Market News
GKI-Erste economic sentiment index reached its lowest level in the past one and half years
Date: 2011-09-26 09:37:19
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
Date: 2011-09-25 22:29:55
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
Date: 2011-09-23 12:40:38
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
Date: 2011-09-23 12:29:43
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
Date: 2011-09-23 12:21:37
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
Date: 2011-09-23 12:20:11
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
Date: 2011-09-23 12:20:09
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
Date: 2011-09-23 09:32:31
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
Date: 2011-09-23 09:25:04
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!
Date: 2011-09-22 13:10:56
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
Date: 2011-09-22 13:10:33
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
Date: 2011-09-22 12:46:39
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
Date: 2011-09-22 12:26:14
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
Date: 2011-09-22 12:25:34
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
Date: 2011-09-22 12:19:19
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
Date: 2011-09-22 10:43:37
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
Date: 2011-09-21 13:08:08
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
Date: 2011-09-21 13:05:10
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
Date: 2011-09-21 13:00:16
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
Date: 2011-09-21 12:50:48
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
Date: 2011-09-21 10:10:15
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
Date: 2011-09-20 13:15:24
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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The EU Food Aid Program continues
Date: 2011-09-20 13:00:28
In the scope of the EU Food Aid Program, the aid agencies that already have a signed contract wit the for Agricultural and Rural Development Agency (MVH) continue the delivery...
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ZEW index: German business sentiment deteriorated further
Date: 2011-09-20 12:55:17
In August, the German business sentiment index, decreased to -37.6 points, from the -15.1 points of July – announced the Mannheim-based European Institute for Economic Research (ZEW). Analysts forecasted a...
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Nearly three hundred Italian bakery products exist
Date: 2011-09-20 12:04:27
In Italy, more types of bread produced than pastas: the bakery products were counted and found that there are nearly three hundred of them. Half of the Italians consider bread...
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Russia would ban foreigners from retail trade
Date: 2011-09-20 12:00:23
The Russian government plans to ban foreign citizens from retail trade including markets, from the 1st of January 2012. According to the draft regulation; foreign cititzens are not desirable for...
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Rice dessert was a relative winner on the contracting market
Date: 2011-09-20 11:24:46
Data by GfK Hungária indicate that reduced spending by households had a negative effect on the dairy snacks market: families bought 10 percent less cooled dairy snacks in the first...
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Environment -conscious World Week began
Date: 2011-09-20 09:17:50
An environment-conscious wordweek has begun on 19th September which will last until 23rd September, with more than 26 countries involved, all over the world by Hungary Green Building Council. You...
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Romania: drastic decline, in line with consumption trends
Date: 2011-09-20 01:04:56
In Romania the number of completed transactions in the retail sector dropped from 15 to 6 in the first eight months of 2011. Consumption growth practically stopped: retail sales will...
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Slovakia: few transactions, enterprise-friendly environment
Date: 2011-09-20 01:03:42
In Slovakia the number of completed transactions in the retail sector doubled, from 1 to 2 in the first eight months of 2011. Statistical data indicate a slowing down in...
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