Market News
The Formatex Kft. expects a more than one billion HUF Christmas turnover
Date: 2014-11-25 11:05:27
This year, the Formatex Kft. plans to reach a net sales of 1.06 billion HUF during this year’s Christmas season. Compared to 2013 it is an increase of 13 percent....
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Pécs completes the building of industrial park
Date: 2014-11-25 09:58:03
Pécs completed the building of the 85-hectare Southern Industrial Park. The new industrial park is the result of a HUF 1.5-billion investment, from which HUF 460 million was financed by...
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New packaging plant in Tóalmás
Date: 2014-11-25 09:56:04
Húscsarnok Kft. invested HUF 300 million in building its new packaging plant in Tóalmás. The plant employs 60 people who make 25 tons of meat products a year. Last year...
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Mészáros Wine House opens hotel
Date: 2014-11-25 09:50:59
Mészáros Wine House offers complex wine-themed services. The 3-star hotel was built from HUF 694 million and can receive 44 guests. There is a 70-seat restaurant and a 150-seat conference...
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The GKI-Erste sentiment index declined slightly in November
Date: 2014-11-24 11:50:55
The seasonally adjusted value of the GKI-Erste sentiment index decreased slightly in November, compared to the very high value of October. According to a survey of GKI (www.gki.hu) carried out...
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Capital is continuously flowing into the European retail properties
Date: 2014-11-24 11:30:29
Thirty-three billion euros arrived to the European retail property market in the first nine months of 2014, which is the highest level since 2007. Hungary's share is 168 million euros...
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Ukrainian vodka and illegal homemade pálinka may be the hits in 2015
Date: 2014-11-24 11:15:40
Some market participants fear that the Ukrainian vodka or illegally manufactured home pálinka may be the next hit after the Parliament adopted the new rules, in connection with home pálinka...
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A new legislation for the operation of the vending machines
Date: 2014-11-24 11:14:35
The legislation to ensure transparency in the market is being prepared by involving the Vending Machine Association – the National Economy Ministry told MTI on Saturday. The legislation aims to...
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European Waste Reduction Week: 10 percent of the food ends up in the trash
Date: 2014-11-24 11:10:31
In the Hungarian households,10 percent of the purchased food ends in the trash. With conscious purchasing and consumption a family could save an average of 50 thousand HUF per year...
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The German IFO business sentiment index improved unexpectedly
Date: 2014-11-24 11:05:10
Instead of the expected decline the German ifo Economic Research Institute’s German economic sentiment index increased in November. The ifo business climate index rose to 104.7 points in November, from...
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Manufacturer brands are strong and stable
Date: 2014-11-24 10:14:27
In the last two January-August periods anti-aging cream (face and eye) sales were around HUF 3.5 billion. Value sales expanded by 4 percent and volume sales grew 1 percent. Drugstores...
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Magazine: The year of Hungaricums
Date: 2014-11-21 12:35:03
In 2013 the Hungaricum Committee (HB) was formed and in 2014 it already signed 135 contracts with Hungaricum manufacturers. The manufacturers of these products are supported from a HUF 145-million...
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KSH: the rise in earnings accelerated in September
Date: 2014-11-21 11:45:04
The increase of the average monthly gross and net earnings accelerated to 2.4 percent in September, compared to the previous year, and from the 2.2 percent of August. Without the...
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The Honey breakfast program has started
Date: 2014-11-21 11:30:54
The Honey breakfast program has started on Friday, which aims to promote honey consumption and healthy eating among elementary school students. The program was launched by Minister of Agriculture and...
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Nébih: 22-24 billion HUF inspection fee may flow into the budget in 2015
Date: 2014-11-21 11:21:28
The National Food Chain Safety Office (Nébih) is expecting 22-24 billion HUF inspection fee in 2015 among unchanged market conditions and payment discipline. About half of the amont will remain...
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The NAV has to pay the late charges of the VAT refund to a firm in Zala county
Date: 2014-11-21 11:06:57
The NAV has to pay a close to 10 million HUF late charges of the VAT refund to an Ltd, in Zala county. The spokesman of the Zalaegerszeg Tribunal told...
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The e-cigarettes are freely tradable in Germany
Date: 2014-11-21 11:02:45
A German federal court has ruled that the liquids contained in e-cigarettes aren't medicinal products and can be traded freely. E-cigarettes are battery-powered devices that produce an odorless vapor which...
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Darkness at noon
Date: 2014-11-21 10:56:15
There were nearly 500 participants at this year’s Business Days conference. Everybody was happy with the 4-day conference because we had more time for networking. Listening to sponsored presentations from...
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Cofidis: we plan to spend an average of 33 thousand HUF for Christmas gifts
Date: 2014-11-20 12:00:15
The Black Friday will be held this year on 21November. This is traditionally the start of the Christmas shopping season. The Hungarians plan to spend an average of 33 thousand...
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Tobacconists expect a positive turn from the amendment of tobacco trade law
Date: 2014-11-20 11:35:57
The Association of the Hungarian Tobacco Retailers (MDKE) evaluate the proposed amendment as a favorable turn. The law regulating the tobacco trade law optimizes the operating conditions, at the same...
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The Tokaj Trading House is filling its cellars with Premium Aszú
Date: 2014-11-20 11:28:40
The Tokaj Trading House closed this year's harvest season with the purchse of 260 tonnes of aszú grapes surpassing the preliminary expectations. Thanks to the successful harvest, the wine company...
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This year’s Food avalanche brought a record crop
Date: 2014-11-20 11:24:35
The Food avalanche programme of the Hungarian Food Bank Association and Syngenta helped more than 13 thousand needy people. On the fields of the 37 participating local governments and non-governmental...
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The tobacco industry representatives oppose the nationalization of tobacco wholesale
Date: 2014-11-20 11:21:38
The tobacco industry representatives considered the latest government bill it unacceptable which would nationalized the wholesale trade of tobacco products without prior professional consultation – the Hungarian Association of Tobacco...
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New York has the world's most expensive shopping street
Date: 2014-11-20 11:12:06
The upper section of New York's Fifth Avenue overtook Hong Kong’s Causeway Bay area, and become the world's most expensive shopping area on the basis of rents – Cushman &...
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Obesity imposes almost as much costs to the world as smoking
Date: 2014-11-20 11:10:09
Obesity imposes almost as much costs to the world as smoking and armed conflict. It has higher costs than either alcoholism or climate change – a US research revealed, which...
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Government subsidises interest rates to help producers’ organisations
Date: 2014-11-20 10:47:00
The government decided to grant interest rate subsidies to Producers’ Sales Organisations (TÉSZ) via the New Hungary TÉSZ Current Asset Loan Programme. MFB Bank implements the programme, in which TÉSZ...
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The Hungarian Advertising still calls for the elimination of the tax on advertising
Date: 2014-11-19 12:10:25
The Hungarian Advertising Association (MRSZ) and the associates of the communications industry ask for the elimination of the tax on advertising again and draw attention to the expected adverse effects...
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The Christmas shopping fever has started
Date: 2014-11-19 11:22:59
While in October only one in ten Hungarians hits the stores for Christmas presents, in November, the third of the population starts to looking for Christmas presents. In Budapset every...
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The tobacco industry’s operators and the tax authorities launched a campaign against the black market
Date: 2014-11-19 11:21:03
The National Tax and Customs Administration (NAV) as well as the domestic tobacco industry players have launched a nationwide campaign against the black market sales of tobacco – was announced...
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The Hungarian National Trading House has signed a strategic agreement
Date: 2014-11-19 11:20:56
The Hungarian National Trading House has signed a strategic cooperation agreement with the Customs, Excise and Service Tax Association on Tuesday. The purpose of the agreement is to jointly explore...
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