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This year’s tobacco producing and sales contracts were concluded
The two major acquiring companies have already concluded 99 percent of this year’s product sales contracts with the tobacco producers. Minimum number of contracts are expected for Burley tobacco varieties...
Read moreThe large companies expect higher revenues but lower profits for this year
Following the upturn in domestic trade the large companies in Hungary expect higher revenues but lower profits this year – the research of the K&H Enterprise Growth Index showed. The...
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Hungarian meat exports to be launched to the Philippines
After lengthy negotiations, three Hungarian companies received authorization to begin the export of Hungarian meat to the Philippines – Szijjártó Péter Foreign Economic Relations and Foreign Minister announced on Tuesday...
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All EU proposals will be announced by the end of the week
Until 2020, the country will receive approximately 9 thousand billion HUF from EU funds, while roughly three thousand billion HUF will be from the state budget – Bánki Erik (Fidesz),...
Read moreThe Slovak stores will be closed on all public holidays
The Slovak legislature on Tuesday in Bratislava approved the amendments to the Labor Code, which extends the store closure on public holidays. The amendment tabled by the ruling coalition take...
Read moreLondon remains the world’s leading financial center
According to the latest investor survey London is still the world’s top financial services center, but only because the outcome of the US presidential election caused as much damage to...
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Hungary is taking part in a project aimed at the development of innovative home care products and services
Hungary is taking part in a Hoca (development of innovative home care products and services) project. The program is implemented with the support of the European Union’s European Regional Development...
Read moreRising food prices in the world market
Once again the FAO food price index grew in February – for the seventh month in a row – and the increase was mainly driven by rising wheat and corn...
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Nielsen: The market continues to grow
Fruit juice retail sales were up 8 percent in value and the size of the market exceeded HUF 52 billion between February 2016 and January 2017. In the same period...
Read moreThe sales of the Hungarian breweries increased by 2.5 percent last year
Last year, the sales of the Hungarian breweries increased by 2.5 percent. Mainly the exports pulled the sales. According to the beer market indicators published by the Association of Hungarian...
Read more(HU) GKI: 2,5 éves csúcsára jutott a konjunktúraindex márciusban
The GKI sentiment index is increasing for the fifth consecutive month in March. There were no significant changes, but the index reached its peak of the past 2.5 years –...
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SPAR renewed communication
The SPAR Magyarország has launched a new image campaign with the new “Quality. I Love It” slogan from 23 March. The campaign emphasizes the core values of the business chain....
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NGM: the growth in household incomes is faster than growth in retail
The strengthening of Hungary is indicated by the increase in household income that exceeds the growth of retail. The data indicates that the propensity to save of the households remains...
Read moreChamber of Agriculture: frost damages can be reported until 15 April
The farmers can claim compensation for frost damages until 15 April; the notification of frost damages will be no longer be possible after the deadline – the National Association of...
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NGM Minister of State: a strong surge in investment is expected in the next few years
Powerful surge in investment is expected in the next few years, Hungary’s investment rate will be over 20 percent in the long-term – Hornung Ágnes, Minister of State of the...
Read moreThe grain-processing plant in Tiszapüspöki will be raedy for the summer
The grain-processing factory of the Tisza-TK Projekt Kft. in the outskirts of Tiszapüspöki is expected to be completed in the summer from about 45 billion HUF – the Managing Director...
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Brexit – British food sector: a free trade agreement with the EU is essential
According to the British food producer and retail networks, the sector will definitely need a free trade agreement with the European Union after the termination of the British EU membership....
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The foundation stone of Hungrana’s new new biomass power plant was laid in Szabadegyháza
With the one and half billion HUF investment the Hungrana Kft. will one hundred percently fulfill its steam and heat demand used for the production. Fazekas Sándor Minister of Agriculture...
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New Hungarian startup
It was the Startup Capital Programme of Hiventures, the venture capital management fund of the Hungarian Development Bank (MFB) that financed the startup which developed the detergent and cleaning product...
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Wanzl’s new managing director
As of 1 March 2017 Edit Nagy is the managing director of Wanzl Hungary. Ms Nagy used to be the company’s sales director. Wanzl was established in Germany in 1947...
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NGM: several programs to help SMEs digitization
The “factory model” program that was launched this year promotes the technological development of the small and medium-sized enterprises (SMEs), as well as the dissemination of digital information and communication...
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FM: meat from Brazil is inspected at the Hungarian border posts
Bognár Lajos Chief veterinarian ordered the increased testing of meat products coming from Brazil, after the Brazilian authorities have revealed serious irregularities at the largest meat processing companies of the...
Read moreThe competitive position of SMEs may improve
The K&H SME confidence index interviewed half thousand domestic SMEs about how their competitive situation may occur this year, compared to their competitors. The market position of SMEs may strengthen....
Read morePrime Minister’s Office: applications for agribusiness training support can be submitted from 14 April
Applications for agribusiness training support can be submitted from 14 April, instead of the original 27 March date – the Prime Minister’s Office announced on Friday. According to the communication...
Read moreStores are closing one after another because of the online retail
Az utóbbi évtizedek legnagyobb üzletbezárási hulláma sújtja az Egyesült Államokat az internetes kereskedelem terjedése és a fogyasztói szokások átalakulása miatt – idézi a Business Insider cikkét az index. A következő...
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Economic cooperation can expand in many sectors between Hungary and Vietnam
About 100 domestic and Vietnamese companies carried out bilateral business talks within the Hungarian-Vietnamese Business Forum, organized by the Hungarian National Trading House on 23 March in Budapest. The event...
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Grant programmes for agricultural diversification
In the new grant scheme of the Rural Development Programme there is a HUF 36-billion budget for financing projects, such as stabilising the income of agri-businesses, and starting and developing...
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BirtOKOS service starts
NAK launched its BirtOKOS telecommunication service for chamber members on 10 January 2017. Those who subscribe to the mobile service can benefit from lower tariffs than the market price. In...
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Russian expansion
Lenta, one of Russia’s leading grocery retailers managed to increase sales by 21.2 percent last year. In 2016 the chain opened 51 hyper- and 17 supermarkets. In December Lenta made...
Read moreOrganic farming gains momentum
The Hungarian Organic Culture Association and Takarékbank Zrt. signed a cooperation agreement: in the future the two parties will pay special attention to fostering programmes that promote the consumption of...
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