News and articles
Consumer sentiment on its 8 month nadir in the world’s largest economy
Consumer sentiment in July reached an 8 month nadir in the United States – the regular monthly survey of the Michigan University revealed. The preliminary results were published on Friday....
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AKI: Poultry meat export to Hong Kong reaches record level
Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) revealed that Hungary’s poultry meat export dropped 18 percent to 43,000 tons in the first...
Read moreAgrarian Chamber: We are champions in sweetcorn
Hungary is the largest sweetcorn producer in Europe and after the United States the second largest exporter in the world. In domestic production, super-sweet varieties have been spread, Hungarian sweetcorn...
Read moreThe Kopint-Tárki Zrt. expects an increase of 3.7 percent and a 2.3 percent inflation this year
This year, the researchers of the Kopint-Tárki Konjunktúrakutató Intézet Zrt. expects an increase of 3.7 percent and an annual inflation of 2.3 percent inflation – Palócz Éva, CEO of the...
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Butter prices rose twofold
Food prices may became more expensive this year, due to the increase in the price of butter – Origo wrote. Butter prices have doubled this year, due to unfavorable weather,...
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The breach of procedure, due to the restriction of retail companies in a new stage
The European Commission has informed the Hungarian Government that it has sent a reasoned opinion on the matter, which is the second stage of the procedure. The legislation prohibits the...
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From mid-July we can already pay with health insurance card in the dm
Dm extends its services. From mid-July customers can pay with health insurance cards in stores, so they can conveniently use their health insurance balance for multiple product ranges. It is...
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Do you want two glasses of beer? Download the Frissenszűrt application of Arany Ászok!
The promotion of the Arany Ászok brand connected to an application that was launched on 3 July. Within the promotion 2×20,000 glasses of beer are planned to be distributed. After...
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Advocacy: the operators of the beverage and food vending machines will be affected badly by the new legislation
Thousands of beverage and food vending machine operators may disappear, as the new legislation disadvantages operators, and some of its specifications are unachievable – the Hungarian Food and Beverage Association...
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Hungarian success at the prestigious Muscats World Tournament in France
A Hungarian success was achieved at the Muscats du Monde’s prestigious international muscatel wine competition: in the French competition, the Mád-based Holdvölgy Winery’s yellow muscatel received a gold medal and...
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Tokaji Autumn: wine tastings, dinners and wine walks at the festival
Wine tastings, dinners and wine walks await the audience of the 14th Tokaji Autumn between 15 and 17 September in several settlements of the Tokaj-Hegyalja wine region. The key objective...
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Cold storage facility built in Iváncsa
A cold storage facility has been built from HUF 1.6 billion in Iváncsa. From the project’s budget HUF 1.2 billion came from the government. Owner Alba Fructus Kft. created 15-20...
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Information exchange for risk assessment purposes
The recommendations worded as part of OECD’s Base Erosion and Profit Shifting (BEPS) project have great influence on the international practice of transfer pricing. The goals of the BEPS action...
Read moreKSH: agricultural purchasing prices have continued to rise
In May, due to a 0.9 percent decline in plant products prices and a 15.0 percent increase in live animal and animal products, the agricultural purchasing prices increased by 4.5...
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Tasting in only 4 stores
With the participation of NAK, the melon promotion campaign started last week with the participation of seven chain of stores (ALDI, Auchan, CBA, Lidl, METRO, SPAR, Tesco) Because of the...
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Cattle increased, pig and sheep stocks dropped
The number of pigs increased by 22,000 last year, while the number of pigs decreased by 219,000 and the number of sheep decreased by 36,000, according to the Central Statistical...
Read moreInflation was at its low point in June this year
The slowdown in inflation in June was in line with the analysts’ expectations, who continue to expect increase. After last month’s slowdown, the price of commodity prices, especially the prices...
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A new chance for beginner bands: the DreherFeszt Discovery to be launched!
In the talent competition called DreherFeszt Discovery, six bands can perform on the stage of the brewery festival on 2 September. The winner will be selected on the basis of...
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GKI: The minimum wage increase affected net earnings less than expected
The minimum wage increase affected net earnings less than expected. In case of the taxpayers, who declared themselves as minimum wage entrepreneurs, net wages between May 2016 and May 2017...
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The market for robotics will grow by 20 percent this year
This year, the amount spent on robotic technology purchases increases by nearly 20 percent according to the US International Data Corporation’s (IDC) survey. According to IDC’s forecast, this year, 97.2...
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Ceva-Phylaxia’s new vaccine production plant was inaugurated in Budapest
The research activity of the new vaccine production plant and the Ceva Group’s reasearch activity will continue to contribute to the preservation and improvement of the health status of the...
Read moreFMCG retail sales at our ‘neighbours’
Czech Republic Retail sales expanded faster than the European average: in Q1 2017 like-for-like FMCG value sales increased by 2.3 percent on average. In Q4 2016 volume sales rose 3.1...
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Tax traffipax from NAV
In the spring the National Tax and Customs Administration (NAV) performed 120 previously announced on the spot inspections. This so-called tax traffipax programme resulted in more receipts being issued by...
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It is important to keep checking packaging materials
The regular laboratory testing of packaging materials is very important from a food safety perspective, because harmful materials can leach into food. Dr Tamás Szigeti, an expert of WESSLING Hungary...
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Parliament gives green light to tax package
The Hungarian parliament has given a green light to the 2018 tax package. The VAT on internet services reduces by 13 percentage points to 5 percent – this step will...
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French companies are attracted by the Hungarian market
There are two important missions of the Business France office of the Embassy of France in Budapest: supporting the development of the commercial activity of French companies in Hungary and...
Read moreConsumer prices rose by 1.9 percent in June
Consumer prices were on average 1.9 percent higher in June than a year before. Compared to May, prices did not change – the Central Statistical Office (KSH) said on Tuesday....
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Őstermelőket ellenőrzött a nagybani piacokon a Nébih
Csaknem 4 tonna zöldség és gyümölcs értékesítését tiltotta meg a Nemzeti Élelmiszerlánc-biztonsági Hivatal (Nébih) 2017 tavaszán a nagybani piacokon végzett ellenőrzései során, amelynek keretében 135 őstermelőt ellenőrzött – közölte a...
Read moreFazekas Sándor: there is a great interest towards the Hungarian agricultural research results
There is a considerable interest towards Hungarian agricultural research abroad; Not only in the neighboring countries but also in Central Asia – for example towards the new Hungarian wheat varieties...
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Coffee may reduce the risk of death due to cardiovascular diseases
Coffee may reduce the risk of a series of illnesses, including cardiovascular disease, according to two recent studies, but their authors argue that the lifestyle associated with coffee may also...
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