News and articles
Four billion HUF billing factory on the food market
A criminal organization issued four billion HUF worth fictitious bills. Financial investigators are proposing an indictment because of the use of financial fraud, the use of a fake private document,...
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The Debrecziner Gourmet Festival focuses on the Léta horse-radish this year
The horse-radish of Létavértes will be in the focus of the 3rd Debrecziner Gourmet Festival, which will take place from 15 to 17 June in the Great Forest on the...
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Nearly 400 malls have been closed in Russia due to fire safety deficiencies
In Russia, the operation of 391 malls was suspended – due to the violation of fire regulations – since the tragic mall fire in Kemerovo at the end of March...
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Vodka Museum opens in Warsaw
The Polish Vodka Museum opens next week in Warsaw, in a refurbished building of a 19th century factory, showing the more than six hundred years of Polish vodka history and...
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Orbico wants to be present in the market as a regional and global service provider
Orbico Kft. – Orbico Hungary and Orbico Beauty – is one of Hungary’s leading FMCG distributors. Orbico’s partners include prestigious companies such as P&G, Shell, Bvlgari, Duracell, Kellogg’s, Bissell and Bolton. The company...
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Magazine: Big growth in the non-food sales of National Tobacco Shops
Non-food categories realised 13 percent of total sales by National Tobacco Shops in 2017. The profit margin of these categories is 25-30 percent, while the profit margin of tobacco products is...
Read moreNielsen: domestic retail trade preserved its momentum
The value of retail trade in Hungary increased by 8.3 percent in the first quarter of 2018, compared to the same period of the previous year – accoring to Nielsen....
Read moreAnalysts: household consumption will persistently remain the driving force of economic growth
Household consumption remains the driving force behind economic growth, coupled with the added value of services on the production side. Market analysts commenting on the CSO report on Tuesday’s GDP...
Read moreMinistry of Agriculture: the reduction of CAP funds is unacceptable
According to Hungary, the EU budget proposed for the financing of the Common Agricultural Policy (CAP) is not enough, especially since the legislative proposals on 1 June would place significantly...
Read moreThe HNT assesses the wine stocks
The National Council of Mountain Villages (HNT) has published a standard contract template which records the rights and obligations of both producers and purchasers and provides a framework for various...
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Media Markt and Lumenet are the Internet Merchants of the Year in 2018
The prestigious Internet Merchant of the Year in 2018 award was handed over for the 12th time this year. The winner of the Small and Medium Business category has become...
Read moreMost companies consider the digital switchover to have strategic importance
Although in Hungary, 72 percent of the companies consider digital transformations very important and only 2 percent called it less important, companies are lagging behind in digital transformation – Uzsák...
Read moreThe investment attractiveness of large companies is awakening
54 percent of the domestic large companies, are planning some kind of developments over the next year. In West Hungary the situation is even more promising, as six out of...
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The players in the herbal sector have joined their forces
The Herbal Division of the National Chamber of Agriculture (NAK) was reorganized, which also joined its forces with the Herbal Association and Marketing Board (GYSZT). The aim is to reverse...
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Teaming up for Hungarian retailers
The Hungarian National Trade Association (MNKSZ) is one of Hungary’s biggest retail trade organisations. We asked general secretary Katalin Neubauer about their tasks and plans. T.M.: – What are the fundamental...
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Imports rose more than exports
In the first quarter, the value of exports in euros was 3.4, the value of imports in euros was 3.9 percent higher than in the same period of last year,...
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Magazine: Retail trade is going upwards, but there are small obstacles
György Vámos, general secretary of the National Trade Association (OKSZ) told our magazine that retail sales expanded by 5 percent in 2017 – there has been a sales growth every...
Read moreServices, consumption and investment have led the economy
The volume of gross domestic product (GDP) was 4.4 percent higher than the one-year-earlier figure in the first quarter. The 4.9 percent growth of services, the 5.0 percent growth of...
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Nébih was ranked first in the ranking of European authorities
The National Food Chain Safety Office (Nébih) was ranked first in the ranking of European authorities; according to a recent survey by the European Food Safety Authority (EFSA), the Hungarians...
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Here are the agricultural challenges of the next ten years
The major agricultural challenges of the 10 years are; whether domestic farmers are prepared for the surplus production due to rising meat consumption and how open are they to alternative...
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Food imports have grown
The value of exports calculated in euros increased by 3.7 percent, while imports decreased by 1.1 percent, compared to March last year. Foreign trade surplus decreased by 255 million euros...
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Opus Global purchases a food business branch
The Opus Global Plc. acquires majority control in one of the largest iso sugar manufacturers of Europe in the Kall Ingredients Ltd., after increasing its share from 30 percent to...
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Retail trade in the euro area grew lower than expected
Retail trade in the euro area increased at a weaker pace than expected in April, compared to the previous month. The European Union’s Statistical Office (Eurostat) announced on Tuesday that...
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The US authorities are not in the way of the Bayer-Monsanto merger
The US authorities have authorized the 66 billion USD Bayer-Monsanto merger – agrarszektor.hu wrote. The US Department of Justice allowed the merger of the chemical giants with the condition that...
Read moreThe British government plans to replace migrant workers with prisoners
The British government suggested that because of the labor shortage due to Brexit, the migrant workers would be replaced with prisoners in agriculture. However, the producers reject the idea, as...
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Why is it important to have a packaging expert?
Delivery isn’t an obstacle any more Meat company Kaiser Food Kft. commissioned DS Smith Packaging Hungary with designing a safe transportation packaging for their whole salami product. It was also a requirement...
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12 billion HUF worth gene retention program to be launched
A major genetic conservation development program will start from a 12.3 billion HUF support over the next five years to preserve the agricultural heritage that is important for national identity...
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Magazine: Brands are the engine of growth
Dr Ágnes Fábián, president of Branded Goods Association Hungary (BGA) and managing director of Henkel Magyarország Kft. talked to our magazine about 2017 from brand owners’ perspective: ‘2017 continued the growth...
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Hungarians consume half as much cheese than the Danish or French
Today is the World Day of the Cheese. In many places, mainly in Europe, cheese is one of the main character of the dining culture. In France for example it...
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