Events

GKI’s economic sentiment index reached a new historic peak

GKI’s economic sentiment index reached another peak in June. According to the empirical survey conducted by GKI with the support of the EU, business expectations in June were close to...

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Hungary is the fourth cheapest country in the EU

In 2017, Denmark was the most expensive country in the European Union and Bulgaria was the cheapest. Hungary was the fourth cheapest country on the list after Poland, Romania and...

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Analysts: growth can be higher than expected all year

The growth of Hungary’s GDP in the first quarter was slightly higher than expected. As a result the Takarékbank and ING Bank have already upgraded their growth expectations for the...

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Milk fat grew by more than a quarter in a year

Industry analysts have warned for this trend for months, but they did not even expect such a change. The fat value of milk grew by be 27 percent, while its...

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The FruitVeb and the Budapest Wholesale Market renewed their cooperation

Házi Zoltán, Chief Executive Officer of the Budapest Wholesale Market emphasized the development of infrastructure and the importance of the flow of information at the press conference of the Second...

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The best pálinka of the country was selected from more than 300 pálinkas this year

On 28 June it will be announced in the House of Parliament who prepared the best pálinka in 2018. For this year’s National Pálinka and Törköly Pálinka contest, 48 pálinka...

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Thousands of boxes of cigarettes were found in a Serbian smuggler’s car in Zala county

Three thousand boxes of cigarettes were found hidden in Zala county in a Serbian citizen’s car – the press officer of the NAV’s Zala county directorate told MTI. Joó Hilda...

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Magazine: Premium care, widening category

Both the toilet paper and the facial tissue segment realised a one-digit sales growth in value – 2017 was a successful year for brand manufacturers. Among toilet paper products 3-ply, scented...

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KSH: growth in earnings continued to accelerate

In April 2018, the gross average earnings reached 340,600 forints, which is 12.6 percent higher than a year before. In the fourth month of the year, the rise in earnings...

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Hungarians purchase safe Hungarian eggs

Eggs from abroad can carry health risks, so the Hungarian Chicken Hybrids-Breeders and Egg Producers Association recommends to buy Hungarian eggs from controlled production sources. According to the Association’s announcement...

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Labor shortage affects Hungarian vegetable production

The lack of labor force is a growing problem in the fruit and vegetable sector, which can now have a negative impact on the quality of crops as well –...

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Nébih’s latest product test identified markup errors

The Gluten-Free Spaghetti Test of the National Food Chain Safety Office (Nébih) found the 9 controlled products adequate, but initiated regulatory proceedings against the responsible entrepreneurs of 3 products for...

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The regulation of units without automatic monitoring unit can be changed

On the basis of the rules currently in force, units that can not be connected to the AFE system can not be operated after 30 June 2018. The National Chamber...

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Consumer sentiment in the euro area and in the EU also fell in June

Consumer confidence in the euro area and in the European Union has also deteriorated in June, according to a preliminary estimate published by the European Commission on Thursday. The consumer...

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Irrigation would cost hundreds of billions, but it would generate serious extra income

A 180-page study was conducted by the Agricultural Research Institute on the development of irrigation. Researchers took into account the water needs of plants, soil conditions and water resources, and...

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Business Dinner: economic policy and competitiveness were on the menu

Trade magazin and the Chain Bridge Club organised their traditional Business Dinner in May. This time the event’s title was Economy and Politics and the host was Szilvia Krizsó. The first...

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Display of the Year

International trade association Shop! has rewarded the best in-store displays for the 60th time. The results of the OMA Awards were announced on 28 March at the Global Shop trade show...

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Last year was a good one for wholesalers too

In 2017 not only retailers had a good year, but also the wholesalers that serve both the retail and the Horeca segments. Wholesalers sold products for HUF 1,000-1,200 billion to Horeca...

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18th BUSINESS GOLF CHAMPIONSHIP

On 16 June Bük was the venue of Perla Service’s popular Business Golf Championship event. More than 300 guests and golfers came to the programme, where Italy was the guest country...

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A different office – but ULINK is the same!

This May was no different than the fifth month in former years: May is a ULINK month, the month when members of a special network meet – those who used...

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Hungarian Product can become even bigger business

Minister of Agriculture István Nagy told at the Agóra conference: we can only exploit the potential of the Hungarian food industry if production becomes more efficient and consumers buy even...

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(HU) Még lehet pályázni: MagyarBrands 2018 – a legkiválóbb hazai márkák!

Sorry, this entry is only available in HU....

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KSH: the growth of retail sales continues

Retail sales, calculated on unchanged price increased by 4.3 percent in April, compared to the data of a year before. Seasonally adjusted retail sales – mainly due to the Easter...

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The Ministry of Finance proposes decreasing milk VAT and increasing public health product tax

The Ministry of Finance has submitted its bill on tax changes for next year – Varga Mihály Finance Minister informs. In line with the government’s goal of charging the most...

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Mastercard: mobile payment is becoming more and more popular in Hungary

Mobile payment in Hungary is becoming more and more popular: Hungarian cardholders have been using mobile phones for one-touch payments much more times than in the first five months of...

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Hungary continues to expand its agricultural relations with Africa

Research and business cooperation, as well as the existing forms of knowledge transfer can provide a solid foundation for the further development of Hungarian-African agricultural relations – Farkas Sándor, Minister...

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Luxembourg is the richest, Bulgaria is the poorest country in the EU

Although somewhat reduced, there is still a huge difference between the richest and poorest countries in the European Union, between Luxembourg and Bulgaria. In terms of purchasing power parity, the...

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Large number of cafeteria benefits expected from Hungarian SMEs

Seven from ten SMEs plan to give their employees some kind of cafeteria benefit and this is a very big increase from the level measured a year ago – revealed...

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Hungarian retail trade maintains momentum

Like-for-like retail sales of food and drug products were up 8.3 percent in the first quarter of 2018 in Hungary. In the same period the average FMCG sales growth was only...

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Large companies are starting to get in the investment mood

According to K&H’s corporate growth index, 54 percent of Hungarian companies – non-state-owned firms with annual sales revenue above HUF 2 billion – are planning to realise some kind of...

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