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Another program will start to support horticulture
The Ministry of Agriculture launches a new five-year agri-environment program for the horticultural industry from 2016, which provides 15 billion HUF additional support capabilities to the farmers – Kis Miklós...
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Ultrasound may help in the production of the perfect chocolate
Professor Imogen Foubert from the KU Leuven Department of Microbial and Molecular Systems explains: “Cocoa butter crystallises as the liquid chocolate hardens. Five types of crystals can be formed during...
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KKM: the national trading house will open two offices in India
The Hungarian National Trading House Plc. (MNKH) will open two offices in India before the end of the year. One of the offices will open in north and the other...
Read moreRomanian retail sales continued to rise in April
In April, Romanian retail sales volume increased by 6.7 percent, compared to March – the Romanian national statistical institute announced on Friday The sales of food, drinks and tobacco products...
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Size matters the most in the household paper product market
Household paper towels have remained the engine of sales growth with a performance above 10 percent. Facial tissue volume sales went above 5 percent and did better than toilet papers....
Read moreFood prices increased further in May
FAO’s world food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, rose 2.1 percent in May to average 155.8 points. Rising...
Read moreKSH: export and import declined in March
In March, the value of exports in euros decreased by 3.5, while imports by 3.2 percent compared to a year before, the trade balance surplus declined by 58 million euros...
Read moreMNKH: Hungarian food exports to China expand further
Another four Hungarian food companies might appear in the Chinese market. With the contribution of the Hungarian National Trading House (MNKH) sweets and wine will be exported in a value...
Read moreMLSZKSZ: the development of intermodal transport will bring several tens of billions on a national economic level
The Association of the Hungarian Logistics Service Centers (MLSZKSZ) submitted a proposal to the Ministry of National Economy to improve the functioning of the domestic intermodal freight transport system. According...
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Russia has eased the embargo on agricultural products intended for children’s consumption
The Russian government has decided to ease the food embargo introduced against Western countries and allow the import of poultry meat, beef and vegetables used for baby food. Importers will...
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The Nébih found active pharmaceutical ingredients in dietary supplement
The National Food Chain Safety Office (Nébih) found active pharmaceutical ingredients in three dietary supplements, ordered online. The National Food Chain Safety Office (Nébih) ordered the withdrawal of the products...
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Significant growth in both value and volume sales
Like-for-like fruit juice sales were up 11 percent in value and 8 percent in volume between February 2015 and January 2016; value sales reached HUF 47 billion in this period....
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Magazine: A world of new flavours
In 2015 carbonated soft drink sales kept growing. Coca-Cola Hungary’s communications director Valentin Tóth told our magazine that the importance of hypermarkets decreased a little in sales, while supermarkets and...
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MNB: the efficiency of the Hungarian cash flow increased significantly
The effectiveness of the Hungarian cash flow has grown exceptionally in international comparison last year. Each indicators measuring the spread of remittances, purchases, electronic payments and electronic bill payments have...
Read moreThe “Agrárium 2016” agricultural data collection continues
Within the “Agrárium 2016” agricultural census of the Central Statistical Office (KSH), 590 thousand farmers will be listed in 1442 settlements from 1 June to 15 July. The Central Statistical...
Read moreMore than six hundred domestic M&A transactions were closed in the last six years
More than 600 public transactions were concluded in Hungary between 2010 and 2015 on the domestic market of mergers and acquisitions (M&A). The total value of these transactions is estimated...
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German dairy farmers receive government assistance
Dairy farmers receive at least 100 million euros (about 31 billion HUF) state aid package in Germany – was announced in Berlin. According to the Ministry, the number of dairy...
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UPS organised a Female Executives Forum in Budapest
UPS Hungary – the Hungarian affiliate of the world’s leading logistics company – organised their first Female Executives Forum in Budapest. Participants from various industries were discussing leadership issues and...
Read moreThe current level of EU's agricultural subsidies must be maintained even after 2020
The current level of the European Union agricultural subsidies must be maintained in the agricultural sector even after 2020, any new tasks can be financed only from new sources –...
Read moreTállai: the Hungarian government undertook a huge fight for Hungarian pálinka
The Hungarian government undertook a huge fight for Hungarian pálinka. As a result the pálinka law was born, the Pálinka National Council was established, the pálinka has become a Hungaricum...
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Advertising messages may come printed or via e-mail
The majority of consumers find requests for advertising purposes useful. They mainly like leaflets and e-mail offers – KutatóCentrum Research Centre’s research reveals. According to the survey called DM Szensor,...
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EU agricultural council meeting in milk case
Informal EU Agricultural Council meeting is taking place on Monday and in Tuesday in Eindhoven. One of the main themes of the EU Agricultural Council will be the milk market...
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Gyulahús Kft.: half a billion HUF profit and international recognition
The Gyulahús Kft. closed last year with a profit of more than half a billion HUF. This year the company won two gold star ratings from the Brussels-based International Taste...
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The Milk Marketing Board handed over the toy castle
The Milk Interprofessional Organization and Marketing Board handed over the first lottery prize of the “Collect 100 dairy hearts and win a playground” on 27 May 2016. The prize is...
Read moreGerman retail sales decreased
Germany retail sales declined unexpectedly in April – Destatis revealed on Tuesday. Retail turnover decreased by 0.9 percent in April, compared to March, confounding expectations for a 0.9 percent rise....
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A record volume of trash was collected in the TeSzedd! action
A record amount of 2857 tonnes of illegally dumped garbage was collected by the participants of the sixth TeSzedd! – Voluntary movement to clean Hungary – the National Environment and...
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Tax changes in neighbouring countries
Deloitte’s tax department collected the most important changes in the tax regulations of countries in Central and Eastern Europe. Some of these may have an effect on Hungarian companies operating...
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Every twentieth grocery store closed in one year
Early 2016 there were 16,869 grocery stores in Hungary, 5 percent less than a year before: 860 shops closed for good, mainly traditional 200m² and smaller units, especially in the...
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Switch to IFRS in time!
As of 1 January 2017 every Hungarian enterprise with an auditing obligation can decide to prepare its annual report in accordance with the International Financial Reporting Standards (IFRS). A recent...
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