Market News
KSH: foreign trade surplus grew in August
Date: 2013-10-31 11:32:39
The value of exports in August this year was 6.4 billion euros (1911 billion HUF), while the value of imports was 5.8 billion euros (1728 billion HUF). The trade surplus...
Read more
European food price increases are slowing down
Date: 2013-10-31 11:25:27
Contrary to the expectations, the eurozone’s inflation continued to decline in October – Eurostat’s fresh datas show. Energy prices fell by 1.7 percent, while food, alcohol and tobacco product price...
Read more
Two wines were awarded with the Piarist Wine of the Year title
Date: 2013-10-31 11:17:07
The winners of the Piarist Wine of the Year wine competition, announced by the Hungarian Province of the Piarist Order were awarded with the honorary degree on 29 October. The...
Read more
Outstanding Aszú yields in Tokaj-Hegyalja
Date: 2013-10-31 11:13:37
Aszú yields can be outstanding in Tokaj-Hegyalja wine region this year, where harvest is still ongoing – Észak-Magyarország wrote on Wednesday. At least five thousand tons of Aszú is expected...
Read more
The consumer confidence index increased to 45 points in Hungary
Date: 2013-10-30 11:45:44
According to the results of a survey conducted by Nielsen in the third quarter of this year, the consumer confidence index rose by four points to 45 points in Hungary,...
Read more
The NAK proposes the VAT reduction of meat products in the first round
Date: 2013-10-30 11:40:18
The National Agricultural Economics Chamber (NAK) asks the Parliament to decrease VAT on the products of the participants of the agriculture and the food industry. In the food first round...
Read more
Czerván György: excellent yields of crops harvested in the fall
Date: 2013-10-30 11:26:30
Despite the heat wave and the drought in July and August, according to the latest datas, the yields of crops harvested in the fall are quite excellent – Czerván György,...
Read more
NGM : bona fide taxpayers will not be punished
Date: 2013-10-30 11:25:28
The Ministry of National Economy (NGM) is relatively calm about the withdrawal of the previously approved cash register’s sales license. They do not worry about public support, because it will...
Read more
Cooperation agreement with the Russian Roseximbank
Date: 2013-10-30 11:25:22
The Magyar Export-Import Bank Zrt. (Eximbank) has initated a cooperation agreement with all three pillars of the Russian export subsidy scheme, theVnyesekonombank, Roseximbank and EXIAR, in order to facilitate investment...
Read more
Inventor of döner dies
Date: 2013-10-30 10:37:55
The Turkish immigrant credited with inventing the doner kebab has died in Berlin aged 80. Kadir Nurman set up a stall in West Berlin in 1972, selling grilled meat and...
Read more
Foreign trade turnover rose by 8 percent with Russia
Date: 2013-10-30 09:20:17
In the first seven months, Hungary’s foreign trade turnover rose by 8.1 percent with Russia, compared to the previous year, reaching a total of 7.1 billion dollars – Szijjártó Péter,...
Read more
1400 billion HUF for rural development
Date: 2013-10-29 12:28:17
The Darányi Ignác Plan New Hungary Rural Development Program closes at year end the year. The program since 2007 provided 1,400 billion HUF worth EU fundings for Hungary. The results...
Read more
Controls at the National Tobacco Shops
Date: 2013-10-29 12:00:26
The National Tax and Customs Authority found more than two hundred irregularities, during 2600 tests at the National Tobacco Shops – Magyar Nemzet wrote. The most typical faults were administrative...
Read more
Biomass can be a significant energy source again
Date: 2013-10-29 11:13:42
Biomass can be a major energy source for the Hungarian countryside again as it was for centuries – the Minister for Rural Development insisted on Friday in Budapest, at a...
Read more
Nielsen: household chemicals and cosmetics were sold for 200 billion HUF this year
Date: 2013-10-28 12:32:14
The retail turnover of household chemicals and cosmetics reached 200 billion HUF this year from January to August; 1 percent more than in the same period of the last year....
Read more
GfK: the Hungarian purchasing power is less than 40 percent of the European average
Date: 2013-10-28 12:20:02
The ten richest countries of Europe have over about half of Europe's total purchasing power, while in the poorest country, which is Moldova, the per capita disposable income is less...
Read more
The cattle business has started
Date: 2013-10-28 12:11:29
In Hungary, the producer price of young bulls fell by nearly 5 percent in September 2013, compared to the same period of the last year. The price of slaughter cows...
Read more
Mobile data connection will not be cheaper
Date: 2013-10-28 12:10:31
There will be no central purchasing for mobile data connection in terms of online cash registers, as this move would create a monopoly for one of the mobile operators –...
Read more
KSH: the volume of retail sales rose in August
Date: 2013-10-25 12:20:27
According to the calendar adjusted data, the volume of retail trade rose by 1.4 percent in August, compared to the previous year. It is 0.1 percent less than the flash...
Read more
Europe prepares for a wine price decrease after the rich harvest
Date: 2013-10-25 11:35:44
On the bais of the experiences, this year’s grape harvest is excellent. The exact summary is not yet ready, but is expected that a minimum of three million hectoliters of...
Read more
Hungarians are having breakfast for half an hour
Date: 2013-10-25 11:34:45
Fewer people are taking time to enjoy breakfast in Hungary, but who are having breakfast, spend nearly half an hour with it eating sandwiches and bakery products. The sweet breakfast...
Read more
The first PC-based online cash register has received permission
Date: 2013-10-25 11:33:38
After its small cash registers the Laurel Group's PC-based online cash register with electronic diary has also received permission from the Hungarian Trade Licensing Office. The Hungarian Trade Licensing Office...
Read more
Mistrust towards the pending cash registers
Date: 2013-10-24 12:30:34
The article of Népszabadság makes MKEH responsible for the confusion, despite the fact is that the dsitributors cannot provide the required missing rectification and on the forum of office machine...
Read more
Cigarette sales fell significantly in August
Date: 2013-10-24 12:30:27
In August, a big decrease occured in cigarette sales – the statistics of NAV show. The last month of the summer usually produces a consumption peak, thus the data that...
Read more
Magazine: Pet food’s market position improved furthe
Date: 2013-10-24 11:22:44
In December 2012-May 2013 general food stores sold dog food in the value of HUF 14 billion. Value sales were up 10 percent from the base period and volume sales...
Read more
A large drop in vodka and beer production in Ukraine
Date: 2013-10-24 11:10:37
Vodka production in Ukraine declined by nearly a third, while the amount of beer production fell by more than one-fifth by comparing the datas of September 2013 and 2012 –...
Read more
The rise of GKI-Erste economic sentiment index continued in October
Date: 2013-10-24 10:52:10
In October GKI-Erste economic sentiment index adjusted for seasonal effects continued to rise, reaching its peak value of this year. According to the empirical survey conducted by GKI (www.gki.hu) with...
Read more
Kiscsákó is the first loser of the online conversion
Date: 2013-10-23 11:55:05
The store in Kiscsákó, Orosháza has no money for the online conversion, therefore it will be closed. About one hundred, mainly elderly people are living in that settlement area. The...
Read more
The European Parliament declared e-cigarettes as products that can be distributed as free-trade products
Date: 2013-10-23 11:53:16
After a long debate, the Members of the European Parliament – with the votes of the Hungarian MEPs – decided that e-cigarettes and nicotine cannot be a medicament, because it...
Read more
LMP: the mandatory parking spaces would ruin little shops
Date: 2013-10-22 12:00:01
According to LMP, the proposal that would require small shops to create parking spaces in front of the store, would destroy the newly opened small shops – Ertsey Katalin told...
Read more