News and articles

The sales of daily consumer goods would be prohibited for the large loss making companies

From January 2018, the government would prohibit the sales of daily consumer goods for the big companies that have zero or negative net income in two business years in a...

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Stronger consumer demand for quality food products

The demand for high-quality, healthy products is becaoming stronger with conscious consumer behavior – said Helik Ferenc, head of the Board of Directors of the priority issues at the National...

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HEINEKEN and the Design Terminál have signed a strategic partnership

The HEINEKEN Hungária and the Design Terminál have signed a strategic agreement in order to support the creative industry. Joris Huijsmans, CEO of the HEINEKEN Hungária Zrt. signed signed a...

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KPMG: the corporate debt market can switch to a higher gear

Banks are more optimistic in relation of the future prospects of the corporate debt market – the KPMG sets in the sixth edition of its Corporate Lending Sentiment Index publication....

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More and more people would be their own bosses

The flexible forms of employment are given a larger emphasis in Hungary, such as self-employment. Not only globally, but entrepreneurship is getting stronger in Hungary as well: although we have...

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Several dangerous food products were banned

The National Public Health and Medical Officer Service (ÁNTSZ) prohibited the distribution of a number of so-called special nutritional food products – was said on the organization's website. The alleged...

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The EuroTier in Hanover has ended

The world’s leading livestock fair EuroTier 2014 ended recently in Hanover. This year, 2,360 exhibitors from 43 countries presented their products on the field of agriculture and productive livestock. The...

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GfK: the domestic market of technical products grew in the third quarter of 2014

The sales of long-term technical products increased by 9 percent, in the third quarter of 2014, compared to the same period of 2013. Despite the fact that the market is...

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The investment of the Chinese citric acid plant to be started In mid-2015 in Borsod

The Chinese RZBC groupplans to start the construction of the citric acid plant in the middle of the next year in Kazincbarcika, Borsod-Abaúj-Zemplén County. The company will spend 31 billion...

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Optimism in Europe's strongest economy

The sentiment index for the assessment of the economic outlook of the Mannheim-based ZEW (Zentrum für Europäische Wirtschaftsforschung) increased much stronger-than-expected in November, while the assessment of the current business...

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NAK and the Medicinal Plant Association and Product Council cooperate

The storage room was redesigned, the old drying room was modernised and a new drying room was built at Herbária Zrt.’s plant in Székkutas. The Ministry of Agriculture, the Medicinal...

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Concentration in winemakers’ revenues

A recent analysis by Bisnode reveals that the HUF 4.3-billion combined revenue of the ten biggest grape growers represented one third of the sector’s HUF 12.5 billon revenue in 2013....

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Drying with subsidised gas

Since the autumn has been wet, certain crops – corn, sugar beet, soya bean, sunflower, potato – are still being harvested. Corn, sunflower and soya bean have higher humidity content...

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Hungary’s fisheries sector on a growth track

The Hungarian Chamber of Agriculture (NAK) and the Hungarian Association of Fish Farmers and Fisheries Water Management (MAHAL) signed a cooperation agreement in Kisbajcs. NAK president Balázs Győrffy told that...

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Magazine: Always going forward

MVI vice president Rudolf Semsei started working in the organisation because he believes: problems that restaurant owners can’t solve alone can be solved if they join forces. It was MVI...

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You can be a part of a royal dinner!

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Record turnover of sweets in December 2013

Food retail achieved a record turnover from selling sweets last December. People spent more than ever 2.7 billion HUF to around 650 tonnes of sweet gifts – the Nielsen Retail...

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Törley exhibits at the ProWine Shanghai 2014

Asia's wine merchants are meeting at the 2014 ProWine Shanghai wine exhibition in China. Asia’s largest wine exhibition the ProWine Shanghai 2014 lasts from Wednesday to Friday. The fast-growing Chinese...

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The foreign trade surplus of the euro zone has increased

The foreign trade surplus of the euro zone has increased in September, thanks to increase of export growth. According to the the first estimate, the 18-member euro zone's trade surplus...

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The Dutch bird flu can be transmitted from animals to humans

A strain of bird flu which can be transmitted to humans has been detected on a farm south of Amsterdam, prompting Dutch authorities to ban the transport of all poultry...

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Students announced the fall of the shroud design competition packaging solutions

The STI Design Awards competition provides a forum for students studying packaging design to show their creativity and ingenuity. The STI Group announced the winners of the 5th innovative packaging...

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The Ukrainian president sells its confectionery company

Petro Porosenko Ukrainian head of state will sell his confectionery company, which is one of the largest in the world. The President of Ukraine, told the German newspaper Bild that...

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Almost half of the corn has been harvested in Zala County

Forty-five percent of the corn is harvested in Zala County, the average yield is 6.98 tons per hectare – Süle Katalin, county chairman of the National Association of Agricultural Economics...

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MasterCard is working with Visa on an online payment simplifying standard

The MasterCard and the Visa are working together on an online payment simplifying standard. The single-use passwords and biometric data will play the main role in the new standard –...

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It will be easier to trade with China

The euro zone's first clearing platform calculating in Chinese currency started operations in Frankfurt. With the platform, operated by the Bank of China it is possible to carry out trade...

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Toshiba to produce lettuce

Toshiba, the Japanese maker of laptops and TVs, has a new project — growing lettuce with no soil and in the cleanest of clean rooms. Because the lettuce can be...

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Low-grade seed sold without permission was seized by the NÉBIH

The National Food Chain Safety Office (NÉBIH) seized a total of 600 kilograms – about 14 bags – of unknown origin oak seeds from vendors in the Biharnagybajom and Nyírbátor...

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There will not be unified tax key on cafeteria

The drastic burden on cafteria will not be realized. the current 35.7 percent tax remains – in a slightly different form. The original plan was to standardize the different food...

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P&G among the leaders in the Chinese FMCG market too

According to AdvertisingAge (USA), since 2012 Procter & Gamble’s second biggest market has been China. P&G is the country’s biggest advertising spender and is the market leader in basically all...

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Drugstores dominate

Decorative cosmetics retail sales exceeded HUF 5 billion between January and August 2014. Value sales augmented by 10 percent and volume sales rose 2 percent, according to the Nielsen Retail...

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