News and articles
Inflation increased in the euro area and in the EU in February
Euro area’s annual inflation became 2.0 percent in February 2017, up from the 1.8 percent in January. In February 2016 the rate was -0.2 percent. European Union annual inflation was...
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Chamber of agriculture plans agri-expo and arable land days
NAK will organise the 21st Pápa Agricultural Expo between 19 and 21 May 2017. In 2016 there were more than 12,000 visitors at this event. The 1st NAK Arable Land...
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The tracking platform is on the right track
It was one year ago that the National Food Tracking Platform (NÉNYP) was established. In the next year the platform will be busy preparing sector-specific guidelines based on relevant laws...
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KSH: agricultural producer prices continued to fall in January
In January, agricultural producer prices decreased by 2.6 percent compared to the same period of the previous year. The decline was the result of the 8.9 percent decline in the...
Read moreThe breweries would reduce the VAT on draft beer
The big brewers and small-scale distilleries turned together to Varga Mihály National Economy Minister to extend the local dining preferential VAT on draft beer – Világgazdaság wrote. As it is...
Read moreThe e-commerce and dual product quality are in the focus of this year’s consumer protection
The regulation of e-commerce and eliminate the double product quality are in the focus of this year’s consumer protection, but the monitoring of the product demonstrations remains a priority as...
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The performance of agricultural exports is outstanding for years
The driving force behind the Hungarian economy was agriculture in 2016, the performance of agricultural exports is high for many years – Czerván György, Minister of State for the Ministry...
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The Pécsi Sör Premium Lager Beer Pécs became the Product of the Year in the beer category
Hungary’s oldest operating brewery is the Pécsi Sörfőzde. The company has nearly 170 years of open brewing experience. The Pécsi Sör is truly unique and innovative, not only in terms...
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A new era of eating problems has begun
Overweight and obesity are more frequent and a whole range of diseases will comewith them – the new FAO report on the European and Central Asian region reveals. Due to...
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Good crop prospects in orchards, despite the harsh winter
The unusually cold winter frost did not cause significant damage to the orchards – the Hungarian Horticultural Propagation Management Company (MKSZ) states on the basis of laboratory tests of fourteen...
Read moreVinCE Budapest: the Torres, Taittinger and the Roederer houses among the guests
Miguel Torres, Clovis Taittinger and the cellar master of the Roederer Champagne house will held master courses at the 8th VinCE Budapest Wine Show, during which a number of specialties,...
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Cooperation agreement between the NÉBIH and the Association of Excise Services
The National Food Chain Safety Office (NÉBIH) and the Customs, Excise and Taxation Service Providers Association (VJASZSZ) signed a cooperation agreement to contribute to the fight against food adulteration and...
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Crisis in the ostrich industry in Hungary
The ostrich industry in Hungary is in trouble. Demand declined significantly, sales prices decreased, the profit is mainly goes to the Slovak, Romanian, Italian and Czech processors, so fewer and...
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The CEO of the Year was awarded
Under the 32nd CEO Summit, the awards for the the most outstanding business leaders of the year were handed over in Röjtökmuzsaj. The CEO of the Year recognition was awarded...
Read moreWe spent seventeen thousand billion last year
In 2016, the consumption spending of families rose by 5 percent faster than in-store purchases. The 17 thousand billion HUF spendings roughly correspond to the level of the spendings of...
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NÉBIH: 12 million investigations within five years
Since its inception, the National Food Chain Safety Office (NÉBIH) initiated more than 12 million investigations and restrained approximately 10 billion HUF VAT and other tax avoidances in the past...
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Analysts: foreign trade surplus is decreasing, but remains high
Foreign trade surplus is expected to decrease this year, but still remains high – according to analysts commenting the most recent data of the Central Statistical Office (KSH). According to...
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The Szentkirályi-Kékkúti Ásványvíz increased its share on the market of non-flavored mineral waters
The Szentkirályi-Kékkúti Ásványvíz Kft. has maintained its leading position in the domestic mineral water market. The company reached nearly 15 billion HUF in revenues in 2016. In terms of the...
Read moreMore than 6,300 tons of tobacco grown last year in Hungary
In Hungary, a total of 6343 tons of tobacco was produced in 2016 on 3366 hectares. Compared to the figures from two years ago the average yield increased, while area...
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Univer is breeding red pepper with EU support
The Univer Product Zrt. and its consortium partners are breeding pepper and developing horticultural technology from the 531 million HUF grants won within the Economic Development and Innovation Operational Program...
Read moreThe Chamber of Agriculture issued eighty thousand fewer farmers’ certificates
Compared to recent years, the Chamber of Agriculture issued more than eighty thousand fewer farmers’ certificates. Süle Katalin Chamber presidency spokesperson told M1 news channel on Monday that the decline...
Read moreSurvey on the British spending habits
Britain is a nation of vodka drinkers who wear Nike, prefer to gamble at Ladbrokes and don’t realise Brexit will make life more expensive, according to a consumer survey by...
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Hungarian companies can participate in one of the world’s largest startup festival
Five Hungarian innovative companies can participate in the world’s largest startup festival, at the South by Southwest (SXSW) Interactive organized in Austin, USA. The Hungarian participation is carried out with...
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The NAV seized twelve thousand bottles of fake perfumes
The finance guards of the National Tax and Customs Office (NAV) seized twelve thousand bottles of fake perfumes hidden in a warehouse – the press officer of NAV’s Bács-Kiskun County...
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Capital reduction at the Hungarian subsidiary of McDonald’s
The Hungarian subsidiary of McDonald’s decided about a significant capital reduction – Világgazdaság Online wrote. The McDonald’s Magyarországi Étterem Hálózat Kft. will reduce its equity capital from 6.5 billion HUF...
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Annual market nears 30 billion forints
Combined sales of the five hair care categories Nielsen monitors realised 3 percent higher value sales between December 2015 and November 2016 than a year earlier. The 12-month market exceeded...
Read moreChamber of agriculture joins Brussels lobby group
The Hungarian Chamber of Agriculture (NAK) joined Brussels-based lobbyist The Association for Better European Access to Nutrients (ABEAN). ABEAN is lobbying for the abolition of the 6.5-percent import duty on...
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Consumer recognitions can bring significant sales growth
The winning of the Product of the Year Award (POY) award may bring an average of 40 percent increase in traffic for the brands, but the scope of consumers may...
Read moreBeekeepers proposed a honey data bank
There is a need to create a EU honey data bank, in order to reduce the counterfeit import products mainly from Asia – Bross Péter, president of the Hungarian National...
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Fish can be cheaper in stores
The Ministry of Agriculture (FM) initiates a VAT reduction for fish, because the measure would whiten the sector and would contribute to double the consumption of fish in a few...
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