Company and Personal News
Information is power – on product labels too
In the case of special products many manufacturers advertise their products with its composition – ingredients they have or don’t have. László Kun, head of industrial sales with Bizerba Scales...
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The ministry is committed in the promotion of the Hungarian milk
After the termination of the milk quota system, the Ministry considers to stimulate the demand for healthy high-quality Hungarian milk and dairy products as the main task – Czerván György...
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Branded private label products in the Auchan
The 17-year-old Auchan Magyarország Kft. has signed a strategic cooperation with the ”MAGYAR TERMÉK” Nonprofit Kft. (“HUNGARIAN PRODUCT” Nonprofit Ltd.) so 101 of the chain's own branded products have Hungarian...
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The Parliament adopted the amendments to the advertising tax
The rate on advertising tax remains zero percent after no more than 100 million HUF tax base. But above, every firms will have to pay 5.3 percent tax. The changes...
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The National Trading House would reduce the milk supply by 15 million liters
The state-owned Hungarian National Trading House Inc. is expected to buy 15 million liters of milk powder and butter milk in June and July – agrarszektor.hu wrote. With the transaction,...
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The Millward Brown has published the list of the most valuable brands
The Millward Brown created the list of the 100 most valuable brands, based on wide-ranging consumer surveys – the portfolio.hu wrote. Due to the extraordinary popularity of the iPhone 6...
Read moreThe day of Hungarian wine and champagne will be held for the first time
The day of Hungarian wine and champagne will be held for the first time all across the country on June 27. The day of Hungarian wine and champagne event series...
Read moreKSH: 4.5 percent less investments in the first quarter
Due to the high base, the volume of investments fell by 4.5 percent in the first quarter, compared to the first quarter of the previous year, when a total of...
Read moreAt least twenty cigarettes will be in a pack from the middle of next year
A cigarette pack can contain at least twenty, but not more than twenty-five cigarettes from 20 May 2016 – the legislative committee of the National Assembly confirmed on Thursday. The...
Read moreCraft beer will be made in the Abbey of Zirc
Craft beer will be made from the middle of the summer in the Abbey of Zirc – reviving this old tradition of the Cistercian order – Dékány Á. Sixtus abbot...
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Dr. Kornai Gábor received the Advisory Lifetime Achievement Award
The Advisory Division of the BKIK Economic Consulting Services handed over the Advisory Lifetime Achievement Award for the first time. The first recognition was given to Dr. Kornai Gábor, Founder...
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The “bank of good deeds” was opened in China
A “bank” in northeast China has seen residents flocking to open accounts that enable them to exchange good deeds for services. Citizens in Yanji in Jilin Province can accumulate credits...
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Mass customisation: the next chapter in the FMCG market
Today many industries utilise the concept of mass customisation, providing solutions for companies to tune their offers more closely to their customers’ preferences. The concept is the synthesis of craft...
Read moreOKSZ: consumption may increase in the rest of the year
The National Retail Federation (OKSZ) expects growth of household spendings on an annual basis in 2015, but considers that this rate will be lower than in the first quarter of...
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Biomass boiler at Univer
The Kecskemét-based Univer Product Zrt. installed a biomass boiler with the 307 million HUF support of the New Széchenyi Plan’s Environmental and Energy Operational Programme. The company used to produce...
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Strict rules against smoking in China
Almost third of the Chinese population are smokers. Now the Chinese government starts to fight against smoking with stricter than ever measures as well as with the increase of the...
Read moreHungarian CEOs surveyed: the ability to adapt is key
PwC Hungary conducted its Hungarian CEO Survey for the fourth time, in partnership with the Confederation of Hungarian Employers and Industrialists (MGYOSZ) and the Hungarian Association of Executives (MOSZ). 170...
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Hungary is a treasure box of opportunities
Since 15 January 2015 Jean Grunenwald has been Nestlé Hungary’s managing director. Trade magazin asked him, an executive with both regional and international experience, about his professional background, his first...
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2014: major investments and outstanding sales growth by MIRELITE MIRSA Zrt
Since 2011 MIRELITE MIRSA Zrt., a 100-percent Hungarian-owned family company, has invested HUF 1.15 billion in technological and product innovation. The biggest step was taken last year, when the company...
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Stakeholders’ assessment
Dr Péter Vadász, the vice president of MGYOSZ called our attention to two important things in connection with the survey’s results: 1. there was a great increase in the number...
Read moreGKI: Deteriorating business expectations and improving consumer sentiment
May was the fifth month when the GKI-Erste economic sentiment index adjusted for seasonal effects remained unchanged, with some fluctuations, reflecting a relatively optimistic mood. According to the empirical survey...
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Custom premium Ellehammer suitcases in SPAR's latest loyalty action
This spring, the latest SPAR loyalty in action focuses on touring! The promotion was launched on 21 May. This year the custom suitcases, bags and accessories of the prestigious Danish...
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Annual 21 billion HUF can flow into the economy with the growth tax credit
Approximately 18 thousand companies can take advantage of the total of 21 billion HUF worth loans under the growth tax credit program – according to the analysis of Opten business...
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The World Congress of wholesale markets will be held in Budapest
The World Association of Wholesale Markets (WUWM) will held its congress between 27-29 May. The event is organized by the Budapest Wholesale Market and the Market Hall Directorate of the...
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The native buffalo was left out of agricultural subsidies
It seems that the Ministry of Agriculture (FM) made a mistake when the native and endangered animal species like buffalo were missed this year – from the so-called production-linked –...
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Magazine: Analytic Consulting (Part 5) – Promotions: high costs – varying returns
Nielsen vice president Uta Werner and senior vice president Rick Hall are the authors of a study on how to overcome obstacles that are in the way of high-efficiency promotions....
Read moreHungary was the guest of honor at a wine competition in France
The 2010 five-butt Tokaji Aszú of the Pannon Tokaj winery and the Villany-based Bock winery’s Libra Cuvée 2011 red wine won the Special Prize of the international federation of wine...
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The suppliers of the Surjány-Hús Kft. are waiting for their money
The employees of the Surjány-Hús Kft. meat processing plant have received their April salaries yesterday, but the bank does not allow the payment of the contributions of, the suppliers are...
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