News and articles

Invoicing with value limits

Those businesses that don’t follow this year’s tax rule changes are risking serious fines – warn the experts of MAZARS. In the past the tax number of a product’s buyer...

Read more

Hungary lost a lot because of the sanctions against Russia

Minister of Foreign Affairs and Trade Péter Szijjártó told Russian daily Kommersant that Hungary lost USD 6.5 billion because of the economic sanctions imposed against Russia. The minister hopes that...

Read more

Client Gateway risks

The tax authorities more and more frequently inform businesses about tax inspections by sending an e-mail via the Client Gateway (Ügyfélkapu) system. The problem is that while these letters were...

Read more

A big gun enters the Hungarian market

In November 2016 Spain-based Natur House, one of the most dynamically growing European franchise networks entered the Hungarian market. In Hungary NaturDiet Zrt. represents the healthy and weight loss diet...

Read more

Efficient NAV

In 2016 the reformed, customer-oriented National Tax and Customs Administration (NAV) put HUF 12,793 billion into the national budget, HUF 31 billion more than originally expected by the government. Secretary...

Read more

Magazine: Quality relationship

XO foods was the main sponsor of the guild’s end-of-year gala dinner. Head of sales in the Hungarian market, Martin Hanák told our magazine that they decided to sponsor the...

Read more

Revival

Soon winter is over and after the rather slow January-February period, the Hungarian food industry will speed up again. General expectation is that the sector’s output will continue to increase...

Read more

As many consumer habits as store types

In cooperation with GfK, Coca-Cola HBC Magyarország Kft. tried to answer the following question: Why do we go shopping and what influences our buying decisions? György Galántai, general sales manager...

Read more

As many consumer habits as store types

In cooperation with GfK, Coca-Cola HBC Magyarország Kft. tried to answer the following question: Why do we go shopping and what influences our buying decisions? György Galántai, general sales manager...

Read more

Franchise superior 2016

On 19 January 2017 the Hungarian Franchise Association announced the eight category winner franchisors and franchisees. András Tóth, president of the Hungarian Franchise Association T.M.: – How do you assess...

Read more

The fall in prices may begin with lettuce and cabbage

The high fruit and vegetable prices may be broke down by the appearance of the domestic version of the most cold-tolerant leafy vegetables (salads, brassicas) at the end of March...

Read more

GKI: the growth of the sentiment index stopped in February

After a three-month increase, the improvement of the GKI sentiment index has stopped in February. The business expectations have not changed, while the consumer expectations deteriorated slightly. The index fluctuates...

Read more

The Chamber of Agriculture would reduce the VAT rate for cereals to 5 percent

The Chamber of Agriculture (NAK) suggests to reduce the VAT rate for cereals to 5 percent if the European Union does not allow reverse VAT payment after 2018. With this...

Read more

EU’s agri-food exports increased significantly in 2016

The European Union’s agri-food exports increased outstandingly in 2016, exceeding the previous year’s figure with 1.7 billion euros, reaching 130.7 billion euros – the European Commission said on Monday. According...

Read more

The number of card-accepting terminals may increase with 25-33 percent

This year an explosive growth is expected in the number of card accepting terminals – privatbankar.hu wrote. In Hungary, credit card acceptance points appeared with the development of the dual...

Read more

KSH: the improvement in employment came to a halt during the winter months

Between November 2016 and January 2017, the average number of employees was 4 million 401 thousand, 161 thousand more than the year before. The data shows a slight decrease of...

Read more

Applicants for rural development receive free assistance

The free services of the Széchenyi Program Office were expanded. The applicants of the rural development funds can receive free information and advice on development – the Prime Minister’s Office...

Read more

Nearly 700 million HUF for irrigation water quality research

The Ecology Research Centre of the Hungarian Academy, the National Public Health Center, the Agricultural Research Centre of the Hungarian Academy of Sciences (MTA) and the Smaragd GSH Kft jointly...

Read more

Wal-Mart reduces its prices

Wal-Mart has launched a new price comparison test in nearly 1,200 of its shops. The goal is to compete with the discount chains – portfolio.hu wrote. Wal-Mart launched the price...

Read more

Economic and business sentiment improved in the euro area in February

The European Commission’s business sentiment index and economic indicator improved in the euro area in February. A separate business confidence indicator, which points to the phase of the business cycle,...

Read more

Costes has become the Restaurant of the Year in 2016

The Costes Restaurant led by chef Palágyi Eszter won the Volkswagen-Dining Guide Restaurant of the Year award on the basis of its 2016 performance at the awards ceremony on Monday...

Read more

The world’s best beaches

Millions of tourists evaluated the beaches on an international travel review site – penzcentrum.hu wrote. The world’s leading travel review site, the Tripadvisor handed over the award, rewarding the world’s...

Read more

Vending machines to have online connection with NAV’s IT system

AFE unit is ready and waiting for authorisation  Vending machines to have online connection with NAV’s IT system  A so-called vending machine supervision unit (AFE) is ready and waiting for...

Read more

Iceballoons – Video of the day

Mixologist Xavier Herit of Daniel restaurant demonstrates how to make round ice cubes using specialty trays and basic party balloons....

Read more

A big gun enters the Hungarian market

In November 2016 Spain-based Natur House, one of the most dynamically growing European franchise networks entered the Hungarian market. In Hungary NaturDiet Zrt. represents the healthy and weight loss diet...

Read more

Magazine: Horeca welcome!

Our magazine interviewed METRO Hungary CEO Imre Horváth. T. M.: – How did METRO support the Hungarian Bocuse d’Or team? – METRO has been an official supporter of the Bocuse...

Read more

NGM: retail sales are expanding for forty-two months

While retail sales are expanding for forty-two months, consumption has expanded at a rate has not seen since 2003 in 2016, thanks to improving employment indicators and the low inflation...

Read more

K&H: agricultural enterprises expect growth

The majority of agricultural companies expect increase, their investment intentions are also stronger than the investment intentions of other companies, but they expect to face many challenges in the coming...

Read more

FM: 5 billion HUF is given to the farmers to alleviate agricultural damages

The Ministry of Agriculture (FM) provides approximately 5 billion HUF to 3300 farmers to alleviate agricultural damages, due to the bad weather of last year – the FM told MTI...

Read more

Aldi: the company’s private label products have the same quality in all countries

There are no differencies between the quality of the company’s products sold abroad or domestically. However, the manufacturers of the international brands sold by the chain are responsible for the...

Read more
Oldal