Market News

Budai Gyula: the government solves the problems in the meat industry

Budai Gyula, Secretary of State of the Ministry of Rural Development (VM) was negotiating over the issues of the meat sector at the Sajó-hús Kft. on Wednesday in Felsőzsolca, where...

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Hungary also received lasagne made of horse meat

Hungary also received lasagne made of horse meat – National Director of Food and Feed Safety department of the National Food Chain Safety Office (Nébih) told MTI. It was expected...

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It will be tough where there is no mobile data connection

According to the release of NAV, retailers will need mobile connectivity if they want to meet the requirements of the online cashier system. In special cases, exemptions may be granted,...

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Twenty thousand packets of cigarettes were seized in Tata

When checking an Italian shipment twenty thousand packs of cigarettes were without tax stamps – the press officer of the Mid-Transdanubian Regional Crime Directorate of the National Tax and Customs...

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POPAI Hungary Association celebrates its 10th birthday this year

POPAI Hungary Association celebrates its 10th birthday this year. ‘Innovation around the world’ is the motto of this year’s programmes and the first event will be the ‘Trade marketing, my...

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HUF 600 billion in municipal debt consolidation on the agenda

Easing the burden on municipalities was again on the agenda of Tuesday’s cabinet meeting. It was decided that HUF 600 billion of local council debt, including 60 per cent of...

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Food VAT cut and new agricultural tax system?

In mid-March, the the possibility of reduced VAT on foodstuffs will be once again submitted to the government. Interdepartmental negotiations and product-level impact studies are being conducted in the case,...

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Half of the costs can be saved with a webshop

Those webshops may lose up to half of their customers, that do not introduce credit card or other online payment options, as the customers tend to buy in webstores that...

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The cashiers can be only serviced with new licenses

It is an important change for servicers and technicians that they have to trigger new technician cards and seal printers to able to mend the new cashiers. From now a...

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There is a lack of customer service companies in health care and in trade

In the last period, especially in the banking sector, the telecommunications companies and utilities boosted relations with their clients, while healthcare and some parts of the public sector are still...

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Lives lived on Instagram

At Christmas many people changed their old mobiles to smartphones and at the same time the popularity of online photo-sharing service Instagram grew. This application makes it possible to edit...

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Fidesz is about to reduce VAT for basic food items

Prime Minister Viktor Orbán held his traditional state-of-the-nation speech on 22 February in Budapest, providing a comprehensive assessment of the past year’s achievements and paving the way for future steps...

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KSH: volume of retail sales in December fell by 2.1 percent

In December last year the volume of retail decreased by 2.1, in the entire year by 1.9 percent, compared to the datas of the previous year – the Central Statistical...

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Analysts: less-than-expected decline in retail sales last year

According to analysts polled by MTI, retail sales decreased less-than-expected last year. The analysts expect a decline below 1 percent, which would be lower than last year’s data. The national...

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Ipsos: consumers pay for the extra costs packaged in the promise of sustainability and freshness

Ipsos asked consumers in 26 countries, about the situations when they would pay more for food products because of  the uniqueness of packaging. The two main reasons, are: 55 percent...

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The opposition parties urge the reduction of VAT on basic food products

The reduction of VAT on basic food products was urged at the opposition parties’ coordination meeting on Monday. The Socialists informed MTI about the coordination meeting of the MSZP, the...

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Local currencies: catalysts for local economies

The Soproni kékfrank is in circulation since May 2010, while the Balatoni korona was launched last year. Their financial coverage can also bears interest – said Varga István, the chairman...

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Recent food-adulteration scandal in Germany

After the horse meat scandal, another food safety scandal raises waves in Germany. According to Monday's press reports, millions of eggs, produced in large plants were sold as organic eggs....

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Foreign luxury firms restrain their expansion in China

Several large international luxury companies will restrain their expansion in China this year, especially due to the slowdown in sales and because of the central government’s offensive campaigns against luxury...

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GKI: Only consumers’ pessimism eased in February

The GKI-Erste economic sentiment index adjusted for seasonal effects failed to reach its last year’s peak in February. Following a four month long continuous improvement it was already close to...

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The Ministry of Rural Development proposes a VAT reduction

The Ministry of Rural Development submits its VAT cut proposal in mid-March – the Magyar Hírlap informs. The burden would be reduced in case of several products, but they does...

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Czerván: the sales of agriculture increased last year

Agricultural production value increased last year. On the basis of the preliminary datas it was amounted to 2,229 billion HUF, compared to the 2,168 billion HUF of the previous year...

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88 percent of the Hungarians consider the economic situation of the country as critical

The percentage of those has increased who believe that Hungary is in an economic crisis, and will not recover from it in the forthcoming twelve months. 85 percent of them...

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Consumer protection: less problems at webshops

According to the experiences of the National Consumer Protection Authority (NFH), the number of webshops without any consumer protection problems are increasing: the objection rate has improved from 85 to...

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KSH: the gross average wage in 2012 was 223 thousand HUF

The average gross earnings of full-time employees was 223 thousand HUF in 2012. On national level gross wages were 4.6 percent higher than in the previous year. The average net...

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Count Kálnoky: not Romania, but Western Europe is guilty in the horse meat scandal

The Transylvanian Count Kálnoky Tibor believes that Romania is unjustly attacked de to the European horse meat scandal, the sinners are France and Western Europe – The Daily Telegraph writes....

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That's the way NAV handles penalties

Alongside news about the project interviews with experts and businesses can also be read. The website’s editor in chief Mónika Szabó told that those working in the sector can ask...

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Waiting for a technical solution

News website Onlinekassza.hu, launched on 14 January, gives read- ers updated and reliable information about the establishing of online connection between cash registers and the National Tax and Cus- toms...

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Nébih: no alfatoxin in milk has been found

In order to eliminate alfatoxin efficiently, the Nationl Foodchain Safety Authority (Nébih) is taking a closer look at domestic corps and raw milk. So far, no alfatoxin in these prpducts...

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The tax exemption on pálinka brewing is under examination by the European Union’s Court of Justice

The Government assures Hungarians those rights that citizens of other EU countries are also entitled to. The European Commission disputes the regulation providing tax-free status for distilling home-made pálinka; in...

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