Market News
The private label products of the chains brought 240 billion HUF turnover in the first half of the year
Date: 2015-09-24 11:47:48
The Hungarian consumers bought private label food, household chemical goods and cosmetics in a value of about 240 billion HUF in the first half of this year, which is 7...
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Three-quarter of the sunflower has been harvested
Date: 2015-09-24 11:31:47
Almost three-quarter of the sunflowers in Zala County has been harvested until now. The plant’s quality parameters comply with the regulations – the president of the county National Agricultural Chamber...
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GKI: The real estate business is doing better
Date: 2015-09-24 11:14:08
Sorry, this entry is only available in HU....
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A record number of applications were received to the Farm Development Program
Date: 2015-09-24 11:07:22
This year a record number of 1775 applications were received to the applications of the Farm Development Program, that means a 75 percent increase compared to 2013 – the Minister...
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Tobacco, alcoholic beverages, children's toys and clothes were seized in Northern Hungary
Date: 2015-09-24 11:05:07
Significant quantities of tobacco, liquor, children's toys and clothes were seized by the finance guards in one day in Northern Hungary, worth more than three million HUF – the National...
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The Dairy Product Council calls for a VAT cut
Date: 2015-09-23 11:44:26
If the Value Added Tax on Hungarian milk products would be reduced to 5 percent from January 2016, the population would buy the cheaper Hungarian milk instead of the import...
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Professionals have praised the introduction of the catering regulation
Date: 2015-09-23 11:20:55
According to experts, the 1 September introduction of the catering regulation is a milestone, because proper nutrition is the cornerstone of a healthy lifestyle – was said at the press...
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Markit: the pace of economic growth is slowing in the euro zone
Date: 2015-09-23 11:18:54
Despite the reduction of economic growth in September, the euro zone reached its best quarter of the last four years – the provisional September figures of the Purchasing Manager Index...
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The third of the GINOP funds will be available this year
Date: 2015-09-23 11:08:47
More than 900 billion HUF EU development funds will be available later this year for the micro, small and medium-sized enterprises, which is the third of the 2,700 billion HUF...
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Foreign VAT can be claimed back for another week
Date: 2015-09-23 11:07:04
The Hungarian companies still rarely claim back the VAT on invoices related to residence in other EU countries, rather they account gross costs – the international tax consulting and auditing...
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Fifteen thousand packs of cigarettes in the crashing smuggler car
Date: 2015-09-23 11:05:41
Fifteen thousand packs of cigarettes without Hungarian excise stamps were found in the car that crashed with another car on Tuesday in Nyírmeggyes. Nine people injured in the crash –...
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Bluetongue disease was detected in three additional counties
Date: 2015-09-23 11:00:14
The laboratory tests showed bluetongue disease in cattle herds in Baranya, Somogy and Tolna counties, therefore, the authorities amended the surveillance and protection zone. The previously imposed measures remain valid...
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Babati and Co. builds meat processing plant in Vietnam
Date: 2015-09-23 10:46:56
Körmend company Babati and Co. invests more than HUF 2.5 billion in building a meat processing plant and a 100-unit meat shop chain in Vietnam. Plan is that 120 pigs...
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Dangerous sesame seed
Date: 2015-09-23 10:10:05
India can’t guarantee the safety of sesame seed it exports to the European Union – opines the European Commission. The commission would like to know the place of origin, the...
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Coffee sales: which path to take?
Date: 2015-09-23 07:01:24
After the nadir of 2013 coffee sales increased by 5 percent in value in 2014 – in a period when prices were relatively stable. This was very good news in...
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Import pressure complicates the lives of domestic milk producers
Date: 2015-09-22 11:55:15
The imports of Slovak and Czech ultra heat treated milks (UHT) that mainly arrive to Hungary with VAT frauds failed to be stopped – the President of the Dairy Product...
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The MNB lowered its growth and inflation forecasts for this year
Date: 2015-09-22 11:40:54
The Magyar Nemzeti Bank (Hungarian National Bank) slightly reduced its forecast for GDP growth this year. The Magyar Nemzeti Bank (Hungarian National Bank) expects a 3.2 percent GDP growth in...
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Food waste to be tracked
Date: 2015-09-22 11:31:04
The Agricultural Economics Research Institute (AKI) set up a working group in order to reduce the annual loss of around 200 billion HUF that comes from food waste – Kürthy...
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38 billion HUF will be given to the young farmers as start-up support
Date: 2015-09-22 11:30:37
More than three thousand young farmers won a total of 38 billion HUF support to the development of their start-up farms within the Young Farmer Program announced for the fifth...
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It's easier than you might think: smoke fish at home!
Date: 2015-09-22 11:20:21
Have You thought that the smoked fish is a privilege of restaurants, and only trained chefs are able to prepare them? You are wrong! Anyone can prepare smoke fish at...
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The government calls for joint EU action against tax evasion
Date: 2015-09-22 11:15:36
The EU countries should act against tax evasion in a coordinated way, by learning from each other- the National Economy Ministry (NGM) emphasized on Tuesday. Rákossy Balázs, Minister of State...
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Smuggled cigarettes were found in Magosliget
Date: 2015-09-22 11:00:03
More than 24 million HUF worth smuggled cigarettes were found in Magosliget by the police – the press officer of the Szabolcs-Szatmár-Bereg County Police told MTI on Tuesday. Fehérvári Marietta...
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Hungarian brands’ successful marketing at Budapest Airport
Date: 2015-09-22 10:09:53
Pick Szeged Zrt. has implemented its most successful campaign ever in the SkyCourt of Budapest Airport. In the one-month period hostesses, dressed in traditional Hungarian garments, were offering Hungarian winter...
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Shrinking proportion of PL products in the USA
Date: 2015-09-22 09:27:04
An annual Deloitte survey revealed that in 2015 65 percent of US consumers are willing to give private label products a try – this ratio is 8 percent smaller than...
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COPA elected Hungarian vice president
Date: 2015-09-22 09:22:02
NAK expert Dr Sándor Kukovics was elected vice president of COPA’ sheep and goat working group. Mr Kukovics will fill the position for two years. British member Charles Sercombe was...
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Messe Düsseldorf: a good year
Date: 2015-09-22 09:18:05
Messe Düsseldorf’s sales revenue was a better than expected EUR 411.5 million in 2014; consolidated result after taxes amounted to EUR 57.7 million. The biggest proportion of this was generated...
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GKI: Improving business, deteriorating consumer expectations
Date: 2015-09-21 12:58:48
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Not only the weather does affect the beer sales
Date: 2015-09-21 11:50:31
Hungary’s leading brewery, the Dreher Breweries closed this summer with a double-digit sales growth, compared to last year. The company could achive this growth in addition to the promotion of...
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The Dry Tokaji Furmint has an own-branded glass
Date: 2015-09-21 11:20:09
The Dry Tokaji Furmint was given an own-branded glass that enhances the flavors of the wine – the Kossuth Rádió reported on Monday. The unique wine chalice was designed by...
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Europe-wide competition for talented labor force
Date: 2015-09-21 11:04:49
The emigration of the talented labor force causes serious tensions in the domestic labor market and the Hungarian companies have to battle with their European competitors to retain workers. The...
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