Market News
Forty thousand packs of untaxed cigarettes were found in a van
Forty thousand packs of untaxed cigarettes were found in a van by the finance guards of the National Tax and Customs Office (NAV). The driver fled leaving the vehicle. According...
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Simpler taxation, longer procedures
The World Bank Group and PwC’s Paying Taxes 2017 report – which studies how simple tax payment is 190 countries of the world – reveals that from year to year,...
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EU-level voucher system
As of 1 January 2019 stricter and much more complicated rules will regulate the voucher system, because the European Union has adopted a directive aimed at harmonising and clarifying the...
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Increasing minimum wages
The government, employers and trade unions have reached an agreement on next year’s wages. In November Minister for National Economy Mihály Varga announced: next year minimum wages will grow by...
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Magazine: Hungary’s commercial real estate market keeps growing
After the decline caused by the economic recession of 2008, the Hungarian commercial real estate market was going through a recovery process in the last few years. Zoltán Szalóky, head...
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ÉFOSZ: the health status of the Hungarian population was not affected by the introduction of the public health product tax
According to the Food Industries National Association (ÉFOSZ), altough the consumption of products affected by the public health product tax (NETA) declined in recent years, the introduction of the tax...
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Inspectors mainly found labeling errors in case of frozen chips
The National Food Chain Safety Office (NÉBIH), found labeling errors in case of all the sixteen tested frozen french fries products. According to the communication of the National Food Chain...
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NGM Minister of State: earnings will also rise in the higher wage brackets
Earnings will also rise in the higher wage brackets due to the introduced tax cuts – Cseresnyés Péter, Minister of State for National Economy Ministry (NGM) told M1 news channel...
Read moreLast year, retail sales increased by 5.6 percent in the Czech Republic
Retail sales increased by 5.6 percent in the Czech Republic in 2016 on an annual basis – the Czech Statistical Office (CSU) announced on Monday in Prague. Statisticians said that...
Read moreFazekas: the establishment of joint-ventures may be an important part in the Russian-Hungarian agricultural cooperation in the future
The establishment of joint-ventures may be an important part in the Russian-Hungarian agricultural cooperation in the future – the Ministers of Agriculture of the two countries stated during talks in...
Read moreThe share of domestic foods continued to decline in the stores in Slovakia
The share of domestic foods continued to decline slightly last year in Slovakia – was revealed in the survey of the Slovak Agriculture and Food Chamber (SPPK). According to a...
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Export conference for Hungarian enterprises in neighbouring countries
In November the Hungarian National Trading House (MNKH) organised its first export-themed conference for Hungarian businesses located in neighbouring countries. The event took place in Csíkszereda (Miercurea Ciuc) in Romania...
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What will Donald Trump bring for the financial markets?
On 8 November 2016 Donald Trump won the presidential elections in the USA. At the moment it is rather uncertain what is going to happen in the financial markets. It...
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Details about the legalisation of wells
Many questions emerged in connection with the legalisation of wells dug illegally. Those concerned by this can find useful information on the NAK website....
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The Chinese market needs to be approached cautiously
It is very important to know that businesses that wish to enter the Chinese market need to be aware of how important the following things are in the country’s business...
Read moreAnalysts: retail sales growth slowed, but continues
The increase in retail sales slowed down, but continues, the decline in pace was probably only temporary – analysts commented on Friday published data of the Central Statistical Office (KSH)...
Read moreThe indication of the availability of consumer protection authority is not mandatory in the stores
The indication of the availability of consumer protection authority is still not mandatory in the stores, due to the lack of this, the authority shall not fine the traders, as...
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The Government will indemnify all the farmers due to the bird flu
The Government will indemnify the farmers for their losses, incurred due to the avian influenza; a total of more than 3 billion HUF is available for this purpose of which...
Read moreThe assessment of frost damages has started in agriculture
The assessment of frost damages has started in the orchards and fields – the leaders of the trade unions told MTI on Monday. Ledó Ferenc, chairman of the Hungarian Fruit...
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Hungary has not yet been informed of the proposed Russian banning of the poultry meat import
The Hungarian authorities have not yet received formal notification that Russia bans poultry imports from European countries hit by bird flu – the National Food Chain Safety Office (NÉBIH) told...
Read moreLázár: the country’s economic reserves are in Southern Great Plain
Due to its agricultural and food options, and due to its working force resrerves, Hungary’s economic reserves can be found in the South Plains region – the Minister leading the...
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The black diamond collection season will restart after the frosts
Million worth living treasures The success of Széll Tamás at the Bocuse d’Or contest with his vegan meals containing Hungarian truffles as well as the Hungarian mushroom record found in...
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K&H: more and more under age have a bank accounts
The number of bank accounts of people under-18 increased significantly in the past 10 years. As a result more than 30 thousand young people have bank accounts at the K&H...
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Education must be adapted to the agricultural and food industry market needs
Education must be adapted to the agricultural and food industry market needs, so the demand and supply of labor must be coordinated – was said at the roundtable discussion organized...
Read moreRomanian retail sales volumes grew 13.5 percent last year
The volume of Romanian retail sales increased by 13.5 percent last year, over the previous year – the Romanian national statistical institute announced on Friday. The increase is primarily due...
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Because of the “olive Ebola” two thousand trees had to be destroyed in the Balearic Islands
Due to the spread of the Xylella fastidiosa disease about two thousand trees had to be destroyed in the Spanish Balearic Islands, which therefore limited the export of certain plant...
Read moreComposition of Szekszárd Bull’s Blood wine changes
As of 2016-2017 the composition of the Szekszárd Bull’s Blood cuvée wine changes: in the future this cuvée will be made from four instead of three varieties, and from these...
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Home market still lead by Budapest, other areas catching up in commercial properties
In January 2017, the Budapest and the Hungarian real estate market indices of GKI-MGYOSZ stood at +4 and +2 points respectively. The index figure in Budapest was slightly up (within...
Read moreEuropean retail chains getting stronger
In Q3 2016 the sales revenue of European retail chains increased – according to a report by Moody’s Investors Service. Moody’s vice president Vincent Gusdorf told: the good performance is...
Read moreRetail sales increased by four and a half percent in 2016
The volume of retail sales increased by 4.5 percent in 2016, after the 5.8 percent of the previous year. The calendar-adjusted figures indicate a 4.6 percent increase – according to...
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