News and articles
The OTP Bank would increase its market share in agricultural fundings to 20 percent by 2020
The OTP Bank would increase its market share from the current 16-17 percent to 20 percent in agricultural fundings until 2020 – Szabó István OTP’s Deputy Managing Director of the...
Read moreThe “Agrárium 2016” agricultural data collection continues
Within the “Agrárium 2016” agricultural census of the Central Statistical Office (KSH), 590 thousand farmers will be listed in 1442 settlements from 1 June to 15 July. The Central Statistical...
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The KITE Zrt. reached 240 billion HUF turnover last year
The Nádudvar-based KITE Zrt. increased its turnover by five percent to 240 billion HUF in 2015 – agrarszektor.hu wrote. The company thus continues to lead the domestic agricultural integrator market....
Read moreMore than six hundred domestic M&A transactions were closed in the last six years
More than 600 public transactions were concluded in Hungary between 2010 and 2015 on the domestic market of mergers and acquisitions (M&A). The total value of these transactions is estimated...
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Rossmann was awarded for the art support of small children
Gróh Ilona, developer of the Ringató program founded an award for the Support of Early Childhood Education. The first award winner became the Rossmann Magyarország Kft. The company supports the...
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Finlandia announced a DJ competition again
The Finns favorite vodka calls the DJs to an exciting competition again this year. Those who convince the jury and the audience with their 30 minutes mix and tracklist, can...
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The Italian Lucart Group bought the Bokk Paper Kft.
The Italian Lucart Group acquired the Bokk Paper Kft. through itsItalian holding company, the Lucart Spa. The transaction agreement was signed on 31 May 2016. The Bokk Paper Kft. is...
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The turnover of the Poli-Farbe Vegyipari Kft. increased has grown by more than 10 percent
The Poli-Farbe Vegyipari Kft. increased its revenue by more than ten percent, to 10.196 billion HUF last year, after the 9.24 billion HUF of 2014 – the company told MTI...
Read moreAn IKEA store was built in Soroksár
The Swedish IKEA is expanding its network in Hungary, the foundation stone of the third store was laid in Soroksár on Tuesday – the company told MTI. The store will...
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German dairy farmers receive government assistance
Dairy farmers receive at least 100 million euros (about 31 billion HUF) state aid package in Germany – was announced in Berlin. According to the Ministry, the number of dairy...
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UPS organised a Female Executives Forum in Budapest
UPS Hungary – the Hungarian affiliate of the world’s leading logistics company – organised their first Female Executives Forum in Budapest. Participants from various industries were discussing leadership issues and...
Read moreThe current level of EU's agricultural subsidies must be maintained even after 2020
The current level of the European Union agricultural subsidies must be maintained in the agricultural sector even after 2020, any new tasks can be financed only from new sources –...
Read moreTállai: the Hungarian government undertook a huge fight for Hungarian pálinka
The Hungarian government undertook a huge fight for Hungarian pálinka. As a result the pálinka law was born, the Pálinka National Council was established, the pálinka has become a Hungaricum...
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Advertising messages may come printed or via e-mail
The majority of consumers find requests for advertising purposes useful. They mainly like leaflets and e-mail offers – KutatóCentrum Research Centre’s research reveals. According to the survey called DM Szensor,...
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EU agricultural council meeting in milk case
Informal EU Agricultural Council meeting is taking place on Monday and in Tuesday in Eindhoven. One of the main themes of the EU Agricultural Council will be the milk market...
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Gyulahús Kft.: half a billion HUF profit and international recognition
The Gyulahús Kft. closed last year with a profit of more than half a billion HUF. This year the company won two gold star ratings from the Brussels-based International Taste...
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Tesco Online Shopping: More than 180 thousand users
Tesco Online Shopping is one of the most dynamically developing service of the supermarket chain. The company in April 2016 created a new station in Székesfehérvár making delivery service available...
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The Milk Marketing Board handed over the toy castle
The Milk Interprofessional Organization and Marketing Board handed over the first lottery prize of the “Collect 100 dairy hearts and win a playground” on 27 May 2016. The prize is...
Read moreGerman retail sales decreased
Germany retail sales declined unexpectedly in April – Destatis revealed on Tuesday. Retail turnover decreased by 0.9 percent in April, compared to March, confounding expectations for a 0.9 percent rise....
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Kickoff Competition: International Competition for startups dealing with Green Energy
The KIC InnoEnergy announced an international competition called Kickoff Competition for startups dealing with sustainable energy. Entries are awaited for the contest from 12 European countries – including Hungary. The...
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A record volume of trash was collected in the TeSzedd! action
A record amount of 2857 tonnes of illegally dumped garbage was collected by the participants of the sixth TeSzedd! – Voluntary movement to clean Hungary – the National Environment and...
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Tax changes in neighbouring countries
Deloitte’s tax department collected the most important changes in the tax regulations of countries in Central and Eastern Europe. Some of these may have an effect on Hungarian companies operating...
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Every twentieth grocery store closed in one year
Early 2016 there were 16,869 grocery stores in Hungary, 5 percent less than a year before: 860 shops closed for good, mainly traditional 200m² and smaller units, especially in the...
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Switch to IFRS in time!
As of 1 January 2017 every Hungarian enterprise with an auditing obligation can decide to prepare its annual report in accordance with the International Financial Reporting Standards (IFRS). A recent...
Read moreGKI: slowing growth, accelerating consumption
In the first quarter, only the Greek growth was worse than the Hungarian growth. Due to the worse than expected data the GKI modified this year’s growth forecast from 2.3...
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FruitVeB: 25-30 percent less fruit yield due to frost damage
Approximately 25-30 percent less fruit yield is expected this year in Hungary due to frost damages – the President of the Hungarian Fruit and Vegetable Interprofessional Organisation (FruitVeB) told MTI....
Read moreKSH: the volume of investments decreased in the first quarter
The volume of investments decreased by 9.6 percent in the first quarter of this year, compared to a year before. According to the seasonally adjusted volume indices, compared with the...
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63 billion HUF to strengthen the dairy sector
The Hungarian government will spend 63 billion HUF for the strengthening of the Hungarian dairy sector. This is the highest ever amount. In addition, the government will increase, the framework...
Read moreMKIK: business confidence increased slightly in Hungary
According to the April-economic analysis of the MKIK Economic and Enterprise Research Institute (GVI), the business confidence rose slightly in the first quarter in Hungary compared to the previous quarter....
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Italian Festival for the second time
The Italian Festival 2016 will start in Budapest and in other Hungarian cities on May 27. The events are supported and organized by the Italian Foreign Trade Institute ICE in...
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