News and articles
Increasing trust in debit cards
Last year 85 percent of Hungarians using the internet for buying products or services paid with their debit card when purchasing in a ‘physical’ store and 48 percent of them...
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Magazine: How information technology can support sales rep work
An arsenal of devices is available to sales representatives to assist them in their work. These days their job is unimaginable without using IT devices. István Giesz, the managing director...
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FAO: food prices on five-year low
International prices for agricultural commodities continued to decline in April and abundant inventories are poised to offset any pressure from the slight reduction in global harvests expected this year. Worldwide...
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Poultry World Day
The Poultry Product Council (BTT) organizes the domestic series of events of the Poultry World Day for the second time. With the event, the Poultry Product Council (BTT) would like...
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The edible salts passed the test of Nébih
The edible salts have passed the test of the National Food Chain Safety Office (Nébih). Only minor labeling errors were found in half of the products – according to the...
Read moreThe Association of Meat Industrialists support the VAT rate cut
The Presidency of the Association of Meat Industrialists believes that the VAT reduction to 5 percent is an important step into the right direction. According to their opinion, this decision...
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SPAR Hungary continued to grow in 2014
The SPAR Magyarország Kereskedelmi Kft. opened its first SPAR store in 1991 in Tata. By the end of 2014, the business network has no less than 419 units in Hungary:...
Read moreHealth contribution on tobacco becomes permanent, the bank tax to be reduced
The health contributions of the tobacco companies will remain for the next year. Its value is a total of 11.5 billion HUF – Lázár János, Minister, the leaderof the Prime...
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Red Bull welcomed the competitors with limited series of cans
The manufacturer of the energy drink will appear with a specially designed can before the Red Bull Air Race in Budapest. The distibution of the “hero can” has started and...
Read moreEU sanctions against Russia cause damages to Hungary
The embargo imposed against Russia and Russia's response cause much damages to Hungary – the Minister of State of Ministry of Foreign Trade and Foreign Affairs said at a CIS...
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Food Export Conference in the Ministry of Agriculture
On 13 May 2015, a major Food Export Conference conference will be held in Budapest with the lecturers of the Foreign Trade and Foreign Affairs Ministry, the Ministry of Agriculture,...
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Sopron is the newest stage of the Country Picnic
Yesterday, the Guild of Hungarian Caterers arrived to Sopron within the “Country Picnic in the Countryside”. program. At the Information Forum, local hospitality professionals and business owners took part. Kovács...
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Spice feast and wine festival in Pécs
The gastronomy, the flavors, the fragrances and the music is the focus of the Wine, Rapture, Pécs event, which includes the Spice Feast as well. The event lasts until Sunday....
Read moreRetail sales expanded significantly in the Czech Republic
In March 2015, retail sales increased significantly in the Czech Republic, by 5.9 percent on an annual basis. The increase in February was 6.3 percent. The growth rate of the...
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European Commission approval for Jacobs Douwe Egberts deal
Mondelez International (NASDAQ:MDLZ) and D.E. Master Blenders (OTC:DEMBF) land conditional approval from the European Commission on their proposed merger after agreeing to divest a few brands in certain regions. The...
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Henkel reports good start to fiscal 2015
“In a challenging environment, Henkel delivered a strong performance in the first quarter and had a good start to the fiscal year 2015. We again increased both sales and earnings....
Read moreThe Day of Balaton will be the opening day of the beach season
From now, the Day of Balaton will be the opening day of the beach season, which will be held on the first Friday when the temperature of the lake reaches...
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Well-organised fleets
Tímea Pesti, the commercial director of LeasePlan Hungária Zrt. informed Trade magazin that the commercial vehicle market has finally started growing. In 2010 new vehicle sales a hit a nadir...
Read moreKSH: the increase in retail sales lasts longer
The retail sales in March rose by 6.5 percent, while in the first quarter increased by 7.0 percent, compared with the same period of the last year – the first...
Read moreThe income growth may offset by the negative impact of the Sunday store closure
Although the Sunday store closure can cause temporary fluctuations in retail, the substantial increase in income can fully offset the negative impact of the Sunday store closure – Suppan Gergely,...
Read more300 billion HUF development resources to renew the food industry
About 300 billion HUF development funds can be used for the renewal of the food industry, on the basis of the soon to be adopted Food Industry Development Strategy –...
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Professional organizations are calling for negotiations about the advertising tax
The professional organizations continue to call for negotiations about the advertising tax, and asks the government to consider the termination of the tax due to its adverse economic impact –...
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Authentication trade marks on an upward track
Nothing proves better the potential in social marketing as the high popularity of the authentication trade marks of the “MAGYAR TERMÉK” Nonprofit Kft. (“HUNGARIAN PRODUCT” Nonprofit Ltd.). In addition its...
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Hungary’s first North American trading house was opened in New York
The Hungarian government in the new EU development cycle lasts until 2020 puts a highert han ever emphasis to strengthen the corporate sector. MTI Photo: Pogár Demeter The North American...
Read moreEquilor: 3.1 percent GDP growth for this year and 2.7 percent GDP growth for the next year
The Equilor Befektetési Zrt. investment company amended this year's gross domestic product (GDP) growth forecast upwards, from 2.7 percent to 3.1 percent for this year. The company expects a 2.7...
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About half of the top 100 media companies will be obliged to pay tax after advertising revenues
According to the 2013 data of Whitereport (WR) Ad Upgrade, about half of the classic media companies will be obliged to pay tax after advertising revenues, if the proposed amendment...
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Nébih: coordinated nationwide inspection to filter out the fake primary producers
The agriculture specialists of the county government offices held a nationwide inspection, coordinated by the National Food Chain Safety Office (Nébih) – the Nébih told MTI on Wednesday. During the...
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Magazine: Many development programmes will be announced early summer
In the 2014-2020 EU budgetary period development policy must focus on employment and competitiveness. If all programmes are considered, Hungary is entitled to HUF 12,000 billion worth of European Union...
Read moreRomanian retail sales increased by three percent in the first quarter
According to the raw and calendar adjusted data, the volume of the Romanian retail sales increased by three percent in the first quarter of 2015, compared to the same period...
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Expo Milano is launching its programs
Promising excitement, information, and local culinary specialties, the Kazakhstan Pavilion at Expo Milano 2015 has inaugurated its multi-media exhibition, which is dedicated to the country’s agricultural, environmental, and cultural prowess,...
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