News and articles
Romanian nuts in Hungarian packaging
The Hajdú-Bihar County Chamber of Commerce and Industry helped in the birth of another Hungarian-Romanian economic cooperation. The Hajdú-Bihar County Chamber of Commerce and Industry helped in the birth of...
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One, two, three four! Which will be the fittest workplace this year?
This year, the Fittest Workplace Survey starts for the fourth time. In the year of the European Football Championship and the Olympics, the organizers are wondering which company will be...
Read moreChamber of Agriculture: membership fee filing deadline changes to July 15
The National Association of Agricultural Economics (NAK) has extended the deadline for this year's membership fee returns from June 30 to July 15 – the NAK told MTI on Tuesday....
Read moreThe world's largest economy is in good shape
US gross domestic product increased with a higher-than-expected pace in the first quarter – according to the report of the Bureau of Economic Analysis (BEA) the Statistical Office of the...
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Nespresso’s new, professional barista coffee machine creates new category
Nespresso unveiled their new Aguila 220 coffee machine, which is tailored to the needs of restaurants, hotels and offices. In the last few years it has become trendier to drink...
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Sunday shopping makes its return
As of 16 April 2016 the law allows shops to be open on Sundays once again. Shopping centres reacted to this change very quickly and made it mandatory for shops...
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GKI forecasts fewer investments and economic slowdown
GKI Economic Research Zrt. forecasts a 2.3-percent economic growth in 2016 (after the 3.7-percent expansion in 2014 and the 2.9-percent growth in 2015). Data from the beginning of the year...
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Small shops with a large share in sales
Beer is one of the top sellers in 200m² and smaller shops: 38 percent of beer’s total value sales were realised in this channel in December 2015-March 2016. The 51-200m²...
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Magazine: Time to get wet
Consumer demand keeps shifting towards more convenient products in the pet food market. Nestlé Hungária brand manager Nikolett Koch told our magazine that a good price-value ratio is more important...
Read moreNGM: Hungarian retail grew above the European average
The Hungarian retail sales growth in April was the fourth largest in the European Union, significantly above the EU average of 2.4 percent – the Ministry of National Economy (NGM)...
Read moreGKI: business expectations are deteriorating since January
GKI’s business climate index is stagnated in June and May as well. According to the (www.gki.hu), survey conducted in June with the support of the EU, business and consumer expectations...
Read moreSome fish counters to close at Tesco
The Budaörs Tesco store does not sell live fish from Monday. The store warns the consumers that from July 27 the sale of live fish was terminated. The workers in...
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Every forint spent on advertising adds another six to the country’s economic performance
At the Media Hungary conference the Hungarian Advertising Association (MRSZ) and PwC Hungary revealed the findings of their study, ‘The Economic Impacts of Hungary’s Advertising Sector’. MRSZ president Zsolt Urbán...
Read moreThe harvest has started in Békés County
The harvest has begun in Békés County with the harvesting of the winter barley, canola and pea seed. Kozsuch Kornél chairman of the county harvest coordination committee told MTI on...
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The European Commission wants more flexible VAT system
The European Commission would change the EU VAT system. The European Commission want more flexible, simpler and at the same time more rigorous system against frauds by standardizing the value...
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Jack Daniel's is celebrating its 150th anniversary with a sensational barrel hunting
The oldest registered distillery in the United States, the Jack Daniel's distillery in Lynchburg is celebrating its 150th anniversary. For this illustrious occasion Uncle Jack invites his friends for barrel...
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The NAV sold almost 80 tonnes of fruits
The National Tax and Customs Office (NAV) identified nearly 30 million HUF tax shortfall at a wholesaler at the Budapest Wholesale Market. The NAV seized 22 tons of oranges and...
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Nébih examines cooking oils
The Nébih examines those suspected of cooking oils, which were found by a group of experts in several domestic stores. The tax authority claims that carries out strict actions against...
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More and more farmers grow soybeans in Hungary
More and more people are growing GMO-free soybeans in Hungary, which is essential in animal feeding – mfor.hu wrote after Magyar Hírlap. Tikász Ildikó Edit, researcher of the Agricultural Research...
Read moreIKEA recalls chocolates
The milk and peanut ingredients were not properly indicated on the packagings of the CHOKLAD MÖRK 60 percent and CHOKLAD MÖRK 70 percent cocoa dark chocolates – the company informed...
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The primary symptoms of Sunflower Sclerotinia infection are appearing at more and more places
The primary symptoms of Sunflower Sclerotinia infection are appearing at more and more places; so now it is the time to use sunflower fungicide protection, which has a good performance...
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Preservative sales dropped the least
Sales of home preserving supplies were moving between HUF 1.5 billion and 2 billion in the last two cumulative years. In the February 2015-January 2016 period value sales fell 12...
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EU proposal to fight tax fraud
In order to reform its obsolete VAT system, the European Commission (EC) has proposed an action plan to make it simpler, more resistant to fraud and more enterprise-friendly. VAT is...
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Mandatory indication of the place of origin
In the middle of May members of the European Parliament put forward a motion for a non-binding resolution for introducing mandatory country of origin labelling of meat and dairy products....
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Information sharing in corporate tax matters
The European Commission’s proposal for automatic exchange of corporate tax information among national tax authorities was welcomed by the European Parliament as a positive step in the fight against aggressive...
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Electronic signature just as valid as the handwritten
As of 1 July 2016 a new regulation applies to electronic signatures. E-signatures will become valid, legally binding, evidence providing and accepted in each member state of the European Union....
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A hundred million bank card payments
Cellum started Hungary’s first nationwide mobile payment service in 2006. Since then 100 million payments have been realised in the system, in the value of HUF 70 billion. The first...
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Magazine: Buying occasions push cheese sales
Low milk prices influenced the recent past of the cheese market: volume sales soared but value sales dropped a few percent if calculated in forint. Ildikó Toplak, brand manager of...
Read moreKSH: Retail sales increased by 5.0 percent
In April, the retail sales volume exceeded 5.0 percent over the previous year. Calendar effect adjusted the increase was 6.7 percent – the Central Statistical Office (KSH) reported in its...
Read moreFM: next year 43 billion HUF will stay in the pockets of families as the result of the food VAT cut
Next year 43 billion HUF (about 35-40 thousand HUF per families) will remain at the families as the result of the food VAT cut. Fazekas Sándor, Minister of Agriculture told...
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