Other
New trade offices to be opened abroad
The government initiates the establishment and operation of three additional foreign commercial offices. This time, a total of slightly more than 400 million HUF will be spent on boosting up...
Read more
World’s future food security “in jeopardy” due to multiple challenges, report warns
Mankind’s future ability to feed itself is in jeopardy due to intensifying pressures on natural resources, mounting inequality, and the fallout from a changing climate, warns a new FAO report...
Read moreHungary lost a lot because of the sanctions against Russia
Minister of Foreign Affairs and Trade Péter Szijjártó told Russian daily Kommersant that Hungary lost USD 6.5 billion because of the economic sanctions imposed against Russia. The minister hopes that...
Read more
Client Gateway risks
The tax authorities more and more frequently inform businesses about tax inspections by sending an e-mail via the Client Gateway (Ügyfélkapu) system. The problem is that while these letters were...
Read more
The Russian embargo reduced the Hungarian agricultural exports with nearly a hundred million euros
The Russian import ban introduced in 2014 affected the Hungarian agri-food industry badly. During three years, the sector’s exports decreased by nearly one hundred million euros – Magyar Idők wrote....
Read moreThe mountain council to develop a plan to regulate the sale of grapes
The National Council of Wine Communities (HNT) worked out a draft for the regulation on the sale of grapes. The viticulturist interbranch organization plans to publish a new type of...
Read more
The rise in real wages can be 8 percent this year
This year, real wages can increase by 7-8 percent in addition to a 1-1.5 percent inflation rate – Cseresnyés Péter, Minister of State of the Ministry of National Economy (NGM)...
Read more
GfK: the proportion of customers loyal to their banks is increasing
The proportion of customers who are loyal to their banks increased steadily last year, while the proportion of those who are open to change bank is stable; it is around...
Read morePrologis: strong demand stays on the logistics real estate market
Strong tenant demand remains on the domestic logistics real estate market, and because the current stock is saturated, new developments are expected this year – Kemenes László, managing director of...
Read moreThe chain of stores are preparing for significant wage increases
Wage negotiations are taking place smoothly this year at the a large international supermarket chains – Világgazdaság Online wrote. In order to keep the workers, the companies were forced to...
Read more
The Hungarian simmental heifer is more and more popular
These cattle are popular in Hungary and abroad as well – Magyar Hírlap wrote on Tuesday. Füller Imre, executive director of the Association of Hungarian Simmental Breeders’ told the newspaper...
Read more
Brazil is importing coffee
Brazil’s government has authorised the country’s first-ever imports of robusta coffee, at the request of the instant coffee industry, and it should soon start taking delivery of limited amounts from...
Read more
Newer applications for local economic and tourism development
Another five, call for proposals were published aim to support of local economic and tourism development, energy modernization and development of sustainable urban environment. The value of the call for...
Read more
FM: about ten thousand pheasants should be disposed in Abádszalók
Due to avian influenza about ten thousand pheasants, the entire herd must be destroyed in Abádszalók at the Hubertus Hunting Company. The disposal began on Tuesday – the Ministry of...
Read moreHENT: false pesticides can cause cancer and infertility
Counterfeit pesticides can have serious adverse health effects in human beings, they may contain dangerous and toxic pollutions and uncontrolled by-products that have carcinogenic or gametes damaging effect – the...
Read more
Invoicing with value limits
Those businesses that don’t follow this year’s tax rule changes are risking serious fines – warn the experts of MAZARS. In the past the tax number of a product’s buyer...
Read more
Under a supported roof
With a sum up to HUF 5 million in a 5-year period, companies can support the real property buying (or the paying back of real property loans) of employees tax-free....
Read more
Efficient NAV
In 2016 the reformed, customer-oriented National Tax and Customs Administration (NAV) put HUF 12,793 billion into the national budget, HUF 31 billion more than originally expected by the government. Secretary...
Read more
Cunning merger
Hungarian regulation on mergers has changed fundamentally. Due to the changes in competition law, in the future a transaction can be approved in 8 day instead of the present 30...
Read more
ÉFOSZ and Branded Goods Association welcome the ministry’s decision
The Federation of Hungarian Food Industries (ÉFOSZ) and the Branded Goods Association (BGA) welcome the announcement that Róbert Zsigó, secretary of state at the Ministry of Agriculture made today: in...
Read more
Ministry of Agriculture (FM): comprehensive testing has started because of the differences in the quality of food products sold
Minister of Agriculture Sándor Fazekas has commissioned another comprehensive laboratory testing of similar food products sold in shops in Hungary and abroad, in order to compare their qualities – told...
Read more
Nielsen: Europe faces slow growth
Amid great political and economic change around the world, global consumer confidence moved modestly in 2016, rising three points between the first and fourth quarter to 101. Confidence scores in...
Read more
KSH: gross average earnings increased to over 305 thousand HUF in December
Last December, gross average earnings increased by 5.7 percent of gross earnings, while net average earnings were 7.3 percent higher than a year before. Excluding the wages of public employees,...
Read more
The Financial Directive of 2018 revolutionizes mobile banking
The online and mobile banking have become everyday part of life for the majority of users. But if the customers want to gain complete control over their financial information belongs...
Read more
There is no powerful Hungarian economy without agriculture and food industry
There is no powerful Hungarian economy without agriculture and food industry – the Minister of National Economy underlined at a forum in Budapest, organized for young agricultural professionals. Varga Mihály...
Read moreMountain Villages: fewer grapes this year
Fewer grapes will be harvested this year because of the frost – Brazsil Dávid, Secretary-General of the National Council of Wine Communities told M1 news channel on Saturday. The Secretary-General...
Read more
MNB: household wealth increases continuously
The net savings of households increased by 522 billion HUF in the fourth quarter of 2016, while in the total year by 1574 billion HUF. In the proportion of the...
Read moreThe government launches a supplier development program
The government launches a two-year development program for suppliers: The total amount of the program for 2017-2018 will be 14 billion HUF- Varga Mihály, Minister for Economic Affairs said at...
Read more
EU’s energy consumption fell below its 1990 level
Energy consumption in the European Union in 2015 was below its 1990 level the EU’s statistical agency Eurostat announced on 20 February. EU dependency on imports of fossil fuel imports...
Read more