Market News
The chimney cake war continues
The first chimney cake (kürtőskalács) was made in Transylvania by a Romanian woman in 1784 – Achim Irimescu Romanian Minister of Agriculture said on Tuesday. The Agerpres news agency reported...
Read moreFew Hungarians are willing to switch to online tv instead of traditional tv
Sorry, this entry is only available in HU....
Read moreEurope spend 4 percent more
In November 2015 GfK organised their Kronberg conference in Hungary for the second time. International and Hungarian experts shared their thoughts with participants on macroeconomic trends and their influence on...
Read more
Magazine: Moments that matter
Google’s Consumer Barometer Report (CBR) revels that smartphone penetration is increasing in Hungary. According to the report, 85 percent of Hungarian consumers use the internet at least once a day....
Read more
The startups can be the engine of the Hungarian economy
The Think.bdpst regional innovation conference was organized in Hungary. The main theme of the conference was how to help the growth of startups in the domestic economy. The domestic innovation...
Read more
KSH: agricultural producer prices increased in January by 4.8 percent
In January, agricultural producer prices increased by 4.8 percent higher, compared to a year before. The increase is due to the 10.5 percent increase in the prices of crop products,...
Read more
Budai Gyula: The Hungarian goose industry may strengthen its position in Taiwan
There is a high demand for waterfowl meat in Taiwan, where the Hungarian companies can find a good market – Budai Gyula Ministerial Commissioner told MTI by telephone on Thursday....
Read more
Fish fostering research base was established at the University of Kaposvár
The fish fostering research base of the University of Kaposvár was handed over in Kaposvár, Somogy county on Friday. The the fish fostering research base aims to serve as the...
Read moreThirty thousand packets of cigarettes were seized by the NAV
Almost 200 kilograms of tobacco and nearly 31 thousand packs of cigarettes without Hungarian tax stamps in an amount of 38 million HUF was seized by the National Tax and...
Read more
Facebook marketing is trendy
Website, company Facebook page and e-mail – these were small businesses’ favourite marketing tools in 2015, according to Marketing Commandó’s survey, conducted with the participation of its Facebook followers and...
Read more
Magazine: Simpler tax rules in 2016
In its report PwC stressed that one of the most important changes in tax rules from 1 January 2016 is that the International Financial Reporting Standards (IFRS) for annual reporting...
Read more
Sweet Industry: The Future three times
The Hungarian confectionery industry is starting to recover, but it is still far away to regain its former glory. However, the confectionery industry must solve a lot of new tasks...
Read more
The growth rate of food retail has slowed
Food retail sales growth rate slowed in the past twelve months. Between February 2015 and January 2016 the turnover of food retail increased by 4 percent to almost 1550 billion...
Read more
Cocoa global panorama: hecticity, instability, luck
One of the leading companies in the domestic food industry, the Tutti Kft., is distributing Dutch cocoa powder for 25 years and also use cocoa powders in other products made...
Read more
One in six gardens are led by young farmers
Horticulture is an important element of the government’s agricultural program, because in the EU financial cycle lasts until 2020 they would like to increase the number of rural jobs, and...
Read moreThe consumer electronic complaints management platform was launched
The European Commission’s online dispute resolution (ODR) platform for consumer disputes was launched on 15 February 2016. “The online platform, operated by the European Commission has also brought significant legal...
Read more
The Nébih uncovered irregularities in a bakery
The National Food Chain Safety Office (Nébih) uncovered irregularities in a bakery in the 13th ditrict of Budapest earlier this week. While investigating the foreign-owned plant the National Food Chain...
Read more
Fake handbags and suitcases cause 1.6 billion euros damages each year in the EU
It is estimated that the industry loses approximately 1.6 billion euros revenue each year due to the presence of counterfeit handbags and luggage in the EU marketplace, corresponding to 12.7...
Read moreA significant drop in the number of online purchases in Russia
The number of purchases made at online department stores in Russia fell by 17 percent last year – Alexei Fyodorov, chairman of the association containing the Russian online companies said...
Read moreThe price of tobacco and alcoholic beverages increased, pork prices declined further
In February, the consumer prices were on average 0.3 percent higher than a year before, and declined by 0.1 percent, compared to January – the Central Statistical Office (KSH) announced...
Read more
Nébih imposed fines for the unfair distribution of milk
The National Food Chain Safety Office (Nébih) found unfair distribution practices in more than 30 percent during its dairy market distribution controls. The National Food Chain Safety Office (Nébih) imposed...
Read moreThe potential of the Hungarian wines in the US market
According to Michael Schaefer American wine merchant it is totally unnecessary for the Hungarian wineries to try to appear in New York with their wines. The expert spoke at a...
Read more
A consignment of fake perfumes were seized near Vámosszabadi
Fifteen million HUF worth counterfeit perfume consignment was seized by the finance guards of the National Tax and Customs Office (NAV) near Vámosszabadi. Kovács Mária press Officer of the NAV’s...
Read more
Cash use is about to wave goodbye in Sweden
A recent study by the KTH-Royal Institute of Technology found that Sweden is the world leader in non-cash payment transactions. According to the study, at the moment there are less...
Read moreAnalysts: GDP may increase above two percent this year
The increase in gross domestic product (GDP) this year may be over two percent – macroeconomic analysts told MTI who responded to the Central Statistical Office’s (KSH) data published on...
Read moreBudai Gyula: other Hungarian wines have place on the Japanese market in addition to the Tokaji wines
The most famous Hungarian wine is Tokaji in Japan. A significant amount is purchased from Tokaji in the Far Eastern island country, but several other high-quality Hungarian wines also have...
Read more
We can pay with Tokaji ducats already in the summer
Tokaji ducats can be used soon in 27 settlements of the Tokaj wine region. The Tokaji ducats will be a local currency. The Tokaji ducats will be the fourth local...
Read moreKSH: a sharp increase in imports
In January, value of export increased by 1.0 percent in euros, while the value of import increased by 4.3 percent, compared to a year before. The trade surplus fell by195...
Read moreThe V4 would work together to reduce VAT on Internet
The minimum goal in Hungary is is to reach the EU average of 85 percent in the usage of Internet. Now the proportion of Internet users is around 63-70 percen...
Read more