Market News
Tobacconists expect a positive turn from the amendment of tobacco trade law
Date: 2014-11-20 11:35:57
The Association of the Hungarian Tobacco Retailers (MDKE) evaluate the proposed amendment as a favorable turn. The law regulating the tobacco trade law optimizes the operating conditions, at the same...
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The Tokaj Trading House is filling its cellars with Premium Aszú
Date: 2014-11-20 11:28:40
The Tokaj Trading House closed this year's harvest season with the purchse of 260 tonnes of aszú grapes surpassing the preliminary expectations. Thanks to the successful harvest, the wine company...
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This year’s Food avalanche brought a record crop
Date: 2014-11-20 11:24:35
The Food avalanche programme of the Hungarian Food Bank Association and Syngenta helped more than 13 thousand needy people. On the fields of the 37 participating local governments and non-governmental...
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The tobacco industry representatives oppose the nationalization of tobacco wholesale
Date: 2014-11-20 11:21:38
The tobacco industry representatives considered the latest government bill it unacceptable which would nationalized the wholesale trade of tobacco products without prior professional consultation – the Hungarian Association of Tobacco...
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New York has the world's most expensive shopping street
Date: 2014-11-20 11:12:06
The upper section of New York's Fifth Avenue overtook Hong Kong’s Causeway Bay area, and become the world's most expensive shopping area on the basis of rents – Cushman &...
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Obesity imposes almost as much costs to the world as smoking
Date: 2014-11-20 11:10:09
Obesity imposes almost as much costs to the world as smoking and armed conflict. It has higher costs than either alcoholism or climate change – a US research revealed, which...
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Government subsidises interest rates to help producers’ organisations
Date: 2014-11-20 10:47:00
The government decided to grant interest rate subsidies to Producers’ Sales Organisations (TÉSZ) via the New Hungary TÉSZ Current Asset Loan Programme. MFB Bank implements the programme, in which TÉSZ...
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The Hungarian Advertising still calls for the elimination of the tax on advertising
Date: 2014-11-19 12:10:25
The Hungarian Advertising Association (MRSZ) and the associates of the communications industry ask for the elimination of the tax on advertising again and draw attention to the expected adverse effects...
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The Christmas shopping fever has started
Date: 2014-11-19 11:22:59
While in October only one in ten Hungarians hits the stores for Christmas presents, in November, the third of the population starts to looking for Christmas presents. In Budapset every...
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The tobacco industry’s operators and the tax authorities launched a campaign against the black market
Date: 2014-11-19 11:21:03
The National Tax and Customs Administration (NAV) as well as the domestic tobacco industry players have launched a nationwide campaign against the black market sales of tobacco – was announced...
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The Hungarian National Trading House has signed a strategic agreement
Date: 2014-11-19 11:20:56
The Hungarian National Trading House has signed a strategic cooperation agreement with the Customs, Excise and Service Tax Association on Tuesday. The purpose of the agreement is to jointly explore...
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The product range of the zobacco shops may expand
Date: 2014-11-19 11:19:10
In the future, tobacco shops can sell chewing gums, mints, public transport tickets, and the buyers can upload their mobile phones as well in the tobacco shops – according to...
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The Adecco’s new research will help in job market entry
Date: 2014-11-19 11:18:04
Adecco’s first global study reveales the most important research results related to job search, digital reputation, manpower search in the era of the social media. Adecco Group, the world's leading...
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Can nice people find jobs easier?
Date: 2014-11-19 11:17:06
Nine out of ten jobseekers would be satisfied with less imaginary salary, while slightly more than half of the submitted applications contain statements that do not correspond to reality. The...
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Debrecen will have its own wine
Date: 2014-11-19 11:14:28
Debrecen will have an own wine again: the red and white wines that can bear the Wine of the City title will be presented at wine muster that will be...
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Only consumption growth can save apple farmers
Date: 2014-11-19 09:20:23
Hungary’s Interprofessional Organisation for Fruit and Vegetable (FruitVeB) suggested several solutions how to increase apple sales. These could raise the currently 15kg per capita annual apple consumption level by 10kg....
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Winemakers want higher alcohol content
Date: 2014-11-19 09:08:37
The National Council of Wine Communities would like the European Commission to authorise Hungarian winemakers to increase the natural alcohol content of wines with sugar, by 0.5 percent abv in...
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The CBA, Coop and the Reál are supporting the Sunday shop closure
Date: 2014-11-18 12:20:21
The CBA, Coop and the Reál have the highest turnover (combined revenues of 1,441.4 billion HUF in 2013, 77,000 employees) among the chains in Hungary. Now these three Hungarian owned...
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The sales of daily consumer goods would be prohibited for the large loss making companies
Date: 2014-11-18 12:12:50
From January 2018, the government would prohibit the sales of daily consumer goods for the big companies that have zero or negative net income in two business years in a...
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Stronger consumer demand for quality food products
Date: 2014-11-18 12:10:22
The demand for high-quality, healthy products is becaoming stronger with conscious consumer behavior – said Helik Ferenc, head of the Board of Directors of the priority issues at the National...
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KPMG: the corporate debt market can switch to a higher gear
Date: 2014-11-18 11:40:24
Banks are more optimistic in relation of the future prospects of the corporate debt market – the KPMG sets in the sixth edition of its Corporate Lending Sentiment Index publication....
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More and more people would be their own bosses
Date: 2014-11-18 11:20:38
The flexible forms of employment are given a larger emphasis in Hungary, such as self-employment. Not only globally, but entrepreneurship is getting stronger in Hungary as well: although we have...
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Several dangerous food products were banned
Date: 2014-11-18 11:15:56
The National Public Health and Medical Officer Service (ÁNTSZ) prohibited the distribution of a number of so-called special nutritional food products – was said on the organization's website. The alleged...
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GfK: the domestic market of technical products grew in the third quarter of 2014
Date: 2014-11-18 11:11:41
The sales of long-term technical products increased by 9 percent, in the third quarter of 2014, compared to the same period of 2013. Despite the fact that the market is...
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Optimism in Europe's strongest economy
Date: 2014-11-18 11:10:00
The sentiment index for the assessment of the economic outlook of the Mannheim-based ZEW (Zentrum für Europäische Wirtschaftsforschung) increased much stronger-than-expected in November, while the assessment of the current business...
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NAK and the Medicinal Plant Association and Product Council cooperate
Date: 2014-11-18 10:14:23
The storage room was redesigned, the old drying room was modernised and a new drying room was built at Herbária Zrt.’s plant in Székkutas. The Ministry of Agriculture, the Medicinal...
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Concentration in winemakers’ revenues
Date: 2014-11-18 09:14:22
A recent analysis by Bisnode reveals that the HUF 4.3-billion combined revenue of the ten biggest grape growers represented one third of the sector’s HUF 12.5 billon revenue in 2013....
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Drying with subsidised gas
Date: 2014-11-18 09:10:21
Since the autumn has been wet, certain crops – corn, sugar beet, soya bean, sunflower, potato – are still being harvested. Corn, sunflower and soya bean have higher humidity content...
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Hungary’s fisheries sector on a growth track
Date: 2014-11-18 09:10:20
The Hungarian Chamber of Agriculture (NAK) and the Hungarian Association of Fish Farmers and Fisheries Water Management (MAHAL) signed a cooperation agreement in Kisbajcs. NAK president Balázs Győrffy told that...
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Record turnover of sweets in December 2013
Date: 2014-11-17 12:10:26
Food retail achieved a record turnover from selling sweets last December. People spent more than ever 2.7 billion HUF to around 650 tonnes of sweet gifts – the Nielsen Retail...
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