Market News

Hungary's Representative Plants Tree at U.N. Biodiversity Conference

eputy State Secretary of the Ministry of Rural Development Katalin Tüth represented Hungary and planted a tree at the U.N. Convention on Biological Diversity in Hyderabad, where participants from over...

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Amazon is America’s most popular retailer

It is now official that Amazon is the number one retailer in the USA, after Boston-based OC&C Strategy Consultants published its research results. They evaluated retailers based on nine aspects...

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NÉBIB closed an illegal green food packaking plant in Csongrád county

The Tax and Customs Administration of Csongrád county and the Food Chain Safety and Animal Health Directorate of the county seized the content of an illegal green food packaging and...

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New Matolcsy Package to come

According to the new Matolcsy Package, transaction tax will increase and cafeteria rules will be strenghtened The EU did not found the 400 billion HUF package announced in early October...

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Employment does not change in the SME sector for seven years

In Hungary, employment is stagnating since 2005 at the small and medium-sized enterprises (SMEs). The number of SMEs did not increase as well. The indicators in connection with the status...

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The VM pays out the sugar support, that was not paid out in 2006

The Ministry of Rural Development (VM) pays the 240 million HUF worth sugar support to the nearly 300 owners, who did not get the grant in 2006, due to the...

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Hungarian-British Chamber of Commerce was founded in London

Hungarian businessmen established a Hungarian-British Chamber of Commerce in London in to boost bilateral trade and economic relations and to facilitate market access. Nagy György one of the founders living...

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Only export amount of corn has grown

It seems that food prices will increase unstoppable until next summer, because due to the drought less grain has grown in Hungary and in the world's major grain-producing areas. Due...

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The Parliament decided over cigarette and alcohol excise tax increase

The Parliament decided over cigarette and alcohol excise tax increase on Monday, in order to allocate extra funds to the health service. The excise tax on cigarettes will be 12,500...

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Domestic economic expectations remained pessimistic

GKI-Erste economic confidence index adjusted for seasonal effects has been essentially unchanged since May. A modest increase at the beginning of the year was followed by a fall in May,...

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One billion HUF support for wine investments

The Ministry of Rural Development (VM) supports wine investments with 1.1 billion HUF from 5 November. The support can be claimed for already purchased, and operating machines – the ministry...

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FAO: It is important to strengthen the small-scale producers

Fernanda Guerrieri, European and Central Asian Regional Representative of the UN Food and Agriculture Organization (FAO) drew attention to the importance of the strenghtening of the small farmers through cooperatives....

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Webshop qualifying system at e-commerce

Within the compass of the famous “purchase it on the net” program, Szek.org has worked out a special qualifying system in strong co-operation with the National Customer Protection Authority, in...

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An increase in the proportion of bankruptcies

The bankruptcy rate of companies is on 4.21 percent currently. This figure one year ago was only 3.44 percent. If the current trend continues, in next July, the index is...

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Hungarian agricultural exports to Russian increases further

The aim of the Hungarian Ministry is to to reach the early 90s level in food exports to Russia – Fazekas Sándor Minister of Rural Development said after negotiations in...

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GfK: tobacco black market started to grow again

The previous downward trend of tobacco black market has changed. The illegal tobacco market share totaled at  5.8 percent this year, after 4.2 percent of last year – the GfK...

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Online ordering of products outside the EU are duty-free until 22 euros

Goods oredered from, countries outside the European Union online are duty free up to 22 euro, over this amount they are taxable – the NAV draws the attention. If the...

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Analysts say that industrial production may stagnate in the next six months

Analysts say that in next six months, industrial production may stagnate, however, recovery can not be expected next year, because economic growth slows within the main export markets and worldwide....

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The school milk program rules should be rethought

According to the Hungarian National Association of Parents (MSZOE), the ministerial regulation in connection with the European school milk program should be rethought before the adoption of the  2013 budget...

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The drought destroyed half of the corn and one third of the sunflower in Bács-Kiskun county

Soil preparation work significantly fell behind in Bács-Kiskun county, where drought caused serious damages in corn and sunflower crops – Pogonyi Tibor Agriculture Director of the county’s government office told...

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Wine and liquor consumption increased in the Czech Republic

The ban on spirits with 20 percent higher alcohol content was resulted in an increase in wine, champagne and liquor consumption in the Czech Republic in September. In beer consumption...

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Here are the best of Magyar Brands!

This was the third time outstanding, high quality Hungarian brands have been awared by a prestigous professional jury. Here are the proper toplists: Customers’ top list 2012 MB brands 2012...

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Faint optimism at the SMEs

The K&H SME confidence index which measures the expectations of the domestic SMEs still not show a clear direction. The first quarter brought growth, than in the second quarter a...

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Ipsos: marketers are banging open doors

In quantitative terms of the online advertising clicks, it can be concluded that it is worthwhile to use this interface. Most of the Generation Y members (born after 1980) interested...

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Payments: one third of Italians ready to use e-money for amounts under 50 euros

Presented today in Milan on the occasion of “SIA EXPO 2012”, the next payment generation event, the results of the SIA survey on “Italians and their desire for cash”, carried...

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Study shows chocolate reduces blood pressure and risk of heart disease

Researchers in Germany followed 19,357 people, aged between 35 and 65, for at least ten years and found that those who ate the most amount of chocolate – an average...

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GfK: consumption has stagnated in the first half of the year

The first half of this year was characterized by the stagnation of the economy and consumption. Further rationalization of the purchasing behavior can be detected in many areas. The purchasing...

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MOSZ would fight against cheating meat importers

The Agricultural Cooperatives and Farmers Association (MOSZ) protested again against the introduction of the reverse VAT. From the measure, the government expects revenue growth of tens of billions of forints....

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Hungarian labor market efficiency is tail-ender

Hungarian labor market efficiency is lower in Hungary, than in Chile – turned out at the professional event of Randstad. In addition,on the basis of international forecasts, more than one...

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May be a shortage of good quality cabbage

Because of the drought less was grown of cabbage types. By the end of the summer the market demand has been developed and the high prices partly compensate the loss...

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