News and articles

OKSZ expect increase in consumption for 2011

Overall, an increase in consumption is expected in trade in 2011 – told Vámos György, the Secretary-General of the National Trade Association (OKSZ) to MTI. According to him; several factors...

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Sió-Eckes targets 8-10% revenue rise in 2011

Hungarian fruit juice company Sió-Eckes targets revenue of HUF 19.5 billion-20 billion in 2011, up 8-10% from 2010, managing director Endre Fazekas told MTI. In 2010, the company's revenue fell...

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Tesco continues expansion despite crisis tax

Tesco considers the crisis tax unfair and deploys its foreign lobby power against it, but apart from this the company plans in long-terms and continues to expand in Hungary –...

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Dairy farmers will have a hard time

Dairy farmers will receive their quota support in January, that is financed by the Hungarian budget and is 6 HUF per liter, which is almost a third lower than the...

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The German Minister of Economic Affairs criticized the special tax

The Süddeutsche Zeitung has published a report on the position of the German Minister of Economic Affairs on Monday. Rainer Brüderle criticized the Hungarian government because of the special tax...

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Seven new food-safety requirements in agriculture

Besides the existing statutory management requirements, seven new requirements need to be met starting from January this year, within the system of cross-compliance. These are mainly animal and plant health...

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The growth of the manufacturing industry slowed in December

In December, the seasonally adjusted value of the Purchasing Managers Index (BMI), became 52.9, which is 1.9 percentage points lower than the data of  November – announced the Hungarian Logistics,...

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We will not get away without price increases this year

Bread and meat are expected to be more expensive, while from May egg prices will increase also. Petrol may cost 5-6 percent more on an annual level. “Due to bad...

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In 2010 German employment broke all records

According to the German statistical office; The country never ever seen so large employment rate. The Average number of the working people was 40.37 million, which is a 197 thousand...

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More people click on Facebook than Google search already

Users in the U.S. no longer click the most on Google search engine, but click on Facebook’s community site – shows the web statisstics of Experian Hitwise. According to the...

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Rice-candy caused the death of seven people!

Seven people have choked to death and five others are in a serious condition after eating traditional glutinous “mochi” rice cakes to celebrate the New Year near Tokyo. The victims,...

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Sexy, naked girls promoting the joy of shopping – video!

Spanish clothing brand Desigual began its winter sales season in a truly original way that made people show up at its store in Madrid in nothing but their underwear. Under...

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Organic strawberries are more nutritious

cientists analyzed 31 chemical and biological soil properties, soil DNA, as well as the taste, nutrition and quality of three strawberry varieties on 13 organic farms and 13 chemical farms...

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Wanted man robbed a grocery store

Shortly after the warrant has been issued against a 33-year resident of Győr, the man took nearly 80 thousand HUF from the counter of a Székesfehérvár-based grocery store – MTI...

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Multinationals protest against the special taxes

Thirteen large European companies wrote a joint letter to the European Commission to protest and to demand penalties, due to additional taxation if the Hungarian government – writes the online...

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Hungarians buy the cheaper sausage even for New Year's Eve

Nowadays Hungarians buy the cheaper poultry sausages. Even at the end of the year, at New Year's Eve as well. About one-fifth, one-sixth of the sausages consumed in Hungary found...

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A quarter less champagne consumed than five years ago

Nowadays, about 30 million bottles of champagne is consumed by the Hungarians annually, it is about a quarter less than five years ago. A total of 225 thousand hectoliters of...

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The public and corporate loans continue to decline

Like in the previous months, households and companies are still net loan repayers. In the case of households, deposits decreased, while in the case of the firms increased. The households...

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Mangalica is getting more and more popular in the U.S. market

Nowadays, thousands of Mangalica are bred in the U.S. Their meat, fat is getting more and more popular, they are four times more expensive than normal pigs. The mangalica meat...

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Free marijuana for food

A California food bank raked in donations for needy families this year after teaming up with a neighboring medical marijuana dispensary to provide complimentary joints to those who donated at...

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Greek retail sales down

Greece’s retail sales volume index fell 8.1 % in October this year, compared with the same month of 2009, after a decline of 15.5 % recorded in October last year....

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SEC investigating Fcebook's IPO

The Securities and Exchange Commission’s probe into trading of Facebook shares on private marketplaces has some asking whether the regulator might pressure the social network to have an initial public...

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2.5 billion HUF fine imposed by MgSZH in a half year

In almost 50 thousand food controls 2.5 billion HUF fine was imposed in the past half year, by the Central Agricultural Office (MgSZH). The professionals took 42,313 samples and carried...

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Most Hungarians go online at home

Eight out of ten Hungarian Internet users go online at home in the first place. Other Hungarians – in fact 8-8 percent of them – opt for net-surfing at their...

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The Customs and Finance Guards do not harass the private pálinka distillers

Since the liberalization of home distillation, the Customs and Finance Guard authority did not identify any violation at private pálinka distillers. According to Sipos Jenő, spokesman; they are not intended...

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The number of unemployed is on its the pre-crisis level in the U.S.A.

Unemployment in the United States decreased by 34,000 people to 388,000, contrary to expectations, that projected 416,000 unemployed. The number of unemployed in the second week of December increased to...

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The product line tracking could help the pig sector

According to a specialist; product line tracking could help the pig sector that could explore the way of meat and a setback black markets. Over the past twenty years, Hungarian...

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We spent 61 thousand HUF per person per month in retail

The Central Statistical Office published the regional differences ofeconomic developments in Hungary last year. The detailed figures show what differences exist between the regions in Hungary. The Hungarian economy's performance...

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MGYOSZ is ready to negotiate over the ban of Sunday the workday

Sunday's work is a serious social and economic issue, therefore, the law should only be amended after discussions with the stakeholders – said Rolek Ferenc, Vice-Chairman of the the National...

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The decrease in turnover threatens the existence of businessmen

More than 45 percent of the Hungarian SMEs that have debts, took up loans to pay to their partners. The loans threaten the private existence of the businessmen, since due...

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