News and articles
We need to prepare for getting less EU money
It was revealed at a conference organised by HG Media Group that European Union funding was used more efficiently in the 2014-2020 period than between 2007 and 2013. It is noteworthy...
Read moreSzatmári group buys mill in Szeged
In 2016 Szatmári group’s sales revenue was HUF 65 billion, 10 percent more than in the previous year. The group bought a mill in Szeged and invested HUF 1.5-2 billion in...
Read moreMore than 10,000 companies didn’t survive the summer
In the summer months of 2017 6,720 new companies were established, but the Court of Registration also deleted 10,319 companies. At the end of August there were approximately 487,000 companies...
Read moreUniver’s capacity increasing investment
Kecskemét-based Univer Product Zrt. invested HUF 4.3 billion in expanding its production capacity, from which HUF 2.1-billion was non-refundable state support from a programme of the Ministry for National Economy. With the...
Read moreSzéchenyi card programme: more than 1,800 billion worth of loans for SMEs
In the last 15 years the Széchenyi card programme granted HUF 1,841 billion worth of loans to small and medium-sized enterprises. There were 343,000 loan applications and 258,000 SMEs have already...
Read moreFriesland is already busy making development plans for the next five years
FrieslandCampina Hungária Zrt. is making development plans for the next 5-year period in Mátészalka. In the last 4 years production grew by more than 15 percent in the factory. Last year Friesland Hungária...
Read morePlus four percent for retail in July
In July 2017 like-for-like retail volume sales augmented by 4.1 percent; adjusted for calendar effects, the sales growth was the same – reported the Central Statistical Office (KSH). Food and...
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Butter and spread prices increased the most
In August 2017 consumer prices were 2.6 percent higher on average than in August 2016. Food prices rose 3.2 percent, with butter and spread prices jumping 12.5 percent. Pork’s price...
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The investment revitalisation continues
After the 4.2-percent growth in the 1st quarter of 2017, the Hungarian economy expanded by 3.2 percent in the 2nd quarter. The industry and foreign trade slowed down in the...
Read moreM-FlexiLog completes investment in Békéscsaba
M-FlexiLog Kft., a member of the Austria-based Mrazek Group, built a 3,500m² warehouse and a 4,500m² production facility from a budget of HUF 1.6 billion. The company will create 120 new...
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NAK’s first 4 years
Our magazine interviewed Balázs Győrffy, president of the Hungarian Chamber of Agriculture (NAK) on the occasion of NAK’s 4th birthday. T. M.: – The Hungarian Chamber of Agriculture was established a...
Read moreGrapes are popular in every format
Winemakers and grape growers have an excellent year. More wine will be made this year than in 2016 and table grape consumption has also increased. Hungarians eat 2.5-3kg of grapes a year. On...
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NAK campaign in the apple season
This year NAK will start a campaign promoting apple consumption. The one and a half month campaign will start in mid-October, in cooperation with 6 retail chains and the Agricultural Marketing...
Read moreNAK conference about sustainable farming
On 18 October 2017 NAK will organise an international conference titled ‘Sustainable Farming’. Some of the topics that will be discussed: the agricultural policy and innovation activity of the USA, agri-food...
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VAT cut and financial support
The Hungarian Chamber of Agriculture (NAK) and the Ministry for National Economy are in talks about which food and agricultural products will be added to the list of 5-percent VAT...
Read moreDistances run with Cornexi
The autumn running season has started with the 32nd Wizz Air Budapest Half Marathon. Cornexi was one of the event’s sponsors and the company also raised awareness of healthy eating and...
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International demand for high-quality Hungarian cereal crops
At the moment the average purchasing price is HUF 42,000-43,000/ton. Secretary of state Dr István Nagy revealed that there is great demand for GMO-free, high-quality Hungarian wheat in Europe. Nestlé is an...
Read moreTesco: Measurable things can be managed too!
Tesco Europe has published its report on the quantity of food and other waste produced during its operations in the 2016/2017 fiscal year: Tesco stores in the Czech Republic, Poland,...
Read morePöttyös fans voted for the sour cherry-poppy seed Túró Rudi
Pöttyös asked its 1 million Facebook followers to decide which formerly popular Túró Rudi flavours to bring back to store shelves. After more than 30,000 votes were cast in one week,...
Read moreOnce again Unilever named as the most sustainable company in the industry
Scoring 89 points from the possible 100, in 2017 Unilever performed the best once again in the household and personal products industry group of the Dow Jones Sustainability Index (DJSI). Unilever...
Read moreTheodora joins the Pick up the Litter! initiative
This year was the 7th time that the nationwide ‘Pick up the Litter! – Volunteer work for a clean Hungary’ programme was organised between 15 and 17 September. The workers of...
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Coca-Cola HBC Magyarország’s new warehouse has a 12,000-pallet capacity
Coca-Cola HBC Magyarország sells products to 25 European countries, which has made it necessary to enlarge their Dunaharaszti premises. The company invested HUF 2 billion in building a 6,500m² warehouse with...
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‘How do you spend your money having paid your utility bills?’
Nielsen has asked Hungarian consumers how they use the money they have left, having paid the monthly utility costs and bought food. 27 percent of Hungarians said they put the money...
Read moreNew cakes in Szamos shops
Szamos’ new cakes– designed for weddings and special occasions – have been first showcased in the Szépkilátás confectionery in Buda. There are 17 new and 4 classic cakes in the updated...
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How loyal are we to our favourite grocery stores?
According to a nationwide representative study by Kantar Hoffmann (March 2017, 18-64 year old consumers), when buying FMCG products, most people visit stores located close to where they live. Half of...
Read morePrimavera is now also available at the airport
Since early summer Primavera mineral water has been available in the Heinemann Duty Free shops of Budapest Airport. The brand will be the official sponsor of the airport’s Runway Run 5.0...
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250,000th Széchenyi Card issued
On 7 September the 250,000th Széchenyi Card was ceremonially handed over to its owner in Budapest. In the last 15 years 258,000 contracts were signed and HUF 1,841 billion worth of...
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A chocolaterie with great plans
Artisan chocolaterie Chocofacture opened on Kende Street in Budapest on 12 September. Those who visit the shop can buy special products and get an insight into how they are made. Dr Katalin...
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Refurbished COOP store in Gödöllő
Gödöllő COOP Zrt. continues its store modernisation programme. In August the retailer reopened its popular 250m² grocery store on Egyetem Square in Gödöllő. The shop went through an overhaul in just 3 weeks...
Read moreRetail sales increased by 4.2 percent in July
In July, retail sales grew by 4.2 percent year-on-year, according to raw and calendar-adjusted data, according to the second estimate of the Central Statistical Office (KSH) published on Friday. The...
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