Market News
Varga: the Hungarian economy remains on the current growth trajectory
The Hungarian economy will stay at the current growth trajectory in the next 1.5 – 2 years; According to the latest calculations the Hungarian GDP may grow by 2.8 to...
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NGM: the use of online cash registers would be mandatory for money changers
The Ministry of National Economy (NGM) would require that the use of online cash registers would be mandatory for money changers mandatory use of online cash for the money-changers –...
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The rules for product presentations would be tightened further
The Ministry of National Development (NGM) would further tighten the rules on product presentations. Therefore the ministry initated consultation with the partner authorities and civil organizations – was said at...
Read moreContraband cigarettes were seized in an Italian van
The finance guards of the National Tax and Customs Administration (NAV) seized Contraband cigarettes in a value of five million HUF in an Italian van in Zala county – the...
Read moreIntegrated oenology and viticulture sector
Actors in the oenology and viticulture sector need to cooperate in an integrated network, using their knowledge base collectively – Zsolt Feldman, deputy state secretary of the Ministry of Agriculture...
Read moreHungary is a net pig exporter
According to the Agricultural Economics Research Institute’s (AKI) latest report, in the European Union the price of ‘E’-category pig was EUR 1.35/kg in December 2014 – 21 percent less than...
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GMO-free Hungary
Hungary is getting ready to produce GMO-free milk, meat and egg products and the first steps have already been taken in the case of milk – reported the Ministry of...
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Successful safety mark
The National Council of Wine Communities (HNT) made it compulsory for members to put a safety mark on wines that lack geographical indication. This proved to be an excellent idea:...
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Magazine: Two-digit growth in value and volume sales alike
In the two-month Easter period of 2014 ham and smoked meat were sold in the value of HUF 7 billion. This constitutes a 15-percent increase from the category’s performance in...
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The sales of Easter sweets may grow by 3-5 percent this year
The candy manufacturers are optimistic before the Easter season. According to the Association of the Hungarian Confectionery Manufacturers, the sales of Easter sweets can grow by 3-5 percent this year....
Read moreStores should be closed at World Heritage areas on Sundays
The government expands the Sunday store closure to shops situated in World Heritage areas in a bill submitted to the National Assembly on Tuesday. The parliament voted for the introduction...
Read moreSignificant improvements are expected in the wake of the food strategy
Significant improvements can be implemented in the Hungarian food industry by 2020, due to the food industry development strategy. According to the plans, the available funding will be about 300...
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The termination of the quota system will be good for the Hungarian dairy sector
The EU milk quota system will be ceased from 1 April. It is not a thread to the Hungarian dairy sector, but rather an opportunity – agrarszektor.hu wrote. The position...
Read moreGKI: sentiment index remained unchanged in March
The seasonally adjusted value of the GKI-Erste economic index remained unchanged in March 2015. The index still represents a relatively optimistic mood; the business expectations have improved slightly, while the...
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Analysts expect further rate cuts
Market analysts expect further rate cuts after the Monetary Board’s Tuesday decision; lowering the base rate by 15 basis points to 1.95 percent, which is a new new historical low....
Read moreA daily bowl of whole grain can save lives
People who consumed around 34 grams of whole grains per 1000kcal per day lowered their risk of premature death by 17 percent A study by Harvard Public School of Health...
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Closely watched freight goods
In accordance with a ministerial decree, the first storage place of imported food products must be reported to the authorities – and this can very well be connected with the...
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What do brands think?
‘Hunguest Hotels is one of Hungary’s biggest hotel chains, the majority of which is in Hungarian ownership. We represent the values promoted by the MagyarBrands programme and are really proud...
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The MagyarBrands programme is 5 years old
The MagyarBrands awards were presented for the fifth time in 2014. In 2010 experts in the Superbrands Hungary Council decided to launch the MagyarBrands Programme to honour the best Hungarian...
Read moreThe NAK does not support the public health product tax extension
The National Association of Agricultural Economics (NAK) does not support the extension of the public health product tax (NETA) – the NAK told MTI on Monday. According to the National...
Read moreThe document about the Sunday shop closure is available
The Ministry of National Economy (NGM) has published the public opinion poll carried out in 2011 about Sunday shop closure. The document was uploaded to kormany.hu. The Ministry of National...
Read moreGKI forecasts slower growth
In 2014, the performance of the Hungarian economy was much better than anticipated by anyone. Nevertheless, in a forward looking perspective, it did not reach a trajectory that ensures sound...
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eNet: TV watching habits are changing
The online contents and smart devices can put an end to the golden ages of traditional TV watching – according to the joint survey of eNet Internetkutató és Tanácsadó Kft....
Read moreKSH: the number of registered companies increased last year
According to the Central Statistics Office (KSH), at the end of last year 1 million 703 thousand registered businesses were in Hungary, which is 15 thousand more than a year...
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Moscow considers it suspicious that the Serbian apple exports increased significantly
Moscow considers suspicious that the Serbian apple exports increased significantly. The Serbian authorities have promised to investigate the reexport suspicious transactions – the Serbian newspaper Novosti Večerník reported on Monday....
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EU authorities found two and a half thousand dangerous products last year
The European Commission published new figures today, showing that in 2014, nearly 2500 products, ranging from toys to motor vehicles, were either stopped before they entered the EU or removed...
Read moreThe customers turn toward webshops due to the Sunday store closure
Those who wish to buy toys and games for Easter are turning to webshops due to the Sunday store closure – according to the survey of Formatex Kft. toy impoter...
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Healthy foods that are often considered as unhealthy
The hazipatika.com listed some products that are often considered to be unhealthy, but they are not. For example coffee in small amounts is good for the nervous system, specifically enhances...
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An illegal perfume shipment was found in Nagylak
Finance guards found an illegal perfume shipment worth four million HUF in an Italian car in Nagylak – the National Tax and Customs Administration (NAV) informed MTI on Monday. Némedi...
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