Market News
The NAV recommends inculpation in fraud cases worth 6 billion HUF
Date: 2016-03-17 11:02:27
Two criminal organization dealing with the trade of chocolate and edible oil cheated almost six billion HUF Value Added Tax (VAT). The National Tax and Customs Authority (NAV) recommends inculpation...
Read more
UNESCO: Neapolitan pizza can be a World Heritage Treasure
Date: 2016-03-17 11:01:43
Italy nominated the Neapolitan pizza as a candidate for inclusion in UNESCO'S cultural heritage list for next year. It voted unanimously to protect the Neapolitan pizza as part of the...
Read more
Neanderthal diet: 80 percent meat, 20 percent vegetables
Date: 2016-03-17 10:59:29
Scientists from the Senckenberg Center for Human Evolution and Palaeoenvironment (HEP) in Tübingen have studied the Neanderthals' diet. Based on the isotope composition in the collagen from the prehistoric humans'...
Read more
Google launching an online course in Hungary
Date: 2016-03-17 10:27:45
As the digital marketing landscape continues to grow at a rapid pace, marketers are faced with new challenges and opportunities within this digital age. The Digital Marketing Course is an...
Read more
Food industry’s institutional system to be restructured
Date: 2016-03-17 10:24:05
Hungary’s government has decided to examine the possibility of closing 73 state institutions for good – many of which are operating in the agricultural sector. According to news website Vs.hu,...
Read more
Magazine: Clean homes – more simply!
Date: 2016-03-17 08:31:28
After years of stagnation the household cleaner category had commenced to grow in 2014 and this trend continued. We learned from Daniella Csefkó, retail marketing manager of Colgate–Palmolive Magyarország Kft....
Read more
A decision was born in Brussels on the temporary reduction of EU milk production
Date: 2016-03-16 11:50:45
The European Union backed temporary cuts in milk production on Monday, in an emergency move intends to tackle excess supply. The overproduction of milk has been a problem since the...
Read more
Hungarian walnuts are popular abroad
Date: 2016-03-16 11:32:38
The domestic production of nuts is before unlimited export opportunities – hirado.hu wrote after Magyar Idők. Ledó Ferenc, president of the Hungarian Fruit and Vegetable Interprofessional Organisation and Product Board...
Read more
New warnings may be place on the labels of the beer and wine bottles
Date: 2016-03-16 11:30:55
The Hungarian consumer protection propose new kind of labeling on the labels of the alcoholic beverages to the European Union. They want to reach to indicate the calorie content of...
Read more
Japanese are interested in the Hungarian agricultural products
Date: 2016-03-16 11:10:42
Serious interest was shown towards the Hungarian agricultural products in Japan – Fazekas Sándor Minister of Agriculture told at a press conference in Budapest. He added that the negotiations he...
Read more
The chimney cake war continues
Date: 2016-03-16 11:02:01
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 more
Few Hungarians are willing to switch to online tv instead of traditional tv
Date: 2016-03-16 10:51:55
Sorry, this entry is only available in HU....
Read more
Europe spend 4 percent more
Date: 2016-03-16 10:03:46
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
Date: 2016-03-16 08:46:49
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
Date: 2016-03-12 16:18:28
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
Date: 2016-03-11 11:55:12
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
Date: 2016-03-11 11:25:41
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
Date: 2016-03-11 11:16:30
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 more
Thirty thousand packets of cigarettes were seized by the NAV
Date: 2016-03-11 11:00:29
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
Retail sales Increased in the Czech Republic
Date: 2016-03-11 10:59:21
Retail sales Increased by 4.6 percent on an annual basis in the Czech Republic in January – the Czech Statistical Office (CSU) announced on Monday in Prague. This January, mainly...
Read more
Facebook marketing is trendy
Date: 2016-03-11 10:04:11
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
Date: 2016-03-11 08:58:13
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
Date: 2016-03-10 11:50:29
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
Date: 2016-03-10 11:46:41
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
Date: 2016-03-10 11:22:49
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
Date: 2016-03-10 11:20:20
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 more
The consumer electronic complaints management platform was launched
Date: 2016-03-10 11:18:32
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
Date: 2016-03-10 11:06:18
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
Date: 2016-03-10 11:05:45
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 more
A significant drop in the number of online purchases in Russia
Date: 2016-03-10 11:02:20
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 more