Market News
The 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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Food should be traceable from the farm to the table
The Association for GMO-free Hungary seeks to make each element of the production transparent among its members – the president of the organization told M1 news channel on Sunday. Zászlós...
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Prime Minister’s Office: about 18 billion HUF for the purchase of gardening equipments
The Prime Minister's Office supports the purchase of energy efficient and environmentally friendly gardening equipments in a value of 18 billion HUF. The Prime Minister's Office supported 1800 requests on...
Read moreThe minister has determined the cost of replanting rights
From the national reserves vineyard replanting rights can be purchased for 50 – 150 thousand forints per hectare – the regulation of the Minister of Agriculture was published in the...
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High-quality melons to the Hungarian consumers: branding helps
Smaller than average, but very juicy Hungarian melon can be bought this year. Half of the crop comes from Békés. The total area of melon cultivation is 6 thousand hectares....
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NGM: the government considers the small and medium-sized enterprises as strategic partners
The government considers the small and medium-sized enterprises as strategic partners. As a sign, the SMEs have benefited several tax incentives since 2011. Pankucsi Zoltán, Deputy Minister of State for...
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Johnnie Walker's “Do not drink if you drive” campaign is 10 years old
Johnnie Walker celebrates the tenth anniversary of its “Do not drink if you drive” initiative this year in Hungary. Until now, 25 thousand people have joined to the campaign on...
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The German business sentiment index has improved
Contrary to the expectations, the German business sentiment index of the Munich-based ifo Institute for Economic Research improved in July – according to ifo’s report sent to MTI. In July,...
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E-commerce boom
According to GfK’s E-commerce Report, Hungarian online shops took and delivered 88 percent of orders – foreign web shops’ share was a mere 12 percent. eNET data shows that 2014...
Read moreDevelopment projects for the comfort of customers
The last major IT project from Auchan was developing the CRM system that runs the Loyalty Card programme. This work was completed by the end of 2014. IT director Lajos...
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Magazine: Austria stands in the storm of the new mass migration wave
In 2014 Hungary’s agri-food export to Austria represented a EUR 721.3 million value, growing a little from the 2013 level but dropping from the 2012 level, which was a record...
Read moreInvestments in agriculture to increased further
The increase in agricultural investments continued in 2014, the rate of growth is more than the national economy average – Nagy István, Parliamentary Minister of State said at the 21st...
Read moreGMO-free trademark for alternative trade supply
The GMO-free Hungary Association seeks to the introduction of GMO-free trademarked products. The association hopes that by the end of the year, early next year, these GMO-free trademarks may appear...
Read moreHungary’s bread is provided
Hungary’s bread is provided. The harvest of winter wheat ended on one million hectares. 5 million tonnes has been harvested thanks to the hard work – the Minister of Agriculture...
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Euro Zone’s PMI decreased in July
Business activity in the 19-member euro zone eased in July, suggesting the recovery lost momentum at the start of the second half of the year, a survey released on Friday...
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Mobile payment on Android too
Google has announced the launch of its own mobile payment system. Android Pay can be used when buying online or in a physical store. Visa, MasterCard, American Express or Discover...
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Giving consumers real experiences
Róbert Pintér, a trend researcher with eNet told at a business forum organised by Samsung that the relationship between brands and consumers keeps evolving. In his view the most important...
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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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