Market News

What does your company have to do to prepare for the GDPR regulation?

ICO, and independent data protection organisation in the UK specified 12 areas where a company needs to take steps to prepare for the new regulation: 1. Awareness, 2. Information you...

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Export surplus continued to increase in August

The value of exports in euros increased by 12.5 percent, while the value of imports in euros increased by 10.9 percent in August, compared to the previous year. The export...

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The golden jaundice disease endangers two more wine regions

The golden jaundice disease endangers two more wine regions in Hungary. The government agencies have begun the assessment of the level of infection and making steps necessary for the elimination...

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Economic sentiment improved in Europe

Economic sentiment improved in Europe in October in the euro zone and in the EU, because optimism increased in the industrial and service sectors. The European Union's Directorate-General for Economic...

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The NAV found cigarette smugglers in Szabolcs

The National Tax and Customs Office (NAV) caught a fifteen membered cigarette smuggling criminal organization in the region of Tiszakóród and Szatmárcseke. Simon Béla, press officer of the tax authority...

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ABB Kft. appoints new managing director

Early September Taira-Julia Lammi was appointed managing director of ABB Kft. Ms Lammi has been with the company since 1997 and has already worked in several managerial positions, from quality...

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ABC Data: rapid growth

IT and consumer electronics distributor ABC Data realised an outstanding 325-percent growth in the Hungarian market in the first half 2016. Managing director Gábor Poros told that the company is...

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The Poultry Marketing Board encourages the purchase of Hungarian eggs and poultry products

The Hungarian eggs have good quality and are safe to eat – the Poultry Product Council (BTT) underlines. According to the organization, the Polish eggs infected with salmonella also highlights...

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Promotional campaign to buy quality domestic apples

The Agricultural Marketing Centre, the Ministry of Agriculture, the FruitVeB Hungarian Fruit and Vegetable Interprofessional Organization and Marketing Board, the National Agricultural Association, the National Food Chain Safety Office and...

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The “MAGYAR TERMÉK” Nonprofit Kft. is celebrating its 10th anniversary

The “MAGYAR TERMÉK” Nonprofit Kft. (“HUNGARIAN PRODUCT” Nonprofit Ltd.) is celebrating its 10th anniversary this year. The organization started with the collaboration of 13 companies. Until now, more than 150...

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Twenty tonnes of adulterated honey was withdrawn from circulation by the NÉBIH

The inspectors of the National Food Chain Safety Office (NÉBIH) seized twenty tonnes of adulterated honey that contained unknown sugar. The National Food Chain Safety Office (NÉBIH) told MTI on...

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Trade relations are strengthening with the wholesale market in Padua

The Hungarian partners have a turnover of 15 million euros with the wholesale market in Padua. The largest wholesale market in Italy further strengthening its ties with Hungary – the...

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KSH: employment increased in the third quarter

The number of employees increased by 126 thousand over the year and reached 4 million 390 thousand in the third quarter – the Central Statistical Office (KSH) announced on Thursday....

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Fazekas: the '56 Tokaji aszú is the pride of the nation

The 1956 vintage Tokaji aszú wine is the pride of the nation. In the coming decades it will worthily represent the values of the revolution and the values and performance...

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Herb gardens and processor will be created in Ópusztaszer

The visitors can get acquainted with the traditions of medieval herb cultivation and processing at the garden center which will be created in the next spring in the Ópusztaszer National...

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Hungarian product Sport Pasta qualifies for international final

The Sport Pasta products of Famíliatészta Kft.’s Vitale range qualified for the final of the international innovation competition World Tour by SIAL 2016. Vitale pastas contain 50 percent (Sport Pasta)...

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Agricultural chamber urges the introduction of lower employer contributions

According to the Hungarian Chamber of Agriculture (NAK), in addition to agriculture, the programme for cutting employer contributions, recently announced by the government, should be extended to other sectors such...

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More balanced lemon juice market

The Olympos brand has been the strongest player in the lemon juice market for many years. Vilmos Várkonyi, group brand manager of Maspex Olympos Kft. told that the company’s most...

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Magazine: Sailing on the endless sea of flavours

In comparison with last year’s exceptionally positive trends, this year the Hungarian fruit juice market came to a bit of a halt. According to Nielsen, in the first half of...

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OKSZ: retail sales this year may grow by around 5 percent

The August expansion of retail sales was outstanding, the data shows that this year will be the third year in the sector, when growth reached or exceeded 5 percent –...

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FM: the Hungarian food industry’s potential is 60 percent higher than its performance

The Hungarian food industry’s potential is 60 percent higher than its current performance – the Deputy Minister of State of the Ministry of Agriculture (FM) said on Wednesday at a...

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Polish egg shipments will be checked by the NÉBIH

An alert arrived into the EU’s Rapid Alert System for Food and Feed (RASFF) about Polish eggs infected with salmonella. Because of the high food safety risk, Zsigó Róbert, Minister...

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FM: new quality-control action can be around Christmas

Inspectors will presumably carry out hold another quality control actions involving the beverage supply around Christmas – Zsigó Róbert, Minister of State, responsible for the food chain supervision at the...

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Agriculture ministers joined forces against the EU’s proposal

The agriculture ministers of the Visegrad Four countries and Bulgaria, Slovenia and Romania adopted a joint declaration in Warsaw on Wednesday, in order to withdraw the European Commission’s proposal that...

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FM: request for the production of Csaba Sausage has not arrived yet

Legislation change request in connection with the production of the Csaba Sausage has not arrived yet to the Ministry of Agriculture (FM) – the ministry's interest told MTI on Wednesday....

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The GVH inspects advertisings appear in the social media as well

The Hungarian Competition Authority (GVH) will examine the communication contents that appear in the social media because the consumer is often unable to find out that whether it is a...

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57 percent of the Hungarian employers have difficulties in finding labor force, according to a survey

57 percent of the Hungarian employers responded that they have difficulties in finding suitable labor force. 32 percent of the Hungarian employers say that there are no candidates to the...

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Chocolate, coffee and energy drink VAT frauders were captured

VAT frauders were captured by the inspectors of the National Tax and Customs Office (NAV) who were selling chocolate, coffee and energy drinks – the NAV told MTI on Wednesday....

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Software update for online cash registers

It is the National Tax and Customs Administration’s (NAV) task to update the software used on online cash registers – the owners have no obligation whatsoever in connection with this...

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Tackling tax havens

According to the European Commission’s (EC) calculations, due to the special treatment offered by the Irish tax authorities, in 2003 the corporate tax rate for Apple’s European profits was 1...

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