News and articles
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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Masmed potato vending machine – Video of the day
Proper mash potato portion. This one dispenses both mash potatoes and gravy in Singapore....
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We spend more money this year than last summer
According to the survey of the trivago.hu travel website this year the Hungarians are looking for mostly the same destinations as last summer, but on average they are willing to...
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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...
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Business Ethics Award for Rondo
The company was rewarded with the prestigious Hungarian prize – established in 2000 – in the multinational company category. Those enterprises can win the award which operate responsibly and strengthen...
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Magazine: Chips in your whiskey
It was a revolution when winemakers started using wood chips to add that extra flavour to wine. An recently an Oregon company put Time and Oak on the market: small...
Read moreKSH: the volume of retail sales grew by 7 percent in the first quarter
According to the raw data retail sales increased by 6.5 percent. According to the calendar effect adjusted data, retail sales rose by 5.1 percent in March, compared with the previous...
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...
Read moreThe Thursday-Friday sales revenues replace the Sunday loss
The revenues of the stores increased significantly on Thursdays and Fridays, as the effect of the Sunday store closure. According to the data of the National Tax and Customs Administration...
Read moreNGM: retail sales increased further even after the introduction of the Sunday rest day
Hungarian retail sales increased after the introduction of the Sunday rest day – Glattfelder Béla, Minister of State for the Ministry of National Economy (NGM) told on Wednesday to M1...
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Nébih: eight thousand liters of milk was seized
The National Food Chain Safety Office (Nébih) started a two-week inspection on 6 May. The staff of Nébih tested 300 items at 218 sales points nationwide. The experts of the...
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SPAR continues the expansion
The SPAR Magyarország Kereskedelmi Kft. opened a new business unit in Budapest on the Váci Road. This shop has a more than half thousand square meters of selling area and...
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One hundred and fifty billion HUF whiteout in the economy thanks to the online cash registers
According to the calculations of the Central Bank’s analysts, the online cash registers whitened the economy in 2014 with about 150 billion HUF – portfolio.hu wrote. The analysts of the...
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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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The grand prize of the METRO prize winning game was handed over
An Opel Vivaro was the main prize of METRO’s prize winning game that took place between 11 March and 12 February 2015. The lucky winner , Farkas Lajos ( in...
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Free nursery and kindergarten meals were extended
From September 1, families with three or more children will be eligible for free nutrition, as well as the chronically ill and disabled children and their brothers and families with...
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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...
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The Consumer Protection Authority to start the summer tourism checks
The National Consumer Protection Authority (NFH) and the consumer protection unit of the county government agencies will start the summer tourism checks on 1 June – Kiss Anita, press officer...
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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