Market News

Nielsen: the sales of nonprescription drugs and medicinal products increased by seven percent

Retail reached 7 percent more in case of non-prescription and non-prescription drugs and medicinal products in the first half of this year, compared to the same period of last year....

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Beer survives nuclear strike

A Cold War-era study was found recently, prepared by the U.S. Army. The documents were discovered by Alex Wellerstein of Restricted Data. The documents show that the American researchers were...

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Magro.hu: online product sales in agriculture

The datas of Magro.hu market researcher show that there is a considerable layer in agriculture, who choose internet trading to sell crops. It is an interesting fact when market disorders...

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KSH: cereal grains – growing area, decreasing yield

This year’s cereal grain yield was 2 percent less, than in last year. 5.5 million tons was planted on an eight percent more area, compared to the results of the...

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The Fórum calls for VAT reduction on the basis of the study by Ernst&Young

According to a recent study published in Hungary, the large-scale VAT fraud in connection with basic food products paralyzes the industry and deprives the budget from a more than 128...

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Dairy Product Board: reverse VAT is not an alternative to VAT rate cut

The Milk Interprofessional Organization and Marketing Board does not consider the application of reverse VAT in agriculture and in the food industry as a good solution, since it is not...

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The poultry industry is facing misbelief

The 2012 poultry campaign of the Hungarian National Tourist Office and the General Directorate of Agricultural Marketing Center (AMC) began on 1 September. “Our goal is to strenghten confidence in...

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MLSZKSZ: Hungary’s logistics competitiveness is in threat

According to the resolution of the Hungarian Association of Logistics Service Centres (MLSZKSZ) the targeted logistics sector development is essential to strengthen and retain Hungary’s competitiveness in the region. The...

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Hungarian paprika is still popular

Hungarian paprika producers could have excellent opportunities, but industry sources, easier application possibilities would be required and the range of goods should be increased as well – Fodor Zoltán, Executive...

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France would limit the utilization of biofuels

France will call international and European forums to limit the utilization of biofuels, due to the increasingly rising grain prices – competent cabinet spokesman said on Wednesday. The French government...

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The Nébih tests the imported wine products

The National Food Chain Safety Office (Nébih) tests the imported wine products especially from 17 September. The organization presents in its communication on Monday, that the volume of the grapes...

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The Czech methyl alcohol does not poisons in Hungary, but the NÉBIH controls increasingly

The Czech authorities informed the Member States via the rapid alert system on feed and food safety (RASFF) that unknown toxic methyl alcohol alcoholic beverages have been marketed. The counterfeit...

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Business sentiment improved in Europe's largest economy

In September, business sentiment improved in Germany, after four months – shows the datas of the ZEW economic research institute, published on Tuesday. The next half-year expectations index has improved...

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VAT frauds of food costs 130 million HUF losses to the budget

Experts estimates that VAT frauds on food costs more than hundred million HUF losses to the budget. According to the study, the solution would be VAT reduction or the introduction...

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Bakery products will be more expensive from October

From the first day of September, the price of bakery products will rise by about 20 percent. The national chain of stores increase the price of bakery products from the...

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The Far-East company will be denounced due to dubious origin foods

The inspectors of the National Tax and Customs Office (NAV) and the National Food Chain Safety Office (NÉBIH) found several hundred kilograms of dubious origin food at a company on...

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Slovakia does not restrict the flow of spirits because of the methyl alcohol poisonings

The situation is not dramatic, so no restrictions on alcohol marketing is needed in Slovakia – Zuzana Zvolenská Slovak health minister told on Monday in connection with the methyl alcohol...

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LMP: an explosion of food prices about to come

Due to the drought of the past two years, food-prices are about to rise, and this phenomenon might even lead to an explosion of food-prices, LMP's spokeperson pointed out within...

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165 billion HUF was spent on private label foods

The revenues of food retail chains from private label products increased in the first half of this year, compared to the same period of last year. With private label food...

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FruitVeB calls for VAT reduction or reverse VAT

The Hungarian Fruit and Vegetable Interprofessional Organization and Marketing Board (FruitVeB) calls for the reduction of Value Added Tax (VAT) and if this is not possible, proposes reverse VAT –...

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The long-awaited rain does not bring too much benefits

The rain soaking half of the country did not bring too much benefits to agriculture, said Vancsura József, president of the National Association of Grain Producers. We learned that where...

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International trade may increase slower-than-expected

The Secretary-General of the World Trade Organization (WTO) expects smaller-than-expected growth this year, due to the slowdown in global economy. Pascal Lamy warned that the WTO will probably modify downward...

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The dairy sector votes on VAT reduction

To stabilize incomes is a major challenge for the dairy industry players. The law on interbranch organizations can help them – Feldman Zsolt Deputy State Secretary at the Ministry of...

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Mountain villages: grape harvest has good quality, but import will be needed from cheaper wines

This year's grape harvest has a great quality. Hungarian grapes have been so healthy as now long time ago, but from cheaper wines Hungary is expected to rely on Italian...

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The price of Arabica coffee increases dramatically

On Monday, the price of Arabica coffee increased spectacularly, by more than 6 percent to 173 cents. Such a price increase occurred last time in January 2009, in addition on...

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The tax authorities also checked the fruit vendors of the South Plains

The inspectors of the National Tax and Customs Office (NAV) checked the regularity of fruit sales in the southern Great Plains region during the summer months. In almost half of...

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The Parliament adopted the law on tobacco sales

Tobacco retail will be a state monopoly from the 1st of July next year. The state can give a green light to applicants in the scope of a concession contract....

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Corn crop will be enough

Despite the drought, the estimated 4 million tons of corn crop may be sufficient to satisfy the interior needs of the country – Czerván György told at Tuesday’s agricultural forum...

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The rating of MLSZKSZ may worth billions

In the past 6 years, the applicants who have a certificate of qualification developed by the Association of the Hungarian Logistics Service Centres (MLSZKSZ) won a total of 7.5 billion...

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