Market News
The number of mobile subscribers to increase by 2.6 billion in five years
In the next five years, the number of mobile subscribers will increase by 2.6 billion, last year, the broadband mobile net services had 4.4 billion subscribers worldwide, according to Ericsson’s...
Read more
The EU is the world’s largest medicine importer
The European Union was the world’s largest medicine importer last year, according to Eurostat, the Statistical Office of the European Union. According to Eurostat, in 2016, most medicinal and pharmaceutical...
Read more
Consumers have the feeling that retailers misunderstand them
According to the latest Talend survey that was conducted by Researchscape, only 61 percent of consumers think that companies understand their needs and an even smaller proportion seem to be...
Read moreMedium yield is expected from the autumn crops
According to preliminary estimates, this year, good average yields can be expected in the autumn arable crops – the Minister of State of the Ministry of Agriculture said in Szabolcs....
Read moreThis year’s The Internet Traders of 2017 awards were handed over
This year’s The Internet Traders of 2017 awards were handed over. At the contest held for the 11th time nearly 400 companies featured. The winners were announced in small and...
Read more
MNB: In May, food and energy prices mainly caused the increase in inflation
In May, mainly the volatile, food-and-energy prices had an impact on price increases – May inflation figures were evaluated on Thursday by the National Bank of Hungary (MNB). According to...
Read moreThe NGM launches a labor safety campaign for agricultural workers
The Ministry of National Economy (NGM), in cooperation with the National Agricultural Chamber (NAK) and the Szent István University, is launching a two-year national labor safety campaign focusing on the...
Read more
NGM: the SMEs have won 14.5 billion HUF grant
590 micro, small and medium-sized enterprises (SMEs) won a total of 14.5 billion HUF for the strengthening of competitiveness for the implementation of investments and for the development of research....
Read more
FM: this year’s farm development proposals will appear soon
This year’s Farm Development Program proposals will appear soon. The proposals for this year’s Farming Development Program will be available with a budget of 1 billion 225 million HUF –...
Read moreCigarettes were smuggled with drone
The Romanian authorities seized a cigarette consignment sent from Ukraine to Romania on Sunday dawn – the Romanian border police said on Monday. The Romanian border police noticed on Sunday,...
Read more
Hungary’s agri-food export exceeded 8 billion euros once again
In 2016 our agri-food export went above EUR 8 billion again. Agri-food export increased by 1.6 percent and contributed to the nation’s total export with 8.6 percent. Although import grew...
Read more
Online invoicing will start next year
With the debut of online invoicing, 1 July 2018 is likely to bring another phase in the process of whitening the economy. The ministry wants a system that creates little...
Read more
Cetelem: Hungarian consumers are pessimistic, but they are planning despite pessimism
The Hungarian customers are among the pessimistic customers in Europe, but this is not supported by market trends, as according to the central bank’s figures, last year, 60 percent more...
Read moreFAO: the value of food imports is growing
The international market for basic crops is balanced, wheat and corn are abundantly available, while oil seed production is re-energized. However, due to transport costs and an increase in the...
Read more
Poultry can be exported from seven counties from Saturday to Russia
From Saturday the Russian federal animal health and plant protection service (Roszszelhoznadzor) has re-licensed the imports of live poultry and egg from seven Hungarian counties, the Kommersant daily reported. The...
Read more
NAK: By 2013 the businesses can self-revise their membership fee obligations
According to a decision made by the National Chamber of Commerce in May, the new members in the membership register who are not engaged in agricultural activities can again be...
Read moreMore than 22,000 students study in the Hungarian agrarian training system
More than 22,000 students study in the Hungarian agricultural training system, taught by about 3,000 teachers across the country at 63 sites of 48 agricultural training schools – the Managing...
Read more
Things that we don’t know about beer or we knew it wrong
A glass of milk or fruit juice contains more calories than a glass of beer, which is not always recommended to be served cold and is not always recommended to...
Read moreBudapest Airport: every opportunity has been given to expand the freight business
According to Budapest Airport, in contrast to the other EU airports, every opportunity has been given to expand the freight business at the Liszt Ferenc International Airport, so in the...
Read more
Magazine: Bites in portions
The pet food market has been expanding for years. More and more cat and dog owners are feeding their little favourites with special food that contains vitamins and minerals, instead...
Read moreKSH: inflation declined to 2.1 percent in May
Consumer prices were an average 2.1 percent higher in May than in the previous year, inflation slowed down by 0.1 percentage point from the 2.2 percent of April. Compared to...
Read moreChamber of Agriculture: the demand for Hungarian cherries may be bigger in Europe this year
This year, the demand for Hungarian cherries maybe higher than in previous years, as the yields in Poland fell considerably due to May frosts, the National Chamber of Agriculture (NAK)...
Read more
VAT on pork offal may fall to 5 percent next year
The VAT rate on pork offal may fall to 5 percent next year if the Parliament accepts the amendment supported by the Parliament’s Legislative Committee on Thursday. The committee voted...
Read more
Export value declined in April
In April, exports in euro were 1.6 percent lower, while imports were 0.4 percent lower than in the same period of last year, after the 19.0 and 21.3 percent increase...
Read moreK&H: SMEs expect greater profit growth
Small and medium-sized enterprises (SMEs), as in the previous quarter’s survey, expect a 5.5 percent increase in sales. The SMEs expect a profit growth of 3.6 percent in the following...
Read moreGrowth in retail sales slowed down in Romania
Growth in retail sales slowed in Romania in April, while the retail sales volume in March was 9.2 percent higher than in March last year. In April retail sales increased...
Read moreThe smugglers abandoned thirty-million HUF worth cigarettes
Smugglers on the run abandoned thirty-million HUF worth cigarettes near Beregdaróc, at the Hungarian-Ukrainian border – the spokesman of the Szabolcs-Szatmár-Bereg County Tax and Customs Directorate of the National Tax...
Read more
International actions by NAV
The National Tax and Customs Administration (NAV) regularly requests information from foreign authorities, in order to be able to catch those foreigners who commit VAT fraud in Hungary. Csilla Tamásné...
Read more
Too heavy fine imposed
Both the Hungarian VAT law and its implementation are problematic – stated the European Court of Justice (ECJ). The ECJ’s preliminary ruling came after having examined a case, in which...
Read more
International operation against food fraud
Hungary has contributed to the success of the international operation against food fraud, called ‘OPSON VI’. Between December 2016 and March 2017 no less than 61 countries participated in the...
Read more
