Market News

Tokaj Trading House builds bottling plant

State-owned wine company Tokaj Trading House is building a cutting edge bottling plant. In the first stage of the project they built a 66,000-hectolitre capacity tank hall from HUF 2.5...

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MNKH: flagships sailing towards new horizons

Zsanett Ducsai-Oláh has been the CEO of the Hungarian National Trading House Zrt. (MNKH) since this spring. She told Trade magazin that MNKH’s primary objective is to assist internationally competitive...

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The renovated Klauzál square Market Hall opened its doors

On 2 October the renovated Klauzál square Market Hall opened its doors. The Market Hall aims to supply the population of the 7th District as well as to improve the...

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The Hungarian cabbage is increasingly popular in Europe

More and more European countries are looking for quality Hungarian brassicas. Experts expect an increase in domestic – health conscious – consumption as well as the incentive effect of the...

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NGM: the expansion of the food industry also contributed to foreign trade

Vehicle exports, as well as the performance expansion of the pharmaceutical and food industries also helped the foreign trade dynamics in the first seven months of 2015 – Marczinkó Zoltán...

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Deutsch Tamás proposes to reduce the VAT on Internet to 18 percent

Deutsch Tamás proposes to reduce the VAT on Internet from 27 percent to 18 percent, on the basis of the data of the results of national consultations on the Internet...

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Food Avalanche won the first prize for the most successful partnership cooperation

The Food Avalanche program of the Hungarian Food Bank Association and the Syngenta received the first prize in the category of the most successful partnerships at the Social Investment Awards...

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The Pécsi Cuvée and the Szekszárdi Bull's Blood have become the wines of the University of Pécs

The 2014 vintage “Pécsi cuvée” white wine of the Batthyány Cellar and the 2012 vintage ” Tüke Szekszárdi Bull's Blood” red wine of the Eszterbauer Kft. won this year's competition...

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Eight trucks of milk and four trucks of sugar were seized by the NAV

According to the data gathered so far the members of chain of groups cheated more than 700 million HUF VAT with trading milk, sugar and cooking oil. The finance officers...

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Heineken continues its expansion in India

Heineken has acquired a 3.21-percent share for USD 138 million in Indian company United Breweries Ltd. This brewery is the manufacturer of Kingfisher. The group now owns 42 percent of...

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Grocery retail in top form

In the December 2014-May 2015 period grocery retail sales amounted to HUF 750 billion in the 90 categories audited by Nielsen. In value sales were 4 percent higher than in...

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Magazine: What we are proud of

Cserszegi Fűszeres Made using reductive technology, this is a fragrant wine with characteristics similar to those made from Irsai Olivér grapes. A spicy, light and elegant wine, with harmonic acidity....

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Hungarian pork exports continue to grow in China

The Certification and Accreditation Administration of the People's Republic of China gave permission for another two Hungarian companies to deliver pork to China. The two companies are the Pick Szeged...

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Fitch: the big emerging economies pull the world economy back

In its latest Global Economic Outlook (GEO) Fitch Ratings forecasts the global economy will grow by just 2.3% in 2015, the weakest since the global financial crisis in 2009, dragged...

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The Nébih tested special salts

The National Food Chain Safety Office (Nébih) tested special salts – for example, iodinated, fluorinated or reduced sodium content salts. As the result of the investigation public proceedings were initated...

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GfK: the mobile internet is spreading rapidly

Internet usage on phone or tablet is increasingly shifting towards mobile internet technology; Last year, 23 percent of users have used most of this modality, and the stationary wifi hotspots...

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Increasing Purchasing Managers' Index

The seasonally adjusted value of the Purchasing Managers' Index (PMI) was 55.8 points in September, 4.8 percentage points higher than in August. The respondents evaluated the economic processes more favorable...

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Consumer protection fines may decrease if the company is trying to comply with the law

The Competition Authority (GVH) can soften the fines in consumer protection cases, if the business justify its substantive efforts to ensure regulatory compliance – the Hungarian Competition Authority (GVH) on...

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The VAT on several basic foods will decrease in Slovakia from January

From next January, the VAT on several basic foods will decrease in Slovakia from 20 percent to 10 percent – the bill was approved on Thursday by the parliament. The...

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Eurostat: for 2080 almost one third of the EU's population of will be over 65

The European Union (EU) population is steadily aging. While in 2014, 18.5 percent of the total population was over 65, by 2080 this proportion is expected to reach 30 percent...

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Cheese to be made from powdered milk in Italy too?

The European Commission would like Italy to end the ban on the use of milk powder, condensed milk and reconstituted milk in manufacturing cheese and other dairy products. The Italian...

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Non-salary benefits

For benefits offered as a package the so-called ‘HUF 500,000 rule’ is discontinued and the concept of the framework sum is introduced, together with the recreational framework sum. In the...

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European standards

On 12 June 2015 the government issued decree 1387/2015 (VI. 12.) on the usage of International Financial Reporting Standards (IFRS) for annual reporting purposes in Hungary. The standards will be...

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The retail real estate market is becoming more expensive in Budapest

The retail real estate market is becoming more expensive in Budapest – the latest analysis of the CBRE global real estate consultant was published by portfolio.hu. The supply of new...

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MNB: the spread of the touch cards increases the number of transactions

In the second quarter of the year, the use of electronic payment devices continued to increase primarily due to the significant expansion of the payment card infrastructure. The number of...

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The Hungarian honeys are also promoted at the Milan Expo

The Hungarikum Week started on Monday. The most popular, high-quality Hungarian honeys will also be showcased in the Hungarian Pavilion at the Expo in Milan with the professional guidance of...

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The best white wines were chosen

From the more than half thousand white wines 265 items got into the White Wine Excellence, which will also appear in the forthcoming wine book of excellences – the agrarszektor.hu...

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Bisnode: The sales revenue of the Hungarian companies increased by 1.47 percent in 2014

The sales revenue of the Hungarian companies grew by 1.47 percent in 2014. The companies produced a total of 82,000 billion HUF revenue on the basis of more than 384...

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Hungary worsened the World Economic Forum's competitiveness list

Hungary is ranked 63rd on the competitiveness list of the World Economic Forum, on the basis of the Global Competitiveness Index (GCI). In last year’s survey Hungary was the 60th...

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Organic-coal instead of synthetic fertilizers

A European Union funded project led by Hungarian experts developed a technology aims to produce organic-coal that can replace conventional fertilizers. In the survey 14 partner companies and 10 European...

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