Events
Grocery retail in top form
In the December 2014-May 2015 period grocery retail sales amounted to HUF 750 billion in the 90 categories audited by Nielsen. In value sales were 4 percent higher than in...
Read moreMagazine: What we are proud of
Cserszegi Fűszeres Made using reductive technology, this is a fragrant wine with characteristics similar to those made from Irsai Olivér grapes. A spicy, light and elegant wine, with harmonic acidity....
Read moreHungarian pork exports continue to grow in China
The Certification and Accreditation Administration of the People's Republic of China gave permission for another two Hungarian companies to deliver pork to China. The two companies are the Pick Szeged...
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The Nébih tested special salts
The National Food Chain Safety Office (Nébih) tested special salts – for example, iodinated, fluorinated or reduced sodium content salts. As the result of the investigation public proceedings were initated...
Read moreGfK: the mobile internet is spreading rapidly
Internet usage on phone or tablet is increasingly shifting towards mobile internet technology; Last year, 23 percent of users have used most of this modality, and the stationary wifi hotspots...
Read moreIncreasing Purchasing Managers' Index
The seasonally adjusted value of the Purchasing Managers' Index (PMI) was 55.8 points in September, 4.8 percentage points higher than in August. The respondents evaluated the economic processes more favorable...
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Consumer protection fines may decrease if the company is trying to comply with the law
The Competition Authority (GVH) can soften the fines in consumer protection cases, if the business justify its substantive efforts to ensure regulatory compliance – the Hungarian Competition Authority (GVH) on...
Read moreThe VAT on several basic foods will decrease in Slovakia from January
From next January, the VAT on several basic foods will decrease in Slovakia from 20 percent to 10 percent – the bill was approved on Thursday by the parliament. The...
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Eurostat: for 2080 almost one third of the EU's population of will be over 65
The European Union (EU) population is steadily aging. While in 2014, 18.5 percent of the total population was over 65, by 2080 this proportion is expected to reach 30 percent...
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Cheese to be made from powdered milk in Italy too?
The European Commission would like Italy to end the ban on the use of milk powder, condensed milk and reconstituted milk in manufacturing cheese and other dairy products. The Italian...
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Non-salary benefits
For benefits offered as a package the so-called ‘HUF 500,000 rule’ is discontinued and the concept of the framework sum is introduced, together with the recreational framework sum. In the...
Read moreEuropean standards
On 12 June 2015 the government issued decree 1387/2015 (VI. 12.) on the usage of International Financial Reporting Standards (IFRS) for annual reporting purposes in Hungary. The standards will be...
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The retail real estate market is becoming more expensive in Budapest
The retail real estate market is becoming more expensive in Budapest – the latest analysis of the CBRE global real estate consultant was published by portfolio.hu. The supply of new...
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MNB: the spread of the touch cards increases the number of transactions
In the second quarter of the year, the use of electronic payment devices continued to increase primarily due to the significant expansion of the payment card infrastructure. The number of...
Read moreThe Hungarian honeys are also promoted at the Milan Expo
The Hungarikum Week started on Monday. The most popular, high-quality Hungarian honeys will also be showcased in the Hungarian Pavilion at the Expo in Milan with the professional guidance of...
Read moreThe best white wines were chosen
From the more than half thousand white wines 265 items got into the White Wine Excellence, which will also appear in the forthcoming wine book of excellences – the agrarszektor.hu...
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Bisnode: The sales revenue of the Hungarian companies increased by 1.47 percent in 2014
The sales revenue of the Hungarian companies grew by 1.47 percent in 2014. The companies produced a total of 82,000 billion HUF revenue on the basis of more than 384...
Read moreHungary worsened the World Economic Forum's competitiveness list
Hungary is ranked 63rd on the competitiveness list of the World Economic Forum, on the basis of the Global Competitiveness Index (GCI). In last year’s survey Hungary was the 60th...
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Organic-coal instead of synthetic fertilizers
A European Union funded project led by Hungarian experts developed a technology aims to produce organic-coal that can replace conventional fertilizers. In the survey 14 partner companies and 10 European...
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The services and vending machines can be also wired to the NAV
The use of Online Cash Registers can be required in the service sector for additional businesses – the Világgazdaság Online quotes Varga Mihály. According to the Minister of Finances, the...
Read moreThe infectious jaundice also appeared in the vineyards of Somogy County
The infectious jaundice also appeared in the vineyards of Somogy County. The experts detected the infection in the vicinity of Karád around. A quarantine has been ordered within a one...
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Modifications in the competition law
Hungary’s Competition Act (Act 57 of 1996) is being amended in order to enforce competition law requirements with greater efficiency by improving the Hungarian Competition Authority’s (GVH) procedures and to...
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Modifications in the competition law
Hungary’s Competition Act (Act 57 of 1996) is being amended in order to enforce competition law requirements with greater efficiency by improving the Hungarian Competition Authority’s (GVH) procedures and to...
Read moreMagazine: Tobacco products from a single distributor
Tabán Trafik Zrt.’s consortium has been given the rights for operating the new central tobacco product supply system in controversial circumstances. This story may continue in Brussels, but at the...
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The egg association also calls for VAT reduction
The Hungarian Egg Association would like to include the eggs into the circle of food products that are in the reduced, 5 percent value added tax (VAT) category – the...
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The Market Hall and Event Center in Újpest will be built from five billion HUF
The winner of the tender for the design and construction works of the market hall and event center announced by the UV Újpesti Vagyonkezelő Zrt. became the Hídépítő – Soletanche...
Read moreThe speeding up of the internet development results in a competitive advantage
The government has therefore decided that the building out of the domestic broadband network should be ready in 2018, two years before the EU requests it. Solymár Károly Balázs, Deputy...
Read moreKSH: the number of employed continued to increase
The average number of employees increased to 4 million 251 thousand in the June-August period. It is 27 thousand more than in the previous three-month period and 134 thousand more,...
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Improved consumer confidence in the world's largest economy
Instead of the expected decline, the Conference Board’s consumer confidence index moderately increased in the United States in September. The consumer confidence index of the Conference Board nonprofit economic research...
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