Market News
The diabetic indication disappears from the foods from 20 July
From 20 July the “diabetic”, the ” diabetics can consumed it” and the orange circle marking on foods, will not be used, because such markings can be misleading – origo...
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GfK: the sales of technical products decreased by 1.2 percent in the first quarter
The sales of durable technical goods decreased by 1.2 percent in the first quarter, compared to the same period of the last year, while the total turnover amounted to 121.4...
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One billion HUF fraud with rapeseed oil
A company in Budapest cheated nearly one billion HUF VAT with rapeseed oil purchasing. The suspicion was confirmed by the data of the electronic control system for road freight –...
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Social farms in Hungary?
Hungary may launch its own social farm programme in the second half of the year. The objective of the programme is to give work to people in a disadvantageous situation...
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Foundation stone laid for the cereal processing plant in Tiszapüspöki
Tisza-TK Projekt Kft. is building a cereal processing plant from a HUF 45-billion budget in Tiszapüspöki. The government finances the biggest food industry investment since 1990 with HUF 9.2 billion....
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Nielsen: trade advertisings have increased
Trade advertising increased significantly, after the stores can remain open again on Sundays. While in case of spots promoting trade, the Nielsen Közönségmérés Kft. (Nielsen Audience Measurement Ltd.) registered a...
Read moreThe government expects a GDP growth above 3 percent until 2020
In its fiscal outlook for the years 2018-2020, the government expects a GDP growth over 3 percent and 0.9 percent inflation in 2017. The government expects 2.4 percent inflation in...
Read moreBeer consumption increased in Hungary
Hungarians drank more beer last year than in the previous year: the consumption increased by 4 percent – the Association of Hungarian Brewers (AHB) told MTI on Wednesday. The non-alcoholic...
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VAT reduction may continue next year
The general debate of the 2017 annual budget bill began in the parliament on Wednesday. Varga Mihály Minister of National Economy said in connection with next year's budget that he...
Read moreThe Rural Development Programme supports the development of irrigation
The call for proposals to support irrigation development was published by the Rural Development Programme (VP) – the Prime Minister's Office told MTI on Wednesday. According to the information thanks...
Read moreFrom 20 May the use of e-cigarettes will also be limitated
The regulation, restricting the use of electronic cigarette enters into force on 20 May. The use of e-cigarettes will be prohibited at work places and playgrounds; the rule violators can...
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The Nébih found pesticide residue in Egyptian pepper
The National Food Chain Safety Office (Nébih) found insecticides pesticide residue in Egyptian sweet peppers at a company's premises in Kaposvár – the authority told MTI on Wednesday. According to...
Read moreGerman exports increased significantly
Germany’s trade surplus grew to record heights in March, after exports increased higher than expected, while imports decreased. According to the preliminary data of the German Statistical Office (Destatis) published...
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The Chinese police caught jellyfish counterfeiters
Jellyfish counterfeiters were caught by the police in eastern China, after they sold about 10 tons of artificially produced jellyfish on the market – the local mediareported on Wednesday. The...
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Changes in customs practices
On 31 March 2016 the Hungarian parliament passed the law on the implementation of the new EU customs law, which in accordance with the rules of the EU Customs Code...
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Ever-faster market expansion
Fruit yogurt value sales were up 7 percent and volume sales expanded by 2 percent in the February 2015-January 2016 period. The size of the market neared HUF 37 billion...
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Straight to the court with NAV
From the beginning of next year the new regulation for seeking legal remedy against the rulings of tax authorities enters into force. In the new system enterprises don’t need to...
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For the benefit of consumers in every channel!
Retail technology trade fair EuroCIS focused on the omnichannel strategy this year and attracted a record number of visitors: there were more than 10,400 trade visitors from 87 countries, who...
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Nébih: 1 out of 14 bacon products had to be withdrawn from circulation
One out of fourteen smoked, raw, sliced, pre-packaged bacon products was bad. The National Food Chain Safety Office (Nébih) withdrew the products from circulation. The National Food Chain Safety Office...
Read moreLow inflation stimulates consumption
Low inflation is stimulating consumption through the real value of wages and is expected to contribute to gross domestic product (GDP) growth as well – Balogh László, Deputy Minister of...
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Small and medium-sized enterprises can apply for 1000 billion HUF supports
The small and medium-sized enterprises can apply within the Economic Development and Innovation Operational Programme (GINOP). Until now, almost 1000 billion HUF supports were announced from the 2500-2600 billion HUF...
Read moreA fifth of plants are threatened with extinction
One-fifth of all 400,000 plant species in the world are threatened with extinction – ccording to a new study. The “state of the world's plants” report by the Royal Botanic...
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Fine-tuned cash registers
The Hungarian Cash Register Association opines that the new regulation on online cash registers eases the unnecessary strictness of the previous system. President of the association Zoltán Novák told that...
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Romanians are optimistic about their personal finances
Behind Germany, Romania is Hungary’s second biggest agri-food export market: in the first eleven months of last year it had a 12-percent share in our export. The average Romanian household...
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Yogurt in returnable bottle
Cserpes Cheese Workshop has developed lactose- and sugar-free milk drinks and yogurts for those consumers who must follow a special diet. These products are sold in bottles manufactured in O-I’s...
Read moreKSH: Easter and March 15 were good for tourism
In March, the number of guest nights spent by domestic guests increased by 24.5 percent, compared to the previous year, which has mainly seasonal causes, such as the 15 March...
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Magazine: Flavour inspirations
When good weather arrives many Hungarian families leave the kitchen and go outside to cook in a cauldron (‘bogrács’) or to do barbecues. This is the real high season for...
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Nielsen: the importance of local and global brands in buying decisions
Two-third of the Hungarian consumers (65%) say that the origin of the brands affect their purchase decisions more, than nine other aspects, which include the price, taste, function or packaging....
Read moreStrawberry prices may increase
The April frost damage caused significant damages to the outdoor plantations. The damage may be even 30 percent nationwide – Magyar Idők wrote, quoting Ledó Ferenc, President of the Hungarian...
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