News and articles

Purchase vouchers due to system errors

Bank Austria issues a total of 21 million euros worth purchase vouchers to their internet banking users as a compensation for system errors lasted for a week. The system errors...

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Hungarian Flavours Fair opened for the fourth time

The Hungarian Flavours Fairs was organized for the fourth time between 16 – 18 November 2012, in the B building of the Millenáris, in Budapest. Vistiors could meet specialties like...

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Greenpeace: Say no to genetic engineering

While scientific progress on molecular biology has a great potential to increase our understanding of nature and provide new medical tools, it should not be used as justification to turn...

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GDP decreased by one and a half percent in the third quarter

Hungary's gross domestic product (GDP) decreased by 1.5 percent in the third quarter of 2012, while with seasonally and calendary effects adjusted a 1.6 percent decrease occurred, compared to the...

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Consumer climate remains constant

The variable development of the consumer mood once again continued in July. On the whole, income expectations and willingness to buy remained at very good levels. The latter improved slightly...

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National tobacco shop applications have been published

The National Development Minister published the details of the tender on Thursday. According to the tender, published on the government’s website, the concession fee in settlements, with less than two...

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Coop acquired over 60 Match and Profi stores

One of Hungary's greatest retailer Coop Group has finally sucessfully closed the acquisition process of Match and Profi stores. As a result, 62 Match and Profi stores will be owned...

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The Christmas fair opens on Friday at the Vörösmarty square

The 14th Budapest Christmas Fair at the Vörösmarty Square waits its guests from Friday, with juried craft products, culinary specialties, performances. A total of 122 stalls and vision workshops are...

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CBA acquired 48 Profi and Match stores

CBA took over 48 Match and Profi stores in Budapest and Pest county, and Coop will take the rest of the units, with possible overlap in some regions depending on...

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Kapuvári Meat Factory: no chance of restarting

The liquidator of the Kapuvári Meat Factory does not see any chance to restart the plant. He believes that the seek for investors for the company will begin in January....

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The VM conducts a survey on local farmers markets

The Ministry of Rural Development (VM) conducts a survey on the local farmers markets. The goal of the ministry is to create a national market system, and to provide legal...

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The proportion of Christmas gift trade decreased in Austrian trade

The significance of giving Christmas gifts has been reduced in the past few decades in the Austrian retail market – Austrian economy newspaper, the Wirtschaftsblatt wrote in its Thursday issue,...

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Gastronomic tour and winter fest in the organization of Hungexpo

One can participate at Hungexpo’s culinary festival for the second time this year between 23 and 25 November at the Tastes and Wines exhibition. At the Tastes and Wines exhibition...

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200 domestic businesses at the first Tesco Suppliers' Conference

Tesco has launched its series of programs called Tesco Suppliers' Academy with the support of the Ministry of Rural DEvelopment. The main purpose of the even is to strenghten the...

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KSH: agricultural producer prices rose by 20.7 percent in September

In September, the producer prices of agricultural products rose by 20.7 percent compared to the same period of the previous year. Increase from January to September was 10.9 percent, while...

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One percent of the domestic gross added value is linked to Tesco

According to 2010 data, about one percent of the domestic gross added value, 101 billion HUF is directly related to the Hungarian activities of Tesco – shows the study of...

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BDO: more and more companies are in debt spiral

In Hungary, more and more companies are falling into fatal debt spiral – the BDO consulting firm draws attention. Referring to the datas of the Financial Supervisory Authority, the BDO...

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Hundred thousand people have applyed to the new chamber of agriculture

Győrffy Balázs the acting president of the Chamber of Agriculture, announced that who have registered with e-mail address until 15 November will receive the Chamber of Agriculture’s recently launched electronic...

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Agricultural trading house was established in Szabolcs county

In order to promote the sales of agricultural products in Hungary and beyond our borders a trading house was built in Szabolcs-Szatmár-Bereg county  – announced the leaders of the organizations,...

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Euro zone’s industrial production has not fall so huge since January 2009

According to the datas of the EU's statistical office published on Wednesday, industrial output in September decreased by 2.5 percent compared to August. Such a significant reduction in production has...

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The STI Petőfi Nyomda Kft. became the green printing house of the year again

The palette of the STI Petőfi Nyomda Kft. has become richer with a newer prize. The printing house has won the GPwA Zöld Nyomdavilág Díj (Gpwa Green World Printing Award)...

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Ukrainians consume more and more foreign meat and milk

In Ukraine, the consumption of foreign meat and dairy products has greatly increased. In the first nine months of the year, the country imported three times as much meat than...

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The security of the holiday season

The busiest season often calls our attention to a lack in the storage of our store. Since most smaller businesses cannot afford long-term services to protect money, Justice Security has...

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Food price shock is easing say London analysts

The rise in food prices does not seem to be filtered through to the consumer prices in Hungary in a level that was expected. This may be one reason of...

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KSH measured a six percent inflation rate in October

The food price inflation may be a long-term risk. Inflation may moderate in the next half-year, next year it may remain relatively high – analysts believe. According to the datas...

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Lower-than-expected revenue may flow into the budget from the public health product fee

Probably one–two billion HUF less revenue will flow into the budget from the public health product fee –Világgazdaság wrote on Monday. According to the newspaper the companies would need to...

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The National Assembly adopted the report of GVH

The National Assembly adopted the Competition Authority’s (GVH) report on its last year's operation on 12 November. Last year a number of complaints and notifications were sent to the agency...

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Young farmers are indispensable to agriculture

elping young people is an important area of rural development policy, since running Hungarian agriculture would be inconceivable without young farmers”, said Minister for Rural Development Sándor Fazekas on Monday...

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HITA has established the Exporter Award

The National Foreign Trade Office (HITA) has launched an application for those domestic micro, small and medium-sized enterprises, that have their own manufactured products and their export activities greatly contribute...

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60 year-old Tetra Pak has been present in Hungary for 20 years

Tetra Pak is a multinational food packaging and processing company of Swedish origin with head offices in Lund, Sweden and Lausanne, Switzerland. The company offers packaging solutions, filling machines and...

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