News and articles
Consumer prices rose in the euro zone and stagnated in the EU
According to the data, the EU’s harmonized index of consumer prices (HICP) in the euro area was 0.1 percent in October after the 0.1 percent decline of September in an...
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Jackfruit pálinka at the model farm in Uganda
A Hungarian business delegation is negotiating in Kampala of the possibilities of economic cooperation between Hungary and Uganda – globoport.hu wrote. After the successful negotiations it became apparent that the...
Read moreA weapon was found at an illegal distillery
The finance guards of the National Tax and Customs Administration (NAV) found a home-modified weapon and ammunition in an illegal distillery in Miskolc. When the raid happened the owner was...
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Pernod Ricard calculates with growth
Pernod Ricard SA, the world’s second biggest distilled beverage company, calculates with a 3-percent sales growth this year, performing 1 percent better than last year. In Q1 2015 organic sales...
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Starbucks prepares to enter the Italian market
Starbucks is busy preparing for entering the Italian market. Sources say the coffee giant and Italian businessman Antonio Percassi will sign a contract before Christmas to open the fist coffeehouse...
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Danone’s baby food sales rise in China
In the 3rd quarter Danone did much better in the baby food market than expected. Total sales augmented by 4.6 percent to EUR 5.64 billion. Behind this success there is...
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Coop launches private label products in Denmark
Coop Denmark started selling private label organic groceries. The new product line consists of 150 products and it is called 365. Coop Denmark hopes that sales will grow by EUR...
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Price war continues in the UK
In October Lidl and Aldi improved sales by 18 percent in the United Kingdom. Both Tesco and Asda lost market share against their German competitors in the past quarter. According...
Read moreKSH: GDP grew by 2.3 percent in the third quarter
Hungary's gross domestic product (GDP) grew by 2.3 percent in the third quarter compared to the same period of the previous year – based on an initial estimate by the...
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Tenders for the development of the fruit and vegetable sector to appear soon
In the following months, several proposals will be published to support improvements in the fruit and vegetable sector. In the applications, in addition to the individual farmers, producer marketing organizations...
Read moreNGM: the slowdown in growth is due to the weaker performance of agriculture this year
The slowdown in GDP growth is due to the weaker agricultural performance this year, compared with last year, which is the result of the droughty summer and previous year's high...
Read moreAccording to a survey the domestic online B2B trade is expanding more and more rapidly
The domestic online B2B (business to business) trade is expanding more and more rapidly in Hungary. Betwen 2013 to 2015 the annual average of proposals increased by nearly 10 percent,...
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The transit time of packages can be even fifty days during the Christmas season
The transit time of packages can be even fifty days during the Christmas period. The National Tax and Customs Administration (NAV) and the Magyar Posta (Hungarian Post) wrote in a...
Read moreInternetKon: building out free wifi and VAT rate cut was proposed to the government
On the basis of the national consultations on the Internet (InternetKon), the Internet users proposed the reducing of VAT on Internet to 18 percent and free wi-fi service at all...
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Foreign trade surplus of the euro zone increased in September
According to the first estimate released by Eurostat, the European Union’s (EU) statistical office, eurozone’s trade surplus increased in September. The surplus in goods trade was 20.5 billion euros (22...
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One in twenty founding companies will be successful
Tens of thousands companies are established by domestic entrepreneurs every year in Hungary, but almost forty percent of them proves to be short-lived, and only every twentieth will produce acceptable...
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The South-Balaton Wine Road Association held a huge St Martin's day new wine show
The St. Martin's day new wine show combined with media and business meeting of the South-Balaton Wine Road Association was organized for the fourth time. This time the Kristinus Wine...
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Jennifer Melanie Ziemons won again, this time in Birmingham
Jennifer Melanie Ziemons who has Hungarian ancestors won four gold medals at one of the world's most prestigious international confectionery tournament in Birmingham, England – the ncafe.hu wrote. She applied...
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Bakers baking for people in need
On 16 October the Hungarian Baker Association organised its World Bread Day event for the 15th time. Many bakeries all over Hungary were distributing bread and other baked goods to...
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St. Martin's Day events in Hollókő
The ancient village of Hollókő awaits the guests to St. Martin's Day events on Saturday – Kelecsényi Péter director of the Hollókői World Heritage Management Office told MTI on Friday....
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New survey on trademarks
‘HUNGARIAN PRODUCT’ Nonprofit Kft. organised a partners meeting to share the results of their latest consumer survey. Managing director Attila Kecskeméti underlined that 80 percent of respondents buy products made...
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The old fee returns
Hungary’s government decided against the new food chain supervision fee and this means that the former 0.1-percent fee returns – reported portfolio.hu. Shops with a smaller turnover mightn’t be happy...
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Sweetener is most accepted as a soft drink ingredient
A survey conducted on sweeteners by Szinapszis this summer found that the proportion of conscious buyers increased in the soft drink, fruit juice, confectionery and fruit product categories, in terms...
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Magazine: Skin care matters even more in cold weather
Women’s skin care is a category that full of challenges, because the market of widely used products is in stagnation. Economic recession made the category suffer, as body care isn’t...
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The impact of the Black Friday and the Sunday store closure on domestic e-commerce
The Christmas season begins with the Black Friday in e-commerce, while despite the Sunday store closure we still not buy more online – according to the joint Online Retail Index...
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Cofidis: the Hungarian households intend to spend an average of 43 thousand HUF for Christmas expenditure
The Hungarian households intend to spend an average of 43 thousand HUF for Christmas expenditure this year, of which 29 thousand HUF is planned to be spent on gifts, only...
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The NGM is working on an agricultural lending stimulus package
The government is working on an incentive package to assist agricultural enterprises to get loans, in accordance with EU financial regulations – Hornung Ágnes, Minister of State for Finance in...
Read moreThe utilization of logistics real estate in Budapest has improved
14.2 percent of urban logistics real estate in the area of Budapest was empty at the end of the third quarter. A year ago this ratio was almost 20 percent...
Read moreThe marketing of e-cigarettes to be tightened
The government would tighten the marketing and the use of electronic cigarettes. According to a bill, such thing cannot be bought via the Internet in the future – the Deputy...
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Back in the summer with the new mango-flavored XIXO ice tea
In the autumn of 2015, the portfolio of the XIXO ice tea will be expanded with a new flavor. The new exciting flavor combination that contains rose hips extract is...
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