News and articles
Nébih punishes with grant-deduction
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...
Read more
Employees with a changed ability to work are good for the companies
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 –...
Read moreHeineken’s profits increased last year
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...
Read moreNew bacterial strain in organic farming
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...
Read more
Soon, whiskey can be produced by using wind power
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...
Read more
Fake cow registrations in the Netherlands
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...
Read more
World food prices fell in November
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....
Read moreThe low-grade Chinese honey will be controlled more strictly
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...
Read moreTourism Agency: tourism achieved outstanding results last year
The tourism industry in Hungary has achieved remarkable results last year, and the number of guest nights has expanded by more than 6 percent in the past four years, the...
Read more
Gluttonous Thursday at the Lake Balaton
The self-organized Gluttonous Thursday will be held on the 15th of February, in 25 sttlements of the region and lasts for several days at some places – Győrffy Árpád main...
Read more
Chinese tourists to conquer the world
In recent years, tourism has generated a lot of money globally. Only in 2016 the sector has contributed to the world economy with 7600 billion USD and this number will...
Read moreBudapest is among the ten best European destinations
With 17,745 votes Budapest has become 8th surpassing Lisbon, Paris, Amsterdam, Prague, Vienna, Barcelona and London on the list of the European Best Destinations. The voting took place between January...
Read more
TV in the kid’s room makes them fat!
According to a recent study, about half of American children have a TV in their room at the age of seven, but the 24-hour TV usage cannot be controlled by...
Read more
Magazine: Strong Swedish presence in Hungary
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...
Read more
Experience, personalised shopping, technological innovations
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...
Read more
Members of Generation Y use gadgets 11 hours a day
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...
Read more
Hungarian consumer confidence at a 10-year peak
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...
Read more
CEOs are optimistic all over the world
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...
Read more
Face masks and plant-based yogurt are flying high
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...
Read more
Good end-of-year performance from retail trade
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...
Read more
PLMA president predicts that private label products will continue strengthening in 2018
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...
Read more
Prices grew by 2.4 percent on average last year
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...
Read more
GKI’s economic sentiment index improves further
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...
Read more
Many wet condiments to choose from
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...
Read more
Franchise Fair 2018
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...
Read more
Home delivery may become more expensive this year
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...
Read more
Hungarian company structure continues to consolidate
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...
Read more
Trends in 2018 around the globe
At the end of 2017 Auchan opened several hundred 18m² self-service shops in China, which sell only 500 products – mainly fresh and food-to-go products. Shell and Costa Coffee have...
Read more
Peer-to-peer retail’s influence on the FMCG sector
Digital peer-to-peer (P2P) retail is conquering Europe at an ever-increasing speed – reported Eurostat. Consumers more and more frequently use services that make the selling and buying of products or services...
Read more
The most valuable international FMCG brands on the Hungarian internet in 2017
Neticle is a system that collects the occasions when brands are mentioned online and in social media, and analyses the opinions automatically. Relying on this Neticle has made two rankings: one...
Read more
