Market News
According to the Hungarian Turkey Association the high VAT inhibits consumption
The Hungarian Turkey Association has organized its annual professional conference for the third time, where the major issues of the poultry and turkey industry were discussed. At the event, it...
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Drastic decline: this year's apple crop reduced by half
This year's apple crop was lower than it was expected. Because of the drought, compared to last year’s nearly 900 thousand tons this year only 450 thousand tons of apples...
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The Food Bank collects Christmas donations in three hundred stores
The Hungarian Food Bank Association organizes its traditional Christmas food donation campaign in 2015 again. It is a novelty that from this year for the first time, the campaign lasts...
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The FM would register the Chimney Cake as a Traditional Special Product
The Ministry of Agriculture (FM) acts for EU registration of Chimney Cake as a “Traditional Special Product” – the ministry told MTI on Wednesday. The registered name can be used...
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Consumer confidence improved in the USA
Consumer confidence improved in the USA in November – according to the final data of the Reuters and the University of Michigan. According to the regular monthly survey published on...
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Temporary solution
From 1 January 2016 the rules of setting the deadlines for settling accounts periodically are going to change – reported MAZARS. Sándor Szmicsek, a tax partner of MAZARS told: the...
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Is there a reporting obligation?
According to guidelines from the National Tax and Customs Administration (NAV) published in October, it doesn’t have to be reported within 30 days if a partner company renounces being paid...
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Nielsen: one third of the Hungarians are satisfied with their salary
More than half of the Hungarians gains informations from television. TV is on the second place for spending free time as well. In Hungary an average of 33 percent of...
Read moreFM: About 13.5 million tons of grain grown this year in Hungary
In Hungary, a total of approximately 13.5 million tons of grain grown this year, compared with the 16.3 million tonnes of last year – the Minister of State of the...
Read moreThe National Tobacco Store Supplier and the Imperial Tobacco Ltd. signed a contract
The National Tobacco Store Supplier (ODBE) signed a contract with another tobacco wholesaler, the Imperial Tobacco Ltd. – the ODBE told MTI on Tuesday. According to the communication of the...
Read moreDistillate tax ticket to come
The institution of legal pálinka distilling will remain; the private distilling will be burdened with minimal cost and administration burden – the head of department of the Ministry of National...
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The competition authority imposed fines due to dietary supplements
Several companies have given misleading information about certain dietary supplements that are containing devil's tongue extract (glucomannan). The agency on Tuesday informed that the proposed daily doses of the Celsus...
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Getting Familiar with the horse meat?
The consumption of horse meat is sacrilege in the eyes of many people, but some of the horses in Hungary finishes its life as a food product. However, no horses...
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Consumer confidence decreased strongly in the US
After a slight decline of october, consumer confidence deteriorated sharply in the United States in November – the Conference Board economic research institute announced on Tuesday. The CCI (Consumer Confidence...
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The PET Bottle Movement calls for the removal of the waste floating in the river Tisza
The PET Bottle Movement urges a rapid removal of the waste floating in the river Tisza – the movement's organizer, the Természetfilm.hu Association sent a communication to MTI on Tuesday....
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Successful corn variety presentation in Debrecen
A corn variety testing system was introduced at the Debrecen laboratory of the National Food Chain Safety Office (NÉBIH). There were 80 participants from 32 town and villages. Sándor Szabó,...
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Farm produce marketplace in Kecskemét
Every Thursday local farmers and artisan food producers are selling their products in front of the Town Hall in Kecskemét. The farm produce marketplace programme was organised by the county...
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Dairy sector plans to introduce a standardised system
At the last Agriculture Club meeting, organisers K&H Group and Agrár Európa Kft. urged important actors of the diary sector to develop a standardised system for calculating production costs, which...
Read moreMagazine: Rural Development Programme commences
The first grant programmes in the government’s HUF 1,300 billion Rural Development Programme (VP) will be announced this autumn. In addition to the HUF 206-billion sum available from this budget,...
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The number of commercial credits increase before Christmas
From the point of view, consumer lendings, the period before Christmas is traditionally strong. Most people are looking for goods and overdrafts, but credit cards are also commonly used in...
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Media Council: eight brands per hour appear on the two major commercial channels
The viewers of the two large national commercial television channels identified an average of eight brands an hour in the first half of 2015. This ratio was 8.5 in case...
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More and more businesses join to the Black Friday
More and more businesses join to the “Black Friday” in Hungary that will be held on 27 November , however, this kind of purchase special is not so widespread in...
Read moreGKI: deteriorating, but still optimistic business expectations
After the four months decline of November, the seasonally adjusted value of the GKI-Erste economic index increased slightly, due to the deterioration in business expectations. The consumer expectations remain on...
Read moreSuspicious honeys to be withdrawn from the market
Bognár Lajos national chief veterinarian immediately ordered the withdrawal of honeys that are suspiciously involved in honey counterfeiting – the Ministry of Agriculture announced on Thursday. According to the Ministry’s...
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Analysts: average salary increase may be around 4 percent this year
The annual average salary increase this year may be close to 4 percent – and it will bring the same level of increase in real wages in addition to the...
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The eurozone is in impetus
The economic growth in the eurozone grew at its fastest pace in four-and-a-half years, although companies continue to cut prices, fuelling expectations that the European Central Bank will bulk up...
Read moreThe Chinese government decided about consumption stimulating actions
China in order to boost consumption increases imports, making the tax refunds for foreign buyers easier, and expands the range of cities that can be visited for 72 hours without...
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Hungarian food products showcased in Rome
The Hungarian embassy in Rome and NAK organised an event where Hungarian food products were introduced to the representatives of multinational and Italian retail chains, shop owners and agencies at...
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Hungary’s first farmer community forms in south Nógrád
Farmers from seven villages met in Héhalom, Nógrád County to establish Hungary’s first farmer community. In the future fifty farmers from Héhalom, Egyházasdengeleg, Erdőkürt, Palotás, Kálló, Csécse and Ecseg will...
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