News and articles
KSH: the performance of the economy grew by 2.9 percent last year
Hungary's gross domestic product (GDP) grew by 2.9 percent in 2015, compared to the previous year. In the fourth quarter of 2015 the growth was 3.2 percent, compared to the...
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Young farmers are performing well in the horticultural sector
The rate of young farmers in the horticultural sector is more than 10 percent in Hungary. These farmers are taking risks above the average and are more open to new...
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Valentine's Day – flowers and chocolates are the hit products
Sales are increasing before 14 February (Valentine's Day) in the domestic stores – according to the chains. The chain of stores told MTI that the most popular products are chocolates...
Read moreThe product boards are concerned due to the transformation of irrigation rules
The FruitVeB, Fruit and Vegetable Interprofessional Organization and Marketing Board and the Apple Product Board are calling for consultation on the subject. In the document sent to MTI on Friday,...
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Thirty-six thousand children received fruit juice thanks to the Coca-Cola Magyarország and the Food Bank
The Coca-Cola HBC Magyarország supports the Food Bank with its products for many years, not only in the Christmas season, but all year long. The Coca-Cola HBC Magyarország in 2015...
Read moreThe ifo World Economic Sentiment Index declined in the first quarter
The Ifo Index for the world economy dropped from 89.6 points to 87.8 points this quarter, drifting further from its long-term average (96.1 points). While assessments of the current economic...
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The Wonderful Baja program series is based around fish soup and traditions this year
Fercsák Róbert, Mayor of Baja at a press conference held on Friday at the Budapest Fish Festival emphasized that the city places great emphasis on the preservation of the traditions...
Read moreNAV: finance guards found 1,600 liters liters of untaxed pálinka
During an excise control, the finance guards of the National Tax and Customs Office (NAV) found 1,600 liters liters of untaxed pálinka – the NAV told MTI on Saturday. According...
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Hungary is the first EU country to sell beef to China
In mid-January the first beef consignment from an EU country, Hungary, ceremonially arrived at Shanghai. The representatives of the municipality, the customs authorities, the quarantine office and the buyer company,...
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Hamé’s Norwegian owner
Norwegian group Orkla bought Hamé from Dutch group Decapterus, paying EUR 175 million – reported napi.hu. The group owns seven factories in the Czech Republic and one in Slovakia, Romania...
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Danubiana exports more wine
Bonyhád-seated Danubiana Kft. increased its wined export by 5 percent. The company sold 138,000 hectolitres of wine in 2015, 90 percent of which was exported to the UK, Scandinavia and...
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Farmers can also apply for preferential loans
Until the end of January farmers can apply for loans with subsidised costs in the Széchenyi Card and the Hungarian Development Bank (MFB) schemes. The Agricultural and Rural Development Agency...
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Magazine: Energy drinks are flying high again
Energy drink is a functional product that fits very well into the consumer lifestyle of today’s rat race world. A growing number of people drink them instead of coffee. Sales...
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Analysts: inflation was lower than expected in January
The inflation rate in January fell short of the expectations. The main role in the data was played by the significant drop in fuel prices, the reduction of VAT on...
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GfK: financial awareness is independent of age
The development of financial culture is a vital interest for all the players in the financial sector. The financial culture encompasses the knowledge of financial products, the oversight of financial...
Read moreVine pruning at full swing
Vine pruning starts later in milder weather in the small gardens, but at the larger vineyard parcels work was going on during the whole winter. With the exception of harder...
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SPAR: fresh meat will be a hit product in 2016
The retail price of pork decreased significantly in the SPAR Group's stores after the VAT on pig carcase meat decreased from 27 to 5 percent in January. The SPAR group...
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The Hungarians like to celebrate Valentine's Day at a restaurant
In Hungary, 67 percent of Valentine's day card spending are carried out in restaurants, while the fewest transactions are in flower shops and jewelry stores (2-2 percent) – according to...
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Tesco: Let’s elebrate love together!
Christmas decorations have just disappeared, but as the celebration of love approaches the city is dressed in red again. In this case, the emotions play the main roles, and we...
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FM: this year 12 Hungarian exhibitors presented their products at the BioFach trade fair
This year, 12 Hungarian exhibitors presented their products at the BioFach, the World's leading trade fair for organic food, which took place 9 to 11 February in Nuremberg – the...
Read more“The Pálinka of the Year” is made of quince pálinkas
“The Pálinka of the Year” is made of the blending of ten pálinkas in 2016. The new product will be marketed after months of resting in numbered special bottles. “The...
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Serbia is getting cheaper
A 0.2 percent deflation was measured in Serbia last December, so the retail prices of public consumer goods and services reduced compared with November – the Republic Statistical Institute of...
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Attractive Ukrainian food market
Ukraine can be Europe's food cemetery – at least something similar is expected – due to the deterioration in living standards and due to the continued depreciation of the national...
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Budapest Ranked 5th Most Popular Logistics Location In CEE
Prologis, Inc., the global leader in industrial real estate, today announced the launch of a new research, revealing the top logistics locations in Central and Eastern Europe for occupiers. Budapest...
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LeasePlan supports families living in Subcarpathia
Leading vehicle and fleet management company LeasePlan Hungária Zrt. donated food parcels to the Hungarian Maltese Charity Service early this year. More than 120 poor Hungarian families living in Subcarpathia...
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Diageo appoints new managing director
Diageo, the world’s leading alcoholic beverages company appointed Gábor Zeisler the new managing director of its Business Services Centre in Budapest. Mr Zeisler has been in finance for more than...
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Magazine: Major sporting events can drive snack sales this summer
The summer of 2016 can be a peak period in snack sales: in football there is going to be the Euro 2016 with the participation of the Hungarian national team,...
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The dangers of open space offices
A data protection campaign by Fellowes found that it is typically at the workstations of open space offices where confidential documents are left lying around, not on the desks of...
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