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One-third of this year's cherry harvest was destroyed by frost
It is estimated that about 30 percent less sour cherry will grow this year due to the spring frost damage. Because of the frost damages in April, the purchase prices...
Read moreThe weight of foreign companies in Hungary is decreasing strongly
The proportion of foreign-owned companies is declining among the dominant businesses ie the role of foreign capital is declining. This decline is more apparent in light of the fact that...
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Wine Days to be held in Tokaj on the first weekend in June
The Tokaji Wine Days program series are planned to be internationally known and respected wine event. The Tokaji Wine Days will be held between the 3rd and 5th of June...
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Staropramen: Prague’s number one beer entices the visitors to take part in gastronomic adventures inspired by the Czech cuisine
The centuries-old Czech beer culture’s iconic brand, Prague's number one beer, the Staropramen entices the domestic lovers of the brand to take part in Czech gastronomic adventures this summer, in...
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Beware of ransomware!
Ransomware can cause great damage to companies in Hungary too. According to Zsolt Bárány, regional key account manager of Trend Micro, we don’t know about Hungarian cases only because companies...
Read moreBees are bellwethers for the healthy agricultural ecosystems they help create
Bees make a priceless contribution to agriculture and are a bellwether for environmental health, working without pay while both delivering and reflecting biodiversity. “A world without pollinators would be a...
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Retail sales drop in the USA
After the 0.1-percent sales decline in February, March suddenly brought a 0.8-percent decrease in retail sales in the USA. Motor vehicle sales suffered the most, falling by 2.1 percent. The...
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Magazine: A commonplace that is often true: sometimes less is more
Consumer needs shape the laundry detergent category: namely how can manufacturers make it easier for consumers to do the washing? Hungarians like innovative detergent solutions, therefore in comparison with other...
Read moreDo not expect lower strawberry prices
The price of strawberries will not be cheaper in June. Currently it is around 1000-1400 HUF per kilo. Due to the severe frost damages, about 30 percent of the yield...
Read moreMore and more farmers are growing asparagus
Domestic asparagus growers may expect smaller revenues this year, because due to the cool weather the season starts very slow. In some areas, 20-30 percent less was harvested from the...
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Bisnode: payment discipline improves, but the length of the delays increases
The rate of bills paid before deadline increases every year, but in length of the delay in payments a worsening trend can be experienced among the Hungarian companies. This year,...
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Improved consumer sentiment in Europe
Consumer confidence appreciably strengthened in May in the euro zone and in the European Union as a whole – according to the European Commission's preliminary flash estimate that was published...
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Ten billions HUF investment to exploit the thermal water in Tura
A small power plant generating electricity and a giant vegetable production greenhouse is under construction in Tura, Pest County for the utilization of the local thermal water. The preparatory works...
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The Parmesan may reduce high blood pressure
According to a study presented at a New York conference, however, small amounts of Italian cheese can keep hypertension at bay. A serving of Italian Grana Padano cheese – a...
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The more than 100 years old Bečov wines are in excellent condition
Well-known wine experts tasted the West Bohemian Becov nad Teplou Castle’s more than 130 year old wines that were discovered in 1985 and found that the wines are in excellent...
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Combined annual market above 55 billion forints
Toilet paper: sales exceeded HUF 29 billion in January-December 2015. Value sales were up 5 percent and volume sales grew by 3 percent. Stores bigger than 400m² realised 71 percent...
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Wages continue to increase
According to analysts polled by MTI the momentum of wage growth may continue, in the next few months. According to the data of the Central Statistical Office (KSH) published on...
Read moreThe GKI sentiment index increased slightly in May
The decline of the GKI sentiment index has stopped in May. The index declined since January. The index increased slightly. According to the research of GKI (www.gki.hu), carried out with...
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Ukraine plans to increase flour exports
Ukraine intends to increase flour exports continuously in the coming years. Last year, Ukraine exported, a record amount of 257.5 thousand tons of flour, but the half a million tons...
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Chocolate bar and toothpaste commercials reached the most viewers
In the first quarter of 2016 television commercials for chocolate bars, puddings/dairy snacks and fruit juices reached the most viewers, their GRPs were 10,802 points, 9,637 points and 6,480 points,...
Read moreWe drink less beer but chosse domestic
If the size of the country would be based on how many beers the citizens drink a year, the Czechs, would dominate with their consumption of 144 liters per capita....
Read moreFM: Hungary still wants GMO-free practices in crop production
Hungary continues to consider that the principle of precautionary should be applied in connection with any technology of which there is no sufficient data about effects. Nagy István, Parliamentary Minister...
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KSH: the wage growth continued to accelerate in March
In March, the average gross earnings were 6.6, while net earnings were 8.2 percent higher than a year ago. Public workers adjusted, the average gross earnings were 7.2 while net...
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The payment discipline of Hungarian companies has improved
In general, survey respondents in Eastern Europe appear to be more inclined to sell on credit domestically than internationally. On average, 42.9% of the total value of their domestic B2B...
Read moreThe European Union tightens rules on tobacco products
The European Union tightens the regulation on tobacco products – the European Parliament informs on Friday. The European Parliament told that according to the data, one in four young Europeans...
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Buffalo milk producing plant was handed over in Mezőtúr
Buffalo milk producing plant was handed over with a 330 million HUF investment on Friday in Mezőtúr, Jász-Nagykun-Szolnok county. The Italian-Hungarian-owned Italiagro Kft. will make mozzarella and other products primarily...
Read moreMore coherent action and stricter punishments are waiting for the violation of the data protection rules on the online marketing field as well
The majority of web content providers store and use the data of the visitors illegally, many of them built up their campaigns on social networking sites unlawfully. The data protection...
Read moreThe agricultural insurance framework increases by one-third this year
The agricultural insurance framework increases by one-third this year to 4 billion HUF, but because the money comes from EU funds again, the amount will be paid to farmers at...
Read moreThe Szuro-Trade is building a product dryer on the basis of a Hungarian patent
The Nyíregyháza-based Szuro-Trade Termelő Szolgáltató és Kereskedelmi Kft. is building a product dryer on the basis of a Hungarian patent with the supportof the Norwegian Financial Mechanism green industrial innovation...
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Biodiesel is produced in Croatia from Hungarian raw materials
A Hungarian company exported canola oil this year in a value of more than 300 million HUF (1 million euros) to Croatia with the mediation of the Hungarian National Trading...
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