Market News

Premium category Hungarian pálinka producers would like break into the Russian market

The producers of premium category Hungarian pálinkas would like break into the Russian market with their products, so 11 Hungarian companies and manufactures presented their products in Moscow and in...

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VM: According to the Hungarian-French agricultural working group the EU budget is acceptable

The Hungarian-French Working Group on Agriculture and Rural Development assessed the EU budget for the 2014-2020 period as acceptable – the Rural Development Ministry (VM) informed MTI on Friday. At...

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Pálinka vendors been caught in Borsod

Several people offered their pálinkas for sale on the internet Borsod-Abaúj-Zemplén county. The advertisement has also attracted the attention of tax inspectors. The sellers can expect a substantial fine –...

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Horsemeat scandal: Germany pulls lasagne off shelves

Horsemeat has been detected in frozen lasagne on sale in Germany and supermarkets have started removing the product from their shelves. The Real supermarket chain said it had withdrawn TiP...

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KSH: GDP decreased by 2.7 percent in the fourth quarter of 2012

Last December, industrial production was 7.6 percent lower tha a year before. In the whole year, decline was 1.7 percent – the Central Statistics Office (KSH) published on Thursday. According...

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Euro area GDP down by 0.6% and EU27 down by 0.5%

GDP fell by 0.6% in the euro area1 (EA17) and by 0.5% in the EU271 during the fourth quarter of 2012, compared with the previous quarter, according to flash estimates2...

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Analysts: inflation may continue to fall, to 3.2 – 3.6 percent by the end of 2013

Analysts said that inflation certainly continues to decline until mid-year will and can decrease to 3.2 – 3.6 percent by the end of the year, so according to the projections,...

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The National Economy Ministry examines the possibility of VAT reduction on food products

The Ministry of National Economy Ministry examines the possibility of VAT reduction on basic food items, but no decision was born yet – InfoRádió writes. According to the recent study...

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The Ministry of Rural Development initiated to certificate fruit wines as intermediate alcohol product

The Ministry of Rural Development (VM) initiated to certificate fruit wines as intermediate alcohol product at the Ministry of National Economy and initated strict controls at the National Food Chain...

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Connections should be established between NAV and the cash registers until 1 May

According to the most recent Magyar Közlöny, Connections should be established between the National Tax and Customs Administration (NAV) and the cash registers until 1 May. The government decision calls...

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Thirty tonnes of pig meat was blocked by Nébih

The National Food Chain Safety Office (Nébih) forbidden the marketing of thirty tons of frozen pork, after a check held at a wholesale warehouse in Budapest – Nébih informed MTI...

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The consumer may pay the fee of returning the product?

Internet merchants have had enough that the buyers return those goods to them that they don’t like and the merchants should pay the extra costs. According to the new EU...

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Cargill has become the main sponsor of the “Cast yourself into!” program

The Cargill Magyarország Zrt. and the Hungarian Association of Young Farmers (AGRYA) signed a grant agreement, according to which the company interested in agriculture became the main sponsor of the...

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In China customers can check suspicious food products with test strips soon

Paper test strips soon to be available to the general public in China, that will allow anyone to check a variety of foods, in particular: are there harmful drug residues...

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Magazine: Drink trends in 2013

According to various US and European sources, the following trends are likely to prevail in 2013: growing popularity of sweet wines, special beers will appear in exclusive restaurants – together...

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Online sales value is close to 28 billion euros in Germany

Clothes, computers, books: the Germans are purchasing more and more products through the Internet. In Germany, the volume of online trade last year increased significantly, by 5.9 billion euros, ie...

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The Ministry prepared the standards of potato

According to the the website of the government, the Ministry records the specifications on the early (new) and stored potatoes Early potatoes can be considered as: “without peeling the skin...

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Analysists of London: Hungary is lucky with the dramatic change of market expectations

Hungary raised $3.25 billion in its first foreign bond sale in 21 months, returning to the markets after Prime Minister Viktor Orban abandoned a quest for International Monetary Fund support....

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Horsemeat scandal spreads as French retailers pull foods

The Europe-wide scandal over horsemeat sold as beef spread Sunday as six French retailers pulled products from their shelves and France promised to have the results of an urgent inquiry...

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Valentine's Day: mainly the younger and higher-income households buy praline

According to the datas of the GfK Hungária’s Household Panel survey, the demand for chocolate bars and pralines can be increased with even 70 percent during the Valentine’s Day period...

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The Hungarian Association of Shopping Centers protests against the new interpretation of tobacco stores

The Hungarian Association of Shopping Centers does not agree with the changing of the tobacco retail concession tender. They say that it would eliminate tobacco shops from the shopping centers...

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Growing pigs stoks

After three years of decline, the number of Hungarian pigs increased slightly in the past six months – the Central Statistical Office’s recent analysis shows. On 1 December 2012, 2...

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Nébih: Hungary does not affected by the horse meat scandal

According to current informations, Hungary did not receive horse meat shipments – the National Food Chain Safety Office (Nébih). The National Food Chain Safety Office (Nébih) continues to monitor the...

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POPAI 2003-13: one decade of in-store marketing in Hungary

POPAI, the Chicago-seated global association for Marketing at Retail was founded 77 years ago. Its Hungarian branch, the POPAI Hungary Association is 10 years old. Founder-president Miklós Bonyár informed members...

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MVH: the payment of separate sugar support has started

The Agricultural and Rural Development Agency (MVH) started to pay out the separate sugar supports – the agency told MTI on Monday. According to the communication, the MVH allocates 10...

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Coface: The crisis in Europe is far from over for corporates

Based on its day-to-day contact with companies worldwide, Coface has issued a cautious scenario for the global economy in 2013. The recovery of advanced countries is still in hostage to...

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OKSZ: The proposed amendment of the tobacco law is hazardous for small businesses

The National Trade Association (OKSZ) has no objection to the modest extension in the offer of the new tobacco stores. But the submitted new amendment endangers the existence of many...

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The United States has authorized the import of Hungarian Mangalica

The United States has authorized the importation of Hungarian bred Mangalica – Eleni Tsakopoulos Kounalakis, Ambassador of the United States announced on Friday, at the press conference held at the...

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Ministerial Commissioner supervises the implementation of the pig program

Ministerial Commissioner will supervise the implementation of the pig program – Fazekas Sándor, Minister of Rural Development announced at the opening of the 6th Mangalica Festival on Saturday in Budapest’s...

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