Market News
Smart City application to be tested in Budapest
A Smart City application will be tested in Budapest, during which the public lighting will be adapted to the traffic, the noise and air pollution, and data will be collecterd...
Read moreFifteen hundred year old wine press was found after a storm in Israel
A large, well-preserved 1,500-year-old winery has been exposed during a violent storm in the Sharon Plain region, located between the Mediterranean Sea and Samarian Hills, the Antiquities Authority announced Monday....
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Applying Binding Corporate Rules in transfers of data
As of 1 October 2015 Binding Corporate Rules (BCR) have to be applied. What is BCR? Internal rules adopted by a multinational group of companies which define its global policy...
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New electronic invoice decree
On 1 July 2015 NGM decree 23/2014 (VI. 30.) entered into force: the new decree regulates the tax-authority identification of invoices and receipts and the tax-authority checking of invoices preserved...
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Magazine: Loans from an SME perspective
Viktor Zoltán Kovács, the head of K&H Bank’s SME marketing division is of the opinion that in 2015 the products of the Lending for Growth Programme (NHP) – with their...
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GKI: Improving consumer sentiment and deteriorating business
The GKI-Erste economic sentiment index continued to rise in October, almost reaching its level at the end of 2014. According to the empirical survey, consumer expectations improved significantly, whereas the business...
Read moreThe National Council of Wine Communities expects a good vintage wine in quantity and quality
The Hungarian wines will be a good vintage this year both inquantity and quality – the technical director of the National Council of Wine Communities (HNT) said on Monday morning...
Read more700 billion HUF is at stake: the new applications are being prepared
Application working groups have been established with the participation of the Prime Minister's Office, the Agricultural and Rural Development Authority (MVH), the Ministry of Agriculture (FM) and the National Agricultural...
Read moreThe Hungarian beekeepers want an EU investigation because of the counterfeit Chinese honey
Because of the counterfeit Chinese honey, the Hungarian beekeepers want an EU investigation – Takács Ferenc, a member of the Kaposvár and Area Beekeepers Association told m1 news channel on...
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NAK: the agri-environmental management calculator is available
The agri-environmental management calculator (AKG) is already available on the website of the National Association of Agricultural Economics (NAK) as well as the area measuring Manual – the NAK told...
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Wine Museum in Tokaj
The ruiny Serház (Beerhouse) in Tokaj to be renewed. The building in he future will serves as an exhibition space and museum of the wine wine world heritage regions –...
Read moreGerman business sentiment deteriorated slightly
The German business sentiment index of the ifo Institute for Economic Research in October declined slightly. The German companies were less satisfied with their current business situation, however, are more...
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Long-lasting freshness
Research by Procter&Gamble found that basically consumers want two things from a fabric softener: long lasting scent and freshness. Super-concentrated Lenor is an influential product in the fabric softener category....
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The purpose is to make small farms viable
The Hungarian government aims to make small farms viable – Nagy István, Parliamentary Minister of State of the Ministry of Agriculture said at the 20th Tiszántúli Plant Protection Forum. He...
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Deterioration in consumer sentiment in the euro area and the EU as well
The mood among consumers in the Euro Area decreased by 0.6 points to -7.7 in October from -7.1 in September of 2015, missing market expectations of -7.35 and reaching the...
Read moreThe FM is searching for Chinese honey
The Ministry of Agriculture (FM) initiates an investigation to detect, which Hungarian honey mixes include Chinese imports – the agrarszektor.hu wrote. Officially, – according to the statistics – no honey...
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The Nébih found everything OK when checking the garlic
The National Food Chain Safety Office (Nébih) found no irregularities when examining garlic products – the Nébih told MTI on Thursday. During the test pesticide residues, heavy metals and mycotoxins...
Read moreThree hundred experts of fifty countries at the International Academy for Quality (IAQ) world forum in Budapest
Three hundred experts of fifty countries will take part at the International Academy for Quality (IAQ) world forum in Budapest on 26-27 October.More than 120 domestic professionals have also registered...
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Some SMEs want to invest, others don’t
Following the nadir of early 2015, Hungarian SMEs became more willing to invest: 51 percent of enterprises plan some kind of development project – reveals K&H’s latest SME confidence index....
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CHOCCO GARDEN: a new brand in the confectionery market
CHOCCO GARDEN was established with the goal of manufacturing confectionery products which can also be competitive in international markets. Managing director Sándor Sánta told that the products will be sold...
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Magazine: Laundry detergent innovations follow the changing trends
Washing habits are developing dynamically, in part because the proportions of fabrics and coloured clothes changed very much in the last few years. Anita Boros, PR manager of Procter&Gamble told...
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Household chemicals, cosmetics sales up
Sales of household chemicals and cosmetics in Hungary saw a year-on-year rise of 6%, reaching HUF 230 bln, in the period of January-August, Hungarian news agency MTI reported, citing data...
Read moreAccording to the tobacco industry investors, the unified tobacco packaging would increase the black market
According to the Hungarian Association of Tobacco Industry Investors (DBMSZ), the unified packaging of tobacco products would be a drastic intervention into the market conditions in Hungary, however, it does...
Read moreFM: the viticultural strategy may be ready later this year
The viticultural sector strategy is hoped to be finished later this year. The viticultural sector strategy is developed in collaboration of the National Council of Wine Communities and the Ministry...
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Analysts expect a 3-4 percent average wage growth this year
Analysts polled by MTI expect a 3-4 percent average wage growth for this year, and since inflation is around 0 percent, real wages are expected to rise with the same...
Read moreTokaj Trading House: record high grape prices in Tokaj
The state-owned Tokaj Trading House paid substantially higher 250 HUF per kilo average purchasing price to the grape growers of Tokaj-hegyalja. Compared to last year the price per kilo increased...
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The Hungaricum Applications of 2015 were announced
This year’s Hungaricum Applications were published on 26 October on Monday – V. Németh Zsolt, Minister of State of the Ministry of Agriculture announced at a press conference in Budapest...
Read moreCIB: the businesses base their growth on the expansion of existing markets
The small and medium- sized enterprises are building their growth strategies mostly on their already achieved market position. The rate of businesses seeking for stable growth increased by more than...
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The Budapest Wholesale Market is developing a green direction
The Budapest Wholesale Market Plc. (Budapesti Nagybani Piac Zrt.) has developed its small power plant to 204 solar panels. The markets’s power plant has been operating since December 2013. With...
Read moreHungarian beekeepers initiated a demonstration in Brussels
The Hungarian beekeepers initiated an international beekeeper rally in Brussels on 30 October in order to tighten honey imports from China to the EU – the organizers of the demonstration...
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