News and articles
Entrepreneurship is stable despite the challenges in Hungary
The entrepreneurship around the world, including Hungary plays an increasingly important role in stimulating the economy and increasing employment. International and national data show that entrepreneurship both in Hungary and...
Read moreMany big brands did not make a deal with the state tobacco supplier
Marlboro, Multifilter, Philip Morris, Benson & Hedges, Golden Gate, Symphonia, Mustang, Főnix, West, Gauloises, Davidoff – all these brands will soon disappear from the shelves of the tobacco shops, because...
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The number of SPAR express shops at OMV filling stations expanded to 45
In October and November, SPAR express renewed the contract of its shops at OMV filling stations in six additional cities. New SPAR express shops were opened in Székesfehérvár and Veszprém...
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The Fornetti has launched a 600 million HUF development program
The Fornetti has launched a 600 million HUF development program. As the first element the company built a furniture factory in Kiskunfélegyha, where 20 new jobs created – Sebastian Gooding,...
Read moreConference for the GMO-free Europe
A Hungarian and an Austrian People's Party MEP organized a conference titled Fotr the GMO-free Europe, in the European Parliament's József Antall building. Before Wednesday's conference Hölvényi György, MEP one...
Read moreThe organizations using and distributing e-cigarettes turned to the social welfare committee
The organizations of the electronic cigarette users and distributors turned to the social welfare committee of the Parliament in an open letter to include them in the legislative process –...
Read moreGrand Bordeaux Tasting: Cabernets and Merlots in Budapest
150 Hungarian and foreign wines of 70 wineries made of Cabernet Franc, Cabernet Sauvignon and Merlot will await the guests of the Grand Bordeaux Tasting on Saturday at the Corinthia...
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The circus is the Cake and Pastry Festival’s central theme this year
The muster Hungarian pastry shops to be held on the weekend in the Millenáris Park; at the Cake and Pastry Festival, the visitors can view the winning works of the...
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National Council of Pálinka becomes a public body
Based on the amendments to the law on pálinka, grape marc pálinka and the National Council of Pálinka, the National Council of Pálinka becomes a legal entity. The council will...
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FM: the chimney cake is a Szekler Transylvanian and Hungarian cake at the same time
Achim Irimescu, candidate for the Romanian Minister for Agriculture in the parliamentary committee hearing on Monday talked that he would register the chimney cake as a traditional Romanian product in...
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“The House of Mothers” has been opened in the Bethesda Children's Hospital
The worthy placement of the parents of the children has arrived to a milestone in the Bethesda Children's Hospital: The House of Mothers was handed over The project in the...
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Opening the door for Hungarian innovations
One of the Hungarian National Trading House’s (MNKH) goals is to support Hungarian startups and innovative SMEs, assisting them in entering foreign markets. CEO Zsanett Ducsai-Oláh and Kata Pál, director...
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The good news is that there is no bad news
In October the six-month negative trend came to an end in the financial markets. The good news was that there was no bad news – although none of the dangers...
Read moreDemand for Hungarian wine in foreign markets
In the first half of 2015 Hungarian wineries exported 349,000 hectolitres of wine, 5.2 percent more than a year earlier. This represents a EUR 40-million value, which is 9 percent...
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EU restarts payment
After 5 months of debates the European Commission decided to restart payment in the first three priorities of the Economic Development Operative Programme (GOP). Hungary received HUF 210 billion for...
Read moreThe state can win 20 billion, while the chains can lose 40
The state can achieve at least twenty billion HUF tax revenue, if the large supermarket chains would be required to employ vendors to every seventy square meters, regardless of whether...
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The Coop Store Chain is twenty-years-old
The Coop's success is a Hungarian success. The chain could become a dominant player in the Hungarian economy and could effectively picked to compete with the big international chains –...
Read moreA double-digit growth in the online advertising market
The domestic digital advertising market achieved a double-digit growth in the third quarter – the IAB Hungary told MTI. According to IAB Hungary, between early July and late September, the...
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Online Cash Registers may be introduced in the case of other service providers
The government is preparing further steps to fight against the black economy. Such steps will be the launch of the electronic billing system, as well as the introduction of the...
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A fusion in online trade
Two major online dealers, the Romanian eMAG webstore and the Swiss Fashion Days fashion portal – announced their fusion at a press conference in Bucharest on Wednesday. The Fashion Days,...
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Decreased sales at Wal-Mart
Despite a decrease in profit and revenue lagging behind the expectations, the investors are still happy after Wal-Mart's quarterly report was published: the share price increased to 5% plus. The...
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Praktiker is preparing for its 18th Christmas season in Hungary
The Praktiker has expanded its range of artificial pines for this year's Christmas season. The domestic buyers are looking for artificial pines more and more often, because it fits into...
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The Erste Bank has become the Bank of the Year at MasterCard
Erste Bank received MasterCard’s Bank of the Year Grand Prize this year in Hungary. The financial institution at the same time also won the Most Innovative Bank of the Year...
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Illegal alcohol plant in Kecskemét
An illegal alcohol plant was found by the finance guards of the National Tax and Customs Administration (NAV) in Kecskemét. At the illegal alcohol plant almost one hundred thousand liters...
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Eeco-labeled products to be promoted
Tripartite Environment Minister partnership agreement was signed between the Ministry of Agriculture (FM) and the CO-OP Hungary Zrt. and the Environmentally Friendly Products Nonprofit Kft. on Thursday in Budapest. According...
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Spar expansion in Africa
Spar International announced that it opened its first shop in Douala in Cameroun. The 2,500m² unit is operated in cooperation with local partner L’Atrium S.A., a retail chain which has...
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New investor buys Mall.hu
International investment firm Rockaway Capital announced acquiring a 100-percent share in Netretail Holding B.V, owner of the MALL brand. This step makes the company one of the biggest e-commerce enterprises...
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Metro is waiting for the end of the year
Metro is optimistic about the Christmas season. Although the company’s year-on-year sales decreased by 1.1 percent to EUR 14.2 billion, they hope for EUR 1.75-billion net sales at the end...
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Rapid salmonella detection
A US company called BioDetection Instruments is developing a portable device for testing food quality and detecting salmonella infection. The device would primarily be used to test ready-to-go food. Presently...
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Bioenergy from Vajszló
As a result of a HUF 1-billion development project by Ormánsági Zöldenergia Kft., a 637-kilowatt power plant was built in Vajszló. The new plant’s annual production capacity is 4.5 gigawatt...
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