News and articles
Morgan Stanley: household consumption is the engine of the Hungarian economy
The GDP can grow by 3.5 percent this year in Hungary, after last year's 3.6 percent, Morgan Stanley’s recent analyst predicts that the increase is mainly supported by the domestic...
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KSH: the agricultural producer prices fell by 8.1 percent in February
Due to the 7.9 percent deline in the price of vegetable products and the 8.5 percent price decline of live animals and animal products, the agricultural producer prices prices were...
Read moreWomen purchase more in webshops than men
The webshops are never close, you do not have to stand in line and shop assistants do not give a weird look when we go back to see the chosen...
Read moreVarga Winery increased its revenues last year
The consolidated sales of the Group amounted to 4.8 billion HUF, compared to the 3.6 billion HUF in 2013 – Varga Bálint owner and CEO told MTI. The company's after-tax...
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750 billion HUF EU research and development funds for Hungary until 2020
It is scheduled that 750 billion HUF will come to Hungary directly to innovation, research and development until 2020 – Pálinkás József, Head of the National Office for Research, Development...
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Commercial fishing to be ceased in natural waters
Commercial large-scale fishing to be ceased in natural waters. From 2016 commercial fishing licenses cannot be extended – the Parliament decided on Tuesday. The law expands the definition of fishing...
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The agricultural support decree for small producers has been published
The decree of the Minister of Agriculture on the agricultural support for small farmers was published – the Ministry of Agriculture (FM) told. Those farmers are eligible for support, who...
Read moreBeer production increased last year in the Czech Republic, due to the growing export
The Czech breweries brewed 19.65 million hectoliters of beer last year, 2.3 percent more than in 2013 – the Association of the Czech Brewers announced on Tuesday in Prague. While...
Read moreA pair of spotlessly mangoes were sold for 300,000 yen in Japan
A deep pocketed Japanese department store shelled out an eye-watering 300,000 yen (2,500 USD) Monday for a pair of mangoes, a record price for the second year in a row....
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A British company came up with robot chef for households
The new device of Moley Robotics — which was launched at the Hannover Fair, the world’s largest industrial fair — is just the latest example of the next generation of...
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60 percent of the hotel market is the member of the trade mark system already
The Hotelstar rating system is operating successfully. Already 60 percent of the Hungarian hotel capacity (73 percent of the guest nights) have joined to the system – Ruszinkó Ádám Deputy...
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Sales of household chemicals and cosmetics rose
Last year sales of household chemicals and cosmetics rose 13 percent in value and 8 percent in volume in stores with a floor space between 201 and 400m². There were...
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An optimised product assortment can increase sales
Product selection is a key element of every retailer and manufacturer’s strategy: it influences many important decisions from price to promotions, from innovation to consumers’ store choice. To illustrate this,...
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Salary replaced job security as the top priority
For Hungarian employees salary was the most important job choice factor already in 2014 – reports Randstad, but if current international trends prevail this can become even more dominant in...
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Magazine: Take them and eat them…
KFC, one of the biggest restaurant chains in the world unveiled their edible coffee cups. In the United Kingdom KFC customers can have their coffee served in wafer cups lined...
Read moreMore than ever possibilities to prohibit the cultivation of products containing GMO
The Member States of the European Union will be given more than ever unprecedented legal opportunities to prohibit the cultivation of plants containing genetically modified organisms (GMO) in their own...
Read moreApiary is one of the most successful sectors of the Hungarian agriculture
Hungary is well-known and recognized worldwide, due to its outstanding honeys, thanks to the work of twenty thousand Hungarian beekeepers. Apiary is one of the most successful sectors of the...
Read moreThe EU Parliament's Health Committee would indicate the nutritional value on alcoholic beverages
The European Parliament took a first step last month when it called on the European Commission to draw up legislation requiring such labelling by 2016. Adopted by 63 of the...
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The expectations of the domestic SME are almost the same
The business confidence literally stagnated in the first quarter of the year. The K&H SME confidence index that is indicating the domestic SMEs' expectations for one year is currently -14...
Read morePwC Global Economy Watch: employment increasing worldwide
The economic recovery prospects are still uncertain about seven years after the outbreak of the global financial crisis. However, it can be a reason for optimism, that one of the...
Read moreInternational portugieser muster and wine tasting in Pécs
A Hungarian, a Czech and an Austrian wine won Champion award at the International portugieser muster held in Pécs during the weekend. The organizers in their communication sent to MTI...
Read moreLake Balaton opens soon
Bike Mania, guided tours, Happy Hour, Jókai and Ganxsta Zolee. These will be the main acts and themes at the Open Balaton that starts on 1 May. In a month...
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Blooming treasures of Siam: The Spring Exhibition of the Hungarian Orchid Society in the Vajdahunyad Castle
When the days are longer and the sun shines more often in the gardens, then spring has arrived, and it is time for the Spring exhibition of the Hungarian Orchid...
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Gastronomic tourism competition starts
The new European Destinations of ExcelleNce (EDEN) competition was launched undert the A Pinch of Hungary title. Under the competition the Hungarian National Tourist Office is searching for “the most...
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Spa Development Program in Budapest
A Spa Development Program will be launched in Budapest. During the program, several spas will be renewed or extended – Szőke László CEO of the Budapest Hévizei és Gyógyfürdői Zrt....
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NGM: a growth in room revenues and guest traffic
Room revenues increased in February, and the number of guest nights increased by more than 10 percent as well – Ruszinkó Ádám, Deputy Minister of State for of the Ministry...
Read moreSmoking will be prohibited in Austrian restaurants
Austria’s governing parties have agreed that a general ban on smoking will be introduced in cafes and in restaurants after May 2018. In addition, smoking will be prohibited in restaurants...
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The test period is over
On 1 March 2015 the test period of the Electronic Freight Goods Tracking System (EKÁER) ended and now the system is up and running. In the test period the system’s...
Read moreMagazine: Sundays without shopping
As of 15 March most stores have to remain closed in Hungary. This measure will inevitably lead to changes in both the market and shopping habits. According to György Vámos,...
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