Market News

Limitations in 16 settlements of Baranya county due to bluetongue disease

The food chain safety and animal health department of Baranya county introduced restrictions in sixteen settlements of Baranya county due to the spread of the bluetongue disease – the clerk...

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Registering for the OKÉS competition

‘Traditional values in modern public catering’ is the theme of the 5th National Public Catering Chef Competition (OKÉS). There will be 3 rounds in the competition: first documents (menu, calculations,...

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Babati and Co. builds meat processing plant in Vietnam

Körmend company Babati and Co. invests more than HUF 2.5 billion in building a meat processing plant and a 100-unit meat shop chain in Vietnam. Plan is that 120 pigs...

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Growing employee engagement

According to Aon Hewitt’s latest employee engagement report (a survey conducted in 164 countries), the global engagement level is 62 percent, up a little from the level of the previous...

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NGM: low inflation helps retail sales growth

The minimal inflation is contributing to real wage growth, so the households are able to buy more products, which also helps to achieve a growth in turnover – Lenner Áron...

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Pálinka National Council will be a Public body

On the basis of the amendment of the Act on pálinka, the Pálinka National Council will be a Public body. The Pálinka National Council will perform the task to facilitate...

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Common Agricultural Marketing Code was signed at the OMÉK

The common objective of the Agricultural Marketing Directorate of the Magyar Turizmus Zrt. (Hungarian National Tourist Office) and the 26 state and professional organizations is to introduce, endear and sell...

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Hungary has significantly increased its agricultural exports to China

Hungary has octupled its agricultural exports to China in the past five years – the Minister of Agriculture said at a press conference in Budapest at the 10th agricultural trade...

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The Nébih closed down a slaughterhouse in Pest county

The inspectors found serious hygiene problems in a slaughterhouse in Pest County. The National Food Chain Safety Office (NÉBIH) banned immediately the functioning of the plant. According to the communication...

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Loyalty programmes under Naomi Campbell’s name

At the end of July global loyalty programme specialist TCC announced that they had signed a contract with Naomi Campbell’s company. TCC will create a product line bearing the supermodel’s...

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Magazine: Unique packaging solutions

Tamás Istvándi told us that Canter Wine House has special packaging solutions – we can find one in all three of their wine ranges. Csipkés wines are affordable to anyone...

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KSH: retail sales rose by 6.8 percent in July

The volume of retail sales in July increased by 6.8 percent compared to the same period of last year, according to the raw and calendar effects adjusted data. This is...

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The private label products of the chains brought 240 billion HUF turnover in the first half of the year

The Hungarian consumers bought private label food, household chemical goods and cosmetics in a value of about 240 billion HUF in the first half of this year, which is 7...

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Three-quarter of the sunflower has been harvested

Almost three-quarter of the sunflowers in Zala County has been harvested until now. The plant’s quality parameters comply with the regulations – the president of the county National Agricultural Chamber...

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GKI: The real estate business is doing better

Sorry, this entry is only available in HU....

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A record number of applications were received to the Farm Development Program

This year a record number of 1775 applications were received to the applications of the Farm Development Program, that means a 75 percent increase compared to 2013 – the Minister...

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Tobacco, alcoholic beverages, children's toys and clothes were seized in Northern Hungary

Significant quantities of tobacco, liquor, children's toys and clothes were seized by the finance guards in one day in Northern Hungary, worth more than three million HUF – the National...

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The Dairy Product Council calls for a VAT cut

If the Value Added Tax on Hungarian milk products would be reduced to 5 percent from January 2016, the population would buy the cheaper Hungarian milk instead of the import...

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Professionals have praised the introduction of the catering regulation

According to experts, the 1 September introduction of the catering regulation is a milestone, because proper nutrition is the cornerstone of a healthy lifestyle – was said at the press...

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Markit: the pace of economic growth is slowing in the euro zone

Despite the reduction of economic growth in September, the euro zone reached its best quarter of the last four years – the provisional September figures of the Purchasing Manager Index...

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The third of the GINOP funds will be available this year

More than 900 billion HUF EU development funds will be available later this year for the micro, small and medium-sized enterprises, which is the third of the 2,700 billion HUF...

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Foreign VAT can be claimed back for another week

The Hungarian companies still rarely claim back the VAT on invoices related to residence in other EU countries, rather they account gross costs – the international tax consulting and auditing...

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Fifteen thousand packs of cigarettes in the crashing smuggler car

Fifteen thousand packs of cigarettes without Hungarian excise stamps were found in the car that crashed with another car on Tuesday in Nyírmeggyes. Nine people injured in the crash –...

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Bluetongue disease was detected in three additional counties

The laboratory tests showed bluetongue disease in cattle herds in Baranya, Somogy and Tolna counties, therefore, the authorities amended the surveillance and protection zone. The previously imposed measures remain valid...

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Babati and Co. builds meat processing plant in Vietnam

Körmend company Babati and Co. invests more than HUF 2.5 billion in building a meat processing plant and a 100-unit meat shop chain in Vietnam. Plan is that 120 pigs...

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Dangerous sesame seed

India can’t guarantee the safety of sesame seed it exports to the European Union – opines the European Commission. The commission would like to know the place of origin, the...

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Coffee sales: which path to take?

After the nadir of 2013 coffee sales increased by 5 percent in value in 2014 – in a period when prices were relatively stable. This was very good news in...

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Import pressure complicates the lives of domestic milk producers

The imports of Slovak and Czech ultra heat treated milks (UHT) that mainly arrive to Hungary with VAT frauds failed to be stopped – the President of the Dairy Product...

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The MNB lowered its growth and inflation forecasts for this year

The Magyar Nemzeti Bank (Hungarian National Bank) slightly reduced its forecast for GDP growth this year. The Magyar Nemzeti Bank (Hungarian National Bank) expects a 3.2 percent GDP growth in...

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Food waste to be tracked

The Agricultural Economics Research Institute (AKI) set up a working group in order to reduce the annual loss of around 200 billion HUF that comes from food waste – Kürthy...

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