News and articles

EU decision: more alcohol can be in the Hungarian wines

Brussels agreed that because of the bad weather, winemakers can increase the alcoholic degree of wines. A further nine countries, Germany, Slovenia, Austria, the Czech Republic, Belgium, Denmark, Slovakia, the...

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The impact of the pharmacy liberalization on consumers

According to the study of GKI-EKI Egészségügykutató Kft.; Because of the pharmacy liberalization, geographical and demographic constraints of the establishment of pharmacies have been terminated. The 19 percent increase in...

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Revival of the legendary Centrum malls

Centrum Store will be opened in five locations in Hungary: Miskolc, Eger, Kecskemét, Szeged and Pécs. In the next five weeks, the Centrum stores will return under their old name....

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A professional jury will select the online retailer of the year from 30 candidates

On the 21st of October 2010 the public vote for the Online Trader of the Year Award was ended, during which exactly 9,718 votes decided who will be among the...

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MVI: The introduction of the unified meal vouchers favors the multinationals

The unified meal vouchers can cause serious damage to the SMEs in the Hungarian hospitality sector, since the owners are mostly using them purchasing in the multinational trade chains –...

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Tesco refutes

The National Labour Inspectorate (OMMF) found irregularities in several areas of the Tesco Stores Ltd., and thereby “several million forints labor fines expected” – told the National Labour Inspectorate to...

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KSH: unemployment data proved to be better than expected

Unemployment data published by the Central Statistical Office (KSH): Hungary's average employment rate for July-September fell to 10.9%, while the number of employed rose to 3,823,000, KSH said in the...

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The GVH fined 16 grain processor for 2.3 billion HUF

Because of their participation in cartel, causing losses to Hungarian consumers, the Competition Authority (GVH) fined 16 grain processor for 2.3 billion HUF – announced the Competition Authority on Thursday....

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Improved economic sentiment in the euro area

The European Commission's overall economic sentiment indicator (ESI) is rising for the fifth month in October, increasing from 103.2 points to 104.1 points, compared to the previous month. The positive...

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The sugar demand of China and India will cause sugar price increases

Acccording to the British Czarnikow institution; The demand for sugar will sharply rise in the next twenty years, but the production is unable to follow the demand. Mainly due to...

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Tesco may be fined for millions of forints

The exact amount of the penalty will be disclosed later. The National Labour Inspectorate (OMMF) found irregularities in several areas of the Tesco Stores Ltd., and thereby “several million forints...

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The success of Nobu surpassed all expectations

The dollar milions, invested into the opening of Nobu in Budapest can return in three or four years, – said Andy Vajna, co-owner of the restaurant to Világgazdaság. The guests...

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This year, the meat will not be more expensive

In Hungary by the end of the year, meat prices are not expected to increase, but in the first or second quarter of 2011 an increase in prices may come...

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Two new Starbucks will open this year in Budapest

According to the informations of Pénzcentrum.hu two new Starbucks will be opened in Budapest, this year. The first will begin operation in November, in downtown Pest. The café is situated...

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Cerbona at the edge of bankruptcy

The Székesfehérvár-based Cerbona Co. will held a general meeting on the 10th of November. According to the management; several of its financing banks of the company's terminated the contracts. This...

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Hungarian success by Mirelite-Mirsa at SIAL

Trade Magazin, being a part of the international SIAL d'Or jury, offers its partners every year the possibility of introducing HUngarian products within the compass of the tradeshow. This year,...

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Praktiker: declining turnover, improving results

According to the quarterly flash report of the Praktiker Bau- und Heimwerkermärkte Holding AG; Praktiker has increased its results, despite declining turnover. The company could increase its revenue on the...

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Online trade: Teszvesz and Vatera about to merge

TeszVesz.hu and Vatera.hu, the two major Hungarian online auction portals are about to merge on 1st November this year. The two portals will switch to the name Allegroup.hu Kft, but...

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The Winegrower of the Year will be selected soon

The Winegrower of the Year will be selected within the compass of the sp-called Borest (Wine-evening) at the Wine Academy on 3rd December this year. This competition is the most...

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HUngarian wine-success at Dutch competition Proefschrift Wijnconcours

Merengő 2008 from Eger's St Andrea winery won the platinum award at the Amsterdam Proefschrift Wijnconcours, the biggest wine competition in the Netherlands, on October 10. This means that this...

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The consumer-friendly logo comes in two years

According to the Director-General of the The National Consumer Protection Authority (NFH); the consumer-friendly logo system would be launched in two years. From the first of January next year, the...

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Customers stormed the Corvin: more than 30 thousand visitors on the first day

Hundreds were waiting in front of the gates of the Corvin Shopping Center, that is located on the Corvin Promenade. Hungary's newest shopping center, has successfully opened its doors to...

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45 percent of the employers are planning wage increase for next year

According to DGS Global Research; For 2011 45 percent of employers are planning an average 4.9 percent payment increase, while last year only 37 percent planned an average slightly larger,...

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65-70 thousand visitors are expected to the Sausage Festival of Békéscsaba

The region's largest professional and entertaining event, the Sausage Festival of Békéscsaba will be held between the 28th and 31st of October in Békéscsaba. The festival became one of the...

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Paper-free Tesco

The NetLock Ltd., leader on the Hungarian electronic filing market assists the electronic filing and certification of documents at Tesco. Tesco, with the introduction of HABEL and NetLock solutions focuses...

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Borsodi Brewery Zrt. will become an Ltd.

At the end of October, the Borsodi Brewery will unite with its owner and the same time, the company will turn into an Ltd. During the transaction, the Borsodi Brewery...

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Nespresso is successful

Nespresso achieved outstanding results worldwide, in the first nine months of 2010. The brand's sales volume increased by an average of 20 percent and this dynamic characterized the major European...

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Europeans do not have confidence in meat

According to a recently completed European research; Europeans do not trust in meat. The European Commission launches an investigation to find out what is the cause of the lack of...

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Wine marketing: one billion for the next year

The Agricultural Marketing Center will not be included into other professional organizations, still remain under the control of the Ministry of Agriculture, moreover the AMC will take over the tasks...

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