News and articles

Successful innovations

Hungexpo – the organiser of the Sirha Budapest 2016 trade show – and Trade magazine organised an innovation competition for exhibitors, who could enter the contest with innovative products launched...

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Equilibra deo stift és roll

gItalian market leader natural cosmetics brand Equilibra is now also available in Hungary. These products contain a large proportion of plant extracts and tenderly protect the skin, because they don’t...

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Triticale is the crop of the future

Thanks to its wide range of good characteristics, triticale is becoming more and more important as a feed grain – our magazine learned at an international conference in Szeged. This...

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The trade association proposes to establish a fund to support the retention of labor force

The Hungarian National Retail Federation (MNKSZ) welcomes the fact that the government is examining the possibility to establish a fund to support the retention of labor force. The MNKSZ responded...

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KSH: agricultural producer prices increased by 1.5 percent in June

Due to the 3.5 percent rise in the price of crop products and the 1.8 percent price decline of live animals and animal products, the agricultural producer prices increased by...

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Livestock farmers suffered significant losses

Due to the the increase in feed prices and a simultaneous decrease in the purchase price of animal products considerable losses occured in recent months to the classic livestock sectors,...

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The VOSZ also supports the contribution reduction ideas

The National Association of Entrepreneurs and Employers (VOSZ) also supports the idea of Varga Mihály, Minister for Economic Affairs about the contributions reduction proposal – the advocacy organization announced on...

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New purchasing manager at CO-OP Hungary Zrt.

Szabó Attila was appointed as the new purchasing manager of the CO-OP Hungary Zrt. from 1 August 2016. The newly appointed leader, earned his degree at the Corvinus University of...

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Negotiations are continuing about the wiring costs of the vending machines

By September, all the questions may be cleared about the wiring costs of the vending machines – the president of the professional association of entrepreneurs operating the machines said –...

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The Hungarian growth is not enough to catch up

The growth of the gross domestic product (GDP) in the second quarter of 2016 surprised the analysts, but the 2.6 percent growth indicator is deceiving. If it is cleaned off...

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The Heim Pál Children's Hospital Foundation is collecting money for lifesaving breathing machines

Every year 270-300 children with severe, life-threatening condition are healing at the country's largest pediatric institution, hence there is an absolute need for more modern breathing machines. There are a...

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NAV: gifts are tax-free at festivals

Gifts given at festivals are tax-free, up to 10 percent of the total costs – was published by the National Tax and Customs Office (NAV) on its website. The Tax...

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1.25 billion HUF application to establish electric charging stations

The Ministry of National Economy’s (NGM) application to establish electric charging stations was published on Monday. For the 1.25 billion HUF non-refundable settlemets with more than 15 thousand inhabitants can...

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Which is greater: Nike or Adidas?

Many people are not entirely clear that which sporting goods manufacturer is larger: Nike or Adidas? Nike's revenue has been higher than the revenue of Adidas, in recent years this...

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The automation trend prevails

There is increasing interest in automatic solutions in the fields of warehousing and logistics, in spite of the fact that only a few Hungarian companies have the necessary budget for...

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Magazine: The world’s packaging industry met in Budapest

At the end of May 2016 the World Packaging Organisation (WPO) held its spring meeting in Budapest. The host was Hungarian member organisation, the Hungarian Association of Packaging and Materials...

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The Hungarian economy increased better-than-expected

In the second quarter the gross domestic product (GDP) increased by 2.6 percent compared to the same period of the previous year after a 0.9 percent rise in the first...

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Raspberry production may cease in Hungary

Hungarian raspberry may disappear from the market, because according to the producers it is less and less worth to deal with the large labor-intensive manual activity – Magyar idők wrote...

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Analysts: the better than expected GDP data can improve the economic performance of the entire year

The growth of the gross domestic product (GDP) in the second quarter was significantly higher than the expectations of the analysts, so the average performance of this year can be...

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Summer harvested crops reached yields records

Winter wheat, barley and canola reached record yields this year – Nagy István Parliamentary Minister of State of the Ministry of Agriculture said on Friday in Hajdúböszörmény at the press...

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Special tax could hit the Sunday afternoon opening hours

Népszabadság informs that the Sunday opening hours would be regulated by the law – portfolio.hu wtote. If a shop would remain open longer it would receive a special tax. The...

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Russia extends the destruction of embargoed food by the end of next year

The Russian government extended the destruction period of imported embargoed food until 31 December 2017 – according to a government decree released on Friday. In August 2014, Russia introduced an...

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Robots will pack the fruit

Agricultural technology companies presented interesting novelties at Forbes magazine’s AGTECH conference this year, including a robot arm, equipped with ultra-soft manipulator that can replace human labor in the packaging of...

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Chamber of Agriculture: happy farmers after the harvest

After the completion of this year's harvest, farmers are satisfied with the crop, yield and quality – Süle Katalin, the spokeswoman for the National Bureau of Agricultural Economics Association (NAK)...

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Many wild and ornamental plants have more nutritional value than their cultivated counterparts

Many wild and ornamental plants have more nutritional value than their cultivated counterparts, Meredith said. “For example, wild spinach [also called lamb’s quarters] is a common garden weed with more...

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Good results for the German economy

The German economy’s performance expanded at a higher pace in the second quarter than it was expected by experts. In quarterly adjusted terms, Europe's largest economy and economic powerhouse grew...

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Stagnant retail sales in the US

U.S. retail sales were stagnant in July, neither gaining much nor losing much, according to the Census Bureau on Friday. Without the sales of cars—which have been an important driver...

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Food products were the most frequently advertised in May

In May 2016 television commercials for groceries reached the most 18-49 year old viewers, as their GRP was 30,813 points, 6 percent higher than in last May. The GRP shows...

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Rossmann has summer on

...

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Trends in neighbouring countries: a mixed picture

FMCG value and volume sales were up in Romania, Serbia, Slovakia and Slovenia. Volume sales practically stayed put in Austria and Croatia. Average prices dropped in Romania, Slovakia and Slovenia,...

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