News and articles
NÉBIH: herbal tea bags were withdrawn from circulation
Due to its high content of senna, herbal tea bags they were withdrawn from the markets of fifteen EU member states, including Hungary – the National Food Chain Safety Office...
Read moreHalf a million people lose their jobs because of the counterfeiting of fashion items every year
Each year more than half a million people lose their jobs because of fashion forgery that causes approximately 13 trillion HUF damages in the European Union – the National Board...
Read moreThe VAT reduction did not hit a hole in the Romanian budget
Government revenues have not decreased, despite the June introduction of the discounted 9 percent VAT on food, catering and non-alcoholic drinks in Romania – Victor Ponta Romanian Prime Minister said....
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Top Gear crew contracted with Amazon
Jeremy Clarkson, Richard Hammond, and James May, the former hosts of the BBC’s immensely popular car show Top Gear, are headed to Amazon. After Clarkson attacked a producer over a...
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A drastic drop in P & G's profit
The sales of the world's largest distributor of branded products, the US Procter & Gamble decreased by 9.2 percent to 17.79 billion USD in the second quarter, while the after-tax...
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Record passenger traffic at Ferihegy: the one millionth passenger was welcomed within a month
On 30 July Budapest Liszt Ferenc International Airport welcomed its one millionth passenger within a month. The Liszt Ferenc International Airport has never received so many passengers in one month....
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Go physical stores!
Several articles are focusing on the advantages of shopping the traditional way and stressing the importance of retaining competitiveness when online giants such as Amazon are entering the market of...
Read moreMondelez launches holographic displays
Mondelez and News America Marketing (USA) installed holographic displays in the units of three US retail chains. Holographic display is a high-definition image projection that creates the realistic illusion of...
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Magazine: We rewarded the best promotions
There were 27 entries in our magazine’s ‘Most successful promotion of the year’ competition. A jury of experts and consumers both evaluated works and 19 of them went home with...
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Nielsen: the companies spent 24 percent more on the TV advertising of foods
The companies spent 24 percent more 78.4 billion HUF on the TV advertising of food products in the first half on list price, without discounts – told the Nielsen Közönségmérés...
Read moreThe government to amend the food chain supervision fee
The regulation on food chain management fees will be amended in September. Currently, a consultation is taking place about the level of tax rates with the European Commission. There are...
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The Csányi-group requested a permission att he Competition Authority to the self-management of KITE
Three companies owned by Csányi Sándor requested for the approval of the Hungarian Competition Authority (GVH) to gain self-control over the KITE Mezőgazdasági Szolgáltató és Kereskedelmi Zrt. (KITE Agricultural Service...
Read moreThe GVH helps the small breweries in market acquisition
The Hungarian Competition Authority (GVH) required the three largest breweries in Hungary, by the end of 2017 to reduce the amount of their sold beer products by 20 percent exclusively...
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Russian embargo: Brussels extends the support measures
The European Commission will extend the scope of the measures, which seeks to ease the impact of the Russian import ban affect the fruit growers and the dairy industry –...
Read more450 tons of food for the needy already
Tesco pays special attention to reduce food waste. Tesco as the Platinum Sponsor of the Hungarian Food Bank Association, contributed to the food supply of the needy families with a...
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Economic sentiment improved slightly in the EU
Economic sentiment improved slightly in the 28 Member States of the EU in July, as well as in the Euro Zone – the European Commission (EC) said in a statement...
Read moreAnheuser-Busch's quarterly profit decreased
Profit decreased at Anheuser-Busch InBev in the second quarter, as volumes slid in the U.S. and Brazil. The Belgium-based company, with its North American operations based in St. Louis, said...
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Ten billion HUF program to start for people with changed working abilities
The government at the end of the year plans to launch a complex program for the and labor-market integration of disabled people with a 10 billion HUF support – said...
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SodaStream: carbonated water lasts longer in the heat
The carbonated water lasts longer in the heat, while chilled properly invigorates blood circulation. As a result, we can lose more heat, so its consumption is particularly advantageous during the...
Read moreFinance guards are suspected with the support of cigarette smugglers
The National Tax and Customs Administration (NAV) suspects 18 finance guards with the support of cigarette smugglers near the Ukrainian border. Waltner Rolland, Deputy Attorney General of the Chief Prosecutor's...
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Less tablets sold worldwide in the second quarter
In the second quarter the number of tablets sold decreased by 7.0 percent compared to the previous year. Compared to the first quarter, the number of tablets sold decreased by...
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Masters of tender writing
According to Lajos Lovász, president of the MATERal Group, if a business decides to tender for funding, two things need to be clarified: can the project in question be realised...
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Budget approved in the spirit of stability and predictability
The Hungarian parliament has given the green light to the 2016 budget, the main objectives of which are the protection of jobs, tax reduction and creating a stable and predictable...
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Accounting 2.0 – changes in the financial institutions sector
At a seminar Deloitte organised for the financial sector on the latest developments, important legislative changes and new opportunities. Experts spoke about the positive influence the Lending for Growth Programme...
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Confusion about the VAT payment date rules
It is not the payment deadline as contained in 58. § (1) of the VAT Act but the last day of the settlement or payment period that shall apply for...
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Hundred thousand tons of flour is sold in the black economy each year
About 100 thousand tons of flour is sold in the black economy each year in Hungary with VAT frauds. The cheaters turned towards the flour, after the Government introduced reversed...
Read moreOne third of internet users use the web as a professional
Twenty percent of the net using adults have low, 43 percent of them have intermediate, and 37 percent of them have high digital skills – according to the survey prepared...
Read moreThe winemakers are protesting
Wine producers on the Plains feel their situation hopeless, because the 630 thousand hectoliters of cheap imported Italian wines, repress the price of the high quality domestic wine products. (The...
Read moreKSH: 126 thousand more people were working in April-June
The number of employees in April-May-June exceeded 4 million 201 thousand, 126 thousand more, compared with the same period of a year ago – the Central Statistical Office (KSH) announced...
Read moreKPMG: CEOs worldwide are optimistic about the future of the world economy
Chief executive officers (CEOs) of global businesses have grown more confident about the growth of both their companies and the global economy over the next three years than they were...
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