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FM: The year starts with a VAT reduction in the food industry
From January, a further VAT reduction is taking place in the food industry. Nagy István, the Parliamentary Minister of State of the Ministry of Agriculture (FM) told M1 news channel...
Read moreBisnode: The number of operating companies fell by 1.22 percent last year
The number of company establishments have increased slightly and the number of company cancellations has decreased considerably. The number of operating companies decreased by 1.22 percent last year in Hungary...
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The world’s most expensive vodka was stolen from a Copenhagen bar
The world’s most expensive bottle of vodka recently disappeared from a bar in Copenhagen. The bar in question, Cafe 33, has over 1,200 different vodka bottles. The missing bottle was...
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FAO: Global tea consumption and production driven by robust demand in China and India
Emelkedni fog globálisan a teafogyasztás és –termelés a következő évtizedben a fejlődő országok erős kereslete miatt. Ez új munkalehetőségeket teremt a vidéken élők számára és javítja az élelmezésbiztonságot a teatermelő...
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Fish producers are preparing for the festive season with a wide fish offer
Fish producers are preparing for the festive season with a wide fish offer, but market prices have risen slightly, compared to last year – the president of the Hungarian Aquaculture...
Read moreThe Prime Minister’s Office granted 38 billion forints support for the development of grain storages so far
So far, 838 farmers have been given a grant of 38 billion forints by the Prime Minister’s Office for the construction and upgrading of grain storages and dryers. According to...
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Analysts: the increase of average earnings may be over 12 percent this year
The October growth in average earnings was not a surprise, according to macroeconomic analysts interviewed by MTI, who are expecting an average 12-13 percent wage growth this year. According to...
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13 percent of the Hungarian workers get a 13. monthly salary
13 percent of Hungarian workers receive a 13. monthly salary, and almost every fourth domestic worker receives a Christmas bonus – Világgazdaság Online quotes the latest international survey of the...
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Rétvári: nearly 80 billion HUF will be available for children nutrition next year
Against to the 29 billion HUF of 2010, next year 79 billion HUF can be used for children nutrition – Rétvári Bence, Parliamentary Minister of State of the Ministry of...
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NGM: gross average salary can reach 300,000 forints this year
The gross average salary can reach 300,000 forints even this year and in January it can exceed 310,000 forints – Simon Attila, Deputy Minister of State of the Ministry of...
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Syngenta’s employees help disabled yong people with their Christmas collections
Syngenta’s employees offered more than half a million forints at the company’s Christmas collection. The amount will fund the All-Life Foundation of the the Kaposvár Disabled Young People. Photo: Turjányi...
Read moreFM: traceability has improved in the food chain
According to the experiences of the winter seasonal food chain checks, the food distributors improved their compliance, most of the problems remained with hygiene conditions, but the traceability gap was...
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Turkey Association: stable situation in the sector, reduced buying price
The position of the turkey sector is stable, sudden price movements are unlikely. The price of live turkey was lowered by 8-10 forints per tonne, compared to last year to...
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KSH: earnings grew by 12.8 percent in October
In October, gross average earnings were 295,800 forints, 12.8 percent more than a year before – the Central Statistical Office (KSH) reported on Wednesday. The average net earnings without family...
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“Catch it” flashmob at St. Stephen’s Basilica
The Agrármarketing Centrum and the Ministry of Agriculture popularized the fish consumption with fishy delicacies and with a real curiosity, the flashmob of the Kodály Zoltán Art School at the...
Read moreThe anti-counterfeiting panel warns of the dangers of buying counterfeit products
In the last week of the Christmas shopping season, the appearance of counterfeit and uncontrolled sources is particularly risky, so it is worth to buy cautiously – the National Anti-Counterfeiting...
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More than 3.2 tonnes of meat products were withdrawn from the market by Nébih at a market in Budapest
The destruction of more than 3.2 tonnes of expired, unmarked, moldy, heavily polluted and irregularly produced meat products were ordered by the National Food Chain Safety Office (Nébih) in the...
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Orbán: We will not be anybody’s forecourt
Hungary will not be the forecourt of any other country – said Prime Minister Orbán Viktor, referring to the importance of keeping the land in Hungarian ownership at the delegate...
Read moreSzázadvég: the increase in wages explains the increase in retail turnover
October’s retail trade shows a significant increase, which can be explained by the increase in wages – Regős Gábor, economist of the Századvég Economic Researcher told M1 news channel on...
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Fazekas: 2.6 billion HUF can be used to improve the conditions of fish processing
2.6 billion HUF can be spent to improve the conditions of fish processing from the about 15 billion HUF, resources of the Hungarian Fisheries Operational Program (MAHOP) – the Minister...
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Next year will bring changes in the environmental protection product fee rules
As of 1 January 2018 the act on the environmental protection product fee will be amended again. An analysis by MAZARS has revealed that the new changes are primarily entailed by...
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Ericsson: technology will bear a human face in 2018
Consumers expect technology interactions to be controlled by intonation, facial expression and body language facilitating to track the changes of accelerating technology and will able to manage new devices –...
Read moreKSH: retail sales grew by 6.3 percent in October
In October, retail sales grew by 6.3 percent, compared to the same period of the previous year, according to both the raw and the calendar-adjusted data – the Central Statistical...
Read moreThe food industry may grow continuously by up to 4 percent
According to Atradius’ industry analysis, the food industry’s performance in the next five years may increase by 3-4 percent annually. The sector continues to be one of the most important...
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NFM: the Consumer Protection Authority tested light chains and fondants
The Consumer Protection Authority tested light chains and fondants. Among the tested light chains 25 did not meet the requirements, while in case of fondants problems occured in only one...
Read moreThere is an enormous interest towards the Honey Report
There is an enormous interest in the European Parliament (EP) towards the Honey Report on the situation of the honey sector, Erdős Norbert MEP (Fidesz), the the rapporteur for the...
Read moreThe domestic SME sector is before a huge growth, but not the way we would expect it
It is expected that the conditions for SME classification will change from 2020, which will result in an increase in the number of Hungarian SMEs. With the change of legislation,...
Read moreGKI’s Business Index on its new historical peak
In December, the GKI’s economic growth index reached its new historic peak. According to a survey conducted by GKI (www.gki.hu), with the support of the EU, business expectation has never...
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Winter set offers are popular
Body care product sales are growing year after year, as the economic situation is improving and product manufacturers keep coming out with new innovations. Besides the price-value ratio, buying decisions are...
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