Market News
The government has launched new tenders for the Hungarian Village Program
The government has announced three more applications under the Hungarian Village Program, this time for a total of seven billion forints for the construction of medical service housing, the construction...
Read more
Salmonella dog food was recalled by the authorities
Multi Fit Native rabbit ear dog food containing Salmonella has been recalled from the market, the National Food Chain Safety Authority (Nébih) announced on Monday. According to the information, the...
Read moreBusiness sentiment in Germany improved in February
Business sentiment in Germany was better than expected in February -according to a survey sent to MTI by the University of Munich’s Ifo Economic Research Institute on Monday. The business...
Read more
The year started well for Swiss watchmakers
In January, Swiss watch exports rose 9.4 percent to 1 billion 786 million francs, compared to a year before, and again in the first month, the United States became the...
Read more
A fight against desertification
Desertification is the degradation of land in arid, semi-arid and dry sub-humid areas. It is caused primarily by human activities and climatic variations. Desertification does not refer to the expansion...
Read more
Magazine: Some information about the rules regulating buyer power
In April 2019 Directive 2019/633 of the European Parliament and the European Council on unfair trading practices in business-to-business relationships in the agricultural and food supply chain (UTP Directive) was...
Read moreNagy István: beekeepers receive one thousand forints per beehive
Beekeepers will receive one thousand forints of support per bee, which is double the support so far – the Minister of Agriculture told M1 news channel. According to István Nagy,...
Read moreLast year’s tobacco production is better in quantity, but worse in quality
Due to the volatile and unfavorable weather conditions, last year’s tobacco production quality was lower than two years ago, but the farmers closed a better year in terms of quantity,...
Read more
The GVH has published information on advertisements targeting children
The Economic Competition Office (GVH) has issued a leaflet about advertisements aimed at children to alert advertisers to potential infringements – GVH announced on Friday. It is illegal for children...
Read more
Hungarians in Europe are the least indebted compared to to their income
The total debt of the Hungarian population compared to income is the lowest in Europe, but it is often difficult to pay the bills, according to a European survey by...
Read moreKorean Air launched a cargo flight between Budapest and Seoul
Korean Air launched a a freight service between Budapest and Seoul, and the South Korean airline’s Boeing 777 operates twice a week on Friday and Sunday. The first flight carried...
Read moreConsumer confidence in Europe has improved
Consumer confidence in the euro area and the European Union improved markedly in February, according to a preliminary flash estimate released by the European Commission on Thursday. In the euro...
Read more
Euro area inflation at its nine-month highs
Euro area inflation rose to a nine-month high in January, according to a report released on Friday by Eurostat, the EU’s statistical office. In the euro area, inflation rose to...
Read more
Cognac & Co.
In the last 20 years the consumption of wine-based spirits – cognacs, armagnacs and brandies – dropped. Csaba Mosonyi, marketing director of Pernod Ricard Hungary told our magazine that they...
Read more
Magazine: CSR: Responsibility, sustainability and transparency
CSR Hungary has organised its Responsible Business Summit for the Economy of the Future conference. The first speaker was Dr Anita Boros, secretary of state at the Ministry for Innovation...
Read more
(HU) Magyarország jövőre betiltja az egyszer használatos műanyagokat
Sorry, this entry is only available in HU....
Read moreMinister of Agriculture: selling apiculture products will be exempt from personal income tax
The Minister of Agriculture called the support for beekeepers as an important pillar of climate protection measures at a press conference on Thursday, where he announced that the income from...
Read more
No consumer protection authority did not find problems in case of hand dishwashing detergents
No errors were found in the consumer test of hand dishwashing detergents – the Ministry of Innovation and Technology (ITM) told MTI on Thursday. According to the information, the controls...
Read more
Opten: again is more of a sole proprietor than a company
After one and a half decades, there are more self-employed again than corporate businesses in Hungary – Opten told MTI. According to the company information service provider, nearly 88,000 sole...
Read moreInternet merchants are suspected with several billion HUF tax fraud
An organization involved in e-commerce is accused by the National Tax and Customs Administration (NAV) of damaging 4.7 billion of budget losses by circumventing EU VAT rules, the MTI spokesman...
Read moreThe cigarette smuggler fled
Police arrested a man in his car who found smuggled cigarettes worth eighteen million forints in Tiszabecs – the Szabolcs-Szatmár-Bereg County Police Headquarters announced on Thursday. Patrols of the Border...
Read more
Who starts with a great breakfast can burn twice as many calories
Burning twice as many calories can prevent obesity and high blood sugar by eating more for breakfast instead of a big dinner – German researchers found in their study published...
Read moreGfK: consumer sentiment in Germany deteriorated slightly
The GfK Nuremberg Economics Research Institute’s consumer sentiment index for Germany declined slightly in March, while consumers’ economic expectations improved slightly, but their willingness to buy and income expectations declined...
Read more
Magazine: There is still a lot of oil to extract in the cooking oil fields!
Traditionally Hungarians were cooking with fat, but by now the average household has reached the level where they are cooking with some kind of oil and putting olive oil on...
Read moreKSH: the solid rise in agricultural prices covers big differences
In December last year, the annual increase in agricultural purchase prices moderated from 5.2 percent in November to 0.6 percent, despite the 49.5 percent rise in the purchase price of...
Read more
FruitVeb: less fruit was produced than last year
The amount of fruit grown in Hungary fell from 1.158 million tonnes of 2018 to about 683 thousand tons last year, mainly due to the unfavorable weather and the outstanding...
Read more
Part-time work may be more common for employers
In several labor issues, domestic companies will have to respond to changes in the law effective from January 1. Part-time employment has changed in the case of child-rearing, while businesses...
Read moreITM: countries opposed to EU road transport regulations may appeal to the European Court of Justice
Specialists from nine Member States have made further attempts to persuade the European Commission to take steps to mitigate the expected harmful effects of the first mobility package, or even...
Read more