Market News
No export subsidy on frozen poultry
Date: 2013-09-19 12:10:14
In the second half of the year, the European Union has stopped support for frozen poultry meat. The European Commission confirmed its's decision that was born on 19 July, that...
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Egg market participants urges the reduction of VAT on eggs
Date: 2013-09-19 12:07:09
According to the egg market participants, in addition to the to poultry and pork meat cuts, the VAT on eggs has to be reduced also. In their opinion, a VAT...
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Why the new cash register is so expensive?
Date: 2013-09-19 12:06:08
Although the Economy Ministry studied the international examples, finally made such conditions that new cash machines should be installed – said the Ministry to the questions of www. ado.hu, that...
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GMO-free honey producers may gain advantage
Date: 2013-09-19 11:30:12
Hungarian beekeepers can gain advantage on the European Union’s market, if it will be indicated mandatory that the honey contains genetically modified (GMO) pollen. In Hungary only GMO-free honey is...
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Magazine: Household chemicals and cosmetics trends
Date: 2013-09-19 10:17:37
In January-April 2013 retail sales of household chemicals and cosmetics amounted to more than HUF 97 billion, 1 percent more than in the same period of 2012; as for volume...
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70 billion increase in turnover before the cash register replacement
Date: 2013-09-18 13:00:42
Entrepreneurs reported seventy billion HUF higher sales during the spring and summer months, in sectors where tax frauds are greater than the average – Magyar Nemzet wrote. The ministry considers...
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Savings Bank: improving growth prospects in the Hungarian economy
Date: 2013-09-18 12:00:55
According to the current macroeconomic forecasts of the Savings Bank, the growth prospects of the Hungarian economy are improving. The bank's analysts expect a 0.7 percent GDP growth for 2013...
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Terra Hungarica: stricter principles in natural winemaking
Date: 2013-09-18 11:35:43
Stricter principles were added to the Terra Hungarica Charta, which includes natural winemakers of the Carpathian Basin. The thirty members of Terra Hungarica Charta will present their wines at the...
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The unified deposit system can be built out after the 2014 elections
Date: 2013-09-18 11:26:11
The Ministry of Rural Development (VM) would introduce the unified deposit system after the 2014 elections. The system would generate an annual turnover of 90-100 billion HUF, with a 10...
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The corn and sunflower harvest has begun in Fejér county
Date: 2013-09-18 11:05:38
The corn and sunflower harvest has begun in Fejér county, while most of the winter rape, and 40 percent of winter barley has been sown – Czetnerné Kócsa Márta head...
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Good quality grapes in Villány
Date: 2013-09-18 11:00:26
Good quality, average amount of grape production is expected in the wine region of Villány this year. Nagy Gergely, secretary of the Villány Wine Region Mountain Village Council told MTI...
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KSH: the growth in industrial production is led by the food industry and the manufacturing industry
Date: 2013-09-17 12:15:43
Industrial production grew by 4.8 percent in July compared with a year earlier. The main driving forces were working day affect, food industry and the manufacturing industry – the Central...
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Deposit fee on plastic bottles from the next year
Date: 2013-09-17 12:14:04
The government plans that from 2014, a 30 HUF deposit fee would burden the plastic bottles, PET bottles, bottles made of glass and yogurt cups as well. State Secretary Illés...
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Magazine: Ladies purchase enough intimate hygiene products to last for a month
Date: 2013-09-17 11:19:17
According to Anita Boros, PR manager with P&G, sales of women’s intimate hygiene products didn’t drop in the recession period. Her experience is that modern women carefully choose the products...
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SMEs do not really interested towards the small business tax
Date: 2013-09-17 11:11:39
The vast majority of the businesses knows about the small business tax (Kiva) that was introduced earlier this year. The number of those, who have registered to use this kind...
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The foreign trade surplus of the EU and the eurozone increased in July
Date: 2013-09-17 11:10:10
The foreign trade surplus of the EU28 and the eurozone increased in July, compared to June and July last year – the European Union's statistical office, the Eurostat announced on...
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New vegetable snack targets healthy eaters
Date: 2013-09-17 09:00:00
Food researchers in Italy have developed a new process for the formulation of vegetable-based snacks in a bid to bridge the gap between fast, on-the-go snacking and meeting consumer health...
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The special taxes are threatening the future of the Hungarian food products
Date: 2013-09-16 12:10:13
The domestic food industry may run into a lack of competitiveness for decades, due to the special taxes imposed on the sector. Over the past three years, the variety of...
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Supply Chain Initiative ready for launch
Date: 2013-09-16 11:53:52
On Monday 16 September 2013, AIM and six other EU level trade associations will be launching “The Supply Chain Initiative – together for good trading practices”. The Initiative promotes fair...
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The FruitVeB and the NAK proposes a reduction in VAT in case of vegetables and fruits
Date: 2013-09-16 11:50:48
In addition to the meat industry, the Hungarian Fruit and Vegetable Interprofessional Organization (FruitVeB) and the National Association of Agricultural Economics (NAK) considers the reduction of VAT in the fruit...
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Biofuels: the limitation would be beneficial for the livestock breeders
Date: 2013-09-16 11:30:15
The Poultry Products Council (BTT) agrees with the European Union to repress the production of biofuels. The European Parliament adopted a position, that the use of conventional biofuels in transport...
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US retail is expanding slower
Date: 2013-09-16 11:02:39
After the 0.4 of July, U.S. retail sales grew just by 0.2 percent in August. Analysts expected 0.4 percent. The U.S. retail growth was the lowest since April. If the...
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Gamay harvest is delayed in Sopron
Date: 2013-09-16 10:58:54
Because of the bad weather the start of the harvest of Gamay is in late around Sopron – Taschner István chairman of the local municipality told MTI on Monday. Taschner...
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The NGM does not afraid of loopholes
Date: 2013-09-13 12:20:42
The Ministry of National Economy (NDM), does not expect the widespread of invoices instead of giving receipts. The ministry believes that the entrepreneurs will choose the new online cash machines...
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Egg powder made of plants is marketed in the U.S.
Date: 2013-09-13 10:55:44
A radical ‘artificial egg’ backed by Paypal billionaire Peter Thiel and Bill Gates goes on sale in US supermarkets for the first time on Wednesday. Made from plants, it can...
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KSH: a drop in agricultural producer prices in July
Date: 2013-09-12 12:17:02
In July, due to a fall of fruit and grain prices – agricultural producer prices declined by 2.3 percent, compared to a year earlier – the Central Statistics Office (KSH)...
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The BKIK, OKISZ and the KISOSZ want officially fixed online communication fee
Date: 2013-09-12 12:15:14
The Budapest Commerce and Industry (BKIK), the Hungarian Industrial Association (OKISZ) and the National Federation Traders and Caterers (KISOSZ) aims to represent the socio-economic interests of their members as well...
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Madosz: growing illegal cigarettes trade
Date: 2013-09-12 12:00:57
Illegal cigarette sales are increasing and the black market of producer tobacco is getting stronger – the President of the Hungarian Tobacco Growers' Association (Madosz) said on Wednesday at a...
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Manpower: the Hungarian labor market is characterized by pessimism
Date: 2013-09-12 11:57:26
Pessimism characterizes the Hungarian labor market: in the last quarter of 2013, 11 percent of the employers are planning redundancies, while 8 percent plans recruitment, and 69 percent of them...
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Nielsen: food retail trends in the second quarter
Date: 2013-09-11 12:40:37
The Hungarian food retail turnover remained unchanged in the second quarter of this year, compared to the comparable period of the last year. The main reason is that the pace...
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