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Market News

Food VAT cut and new agricultural tax system?
Date: 2013-02-26 13:55:24

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,...

Half of the costs can be saved with a webshop
Date: 2013-02-26 12:00:25

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...

The cashiers can be only serviced with new licenses
Date: 2013-02-26 11:57:47

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...

There is a lack of customer service companies in health care and in trade
Date: 2013-02-26 11:52:08

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...

Lives lived on Instagram
Date: 2013-02-26 09:46:00

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...

Fidesz is about to reduce VAT for basic food items
Date: 2013-02-25 16:00:19

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...

KSH: volume of retail sales in December fell by 2.1 percent
Date: 2013-02-25 13:10:46

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...

Analysts: less-than-expected decline in retail sales last year
Date: 2013-02-25 13:00:12

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...

Ipsos: consumers pay for the extra costs packaged in the promise of sustainability and freshness
Date: 2013-02-25 12:40:40

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...

The opposition parties urge the reduction of VAT on basic food products
Date: 2013-02-25 12:20:11

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...

Local currencies: catalysts for local economies
Date: 2013-02-25 11:25:51

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...

Recent food-adulteration scandal in Germany
Date: 2013-02-25 11:15:49

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....

Foreign luxury firms restrain their expansion in China
Date: 2013-02-25 11:00:29

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...

GKI: Only consumers’ pessimism eased in February
Date: 2013-02-25 10:08:06

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...

The Ministry of Rural Development proposes a VAT reduction
Date: 2013-02-22 14:00:40

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...

Czerván: the sales of agriculture increased last year
Date: 2013-02-22 13:00:16

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...

88 percent of the Hungarians consider the economic situation of the country as critical
Date: 2013-02-22 12:50:12

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...

Consumer protection: less problems at webshops
Date: 2013-02-22 11:30:45

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...

KSH: the gross average wage in 2012 was 223 thousand HUF
Date: 2013-02-22 11:25:17

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...

Count Kálnoky: not Romania, but Western Europe is guilty in the horse meat scandal
Date: 2013-02-22 11:02:42

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....

That's the way NAV handles penalties
Date: 2013-02-22 10:30:26

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...

Waiting for a technical solution
Date: 2013-02-22 10:12:02

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...

Nébih: no alfatoxin in milk has been found
Date: 2013-02-21 16:00:21

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...

The tax exemption on pálinka brewing is under examination by the European Union’s Court of Justice
Date: 2013-02-21 12:12:55

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...

The HITA creates a qualified database of suppliers
Date: 2013-02-21 12:10:31

The National Foreign Trade Office (HITA) creates a qualified database of suppliers, first in the country. The database will be created by own development – Kokas Tamás, the deputy head...

The Association of local currencies has been formed
Date: 2013-02-21 12:00:13

The Association of local currencies has been formed – Varga István president of the association told MTI on Wednesday in Budapest. He told that the association was established by the...

The GKI examined the breaking points of the Hungarian economy
Date: 2013-02-21 11:44:35

The latest publication of the GKI Economic Research Co. examined the breaking points of the Hungarian economy. The publication was presented to the press on Wednesday. The Esélyek (Opportunities) analysis...

Horsemeat scandal – Problems in Austria, too
Date: 2013-02-21 10:52:23

Controllers from the food inspection authorities found horsemeat in sausages such as “Kärntner Hauswürstl” and “Lavanttaler Bauernwurst” after they received an anonymous hint, said health advisor Peter Kaiser (SPÖ) yesterday...

Fazekas: the bill, which would destroy the large plants does not even exists
Date: 2013-02-20 12:06:00

There is no operational management law in the Rural Development Ministry, which would ruin the large plants or make their operation difficult. There is no blueprint in the ministry, which...

Gyulay Zsolt: the expanding range of products will make the tobacco shops profitable
Date: 2013-02-20 12:00:04

The expanding range of products will have a positive effect for the national tobacco shops – Gyulay Zsolt, CEO of the National Tobacco Sales Nonprofit Ltd. told MTI on Tuesday....

Oldal

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Food VAT cut and new agricultural tax system? Date: 2013-02-26 13:55:24

Half of the costs can be saved with a webshop Date: 2013-02-26 12:00:25

The cashiers can be only serviced with new licenses Date: 2013-02-26 11:57:47

There is a lack of customer service companies in health care and in trade Date: 2013-02-26 11:52:08

Lives lived on Instagram Date: 2013-02-26 09:46:00

Fidesz is about to reduce VAT for basic food items Date: 2013-02-25 16:00:19

KSH: volume of retail sales in December fell by 2.1 percent Date: 2013-02-25 13:10:46

Analysts: less-than-expected decline in retail sales last year Date: 2013-02-25 13:00:12

Ipsos: consumers pay for the extra costs packaged in the promise of sustainability and freshness Date: 2013-02-25 12:40:40

The opposition parties urge the reduction of VAT on basic food products Date: 2013-02-25 12:20:11

Local currencies: catalysts for local economies Date: 2013-02-25 11:25:51

Recent food-adulteration scandal in Germany Date: 2013-02-25 11:15:49

Foreign luxury firms restrain their expansion in China Date: 2013-02-25 11:00:29

GKI: Only consumers’ pessimism eased in February Date: 2013-02-25 10:08:06

The Ministry of Rural Development proposes a VAT reduction Date: 2013-02-22 14:00:40

Czerván: the sales of agriculture increased last year Date: 2013-02-22 13:00:16

88 percent of the Hungarians consider the economic situation of the country as critical Date: 2013-02-22 12:50:12

Consumer protection: less problems at webshops Date: 2013-02-22 11:30:45

KSH: the gross average wage in 2012 was 223 thousand HUF Date: 2013-02-22 11:25:17

Count Kálnoky: not Romania, but Western Europe is guilty in the horse meat scandal Date: 2013-02-22 11:02:42

That's the way NAV handles penalties Date: 2013-02-22 10:30:26

Waiting for a technical solution Date: 2013-02-22 10:12:02

Nébih: no alfatoxin in milk has been found Date: 2013-02-21 16:00:21

The tax exemption on pálinka brewing is under examination by the European Union’s Court of Justice Date: 2013-02-21 12:12:55

The HITA creates a qualified database of suppliers Date: 2013-02-21 12:10:31

The Association of local currencies has been formed Date: 2013-02-21 12:00:13

The GKI examined the breaking points of the Hungarian economy Date: 2013-02-21 11:44:35

Horsemeat scandal – Problems in Austria, too Date: 2013-02-21 10:52:23

Fazekas: the bill, which would destroy the large plants does not even exists Date: 2013-02-20 12:06:00

Gyulay Zsolt: the expanding range of products will make the tobacco shops profitable Date: 2013-02-20 12:00:04