News and articles
Optimistic consumers
Germany has a 16-percent share in Hungary’s total food export– in January-October 2016 its value was EUR 1.04 billion, 3 percent more than in the same period of 2015. From...
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Retail sales: increase in value, decrease in volume
In January-October 2016 Hungarian companies sold EUR 211 million worth of food in the Netherlands – this represented 3 percent of our total food export. This sum was 59 percent...
Read moreMagazine: Fierce competition for housewives
Compared with 2015, dishwasher detergent sales increased in 2016. Dishwasher tablet sales contracted a little, while dishwasher gales performed a bit better. Washing-up liquid sales decreased, with large-sized products producing...
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Magazine: Dolce vita
This year the Association of Hungarian Confectionery Manufacturers celebrated its 25th anniversary. President Sándor Sánta told: they have 25 members that are responsible for more than 85 percent of Hungary’s sweets...
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New manager named head of Nestlé’s cereal business line
From 1 January 2017 Tamás Simonics is the head of Nestlé’s cereal business line. Mr Simonics has been a member of the Nestlé Hungary team since 1998. In 2008 he...
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Hungary’s online retail is worth more than a billion euros
This year’s first survey by GKI Digital and Árukereső.hu revealed that online retail sales represented a HUF 310-billion value last year. Online sales expanded by 18 percent in 2016 – Norbert...
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Wine with milk – Video of the day
This restaurant serves its wine in baby bottles. Le Refuge des Fondus is a family-style restaurant in Montmartre, Paris....
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The agricultural sector will be the winner of the digital transformation
The agricultural sector, the Hungarian farmers and food businesses should be the winners of the digital transformation – Feldman Zsolt, Deputy Minister of State of the Ministry of Agriculture (FM)...
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The one-fifth of world’s food production is wasted due to over-consumption and waste
About 20 percent of world’s food production is wasted due to the fact that people consume more than necessary, and a part of the food ends in the trash –...
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The Ministry of Agriculture awarded the participants of the “Save a Garden!” program
The agricultural training institutions of the Ministry of Agriculture also took part in the Year of Gardening program series announced by Fazekas Sándor Minister of Agriculture in 2016. The Ministry...
Read moreK&H: Subdued revenues and profit growth is expected by the SMEs this year
On average, 5.5 percent and 3.2 percent profit growth in revenues is expected by the small and medium-sized enterprises (SMEs) this year – according to the latest data of the...
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Inflation is accelerating in Europe
Consumer prices in the Euro Area increased 1.8 percent year-on-year in January of 2017, following a 1.1 percent rise in December and in line with preliminary estimates. It is the...
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The Tamási-Hús Kft. increased its revenues last year
The bacon producer Tamási-Hús Kft. increased its revenue by about five percent and production by nearly ten percent last year – the Managing Director of the Austrian-owned company told MTI....
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The Growth Loan Program ends
The companies have slightly more than one month left, to claim for the favorable sources of the Growth Loan Program’s for their investments. “The decisions on investments of a significant...
Read moreNew trade offices to be opened abroad
The government initiates the establishment and operation of three additional foreign commercial offices. This time, a total of slightly more than 400 million HUF will be spent on boosting up...
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New CEO in the lead of the Kulcs-Soft Nyrt.
From 1 February Szabó Ervin is the new Chief Executive Officer of the Kulcs-Soft Nyrt. The professional is working in the economic area and IT for 20 years and, he...
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The tourist season in Budapest starts with the World Day of Tour Guides
The World Day of Tour Guides takes place on the last Sunday of February every year. This year several entertaining programs in Budapest welcomes the visitors. Between 23-26 February mainly...
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Tokaj, the Upper Tisza and the Nyírség have become priority tourist development region
The government declared Tokaj, the Upper Tisza and the Nyírség region as a priority tourist development area. The Tokaj, the Upper Tisza and the Nyírség region consists of 105 towns...
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World’s future food security “in jeopardy” due to multiple challenges, report warns
Mankind’s future ability to feed itself is in jeopardy due to intensifying pressures on natural resources, mounting inequality, and the fallout from a changing climate, warns a new FAO report...
Read moreHungary 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...
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Cultural change empowers Orbis growth in the region
“Orbis performance in 2016 clearly confirms our strategy launched in 2014, taking into account not only operating and financial results but also guest and employee satisfaction, network development and other...
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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...
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Tube manufacturing is dynamically evolving in Debrecen
The Debrecen-based Tu-Plast Kft. has dynamically increased its capacity in recent years. The company mainly exports to leading Western European cosmetic companies. The Tu-Plast Kft. reached 4.8 billion HUF revenue...
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The Russian embargo reduced the Hungarian agricultural exports with nearly a hundred million euros
The Russian import ban introduced in 2014 affected the Hungarian agri-food industry badly. During three years, the sector’s exports decreased by nearly one hundred million euros – Magyar Idők wrote....
Read moreThe mountain council to develop a plan to regulate the sale of grapes
The National Council of Wine Communities (HNT) worked out a draft for the regulation on the sale of grapes. The viticulturist interbranch organization plans to publish a new type of...
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The rise in real wages can be 8 percent this year
This year, real wages can increase by 7-8 percent in addition to a 1-1.5 percent inflation rate – Cseresnyés Péter, Minister of State of the Ministry of National Economy (NGM)...
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GfK: the proportion of customers loyal to their banks is increasing
The proportion of customers who are loyal to their banks increased steadily last year, while the proportion of those who are open to change bank is stable; it is around...
Read morePrologis: strong demand stays on the logistics real estate market
Strong tenant demand remains on the domestic logistics real estate market, and because the current stock is saturated, new developments are expected this year – Kemenes László, managing director of...
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