Market News
The insolvency of the firms affects trade and the construction industry the most
Date: 2011-07-14 13:50:02
The insolvency index of the Hungarian companies increased by 21 percent in the first half of 2011, compared to the same period of the previous year. Proceedings were initiated against...
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Will the Hungarian fruit win on the chips-tax?
Date: 2011-07-14 13:30:50
According to the Ministry of Rural Development; one of the winners of the public health product tax, the so-called chips-tax may be domestic agriculture, because it will help local production...
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Analysts have different views over the 7.6 percent growth of the industrial production
Date: 2011-07-14 13:12:22
The analysts of the banks polled by MTI have different views over the slowdown of May. Some of them consider it temporary some believe it is a sign of a...
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The new melon market regulation enters into force on Thursday
Date: 2011-07-14 13:08:26
The new melon market regulations enters into force on Thursday, that according to the ministry will strengthen the market position of the Hungarian melon. Czerván György, State Secretary of the...
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Minimal growth in U.S. retail
Date: 2011-07-14 12:35:04
Compared to May, U.S. retail trade increased by 0.1 percent in June, instead of the expected stagnation. Moreover, the U.S. Commerce Department decreased the value of the May decline from...
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Consultation on Rural Development Co-operation in the Carpathian Basin
Date: 2011-07-14 10:14:11
As part of the National Rural Strategy – 2020 consultation series, discussions were held for the first time today regarding the national Carpathian Basin Rural Development Co-operation programme. Experts and...
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KSH: grain prices increased over 90 percent, fruit prices over 70 percent
Date: 2011-07-13 13:50:32
The agricultural producer price level in May 2011 was 37.6 percent higher than a year ago – reports the Central Statistical Office (KSH). In particular, the price level of plant...
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Is the Chips-tax unconstitutional?
Date: 2011-07-13 13:10:48
The public health product tax, raises various legal issues – emphasizes Torsten Braner community lawyer, associate of the e|n|w|c Natlacen Walderdorff Cancola international law firm. The new law determines the...
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Dairy support: the EU approved the payment of the deposit
Date: 2011-07-13 12:52:39
Brussels approved the advance payment of SAPS and the special dairy support. The Hungarian farmers can receive the deposit of SAPS from the second half of October. The European Commission...
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The KöKi Terminal opens in September
Date: 2011-07-13 12:50:50
Approximately 1,500 new jobs will be established in the capital's newest shopping and business center in the KöKi Terminal in Kispest. Visualization of the KöKi Terminal The KöKi Terminal seeks...
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Health labels on Australian drinks
Date: 2011-07-13 12:45:53
The Australian liquor manufacturers have launched their volunteer program, under they label their products with health warnings, presumably in order to avoid future criticism, namely that they contribute to the...
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The operators of the Internet markets can be make responsible for violations
Date: 2011-07-13 12:42:38
The operators of Internet market businesses, including eBay can be responsible for the trade mark violations of their users – states the European Court in its judgments on Tuesday. In...
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Asia is heading for Europe
Date: 2011-07-13 11:42:33
On 10 May 2011 a large-scale conference was held at the Ministry of Rural Development, as part of the ‘Our future is in our hands’ series of programmes. The event’s...
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Electronic cops against online frauds
Date: 2011-07-13 08:44:13
The allegroup.hu Ltd. has gifted the police with a useful guide, in order to help prevent and investigate online crimes. The book was created by one of the country's largest...
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Hungarian Tobacco Producers against unemployment
Date: 2011-07-13 08:30:42
A well balanced new EU Tobacco Products Directive is needed which takes in account health, employment and budgetary considerations. Also a new EU position is required for the amendment of...
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IDEA: an average 10 percent price increase is expected from the chips-tax
Date: 2011-07-12 13:15:21
The National Assembly approved the law on public health product fee. According to a recent analysis, the burden can cause an average 10 percent price increase in case of the...
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Lower than expected inflation in June
Date: 2011-07-12 13:14:28
According to the experts, interviewed by MTI; inflation in June was significantly lower-than-expected. They believe that seasonal food and fuel prices brought down the prices. According to the Central Statistical...
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VM: fruit production may accelerate in the wake of the chips-tax
Date: 2011-07-12 13:09:38
According to the Ministry of Rural Development (VM); the public health products tax may result a boom in the Hungarian fruit production boom. According to the VM communication sent to...
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It is expected that at least one hundred of Hungarian companies will export vegetables and fruits to the Russian market
Date: 2011-07-12 13:07:19
The Hungarian fruit and vegetable export restarted to Russia from the middle of last week, after the Kardeván Endre State Secretary, responisble for food chain surveillance and agri management successfully...
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GOSZ expects a minimum wheat cropof four million tons
Date: 2011-07-12 13:06:36
Currently it seems that the amount of wheat harvest will be around or above four million tons – said Vancsura József, the President of the National Association of Cereal Growers...
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Elderberry cultivation is profitable
Date: 2011-07-12 12:58:20
Elderberry cultivation is profitable, if someone does it professionally and with care. Demand is growing towards the fruit used as a food colourant, so the domestic area can be increased,...
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New Norbi-update book for those with diabetes
Date: 2011-07-12 09:31:40
A new book by fitness-health guru Norbert Schobert has signed his freshly published book “Norbi secret reloaded” within the compass og a special Update-bakery opening ceremony in Westend. Now people...
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The Parliament adopted the chips-tax
Date: 2011-07-11 17:00:05
The Parliament introduced the public health product tax, known as chips-tax. From, September this public health product tax will be applied on high sugar, salt, carbohydrates and caffeine-containing foods and...
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Lázár: Hamburger makers can not get away?
Date: 2011-07-11 15:17:03
Lázár János, the fraction leader of Fidesz will submit his proposal on food trading of the fast food networks as well as food production and circumstances of sale even this...
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The Ministry of Rural Development would easen the situation of small food producers
Date: 2011-07-11 12:50:48
Food safety has a prominent role in the National Rural Startegy – said Bognár Lajos, Deputy Secretary of the Ministry of Rural Development (VM), at the Sub-Committee meeting of the...
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Aufwind Schmack to start test operation of biogas plant in September
Date: 2011-07-11 09:49:07
The Hungarian-based unit of Germany’s Aufwind Neue Energien has come to the last phase of testing a 3.9 billion HUF biogas plant in Szarvas, Aufwind Schmack announced. If everything goes...
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The chips-tax may soften further
Date: 2011-07-08 14:10:06
According to the amendment of Rogán Antal (Fidesz); no public health product fee should be paid after home delivered soups and sauces and tax should be smaller in case of...
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GOST: interest subsidized loans can only keep the wheat in Hungary
Date: 2011-07-08 13:20:24
The National Association of Cereal Producers (GOSZ) initates interest subsidized loans for animal breeders and for the mills, to keep this year's wheat harvest in Hungary – said Vancsura József,...
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Accelerating export, huge trade surplus
Date: 2011-07-08 13:10:27
The May trade surplus of 720 million euros is much higher than expected, and it seems to be realistic that the 3.3 billion surplus of the first five months can...
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The “Hungarian pig” campaign has ended
Date: 2011-07-08 12:55:10
The Agricultural Marketing Centre's “Hungarian pig” campaign for this year has been ended. It contained advertising, public relations and community media campaign elements. The campaign aimed to promote the purchase...
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