Market News
Half a million people lose their jobs because of the counterfeiting of fashion items every year
Each year more than half a million people lose their jobs because of fashion forgery that causes approximately 13 trillion HUF damages in the European Union – the National Board...
Read moreThe VAT reduction did not hit a hole in the Romanian budget
Government revenues have not decreased, despite the June introduction of the discounted 9 percent VAT on food, catering and non-alcoholic drinks in Romania – Victor Ponta Romanian Prime Minister said....
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Go physical stores!
Several articles are focusing on the advantages of shopping the traditional way and stressing the importance of retaining competitiveness when online giants such as Amazon are entering the market of...
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Magazine: We rewarded the best promotions
There were 27 entries in our magazine’s ‘Most successful promotion of the year’ competition. A jury of experts and consumers both evaluated works and 19 of them went home with...
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Nielsen: the companies spent 24 percent more on the TV advertising of foods
The companies spent 24 percent more 78.4 billion HUF on the TV advertising of food products in the first half on list price, without discounts – told the Nielsen Közönségmérés...
Read moreThe government to amend the food chain supervision fee
The regulation on food chain management fees will be amended in September. Currently, a consultation is taking place about the level of tax rates with the European Commission. There are...
Read moreThe GVH helps the small breweries in market acquisition
The Hungarian Competition Authority (GVH) required the three largest breweries in Hungary, by the end of 2017 to reduce the amount of their sold beer products by 20 percent exclusively...
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Russian embargo: Brussels extends the support measures
The European Commission will extend the scope of the measures, which seeks to ease the impact of the Russian import ban affect the fruit growers and the dairy industry –...
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Economic sentiment improved slightly in the EU
Economic sentiment improved slightly in the 28 Member States of the EU in July, as well as in the Euro Zone – the European Commission (EC) said in a statement...
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Ten billion HUF program to start for people with changed working abilities
The government at the end of the year plans to launch a complex program for the and labor-market integration of disabled people with a 10 billion HUF support – said...
Read moreFinance guards are suspected with the support of cigarette smugglers
The National Tax and Customs Administration (NAV) suspects 18 finance guards with the support of cigarette smugglers near the Ukrainian border. Waltner Rolland, Deputy Attorney General of the Chief Prosecutor's...
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Less tablets sold worldwide in the second quarter
In the second quarter the number of tablets sold decreased by 7.0 percent compared to the previous year. Compared to the first quarter, the number of tablets sold decreased by...
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Masters of tender writing
According to Lajos Lovász, president of the MATERal Group, if a business decides to tender for funding, two things need to be clarified: can the project in question be realised...
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Budget approved in the spirit of stability and predictability
The Hungarian parliament has given the green light to the 2016 budget, the main objectives of which are the protection of jobs, tax reduction and creating a stable and predictable...
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Accounting 2.0 – changes in the financial institutions sector
At a seminar Deloitte organised for the financial sector on the latest developments, important legislative changes and new opportunities. Experts spoke about the positive influence the Lending for Growth Programme...
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Confusion about the VAT payment date rules
It is not the payment deadline as contained in 58. § (1) of the VAT Act but the last day of the settlement or payment period that shall apply for...
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Hundred thousand tons of flour is sold in the black economy each year
About 100 thousand tons of flour is sold in the black economy each year in Hungary with VAT frauds. The cheaters turned towards the flour, after the Government introduced reversed...
Read moreOne third of internet users use the web as a professional
Twenty percent of the net using adults have low, 43 percent of them have intermediate, and 37 percent of them have high digital skills – according to the survey prepared...
Read moreThe winemakers are protesting
Wine producers on the Plains feel their situation hopeless, because the 630 thousand hectoliters of cheap imported Italian wines, repress the price of the high quality domestic wine products. (The...
Read moreKSH: 126 thousand more people were working in April-June
The number of employees in April-May-June exceeded 4 million 201 thousand, 126 thousand more, compared with the same period of a year ago – the Central Statistical Office (KSH) announced...
Read moreKPMG: CEOs worldwide are optimistic about the future of the world economy
Chief executive officers (CEOs) of global businesses have grown more confident about the growth of both their companies and the global economy over the next three years than they were...
Read moreThe declaration of online rights was presented in Italy
The Italian parliament wants to have its say in the creation of an international legal framework promoting freedom, equality and access to cyberspace for all, and on Tuesday it presented...
Read moreSixty-five million HUF worth cigarettes were seized in Nyíregyháza
Sixty-five million HUF worth smuggled cigarettes were seized by the National Tax and Customs Administration (NAV) in Nyíregyháza – Jánvári Regina, NAV press officer told MTI on Wednesday. Jánvári Regina...
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No change in the GfK German sentiment index
In line with analysts' expectations change did not occur in the GfK economic research institute’s German sentiment index for August. According to the data published on Wednesday, the value of...
Read moreAccounting 2.0 – changes in the financial institutions sector
At a seminar Deloitte organised for the financial sector on the latest developments, important legislative changes and new opportunities. Experts spoke about the positive influence the Lending for Growth Programme...
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Confusion about the VAT payment date rules
It is not the payment deadline as contained in 58. § (1) of the VAT Act but the last day of the settlement or payment period that shall apply for...
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Concentration in retail sales
Retail sales of processed meat exceeded HUF 79 billion in the first 4 months of the year. Sales grew 2 percent from January-April 2014. From this turnover salami’s share was...
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Budget approved in the spirit of stability and predictability
The Hungarian parliament has given the green light to the 2016 budget, the main objectives of which are the protection of jobs, tax reduction and creating a stable and predictable...
Read moreFree trade agreement: the Hungarian food may win
Hungary will win on the world markets with the flavor of its foods. After the signing of the free trade agreement Hungary can even defeat America – Vadász György executive...
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Nielsen: the consumer confidence index declined by two points
The consumer confidence index decreased to 55 points in the second quarter in Hungary, compared to the 57 points of the first quarter. But it is still more than the...
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