News and articles
Hungarian success at the Czech wine competition
Hungarian wines are participating at the Czech Republic’s major international wine competition, the Grand Prix Vinex for two year. An outstanding success born this year. The Tokaj Trading House’s Grand...
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Bankmonitor: The savings of the Hungarians are below the Western European average
On average, Hungarians have savings of 2.1 million HUF per capita. This amount is significantly below the Western European average of 23.9 million HUF and significantly lower than the Central...
Read moreThe majority of SMEs do not plan any staff increase
Only around one in six domestic SMEs plans new recruitment of workers, while the majority of businesses expect stagnation in the number of the staff. Thus, spectacular growth in employment...
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160-180 billion forint investment is necessary in the fruit-vegetable sector
In the next 6-8 years Hungary needs to invest HUF 160-180 billion in fruit and vegetable growing and processing if it wants to make products competitive in the market. FruitVeb...
Read moreDebrecen-seated Civita Food also sells in London
Civita Food Kft. started selling its GMO- and gluten-free products in London. The company is building its own distribution network that covers the area from the UK to Estonia. Civita...
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Pikopack’s two-billion-forint investment
Füzesabony packaging company Pikopack Zrt. invested HUF 2 billion in building a packaging technology centre, which has a production line capable of vegetable processing and manufacturing groceries and pet food....
Read moreThe GKI expects accelerating consumption and stagnation in investment
According to the forecast of the GKI Gazdaságkutató Zrt. (GKI Economic Research Co.), the growth was exceptionally fast temporarily in 2014: 3.6 percent. However the Hungarian economy was not able...
Read moreNGM: the demand supports the strengthening of foreign trade
Behind the upturn in foreign trade the strengthening of external and domestic demand can be both observed – the Ministry of National Economy (NGM) commented to the report of the...
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KSH: the trade surplus continued to rise in February
In February, exports in euros increased by 6.0, while imports rose by by 6.1 percent compared with the previous year. The trade balance surplus increased by 41 million euros to...
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Five Central and Eastern European countries call for joint action against VAT fraud
Five Central and Eastern European countries call for joint action against VAT fraud, among other things, to extend reverse VAT – Varga Mihály, Minister of National Economy (NGM) told MTI....
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The P & G and Auchan launched a joint charity program for the children in need
The Procter & Gamble and Auchan launched a joint charitable program to improve the daily lives of the residents of the SOS Children's Village and four other children homes and...
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The Turkish cultural center organizes culinary months in Budapest
Café evening, cooking courses and culinary street festival are also included to the programs of the thematic culinary month of the Yunus Emre Enstitüsü Turkish Cultural Center. The thematic culinary...
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US food chain chain stops serving GMO food
Food companies around the U.S. are proactively working to label foods containing genetically modified organisms (GMOs), and in some cases do not sell them at all. The Chipotle network removed...
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Seventeen Hungarian wines at the Le Mondial Du Rosé
The Hungarian wines reached great results at the LE MONDIAL DU ROSÉ, which is the world's largest and most important rosé wine competition. The competition was held between 25 and...
Read moreThe tobacconists already took the folies down several places
Several tobacconists took the folies down from the tobacco shop windows after the murder in Kaposvár. The shop owners usually covers the tobacco products with a shutter – the M1...
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OMÉK: parade of local products in Budapest
The 77th National Agricultural Exhibition and Trade Fair (OMÉK) will be the parade of local products. The OMÉK will be held in Budapest in September – the Minister of Agriculture...
Read moreThirty Million HUF worth smuggled cigarettes were found near Szatmárcseke
The National Tax and Customs Administration (NAV) found thirty Million HUF worth smuggled cigarettes near Szatmárcseke. The finance guards detected a suspicious boat on the Tisza river and a vehicle...
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Gallicoop forced to find new markets due to the embargo
Last year Gallicoop Turkey Processing Zrt.’s sales revenue was HUF 33 billion, 1 billion more than in 2013. This progress had to do with the fact that because of the...
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Manufacturer brands bettered their position
Razor and epilator sales exceeded HUF 800 million last year, but value sales reduced by 8 percent – while volume sales were stable. Drugstores were responsible for the majority of...
Read moreCBRE: dynamic growth on the commercial property market
Last year11.4 million square meters of shopping centers were built in the world. This is 800 thousand square meters more than in 2013. Twenty percent of the new shopping centers...
Read moreThe government raised its GDP forecast for 2015 to 3.1 percent
The government raised the expected economic growth forecast to 3.1 percent from 2.5 percent – Banai Péter Benő, Minister of State of the Ministry of National Economy (NGM) told M1...
Read moreHungarian-Russian negotiations on food security in Budapest
Bognár Lajos, Deputy Minister of State of the Ministry of Agriculture (FM), and Alexei Alekszejenko, deputy leader of the the Russian Federation’s Federal Veterinary and Phytosanitary Supervision (Rosszelhoznadzor) were discussing...
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The Hungarian television advertising market is expecting a single-digit growth this year
The Chairman of the Hungarian Electronic Broadcasters Association (MEME) predicted a “correct, but single-digit” growth for the Hungarian television advertising market this year. Kovács Krisztián stated that they do not...
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The Reál Hungária Élelmiszer Kft. and the Milk Product Council signed an agreement
The Reál Food Hungária Kft. – after becoming a member of the Milk Product Council on 19 March – concluded a cooperation agreement on 29 April with the Milk Interprofessional...
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The fisheries management operational program aims to increase fish consumption
The Hungarian Fisheries Management Operational Program is soon to be completed. The program aims to double the current domestic fish consumption of about 5 kilogrammes per capita – Viski József,...
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Rising cocoa prices on the world market
Cocoa prices rebounded strongly despite another set of data signalling a drop in demand for beans this time from Asia, where the grind fell even further than in Europe...
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Hungarian trading houses were opened in Namibia and Zambia
The Head of Communications of the Hungarian National Trading House Plc. (MNKH) informed MTI on Friday that the government opened two Hungarian trading houses on Thursday in accordance with the...
Read moreSzékely Festival in the Millenáris Park
Cultural activities, dance house, puppet theater and culinary demonstrations and exhibitions await the visitors of the Székely Festival that begins on Friday in the Millenáris Park in Budapest. At the...
Read moreGMO corn seed was found in a consignment in Kecskemét
GMOs (genetically modified organisms) contaminated maize seed was found in a shipment, ordered by a Kecskemét-based company. The National Food Chain Safety Authority (Nébih) seized the shipment worth 10 million...
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Magazine: Tens of billions in promotional revenue – but how much comes from extra sales?
In Hungary from the sales of certain high-turnover categories more than 50 percent is realised in promotion. Do promotions generate extra sales or do manufacturers destroy value with the many...
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