News and articles

The annual market is worth about eleven billion forints

General cleaners were sold in the value of HUF 10 billion last year, making the category the tenth biggest from the 70 household chemicals and cosmetics audited by Nielsen. In...

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Nielsen’s consumer confidence index on three-year high

Nielsen’s consumer confidence index in Hungary reached the highest position of the last three years. In Q4 2013 the index grew another six points from Q3 and was at 51...

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Those living in the country are far less satisfied with tobacco shops

According to a telephone survey conducted by Budapest Business School, 60 percent of Budapest smokers are satisfied with the number and location of tobacco stores, but 55 percent of those...

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Slightly higher industrial production prices at the end of 2013

In December 2013 domestic industrial production prices rose by 0.5 percent from the level of the previous month. Prices in 2013 were 0.7 percent higher than in 2012. In December...

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Tobacco industry retail: the plan went up in smoke?

The tobacco product market is shrinking at shocking speed, the black marekt is expanding and state revenue from excise duty and VAT was 10 percent below the 2012 level....

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Retail confidence index reaches record height

The GKI-Erste economic sentiment index kept growing dynamically in January, continuing the more than one year old trend. Consumer expectations kept elevating and reached the highest level of the last...

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NFÜ’s closing down is expected to result in faster work

Last August the Prime Minister’s Office took over the work of the National Development Agency (NFÜ) and the latter was dissolved as of 1 January 2014. European Union development programmes...

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The Facebook Community of the Online Cash Register Bounded requested to extend the deadline to everyone

The Facebook Community of the Online Cash Register Bounded requested to extend the deadline to every entrepreneurs who ordered the cash registers in time. The community wrote an open letter...

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Pálinka consumption is safe: only a few irregularities

Objections incurred in connection with the pálinkas in only 7 percent of the products at the laboratory of the National Food Chain Safety Office (NÉBIH). Therefore this hungaricum is safe...

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The manufacturers have paid more than 44 billion HUF of Neta until now

The manufacturers have paid more than 44 billion HUF of public health product tax (Neta) since its introduction – Világgazdaság Online wrote. According to the datas of the Customs and...

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HITA: 16 Hungarian companies represented themselves at the food industry exhibition in Dubai

Hungarian companies represented themselves at the Gulfood in Dubai for the third time. The Hungarian presence was organized by the National Foreign Trade Agency (HITA). At the 85-square-meter Hungarian stand,...

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MLBKT: BMI is over a three year average

In February, the seasonally adjusted Purchasing Managers' Index was 54.3 points, higher than the February 53.4 points average of the past three years, but 3.5 percentage points lower than exceptionally...

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The P&G supported the sporting opportunities of young people with 10 million USD

After the ending of the 2014 Winter Olympic Games in Sochi, the P&G pays tribute to the high-performance of the sports ambassadors and do not forget about the mothers who...

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Fried crocodile and kangaroo stew at the picnic near the Danube

Cooking Competition, the tasting of exotic and traditional Hungarian foods, theater performances, pop concerts and a street party welcomes visitors from Thursday to Sunday at the 1st Budapesti Duna Parti...

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What are transfats, and what catering should do with them, part 2?

The ban applies to all restaurants, room service, banquet functions and even snack foods in guest room mini bars. The move comes on the heels of a vote last week...

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Invitatation for the SIRHA Budapest tradeshow

The SIRHA Budapest tradeshow is about food and beverages, alcoholic and non-alcoholic drinks, bakery and confectionery, cheese and dairy, frozen food, general provisions, organic and fresh produce, seafood, specialty food,...

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Legal proceedings started in the Czech methyl alcohol poisoning case

The accusees of the Czech methyl alcohol poisoning case, can expect even a life-long imprisonment. The lawsuits began on Monday in Zlín, Moravia. In the much anticipated lawsuit, a total...

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Utazás 2014: forty thousand visitors at the country's largest tourism trade fair

According to preliminary datas, 40 thousand people visited the Utazás 2014 (Traveling 2014) international tourism trade fair in the Budapest Fair Centre from Thursday to Sunday – the organizers told...

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More than 100 000 K&H Széchenyi Rest Card owners

“In one year, the number of the K&H Széchenyi Rest Card users increased by 20 percent, while the most popular sub account remains the hospitality sub account. Card Usage is...

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GKI: Appearance and reality

In spite of the optimism prevalent among Hungarian economic actors not seen for a decade, the improvement in the economy is only temporary. Although economic policy influenced by the elections...

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Agricultural production prices dropped 13.2 percent in December

In December 2013 agricultural production prices dropped 13.2 percent from the level of December 2012. The price of vegetable products became 20.1 percent lower, but the price of livestock/products of...

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December’s retail volume sales were up 1.8 percent

In December 2013 retail volume sales are estimated to have expanded by 1.8 percent from the level of December 2012. In grocery and grocery-type retail volume sales were up 0.4...

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Hungarian yoghurt loses market

Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) reveal that last year the average live weight production price of broiler chicken was HUF...

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More money for economic development

In the development period that started in 2007 24 percent of the budget was used for the economic sector and job creation and from 76 percent public purpose investments were...

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Newspaper vendors lost one third of their revenues, due to the system of tobacco stores

According to the datas of the Central Statistical Office (KSH), retail spendings have increased, but recovery still cannot be felt. Newspaper vendors lost one third of their revenues, due to...

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Grace period for those who are using billing programs

Those entrepreneurs who opted to use billing programs and acted pursuant to their billing obligations, will be given a grace period – Pankucsi Zoltán, Deputy Minister of State of the...

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VM: more than half a million children can regularly eat fruit in schools

In the scope of the School Fruit Scheme, 538 thousand children receive at least two kinds of fruits at least two times a week – the Ministry of Rural Development...

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Slovaks purchase more in Hungary, due to the weak forint

Shopping tourism is booming again in the settlements near the Slovakian border. Experience has shown that Slovaks are purchasing even the most basic food products in Győr and in Komárom....

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The European Court of Justice will decide soon about free pálinka distilling

The European Court of Justice may decide even in March or April about free pálinka distilling. While the European Court of Justice examines the domestic regulations, the finance officers are...

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