Market News
KSH: industrial production grew by 5.5 percent in September
Date: 2013-11-15 12:10:52
In September, industrial production was 5.5 percent higher than in the previous year. The automotive industry and the related supplier industries were the main driving force behind the growth of...
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The crackling scone was registered as a Hungarian specialty in the European Union
Date: 2013-11-15 12:09:54
The Hungarian crackling scone was included to the list of “traditional special products” – the European Commission announced on Thursday. MTI Photo: Soós Lajos According to the product description; the...
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Czerván : annual 4.7 million euros support to the Hungarian apiaries
Date: 2013-11-15 12:09:48
The Hungarian apiaries will receive an annual funding of 4.7 million euros with the 50-50 percent withholding provision of the European Union and the Hungarian government – Czerván György, Minister...
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Chocolate makes you smarter
Date: 2013-11-15 10:03:21
Chocolate isn't usually on the diet for snails, but when Lee Fruson and Ken Lukowiak from the University of Calgary, became curious about the effects of diet on memory, they...
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Calorie labels fitted to staircases
Date: 2013-11-15 09:56:52
Stairwells in public buildings will be labelled as exercise apparatus under a government-backed scheme to make office workers and commuters across Britain fitter. Trials at three large office buildings found...
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2% of Chinese people consume 1/3 of world's luxury items
Date: 2013-11-15 09:04:04
Some 27 million Chinese people, or two percent of the country's total population, are reportedly consuming one third of the world's luxury items, including cosmetic products, private jets, jewellery, timepieces...
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KSH: GDP grew by 1.7 percent in the third quarter
Date: 2013-11-14 12:50:58
Hungary's gross domestic product (GDP) rose by 1.7 percent in the third quarter, compared to the same period of the last year, while compared to the second quarter the economy’s...
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Analysts expect a further acceleration of GDP growth in the fourth quarter
Date: 2013-11-14 12:32:42
Banking analysts expect a further acceleration of economic growth in the fourth quarter of the year, after the positive GDP datas of the third quarter. According to the Ministry of...
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The animal breeder will loose on VAT reduction
Date: 2013-11-14 12:22:42
The VAT reduction on living and half-pigs to 5 percent – despite the intentions and declarations – will not provide a meaningful solution against the black economy and will not...
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VM: 60 percent of the tested foods met the requirements of the Hungarian product regulation
Date: 2013-11-14 12:11:05
The control of food products using the Hungarian product labeling is underway since September after a grace period of one year – Kardeván Endre, Minister of State of the Ministry...
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Feldman: VAT reduction on pigs is an integral part of government program, that aims to recover the sector
Date: 2013-11-14 12:10:05
The VAT reduction on living and half-pigs is organically integrated into the government program, that aims to recover the pig sector – Feldman Zsolt, Deputy Minister of State of the...
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New applications will open for the development of animal husbandry and food processing technologies
Date: 2013-11-14 12:00:54
New applications will be announced for the introduction of animal husbandry and food processing technologies, from the sources of the Rural Development Funds. Búsi Lajos, Minister of State of the...
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GDP – Growth-prognosis is helped my LOndon analysists
Date: 2013-11-14 11:30:52
According to JP Morgan, it had significantly upgraded its forecast for Hungary’s GDP growth on the back of a robust auto sector and the simultaneous fiscal and monetary easing. London's...
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Strawberry in the warm weather
Date: 2013-11-14 09:16:54
The warm and sunny autumn-time has led to an early… or late strawberry growth at certain frms in mid-November…...
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Charge-free cash withdrawal enacted
Date: 2013-11-13 12:39:56
Over the past one year, the costs of banking services have increased significantly and in order to decrease them the National Assembly today adopted an amendment which stipulates the free...
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The first PC-based online cash register was installed
Date: 2013-11-13 12:30:28
The first PC-based online cash register, developed by the Laurel Group was installed at a national tobacco shop in Székesfehérvár. The first PC-based cash register system is approved by the...
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KSH: agricultural producer prices decreased in September
Date: 2013-11-13 12:29:32
The agricultural producer prices fell by 13.7 percent in September, compared with a year earlier – the Central Statistics Office (KSH) published on Wednesday. In particular, prices of crop products...
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Consumer Protection Authority: not all checked lactose-free products are lactose-free
Date: 2013-11-13 11:12:39
Most of the products sold as lactose-free products, tested by the National Consumer Protection Authority (NFH) met the requirements, but in two cases almost double the amount of lactose was...
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The government launches a food industrial working capital loan program
Date: 2013-11-13 11:08:47
The MFB Hungarian Development Bank announces a food industrial working capital loan program. The food industrial working capital loan program of the MFB Hungarian Development Bank has a budget of...
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The harvest in the Tokaj-Hegyalja wine region soon to be finished
Date: 2013-11-13 11:00:26
The harvest soon to be finished in the Tokaj-Hegyalja historic wine region. This year, the quality of the grapes and the Aszú is outstamding. The region's largest grape purchaser and...
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Medium-sized companies are looking for partners in Singapore, too
Date: 2013-11-13 09:45:50
The Hungarian embassy has been playing an important role in fostering and maintaining bilateral relationship between Hungary and Singapore. It has created many business opportunities for companies in both countries...
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Seven out of ten customers “reward” the loyalty programs
Date: 2013-11-12 13:10:37
In Hungary, only 46 percent of the consumers are buying in stores that offer loyalty programs to their loyal customers. But there's a demand: seven out of ten Hungarians prefer...
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Inflation is below one percent
Date: 2013-11-12 12:48:38
In October, the annual inflation rate was 0.9 percent, the consumer prices fell by an average of 0.3 percent, compared with the previous month – the Central Statistics Office announced...
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GfK: Nearly one in three customers buys fresh fruit or vegetables
Date: 2013-11-12 12:46:57
Nearly one in three customers buys fresh fruit or vegetables. When buying fresh products to buy products of Hungarian originis important for consumers – GfK’s recent survey, sent to MTI...
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VAT revenues have increased and three new regulation to come
Date: 2013-11-12 12:45:35
Value Added Tax revenues increased by 13 percent between May and October 2013, compared to last year. According to Pankucsi Zoltán, Deputy Minister of State of the National Economy Ministry,...
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Mall Construction fever in Turkey and in Russia
Date: 2013-11-12 12:38:07
In the first part of 2013, more mall spaces were handed over in Russia than in any other European country. The second in this race became Turkey. Half of the...
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The NAK creates a unified farmer support network
Date: 2013-11-12 12:30:17
According to the cooperation agreement with the government, the National Agricultural Association concentrates information, consultancy and other activities designed to improve the preparedness of farmers into one unified system –...
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You can smoke e-cigarettes anywhere in Italy
Date: 2013-11-12 11:40:04
The earlier restrictions on electronic cigarettes were terminated in Italy. You can smoke e-cigarettes anywhere in Italy, even in places where tradtional cigarettes cannot be smoked. With the exception of...
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Ericsson: number of Smartphone subscribers to be tripled by 2019
Date: 2013-11-12 11:30:47
The number of mobile subscriptions in the world will increase to 9.3 billion by 2019 from the current 6.6 billion, while the number of smartphone subscribers will triple by 2019...
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FDA moving to ban trans fat from processed foods
Date: 2013-11-12 10:11:38
The Food and Drug Administration acknowledged Thursday for the first time that trans fats are unsafe, and took steps toward banning the artery-clogging substance from scores of food products. The...
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