Events
A drop of 0.5 percent and inflation of 19 percent are expected this year
In 2022, Hungary entered a technical recession, faced serious balance problems, and became very isolated internationally. The Russian-Ukrainian war, the related energy crisis (security of supply and prices), and the...
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NAV’s audit plans for 2023 – the tax authority is going after the market
The tax authority recently published its audit plan for 2023, which shows that the tax authority quickly adapted to market changes. While the focus of the inspections is again this...
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An important deadline is approaching for companies: the transfer price documentation must be prepared by May 31
In Hungary, roughly 15,000 to 20,000 companies are affected by the transfer pricing documentation obligation, i.e. the rules for recording transactions between affiliated companies. The professional preparation of transfer price...
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No business without nature
We are constantly using up and losing our natural resources. The net zero targets set by governments and businesses to cover 70% of the global economy cannot be achieved without...
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On the long weekend of May 1, MKB Bank and Takarékbank will merge, this is what customers need to know about the transition
On April 30, with the legal merger of MKB Bank Nyrt. and Takarékbank Zrt., the nearly three-year merger process within the framework of Magyar Bankholding, which aims to create Hungary’s...
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UBM Holding Nyrt closed a successful half year
UBM Holding Nyrt. closed a successful half-year, achieving the highest 6-month sales revenue and profit after tax in the history of the company group. Compared to a year earlier, its...
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AKI: producer prices for wheat and corn decreased compared to last year
The prices of food wheat, feed wheat and feed corn in Hungary have decreased significantly compared to last year, but none of them have yet reached the level of 2021...
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Mars Petcare launch trio of new Pedigree multivitamins in the UK
Mars Petcare is debuting into the supplements category with the launch of a trio of new Pedigree multivitamins. Available now, each soft chew supplement contains 100% natural chicken, at least...
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Continente Combats Food Waste With New Apple Cider Vinegar
Portuguese retailer Continente has launched a new own-brand apple cider vinegar SKU, made from apples that do not meet traditional aesthetic standards. The first batch yielded 30,000 litres of vinegar...
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NAK: Transcarpathian Hungarian farmers received a seed donation
Transcarpathian Hungarian farmers received 500 bags of seeds donated by Hungarian producers and agricultural companies, the National Chamber of Agrarian Economy (NAK) told MTI on Wednesday. The donation was made...
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Parents of Gen Alpha seek health – and fast food
A majority of parents with Gen Alpha children (age 9 and under) say it’s important to buy fruits, vegetables and other healthy food, but going to McDonald’s is another common...
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Five and a half billion forints will go to ewes farmers
The payment of subsidies for ewes related to production has begun. The support financed by the European Union will be paid to more than 7,000 sheep farmers in the amount...
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Green hydrogen – sustainable future
Procter & Gamble (P&G) is dedicated to sustainable business operations and technological development. One of the company’s main objectives is to reach zero greenhouse gas emissions by 2040, in its...
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The government is expected to extend the price freeze by 3 months
If the government is waiting for inflation to drop appreciably, it will only happen in the second half of the year. Therefore, it is not out of the question that...
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The expectations of German beverage manufacturers stand out from the food industry
German industry’s export expectations improved slightly in March, according to a survey published on Tuesday by the ifo economic research institute of the University of Munich. The mood among German...
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ProWein 2023: The industry’s leading trade fair met expectations with success
The ProWein trade fair was a resounding success in 2023 as well, with an outstanding evaluation from all participant groups and a significant international exposure. Experts in the world of...
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The payment of subsidies related to Natura 2000 grasslands begins
By the end of the month, farmers will receive funds worth about HUF 12.5 billion through support related to Natura 2000 grasslands – announced Zsolt Feldman, the State Secretary responsible...
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KSH: the gross average earnings are the lowest in the hospitality sector
In January 2023, the gross average salary of those employed full-time was HUF 528,000, and the net average salary calculated with allowances in mind was HUF 363,900. The gross average...
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NAV: 1,050 packs of cigarettes with Bulgarian stamps were found in a van
Employees of the National Tax and Customs Administration (NAV) found 1,050 packs of cigarettes with Bulgarian stamps hidden in a van. According to NAV’s announcement on Tuesday, tax inspectors checked...
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Common thinking, aka food waste from a European perspective
The EU has put together a package of proposals related to reducing food waste with the involvement of EU citizens. Two Hungarian citizens participated in the creation of the 23-point...
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The payment of 2022 mitigation benefits will begin
On March 28, 2023, the Hungarian State Treasury (hereinafter: the Treasury) started paying damage mitigation benefits within the framework of the agricultural risk management system. Within a few days, the...
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Carrefour Hypermarket Awarded ‘Anti-Food Waste’ Certification
Carrefour’s hypermarket in Montesson has been awarded an ‘anti-food waste’ certificate by Bureau Veritas following an audit of the store and the group’s headquarters. The retailer claims to be the...
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Budapest press event to promote the consumption of European vegetables and persimmons
The “MEDITERRANEAN COMBO” information campaign aimed at promoting the consumption of European fruits and vegetables is entering a more active phase in Hungary. The second promotional press event of the...
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The 10 fastest-growing drinks brands on Instagram
It may not be easy to stand out in a crowded field, but the 10 fastest-growing drinks brands on social media have encountered a winning formula when it comes to engaging their followers...
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Guinness Maker Diageo Appoints Its First Female CEO
DiageoPLC named Debra Crew as its next chief executive, tapping an internal candidate to succeed longstanding leader Ivan Menezes at the helm of the alcoholic beverage company. The London-based maker...
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The Romanian and Polish prime ministers urge an EU solution to the issue of Ukrainian grain flooding the internal market
Both Romania and Poland are waiting for a solution from the European Commission (EC) in the case of Ukrainian grain exports that are flooding the EU market duty-free and putting...
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The biggest food saving restaurants and shops
Globally about 1.4 billion hectares of land – that is 30% all the agricultural land available – is used for producing food that isn’t eaten. Food waste is the biggest...
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The government provides all support to domestic companies wishing to invest in Uzbekistan
The conditions for the development of economic cooperation between Hungary and Uzbekistan have been secured, the government will provide all support to domestic companies wishing to invest in the Central...
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Nébih has published information on the involvement of evaluation organizations related to plant protection products
Nébih has published on its website information about the involvement of evaluation organizations involved in the procedures for the licensing of plant protection active substances and plant protection products, as...
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Protecting pollinators is our common duty
Agriculture Minister István Nagy and Slovenia’s ambassador Marjan Cencen drew attention to the protection of pollinators and the preservation of biological diversity by planting trees together. The head of the...
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