Market News
Consumer confidence has decreased in Germany
German consumers are more pessimistic than expected, according to a survey published by GfK on Thursday. The Nuremberg-based Market Research Institute’s November consumer sentiment index decreased to 10.7 points from...
Read more
Brussels’ VAT return: 150 billion euros losses due to VAT frauds
At the beginning of October, the European Commission (EC) presented a reform plan for the EU VAT law, the main objective is to reduce the scope of VAT frauds and...
Read more
School starting not only burdens the parents’ wallet
At the invitation of eMAG.hu, belonging to the South African Naspers group, GKI Digital sought out the question within the eMAG customer survey: which products were the most popular in...
Read more
The OTP Bank strives to increase its agricultural loan portfolio
The Hungarian agriculture is an important business area for the OTP Bank and therefore strives to increase its agricultural loan portfolio – the bank’s CEO said on Tuesday in Budapest....
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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. //...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
