News and articles
A new city district can be built next to the WestEnd
Date: 2018-02-13 10:30:32
The Gránit Pólus is planning a development in the most prosperous area of Central and Eastern Europe and Budapest – Világgazdaság Online wrote. The western city center is the largest...
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Chinese-Hungarian agrarian relations may be expanded
Date: 2018-02-13 10:10:33
The delegation from the Chinese Autonomous Province of Ningxia-Huj was informed about the results of the grape wine and the grain results in Hungary and the possibilities of professional cooperation...
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Waberer’s: Growth continues in the rest of the year
Date: 2018-02-13 09:32:29
Waberer’s International Plc. expects growth to continue in the last quarter and the expected results will be fulfilled in 2017, on the basis of the favorable third quarter. Lajkó Ferenc,...
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Magazin: More land used to grow wheat on the Northern Hemisphere
Date: 2018-02-13 07:05:07
Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) revealed that farmers will soon finish sowing wheat seeds on the Northern Hemisphere. According to...
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SPAR helped hundreds of thousands people
Date: 2018-02-12 11:26:46
SPAR spent about 170 million HUF on social initiatives and charitable purposes in 2017. For many years, the company has been focusing on supporting communities and organizations involved in public...
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Fraudulent webshops are suspected of offering cheap products
Date: 2018-02-12 11:10:43
Fraudulent webshops are fundamentally different from those that work regularly, that they are offering their products remarkably inexpensively, and their appearance is very simple – the Quadron Kibervédelmi Kft. told...
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Thirty Hungarian wines were included in this year’s wine selection of the Ministry of Foreign Affairs
Date: 2018-02-12 11:10:01
This year’s wine selection of the Ministry of Foreign Affairs (KKM) includes 30 high quality Hungarian wines, representing the Hungarian wine culture at foreign missions and KKM diplomatic events. Wines...
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Nébih punishes with grant-deduction
Date: 2018-02-12 11:06:47
Approximately 3,000 farmers can count on the deduction of subsidy due to the fact that they have not submitted electronic business report (webGN) to the National Food Chain Safety Office...
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Employees with a changed ability to work are good for the companies
Date: 2018-02-12 11:05:41
This year, a company with more than 25 employees who does not employ a sufficient number of people with reduced working capacity has to pay 1,242,000 HUF rehabilitation allowance –...
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Heineken’s profits increased last year
Date: 2018-02-12 11:04:40
The Heineken beer company’s operating profit excluding one-off items rose 6.2 percent to 3.759 billion euros last year, which was broadly in line with the analysts’ expected 3.75 billion euros...
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New bacterial strain in organic farming
Date: 2018-02-12 11:04:34
Scientists from the University of Szeged (SZTE) found a new bacterial strain that can be used in organic farming. The patented strain is naturalized by one of the largest biocontrollers...
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Soon, whiskey can be produced by using wind power
Date: 2018-02-12 11:01:52
Brown-Forman, producer of Jack Daniel’s, has contracted an energy company in Kansas. The Solomon Forks wind farm will soon provide nearly all of the beverage manufacturer’s electricity demand from wind...
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Fake cow registrations in the Netherlands
Date: 2018-02-12 11:00:45
Signs of fraud in the registering of dairy cows were found at 2,100 cattle farms, Minister Carola Schouten of Agriculture, Nature and Food Quality announced in a letter to the...
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World food prices fell in November
Date: 2018-02-12 10:48:51
World food prices declined. The food price index calculated by the United Nations Food and Agriculture Organization (FAO) dropped by 0.5 percent, to 175.8 points from the previous 176.6 points....
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The low-grade Chinese honey will be controlled more strictly
Date: 2018-02-12 10:40:22
In the future, the Hungarian National Beekeeping Association (OMME) and the National Food Chain Safety Office (Nébih) will pay more attention to the quality control of honeys sold in Hungary...
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Magazine: Strong Swedish presence in Hungary
Date: 2018-02-12 07:43:21
At the moment there are about 180 Swedish companies present in Hungary and they employ approximately 17,000 people. Márta Böddi, the office manager of Business Sweden in Budapest told our magazine...
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Experience, personalised shopping, technological innovations
Date: 2018-02-10 23:30:26
Analysts say online sales will become 2-3 times bigger in Hungary in just 5 years’ time. In addition to technological innovations, it is also important that online retailers can now...
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Members of Generation Y use gadgets 11 hours a day
Date: 2018-02-10 23:23:54
The so-called Millennials – members of Generation Y – use various digital devices 11 hours a day, revealed a survey conducted by Nielsen in the United States. It turned out...
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Hungarian consumer confidence at a 10-year peak
Date: 2018-02-10 23:15:10
In the 3rd quarter of 2017 the Hungarian consumer confidence index reached another record height with 76 points. The European average was 87 points – revealed a 63-country online survey...
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CEOs are optimistic all over the world
Date: 2018-02-10 23:01:23
Between August and November 2017 PwC interviewed 1,293 CEOs in 85 countries, within the framework of the company’s 21st Global CEO Survey. Results were revealed at the World Economic Forum in...
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Face masks and plant-based yogurt are flying high
Date: 2018-02-10 23:00:05
Combined sales of the 5 biggest drug and food categories amounted to nearly HUF 30 billion between December 2016 and November 2017. Face mask sales skyrocketed with plus 108 percent...
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Good end-of-year performance from retail trade
Date: 2018-02-10 22:53:15
In December 2017 like-for-like retail volume sales augmented by 4.7 percent; adjusted for calendar effects, the sales growth was 5.9 percent – reported the Central Statistical Office (KSH). Food and...
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PLMA president predicts that private label products will continue strengthening in 2018
Date: 2018-02-10 22:52:01
Our magazine interviewed PLMA president Brian Sharoff. Trade magazin: – What will be the main trends in the private label segment in 2018? Brian Sharoff: – Retail chains will keep...
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Prices grew by 2.4 percent on average last year
Date: 2018-02-10 22:46:10
In December 2017 consumer prices were 2.1 percent higher than in December 2016. Food prices increased by 3.5 percent. The price of egg soared by 39.4 percent, dairy products’ price...
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GKI’s economic sentiment index improves further
Date: 2018-02-10 22:24:47
The GKI economic sentiment increased again in January 2018, having reached a historic peak at the end of 2017. This January the business confidence index only rose within the margin...
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Many wet condiments to choose from
Date: 2018-02-10 21:31:15
Easter – just like Christmas, New Year’s Eve and the summer barbecue season – is an important period in wet condiment sales. The main places for buying these products are hypermarkets...
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Franchise Fair 2018
Date: 2018-02-10 17:13:56
On 1 February 2018 the Hungarian Franchise Association organised its Franchise Fair. More than two dozen networks introduced themselves at the event, which was a great success. Most of the exhibitors were...
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Home delivery may become more expensive this year
Date: 2018-02-10 17:02:45
In the 3rd quarter of 2017 prices were growing rapidly for postal and courier services in Hungary, by nearly 10 percent. According to Ádám Bengyel, the CEO of Hungary’s No.1 parcel...
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Hungarian company structure continues to consolidate
Date: 2018-02-10 16:58:19
In 2017 about 40,000 companies were deleted and 27,000 new ones were founded in Hungary. The number of companies has been decreasing for 5 years now. According to Richárd Pertics, business unit...
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