Market News
Parragh: 7 percent of GDP leaves the country annually
Date: 2011-01-19 12:29:37
If the government will take measures to assist businesses, the Chamber will support them – said Parragh László, president of the Hungarian Chamber of Commerce on Wednesday in Hódmezővásárhely. Parragh...
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The number of liquidations may remain high for a long time
Date: 2011-01-19 12:15:28
This year could be a turning point in the corporate sector, and thus in the evolution of the number of insolvency proceedings. According to the Coface Hungary; a significant improvement...
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The price of the bakery products may significantly increase
Date: 2011-01-19 12:04:07
The domestic bread prices are rising steadily for months. However, in February a higher increase is expected: if the poor wheat harvest of last year will run out of stock...
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The FEOSZ urges hard action against consumer groups
Date: 2011-01-19 12:00:29
The National Federation of Consumer Associations (FEOSZ) proposes to ban or to make strict regulations against consumer groups. The FEOSZ suggests the legislature to prohibit such activities, or regulate theses...
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Consumers and advertisers agreed
Date: 2011-01-19 11:45:24
The Self-Controlled Advertising Board (ÖRT) and the National Federation of Consumer Associations (FEOSZ) signed a cooperative agreement on Wednesday. The agreement aims to the better protection of consumers, in general...
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K & H: accelerating domestic consumption, although the strong Swiss franc dampens purchases
Date: 2011-01-18 14:18:46
Because of the result of the economic growth – particularly in the emerging countries, but also in some developed countries – growing inflation can cause problems, so in the next...
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VHT: The Ministry of Agriculture must do something
Date: 2011-01-18 14:17:43
The Interprofessional Meat Marketing Organisation (VHT), initiated the temporary shutdown of pork imports from the dioxin contaminated provinces at Rural Development Minister Fazekas Sándor – said Menczel Lászlóné, Secretary of...
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Real wages are seven and a half percent higher, compared to a year ago
Date: 2011-01-18 14:10:06
The number of those who are working at financial institutions and at companies employing at least 5 people was an average of 2 million 702 thousand in January-November 2010. During...
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The positive consumer protection list to be launched from March
Date: 2011-01-18 13:55:57
The National Consumer Protection Authority (NFH) starts to communicate the positive list of companies that are comply with the consumer protection legislations in March – announced Horváth Endre, Deputy State...
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A five-day delay for the presentation of the purchase document
Date: 2011-01-18 13:54:31
If someone in the catering or trade industry is catched out by inspectors with goods without purchase document will have five days to present it to the authority. The Ministry...
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High optimism in Germany
Date: 2011-01-18 13:52:14
The economic sentiment index of the German ZEW Economic Research Institute increased significantly from the 4.3 point of December, to 15.4 points, while 6.8 points was expected. The current appreciation...
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New Széchenyi Plan: Applications from March
Date: 2011-01-17 12:20:29
The applications of the small and medium-sized enterprises (SMEs) will be available from March 2011, in the scope of the New Széchenyi Plan. The long-awaited new European Union application proposals...
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According to the Association of Pig Breeders; cheap German pork flooded the black market
Date: 2011-01-17 12:13:37
The German dioxin scandal valorized the Hungarian brands. The chains rather build on emphasizing domestic products, than advertising cheap imports. Hungary is a net milk and pig importer. As a...
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Boycott against multinationals
Date: 2011-01-17 12:11:46
Hungarian public personalities called the continous complaining of the multinational firms in Brussels over the special tax intolerable, who are therefore called the Hungarian population for a boycott against these...
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By 2050, food should be ensured to nine billion people
Date: 2011-01-17 12:04:24
Immediate action is needed to ensure in order to ensure world food supply in 2050 – states French researchers. In the meantime, the price of cereal increased to record heights...
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The Poultry Product Council would promote domestic eggs
Date: 2011-01-17 11:58:18
The Poultry Product Council (BTT) would encourage the consumption of home-produced eggs with the help of the Agricultural Marketing Centre (AMC) – told Bárány László, chairman, to MTI on Monday....
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12 percent of the pig stock in South Korea to be destroyed
Date: 2011-01-17 11:50:55
Foot and mouth disease occurred in South Korea, therefore, 1.4 million pigs will be destroyed. The authorities in South Korea have decided to bury 1.4 million pigs alive. The disease...
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Gfk: Too many citizens suffer of chronic illnesses
Date: 2011-01-17 06:39:30
More than 41 percent of Hungarian citizens over 15 suffer of chronic illnesses – GfK Health Care pointed out. Moreover, at least one million people have no idea about thair...
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Robust industrial growth is pulling the economy
Date: 2011-01-14 16:38:45
Industrial production reached a strong growth in the first 11 months of 2010 – reports the Central Statistical Office. The GDP also increased strongly during the last quarter – said...
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The fuel and food prices are fueling inflation
Date: 2011-01-14 12:10:16
The high inflation is mainly caused by the rising fuel prices and the price increases of foodstuffs. The core inflation is still low – told Suppan Gergely to Világgazdaság Online....
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The EU needs chicken imports soon
Date: 2011-01-14 12:00:48
Within a few years, the European Union will become chicken importer – shows the forecast, prepared by the European Commission about the expected agricultural trends of the forthcoming decade. The...
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U.S. retail is growing for the sixth months
Date: 2011-01-14 11:18:00
According to the Friday communication of the Ministry of Commerce; U.S. turnover increased by 0.6 percent in December 2010, compared to the previous month, while analysts expected a 0.9 percent...
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Agricultural producer prices grew by one-thirds
Date: 2011-01-13 12:21:14
In November 2010 the producer price level of agricultural products increased by 31% compared to the corresponding month of the previous year. More specifically, the price level of crops and...
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Crisis tax for multinational companies is a necessity and legal
Date: 2011-01-13 12:15:59
Hungary offered a wide range of corprate tax relief since the change of the system in the early nineties, which even hindered Hungarian companies – however, throughout the years it...
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Chief Veterinary Officer confirmed the news: no dioxin-contaminated eggs in Hungary
Date: 2011-01-13 12:13:31
Hungary has not received dioxin-contaminated eggs – Endre Kardeván, Chief Veterinary Officer of the Ministry of Rural Development (VM), has pointed out after the news about dioxin-free eggs in Hungary...
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Companies revenue stagnated
Date: 2011-01-13 12:12:31
37 percent of 2500 companies researched within the compass of Marketing Commando's survey in January 2011 have closed a higher revenue in December 2010 than they did in the previous...
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Crisis taxes will end in 2012
Date: 2011-01-13 12:00:19
The crisis taxes will end after 2012 but the government plans to negotiate a new system with the affected sectors which would generate about half of the revenue from the...
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GKIeNET: smartphones are catching up
Date: 2011-01-13 11:58:08
Smartphones are catching up when it comes to online purchases. Now the usage of these devices has reached 1.5 percent of all e-purchases, which is a significant step ahead since...
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Illegal beverages caught in Hungary
Date: 2011-01-13 11:47:14
An illegal network of alcoholic beverages producing factory has been caught by the National Tax and Customs Board on Wednesday. Employees of the authority have checked six houses and found...
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Dioxin found in pork in Germany
Date: 2011-01-13 11:36:46
Germany's poisoned eggs scare has now spread to pork with investigators reporting raised levels of cancer-causing dioxin in pigs at a farm in Lower Saxony. This follows on from an...
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