Events
Food VAT frauders were arrested
Financial investigators found a criminal organization dealing with fictitious business accounts in the South Plains – the National Tax and Customs Office (NAV) informed MTI on Thursday. Barnáné Horváth Melinda...
Read moreThe US retail sector started the year with overwhelming enthusiasm
After the 1 percent increase of December, retail sales in the United States increased by 0.4 percent this January, which significantly exceeded analysts’ expectations. The annual pace of 4.4 percent...
Read moreHong Kong is the freest economy in the world again
Hong Kong once again qualified as the world’s freest economy in the joint ranking of the US Heritage Foundation and The Wall Street Journal. The 2017 Index of Economic Freedom...
Read more
Women has the key to build a world free from hunger and poverty
Stamping out gender inequality and giving women greater opportunity to participate in work is imperative if the world wants to achieve the goal to end hunger and poverty, officials say....
Read more
Growing drink market
According to a report by Moody’s, in the next 1-1.5 years the global drink market will expand by 4-5 percent. They expect a decline in volume sales in certain markets...
Read more
Companies want customised stands
Partners of trade exhibition organiser and stand builder companies show growing demand for a 360-degree service. For instance in addition to building the stand, customers want them to help in...
Read more
Prodexpo is getting more and more popular
Prodexpo is the largest specialized exhibition in Russia and Eastern Europe. Promoting high-quality foodstuffs to the domestic market, the Prodexpo trade show contributes to implementing high-priority federal projects aimed at...
Read more
Magazine: Trade fairs: participation isn’t obligatory, but recommended
Experts say that the international trade fair market is booming again. In general we can say that demand is the biggest for special trade shows with a well-planned concept, events...
Read more
VHT: the pork strategy stabilized the situation in the sector
The pork strategy stabilized the situation of the sector – the Secretary of the Livestock and Meat Interprofessional Organization and Marketing Board (VHT) told MTI on Wednesday. Menczel Lászlóné added...
Read moreA decline in agricultural producer prices
Agricultural producer prices decreased by 4.7 percent last December, compared to a year before, after the 5.5 percent decline in November. The price of crop products decreased by 11.8 percent,...
Read moreIt is already certain that the primeur season will be expensive
Inland water and frost cause damages at several areas of the country. The assessment of the winter frost damages in orchards and the fields has begun. The cold, below minus...
Read moreEconomic growth can substantially accelerate this year
The gross domestic product (GDP) increased less than expected in the fourth quarter of last year, but this year the analysts interviewed by MTI expect a substantial acceleration. The Central...
Read more
KSH: the cattle stock increased in the second half of 2016
The growth of the cattle population that is lasting since 2010 has continued. In the six months until 1 December, the number of cattle increased by 6 thousand. The pig...
Read more
Analysts: Inflation may continue to accelerate in the first quarter
Inflation may continue to accelerate in the first quarter, but analysts interviewed by MTI do not expect to exceed the central bank’s inflation target of 3 percent this year. According...
Read more
Food industrial support applications can be submitted from Wednesday
Food industrial small and medium-sized enterprises can submit their requests for 212.5 billion HUF development funds for food and capacity expansion investments from Wednesday – Rákossy Balázs, Minister of State...
Read more
The largest companies are optimistic
According to the latest results of the K&H corporate growth index, the large domestic companies start this year with cautious optimism. The companies assume a slightly growing revenue, but most...
Read more
The NAK urges unified EU actions to mitigate food waste
The National Agricultural Economics Association (NAK) urges unified EU actions to mitigate food waste – the public body told MTI on Wednesday. The NAK supports the proposal – that encourages...
Read moreIKEA achieved a turnover growth of fifteen percent in Hungary
IKEA’s two department stores in Hungary – with an increase of 14.5 percent – reached 54 billion HUF sales revenue in its fiscal year ended last August, which is an...
Read more
Export conference for Hungarian enterprises in neighbouring countries
In November the Hungarian National Trading House (MNKH) organised its first export-themed conference for Hungarian businesses located in neighbouring countries. The event took place in Csíkszereda (Miercurea Ciuc) in Romania...
Read more
Hungarian groceries on the shelves of Chinese stores
More and more Hungarian companies conquer the Chinese market with the help of the Hungarian National Trading House (MNKH). Thanks to the government’s ‘Eastern Opening’ foreign trade strategy, in the...
Read more
Magazine: Valuable waste
According to Norbert Höflinger, strategy director of HWD Recycling Kft., working in the waste management industry means facing challenges all the time. One of the biggest problems in the sector...
Read more
OTP: VAT should also be reduced in the case of the long-life milk
According to the experts of the OTP Bank, VAT should also be reduced in the case of the UHT and ESL milks. The VAT reduction would increase domestic consumption, which...
Read moreKSH: GDP rose by 2.0 percent in 2016
Hungary’s gross domestic product (GDP) in the fourth quarter of 2016 rose 1.6 percent last year, compared to the same period of the previous year. In 2016, GDP rose by...
Read moreConsumer prices grew by 2.3 percent in January
Consumer prices increased by an average of 2.3 percent in January, comapred to the previous year – the Central Statistics Office (KSH) announced. Compared to December last year, consumer prices...
Read more
Szijjártó Péter discused about the possibilities of the Hungarian food export expansion in Japan
Szijjártó Péter, Foreign Economic Relations and Foreign Minister negotiated about the expansion of Hungarian food export to Japan and about Japanese automotive investments in Hungary on Tuesday in japan. Szijjártó...
Read more
Slower growth in the EU and in the euro area
Compared to the flash estimate, the economies of the euro area and the European Union grew slower in the fourth quarter of last year – according to the second estimate...
Read more
NGM: 547 billion HUF development funds for the counties
Decisions will born soon on the usage of the 547 billion HUF development funds of the Town and Regional Development Operational Programme (TOP) for the counties – Rákossy Balázs, Minister...
Read moreConsortium develops technologies used in pig breeding
A consortium established by Bóly Zrt., Kaposvár University and Debrecen University sets out to develop – until 2020 – crop farming and livestock feeding technologies that can result in producing...
Read more
Moderate optimism in the commercial real estate market
According to a survey conducted by GKI in October 2016, a sort of insecurity has started to manifest in the office space market. The utilisation level was increasing in and...
Read more
Ministry proposes reasonable self-regulation in the dairy sector
The Ministry of Agriculture has proposed solidarity-based, reasonable self-regulation to every actor in the dairy sector. One of the main tasks is the development of the processing industry, for which...
Read more