News and articles
Hungary lost a lot because of the sanctions against Russia
Minister of Foreign Affairs and Trade Péter Szijjártó told Russian daily Kommersant that Hungary lost USD 6.5 billion because of the economic sanctions imposed against Russia. The minister hopes that...
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Client Gateway risks
The tax authorities more and more frequently inform businesses about tax inspections by sending an e-mail via the Client Gateway (Ügyfélkapu) system. The problem is that while these letters were...
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A big gun enters the Hungarian market
In November 2016 Spain-based Natur House, one of the most dynamically growing European franchise networks entered the Hungarian market. In Hungary NaturDiet Zrt. represents the healthy and weight loss diet...
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Efficient NAV
In 2016 the reformed, customer-oriented National Tax and Customs Administration (NAV) put HUF 12,793 billion into the national budget, HUF 31 billion more than originally expected by the government. Secretary...
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As many consumer habits as store types
In cooperation with GfK, Coca-Cola HBC Magyarország Kft. tried to answer the following question: Why do we go shopping and what influences our buying decisions? György Galántai, general sales manager...
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As many consumer habits as store types
In cooperation with GfK, Coca-Cola HBC Magyarország Kft. tried to answer the following question: Why do we go shopping and what influences our buying decisions? György Galántai, general sales manager...
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Franchise superior 2016
On 19 January 2017 the Hungarian Franchise Association announced the eight category winner franchisors and franchisees. András Tóth, president of the Hungarian Franchise Association T.M.: – How do you assess...
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The fall in prices may begin with lettuce and cabbage
The high fruit and vegetable prices may be broke down by the appearance of the domestic version of the most cold-tolerant leafy vegetables (salads, brassicas) at the end of March...
Read moreGKI: the growth of the sentiment index stopped in February
After a three-month increase, the improvement of the GKI sentiment index has stopped in February. The business expectations have not changed, while the consumer expectations deteriorated slightly. The index fluctuates...
Read moreThe Chamber of Agriculture would reduce the VAT rate for cereals to 5 percent
The Chamber of Agriculture (NAK) suggests to reduce the VAT rate for cereals to 5 percent if the European Union does not allow reverse VAT payment after 2018. With this...
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EU’s agri-food exports increased significantly in 2016
The European Union’s agri-food exports increased outstandingly in 2016, exceeding the previous year’s figure with 1.7 billion euros, reaching 130.7 billion euros – the European Commission said on Monday. According...
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The number of card-accepting terminals may increase with 25-33 percent
This year an explosive growth is expected in the number of card accepting terminals – privatbankar.hu wrote. In Hungary, credit card acceptance points appeared with the development of the dual...
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KSH: the improvement in employment came to a halt during the winter months
Between November 2016 and January 2017, the average number of employees was 4 million 401 thousand, 161 thousand more than the year before. The data shows a slight decrease of...
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Applicants for rural development receive free assistance
The free services of the Széchenyi Program Office were expanded. The applicants of the rural development funds can receive free information and advice on development – the Prime Minister’s Office...
Read moreNearly 700 million HUF for irrigation water quality research
The Ecology Research Centre of the Hungarian Academy, the National Public Health Center, the Agricultural Research Centre of the Hungarian Academy of Sciences (MTA) and the Smaragd GSH Kft jointly...
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Wal-Mart reduces its prices
Wal-Mart has launched a new price comparison test in nearly 1,200 of its shops. The goal is to compete with the discount chains – portfolio.hu wrote. Wal-Mart launched the price...
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Economic and business sentiment improved in the euro area in February
The European Commission’s business sentiment index and economic indicator improved in the euro area in February. A separate business confidence indicator, which points to the phase of the business cycle,...
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Vending machines to have online connection with NAV’s IT system
AFE unit is ready and waiting for authorisation Vending machines to have online connection with NAV’s IT system A so-called vending machine supervision unit (AFE) is ready and waiting for...
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A big gun enters the Hungarian market
In November 2016 Spain-based Natur House, one of the most dynamically growing European franchise networks entered the Hungarian market. In Hungary NaturDiet Zrt. represents the healthy and weight loss diet...
Read moreNGM: retail sales are expanding for forty-two months
While retail sales are expanding for forty-two months, consumption has expanded at a rate has not seen since 2003 in 2016, thanks to improving employment indicators and the low inflation...
Read moreK&H: agricultural enterprises expect growth
The majority of agricultural companies expect increase, their investment intentions are also stronger than the investment intentions of other companies, but they expect to face many challenges in the coming...
Read moreFM: 5 billion HUF is given to the farmers to alleviate agricultural damages
The Ministry of Agriculture (FM) provides approximately 5 billion HUF to 3300 farmers to alleviate agricultural damages, due to the bad weather of last year – the FM told MTI...
Read moreAldi: the company’s private label products have the same quality in all countries
There are no differencies between the quality of the company’s products sold abroad or domestically. However, the manufacturers of the international brands sold by the chain are responsible for the...
Read moreThe Danubiana Kft. increased its revenues last year
The Danubiana Kft. has kept its markets and increased its sales by a few percentage points last year – – the managing director of the company told MTI. Schmidt Győző...
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Stuffed Moon Gastro Weekend at the Downtown Market
The dishes of the new bistro of Széll Tamás were also available at the Töltött Hold Gasztrovíkend (Stuffed Moon Gastro Weekend) from Friday to Sunday at the Downtown Market in...
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Prime Minister’s Office: rural development applicants can get free assistance
The free services of the Széchenyi Program Office were expanded. The applicants of the rural development funds can receive free information and advice on development – the Prime Minister’s Office...
Read moreThe University of Kaposvár investigates the effects of a toxin polluting corn
The research of the University of Kaposvár investigates the endangering effect of the most common contaminant of corn (fumonisin mycotoxins) on the population. The institution is in collaboration with the...
Read moreConsumer sentiment deteriorated in the US
The University of Michigan’s consumer sentiment index fell to 95.7 points in February from the 98.5 points of January. The preliminary value of the index was 96 points. Within the...
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The non-performing loans decreased significantly in the region
The stocks of non-performing loans (NPL) in the Central and Eastern European region of non-performing bank loans in 2015 decreased significantly to 49 billion euros, due to the attractive macroeconomic...
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