News and articles
HENT: false pesticides can cause cancer and infertility
Counterfeit pesticides can have serious adverse health effects in human beings, they may contain dangerous and toxic pollutions and uncontrolled by-products that have carcinogenic or gametes damaging effect – the...
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Invoicing with value limits
Those businesses that don’t follow this year’s tax rule changes are risking serious fines – warn the experts of MAZARS. In the past the tax number of a product’s buyer...
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Under a supported roof
With a sum up to HUF 5 million in a 5-year period, companies can support the real property buying (or the paying back of real property loans) of employees tax-free....
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Efficient NAV
In 2016 the reformed, customer-oriented National Tax and Customs Administration (NAV) put HUF 12,793 billion into the national budget, HUF 31 billion more than originally expected by the government. Secretary...
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Cunning merger
Hungarian regulation on mergers has changed fundamentally. Due to the changes in competition law, in the future a transaction can be approved in 8 day instead of the present 30...
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ÉFOSZ and Branded Goods Association welcome the ministry’s decision
The Federation of Hungarian Food Industries (ÉFOSZ) and the Branded Goods Association (BGA) welcome the announcement that Róbert Zsigó, secretary of state at the Ministry of Agriculture made today: in...
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Ministry of Agriculture (FM): comprehensive testing has started because of the differences in the quality of food products sold
Minister of Agriculture Sándor Fazekas has commissioned another comprehensive laboratory testing of similar food products sold in shops in Hungary and abroad, in order to compare their qualities – told...
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Nielsen: Europe faces slow growth
Amid great political and economic change around the world, global consumer confidence moved modestly in 2016, rising three points between the first and fourth quarter to 101. Confidence scores in...
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KSH: gross average earnings increased to over 305 thousand HUF in December
Last December, gross average earnings increased by 5.7 percent of gross earnings, while net average earnings were 7.3 percent higher than a year before. Excluding the wages of public employees,...
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The Financial Directive of 2018 revolutionizes mobile banking
The online and mobile banking have become everyday part of life for the majority of users. But if the customers want to gain complete control over their financial information belongs...
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There is no powerful Hungarian economy without agriculture and food industry
There is no powerful Hungarian economy without agriculture and food industry – the Minister of National Economy underlined at a forum in Budapest, organized for young agricultural professionals. Varga Mihály...
Read moreAgricultural Management Exhibition will begin on Tuesday
The 3rd Precision Agricultural Management Exhibition and Conference (Prega) begins on Tuesday this week. Milics Gábor associate professor of the University of West Hungary told M1 news channel on Monday...
Read moreMountain Villages: fewer grapes this year
Fewer grapes will be harvested this year because of the frost – Brazsil Dávid, Secretary-General of the National Council of Wine Communities told M1 news channel on Saturday. The Secretary-General...
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MNB: household wealth increases continuously
The net savings of households increased by 522 billion HUF in the fourth quarter of 2016, while in the total year by 1574 billion HUF. In the proportion of the...
Read moreThe government launches a supplier development program
The government launches a two-year development program for suppliers: The total amount of the program for 2017-2018 will be 14 billion HUF- Varga Mihály, Minister for Economic Affairs said at...
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EU’s energy consumption fell below its 1990 level
Energy consumption in the European Union in 2015 was below its 1990 level the EU’s statistical agency Eurostat announced on 20 February. EU dependency on imports of fossil fuel imports...
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Deterioration in consumer confidence in the euro zone
Consumer confidence deteriorated larger-than-expected in the eurozone in February. The flash reading for Euro-zone consumer confidence indicator declined to -6.2 for February from a final -4.9 in January and compared...
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Agrárkamara: a piaci igényekhez kell igazítani az agrár-felsőoktatást
A munkaerőpiac igényeihez kell igazítani az agrár-felsőoktatást, egyebek mellett a kereslet és a kínálat hatékony összeegyeztetésével, valamint jelentős kutatásfejlesztési tevékenység támogatásával, mert a képzési problémák már az ágazat versenyképességét veszélyeztetik...
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dm launches activebeauty Online Magazine
In 2009 dm started the activebeauty customer loyalty programme in Hungary. The drugstore chain’s magazine plays a key role in keeping in touch with customers. From this year the activebeauty...
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Personal changes at DS Smith Packaging Hungary
Since September 2016 Levente Szabó has been the new sales and marketing director of DS Smith Packaging. György Greksza was appointed design and innovation director in Hungary. Monika Cervenak’s new position is regional sales director...
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Magazine: A more premium ham market
Market research data showed that less smoked and smoked-cooked meat was sold last Easter than in the same period a year before. Market players say premium quality products are pushing...
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More than 73 million forints worth of donations made in Tesco stores
Within the framework of the Hungarian Interchurch Aid’s programme called ‘love.hunger’, last year Tesco workers and customers collected more than HUF 73 million, by buying more than 295,000 HUF 250...
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The food brands also respond to the different tastes of consumers
The same brands are sometimes marketed with different contents – the investigations of the Hungarian Food Safety Authority (Nébih) suggest. But the manufacturers of brands mentioned in the news coverage...
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According to a processing company, poultry production in Hungary might be restored by May
According to a processing company, poultry production in Hungary might be restored by as early as May – the CEO of the Pannon Fine Food Kft. told MTI on Wednesday....
Read morePioneer: a growth of around 4 percent is expected in Hungary
In the next two years the economic growth can be around 4 percent in Hungary and the CEE region has also have favorable prospects – Forián-Szabó Gergely, chief investment officer...
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Hungarian foie gras export has almost stopped
The Hungarian foie gras and duck liver export has almost stopped completely, due to the avian influenza. Deliveries to the Asian-Pacific markets essentially ceased to exist, and faltering significantly in...
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Lego overtook Google
Lego has become the most powerful brand in 2017, according to the list of Brand Finance. The toy manufacturer overtook Google, Nike and Ferrari – mfor.hu wrote. The Brand Finance...
Read moreWine producers have to issue a report until 10 March
From January a new law introduced the small wine-producer category, which allows easier administration. The wineries producing less than 1,000 hectoliters can choose this category. These producers can only process...
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MNB: the new 2000 and 5000 HUF banknotes will be available from March
The new 2000 and 5000 HUF banknotes will be available from March. The security features of the new banknotes will be more modern than before, and their design will also...
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Unilever rejected Heinz
US food giant Kraft Heinz Co. made a 143 billion USD merger offer for the Anglo-Dutch Unilever, but Unilever rejected Heinz’s offer, because the company considered the amount too low...
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