News and articles
Central Eastern European Tax Brochure from MAZARS
Date: 2014-07-23 09:02:59
This year MAZARS collected relevant tax information in its Central Eastern European Tax Brochure 2014 for the second time. The study examines the tax environment in Hungary, its neighbours, in...
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Nielsen: consumer buying mood has improved
Date: 2014-07-22 12:10:28
The Nielsen Consumer Confidence Index has reached a three year record in Hungary. This is mainly due to the improvement in consumers' buying mood, and also compared to the previous...
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MOSZ: the government's announced decision causes damages to agriculture
Date: 2014-07-22 11:40:55
According to the Agricultural Cooperatives and Farmers Association (MOSZ) the government's decision announced on Monday; the farmers who have more than 1,200 hectares of land will be “deprived” from EU...
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Less than one third of the Hungarian population buying online
Date: 2014-07-22 11:39:33
86 percent of the Hungarian population has Internet access, but only 28 percent of them are regularly purchasing products via the Internet – eMAG online dealer’s survey shows. According to...
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We drink a lot of beer from little money
Date: 2014-07-22 11:35:19
In recent years, the growth of beer consumption has slowed. Although the Czechs consumes the most beer on an annual basis, Ireland's population still spends far more for this purpose....
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Coca-Cola reported higher-than-expected profit, but less revenue
Date: 2014-07-22 11:30:39
Coca-Cola reached slightly higher-than-expected profits in the second quarter, but the evolution of revenues caused a disappointment. In relation to this year's prospects the management became more pessimistic. Coca-Cola reported...
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Tesco to build flats
Date: 2014-07-22 11:25:07
Tesco is giving up its expansion plans in the UK, and plans to build flats instead of supermarkets on the previously acquired lands – portfolio.hu wrote after Property Week. Tesco...
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Nearly eighty percent of the grain was harvested in Szabolcs-Szatmár-Bereg County
Date: 2014-07-22 11:12:55
Nearly 80 percent of the grain was harvested in Szabolcs-Szatmár-Bereg County – the president of the regional chamber of agriculture told MTI on Tuesday. Rácz Imre the president of the...
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The Garay experience cellar has been opened in Szekszárd
Date: 2014-07-22 11:10:54
The Garay experience cellar has been opened on Monday in the the city's oldest wine cellar. The complex is a unique tourist attraction, implemented from a nearly two hundred million...
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Aldi’s founder dead
Date: 2014-07-22 11:00:36
The co-founder of the Aldi store empire passed away in Essen at the age of 94 – the Frankfurter Allgemeine Zeitung (FAZ) wrote on Monday. Professor Karl Albrecht, one of...
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Magazine: Old brands with new messages
Date: 2014-07-22 10:59:53
Carbonated soft drink sales have been declining steadily for a decade. Last year 31 percent less was sold than in the peak year of 2003; compared with 2012 sales were...
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Innovation is the path that leads to growth
Date: 2014-07-22 08:14:26
In the developed world 75 percent of FMCG innovations fail. Half of the 25 percent that survive realise sales below the expected level and in the end only 6-7 percent...
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GKI: This year's business expectations are in nadir in July
Date: 2014-07-21 11:45:20
Compared to the April peak, the business and consumer confidence expectations have deteriorated in July. However, the reduction of the GKI-Erste sentiment index was due to the significant drop in...
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The breaking of tobacco has started
Date: 2014-07-21 11:40:56
The breaking of tobacco has started on 4,700 hectares of the tobacco producing area in Hungary – the president of the Hungarian Tobacco Growers' Association (MADOSZ) told MTI on Monday....
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Chocolate consumption increased significantly in Asia
Date: 2014-07-21 11:38:37
The price of cocoa beans increased to its three-year peak and an even higher about 10 percent of price increase is expected until the end of the year, due to...
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The NAV checked bakeries: 50 million HUF fines
Date: 2014-07-21 11:20:03
The staff of the NAV experienced a series of serious irregularities at a foreign-owned chain, which distributes bakery products nationwide – the tax authorities told. The total amount of concealed...
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The first Hungarian organic beer is prepared from about 300 million HUF
Date: 2014-07-21 11:19:14
As the result of the 300 million HUF purely domestically-financed development, Hungary's first organic wheat beer, the Alakor has been prepared – Körös-Maros Biofarm Kft. told MTI on Monday. According...
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The Intersnack Group has purchased the Estrella Maarud
Date: 2014-07-21 11:18:35
The Lithuanian competition authority approved the lastest acquisition of the Intersnack Group. The Düsseldorf-based Intersnack and the Norwegian II. Herkules Private Investment Fund announced in May that the Herkules sells...
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Hungarian merchant house was opened in Skopje
Date: 2014-07-21 11:15:34
Szijjártó Peter, Parliamentary Minister of State of the Ministry of Foreign Affairs and Foreign Trade inaugurated the Hungarian trading house on Monday in Skopje in the capital of Macedonia; This...
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The Rosé Spritzer Festival in Villány was a great success
Date: 2014-07-21 11:15:24
The rosé wines, and the spritzers are getting more and more popular nowadays. Its consumption is healthy and there is an increasing demand for it in gastronomy as well. The...
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Tesco's CEO Philip Clarke resigns after profit warning
Date: 2014-07-21 11:12:38
Britain's biggest supermarket chain appoints Dave Lewis to succeed Philip Clarke as chief executive as sales and trading profit in the first half drop below expectations Tesco chief executive Philip...
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Kozák Danuta became the sports ambassador of the Poli-Farbe
Date: 2014-07-21 11:00:06
The Poli-Farbe paint and plaster factor asked Kozák Danuta, two-time Olympic champion kayaker to be the company’s sports ambassador. The collaboration goes beyond the traditional sports sponsorship. The Bócsa-based Poli-Farbe...
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Western European firms have become wiser
Date: 2014-07-21 09:59:36
According to the 2014 edition of the Atradius Payment Practices Barometer, in Western Europe in the first quarter of 2014 only 42.4 percent of sales realised by companies were on...
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Mobile use doubled
Date: 2014-07-21 09:54:10
Research conducted by POPAI North America found that 15 percent of consumers were using their mobiles when buying FMCG products in 2012, but by 2014 this ratio reached 31 percent....
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Farmers are more pessimistic
Date: 2014-07-21 09:35:16
Usually optimistic enterprises in the agricultural sector have rather reserved expectations about 2014, they are more pessimistic than the SME average – reveal the latest data from K&H’s SME confidence...
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Fazekas Sándor: the first results of the pig strategy are visible
Date: 2014-07-18 12:55:19
The first results of the swine strategy are starting to deliver. The number of pigs exceed 3 million in Hungary again – Fazekas Sándor, Minister of Agriculture told at a...
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Hungarian mushroom production can be doubled until 2020
Date: 2014-07-18 11:35:03
The current annual Hungarian mushroom production of 25 to 30 thousand tonnes can be doubled until 2020. The current annual Hungarian mushroom production – util the end of the current...
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KSH: earnings grew by 4.0 percent in May
Date: 2014-07-18 11:30:02
Earnings grew by 4.0 per cent in May calculated without public workers, compared to a year before. The wage increase in the private sector was 4.1 percent and in the...
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More than 140 million tonnes of wheat yield is expected in the EU
Date: 2014-07-18 11:20:52
The Strategie Grains, the leading French cereal industry analyst company has raised its forecast about this year's soft wheat yields in the EU. The Strategie Grains expects that in the...
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