News and articles

MAGOSZ: 40 percent of the corn crop was destroyed in the heat

According to the estimates of the Hungarian Farmers Unions and Farmers Cooperative Association (MAGOSZ), almost 40 percent of the expected corn crop has been destroyed across the country this year,...

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Zwack 378 million HUF after-tax profit in the first quarter

The Zwack Unicum Nyrt. in the first quarter of its 2012-2013 business year reached 378 million HUF after-tax profits, 184 million HUF lower, than a year earlier – the company...

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Hungaricum Festival in Szeged again

Quality Hungarian food, traditional arts and crafts products, culture, and sports are waiting for those who visit the Hungarikum Festival beginning on Thursday in Széchenyi square, Szeged. The nearly hundred...

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Hipercom: The best basket choice of July

Hipercom Hungária Ltd. has listed the best basket choices of the month for June, too, based on various channels. The data of the research are taken from Hipercom Monitoring database,...

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New marketing director at Tesco

Starting from 1st August 2012, the new marketing leader of Tesco is Judit Iglódi-Csató. The expert has been working for the retail chain since 2010 as the directory of marketing...

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Another compensation lawsuit started against the Four Paws

After the 553 million HUF worth compensation lawsuit of Hungerit Zrt. another company, the Hortobágyi Lúdtenyésztő Zrt. initated compensation proceedings against the Four Paws animal rights organization. The first trial...

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Ideological war in Bolivia, against Coca-Cola and McDonald's

The South American country of Bolivia has announced that by the end of the year, bans Coca-Cola from the country. The Bolivian Foreign Minister David Choquehuanca explained that “the 21st...

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NGM: no specific proposal arrived to reduce the VAT on basic foods

No specific proposal has arrived yet to the National Economy Ministry (NGM) on the reduction of theVAT on basic foodstuffs – the NGM informed MTI on Monday. The Hungarian regulations...

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Opten: the number of liquidations is on peak

In July, liquidation proceedings were initated against 2251 companies. In the last three months the monthly average of liquidation proceedings was 2,328 which was 20 percent higher than a year...

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The European harvest started with the Csabagyöngye grape of the South Balaton

Significant quantities of the Hungaricum grape is only produced in this region of Hungary on the plantations of the Balaton Agrár Zrt. From the grapes only the Badacsony-based Varga Winery...

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NMHH: 2.118 million broadband internet subscriptions in June in Hungary

In June, 2.118 million broadband internet subscriptions were registered in Hungary, 11 thousand more than in May – shows the flash report of the National Media and Communications Authority (NMHH),...

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Less grain has grown in Russia

The SovEcon revised its forecast on this year’s grain crop downward with several millions of tons, due to the drought in the Volga region. The market research institute estimates that...

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Apricot season started and ended early

This year’s apricot season started early and ended early as well. The housewives were hoping that apricot will only be cheaper, but they soon disappeared from the market. In the...

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FAO: world's rice production is reducing

The UN’s Food and Agriculture Organization (FAO), revised the forecast of the world’s rice production downward, however, production will still exceed the demand, and therefore a possible risk of the...

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How green is the world's “most sustainable Olympics”?

The organizers of London's Olympics heralded this year’s summer games as the greenest and most sustainable Olympics of the world, and although in some areas they actually achieved a podium...

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(HU) Strandok éjszakája: közel 40 fürdőben országszerte

Nearly 40 Hungarian spas, swimming pools and adventure baths await visitors to the different programs of the Night of Baths on Friday night. The promotional event will be held on...

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Péter Zwack passed away

Péter Zwack died in Italy at the age of 85. He was one of the most colourful personalities of the Hungarian political and economic life. He was born in 1927...

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Domestic corn crop can be three million tons less this year

This year’s corn crop can be up to three million tons less, due to the drought. Animal farmers can be also affected badly by the dramatic price increase of the...

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Retail sales in June increased in the euro zone decreased in the EU

The volume of retail sales increased in the euro zone and decreased in the EU 27, compared with the previous month – announced Eurostat on Friday. In June, compared to...

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Fifteen tons of goods were seized during the control of the wholesale market

During the control of the wholesale market in Budapest, about 15 tons of fruits and vegetables were seized by the inspectors – said Helik Ferenc, head veterinarian of the Pest...

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Magazine: Trends, whys and answers – part 3

In the last two decades market researchers started focusing on the psychology of consumers. Qualitative market researchers try to find the answer to questions such as ‘How do emotions influence...

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Tobacco manufacturers emphasize the dangers of tax increases

The July planned increase in excise duty announced by the government shocks the participants of the Hungarian tobacco industry – said the tobacco manufacturers. Sánta János, the President of the...

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Tesco's sales grew in 2011, profits fell slightly

According to the report of Tesco Global Stores, published at the end of July the chain had a slight decrease in profit in 2011. Last year Tesco’s profit was only...

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Praktiker: little stores to come

There will not be store closures in Hungary, moreover Praktiker intends to open additional retail units – was said at the company’s press conference. There will not be store closures...

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The Corvinus University will train pálinka masters

The training of the pálinka masters will soon begin in Hungary on a university level: The training of the Food Science, Faculty of the Corvinus University of Budapest (CUB), awaits...

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All famous foods of the Szatmár region will be prepared at the festival in Panyola

Chefs of Panyola, Túristvánd and Szatmárcseke will prepare all famous foods of the Szatmár region at the 6th World Music Festival Near the Border event, that starts at Friday 6...

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Czech retail sales falling back

The Czech Statistical Office released more accurate data on external trade for the fourth quarter of 2011 and in relation to that the media published reflections of the analytical public...

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The poultry, pork and beef industry waiting for support

The Livestock and Meat Interprofessional Organization and Marketing Board (VHT) and the Poultry Product Council (BTT) proposes the increase of national fundings, ensuring favorable-rate loans and a significant VAT decrease...

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K&H SME confidence index: domestic enterprises expect moderate results

On the basis of the latest datas of the K&H SME confidence index, the surveyed five hundred CEOs presuppose an average of a 4.3 percent revenue growth and a 2.5...

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A Farmers’ market opens in the Square of Rózsák in Budapest

Primary and small producers are selling Hungarian vegetables, fruits and foods from Saturday in the 7th district of  Budapest – the Ministry of Rural Development (VM) told MTI on Thursday....

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