Market News
Tobacco farmers should hurry if they want support
The tobacco producers have the opportunity to log in into the Agriculture and Rural Development Office’s new restructuring program until 7 October 2015. It is important for the tobacco producers...
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The greening time limit expires this week
The European Commission decided after a number of Member States' proposals that further amendments will be made to the greening system in the spirit of simplification. So at the end...
Read moreRomanian retail grew over six percent
In the first eight months the Romanian retail sales grew by 6.2 percent, compared to the same period of the last year – the Romanian national statistical institute announced on...
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Magazine: Tobacco products from a single distributor
Tabán Trafik Zrt.’s consortium has been given the rights for operating the new central tobacco product supply system in controversial circumstances. This story may continue in Brussels, but at the...
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Soproni ‘It is more fun to drink it together’ summer promotion – Own Beer Festival 2015
This promotion was realised between 15 June and 20 August 2015 to support sales of Soproni beer’s classic bottle version in the retail and Horeca channels. Those who purchased the...
Read moreTokaj 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...
Read moreDeutsch 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...
Read moreThe 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...
Read moreMagazine: 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....
Read moreHungarian 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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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...
Read moreGfK: 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...
Read moreIncreasing 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...
Read moreThe 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...
Read moreEuropean 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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