News and articles
Taxes on extra profits will remain, and the population can also pay taxes on savings
There was a flurry of government decrees last night. The government is not abolishing the extra profit taxes introduced in the summer of 2022, but only halving the tax obligations...
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KPMG prepared its whistleblowing system compliant with the Complaints Act
It was accepted by the parliament, and the so-called Complaints Act has now been published in the Hungarian Gazette. Act XXV of 2023 on complaints, reports of public interest, and...
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New CEO to lead PENNY Hungary
Mathias Mentrop will be the new CEO of PENNY Hungary from 1 July. Mentrop currently serves as Chief Operating Officer of the PENNY network in the Czech Republic, replacing the...
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Márton Nagy: the mandatory promotion and price reduction of food has started
From June 1, the mandatory sales in commercial stores began to reduce the increased food prices due to the war and sanctions. This is another government measure to protect Hungarian...
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GKI: A korábbi laza költségvetések árát fizetjük meg most
Government spending in recent years was initially aimed at mitigating the harmful economic effects of the COVID-19 epidemic, and then the stated goal became the forced acceleration of growth. If...
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From today, the SPAR group awaits its customers with more than 700 discount offers, and the price of 300 products is frozen within the framework of the SPAR ÁRSTOP Extra Promotion
A government decree obliges food retail stores with a sales revenue exceeding one billion forints in 2021 to introduce a weekly discount of 10% in twenty product groups between June...
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BMI: Moderate expansion in May
The seasonally adjusted May value of the Purchasing Manager Index (BMI): 57.1. Compared to the previous May values, this year’s value is higher than the long-term average for this month...
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We are one big step closer to the circular economy
As of July 1, the environmental protection product fee and extended producer responsibility system will be transformed in such a way that polluters will pay more for the removal, treatment,...
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Nébih: the manufacturer Sondey has recalled corn thalers
Due to the presence of unauthorized pesticide residues (chlorpyrifos), the manufacturer Good Food Products has recalled the 105 gram Sondey Corn Flakes amaranth and the 105 gram Sondey Corn Flakes...
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K&H: Family companies are on a moderate growth path
More than half of family companies are experiencing the current economic situation more severely than the coronavirus epidemic. The mood is even more gloomy in the entire large corporate sector,...
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From now on, applications can also be submitted for shortbread made with butter
The range of baked goods eligible for the KMÉ trademark has been expanded, and from now on, applications can also be submitted for shortbread made with butter. Producers of sweet...
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Lurpak faces shopper backlash after shrinking block of butter
Arla Foods butter brand, Lurpak is facing negative customer reactions as it has shrunk the size of a block of butter by 20%. The Danish brand has cut its 250g...
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AM: Hungarian-French relations must be further strengthened
Hungary is committed to strengthening Hungarian-French agricultural professional, political and commercial relations, according to a statement issued by the Ministry of Agriculture (AM) on Thursday, István Nagy, who received Claire...
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Online sales forecast for Germany tempered
Inflation and subdued consumer confidence are expected to dampen online spending in Germany, according to the latest announcement by Handelsverband Deutschland (HDE). In its HDE Online Monitor 2023, the retail...
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Penny Italia Acquires 16 Stores, Grows Presence In Rome
Penny Italia has concluded the acquisition of 16 stores from Gruppo Faranda (Tuodì and Fresco Market banners) and a Gruppo Pam franchise. Of this total, 13 outlets are located in...
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Last year, Tourinform offices received two million inquiries
Last year, Tourinform offices received two million inquiries, the tourist information offices operating under the professional coordination of the Hungarian Tourist Agency (MTÜ) provide 30 types of services with 244...
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Retail is booming like never before on social media
A forecast by Deloitte predicts that the number of people who shop on social media platforms will grow to 5 billion in 2023. Influencers don’t just inspire the members of...
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MagyarBrands: About selecting the best ones
The annual meeting of the MagyarBrands Professional Committee took place. The Professional Committee of the MagyarBrands Program, which awards excellent Hungarian brands, held its annual meeting, at which the members...
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GVH organized a workshop on managing food inflation
The competition authorities of the European Union discussed the management of food inflation in an online workshop organized by the Economic Competition Authority (GVH) on Wednesday, the agency informed MTI....
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We have the best of the Hungaricool product competition
The fourth season of the SPAR and K&H Hungaricool product competition has ended. This time, the creators of the winning products are supported by K&H in addition to the originator...
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Coca-Cola HBC Magyarország is launching its largest investment in the last sixteen years in Dunaharaszti
The largest soft drink company in the country is developing its production and logistics capacities for a total of about 23 million euros (~8.7 billion forints). Coca-Cola HBC Hungary will...
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After collecting thousands of votes, it was revealed what this year’s Beer of the Country was
In 2023, Ország Söre became a New England IPA-type beer – that is, light, unfiltered, rich in hops, very restrained in bitters – and this year, for the first time,...
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Adult training gives companies a competitive advantage
Continuous technological development and the changing economic environment place increased demands on both employees and companies. Companies can gain a competitive advantage if they realize that it is worth investing...
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For three-quarters of Hungarian customers, fast delivery is extremely important when ordering online
Almost 40 percent of online purchases in Hungary fail because the customer cannot find a fast enough delivery option among the delivery options of the given webshop. This is revealed...
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Pick Szeged Zrt. significantly increased its sales revenue.
Pick Szeged Zrt. significantly increased its net sales from sales last year from HUF 70.679 billion to HUF 80.28 billion in 2021, according to the company’s annual report published on...
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The EU approved the use of the new e-signature platform, the system that ensures the digital management of public administrative matters
Hungary will also be provided with fully digital EU administrative administration, electronic identification and digital signature thanks to the Evrotrust eID unified identification system, which has already passed the evaluation...
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Industrial producer prices have risen, and export prices have already fallen
In April 2023, industrial producer prices rose by an average of 15.9 percent compared to a year earlier. Domestic sales prices increased by 41.9 percent, export sales by 3.3 percent,...
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The Ministry of Agriculture supports new investments worth more than HUF 171 billion
Thanks to the 80% national additional funding, the government has supported agricultural and food industry investments worth HUF 1,300 billion from 2021, in addition to this, another 400 projects will...
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Inflation in Germany also slowed down in May
In May, inflation continued to decelerate in Germany, according to data from the Federal Statistical Office (Destatis) on Wednesday. Based on the agency’s preliminary calculations, consumer prices increased by 6.1...
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The electronic management diary is available from the second half of June
From the second half of June, the electronic management log (eGN), which farmers participating in the new support system must keep, will be available on the electronic interface of the...
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