News and articles
Coface upgraded Hungary
Hungary has been upgraded by Coface. The credit insurer justified its decision because of the economic growth and the improvement of the business environment. According to Coface’s Thursday announcement, following...
Read moreEight billion forints for half a million liters of hand and facial creams per year
Nearly 7 billion HUF worth, ie nearly 200,000 liters of face cream was sold in the Hungarian stores; hand cream sales are close to 1.5 billion HUF and 300 000...
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The support of cattle breeders was increased by nearly 10 billion HUF
Regarding to the significant over-demand, the Prime Minister’s Office decided to increase the original 20 billion HUF budget to 29.6 billion HUF and the applications of 552 cattle breeders were...
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Nébih: the epidemic preparedness of poultry holders has improved but not yet enough effective
Although the poultry holders have improved their preparedness for disease control, the overwhelming majority of them continue to meet only the minimum conditions for replanting required by the authority –...
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Another, early wage increase in Auchan with an investment of over 2 billion forints
Thanks to the results of the past years and the planned expansion, Auchan plans to increase the number of its staff. The management of Auchan Retail Magyarország agreed on Tuesday...
Read moreAnalysts: September inflation is lower than expected
The September consumer price index has become lower than the market expectations, but the increase in core inflation reflects the growing domestic demand, but mostly the growth of the excise...
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A SPAR room was opened at the Buda Campus of the Szent István University
A modern teaching room was handed over with SPAR’s support of over 4.5 million forints at the Faculty of Food Sciences at the Szent István (St. Stephen’s) University. The development...
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FM: the Visegrád and the Baltic countries have stood up for the preservation of EU agricultural subsidies
The Visegrád and Baltic countries jointly agreed to maintain a strong, two pillar common agricultural policy (CAP) on Monday in Luxembourg at the Agriculture and Fisheries Council meeting – the...
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The Vasi wild pear pálinka was given origin protection
The Vasi wild pear pálinka has become an origin protected product, within the Origin Protection Program – the Minister of Agriculture announced at the press conference in Budapest in the...
Read moreThe IMF improved Hungary’s GDP growth forecast for this year and for the next year
The International Monetary Fund has improved Hungary’s GDP growth forecast for this year and next year in its autumn global economic forecast. According to the World Economic Outlook, October 2017...
Read moreDisadvantaged regions can become the engine of developing economies
Disadvantaged regions can become the engine of developing economies. These regions have significant growth potential in food production and other related industries, according to a recent summary of the Food...
Read moreThe giant pumpkin record may be over 900 kilograms
A man from Utah who has loved giant pumpkins since childhood is trying to set a state record for the second time with a nearly 907-kilogram gourd he’s been tending...
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On the way of turning into a major company
With a volume growth of 660 million HUF and a income growth of 16 percent, Kulcs-Soft is fast turning into a major domestic company producing softwares. Compared to the first...
Read moreKSH: tourism grew by 3 percent in August
In August, the number of guest nights spent by foreign guests increased by 3.8, while domestic guests spent 2.3 percent more guest nights at commercial accomodations, compared to the previous...
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Ireland’s drunk puppet – Video of the day
Seeing a drunk man wandering the streets of Ireland is hardly newsworthy. But seeing a GIANT DRUNK PUPPET, now that’s something! A giant puppet merrily loitered around the village of...
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Sectoral Skills Council
Upon request from the Ministry for National Economy, the Hungarian Chamber of Commerce and Industry (MKIK) has recently started developing the so-called Sectoral Skills Council (ÁKT) system. With these councils the...
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(HU) Nemzetközi retail hírek, hazai elismerésekkel
Sorry, this entry is only available in HU....
Read moreKSH: inflation slowed down in September
In September, consumer prices were on average 2.5 percent higher than last year, after the 2.6 percent of the previous month. Compared to August, prices increased by an average of...
Read more2017 is the “century’s” vintage
Although the calendar is still in the beginning of October, the “big harvest” ends in the majority of wine regions this weekend, so in the Varga Winery. The yield has...
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SPAR won Superbrands Award
SPAR Magyarország won one of the most important international brand evaluation award, the Superbrands title for the ninth time. In addition to the expert jury, the organizers were also interested...
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Intersnack continues to be the largest Hungarian spice paprika exporter
The manufacturer of Chio products, the Intersnack, buys 200 tons of spice paprika in Hungary this year and continues to be one of the largest Hungarian pepper paprika exporters. The...
Read moreTesco fights against breast cancer together with its customers
Almost eight thousand new patients are diagnosed with breast cancer every year in Hungary. Tesco joins again to the GoPink! international campaign in October to raise awareness of breast cancer...
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Csányi Sándor is expanding the Bonafarm Group with a new company
Csányi Sándor, Chairman and CEO of OTP, integrates the Pápa-based Agroprodukt Zrt. into the Bonafarm Group. The company has recently become the businessman’s interest. The structure of the Bonafarm Group...
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The Bio-Fungi Kft. is planning a 5-10 percent growth this year
One of the most significant Hungarian mushroom producing companies, the Bio-Fungi Termelő és Kereskedelmi Kft. (Bio-Fungi Producer and Trading Ltd.) plans to increase its sales revenue by 5 to 10...
Read moreThe Disznótoros Sausage Festival to be held in Budapest for the fourth time
For the fourth time, the Disznótoros Sausage Festival will be held in Budapest in the Hungarian Railway History Park, where, besides family programs and folklore programs, a sausage fair and...
Read moreA boom on the luxury goods market
The LVMH, owner of the Louis Vuitton and the Italian textile manufacturer Loro Piana released outstanding results in the third quarter, suggesting that the market for luxury goods continues to...
Read moreThree million HUF worth cigarettes were found in a converted car at Beregsurány
About three million forint worth cigarettes were found in a car converted into a smuggler vehicle by the finance officers of the National Tax and Customs Administration (NAV) at the...
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What fits into a kitchen?
The last few years brought rapid technological development in the world of machinery and equipment for professional kitchens. We learned from Sándor Gál, owner and director of Assur Kft. that there are...
Read moreIn the first eight months, the number of guest nights grew by 6.3 percent in Romania
In the first eight months of this year, the number of guest nights increased by 6.3 percent to 18.788 million, compared to the same period of last year, according to...
Read moreTourism agency: the government adopted the tourism development strategy
The government adopted the tourism development strategy last week. It will be presented at the International Summit Tourism Conference on 16 October – Bánhegyi Zsófia, Deputy Chief Executive Officer of...
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