Market News
Significant increase in the income of agricultural production
Date: 2012-06-12 12:50:03
According to the recent preliminary datas of the Agricultural Research Institute (AKI), the per hectare income of the individual farmers and primary producers increased by 47 percent in 2011, over...
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MFB: domestic enterprises expect a prolonged stagnation
Date: 2012-06-12 12:30:05
The domestic entrepreneurs expect a prolonged stagnation. In the spring survey of the Hungarian Development Bank (MFB) the adaptation to survival can be observed. The MFB indicator is still below...
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GDSN – master data sharing to increase business efficiency
Date: 2012-06-12 12:10:42
The cooperation between retailers and manufacturers has reached another important milestone with the active use of GDSN (Global Data Synchronization Network), thereby significantly increasing the business efficiency of the supply...
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Food VAT reducing forum was established
Date: 2012-06-11 13:50:40
The key players of the basic food production industry, at their meeting set up an ad hoc coalition that aims to reduce the VAT on basic food products under ten...
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Soft drink and fruit juice producers: deteriorating competitiveness and dismissals
Date: 2012-06-11 13:11:12
Shrinkage, deteriorating competitiveness and dismissals are characterizing the soft drinks and fruit juice production in Hungary – according to the communication of the Association of the Hungarian Soft Drinks, Fruit...
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Tobacco Producers: WHO’s proposal threatens the living of twenty thousand Hungarians
Date: 2012-06-11 12:25:33
The Hungarian tobacco growers are concerned about WHO's recent proposal that is calling for a reduction in tobacco production, because they see that the proposal threatens the living of twenty...
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IT developments are in the focus of the SME investments
Date: 2012-06-11 12:20:03
A small increase occurred in the domestic business investment willingness, however, a major expansion in investment is not expected. IT investments continue to be the top on the list of...
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KSH: GDP decreased by 0.7 percent in the first quarter
Date: 2012-06-08 13:40:05
Hungary's gross domestic product (GDP) decreased by 0.7 percent in the first quarter of 2012, compared to the same period of last year – announced the Central Statistical Office (KSH)...
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Csányi Sándor proposes VAT reduction and reverse taxation
Date: 2012-06-08 13:25:45
The Hungarian government should reduce the rate of VAT on basic food items and could introduce reverse taxation in the whole sector to fight against tax fraud that costs billions...
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Survey: Hungarians are not stressed by sudden visitors
Date: 2012-06-08 12:36:38
Hungarians are not particularly stressed if they suddenly have guest popping along to them – NESCAFÉ's fresh, representative research project found out. The survey, among many other things, found out...
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FAO: Food prices have decreased further
Date: 2012-06-07 13:30:03
World average food prices continued to fall in May, due to the price decrease of cereals and oilseeds. The food price index of the United Nations’ Food and Agriculture Organization...
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Public health product fee: Price increase, loss of investments, and reducing government revenues
Date: 2012-06-07 13:25:08
Forced price increase, declining sales, stagnant or declining revenues, layoffs, loss of investments – several companies taxed with the public health product fee are suffering from these negative trends, while...
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Hungary has paid 37 percent of the cohesion funds until now
Date: 2012-06-07 13:20:22
Hungary has paid 37 percent of the available 25 billion euros as a support from the European Social Fund, Cohesion Fund and structural funds between 2007 and 2013. This performance...
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The luxury industry is steadily increasing despite the crisis
Date: 2012-06-07 13:10:03
Luxury is one of the growth engines of the European economy – Financial Times Deutschland (FTD) wrote. Despite the inadequate economic environment, the industry's performance in the forthcoming years will...
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The growth of mobile sales is on nadir
Date: 2012-06-07 12:55:26
Worldwide mobile phone sales are increasing by only 4 percent this year. This is the lowest level since 2009. According to the analysis of IDC telecommunications market researcher published on...
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Soccer fever, due to the European Championship
Date: 2012-06-06 13:50:17
The major sponsors are preparing to the European Football Championship. It is a priority for them to familiarize their products with the fans. The electronics device manufacturers will present new...
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The price of pork increases further
Date: 2012-06-06 13:48:09
The purchase price of live pigs surpassed 390 HUF per kilo the last week on the Hungarian market, a rising price trend prevails in Europe – Agromonitor writes, after the...
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HNT: wine production may be less than average this year
Date: 2012-06-06 13:30:11
It is estimated that the wine production in 2012 will not reach 2.5 million hectoliters, which represents a smaller quantity than medium – said Horváth Csaba, Secretary-General of the National...
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The GDP of the Union and the Eurozone remained unchanged in the first quarter
Date: 2012-06-06 13:25:02
The gross domestic product (GDP) in this year's first quarter, remained unchanged, compared to the previous quarter in the EU and in the Eurozone – in accordance with the expectations...
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The Hungarian wine vinegar is a premium quality product
Date: 2012-06-05 13:20:47
Hungary can justly proud of premium wine vinegar, and fruit vinegar – The Wine and Fruit Vinegar Manufacturers Association works to raise this fact into public awareness. The newly formed...
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Opten: record in liquidations
Date: 2012-06-05 13:02:53
According to the director of Opten, in May the number of liquidations reached 4297, in the first five months more than 16 thousands of companies were liquidated. A significant part...
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The Slovak Ministry of Agriculture would apply more stringent checks on food imports
Date: 2012-06-05 11:40:39
The Slovak Ministry of Agriculture prepares to tighten the control of food imports and would increase the fines on poor quality imported products – the SITA Slovak News Agency reported...
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Agrya proposes to reduce the burden on the use of thermal water
Date: 2012-06-05 11:34:11
The Association of Young Hungarian Farmers (Agrya) proposes to reduce the burden on the use of thermal water for agricultural purposes, in order to alleviate the competitive disadvantage of businesses....
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Industrial producer prices stable in both euro area and EU27
Date: 2012-06-04 13:27:08
In April 2012, compared with the previous month, prices in total industry excluding the energy sector increased by 0.2% in both the euro area and the EU27. Intermediate goods rose...
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OKSZ: Sunday employment opportunities in trade will remain
Date: 2012-06-04 12:45:54
The new Labour Code that will enter into force on July 1, will make clear the possibility of Sunday's work – shows the communication of the National Trade Association (OKSZ)....
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GKI: The Flowers of Evil
Date: 2012-06-04 12:11:23
According to data of the first quarter, GDP in Hungary fell much more than in other EU countries. GKI Economic Research Co. forecasts that economic growth cannot be expected to...
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Strategic agreement among the VM and the Milk Marketing Board and Interprofessional Organization
Date: 2012-06-01 17:00:26
Fazekas Sándor, Rural Development Minister and Istvánfalvi Miklós, president of the Milk Marketing Board and Interprofessional Organization signed a strategic alliance on Friday, on the 37th International Milk Day. In...
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OKSZ: Traders are willing to support the Hungarian dairy farmers
Date: 2012-06-01 11:05:20
The National Trade Association (OKSZ) has no informations that the chains would undertake commitment for the removal of the imported UHT milk and cheese from the stores' shelves. The chains...
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No reduction in commercial consumption in the first quarter 2012
Date: 2012-06-01 11:02:56
According to the raw (no seasonal and calendary effects are adjusted) datas of the Central Statistical Office (KSH), commercial consumption did not decrease in the first three months of the...
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