAP funds is unacceptable
Date: 2018-06-06 11:38:42
According to Hungary, the EU budget proposed for the financing of the Common Agricultural Policy (CAP) is not enough, especially since the legislative proposals on 1 June would place significantly...
Read more
The HNT assesses the wine stocks
Date: 2018-06-06 11:35:23
The National Council of Mountain Villages (HNT) has published a standard contract template which records the rights and obligations of both producers and purchasers and provides a framework for various...
Read more
Media Markt and Lumenet are the Internet Merchants of the Year in 2018
Date: 2018-06-06 11:32:18
The prestigious Internet Merchant of the Year in 2018 award was handed over for the 12th time this year. The winner of the Small and Medium Business category has become...
Read more
Most companies consider the digital switchover to have strategic importance
Date: 2018-06-06 11:22:21
Although in Hungary, 72 percent of the companies consider digital transformations very important and only 2 percent called it less important, companies are lagging behind in digital transformation – Uzsák...
Read more
The investment attractiveness of large companies is awakening
Date: 2018-06-06 11:20:18
54 percent of the domestic large companies, are planning some kind of developments over the next year. In West Hungary the situation is even more promising, as six out of...
Read more
The players in the herbal sector have joined their forces
Date: 2018-06-06 11:10:16
The Herbal Division of the National Chamber of Agriculture (NAK) was reorganized, which also joined its forces with the Herbal Association and Marketing Board (GYSZT). The aim is to reverse...
Read more
Teaming up for Hungarian retailers
Date: 2018-06-06 10:54:05
The Hungarian National Trade Association (MNKSZ) is one of Hungary’s biggest retail trade organisations. We asked general secretary Katalin Neubauer about their tasks and plans. T.M.: – What are the fundamental...
Read more
Imports rose more than exports
Date: 2018-06-06 10:29:50
In the first quarter, the value of exports in euros was 3.4, the value of imports in euros was 3.9 percent higher than in the same period of last year,...
Read more
Magazine: Retail trade is going upwards, but there are small obstacles
Date: 2018-06-06 07:19:34
György Vámos, general secretary of the National Trade Association (OKSZ) told our magazine that retail sales expanded by 5 percent in 2017 – there has been a sales growth every...
Read more
Services, consumption and investment have led the economy
Date: 2018-06-05 11:50:42
The volume of gross domestic product (GDP) was 4.4 percent higher than the one-year-earlier figure in the first quarter. The 4.9 percent growth of services, the 5.0 percent growth of...
Read more
Nébih was ranked first in the ranking of European authorities
Date: 2018-06-05 11:43:41
The National Food Chain Safety Office (Nébih) was ranked first in the ranking of European authorities; according to a recent survey by the European Food Safety Authority (EFSA), the Hungarians...
Read more
eNET: Hungarian e-retail market has grown tenfold in ten years
Date: 2018-06-05 11:40:33
The net turnover of the Hungarian online retailers was 545 billion forints last year. It was the first time that it has reached 500 billion HUF psychological limit. Ten years...
Read more
Here are the agricultural challenges of the next ten years
Date: 2018-06-05 11:38:50
The major agricultural challenges of the 10 years are; whether domestic farmers are prepared for the surplus production due to rising meat consumption and how open are they to alternative...
Read more
Food imports have grown
Date: 2018-06-05 11:18:36
The value of exports calculated in euros increased by 3.7 percent, while imports decreased by 1.1 percent, compared to March last year. Foreign trade surplus decreased by 255 million euros...
Read more
Opus Global purchases a food business branch
Date: 2018-06-05 11:17:48
The Opus Global Plc. acquires majority control in one of the largest iso sugar manufacturers of Europe in the Kall Ingredients Ltd., after increasing its share from 30 percent to...
Read more
Retail trade in the euro area grew lower than expected
Date: 2018-06-05 11:16:34
Retail trade in the euro area increased at a weaker pace than expected in April, compared to the previous month. The European Union’s Statistical Office (Eurostat) announced on Tuesday that...
Read more
The US authorities are not in the way of the Bayer-Monsanto merger
Date: 2018-06-05 11:08:31
The US authorities have authorized the 66 billion USD Bayer-Monsanto merger – agrarszektor.hu wrote. The US Department of Justice allowed the merger of the chemical giants with the condition that...
Read more
The British government plans to replace migrant workers with prisoners
Date: 2018-06-05 11:02:54
The British government suggested that because of the labor shortage due to Brexit, the migrant workers would be replaced with prisoners in agriculture. However, the producers reject the idea, as...
Read more
Why is it important to have a packaging expert?
Date: 2018-06-05 10:46:25
Delivery isn’t an obstacle any more Meat company Kaiser Food Kft. commissioned DS Smith Packaging Hungary with designing a safe transportation packaging for their whole salami product. It was also a requirement...
Read more
12 billion HUF worth gene retention program to be launched
Date: 2018-06-05 10:12:15
A major genetic conservation development program will start from a 12.3 billion HUF support over the next five years to preserve the agricultural heritage that is important for national identity...
Read more
Magazine: Brands are the engine of growth
Date: 2018-06-05 07:11:26
Dr Ágnes Fábián, president of Branded Goods Association Hungary (BGA) and managing director of Henkel Magyarország Kft. talked to our magazine about 2017 from brand owners’ perspective: ‘2017 continued the growth...
Read more
Hungarians consume half as much cheese than the Danish or French
Date: 2018-06-04 11:40:31
Today is the World Day of the Cheese. In many places, mainly in Europe, cheese is one of the main character of the dining culture. In France for example it...
Read more
The Hungarian State Treasury and the Milk Product Council signed a cooperation agreement
Date: 2018-06-04 11:30:14
Mészáros József, Chairman of the Hungarian State Treasury (MÁK) and Mélykuti Tibor, Chairman of the Milk Interprofessional Organization and Product Council, signed a cooperation agreement for the development of the...
Read more
Nádudvar flavors again at the Campus Festival
Date: 2018-06-04 11:26:24
This year, the unique regional cooperation continues between the Debrecen Campus Nonprofit Public Benefit Ltd. and the Nádudvari Food Ltd. The Nádudvari Gasztro Bistro and the Nádudvari Gastro Theater will...
Read more