Market News

US consumer confidence is on top

Consumers’ assessment of current conditions in the U.S. increased in February, according to a monthly survey released on Tuesday. The Consumer Confidence Index hit 114.8 in February, according to data...

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The NÉBIH suspended the operation of a meat plant

Due to serious food-safety deficiencies the National Food Chain Safety Office (NÉBIH) suspended the operation of a meat shop in Pereszteg and the related plant and ordered the destruction of...

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Virtual shopper card for everyone

A new smartphone app called Fullcard can manage various loyalty cards and the offers in promotional leaflets, plus its geographical location function helps shoppers to find those offers which are...

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Under a supported roof

With a sum up to HUF 5 million in a 5-year period, companies can support the real property buying (or the paying back of real property loans) of employees tax-free....

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Misusing prestigious FMCG-brands?

BGA Hungary successfully combats illicit Asia Center ad campaign misusing prestigious FMCG-brands....

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More ads, more GDP

Fresh survey shows one euro ad spend generates seven euro GDP growth – BGA takes this opportunity to urge local policy-makers not to over-regulate the market....

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Magazine: It is easier if you aren’t alone

The European Union is Canada’s second biggest trading partner – their No.1 trading partner is the USA. After many years of negotiations, Canada and the EU signed the so-called Comprehensive...

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Technology influences classic retail strategies

With the help of Frank Mayer and Associates, let’s examine what the future of retail will be like. 2017 will bring many things to the retail sector, including new programmes...

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Nestlé expands Bük pet food factory

Nestlé invests more than HUF 20 billion in creating its biggest pet food production facility in Europe. The existing part of the factory will be modernised and a new 5,000m²...

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Nielsen: Are you satisfied with your salary?

According to a Nielsen survey, fewer Hungarians are satisfied with their salary than consumers in neighbouring countries. Austrians are the most happy with their present salary, followed by Slovakians, Croats...

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The NÉBIH to strengthen its controls with an intelligent analytical system

The National Food Chain Safety Office (NÉBIH) strengthens further its tools to filter those who carry out illegal activities. Oravecz Márton, president of the National Food Chain Safety Office (NÉBIH)...

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Investments decreased by twenty percent last year

The volume of investments in the national economy in 2016 decreased by 20.0 percent, compared to the previous year, when it rose 7.1 percent in an annual comparison. In last...

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Municipal slaughterhouse was inaugurated in Hajdúböszörmény

A municipal slaughterhouse was inaugurated in Hajdúböszörmény on Tuesday. In addition to the completed project, the foundation stone of the local government’s meat processing plant was also placed. Kiss Attila...

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Hungarian artisanal beers to be introduced in Romania

The Association of Small Breweries to host Romanian beverage wholesalers and restaurant professionals on 7 March 2017 in the Petőfi Community Centre in Bucharest. At the handicraft beer tasting, organized...

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Employment growth may continue

The growth in the number of employees may continue this year, as well as the decrease in the number of unemployed, but the process due to the lack of experts...

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Driverless tractors to come in a few years

The Süddeutsche Zeitung wrote an article (“The farmer thinks the tractor steering”) about the automatic agricultural machinery. The tractors and combine harvesters are able to calculate the optimal route and...

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Cash usage costs a lot

From March, new two thousand and five thousand forint banknotes will arrive to everyday life. The new, modern banknotes are needed, but it is worth to make steps towards a...

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The payment behavior deteriorated at the Hungarian enterprises

Last year, two-thirds of the bills were paid in time, but this result is a few percentage points below the results of 2015 – the privatbankar.hu. quotes the Payment Experience...

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The grain museum to be renovated

The renovation works of the Gajdács farm, which is part of the Grain History Exhibition Place in Békéscsaba have started – was said at a press conference on Tuesday at...

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The airport center of the mail-order services is under construction on sixteen thousand square meters

The air cargo traffic at the Liszt Ferenc International Airport in Budapest has increased significantly, by 26.8 percent in January, compared to the previous year – the Budapest Airport told...

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Invoicing with value limits

Those businesses that don’t follow this year’s tax rule changes are risking serious fines – warn the experts of MAZARS. In the past the tax number of a product’s buyer...

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Hungary lost a lot because of the sanctions against Russia

Minister of Foreign Affairs and Trade Péter Szijjártó told Russian daily Kommersant that Hungary lost USD 6.5 billion because of the economic sanctions imposed against Russia. The minister hopes that...

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Client Gateway risks

The tax authorities more and more frequently inform businesses about tax inspections by sending an e-mail via the Client Gateway (Ügyfélkapu) system. The problem is that while these letters were...

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A big gun enters the Hungarian market

In November 2016 Spain-based Natur House, one of the most dynamically growing European franchise networks entered the Hungarian market. In Hungary NaturDiet Zrt. represents the healthy and weight loss diet...

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Efficient NAV

In 2016 the reformed, customer-oriented National Tax and Customs Administration (NAV) put HUF 12,793 billion into the national budget, HUF 31 billion more than originally expected by the government. Secretary...

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Revival

Soon winter is over and after the rather slow January-February period, the Hungarian food industry will speed up again. General expectation is that the sector’s output will continue to increase...

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Franchise superior 2016

On 19 January 2017 the Hungarian Franchise Association announced the eight category winner franchisors and franchisees. András Tóth, president of the Hungarian Franchise Association T.M.: – How do you assess...

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The fall in prices may begin with lettuce and cabbage

The high fruit and vegetable prices may be broke down by the appearance of the domestic version of the most cold-tolerant leafy vegetables (salads, brassicas) at the end of March...

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GKI: the growth of the sentiment index stopped in February

After a three-month increase, the improvement of the GKI sentiment index has stopped in February. The business expectations have not changed, while the consumer expectations deteriorated slightly. The index fluctuates...

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The Chamber of Agriculture would reduce the VAT rate for cereals to 5 percent

The Chamber of Agriculture (NAK) suggests to reduce the VAT rate for cereals to 5 percent if the European Union does not allow reverse VAT payment after 2018. With this...

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