News and articles

Most of the small and medium businesses are expected growth in revenue

78 percent of the Hungarian small and medium enterprises (SMEs) calculates with revenue growth for the next year, while 15 percent expects decline – shows the SME confidence index research...

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The Hungarian Association of Brewers criticizes the chips-tax on flavored beers

According to the Hungarian Association of Brewers;  the extension of the chips tax on flavored beers causes a competitive disadvantage, does not serve the original purpose of tax and means...

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The Ministry of Rural Development decreased this year's funding source for sugar beet growers

The Ministry of Rural Development has reduced this year's additional financing source for sugar beet growers by 800 million HUF – said Czerván György, State Secretary of the Ministry of...

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The Budapest International Fair has been opened

The Budapest International Fair (BNV) has been opened on Wednesday in the Budapest Fair Centre. Three hundred and fifty exhibitors of ten countries will represent themselves between the 19th and...

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The food processors and the Ministry of Rural Development may meet next week

The meeting of the food processors and the Ministry of Rural Development over the chips-tax was shifted to next week. The industry representatives wrote a letter two weeks ago to...

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Kraft and Krüger caught on cartelling

The investigation of the German cartel office showed that the Kraft and the Krüger made prohibited price negotiations over their traded instant cappuccino, so the two companies should pay a...

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The State may determinate the meal voucher issuer

The prior press releases were corect: the tax laws of 2012 submitted last Friday practically contains the the nationalization of meal vouchers. The cold food vouchers will remain after January,...

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The country's first gipsy restaurant opened in the city of Békés

Gypsy hen cabbage, duck neck with knife-cut noodles, chicken and back with moring – these and similar foods can be found in the menu of the country's first gipsy restaurant...

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Magazine: Are traditional places of shopping still important?

Thanks to the significant changes that occurred in Hungarian retail in the past 15 years hypermarkets, cash&carrys, supermarkets and discount stores became more significant places for shopping, to the detriment...

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This first GaultMillau Hungary guide to be released in the spring

2012 is going to see the release of GaultMillau Hungary restaurant guide. The major purpose of the publication is to classify HUngarian restaurants in an objective manner, compared to the...

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The confectionery industry's international meeting place – strong demand from abroad

German federal Minister Ilse Aigner will be on hand to officially open ISM on 29th January 2012 in Cologne Preparations are gearing up for the 42nd International Sweets and Biscuits...

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Tourism is a key component of rural development

One of the key elements of the National Rural Strategy is rural and farm tourism, which might turn out to be a breaking point for rural development – József Ángyán,...

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Compaint about the privatisation of Budapest Airport

Commissioner's Office of the Government has made a criminal complaint in the matter of some €85m in damages to the Hungarian state resulting from the failure of the owner of...

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Ipsos Global @dvisory: The Economic Pulse of the World

A major analysis of world public opinion was released today by Ipsos— one of the world’s largest market and opinion research companies. The report, titled “Ipsos Global @dvisory: The Economic...

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The separate sectoral taxes will be terminated from 2013, the bank tax will be halved

The separate sectoral taxes will be terminated from 2013, the bank tax will be halved The sector specific taxes will be terminated from 2013, the bank tax will be halved...

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Agricultural emission was of 1800 billion HUF last year

Last year, despite the bad weather, the agricultural output has seen a 10 percent growth, reaching 1800 billion HUF – Rural Development Minister Sándor Fazekas announced on Tuesday at the...

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Chips-tax: coffee escaped

The NGM and the Rural Development Ministry would impose taxes on coffee, the Ministry of National Resources would not, but now the market participants have also started intense lobbying. The...

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Less than third of online shoppers pay with credit card

In case of online ordering, less than a third of the customer pay by credit card – shows the most recent survey of KutatóCentrum. During a year, the proportion of...

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Hungary's largest shopping center opens spring 2013

With the construction of the second phase of the Árkád in Budapest Hungary's largest shopping center trade area will be established in 2013 in the Örs vezér square. The construction...

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NAV: The deadline of chips-tax is approaching

The deadline of public health taxes so called chips-tax is approaching – told the National Tax and Customs Administration (NAV) to MTI on Tuesday. According to the Communication; the tax...

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Coca-Cola's flash report corresponding to the expectations

Coca-Cola's third quarterly report meets the expectations: by eliminating the effects of non-recurring items, profits were 1.03 USD per share in when the markets expected 1.02 USD. Management reports that...

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Raben investing in Hungary

European logistics operator, Raben Group, has today announced the acquisition of businesses in Poland, Hungary, Czech Republic and Slovakia. The Wincanton businesses in Poland, Hungary, Czech Republic and Slovakia provide...

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Danone would sell its bottled mineral water brands to a Japanese company

The Paris-based Danone would sell its Evian and Volvic bottled mineral water brands to the Japanese Suntory. In the scope of non-public negotiations Danone would sell its two brands of...

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Nike closes several shops in Hungary

In the forthcoming months several Nike stores are expected to be closed in Hungary. According to the informations of Pénzcentrum.hu; there are shops that are trying to sell only the...

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ZEW index: German business sentiment decreased

German investor sentiment fell in October. More and more signs indicates that the European debt crisis may spread to the banking sector. According to the survey of the German ZEW...

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Bocuse d’Or Hungarian finals have a winner

The Hungarian Bocuse d’Or Academy closed the finals of Bocuse d’Or's Hungary yesterday, within the compass of Hungexpo, HOVENTA trade-show. The world's most important chef-competition's winner is Tamás Széll, sous-chef...

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Internet competition for the castles of Transylvania

The WEBkastély (WEBcastle) competition aims to raise awareness of the Transylvanian castles, to the state of mansions, and to connect them into tourism. The online competition aims to promote the...

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Magazine: Price-value ratio is decisive when buying food

Nielsen conducted a survey in 55 countries, which revealed that 47 percent of Hungarian consumers are influenced in their food buying decisions by the price-value ratio of a product. 43...

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Coface country risk assessments: deterioration in Europe and in the United States

Coface notes a deterioration of the average strength of companies in Europe and in the United States and is placing on negative watch, or removing positive watch of, 8 developed...

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SAPS-payment to farmers began

The payment of the unified support per territory (SAPS) has begun this Monday by the Ministry of Agriculture and Rural Development. As a whole, a total of 280 billion HUF...

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