Market News

Antibiotics and analgesics in certain milk products in Taiwan

Up to 70 percent of all dairy products sold in Taiwan may contain derivatives of drugs which have flown into the products from the body of the animals – the...

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Foodsharing portal catching up

A website launched this week is helping Austrians share food rather than waste it, in an attempt to limit the environmental damage of wasted food – and put bread on...

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Cure found for Cryphonectria parasitica

The Cryphonectria parasitica, deriving from China is destroying the chestnut trees for decades. Since the appearance of the fungus more than 1,000 hectares of trees destroyed in Hungary, making the...

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The regulation on fatty acid content of foods has been published

After a ninety-day grace period, the regulation on fatty acid content of foods has been published in Wednesday's issue of the Magyar Közlöny (Hungarian Gazette). The essence of the regulation:...

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Tobacco retail: The NAV is watching the ads on the Internet

The tax authority this year removed 1289 ads, that violated the Excise Act from the TeszVesz, Vatera, Apród, Topapró, Expressz and Apróhirdetésingyen portals. 55.1 percent of the removed ads, a...

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KSH: earnings grew by five percent in September

The gross average earnings increased by 5.0 percent, while the average net earnings by 6.4 percent in September, compared to a year earlier – the Central Statistics Office (KSH) told...

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Coface CEE Top 500: Top companies with increasing turnover but sharply declining profits

– Poland again ranked first, Hungary and Romania catching up while Ukraine dropping out of the Top 3 – More turnover did not lead to a stable development in net...

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The NAV warns: check your orders until 25 November

The online cash registers can also be ordered online at the magyarorszag.hu site – the National Tax and Customs Administration (NAV) told MTI on Tuesday. The NAV also pointed out...

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Retail sales of drugs without a prescription rose by ten percent

Retail (including pharmacies and other outlets) reached 10 percent more revenue from nonprescripted drugs and medicinal preparations (OTC) in the first nine months of the year, compared with the same...

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Regus: flexible working conditions are stimulating creativity

According to the recent survey of Regus, nearly three-quarters of the Hungarian respondents, believe that flexible working conditions are increasing productivity. The most important results of the survey: · 74...

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Hungary is in the middle field in terms of late payments

Among the EU Member States Hungary is in the middle in terms of late payments. Four percent of the annual total business turnover should be written off, due to late...

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Foreign eggs unfit for consumption were withdrawn from circulation in Kecskemét

The Veterinary and Food Administration Authority of the Bács-Kiskun Government Office withdrew foreign origin eggs, that were unfit for eating from circulation – the Ministry of Rural Development (VM) informed...

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Pankucsi: PC-based cash registers can be ordered from now

Despite the difficulties, the deadline for the introduction of the online cash machines does not change. Governmental proposal of this kind is not on the agenda. Among the small cash...

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GfK : consumers spent about one-fifth more on small household appliances in the third quarter

The sales of consumer durables increased by 24 percent in the third quarter of 2013, compared to the same period of the last year and amounted to 108 billion HUF....

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Food Avalanche has helped to tens of thousands people

Almost one hundred tons of grain was harvested by the local governments and non-governmental organizations that are involved in the Food Avalanche of the Hungarian Food Bank Association and Syngenta....

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Fazekas Sándor: the goal is to transport more local products to the markets

According to the Minister for Rural Development, the goal is to transport more local products to the markets. Fazekas Sándor spoke about this in Lengyeltóti this Saturday on the forum...

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External trade turnover increased in the EU and in the Euro Zone in September

According to the datas of Eurostat, the external trade turnover both increased in the EU28 and in the Euro Zone in September as well. According to seasonally adjusted datas export...

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National sweeteners growing more popular

Stevia is a natural, non-caloric, sweet-tasting plant used around the world for its pleasant taste, as well as for its increasingly researched potential for inhibiting fat absorption and lowering blood...

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More and more applications yet for the hungarikums

Nearly one hundred applications arrived to the Hungarikum Commission until Thursday: to support the collection, research and promotion of Hungary’s national values, the hungaricums. Horváth Zsolt, the depository coordinator commissioner...

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650 tons of sweets for two and a half billion HUF for Santa Claus and Christmas

In recent years, the food retail sector reached an about two and a half billion HUF revenues from the seasonal sweets of the December holiday season. In 2012, 1 percent...

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GfK continues international expansion

Continuing its strategy of international expansion, GfK, an international market leader in market research, has signed a Memorandum of Understanding with four of the country’s leading television broadcasters, Band TV,...

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NGM: New cash machine regulation to ensure the smooth transition

In order to easen the online cash register replacement, the Minister of National Economy introduced three new regulations. The services will have eight days after the regulation will come into...

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KSH: industrial production grew by 5.5 percent in September

In September, industrial production was 5.5 percent higher than in the previous year. The automotive industry and the related supplier industries were the main driving force behind the growth of...

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The crackling scone was registered as a Hungarian specialty in the European Union

The Hungarian crackling scone was included to the list of “traditional special products” – the European Commission announced on Thursday. MTI Photo: Soós Lajos According to the product description; the...

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Czerván : annual 4.7 million euros support to the Hungarian apiaries

The Hungarian apiaries will receive an annual funding of 4.7 million euros with the 50-50 percent withholding provision of the European Union and the Hungarian government – Czerván György, Minister...

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Chocolate makes you smarter

Chocolate isn't usually on the diet for snails, but when Lee Fruson and Ken Lukowiak from the University of Calgary, became curious about the effects of diet on memory, they...

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Calorie labels fitted to staircases

Stairwells in public buildings will be labelled as exercise apparatus under a government-backed scheme to make office workers and commuters across Britain fitter. Trials at three large office buildings found...

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2% of Chinese people consume 1/3 of world's luxury items

Some 27 million Chinese people, or two percent of the country's total population, are reportedly consuming one third of the world's luxury items, including cosmetic products, private jets, jewellery, timepieces...

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KSH: GDP grew by 1.7 percent in the third quarter

Hungary's gross domestic product (GDP) rose by 1.7 percent in the third quarter, compared to the same period of the last year, while compared to the second quarter the economy’s...

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Analysts expect a further acceleration of GDP growth in the fourth quarter

Banking analysts expect a further acceleration of economic growth in the fourth quarter of the year, after the positive GDP datas of the third quarter. According to the Ministry of...

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