News and articles
Cheap pre-financing can compensate the delay in payment tender
In a few weeks the European Union’s tenders will start. The remaining tenders of the 2014 to 2020 budget period should be published by the end of March. The Prime...
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Significant export opportunities for the Hungarian companies in Iran
Hungarian businesses can develop significant, all segment-wide business cooperations in Iran. The Hungarian National Trading House organized a Hungarian-Iranian Business Forum on 7 February 2017 in Budapest. The participanting domestic...
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One can enter to the catering chef competition by mid-April
The National Food Chain Safety Office (NÉBIH) and the National Association of Public Caterers (KÖZSZÖV) accept the entries to the Catering Chef Competition 2017-2018 until 18 April. According to NÉBIH’s...
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Amazon’s payment service doubled last year
Amazon’s payment service doubled last year: twice as many people used the service in 2016 than in 2015 – portfolio.hu wrote. Amazon.com increased its impact in online payments in 2016....
Read moreStudents reproduced a 5000 year old beer
The beer recipe was discovered by Stanford archaeologist Li Liu and a team of researchers on the inside portion of a piece of pottery found in a Chinese cave. The...
Read moreForty thousand packs of untaxed cigarettes were found in a van
Forty thousand packs of untaxed cigarettes were found in a van by the finance guards of the National Tax and Customs Office (NAV). The driver fled leaving the vehicle. According...
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Simpler taxation, longer procedures
The World Bank Group and PwC’s Paying Taxes 2017 report – which studies how simple tax payment is 190 countries of the world – reveals that from year to year,...
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EU-level voucher system
As of 1 January 2019 stricter and much more complicated rules will regulate the voucher system, because the European Union has adopted a directive aimed at harmonising and clarifying the...
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Increasing minimum wages
The government, employers and trade unions have reached an agreement on next year’s wages. In November Minister for National Economy Mihály Varga announced: next year minimum wages will grow by...
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Magazine: Hungary’s commercial real estate market keeps growing
After the decline caused by the economic recession of 2008, the Hungarian commercial real estate market was going through a recovery process in the last few years. Zoltán Szalóky, head...
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ÉFOSZ: the health status of the Hungarian population was not affected by the introduction of the public health product tax
According to the Food Industries National Association (ÉFOSZ), altough the consumption of products affected by the public health product tax (NETA) declined in recent years, the introduction of the tax...
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Wiesbauer-Dunahús: new premium products increase turnover
The turnover of the Austrian Wiesbauer Holding’s Hungarian subsidiary, the Wiesbauer-Dunahús – which employs 105 people – exceeded 4 billion HUF in 2016. This strong growth is primarily due to...
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The Gallfood plans to open a new plant and a cold storage in Tata
The local government of Tata supports the business developing and operating the city’s industrial park with a gross 146 million HUF. In addition the park’s road network will be expanded...
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The shareholders decided to split up Metro
According to the statement of the company, on Monday that 99.95 percent of the voting share capital represented voted in favour of the split. Metro hopes the split will help...
Read moreTesco sells 1.5 million donuts in the carnival season!
Twenty percent more donuts are consumed in the Tesco during the carnival season, compared to an average month. This year, the customers can choose among 22 kinds of locally baked...
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Inspectors mainly found labeling errors in case of frozen chips
The National Food Chain Safety Office (NÉBIH), found labeling errors in case of all the sixteen tested frozen french fries products. According to the communication of the National Food Chain...
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NGM Minister of State: earnings will also rise in the higher wage brackets
Earnings will also rise in the higher wage brackets due to the introduced tax cuts – Cseresnyés Péter, Minister of State for National Economy Ministry (NGM) told M1 news channel...
Read moreLast year, retail sales increased by 5.6 percent in the Czech Republic
Retail sales increased by 5.6 percent in the Czech Republic in 2016 on an annual basis – the Czech Statistical Office (CSU) announced on Monday in Prague. Statisticians said that...
Read moreFazekas: the establishment of joint-ventures may be an important part in the Russian-Hungarian agricultural cooperation in the future
The establishment of joint-ventures may be an important part in the Russian-Hungarian agricultural cooperation in the future – the Ministers of Agriculture of the two countries stated during talks in...
Read moreThe share of domestic foods continued to decline in the stores in Slovakia
The share of domestic foods continued to decline slightly last year in Slovakia – was revealed in the survey of the Slovak Agriculture and Food Chamber (SPPK). According to a...
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Ford Trucks chose Delta-Truck as the Hungarian importer of its vehicles
The Ford Trucks associated with the Delta Truck. Under the cooperation the Delta-Truck offers sales, after-sales and spare parts solutions in Hungary. The new business activity is based on existing...
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Export conference for Hungarian enterprises in neighbouring countries
In November the Hungarian National Trading House (MNKH) organised its first export-themed conference for Hungarian businesses located in neighbouring countries. The event took place in Csíkszereda (Miercurea Ciuc) in Romania...
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What will Donald Trump bring for the financial markets?
On 8 November 2016 Donald Trump won the presidential elections in the USA. At the moment it is rather uncertain what is going to happen in the financial markets. It...
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Details about the legalisation of wells
Many questions emerged in connection with the legalisation of wells dug illegally. Those concerned by this can find useful information on the NAK website....
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The Chinese market needs to be approached cautiously
It is very important to know that businesses that wish to enter the Chinese market need to be aware of how important the following things are in the country’s business...
Read moreAnalysts: retail sales growth slowed, but continues
The increase in retail sales slowed down, but continues, the decline in pace was probably only temporary – analysts commented on Friday published data of the Central Statistical Office (KSH)...
Read moreThe indication of the availability of consumer protection authority is not mandatory in the stores
The indication of the availability of consumer protection authority is still not mandatory in the stores, due to the lack of this, the authority shall not fine the traders, as...
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The Government will indemnify all the farmers due to the bird flu
The Government will indemnify the farmers for their losses, incurred due to the avian influenza; a total of more than 3 billion HUF is available for this purpose of which...
Read moreThe assessment of frost damages has started in agriculture
The assessment of frost damages has started in the orchards and fields – the leaders of the trade unions told MTI on Monday. Ledó Ferenc, chairman of the Hungarian Fruit...
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The Pápai Hús Kft. has expanded its production
A month after the change of ownership at the beginning of last December, the Pápai Hús Kft. increased its production by 25 percent. The income from raw meat and meat...
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