Other
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...
Read more
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...
Read more
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...
Read more
An award for retailers that popularise Hungarian products
Hungarian Product Nonprofit Kft. and Trade magazin have established an award for retailers: those can win it who do the most for promoting the sales of Hungarian products (it is the...
Read more
Tax policy
In the Hungarian Parliament’s early summer session the new government announced their proposal to cut the VAT on long shelf life milk and increase the rate of the public health...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
(HU) Még lehet pályázni: MagyarBrands 2018 – a legkiválóbb hazai márkák!
Sorry, this entry is only available in HU....
Read moreKSH: 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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
Slaughter pig’s price started to go down again in April
According to data from the Central Statistical Office (KSH), in April 2018 agricultural production prices were 1.2 percent higher than in the same period of 2017. This rise was the...
Read more
The sales growth continued in April
In April 2018 like-for-like retail volume sales augmented by 4.4 percent; adjusted for calendar effects, the sales growth was 6.1 percent – reported the Central Statistical Office (KSH). Food and...
Read more
Kosher food from Hungary
Hungary is going to develop a build food distribution centre that will have the potential to turn the country into one of the most important players in the kosher food...
Read more
Food prices grew above the average in May
In May 2018 consumer prices were 2.8 percent higher on average than a year before. In comparison with May 2017, food prices increased by 3.8 percent. Egg’s price soared by...
Read more
Consumption is growing rapidly this year too
GKI Economic Research Zrt. has increased its growth forecast from 3.8 percent to 4 percent for 2018. In March the growth in industrial production slowed down: while in the first...
Read more
The idyllic days are over
In 2017 Hungarian shoppers ordered products online approximately 33 million times and 70 percent of these were delivered by the logistics partners of online shops. Very often delivery was free for...
Read more
Trade Marketing Spring
At the 26 April meeting of the Trade Marketing Club (TMC) Dóra Hajnal, client service director of Nielsen analysed the Hungarian FMCG market in a comprehensive fashion. She told that the...
Read more
Wine trading surplus
Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) revealed that Hungary’s live pig export fell 14 percent in the first quarter of 2018....
Read more
The Agrarian Chamber and the food processors are calling for reconciliation on the public health product tax
The National Chamber of Agriculture (NAK) and the National Federation of Food Processors (ÉFOSZ) initiate a technical consultation because they know that there is a change in the legislation on...
Read more
FruitVeB: less and less raspberries grow every year
Hungarian raspberry production is decreasing year after year. This year less than a thousand tons of raspberries will be harvested from 200 hectares of cultivated land, only half of which...
Read more
Hungarians learn new professions for good salary and for hobby
From year to year, the number of adults who sit back to school and learn a new professions is growing. Currently several thousands of people are involved in these type...
Read moreLondon analysts: it may cost a thousand pounds per household if the EU duty-free status ceases
London’s financial analysts say that if, after the expiration of the British EU membership, customs duties appear in the UK’s and the European Union’s total duty-free trade it will cost...
Read more