Market News

Food safety is a great business in China

Shanghai is looking to increase rewards paid to people who report breaches in food safety. The sum paid out will not be less than 500 yuan (US$78) and there is...

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ÉFOSZ: artificial flavor enhancers instead of salt

The chips-tax may force the companies to replace the natural ingredients in the products with substitute materials. The manufacturer, that did not choose this way may risk the existence of...

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Domestic success is not a guarantee in the foreign markets

While Hungarians feel enthusiasm towards the túró rudi, the Tokaji wine, and for other well-known, domestic products, it is not certain that these products will be succesful abroad. Tokaj: Hungarian...

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The tobacco companies will lose the liquor manufacturers gain

Before the final vote, the government supports the increase of the cigarette tax, but removes the excise tax differentiation of natural flavor prepared beverages and other spirits, thus reducing the...

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World trade may rise slower

The World Trade Organization reduced its earlier forecast: in its new projections a slower 5.8 percent world trade growth is expected, 0.7 percentage points less, than it was projected in...

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Medium good kékfrankos harvest in Sopron

This year's harvest in Sopron became medium good both in quantity and quality – told Taschner István Hill Judge to MTI on Monday. The grape's stum containt is 17 degrees,...

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Digital technical solutions for companies, restaurants

The Best Award winner from the Commercial Integrator magazine for digital signage hardware, the LG EzSign TV is an innovation in digital signage that can entertain while maximizing the impact...

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The Competition Authority allows the food industrial fusion

The Competition Authority (GVH) gave permission to the Agrofert Holding that has many Hungarian interests to acquire control over the Czech Republic-based Mlékárna Hlinsko. The Competition Authority (GVH) initiated proceedings...

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GKI-Erste economic sentiment index reached its lowest level in the past one and half years

In September the GKI-Erste economic sentiment index adjusted for seasonal effects continued to deteriorate. According to the empirical survey conducted by GKI with the support of the EU the declining...

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Home-made tobacco in Gyöngyös

Individual cigarette production equipment was discovered by finance guard investigators discovered in the garage of a house in Gyöngyös – National Tax and Customs Administration (NAV) informed MTI. The machine...

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We could produce one million tonne more of vegetables and fruits

The horticulture is the third largest sector of the Hungarian agriculture beside crop and livestock and it remains a primary concern and that Hungary should become a center of horticulture...

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Deloitte: it will be difficult to introduce the reverse VAT in the agricultural sector until January

If we take the Romanian example as a base, it is difficult to imagine that by January Hungary can introduce the reverse VAT in the agricultural sector. In the case...

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Consumer confidence in the euro area evaporated

On the basis of the preliminary datas, euro area's consumer confidence index decreased to-18.9 points in September 2011 instead of the forecasted -18 points. The last time the confidence index...

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Model farm and organic kitchen in Hernádszentandrás

An organic kitchen is handed over on Friday in Hernádszentandrás, Borsod-Abaúj-Zemplén county Hernádszentandráson. In the kitchen those vegetables will be processed that were produced in previously built model garden. The...

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Ukraine is the world's fourth largest apple producer

Ukraine becomes the world's fourth largest apple producer in 2011, and soon reaches the fifth- sixth place in tomato production – said Mykola Priszjazsnyuk Ukrainian Agricultural Minister. The Ministrer spoke...

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Hubertus BT. is an environmental threat

The activity of Hubertus Bt is a serious threat to the aquatic life of Lake Balaton in the Great White Bereki Water Conservation Area – a recently completed study of...

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The wines of Szekszárd will be introduced in China

A Chinese delegation arrived from the quickly evolving Dinghai region to Szekszárd. The Dinghai region is China's fourth district, that belongs to the special economic zones. This category is promises...

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FruitVeB: VAT on fruits and vegetables should be reduced!

The Hungarian Fruit and Vegetable Inter-professional Organization and the Product Board (FruitVeB) calls for the VAT reduction of vegetables and fruits, and they willing to see that these products would...

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27 percent VAT is not conflicting with the EU rules

There is no legal obligation in the European Union that the VAT rate should be below 25 percent, so the Hungarian 27 percent rate does not conflict with EU rules....

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Randstad: flexible solutions are needed

According to Randstad's new publication “Bridging the Gap”, countries that have already reformed their labor markets, however, have performed substantially better than those countries still in need of restructuring. “Bridging...

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Similar to last year's average corn yield is expected in Békés county

An average of 6 to 6.5 tons per hectare yield of corn is expected this year in Békés county – said Varjú Mónika, leader of the Agriculture Directorate of the...

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The price of pork drives up inflation in China

The price increase of pork generates social dissatisfaction and significantly drives up inflation in China. The government will make every effort to increase stocks. Inflation has moderated somewhat in China...

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More and more SMEs enters the marketing market

Marketing is no longer expensive for the companies, only they need to know the right tools – states the main organizer of the SME Marketing Expo. He said achieving customers...

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Wine spritzer days in Győr

The cultural event Wine spritzer days in Győr was initiated, launched and organised by Rotary Club Győr. Our club and this popular event is united just like the sparkling water...

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KSH: retail sales decreased by 1.3 percent compared with July last year

The retail sales volume remains virtually stagnant – shows the datas of the Central Statistical Office (KSH). The turnover of July was 0.3 percent below of the previous month's datas,...

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Retail sales will not grow substantially this and the next year

The drop in retail sales may slow down for the end of the year, because of the base effects, but consumption is still not growing substantially, and due to next...

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Prices may grow with a higher extend than the rate of the VAT increase

The Friday announced VAT increase would justify a 1.6 percent price increase, but previous experience has shown, that the majority of firms raises the prices higher than the rate of...

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Hong Kong is the world's freest economy Hungary is the seventeenth

Similar to the previous years, Hong Kong proved to be the world's freest economy again. The United States is the tenth, Hungary is the seventeenth on the list of the...

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Chinese super rice broke world record

The Chinese hybrid rice called super rice broke its own world record with 13.9 tons per hectare yield this year. The DH2525 hybrid rice brought a record amount of 13.9...

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More cereal grown on a smaller area this year

In Hungary, 5.7 million tons of cereal was harvested in 2011, 8 percent more than in 2010, and on a  5 percent less area than last year on 1.4 million...

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