Market News
Industrial production grew by 7.6 percent last year, the food industry has lost momentum
The industrial production increased by 7.6 percent in 2014, compared to the previous year, while in December last year was 7.1 percent higher than in the previous year – teh...
Read moreHungary can transport live cattle to Belarus
Hungary can transport live cattle to Belarus again, as the Belarusian Veterinary and Food Safety Authority terminated the previously general entry ban imposed, because of the bluetongue disease – the...
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Free meals for children participating in the compulsory pre-school education from the autumn
The government has decided to provide free meal for the children, who must go to kindergarten from age three – Lázár János announced on Friday in Hódmezövásárhely. Lázár János, Minister...
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222 billion HUF to the firms employing “vulnerable groups”
As in the past two years, the state has left 222 billion HUF in form of benefits at those employeers that undertook to give work to young people, mothers with...
Read moreCzech retail sales expanded 5.4 percent last year
Retail sales rose 5.4 percent in the Czech Republic last year – the Czech Statistical Office (CSU) announced on Wednesday in Prague. A year before, in 2013, the annual increase...
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The NAV seized several tonnes of vegetables with unknown origin in Szabolcs county
The National Tax and Customs Administration (NAV) seized the products in the scope action with the National Food Chain Safety Office (NÉBIH). Gera-Badics Rita communication officer of the Northern Plains...
Read moreTangible growth in people’s willingness to take out loans
he Deloitte-Scale Bank Index surveys consumer willingness to buy, save and take out loans. We learned from the latest edition of the quarterly index that consumers still tend to say...
Read more6.1 percent more cereal crops harvested
6.1 percent more cereal crops, 7.2 million tons were harvested in Hungary in 2014 – on a 3.1 percent bigger area. 5.2 million tons of wheat was harvested, this is...
Read moreGlass in favourable position
Glass is still a key packaging material in the manufacturing of canned products and alcoholic drinks, especially wines. The sector heavily relies on import. O-I Manufacturing Magyarország Üvegipari Kft. is...
Read moreThe European Commission expects slower economic growth in Hungary and lower deficits
According to the “winter economic forecast” of the European Commission (EC) in 2015 and in 2016, the European Commission expects slower economic growth in Hungary. The European Commission also lowered...
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The flat advertising tax would put more burden on the medium-sized media companies
A five percent tax on advertising would quarter RTL’s burden and would halve TV2’s burden, while the budget revenues will slightly decrease – Világgazdaság Online calculated. However, the smaller publishers...
Read moreThat is how the tobacco industry pays the health care tax
The Health Care Act on the health care tax of the tobacco companies is in force from 1 February 2015. Those who are affected should make the tax return until...
Read moreAegon Asset Management: the inflation will remain low in long-terms
The low inflation remains persistent in Europe and in Hungary, in fact, it is a global phenomenon virtually – was said on Wednesday at the Aegon Fund Management’s press conference...
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The online cash registers can be used again
The Ministry of National Economy proposes reasonable technical changes with respect to making the service sector online – was said at the professional conference of distributors, service providers and cash...
Read moreWe can not avoid stress at work, but we can turn it into our favor
The Profession.hu’s Stress at Work survey showed that the vast majority of us used to be confronted with a stressful situation at work, but to more than half (58%) of...
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Even the NÉBIH was shocked
Due to serious hygiene irregularities, the operations of an animal by-products processing plant in Baranya County was suspended with immediate effect – the National Food Chain Safety Office (NÉBIH) told...
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Magazine: The aspects of health and wellness prevail in our diet
In Hungary, the majority of people consider themselves as overweight in some degree. Four in ten are on a slimming diet as well. Most of them are carrying out a...
Read moreThe spritzer is at risk
The excise duties on products containing grape wine and carbonated unflavoured waters decreased to zero in January, thus the way is opening for the manufacture and sale of bottled spritzers....
Read moreKSH: the fuels and manufactured goods pulled the retail trade in December
The retail sales continued to recover in December last year. The turnover was 5.6 percent higher than the calendar adjusted data of a year after the previous month's 5.1 percent...
Read moreAnalysts: the growth can be persistent in retail
According to analysts interviewed by MTI on Wednesday, the growth can be persistent in retail trade. Török Bálint, analyst of the Buda-Cash Brókerház Zrt. (Buda-Cash Brokerage House Ltd.) told MTI...
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The Hungarian Advertising Association urges a dialogue in the case of advertising tax
The Hungarian Advertising Association (MRSZ) calls the government for dialogue because of the changes in the tax on advertising. Lázár János, Minister leading the Prime Minister’s Office told MTI on...
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Thr retail sales increased in the EU in December
Last December, retail sales rose by 0.3 percent in the European Union (EU) and in the euro zone, compared to the previous month – the EU's statistical office, the Eurostat...
Read moreUnique export successes in South Korea
The Hungarian companies achived unique export successes in South Korea – Magyar Levente Minister of State of the Foreign Trade and Foreign Affairs (KKM) announced on Wednesday in Budapest. Magyar...
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The Nánási merchandise received an EU award
The campaign facilitating to create the Nánási merchandise, first local trademark received the second prize of the EU's Common Agricultural Policy (CAP) communication award in Brussels. Szolláth Tibor (Fidesz) Mayor...
Read moreThe Hungarian beef will be exported to Hong Kong soon
The Hungarian beef can be exported to Hong Kong soon, after the local food safety authority has accepted teh necessary animal health guarantees – the Ministry of Agriculture (FM) told...
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Magazine: Matchmaking at the highest level… because not only business success matters!
Managers often struggle with finding their partner in life: they are busy and don’t have time for themselves. Irina Beke is the owner of dating agency First Class and she...
Read moreBridgehead in North Africa
The European Union has been working on closer cooperation with the countries in the Mediterranean, especially in North Africa for quite a while. So far diplomatic and economic opening worked...
Read moreHungary’s GDP growth may go above three percent
Ernst & Young’s quarterly Eurozone Forecast reveals that this year Hungary’s economy may grow by 3.3 percent – this would be the best performance since 2006. Ernst & Young CEO...
Read moreMVH answers SMS messages too
From HUF 400 million the Agricultural and Rural Development Agency (MVH) improved its customer service system within the framework of the New Széchenyi Plan. The new system means that MVH...
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Tradition is a trend
In Hungary the average basket value in a bakery is between HUF 250 and 380. One bakery generally needs to serve 1,000-1,300 customers to sustain itself. Obviously bigger bakeries located...
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