Market News
Scientist found the oldest tea in Britain
The discovery of the oldest known specimen of the nation's favourite drink has proved Britons' love affair with tea dates as far back as the 1700s. The dried green tea...
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Personalised cosmetics from Yamuna
A new service from natural cosmetics company Yamuna Kft. in their online shop: from 20 April body butters and premium, cold-pressed soaps can be ordered with a customised label. Names,...
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Information is power – on product labels too
In the case of special products many manufacturers advertise their products with its composition – ingredients they have or don’t have. László Kun, head of industrial sales with Bizerba Scales...
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CD enters the market
Traditional German cosmetics brand CD enters the Hungarian beauty product market. The CD Reinheitsgebot marking they use on products guarantees that these cosmetics are free from parabens, silicone, mineral oil,...
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Information is power – on product labels too
In the case of special products many manufacturers advertise their products with its composition – ingredients they have or don’t have. László Kun, head of industrial sales with Bizerba Scales...
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The ministry is committed in the promotion of the Hungarian milk
After the termination of the milk quota system, the Ministry considers to stimulate the demand for healthy high-quality Hungarian milk and dairy products as the main task – Czerván György...
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The Parliament adopted the amendments to the advertising tax
The rate on advertising tax remains zero percent after no more than 100 million HUF tax base. But above, every firms will have to pay 5.3 percent tax. The changes...
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The National Trading House would reduce the milk supply by 15 million liters
The state-owned Hungarian National Trading House Inc. is expected to buy 15 million liters of milk powder and butter milk in June and July – agrarszektor.hu wrote. With the transaction,...
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The Millward Brown has published the list of the most valuable brands
The Millward Brown created the list of the 100 most valuable brands, based on wide-ranging consumer surveys – the portfolio.hu wrote. Due to the extraordinary popularity of the iPhone 6...
Read moreKSH: 4.5 percent less investments in the first quarter
Due to the high base, the volume of investments fell by 4.5 percent in the first quarter, compared to the first quarter of the previous year, when a total of...
Read moreAt least twenty cigarettes will be in a pack from the middle of next year
A cigarette pack can contain at least twenty, but not more than twenty-five cigarettes from 20 May 2016 – the legislative committee of the National Assembly confirmed on Thursday. The...
Read moreCraft beer will be made in the Abbey of Zirc
Craft beer will be made from the middle of the summer in the Abbey of Zirc – reviving this old tradition of the Cistercian order – Dékány Á. Sixtus abbot...
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The “bank of good deeds” was opened in China
A “bank” in northeast China has seen residents flocking to open accounts that enable them to exchange good deeds for services. Citizens in Yanji in Jilin Province can accumulate credits...
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Mass customisation: the next chapter in the FMCG market
Today many industries utilise the concept of mass customisation, providing solutions for companies to tune their offers more closely to their customers’ preferences. The concept is the synthesis of craft...
Read moreOKSZ: consumption may increase in the rest of the year
The National Retail Federation (OKSZ) expects growth of household spendings on an annual basis in 2015, but considers that this rate will be lower than in the first quarter of...
Read moreStrict rules against smoking in China
Almost third of the Chinese population are smokers. Now the Chinese government starts to fight against smoking with stricter than ever measures as well as with the increase of the...
Read moreHungarian CEOs surveyed: the ability to adapt is key
PwC Hungary conducted its Hungarian CEO Survey for the fourth time, in partnership with the Confederation of Hungarian Employers and Industrialists (MGYOSZ) and the Hungarian Association of Executives (MOSZ). 170...
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Stakeholders’ assessment
Dr Péter Vadász, the vice president of MGYOSZ called our attention to two important things in connection with the survey’s results: 1. there was a great increase in the number...
Read moreGKI: Deteriorating business expectations and improving consumer sentiment
May was the fifth month when the GKI-Erste economic sentiment index adjusted for seasonal effects remained unchanged, with some fluctuations, reflecting a relatively optimistic mood. According to the empirical survey...
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Annual 21 billion HUF can flow into the economy with the growth tax credit
Approximately 18 thousand companies can take advantage of the total of 21 billion HUF worth loans under the growth tax credit program – according to the analysis of Opten business...
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The native buffalo was left out of agricultural subsidies
It seems that the Ministry of Agriculture (FM) made a mistake when the native and endangered animal species like buffalo were missed this year – from the so-called production-linked –...
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Magazine: Analytic Consulting (Part 5) – Promotions: high costs – varying returns
Nielsen vice president Uta Werner and senior vice president Rick Hall are the authors of a study on how to overcome obstacles that are in the way of high-efficiency promotions....
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The NAV uncovered a nearly 400 million HUF VAT fraud
The inspectors of the National Tax and Customs Administration (NAV) eradicated the activities criminal organization dealing with meat, who lured nearly 400 million HUF VAT. The financial investigators seized the...
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Subsidized agricultural insurance until the end of June
The Ministry of Agriculture extends the deadline of the grant applications for the increasingly popular subsidized agricultural insurances with one month. The new deadline is 30 June 2015. The agricultural...
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The French law banning food waste would have a global effect
The French law on banning food waste that was accepted last week would raise the law to a global level. The started of the initative Arash Derambarsh, municipal councilor of...
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Hungarian trading house opens in the Sudan
On 21 March 2015 a Hungarian trading house opened in the Sudan. The new trading house also deals with business matters in Libya, Chad, Somalia, Eritrea, Ethiopia, South Sudan and...
Read moreAnalysts expect the further expansion of household consumption
Analysts said that due to the low inflation and rising real wages, the private consumption may increase substantially. According to the recently published data of the Central Statistical Office (KSH)...
Read moreThe cattle exports to Turkey can reach the volumes of the beginning of the decade
The cattle exports to Turkey can reach the volumes of the beginning of the decade – Budai Gyula, Ministerial Commissioner of the Ministry of Foreign Economy and Foreign Affairs told...
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Millions are affected by lactose intolerance in Hungary
Summer is finally here, the long-awaited ice cream season has started, and soon we can eat from our favourite scones on the beach as well. However, this pleasure can be...
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Nébih: the majority of producers follow the rules
According to the experiences of the National Food Chain Safety Office (Nébih) in the last two years, the majority of farmers (80-90 percent) became the follower of rules – Helik...
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