News and articles
One hundred percent subsidized loans to farmers who were affected by spring frost damage
Those farmers whose lands were hit by frost in April this year may claim for an up to 500 thousand HUF interest rate and cost-free credit per hectare – the...
Read moreThe battle of beer giants is about 103.8 billion USD
Anheuser-Busch InBev boosted its offer for beer rival SABMiller in an attempt to salvage a global merger threatened by the United Kingdom's vote to leave the European Union. Belgium-based Budweiser...
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Nébih: half a ton of meat was seized in a meat shop in Hold Street Market
Half a ton of unmarked illicit frozen meat was seized by the National Food Chain Safety Office’s (NÉBIH) staff in a meat shop in the capital's Hold Street Market. The...
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McDonald's all-day breakfast is a huge success
Net income for the quarter dropped 9 percent to 1.09 billion USD, resulting in earnings of 1.25 USD per share. Excluding the impact of one-time charges, Mickey D’s posted 1.45...
Read moreThe orders of durable goods in the USA decreased in June
The orders for durable goods, such as cars, airplanes and computers, dropped 4 percent to 219.8 billion USD after slipping 2.8 percent in May, the Commerce Department said Wednesday. Commercial...
Read moreTesco sells Kipa
Tesco has decided to sell Turkey’s market leader retail chain Kipa, in which the British retailer has a 95.5-percent share. Tesco is expected to get GBP 30 million for their...
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International Taste & Quality Institute
The International Taste & Quality Institute (iTQi) gave three gold stars to Veritas Gold’s natural mineral water and rewarded BUSZESZ Zrt.’s Chef apple cider vinegar with two gold stars at...
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The reduction of poultry VAT may bring expanding consumption
Poultry meat consumption may increase by up to five percent, in the beginning of next year, due to the reduced VAT – Poultry Product Council’s Director believes. Csorbai Attila believes...
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The Brandbank, a member of the Nielsen Group enters the US market as the data service provider of Walmart
On 29 June 2016, Nielsen announced the launch of Brandbank into the U.S. Consumer Packaged Goods and retail market, integrated into Wal-Mart's systems as an approved content service provider. Brandbank,...
Read moreImproved business and consumer confidence
The business activity index of GKI improved in July. According to the survey, both business and consumer expectations have improved, but are still slightly below the high level at the...
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Book time to buy a laptop!
In the stores of an electronics chain of stores, you can book time to buy TV, refrigerator or laptop – origo wrote. “Due to the convenience of our customers several...
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Vodka factory investment with a high priority
In addition to the Buda Castle, the government declared an automotive industry supplier, a pharmaceutical company and an investment related to a vodka factory as high priority national economy significance....
Read moreThe NAV found forty million HUF worth contraband cigarettes in Szabolcs County
The staff National Tax and Customs Office (NAV) found forty million HUF worth contraband cigarettes in a property in Szabolcs-Szatmár Bereg County. Suller György Attila the press officer of the...
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CNG filling station network can be built in Hungary
In the next two years, 39 new CNG (compressed natural gas) filling stations can be built in Hungary. The Hungarian Gas Transport Cluster Association (MGKKE) told that 39 new CNG...
Read moreConsumer confidence decreased in the USA
Conference Board economic research institute’s consumer confidence index fell slightly in July, but became better than expected. In July, the consumer confidence index fell to 97.3 points, from June’s 97.4...
Read moreGerman economy continues to perform well
Markit Economics Institute’s German Purchasing Managers' Index (PMI) for July became better than expected. It has risen up to this year’s highest value in July. The preliminary value of the...
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Loyalty programmes are the key to the heart of Millennials
A report prepared in cooperation by Bond Brand Loyalty and VISA, with the participation of 12,000 US and 7,000 Canadian consumers about 58 loyalty programmes, has found that shoppers deem...
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Zwack satisfied with results
Despite the introduction of the public health product tax (NETA) in the spirits market last year, 225-year-old Zwack Unicum Nyrt. had a successful year – stated a press release by...
Read moreKSH: retail trade grew 6.8 percent in May
In May, the volume of retail turnover – according to the raw data – increased by 6.8 percent. According to the calendar effects adjusted data the increase was 5.7 percent,...
Read moreLast year, consumers spent one in four HUF on own branded products
According to the latest data of GfK’s annual Brand Analysis, last year the market share of own branded products of the commercial chains increased slightly after five years of stagnation....
Read moreNGM: retail sales increase since nearly three years
Retail sales grow for nearly three years. The growth that lasts for 35 month may remain permanently high this year, due to, inter alia, employment expansion, the rapidly rising wages,...
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Less melons may be imported this year
After the previous years, this year's market was more favorable to producers, but the fruit will be more expensive than last year – Népszabadság Online wrote. Oravecz Tamás, president of...
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Belgium’s pride has arrived
Borsodi will delight the friends of the Hungarian beer now with limited edition Belgian beer specialties. The Belgian beer culture huas a centuries-old tradition. Among today's finest specialty beers a...
Read moreThe farmers need to prepare to convert the support system
One of the biggest challenges in the coming years is to help farmers to prepare for the significant transition of the support scheme after 2020. One of the most important...
Read moreGE: the majority of Hungarian companies can not adapt to the speed of technological progress
According to 80 percent of the interviewed executives in Hungary in charge of innovation – (81 percent worldwide) industrial digital technologies in the next 10 years will radically transform the...
Read moreThe ekáer filters more efficiently from 1 August
The electronic road freight traffic control system (ekáer) will filter more efficiently from 1 August. After the National Assembly had refined the rules of the system, on the basis of...
Read moreFAO: cattle disease spreads fast
The lumpy skin disease among cattle is spreading very fast. The disease in recent weeks has reached Serbia, Albania and Montenegro, and can even appear in Hungary – the UN...
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The Mondi will create 220 new jobs in Békéscsaba
The Mondi Békéscsaba Kft. to expand its production site in Békéscsaba within the framework of a 13 billion HUF investment. As the result of the investment, 220 new jobs will...
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Food Cooking Festival in Fertõd
The world of 17th-century inn kitchen and gentlemanly cuisine will come to life for the fourth time in the courtyard of the Esterházy Palace on August 12 and 13 at...
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Consumer prices down 0.2 percent in May
In May like-for-like consumer prices dropped 0.2 percent according to the Central Statistical Office (KSH). In comparison with May 2015, food prices didn’t change. Sugar prices soared by 19.7 percent...
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