Market News
The IT support of the national hail damage reducing system was handed over
The IT support of the national hail damage reducing system was handed over on Thursday in the headquarters of the Hungarian National Meteorological Service (OMSZ) in Budapest. Löwinger Endre, System...
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Hundred tonnes of cooking oil and 48 tonnes of crystal sugar were seized by NAV
Hundred tonnes of cooking oil and 48 tons of crystal sugar were seized by the National Tax and Customs Office (NAV). A food retailer attempted to scam the EU VAT...
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Cabbage consumption reduces the risk of bowel cancer
Certain vegetables, including cabbage, broccoli and cabbage is able to reduce the risk of developing bowel cancer with a special compound. Crustaceous vegetables have long been shown to have beneficial...
Read moreVienna is the most livable city in the world
It is best to live in Vienna all over the world – according to London analysts. After seven years, the Austrian capital has pushed Australia away from the first place...
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It is really worth buying an electric car these days
According to fleet management company LeasePlan’s annual Car Cost Index report, from 21 European countries it is in Hungary that the monthly maintenance costs of electric cars are the lowest....
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Hungarians are eating more consciously than 5 years ago
A representative survey by K&H, conducted with 600 participants, has revealed that Hungarians eat more fruits and vegetables, and more Hungarian-made groceries than in 2013. István Tresó, the head of...
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New type loyalty programmes are needed
According to an international retail loyalty study conducted by EY, with the participation of 130 senior executives, at global level only a small proportion of retailers have managed to make...
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EU ends discrimination against consumers
After a long period of negotiations, the European Union gave green light to the Geo-Blocking Regulation in the spring of 2018. The new regulation addresses unjustified online sales discrimination based...
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Hungarian fruit growers and cereal processing companies can end up in a bad situation
Changes in agricultural prices can cause serious problems for cereal crop processing companies and fruit growers – warns K&H Bank. István Tresó, the head of K&H’s agricultural sector development division...
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Higher vegetable product and lower livestock prices
In June 2018 agricultural production prices didn’t change from the level of June 2017 – reported the Central Statistical Office (KSH). This situation was the result of vegetable product prices...
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Good first six months for retail trade
In June 2018 like-for-like retail volume sales augmented by 6.5 percent; adjusted for calendar effects, the sales growth was 6.1 percent – reported the Central Statistical Office (KSH). Food and...
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Consumer prices up 3.4 percent in July
In July 2018 consumer prices were 3.4 percent higher on average than a year before. In comparison with July 2017, food prices increased by 3.6 percent. Egg’s price rose by...
Read moreAnalysts: The KSH announced a better than expected GDP data
The growth of the gross domestic product (GDP) in the second quarter has surpassed analysts’ expectations. Although the seasonally and calendar-effect adjusted figures mainly indicate the maintaining of pace and...
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The Agrarian Chamber launches a campaign to introduce new technologies for melon production
A campaign is launched by the National Chamber of Agriculture (NAK) in September, during which the new melon types and production technologies will be presented to the domestic farmers –...
Read moreThe decline of cereals is slowing down
Grain is still dominant in Hungary’s production structure – Világgazdaság Online wrote on the basis of the publication of the main crop area of the Hungarian Central Statistical Office. The...
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AM: the Visegrád countries are calling for stricter actions against unfair distributors
The Visegrád countries are pushing for stricter actions against unfair distribution practices – the Ministry of Agriculture (AM) told MTI on Wednesday. According to the Ministry, the V4s and the...
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Electronic payment is beneficial to everyone at the Cashless Sziget Festival
Financial Awareness Government Strategy adopted by the government is linked in many points to the Sziget Festival, which is the largest music festival on the continent, Hornung Ágnes, Minister of...
Read moreCigarette prices to increase in September
As a result of the EU regulation, a pack of cigarettes will cost 30-40 forints more from September, and in January and July 2019, the excise tax on tobacco products...
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NAV can fine due to the failing of online billing
The National Tax and Customs Office (NAV) can sanction the failure to provide online account data, and the amount of fines can be 500,000 HUF per account – Sztankó Dániel,...
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Almost half a billion forints logistics development starts in Nagymányok
Almost half a billion forints logistic center development starts in Nagymányok in the former briquetting factory’s service area and the infrastructure of the industrial park will also be expanded. To...
Read moreGrowth in retail sales in July was greater than expected
July retail sales in the United States have become significantly higher than expected by analysts. The US Department of Commerce announced on Wednesday that the seasonally adjusted and calendar effect...
Read moreKSH: economy increased by 4.6 percent in the second quarter
According to the raw data, Hungary’s gross domestic product (GDP) increased by 4.6 percent. According to the seasonally adjusted and balanced data, a 4.4 percent increase occured in the second...
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Agricultural producer prices were stagnant
In June, the agricultural producer prices increased to the same level as in the same period last year – the Central Statistical Office (KSH) announced on Tuesday. The price of...
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AM: 1.5 billion forints have already been decided in the fisheries management program
About 1.5 billion forints of support decisions were made in the Hungarian Fisheries Operational Program (Mahop) funded from the EU budget. By August, ie by the end of the summer,...
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Significant wage differences in retail trade
The monthly earnings of retailers working in small shops are around 200,000 HUF – Világgazdaság Online wrote after Blokkk.com. The best-paying micro-enterprise is the gas station, where employees of the...
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NAV: significantly bleached the economy by introducing online cash registers
The online billing launched from 1 July also aims to bleach the economy and reduce tax evasion. This is supplemented by NAV’s free Online Billing System, which can also be...
Read moreThe NAV seized nine million HUF worth smuggled cigarettes in Szabolcs county
The National Tax and Customs Office (NAV) seized nine million HUF worth smuggled cigarettes in Szabolcs-Szatmár-Bereg county. Magyar Norbert, the press officer of the county tax and customs department of...
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The water demand of plants can be calculated
As a result of an interesting experiment in Lower Saxony, it was revealed that it is precisely possible to measure how much irrigation water is needed for a single potato...
Read moreRetail sales in China increased less than expected
In China, retail sales and industrial production grew less than expected in July, according to the statistics agency’s report. In July, retail sales grew by 8.8 percent, compared to the...
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