Market News
Analysts: GDP growth beyond the expectations
Date: 2016-02-15 11:40:24
The growth in gross domestic product (GDP) surpassed all analysts' expectations – according to macroeconomic analysts interviewed by MTI. In response to the Central Statistical Office’s (KSH) Friday published data,...
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Measures against honey forgers
Date: 2016-02-15 11:39:34
The European Commission developed a control plan in order to eliminate industrially created import honey imported to the EU. In Hungary the fake honey have been basically eliminated. The NÉBIH-...
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We need to shift to innovation-driven economy
Date: 2016-02-15 11:34:40
We need to shift to innovation-driven economy in the coming years. The industry should rely on knowledge, research and development, higher education and vocational education – the Minister of State...
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The stores that throw out food to be fined in France
Date: 2016-02-15 11:32:48
France has become the first nation in the world that will ban supermarkets if wasting food – according to a new law this month. From now, the large grocery stores...
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The authorities will strictly monitor the unlawfully operating sales presentation companies
Date: 2016-02-15 11:25:04
The authorities shall cooperate in the procedures relating to the sales presentations and strictly oppose against the offending companies. According to the joint statement of the Hungarian Competition Authority (GVH),...
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Hungary performs well in the EU export competition
Date: 2016-02-15 11:20:06
According to the first approximation, the euro zone’s 19 Member States shipped 167.5 billion euros worth goods to the rest of the world in December 2015, which is a three...
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Russia may be the world's largest grain exporter
Date: 2016-02-15 11:03:15
Russia's government hopes that Russia can become the world's largest grain exporter in the next agricultural year, like the former Soviet Union – Magyar Nemzet Online wrote. Russian Agriculture Minister...
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Two passengers tried to smuggle cigarettes from Dubai to Hungary
Date: 2016-02-15 11:01:32
About 7700 boxes of smuggled cigarettes were seized by finance guards at the Liszt Ferenc International Airport in Budapest – the National Tax and Customs Office (NAV) told MTI on...
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More than one and a half thousand years old roly-poly was found in Northwest China
Date: 2016-02-15 11:00:15
In Northwest China's Xinjiang, roly-poly was consumed already 1700 years ago. The roly-poly is the inevitable traditional food of the Chinese Lunar New Year's dinner – archaeologists claim. The conclusion...
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Lower administrative burden in the oenology and viticulture sector
Date: 2016-02-15 10:56:02
From 1 April 2016 winemakers can ask the relevant authorities to issue certificates of origin in an electronic format. Other changes in the regulation of the oenology and viticulture sector...
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Winter inspections: good results
Date: 2016-02-15 10:51:13
Winter inspections in the food supply chain ended with positive results in most cases. In December 2015 precisely 4,997 checks were performed by experts, 8.4 tons of products were ordered...
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EU apple and pear may be allowed to enter the USA
Date: 2016-02-15 10:40:24
The United States Department of Agriculture (USDA) published a draft regulation that gives a green light to apple and pear import from the European Union. This is great news for...
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Magazine: Almost 700 square metres of Hungarian exhibition space at Grüne Woche
Date: 2016-02-15 07:58:01
Between 15 and 24 January 2016 Berlin was the place where the world’s agri-food producers gathered: there were almost 1,700 exhibitors from 65 countries on 120,000m² at Grüne Woche, which...
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Big Data changes the future of HR
Date: 2016-02-13 11:31:06
Big Data analysis can help to optimise the recruitment process for HR managers, for whom certain personal characteristics and competences (soft skills) have become more important by now than previous...
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Retail sales of household chemicals and cosmetics increased by six percent
Date: 2016-02-12 12:00:54
The retail sales of household chemicals and cosmetics amounted to 356 billion HUF last year; 6 percent higher than a year before. The volume of sales remained unchanged. Among the...
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The families save an annual ten thousands HUF due to the VAT reduction on pork
Date: 2016-02-12 11:53:49
The VAT reduction on pork is resulted in 25 million HUF savings for the customers, so a family of four will save an annual ten thousands HUF – the Parliamentary...
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KSH: the performance of the economy grew by 2.9 percent last year
Date: 2016-02-12 11:50:12
Hungary's gross domestic product (GDP) grew by 2.9 percent in 2015, compared to the previous year. In the fourth quarter of 2015 the growth was 3.2 percent, compared to the...
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Young farmers are performing well in the horticultural sector
Date: 2016-02-12 11:43:30
The rate of young farmers in the horticultural sector is more than 10 percent in Hungary. These farmers are taking risks above the average and are more open to new...
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Valentine's Day – flowers and chocolates are the hit products
Date: 2016-02-12 11:40:00
Sales are increasing before 14 February (Valentine's Day) in the domestic stores – according to the chains. The chain of stores told MTI that the most popular products are chocolates...
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The product boards are concerned due to the transformation of irrigation rules
Date: 2016-02-12 11:17:22
The FruitVeB, Fruit and Vegetable Interprofessional Organization and Marketing Board and the Apple Product Board are calling for consultation on the subject. In the document sent to MTI on Friday,...
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The ifo World Economic Sentiment Index declined in the first quarter
Date: 2016-02-12 11:15:07
The Ifo Index for the world economy dropped from 89.6 points to 87.8 points this quarter, drifting further from its long-term average (96.1 points). While assessments of the current economic...
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NAV: finance guards found 1,600 liters liters of untaxed pálinka
Date: 2016-02-12 11:10:11
During an excise control, the finance guards of the National Tax and Customs Office (NAV) found 1,600 liters liters of untaxed pálinka – the NAV told MTI on Saturday. According...
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Hungary is the first EU country to sell beef to China
Date: 2016-02-12 11:08:48
In mid-January the first beef consignment from an EU country, Hungary, ceremonially arrived at Shanghai. The representatives of the municipality, the customs authorities, the quarantine office and the buyer company,...
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Danubiana exports more wine
Date: 2016-02-12 10:06:46
Bonyhád-seated Danubiana Kft. increased its wined export by 5 percent. The company sold 138,000 hectolitres of wine in 2015, 90 percent of which was exported to the UK, Scandinavia and...
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Farmers can also apply for preferential loans
Date: 2016-02-12 10:03:41
Until the end of January farmers can apply for loans with subsidised costs in the Széchenyi Card and the Hungarian Development Bank (MFB) schemes. The Agricultural and Rural Development Agency...
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Magazine: Energy drinks are flying high again
Date: 2016-02-12 07:50:19
Energy drink is a functional product that fits very well into the consumer lifestyle of today’s rat race world. A growing number of people drink them instead of coffee. Sales...
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Analysts: inflation was lower than expected in January
Date: 2016-02-11 11:40:53
The inflation rate in January fell short of the expectations. The main role in the data was played by the significant drop in fuel prices, the reduction of VAT on...
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GfK: financial awareness is independent of age
Date: 2016-02-11 11:32:01
The development of financial culture is a vital interest for all the players in the financial sector. The financial culture encompasses the knowledge of financial products, the oversight of financial...
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Vine pruning at full swing
Date: 2016-02-11 11:31:39
Vine pruning starts later in milder weather in the small gardens, but at the larger vineyard parcels work was going on during the whole winter. With the exception of harder...
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The Hungarians like to celebrate Valentine's Day at a restaurant
Date: 2016-02-11 11:29:01
In Hungary, 67 percent of Valentine's day card spending are carried out in restaurants, while the fewest transactions are in flower shops and jewelry stores (2-2 percent) – according to...
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