Market News
Tokaj Trading House builds bottling plant
Date: 2015-10-03 16:47:50
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
Date: 2015-10-02 23:15:44
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
Date: 2015-10-02 11:58:27
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
Date: 2015-10-02 11:40:33
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
Date: 2015-10-02 11:37:52
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
Date: 2015-10-02 11:30:42
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
Date: 2015-10-02 11:30:38
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
Date: 2015-10-02 11:25:50
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
Date: 2015-10-02 11:03:37
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
Date: 2015-10-02 10:38:07
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
Date: 2015-10-02 09:47:04
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
Date: 2015-10-02 07:36:03
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
Date: 2015-10-01 11:40:47
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
Date: 2015-10-01 11:30:47
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
Date: 2015-10-01 11:26:13
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
Date: 2015-10-01 11:25:59
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
Date: 2015-10-01 11:18:00
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
Date: 2015-10-01 11:15:42
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
Date: 2015-10-01 11:11:58
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
Date: 2015-10-01 11:10:41
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?
Date: 2015-10-01 10:12:38
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
Date: 2015-10-01 09:18:42
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
Date: 2015-10-01 09:16:54
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
Date: 2015-09-30 11:55:58
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
Date: 2015-09-30 11:42:16
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
Date: 2015-09-30 11:33:34
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
Date: 2015-09-30 11:33:08
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
Date: 2015-09-30 11:32:50
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
Date: 2015-09-30 11:30:33
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
Date: 2015-09-30 11:28:08
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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