Market News
China pressuring NYU?
Date: 2013-11-12 08:22:39
Chinese dissident Chen Guangcheng, who was allowed to travel to the US after escaping from house arrest, says New York University is forcing him and his family to leave at...
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Retail achieved 1170 billion HUF revenues from food sales in ten months
Date: 2013-11-11 13:30:37
Food retail revenues remained stable, from the sales of the ninety food categories continuously measured by Nielsen. Between December 2012 and September 2013 food retail revenues remained stable, compared to...
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Following the stolen twenty billion HUF meat VAT
Date: 2013-11-11 13:10:17
The government decided to reduce VAT on pork . The Value Added Tax of live-and half-carcased pigs will be reduced to 5 percent, from the current 27 percent from 1...
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A decline in consumer spendings
Date: 2013-11-11 12:50:44
In 2013, the monthly amount of household expenditure per capita was 64 300 HUF, the survey of the Central Statistical Office (KSH) shows. The volume of consumer spendings fell by...
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Less educated people consume more beer in Hungary
Date: 2013-11-11 12:41:06
The survey was made with Polish and Hungarian participants analyzed beer consumption and purchasing habits among other things. It turns out, inter alia, that beer is not the drink of...
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European Trade Day: the NGM would accelerate the cash register replacement with regulation amendment
Date: 2013-11-11 12:40:52
The Ministry of National Economy (MNE) would like speed up the cash register replacement, so in a new, regulation that will be published this week, the Ministry will require strict...
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The NAV found eleven tons of illegal meat
Date: 2013-11-11 11:10:13
The National Tax and Customs Administration (NAV) and the National Food Chain Safety Office (Nébih) struck down to an illegal meat shipment on Friday morning at a parking lot in...
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9-percent market expansion in value
Date: 2013-11-11 09:25:02
In the flour category – including semolina and bread mixes – sales improved by 9 percent in value in the December 2012-July 2013 period. In the examined eight months the...
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The VAT on pigs will be reduced to five percent from 1 January
Date: 2013-11-08 12:50:14
The Value Added Tax of live-and half-carcased pigs will be reduced to 5 percent, from the current 27 percent from 1 January 2014. The decision will enter into force, with...
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FruitVeB: the fruit and vegetable strategy can only be implemented with a 5 percent VAT
Date: 2013-11-08 12:40:51
The president of the Hungarian Fruit and Vegetable Interprofessional Organization and Marketing Board (FruitVeB) told MTI on Friday in Budapest, that the fruit and vegetable sector strategy, which is under...
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The protection of origin is strengthening at the Tokaj wine region
Date: 2013-11-08 12:20:31
The Mountain Village Board of the Tokaj Wine Region aims to strengthen the protection of the origin of the Tokaji wines by modifying the standards. New values will be determined...
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Inflation rising in China
Date: 2013-11-08 10:59:31
China's annual inflation climbed to an eight-month high of 3.2 percent in October as food costs soared, fanning market worries about policy tightening as factory output and investment data pointed...
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OKSZ: Christmas gifts or cash register replacement
Date: 2013-11-07 12:50:27
According to the National Retail Federation (OKSZ) it is impossible to complete the cash register replacement by 31 December 2013, as it is wished by the Ministry of National Economy...
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Legal tobacco market is on slope
Date: 2013-11-07 12:00:39
The legal tobacco market continued to decline In October. According to preliminary datas, only 18 billion HUF excise tax revenue has flowed into the budget – portfolio.hu describes the datas,...
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Member States can decide over the authorization of genetically modified maize
Date: 2013-11-07 11:40:17
Following the judgment of the European Court of Justice, the decision will be submitted to the Council of the European Union, ie. the national agricultural ministers will decide on whether...
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Magazin: Consumers reward themselves, but they also make compromises
Date: 2013-11-06 12:16:34
Túró rudis and dairy snacks can be considered the mixture of countline chocolate and dairy products. The collective term for these products is chilled milk desserts. Basically the category satisfies...
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Pálinka distilling is free for three years
Date: 2013-11-06 12:15:31
Harvest was good this year from fruits that are the base materials of pálinka. The trend continues, that more and more people are distilling their mash by using the limited...
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No big buck in tobacco in Somogy
Date: 2013-11-06 12:06:32
The Coop supermarket chain terminated its tobacco sales in six settlements of Somogy county, because the chain can not undertake the several hundred thousand HUF IT investments to meet the...
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NMHH: more than half of the commercial television shows contain product placements
Date: 2013-11-06 12:00:41
More than half of the programs of the commercial broadcasters contain product placements in addition to trade advertisings – the National Media and Communications Authority’s (NMHH) report investigating the second...
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Decline in retail sales in the EU and in the euro zone
Date: 2013-11-06 11:57:04
Retail sales decreased by 0.6 percent in the euro zone and by 0.3 percent in the European Union in September, compared with the previous month. Compared to September 2012, retail...
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Mazars: the NAV checks the payments of the environmental product fee
Date: 2013-11-06 11:55:01
Checks on environmental product fee are priority areas this year for the National Tax and Customs Authority (NAV). While in case of other taxes, the tax penalty is equal to...
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NGM: there will not be a new deadline
Date: 2013-11-05 12:57:17
The deadline of the online cash register replacement will not change to 31 May 2014 – the National Economy Ministry (NGM) told. The NGM said that even in the case...
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The revival of micro-enterprises
Date: 2013-11-05 12:25:42
Although the economic outlooks remains unfavorable for the investment and borrowing mood of the micro-enterprises, the majority of long- term thinking companies have realized that bank funds are essential to...
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OKSZ: it is impossible to finish the cash register replacement this year
Date: 2013-11-05 12:05:47
According to the National Retail Federation (OKSZ) it is impossible to complete the cash register replacement by 31 December 2013, as it is wished by the Ministry of National Economy...
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Global wine production is not keeping pace with consumption
Date: 2013-11-05 12:04:21
The world's wine production is below the global wine consumption. Therefore price increases are expected on the global wine market – Morgan Stanley warns in its fresh analysis. The growing...
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Christmas gift-giving at companies has fallen sharply
Date: 2013-11-05 12:03:36
The christmas gift orders of the companies decreased sharply, both in volume and value: less than one-fifth of the firms are giving Christmas presents, while 10 years ago, twice as...
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MLSZKSZ : there will be combined transportation in Hungary again
Date: 2013-11-05 12:01:28
The competitiveness of the Hungarian domestic multimodal transport has increased significantly, due to the introduction of the e- toll. The Hungarian Association of Logistics Service...
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The Hungarian Fruit and Vegetable Sector Strategy is under public consultation
Date: 2013-11-05 12:00:37
The Hungarian Fruit and Vegetable Sector Strategy of the Ministry of Rural Development was released for public consultation on Monday. The strategy aims to produce more than 3.5 million tons...
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Magazin: Coffee consumption increases above the age of twenty
Date: 2013-11-05 11:03:38
One quarter of young people drink coffee daily in one form or another and one third of them can be called regular coffee drinkers (sipping a cup of coffee every...
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Czerván: strengthening cattle sector, increasing milk production
Date: 2013-11-04 12:28:33
The cattle sector can be strengthened with proper preparation after the existing milk quota system of the EU will be terminated from 2015, which determines the amount of milk that...
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