Market News
KSH: lowest inflation since 1974
Date: 2013-09-11 12:03:24
Annual inflation rate was lower than expected in August; 1.3 percent. It is the lowest level for almost 40 years. Lower inflation rate was measured last time in June 1974;...
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Varga Winery: 2013 will be the year of Hungarian species
Date: 2013-09-11 12:01:04
Only the traditional Hungarian varieties could benefit from this year's weather, so if the weather will remain extreme in the following years, it can strengthen the market penetration of the...
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State guarantee for the distributors of online cash machines
Date: 2013-09-11 11:58:12
The Ministry of National Economy (NGM) undertakes a state guarantee for the distributors of online cash machines, to provide the best possible loan options for them. The ministry’s communication sent...
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NGM: another cash machine was marketed
Date: 2013-09-11 11:54:34
A new, online cash register able to online data transfer has received marketing authorization, so those who obliged to cash register replacement can choose among fifteen machines – the Ministry...
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GfK: meat varieties on top of the popularity list
Date: 2013-09-10 12:37:12
Our compatriots like and often prefer to consume meat. According to the datas of GfK Hungária, the poultry and pork consumption’s popularity is similar, while the popularity beef and venison...
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Cash registers: An up to 50 thousand forints support for 110 thousand cash registers
Date: 2013-09-10 12:30:21
Until yesterday 189 thousand entrepreneurs asked the NAV for a registration code. This is 19 thousand more than was previously expected by the tax authorities. The NAV announced that 130...
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Less corn and sunflower grown in Vas county
Date: 2013-09-10 11:55:57
Based on preliminary estimates, the corn and sunflower yields will be smaller in Vas county County, than in the past few years. Corn yields are expected to be 5-5.2 tonnes...
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The School Fruit Program continues
Date: 2013-09-10 11:50:17
Half a million primary school pupils receive fresh fruits every second day from Monday in the scope of the National School Fruit Program. This year, the opportunity was extended to...
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High-quality Hungarian agricultural products have good chances on the Chinese market
Date: 2013-09-10 11:45:59
China has a growing need for the import of agricultural and food products and Hungary has good chances on the Chinese market – Czerván György, Minister of State of the...
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The agricultural chambers of the V4-countries call on the decision-makers to support the biofuels
Date: 2013-09-10 11:42:08
On the three day meeting of the Chambers of Agriculture leaders of Czech Republic, Hungary, Poland and Slovakia (V4-countries), the representatives of agri-producers called on European policy makers to support...
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Another cartel case in the German food industry
Date: 2013-09-09 11:10:42
The German Cartel Office is investigating on the sausages market this time after the investigations on the chocolate and potato market – the Süddeutsche Zeitung wrote. About two dozens of...
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Budapest appreciated thanks to the low cost flights
Date: 2013-09-09 09:34:12
Budapest appreciated: Hungary’s capital has been included among Europe's ten most attractive tourist destinations. Budapest has popularity especially among the foreign young people – the head of one of the...
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Tobacconists are panicking that they shouléd indicate the price of cigarettes per pieces
Date: 2013-09-06 12:35:16
A minor panic broke out among the tobacconists, since some news spread that the consumer protection agency fines if tobacconist do not indicate the price per cigarette. The National Tobacco...
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The key objective of rural development will be a build-up Short Food Supply Chains
Date: 2013-09-06 12:31:51
One of the priorities of rural development is the establishment of Short Food Supply Chains in the EU budgetary period between 2014-2020, which means the reduction of the distance between...
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The OTP would increase its agricultural credit placements by an annual average of 10-15 percent
Date: 2013-09-06 12:30:40
The OTP Bank aims to become a leader in the agricultural lending market in the following years. The bank would increase its agricultural credit placements by an annual average of...
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According to the Hungarian government, the retail surplus tax did not violate the directive on Value Added Tax
Date: 2013-09-06 12:02:18
The Government argues that the burden on retail activity violated the directive on the common value added tax, because the tax does not present any of the four characteristics of...
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HENT: counterfeiting causes a serious damage to the quarter of the companies
Date: 2013-09-06 12:00:53
In Hungary, a quarter of firms are badly affected by counterfeiting, but most of them are doing nothing to prevent it – the recent research of the National Anti-Counterfeiting Committee...
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Fish production: the target is 30 thousand tons
Date: 2013-09-06 11:54:34
The task is to increase the current annual 20 thousand tons of fish production in Hungary to 30 thousand tons gradually. EU support can be also used as well –...
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Fazekas Sándor appointed a Ministerial Commissioner responsible for the renewal of the grape and wine industry
Date: 2013-09-06 11:03:36
Fazekas Sándor Minister for Rural Development appointed Kiss Eliza to Ministerial Commissioner, who will be responsible for the renewal of the wine communities and for the development of the grape...
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Analysts expect growing retail trade
Date: 2013-09-05 13:00:09
Analysts, interviewed by MTI expect growing retail trade. The National Economy Ministry shares the same view. According to the Wednesday report of the Central Statistics Office (KSH), the calendar-adjusted volume...
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Hungary is 63rd in the competitiveness rankings
Date: 2013-09-05 12:50:12
Hungary is 63rd in the World Economic Forum’s (WEF) Global Competitiveness rankings published every year. The 63rd place is three places lower than in the last year – the Kopint-Tárki...
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The special retail tax does not discriminate foreign companies, but can harm the EU’s VAT directive
Date: 2013-09-05 12:12:41
According to the Competent Advocate General of the European Court of Justice, the special tax, imposed on retail companies in Hungary does not discriminate the foreign companies, however, it can...
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Euro zone’s GDP increased in the second quarter
Date: 2013-09-05 12:10:22
Compared to the first quarter, Euro zone’s GDP increased in the second quarter, while it was decreased compared to a year earlier – the EU's statistical office, the Eurostat published...
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Hungarian pepper cultivation faces growth
Date: 2013-09-05 12:02:27
The Hungarian pepper cultivation has positive outlooks. The 170 thousand tons of production may rise further next year. The development supports and the use of thermal energy can help to...
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Beijing’s subway lets you pay with PET-bottles
Date: 2013-09-05 10:29:46
Beijing’s subway line 10 has introduced reverse vending machines which allow travellers to offset their transit costs by recycling. Recycling for a reward. The manufacturer of the machines, Incom says...
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KSH: GDP grew by 0.5 percent in the second quarter
Date: 2013-09-04 13:00:53
The gross domestic product (GDP) increased by 0.5 percent in the second quarter of this year, compared to the same period of the previous year and increased by 0.1 percent,...
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Analysts say that the increase in investment and consumption is encouraging
Date: 2013-09-04 12:59:20
The second-quarter increase in investment and consumption is an encouraging sign – analysts of MKB at ING said. However, the analysts called attention to the fact, that the momentum in...
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KSH: retail sales volumes rose by 1.2 percent in July
Date: 2013-09-04 12:55:16
In July, the calendar-adjusted volume of retail sales rose by 1.2 percent, compared to the same period of the last year – the Central Statistical Office (KSH) announced on Wednesday...
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This year 78 applications won a Hungarian Quality Product Award
Date: 2013-09-04 12:49:14
This year, 78 applications of 65 companies won the Hungarian Quality Product Award, that was allocated for the 16th time. The recognition were handed over in the Parliament on Wednesday....
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Hungarian wines at the G20 Summit
Date: 2013-09-04 12:10:05
The participants of the G20 summit in St. Petersburg can taste a selection of Hungarian wines. After almost half a year selection process, the Russian administration officials found four Hungarian...
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