Market News
GDP – Growth-prognosis is helped my LOndon analysists
Date: 2013-11-14 11:30:52
According to JP Morgan, it had significantly upgraded its forecast for Hungary’s GDP growth on the back of a robust auto sector and the simultaneous fiscal and monetary easing. London's...
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Strawberry in the warm weather
Date: 2013-11-14 09:16:54
The warm and sunny autumn-time has led to an early… or late strawberry growth at certain frms in mid-November…...
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Charge-free cash withdrawal enacted
Date: 2013-11-13 12:39:56
Over the past one year, the costs of banking services have increased significantly and in order to decrease them the National Assembly today adopted an amendment which stipulates the free...
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The first PC-based online cash register was installed
Date: 2013-11-13 12:30:28
The first PC-based online cash register, developed by the Laurel Group was installed at a national tobacco shop in Székesfehérvár. The first PC-based cash register system is approved by the...
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KSH: agricultural producer prices decreased in September
Date: 2013-11-13 12:29:32
The agricultural producer prices fell by 13.7 percent in September, compared with a year earlier – the Central Statistics Office (KSH) published on Wednesday. In particular, prices of crop products...
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Consumer Protection Authority: not all checked lactose-free products are lactose-free
Date: 2013-11-13 11:12:39
Most of the products sold as lactose-free products, tested by the National Consumer Protection Authority (NFH) met the requirements, but in two cases almost double the amount of lactose was...
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The government launches a food industrial working capital loan program
Date: 2013-11-13 11:08:47
The MFB Hungarian Development Bank announces a food industrial working capital loan program. The food industrial working capital loan program of the MFB Hungarian Development Bank has a budget of...
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The harvest in the Tokaj-Hegyalja wine region soon to be finished
Date: 2013-11-13 11:00:26
The harvest soon to be finished in the Tokaj-Hegyalja historic wine region. This year, the quality of the grapes and the Aszú is outstamding. The region's largest grape purchaser and...
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Medium-sized companies are looking for partners in Singapore, too
Date: 2013-11-13 09:45:50
The Hungarian embassy has been playing an important role in fostering and maintaining bilateral relationship between Hungary and Singapore. It has created many business opportunities for companies in both countries...
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Seven out of ten customers “reward” the loyalty programs
Date: 2013-11-12 13:10:37
In Hungary, only 46 percent of the consumers are buying in stores that offer loyalty programs to their loyal customers. But there's a demand: seven out of ten Hungarians prefer...
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Inflation is below one percent
Date: 2013-11-12 12:48:38
In October, the annual inflation rate was 0.9 percent, the consumer prices fell by an average of 0.3 percent, compared with the previous month – the Central Statistics Office announced...
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GfK: Nearly one in three customers buys fresh fruit or vegetables
Date: 2013-11-12 12:46:57
Nearly one in three customers buys fresh fruit or vegetables. When buying fresh products to buy products of Hungarian originis important for consumers – GfK’s recent survey, sent to MTI...
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VAT revenues have increased and three new regulation to come
Date: 2013-11-12 12:45:35
Value Added Tax revenues increased by 13 percent between May and October 2013, compared to last year. According to Pankucsi Zoltán, Deputy Minister of State of the National Economy Ministry,...
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Mall Construction fever in Turkey and in Russia
Date: 2013-11-12 12:38:07
In the first part of 2013, more mall spaces were handed over in Russia than in any other European country. The second in this race became Turkey. Half of the...
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The NAK creates a unified farmer support network
Date: 2013-11-12 12:30:17
According to the cooperation agreement with the government, the National Agricultural Association concentrates information, consultancy and other activities designed to improve the preparedness of farmers into one unified system –...
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You can smoke e-cigarettes anywhere in Italy
Date: 2013-11-12 11:40:04
The earlier restrictions on electronic cigarettes were terminated in Italy. You can smoke e-cigarettes anywhere in Italy, even in places where tradtional cigarettes cannot be smoked. With the exception of...
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Ericsson: number of Smartphone subscribers to be tripled by 2019
Date: 2013-11-12 11:30:47
The number of mobile subscriptions in the world will increase to 9.3 billion by 2019 from the current 6.6 billion, while the number of smartphone subscribers will triple by 2019...
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FDA moving to ban trans fat from processed foods
Date: 2013-11-12 10:11:38
The Food and Drug Administration acknowledged Thursday for the first time that trans fats are unsafe, and took steps toward banning the artery-clogging substance from scores of food products. The...
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China pressuring NYU?
Date: 2013-11-12 08:22:39
Chinese dissident Chen Guangcheng, who was allowed to travel to the US after escaping from house arrest, says New York University is forcing him and his family to leave at...
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Retail achieved 1170 billion HUF revenues from food sales in ten months
Date: 2013-11-11 13:30:37
Food retail revenues remained stable, from the sales of the ninety food categories continuously measured by Nielsen. Between December 2012 and September 2013 food retail revenues remained stable, compared to...
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Following the stolen twenty billion HUF meat VAT
Date: 2013-11-11 13:10:17
The government decided to reduce VAT on pork . The Value Added Tax of live-and half-carcased pigs will be reduced to 5 percent, from the current 27 percent from 1...
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A decline in consumer spendings
Date: 2013-11-11 12:50:44
In 2013, the monthly amount of household expenditure per capita was 64 300 HUF, the survey of the Central Statistical Office (KSH) shows. The volume of consumer spendings fell by...
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Less educated people consume more beer in Hungary
Date: 2013-11-11 12:41:06
The survey was made with Polish and Hungarian participants analyzed beer consumption and purchasing habits among other things. It turns out, inter alia, that beer is not the drink of...
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European Trade Day: the NGM would accelerate the cash register replacement with regulation amendment
Date: 2013-11-11 12:40:52
The Ministry of National Economy (MNE) would like speed up the cash register replacement, so in a new, regulation that will be published this week, the Ministry will require strict...
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The NAV found eleven tons of illegal meat
Date: 2013-11-11 11:10:13
The National Tax and Customs Administration (NAV) and the National Food Chain Safety Office (Nébih) struck down to an illegal meat shipment on Friday morning at a parking lot in...
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9-percent market expansion in value
Date: 2013-11-11 09:25:02
In the flour category – including semolina and bread mixes – sales improved by 9 percent in value in the December 2012-July 2013 period. In the examined eight months the...
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The VAT on pigs will be reduced to five percent from 1 January
Date: 2013-11-08 12:50:14
The Value Added Tax of live-and half-carcased pigs will be reduced to 5 percent, from the current 27 percent from 1 January 2014. The decision will enter into force, with...
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FruitVeB: the fruit and vegetable strategy can only be implemented with a 5 percent VAT
Date: 2013-11-08 12:40:51
The president of the Hungarian Fruit and Vegetable Interprofessional Organization and Marketing Board (FruitVeB) told MTI on Friday in Budapest, that the fruit and vegetable sector strategy, which is under...
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The protection of origin is strengthening at the Tokaj wine region
Date: 2013-11-08 12:20:31
The Mountain Village Board of the Tokaj Wine Region aims to strengthen the protection of the origin of the Tokaji wines by modifying the standards. New values will be determined...
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Inflation rising in China
Date: 2013-11-08 10:59:31
China's annual inflation climbed to an eight-month high of 3.2 percent in October as food costs soared, fanning market worries about policy tightening as factory output and investment data pointed...
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