Market News
Online auctions work well for Tesco
Tesco Hungary auctioned off more than HUF 150 million worth of equipment online. The company has been selling discarded equipment this way for many years. Generally 85-90 percent of items...
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Milk processing plants should be modernized
The Hungarian milk processing plants should be modernized so the dairy sector will be able fulfill the domestic demand. Mélykuti Tibor the chairman of the Milk Interprofessional Organization and Marketing...
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KSH: 674 million euros export surplus in July
The euro-denominated value of exports increased by 5.4 percent, while the value imports rose by 2.3 percent, compared to a year before. The trade balance surplus amounted to 674 million...
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Deloitte: 66 Hungarian companies among the region's largest firms
This year 66 Hungarian companies were able to be included to Deloitte’s Top 500 list, 3 more than last year. The consolidated sales revenue of the 66 Hungarian companies 89.6...
Read moreInternet Hungary: digitization can eliminate 40 percent of the companies within five years
Within three years super-fast internet will operate all over Hungary. This is vital for social and economic development, because the IT industrial revolution permeates all areas of our lives. Those...
Read moreManpower: 14 percent of employers plan staff increase in the next three months
Fourteen percent of employers plan staff increase in the next three months – according to the forecast of Manpower, especially in the hospitality industry in the field of production and...
Read moreEuropean companies concerned about a slowdown in China's reform
China’s leaders must follow through on delayed efforts to reform the economy if they want to engineer a soft landing to its growth slowdown, a European business group warned on...
Read moreSmuggled cigarettes were seized in Fehérgyarmat and in Nyíregyháza
More than 34 million HUF worth smuggled cigarettes were seized by the police in Fehérgyarmat and in Nyíregyháza. Fehérvári Marietta, press officer of the Szabolcs-Szatmár-Bereg County Police told MTI on...
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New meat products from Törökszentmiklós
From HUF 577 million Bábolna Food Industry Kft. developed new meat industry products in Törökszentmiklós. HUF 259.5 million of the total budget was non-refundable EU money. The company primarily targets...
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Limit imposed on the number of non-EU employees
A decree recently issued by Minister for National Economy Mihály Varga limits the number of non-Europe Union citizens who can be employed in Hungary. The decree stipulates that this number...
Read moreMagazin: More light!
A Hungarian invention can prevent the stealing of light bulbs from hotels and restaurants: LB-E27 is an anti-theft spiral that makes it impossible to remove a light bulb from the...
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The Dairy Product Council urges VAT reduction and compensation
The Presidency of the Dairy Interprofessional Organisation and Product Council recommends the following immediate necessary steps to be taken and initiates the Government and Brussels to make the necessary steps...
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Nielsen: favourable trends on the baby food market
In Hungary the baby's food retail turnover increased by 12 percent in value between December to July, compared to the previous comparable period. In terms of diapers and baby-wipes Nielsen’s...
Read moreHypermarkets may be the winners of the Sunday rest day
There are some major players, that particularly profited from the Sunday store closure, because they are exempted from a series of extra expenditures, while the traffic has not reduced, rather...
Read moreKSH: the consumer price level remained unchanged in August
The consumer price level remained unchanged in August, compared to the same period of last year, while compared with July consumer prices decreased by an average of 0.6 percent –...
Read moreVery good quality grapes in the Villány wine region
Very good quality and average quantity of grapes have grown in the Villány wine region this year, where the harvest of Portugieser is already under way. The harvest started in...
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The world’s leading M2M service provider
For four years now Vodafone has been the world’s leading M2M – machine-to-machine – service provider, revealed Analysys Mason’s M2M Scorecard survey. Vodafone offers M2M services all over the world...
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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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Nobilis: premises development in Mátészalka
Mostly from EU and state funding Mátészalka company Nobilis Zrt. realised a HUF 141-million premises development project. The company specialises in producing and selling dried fruits and nuts. The project...
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Magazine: Documents, seals
It is the task of Dr Ádám Ruszinkó, deputy secretary of state responsible for the tourism sector, to survey how the administrative burden on Horeca businesses can be reduced. The...
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Hungary urges to support the dairy farmers in the EU
In order to help the dairy farmers Hungary will initiate to increase the direct support advances at the Ministerial Summit to be held in Brussels on Monday – the Ministry...
Read moreMVH: 500-600 billion HUF flows into animal breeding
The government defined goals for the coming years that will make Hungary’s agriculture more competitive and more sustainable until 2020. By 2020, 500-600 billion HUF will flow into animal breeding...
Read moreAbout 2.8 million hectoliters of new wine will be made this year
This year, 10 percent more than last year, about 2.8 million hectoliters of new wine will be made in the cellars – the president of the National Council of Wine...
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An increase in the Euro Zone’s and the EU’s retail sales in July
The volume of retail sales increased in the Euro Zone and in the European Union in July. The EU's statistical office (Eurostat) on Thursday reported that according to the seasonally...
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NBH: nearly 950 billion HUF worth contract in the second phase of the NHP
The participating banks in the second phase of the Central Bank's loan growth Programme (NHP) submitted data to the Hungarian National Bank (MNB) about services worth 947.2 billion HUF, of...
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The high-tech firms place the production close to the consumers
The European high technology (hi-tech) companies place the manufacturing base closer to their users from the growth in demand is increasingly put into – according to a global survey conducted...
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New-generation canned food packaging from Tetra Pak
Tetra Pak inaugurated its improved and expanded packaging material factory in Budaörs. The HUF 14-billion development project started back in 2012. In the modernised production facility the company can manufacture...
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Cereal crop processing investment project in Tiszapüspöki
A new greenfield investment in Tiszapüspöki: Tisza-TK Projekt Kft. is going to build a cereal crop processing plant. The project’s budget will be HUF 45 billion, with HUF 9.2-billion coming...
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Magazine: Competitiveness for dinner
At end of May Trade magazine and Chain Bridge Club organised their traditional Business Dinner. The topic was competitiveness and the guests were Ferenc Dávid, general secretary of the National...
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Nielsen: food retail increased both in value and volume
The turnover in the food retail trade achieved more than 1,000 billion HUF between December 2014, and July 2015 in the ninety product categories measured by Nielsen; 4 percent more...
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