News and articles
The European Commission wants more flexible VAT system
The European Commission would change the EU VAT system. The European Commission want more flexible, simpler and at the same time more rigorous system against frauds by standardizing the value...
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Jack Daniel's is celebrating its 150th anniversary with a sensational barrel hunting
The oldest registered distillery in the United States, the Jack Daniel's distillery in Lynchburg is celebrating its 150th anniversary. For this illustrious occasion Uncle Jack invites his friends for barrel...
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The NAV sold almost 80 tonnes of fruits
The National Tax and Customs Office (NAV) identified nearly 30 million HUF tax shortfall at a wholesaler at the Budapest Wholesale Market. The NAV seized 22 tons of oranges and...
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Nébih examines cooking oils
The Nébih examines those suspected of cooking oils, which were found by a group of experts in several domestic stores. The tax authority claims that carries out strict actions against...
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More and more farmers grow soybeans in Hungary
More and more people are growing GMO-free soybeans in Hungary, which is essential in animal feeding – mfor.hu wrote after Magyar Hírlap. Tikász Ildikó Edit, researcher of the Agricultural Research...
Read moreIKEA recalls chocolates
The milk and peanut ingredients were not properly indicated on the packagings of the CHOKLAD MÖRK 60 percent and CHOKLAD MÖRK 70 percent cocoa dark chocolates – the company informed...
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The primary symptoms of Sunflower Sclerotinia infection are appearing at more and more places
The primary symptoms of Sunflower Sclerotinia infection are appearing at more and more places; so now it is the time to use sunflower fungicide protection, which has a good performance...
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Preservative sales dropped the least
Sales of home preserving supplies were moving between HUF 1.5 billion and 2 billion in the last two cumulative years. In the February 2015-January 2016 period value sales fell 12...
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EU proposal to fight tax fraud
In order to reform its obsolete VAT system, the European Commission (EC) has proposed an action plan to make it simpler, more resistant to fraud and more enterprise-friendly. VAT is...
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Mandatory indication of the place of origin
In the middle of May members of the European Parliament put forward a motion for a non-binding resolution for introducing mandatory country of origin labelling of meat and dairy products....
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Information sharing in corporate tax matters
The European Commission’s proposal for automatic exchange of corporate tax information among national tax authorities was welcomed by the European Parliament as a positive step in the fight against aggressive...
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Electronic signature just as valid as the handwritten
As of 1 July 2016 a new regulation applies to electronic signatures. E-signatures will become valid, legally binding, evidence providing and accepted in each member state of the European Union....
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A hundred million bank card payments
Cellum started Hungary’s first nationwide mobile payment service in 2006. Since then 100 million payments have been realised in the system, in the value of HUF 70 billion. The first...
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Magazine: Buying occasions push cheese sales
Low milk prices influenced the recent past of the cheese market: volume sales soared but value sales dropped a few percent if calculated in forint. Ildikó Toplak, brand manager of...
Read moreKSH: Retail sales increased by 5.0 percent
In April, the retail sales volume exceeded 5.0 percent over the previous year. Calendar effect adjusted the increase was 6.7 percent – the Central Statistical Office (KSH) reported in its...
Read moreFM: next year 43 billion HUF will stay in the pockets of families as the result of the food VAT cut
Next year 43 billion HUF (about 35-40 thousand HUF per families) will remain at the families as the result of the food VAT cut. Fazekas Sándor, Minister of Agriculture told...
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FruitVeB: significant hail in the east part of Szabolcs-Szatmár-Bereg county
Significant hail occured in the east part of the Csenger and Fehérgyarmat regions of Szabolcs-Szatmár-Bereg county – the President of the Hungarian Fruit and Vegetable Interprofessional Organisation and Product Board...
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Szijjártó: Hell Group’s investment will create 320 new jobs in Szikszó
The Hell Energy Csoport carries out a thirty billion HUF worth investment in Szikszó. The government provides seven billion HUF support for the development that creates 320 new jobs. Szijjártó...
Read moreThe winners of the International VinAgora Wine Competition were announced
The jury of the International VinAgora Wine Competition awarded 2l large gold medals, 95 gold medals and 57 silver medals and special in. The awards were handed over on Saturday...
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Fazekas: Great Britain is an important agricultural market for Hungary
The Minister of Agriculture is confident that the Hungarian products will reach the British market even after the termination of in Britain's EU membership. Fazekas Sándor told MTI that detailed...
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Stew made of five hundred sheep on Saturday in Karcag
At the two-day 18th Sheep Cooking Festival Fazekas Sándor, Minister of Agriculture said that the event is not only culinary but also a cultural feast. The Minister announced that the...
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Lidl recalled salmonella contaminated paprika powder
The Lidl Magyarország recalled the 100 grams Mikado delicacy spicy paprika powder, which will keep expires on 26 December 2016, because during Lidl’sown quality control tests the product was found...
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MNB: the decline in vulnerability reduces the risks in Hungary
The fact that Hungary’s vulnerability considerably decreased in the past years reduces the risks that will occur because of the Brexit. The outcome of the British referendum caused volatility in...
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Ammonia leak has been solved in Gyula
The ammonia leak has been solved at the meat plant of the Gyulahús Kft. in Gyula – the disaster recovery team told MTI. Daka Zsolt, executive director of the meat...
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Salmon oil brands in Norway under credibility test
Salmon oil brands were tested with a new, unique method in Norway. At the independent test of the OmegaVeritas, the ingredients in the world's leading salmon oil products were analyzed,...
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Electrolux invested 140 billion HUF in the last 25 years in Hungary
The Electrolux Lehel Kft. has invested 140 billion HUF in the last 25 years in Hungary. The Jászberény based company has three plants in Hungary and employs more than three...
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Direct payment manual published
NAK has published their tenth manual to make the work of the chamber’s members easier. The system of direct payments under the CAP was transformed in 2015 and NAK’s manual...
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Donation to the foster home
NAK donated gardening tools, flowers and seeds to the 60 children who live in the two homes of the Bólyai Foster Care. NAK president Balázs Győrffy handed over the donation...
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Cooperation is only possible with more trust
At the spring conference of the Hungarian Chamber of Agriculture (NAK), Magosz and COGECA participants discussed the role of cooperatives in Hungary and other parts of Europe. One of the...
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Magazine: Facing cleansers
For facial care products the biggest challenge in the Hungarian market is the low penetration level of the category. NIVEA’s 2015 ‘Good value for money’ survey found that only 31...
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