Market News
FM: ducks and goose liver can be exported to Thailand by Hungarian companies
The Hungarian companies can transport duck and goose liver, as well as poultry and hatching eggs to Thailand – the Ministry of Agriculture told MTI on Wednesday. According to the...
Read moreHungary stands by the two-pillar EU common agricultural policy
Hungary stands by the EU’s common agricultural policy (CAP). This is the interest of the Hungarian farmers – the Minister of Agriculture told M1 news channel. Fazekas Sándor recalled that...
Read moreLess profit could be left for SMEs
The domestic companies expect a 8.6 percent higher sales revenue than before and a moderate profit growth of 4.5 percent – according to the K&H SME confidence index research. Regarding...
Read moreThe new cooperative form for pensioners is popular
Within three months, 36 Public Interest Pensioners Cooperative were established in Hungary and their number is likely to rise further – Hantos Zoltán, project manager of the OPTEN company information...
Read moreMobile payment is popular in China
The developed countries in the world, such as Sweden, have set themselves the target of becoming a completely cashless nation sooner or later. Although such an economy seems to be...
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No cash from January
Budapest Sportaréna and MasterCard announced in September that the arena’s modernised entry system can now manage QR codes and NFC tickets. A Budapest Aréna smartphone app will also be launched, making...
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System integrators, start testing!
CHS Hungary Kft. opened a training and demo centre on 8 September in Budaörs. The complex houses the latest technological solutions of DELL EMC and gives future buyers the chance to test...
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Our new colleague: artificial intelligence
Accenture Research, with the participation of Frontier Economics, prepared a forecast for 2035 about the influence of artificial intelligence (AI) on the economy. A study done in 16 industries of 12...
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Szuro-Trade develops renewable energy system
Nyíregyháza-based Szuro-Trade Kft. is going to invest HUF 1.34 billion in developing a renewable energy system for drying crops. From the Széchenyi 2020 programme the company will get a HUF 850-million funding. //...
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More than a billion forints for research and development
GOF Hungary Cereal, Oil and Protein Crop Growing Coordination Kft. is investing HUF 1.13 billion in building a factory that will produce gluten-free baking industry mixes in Nyíregyháza. From the project’s budget...
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State Horse Farm in Mezőhegyes to expand next year
Early next year the State Horse and Model Farm in Mezőhegyes will be modernised and expanded from a budget of HUF 8.2 billion. Part of the project will be completed by...
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New-type dietary supplements to be developed in Győr
New-type dietary supplements – they contain medicinal herbs too – will be developed at the Széchenyi István University in Győr. HUF 856.5 million is going to be invested in research and...
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Bio-Fungi plans production capacity increase
Bio-Fungi Kft., one of Hungary’s biggest mushroom growers that produces in Áporka and Ócsa, calculates with a 5-10 percent increase in sales revenue this year. Last year the company’s sales were...
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Krones AG invests in Debrecen
German company Krones AG – the market leader in packaging liquid food and drinks – will invest almost HUF 15 billion in Debrecen. The project will result in 500 new jobs...
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One of Europe’s biggest isomalt factories built in Tiszapüspöki
One of the biggest and most modern cereal processing and isomalt factories in Europe has been built in Tiszapüspöki. From the project’s budget HUF 6 billion was own resources and a...
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The expansion of the seasoning pepper industry in Kalocsa
Kalocsai Fűszerpaprika Zrt. – the market leader in Hungarian paprika production, processing and selling – has invested HUF 267 million in technological development. The Ministry for National Economy granted HUF 133 million...
Read moreTobacco growing creates jobs in disadvantageous regions
This year Hungarian tobacco growers are expected to produce 6,171 tons of tobacco on 3,400 hectares of land. The National Association of Tobacco Growers and NAK have stressed the importance of...
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The Food Book needs to be improved for the benefit of quality baked goods
Participants agreed at a recent conference – organised by the Ministry of Agriculture, NAK, the National Food Chain Safety Office (NÉBIH) and the Hungarian Baker Association – that in order...
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Common mushroom and oyster mushroom are the most popular
Hungary’s mushroom production increased in the last decade: back in 2008 about 18,000 tons were grown, while in 2016 nearly 30,000 tons of mushrooms were produced – revealed a NAK...
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Cooperation can’t be forced
The Hungarian Chamber of Agriculture (NAK) has organised a discussion for food processing enterprises in Hajdúböszörmény, In his keynote speech Balázs Győrffy, president of the chamber told: the HUF 300-billion...
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SPAR to give 13th-month salary to workers
SPAR Hungary has decided to give employees a 13th-month salary, which will constitute an extra income for 13,000 workers before Christmas. Head of communications Márk Maczelka told that in 2016 the...
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Autumn wine fair in Auchan stores
Once again Auchan organised a wine fair and tasting event in October, the goal of which is to promote quality wines. For three weeks 1,100 types of wine, champagne and sparkling...
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SPAR builds new factory in Üllő
From more than HUF 1.2 billion SPAR Hungary is building a new production plant in their logistics centre in Üllő, where mayonnaise salads and sandwiches will be made. Head of communications...
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Hungary’s only duty-free zone established in Záhony
The Association of Hungarian Logistics Service Centres (MLSZKSZ) has welcomed the fact that the Ministry for National Economy (NGM) designated a 17,400m² duty-free area in Záhony’s free business zone. Hungary’s only...
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Penny Market starts selling OTC drugs
Penny Market has started selling OTC drugs – reported market survey specialist HiperCom in its newsletter. In the retailer’s promotional leaflet, published on 21 September 2017, two pages were dedicated to...
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Two-digit growth for dm
Drugstore chain dm closed the 2016-2017 fiscal year with a 10-percent sales growth and 259 stores in Hungary. Sales represented a value of EUR 302 million – announced dm at a...
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A sweet end of year
End-of-year holidays are unimaginable without home-made biscuits and cakes. According to Henrietta Csicselyné Biró, key account manager of Thymos Hungária Kft., in this period television programmes, magazines and the internet are...
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New vegan product range in SPAR stores
SPAR Hungary has started selling Veganz products. The new range consists of more than 60 products, which are made in Germany, from organic plant-based milks to natural sweeteners and various sweets...
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Software company to conquer the world from Budapest
Like-for-like sales of business administration software company Kulcs-Soft were up 16 percent at HUF 768 million in the first half of 2017. The company’s profit increased by 19 percent. Kulcs-Soft’s latest product...
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Tesco lowers the sugar content of its soft drinks
Tesco has significantly reduced the sugar content of its 42 private label soft drinks: from October Tesco stores only sell soft drinks with maximum 5g sugar per 100ml. Thanks to this...
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