Market News
Excessive administration against VAT frauds hampers growth
VAT frauds cost nearly 200 billion euros for the EU member states every year. In Hungary 25 percent of the VAT is swallowed by the traders. However the increase of...
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The National Consumer Protection Authority tested hair dyes
During the test of the National Consumer Protection Authority (NFH) none of the hair dyes contained harmful substances – according to the release of the NFH, which was sent to...
Read moreWe do not sleep enough and we do not rest while working
The Hungarian workers spend not enough time with relaxing. The manual workers sleep the least, an average of 6-7 hours. In contrast, young people sleep much more – the survey...
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The proportion of obese young men has grown significantly in the past five years
In the past five years, the proportion of obese young men increased from nine to twenty percent in Hungary – Martos Éva, the Deputy Director General of the Food and...
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Five billion forints for tobacco growers
In 2015 the government earmarked HUF 5 billion for supporting tobacco growers through the Ministry of Agriculture and the Ministry for National Economy. Thanks to the support nearly 20,000 people...
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Smooth skin is the winner
Smooth, hairless skin is what women consider to be aesthetic these days, what is more, a growing number of men also use various hair removal solutions. Szilvia Papp, the brand...
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EU-funded projects tour Hungary
This spring the most exciting EU-funded development projects tour the country and between 28 March and 26 April they visit 70 towns and villages to inform the public about their...
Read moreThe NGM would check the price of pork
The Ministry of National Economy (NGM) will chech whether the 22-percentage-point VAT rate cut will appear in the price of pork or not, and if necessary, will take action –...
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OKSZ: the advertising tax is a heavy burden for the traders
The advertising tax is a serious burden for the dealers, because a a significant proportion of it burdens the consumer goods trade directly or indirectly – the National Retail Federation...
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KSH: the foreign trade turnover increased in March
In March the value of exports in euros was 12.9 percent, while the value of imports increased by 9.8 percent, compared with the previous year, while in February the exports...
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The deadline for the food chain supervision fee is 31 May
The renewed form food chain supervision fee is already available on the website of the National Food Chain Safety Office (NÉBIH). The deadline is 31 May 2015. The agency's new...
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Two billion HUF support to the sheep breeders
The tranfer of 2 billion HUF support has begun to more than five thousand sheep breeders in the scope of a de minimis support – the Agricultural and Rural Development...
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Two-digit sales growth in both value and volume
Demand for grill sausage has grown considerably: value sales increased 30 percent and volume sales soared 31 percent in the March 2014-February 2015 period. The annual market nears HUF 2...
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The best thing since the invention of the internet’
These days more and more people talk about the cloud, but much fewer use it – despite the fact that the cloud offers corporate solutions at small-business prices. However, there...
Read moreThe stores are not allowed to open at the World Heritage areas on Sundays
The stores are not allowed to open at the World Heritage areas on Sundays – according to the amendment of the Act on the prohibition of Sunday working in the...
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Technological change is pulling the Hungarian tomato growing upwards
Although the growing area of the domestic greenhouse tomato was halved in the last ten years to 400 hectares, the crop yield has increased steadily: in the past year exceeded...
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Five energy drinks a day can be consumed safely
Authentic and uncompromising test results came to light in connection with energy drinks. The European Food Safety Authority conducted extensive studies with the participation of 66,531 people, on caffeine consumption...
Read moreThree tons of unmarked tomatoes were destroyed by the finance guards
The finance guards destroyed three tons of unmarked tomatoes: the product were found in a truck on the M1 motorway during a check – the Mid-Pannon Regional Criminal Investigation Directorate...
Read more1 billion forints for IT development
This year HUF 1 billion is available to enterprises for IT-themed research, development and innovation projects through the GOP 3.3.4 ‘Development of a Competitive ICT Sector’ programme. The main goal...
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E-shoppers want flexibility
A survey UPS commissioned from comScore Inc.revealed that online shoppers in Europe want more delivery and payment options. More than 60 percent of e-shoppers buy online using their desktop or...
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Phones are getting smarter
62 percent of Hungarian internet users above the age of 18 use a smartphone and 51 percent use it to go online. In the last 18 months the number of...
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Increasing trust in debit cards
Last year 85 percent of Hungarians using the internet for buying products or services paid with their debit card when purchasing in a ‘physical’ store and 48 percent of them...
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Magazine: How information technology can support sales rep work
An arsenal of devices is available to sales representatives to assist them in their work. These days their job is unimaginable without using IT devices. István Giesz, the managing director...
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FAO: food prices on five-year low
International prices for agricultural commodities continued to decline in April and abundant inventories are poised to offset any pressure from the slight reduction in global harvests expected this year. Worldwide...
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Poultry World Day
The Poultry Product Council (BTT) organizes the domestic series of events of the Poultry World Day for the second time. With the event, the Poultry Product Council (BTT) would like...
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The edible salts passed the test of Nébih
The edible salts have passed the test of the National Food Chain Safety Office (Nébih). Only minor labeling errors were found in half of the products – according to the...
Read moreThe Association of Meat Industrialists support the VAT rate cut
The Presidency of the Association of Meat Industrialists believes that the VAT reduction to 5 percent is an important step into the right direction. According to their opinion, this decision...
Read moreHealth contribution on tobacco becomes permanent, the bank tax to be reduced
The health contributions of the tobacco companies will remain for the next year. Its value is a total of 11.5 billion HUF – Lázár János, Minister, the leaderof the Prime...
Read moreEU sanctions against Russia cause damages to Hungary
The embargo imposed against Russia and Russia's response cause much damages to Hungary – the Minister of State of Ministry of Foreign Trade and Foreign Affairs said at a CIS...
Read moreRetail sales expanded significantly in the Czech Republic
In March 2015, retail sales increased significantly in the Czech Republic, by 5.9 percent on an annual basis. The increase in February was 6.3 percent. The growth rate of the...
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