Market News

Undivided collective ownership may be discontinued

The Ministry of Agriculture informed that undivided collective ownership still has to be discontinued on 950,000 hectares of agricultural land. In May 300,000 land owners concerned received letters from the...

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Changes in the conditions for alleviating agricultural damages

Green house farmers can now also be members of the scheme for alleviating agricultural damages. Per hectare contributions to the fund is defined based on what kind of fruit or...

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FMCG trends: decline in volume sales

FMCG volume sales dropped in all quarters of the last three years in Russia. Between December 2014 and February 2015 1 percent fewer products were sold than in the previous...

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NAK modifies statutes

At its Gödöllő meeting NAK modified its statutes: in the future members whose revenue from agricultural activities is below 20 percent will have to pay a membership fee based only...

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Magazine: Zsendülés conference: a very important event for the horticulture sector in Szeged

Kert-Ész Klub Hungary Association and Vitamin Szalon Kft. organised their 1st Zsendülés Horticulture Conference in mid-April in Szeged. The European Union budgetary cycle that ends in 2020 guarantees more funding...

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The three missed tobacco companies have cooperated

The Imperial Tobacco Magyarország Kft. offers an up to 6 billion HUF concession fee to the provision of tobacco retail. The JTI Hungary Zrt. és a Philip Morris Magyarország Kft....

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The Balaton Association’s request was rejected

Varga Mihály Minister for Economic Affairs rejected the Balaton Association's request that all the shops need to be open during the summer season. The ministry will decide in the autumn...

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Bisnode: not permitting the delay in payment is a competitive disadvantage to the companies

According to the analysis of the Bisnode business information company sent to MTI on Wednesday, those companies can be in competitive disadvantage that do not permit the delay in payment...

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Most of the Hungarian melon has been vaccinated

Most of the Hungarian melon has been vaccinated. But the average person cannot taste the difference between vaccinated and not vaccinated melons. This year's Hungarian harvest seems to be a...

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60 percent of the employees are committed towards their companies

According to a survey, 60 percent of the employees are committed towards their companies in Hungary, and do not plan to change jobs and perform beyond the expectations to fulfill...

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Crisis Management in CEE Countries

Sorry, this entry is only available in HU....

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More than seven thousand packs of smuggled cigarettes were found in Zala

The finance guards of the National Tax and Customs Administration (NAV) found more than seven thousand packs of smuggled cigarettes (worth about eight million HUF) in three cars on the...

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Google and GE among the most active lobbyists in Brussels

Google and General Electric (GE) are some of the most active companies lobbying the European Commission, the Transparency International (TI) said on Wednesday. In a report analyzing meetings held by...

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Brussels wants 1-percent growth in the size of grape plants

According to a new regulation by the European Commission, from 2016 until 2030 EU member states are allowed to increase the size of grape growing land by maximum 1 percent...

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Meat Association: the VAT reduction whitens the economy

The presidency of the Meat Association opines that reducing the VAT on meat to 5 percent can greatly contribute to cleansing the sector and fostering a fair market competition....

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List of 2007-2014 agricultural subsidies

The Ministry of Agriculture and the rural development secretariat of the PM’s Office are preparing a list of the various subsidies granted to farmers in the 2007-2014 period. With the...

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Nielsen: Nearly half of the Hungarian consumers are open to new products

An average of 32 500 new products appear in the food retail every year and after twelve months about 8 thousand remain on the market – Barta Mónika, Senior Account...

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Sunday store closure: pros and cons about the number of the employees

The number of employees decreased by more than two thousand in trade and the number of overtime hours also jumped since the introduction of the Sunday store closure – the...

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Hungary is one of the largest net beneficiary of the EU's new budgetary cycle

Hungary is one of the largest net beneficiary of the European Union’s new budgetary cycle that lasts until 2020 – Szűcs Tamás, head of the European Commission’s Representation in Hungary...

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The Nébih did not find deficiencies at lemon beers

The National Food Chain Safety Office (Nébih) tested fifteen lemon beers and found no deficiencies during the two months-long on-site control of the 4 largest domestic breweries. According to the...

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New trading houses will open in the Carpathian Basin

The Hungarian government will expand the network of trading houses in the Carpathian Basin – the Minister of Foreign Affairs and Foreign Economic Relations announced in Budapest on Tuesday, at...

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The majority of the cherry from Nagykörű to be exported to Romania this year

Exports to neighboring countries increased significantly from the internationally renowned Nagykörű cherry this year, meanwhile the interest towards the West European markets declined – Veres Nándor, mayor of Nagykörű told...

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The MNB expects price increases and larger growth

The Monetary Council of the Magyar Nemzeti Bank, increased its expectations for GDP expansion by relation by 0.1 percentage points to 3.3 percent. The Hungarian National Bank (MNB) also increased...

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Szekszárdi wines bottled with a uniform image

The bottling of the Szekszárdi wines with uniform appearance has begun. The first wines were the 2012 vintage kadarka wines of the Mészáros Winery that were filled into the wine...

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Deloitte: Hungarian companies spend more and more on research and development

The business-related spendings on research and development (R & D) increased significantly in the 2010-2013 period. As a result, after nine years of stagnation of around 1 percent the proportional...

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The IMF doesn not like the Romanian VAT reduction

The Romanian government's plan to reduce the current 24 percent general VAT rate to 19 percent can cause substantial government deficits – the International Monetary Fund (IMF) believes. Guillermo Tolosa,...

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Working hours vs. private time: blurred lines

Working from home and handling private matters during working hours: technology enables us to be connected anywhere, anytime. What does that mean to our workload? And are people still able...

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Cider is the most popular drink of the summer

Strongbow is a dry cider produced by H. P. Bulmer in England since 1962. The dry cider is the world's leading cider with a 15 per cent volume share of...

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Magazine: Office in your pocket

Smartphones are conquering the world. According to the Ericsson Mobility Report (published this February), last year 1.3 billion were sold worldwide. It took 5 years for the number of smartphone...

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GKI expects an around 2.7 percent GDP growth

The GKI Gazdaságkutató Zrt. Economic Research Company published its latest projection on Monday. According to the projection, the Hungarian economy will grow faster in 2015 than the EU average, which...

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