Company and Personal News
Marneváll’s new owner
After the approval of the Hungarian Competition Authority (GVH), it was announced that LDC-Tranzit Zrt. had acquired a 100-percent stake in Marneváll Zrt. Convenience food company Marneváll operates two factories...
Read more
Magazine: Modern wine sector management
Members agreed at the November meeting of the National Council of Wine Communities (HNT) that one of their main tasks in the previous four years had been reorganising the public...
Read more
Almost 900 million HUF development at the Bát-Grill Kft.
The Bátaszék-based company specializing in poultry processing, has upgraded its slaughterhouse with an investment of 870 million forints – the company’s managing director told MTI. The project was funded by...
Read moreThe foreign trade surplus last year was almost 5 billion euros
The value of exports in euro terms increased by 4.0 percent and imports rose 4.8 percent in 2019, and the foreign trade surplus fell by 4.985 billion euros to 535...
Read moreNAV found 27 million HUF worth tax-free cigarettes on the M3 motorway
About 27 million HUF worth tax-free cigarettes were found in a truck on the M3 motorway – the National Tax and Customs Administration (NAV) told MTI on Friday. According to...
Read more
Allen & Overy: a decline in international mergers and acquisitions rates last year
The global Mergers and Acquisitions (M&A) market has seen a decline in international transactions, with investors focusing primarily on their own markets last year – the Hungarian partner of Allen...
Read more
FAO: Food Price Index eases in October as dairy prices decline
Global food prices dipped in October, led lower by dairy products, averaging 27 percent below its all-time high reached in early 2011. The FAO Food Price Index averaged 176.4 points...
Read moreLegislation and subsidies help to increase irrigated areas
The new legislation, which came into effect in January 2020, provides an opportunity to expand irrigated areas in Hungary, for which simplified irrigation development plans can be made and farmers...
Read more
FAO: world food prices continued to increase in January
World food prices have risen in January for the fourth consecutive month, this time mainly due to higher prices of vegetable oils, sugar and cereals. The January Food Price Index...
Read more
Professional federation: the number of students opting for the agricultural engineering profession has increased
In five years, the number of students opting for the agricultural engineering profession has increased by 70 percent, most of them choosing an agricultural career because of competitive income, high-tech...
Read moreEY: Hungarian companies have a lot to do because of Brexit
Hungarian firms have a lot to do with Brexit, with the UK’s exit from the EU. It will most affect the issue of customs and VAT, says EY in a...
Read moreRetail sales in the Czech Republic increased by 4.8 percent last year
Retail sales in the Czech Republic rose 4.8 percent last year, the Czech Statistical Office (CSÚ) said in a statement on Wednesday in Prague. Retail sales growth has been steady...
Read moreRomanian retail sales increased by 7.2 percent last year
Romanian retail sales grew 7.2 percent last year – the Romanian National Institute of Statistics announced oon Wednesday. The increase was mainly due to non-food sales, of which sales increased...
Read more
Israeli scientists plant date palms from two thousand year old seeds in Israel
Israeli scientists planted six date palm trees from the seed from Jesus’ age. Professionals hope to be able to grow a date palm on male-female seeds found in the Judean...
Read more
Euro area private sector’s growth accelerated slightly in January
The year started stronger in the euro area private sector, with economic growth slightly accelerating in January – according to IHS Markit’s Purchasing Manager Indexes. The Eurozone Composite Purchasing Manager...
Read moreUS Import Duties – China halves additional duty on certain US products
China will cut customs duties on certain US products by half – the Chinese state news agency sannounced in a statement Thursday. The measure, which will take effect on February...
Read more
The launch of the new iPhone may delay due to the corona virus
In recent days, a growing number of experts believe that the global role of the Chinese supply companies in the global supply chain will affect the coronavirus companies – mfor.hu...
Read moreKSH: retail sales increased by six percent last year
Retail sales grew by six percent in 2019, according to both raw and calendar-effect adjusted data, after the 6.7 percent of the previous year – the Central Statistical Office announced...
Read moreNielsen: we spent 2.5 trillion HUF in retail in 2019
Hungarians spent nearly 2,500 billion forints in 17,000 business units in 2019, which is a 7 percent increase, compared to the 2018 total annual sales. Sales volume increased by about...
Read more
MNB: household debt increased by 15.6 percent in 2019
Households’ loans increased by 957 billion HUF from last year’s 338 billion HUF to 7,107 billion HUF at the end of last year. It is 15.6 percent higher than a...
Read more
Retail sales in the euro area declined unexpectedly
In December last year, retail trade volumes in the euro area fell more than expected. It is the largest decline since March 2008, and did not reach the expected growth...
Read moreConsumer price growth in Germany accelerated in January
Consumer prices in Germany rose at an accelerating pace in January, bringing inflation closer to the European Central Bank’s target, but the numbers are still not convincing enough for the...
Read more
Hospitality 4.0: Sustainability and innovation help maximize hospitality and profit
Research has shown [1] that consumers are increasingly open to innovative and sustainable hygiene solutions, and that their application can contribute to the competitiveness of the hospitality industry. The new...
Read more
Is the planet approaching “peak fish”? Not so fast, study says
Global fish production will continue to expand over the next decade even though the amount of fish being captured in the wild has levelled off and aquaculture’s previously explosive growth...
Read more
AM: Hungary received 360 billion HUF in support of the food industry development between 2014 and 2020
The Hungarian food industry received more than 360 billion HUF in support between 2014 and 2020, and the next seven-year development plan of the agricultural ministry will pave the way...
Read more
Lidl Magyarország and Aldi will both increase salaries this year
Lidl Magyarország will spend 7.3 billion forints and Aldi 2.5 billion forints for salary increases this year – the companies told MTI on Tuesday. Over the past two years, Lidl...
Read more
Three quarters of the households do not feel financially stronger despite real wage growth
In a survey sent to MTI on Tuesday, GKI notes that between 2014 and 2019, nominal earnings increased by more than 60 percent and real earnings by almost 50 percent....
Read more
All detergents tested by ITM were compliant
All 19 detergents that have undergone consumer protection testing by the Ministry of Innovation and Technology’s (ITM) chemical laboratory have met the specifications. According to an ITM announcement published on...
Read more
The profit and sales of Zwack Unicum decreased
Zwack Unicum Plc.’s first-quarter after-tax profit for the first three quarters of the 2019-2020 fiscal year was 1,964 billion HUF, 41.2 percent lower than the 3,340 billion HUF basis the...
Read more