Market News
Information sharing in corporate tax matters
The European Commission’s proposal for automatic exchange of corporate tax information among national tax authorities was welcomed by the European Parliament as a positive step in the fight against aggressive...
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Electronic signature just as valid as the handwritten
As of 1 July 2016 a new regulation applies to electronic signatures. E-signatures will become valid, legally binding, evidence providing and accepted in each member state of the European Union....
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A hundred million bank card payments
Cellum started Hungary’s first nationwide mobile payment service in 2006. Since then 100 million payments have been realised in the system, in the value of HUF 70 billion. The first...
Read moreFM: next year 43 billion HUF will stay in the pockets of families as the result of the food VAT cut
Next year 43 billion HUF (about 35-40 thousand HUF per families) will remain at the families as the result of the food VAT cut. Fazekas Sándor, Minister of Agriculture told...
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FruitVeB: significant hail in the east part of Szabolcs-Szatmár-Bereg county
Significant hail occured in the east part of the Csenger and Fehérgyarmat regions of Szabolcs-Szatmár-Bereg county – the President of the Hungarian Fruit and Vegetable Interprofessional Organisation and Product Board...
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Fazekas: Great Britain is an important agricultural market for Hungary
The Minister of Agriculture is confident that the Hungarian products will reach the British market even after the termination of in Britain's EU membership. Fazekas Sándor told MTI that detailed...
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Lidl recalled salmonella contaminated paprika powder
The Lidl Magyarország recalled the 100 grams Mikado delicacy spicy paprika powder, which will keep expires on 26 December 2016, because during Lidl’sown quality control tests the product was found...
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MNB: the decline in vulnerability reduces the risks in Hungary
The fact that Hungary’s vulnerability considerably decreased in the past years reduces the risks that will occur because of the Brexit. The outcome of the British referendum caused volatility in...
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Salmon oil brands in Norway under credibility test
Salmon oil brands were tested with a new, unique method in Norway. At the independent test of the OmegaVeritas, the ingredients in the world's leading salmon oil products were analyzed,...
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Direct payment manual published
NAK has published their tenth manual to make the work of the chamber’s members easier. The system of direct payments under the CAP was transformed in 2015 and NAK’s manual...
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Donation to the foster home
NAK donated gardening tools, flowers and seeds to the 60 children who live in the two homes of the Bólyai Foster Care. NAK president Balázs Győrffy handed over the donation...
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Cooperation is only possible with more trust
At the spring conference of the Hungarian Chamber of Agriculture (NAK), Magosz and COGECA participants discussed the role of cooperatives in Hungary and other parts of Europe. One of the...
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Magazine: Facing cleansers
For facial care products the biggest challenge in the Hungarian market is the low penetration level of the category. NIVEA’s 2015 ‘Good value for money’ survey found that only 31...
Read moreThe harvest has begun
This year's harvest season has begun in Hungary with the harvest of winter barley. the experts expect a good average crop – Minister of State of the Ministry of Agriculture...
Read moreThe investment mood of SMEs is improving
After last year's low point SMEs' willingness to invest revives again. Currently 56% of the CEOs are preparing for some kind of improvements – according to the K&H SME confidence...
Read moreIdeal temperature for beers
Now it is official: The heat wave has arrived. The Beer Association expects an increase in beer consumption, due to the warm and the Football European Championships. In addition to...
Read moreFM helps farmers hit by hail
The Ministry of Agriculture (FM) aims to help farmers hit by hail. The compensation fund is sufficient to cover the costs. The ministry in it Tuesday statement sent to MTI...
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Mosaic giant made of beverage cartons
The Beverage Carton Environmental Protection Association (IKSZ) created the world's largest mosaic image made from beverage cartons in two days at the Madách square in Budapest by using more than...
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Nébih checked the catering kitchens
The National Food Chain Safety Office (Nébih) checked 1700 public catering kitchens since last October. Six percent of these, 103 kitchens failed, while 7 percent, 124 kitchens received excellent rating....
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PMI: the euro zone is growing slower than expected
According to the PMI indicators of the Markit Economics Institute for Economic Research in London, the euro zone is growing slower than expected. In June, the euro zone’s manufacturing purchasing...
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More and more card payments
MasterCard’s experience is that Hungarian retailers and shoppers are open to using innovative technologies. Together with Shoprent, the company did an e-commerce survey with 260 online shops in February 2016....
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Contactless payment is spreading
According to a Deloitte forecast, VR technology will reach the annual USD 1-billion turnover in 2016 – from this USD 700 million is hardware sales and the rest is content...
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Another two billion forints for the academy’s new agricultural innovation centre
The government gives another HUF 2 billion for building the new agricultural innovation centre in Martonvásár. With the new building of the Agricultural Research Centre of the Hungarian Academy of...
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IT security service to be launched
Quadron Kft. is about to launch a 24-hour, 7-days-a-week IT security service – announced managing director Harold Teasdale at a Budapest press conference. Companies that wish to use the service...
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Magazine: Fruit flavours closed in a jar
The fruits Hungarians grow in their gardens for themselves (or buy in the marketplace) create a stable market for home preserving supplies. According to Eszter Varga, trade marketing and category...
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The NAK does not support the reduction in milk production
The European Commission may take a decision in July over milk production limits. From the step, the European Commission expects to mitigate the dairy market turmoil. This means that the...
Read moreSavings Bank: next year Hungary's GDP may expand by 3.3 percent
After the temporary slowdown of this year (2.1 percent economic growth), the economy may grow by 3.3 percent next year – according to the Hungarian Savings Bank’s quarterly forecast. According...
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The new office of the MNKH was handed over in Slovakia
The new office of the Central European trade promotion network of the Hungarian National Trading House (MNKH) was opened on Wednesday in Ipolyság. Czimbalmosné Molnár Éva, Hungary’s Ambassador in Pozsony...
Read moreOnly 20 percent of the product fee is spent on waste management
The budget of the past five years clearly shows that that only 20 percent of the product fee is spent on waste management and the rest covers other expenses –...
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Drones with commercial aim to come
The Federal Aviation Administration issued the first operational rules to govern the commercial use of drones on Tuesday. The 600-plus pages of new regulations require drone operators to pass a...
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