Market News
The government calls for joint EU action against tax evasion
The EU countries should act against tax evasion in a coordinated way, by learning from each other- the National Economy Ministry (NGM) emphasized on Tuesday. Rákossy Balázs, Minister of State...
Read moreSmuggled cigarettes were found in Magosliget
More than 24 million HUF worth smuggled cigarettes were found in Magosliget by the police – the press officer of the Szabolcs-Szatmár-Bereg County Police told MTI on Tuesday. Fehérvári Marietta...
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Hungarian brands’ successful marketing at Budapest Airport
Pick Szeged Zrt. has implemented its most successful campaign ever in the SkyCourt of Budapest Airport. In the one-month period hostesses, dressed in traditional Hungarian garments, were offering Hungarian winter...
Read moreShrinking proportion of PL products in the USA
An annual Deloitte survey revealed that in 2015 65 percent of US consumers are willing to give private label products a try – this ratio is 8 percent smaller than...
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COPA elected Hungarian vice president
NAK expert Dr Sándor Kukovics was elected vice president of COPA’ sheep and goat working group. Mr Kukovics will fill the position for two years. British member Charles Sercombe was...
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Messe Düsseldorf: a good year
Messe Düsseldorf’s sales revenue was a better than expected EUR 411.5 million in 2014; consolidated result after taxes amounted to EUR 57.7 million. The biggest proportion of this was generated...
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GKI: Improving business, deteriorating consumer expectations
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Read moreNot only the weather does affect the beer sales
Hungary’s leading brewery, the Dreher Breweries closed this summer with a double-digit sales growth, compared to last year. The company could achive this growth in addition to the promotion of...
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The Dry Tokaji Furmint has an own-branded glass
The Dry Tokaji Furmint was given an own-branded glass that enhances the flavors of the wine – the Kossuth Rádió reported on Monday. The unique wine chalice was designed by...
Read moreEurope-wide competition for talented labor force
The emigration of the talented labor force causes serious tensions in the domestic labor market and the Hungarian companies have to battle with their European competitors to retain workers. The...
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Sample webstore and online research lab helps the consumer protection authority
The project supporting the development of consumer protection will be completed in late September. The EU contributed with 350 million HUF to the project – Szente István, Director-General of the...
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Green energy use should be doubled by 2020
About 6.6 percent of the Hungarian energy consumption comes from green energy. Hungary has to double its performance in the next five years to approach the National Reform Programme’s 14.65...
Read moreThe EU can provide guidance for carriers to the situation due to the border closures within weeks
The European Union is expected to provide guidance to member countries and international carriers to treat the increased driving time, due to the grievous border crossings – Pencz Zoltán, Secretary-General...
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The sector is waiting for steps to be taken
The Federation of Hungarian Food Industries (ÉFOSZ) published a statement that welcomes the new development strategy for the food industry, but at the same time warns that small and medium-sized...
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Promotions for an optimal sales performance
In July 2014-June 2015, from every HUF 100 spent in the 10 highest-turnover grocery categories 45 were used to buy products in promotion. This means that the value of promotional...
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Magazine: A life lived with boreout symptoms turns again itself after a while!
Ági is 27 years old and she is suffering from burnout. She is an economist and a corporate management expert. She speaks German, English and French and she has been...
Read moreMagazine: Always aiming higher!
Hilltop Neszmély Zrt. adapts to changing market demand very well. The winery is always leading the way in innovation and we asked co-owner Ákos Kamocsay about the secret behind their...
Read moreA decline in grain prices from August
A significant price decrease was observed in the past month in case of this year's domestic wheat and corn yields – and at all the other arable crops in general...
Read moreSix million tonnes of corn crop is expected
This year's corn harvest will be about six million tonnes because of the summer heat has significantly reduced the volume of the crop – the Minister of Agriculture said in...
Read moreThousands of visitors are expected to the Honey Festival in Kaposvár
The organizers of the 9th Honey Festival in Kaposvár expect thousands of visitors. The two-day honey festival begins on Friday. In addition to the traditional parade honey producers professional performances,...
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Significantly expanding resources in children nutrition
In next year's budget the children's meals support will increase to 71.7 billion HUF from this year's 58 billion HUF – the Parliamentary Minister of State of the Ministry of...
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KSH: We spend 30 HUF per day on statistics
Every day around the same price for a smaller egg, 30 HUF is spent by the people in Hungary on statistics – the Deputy Chairman of the Central Statistical Office...
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The 2015 Milk Campaign is on
In July 2015 Hungarian Tourism Zrt. started a campaign to promote the consumption of Hungarian milk and dairy products. The Dairy Interprofessional Organisation and Product Council is also partner to...
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Feketelista.hu: more than fifth of Hungary's GDP is by the black economy
The ratio of the black economy is 22.1 percent in the gross domestic product (GDP) of Hungary, which corresponds to the average of the Central European countries – the feketelista.hu...
Read moreKSH: 7.5 million tons of cereals grown this year
This year’s 5.284 million tons of wheat is 0.4 percent more than in 2014 and 19.1 percent higher than the average yield of the past five years. The barley harvest...
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FM: almost 4 billion HUF to support dairy farmers
The dairy farmers receive nearly four billion HUF support this year. In addition to the extraordinary, 2.9 billion HUF EU agricultural subsidies, the government gives more than one billion HUF...
Read moreAssociation of Grain Producers: this year was favorable to the winter cereals
This year's autumn favored the cultivation of cereals – the President of the National Association of Grain Producers (GOSZ) told MTI on Thursday. Vancsura József by commenting the 2015 data...
Read moreWinter wheat world record with Syngenta
Lincolnshire farmer Tim Lamyman has beaten the world winter wheat yield record by harvesting a whopping 16.5 t/ha from a brand new variety in his first year growing it. Farming...
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The Nébih withdrew rice flour containing gluten
The National Food Chain Safety Office (Nébih) ordered the withdrawal of three rice flour produced by the Szarvasi Agrár Zrt. – the Nébih told MTI on Thursday. The health risk...
Read moreThe freighters request the restoration of the 18 years age limit from the European Commission
The National Freighters’ Industrial Corporation of Private Entrepreneurs (NiT Hungary) turned to the European Commission (EC) and requested the restoration of the 18 years age limit in order to eliminate...
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