Market News
Commercial fishing to be ceased in natural waters
Commercial large-scale fishing to be ceased in natural waters. From 2016 commercial fishing licenses cannot be extended – the Parliament decided on Tuesday. The law expands the definition of fishing...
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The agricultural support decree for small producers has been published
The decree of the Minister of Agriculture on the agricultural support for small farmers was published – the Ministry of Agriculture (FM) told. Those farmers are eligible for support, who...
Read moreBeer production increased last year in the Czech Republic, due to the growing export
The Czech breweries brewed 19.65 million hectoliters of beer last year, 2.3 percent more than in 2013 – the Association of the Czech Brewers announced on Tuesday in Prague. While...
Read moreA pair of spotlessly mangoes were sold for 300,000 yen in Japan
A deep pocketed Japanese department store shelled out an eye-watering 300,000 yen (2,500 USD) Monday for a pair of mangoes, a record price for the second year in a row....
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Sales of household chemicals and cosmetics rose
Last year sales of household chemicals and cosmetics rose 13 percent in value and 8 percent in volume in stores with a floor space between 201 and 400m². There were...
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An optimised product assortment can increase sales
Product selection is a key element of every retailer and manufacturer’s strategy: it influences many important decisions from price to promotions, from innovation to consumers’ store choice. To illustrate this,...
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Salary replaced job security as the top priority
For Hungarian employees salary was the most important job choice factor already in 2014 – reports Randstad, but if current international trends prevail this can become even more dominant in...
Read moreMore than ever possibilities to prohibit the cultivation of products containing GMO
The Member States of the European Union will be given more than ever unprecedented legal opportunities to prohibit the cultivation of plants containing genetically modified organisms (GMO) in their own...
Read moreApiary is one of the most successful sectors of the Hungarian agriculture
Hungary is well-known and recognized worldwide, due to its outstanding honeys, thanks to the work of twenty thousand Hungarian beekeepers. Apiary is one of the most successful sectors of the...
Read moreThe EU Parliament's Health Committee would indicate the nutritional value on alcoholic beverages
The European Parliament took a first step last month when it called on the European Commission to draw up legislation requiring such labelling by 2016. Adopted by 63 of the...
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The expectations of the domestic SME are almost the same
The business confidence literally stagnated in the first quarter of the year. The K&H SME confidence index that is indicating the domestic SMEs' expectations for one year is currently -14...
Read morePwC Global Economy Watch: employment increasing worldwide
The economic recovery prospects are still uncertain about seven years after the outbreak of the global financial crisis. However, it can be a reason for optimism, that one of the...
Read moreMagazine: Sundays without shopping
As of 15 March most stores have to remain closed in Hungary. This measure will inevitably lead to changes in both the market and shopping habits. According to György Vámos,...
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GS1 standard elements and the EKÁER system
Several elements in the GS1 system of retail standards have already proved their cost- and process-efficiency in practice. This is the reason why GS1 Hungary and the Electronic Freight Goods...
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Changes in the excise regulations of alcohol products
As of 1 January 2015 the excise duty on alcohol products is a standard HUF 333,385 as calculated for the tax base. The basis of the tax remains to be...
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The ekáer detected several irregularities
A number of irregularities have been revealed by the Road Freight Control System (ekáer) – the National Tax and Customs Administration (NAV) told MTI. According to the communication, the system...
Read moreHungary is prepared for the new EU regulation on grape planting
Hungary is prepared for the new EU regulation on grape planting that would make it possible to increase the grape growing areas in the Member States – the Ministry of...
Read moreAn increase in legal pálinka sales
The monthly legal pálinka sales have increased spectacularly, at some commercial distilleries by more than 80 percent since the beginning of the year, after a 50 percent excise tax was...
Read more380 billion HUF for agricultural water management and irrigation development
About 380 billion HUF will be spent on the development of agricultural water management and irrigation until 2020, by the end of the current EU budget period – the Prime...
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The world's rice production is increasing
This year, the global rice production will rise slightly, but the international rice trade will decline, due to the existing high stocks. According to the latest report of the UN...
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The Multipont Program is among the best loyalty programs in the region in two categories
The Multipont Program will be among the finalists in two categories at the Loyalty Awards 2015 that is assessing the best loyalty programs of the EMEA region (Europe, Middle East...
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The NÉBIH found not approved ingredient in peppers
The laboratory of the National Food Chain Safety Office (NÉBIH) detected not approved ingredient in the peppers criticized by Greenpeace. On the basis of the findings of the investigation, the...
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NAV’s Institute of Experts did not perceive change in trends last year
The Institute of Experts of the National Tax and Customs Administration (NAV) tested about 12 thousand items last year. The tests have become more detailed. The investigation of tobacco and...
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Organic market opens in Gyula
The fair hall in Gyula houses an organic market with crafts fair this Sunday. Pikó Tamás, the founder of the market told MTI that a total of almost thirty vendors...
Read moreFifteen thousand boxes of cigarettes were found in an RV near Hatvan
Almost fifteen thousand boxes of cigarettes with Serbian tax stamps were found in a camper van near Hatvan on Road 32. Kovács Dorina spokesperson of the National Tax and Customs...
Read moreThe OKSZ supports the possibility of earlier opening hours in stores
Vámos György the Secretary-General of the National Trade Association (OKSZ) considers the idea of the earlier opening hours favorable. According to an amendment, the stores could be open from 4:30...
Read moreKopint- Tárki: GDP may increase by 3.2 percent this year and by 2.2 percent in 2016
The gross domestic product (GDP) can increase by 3.2 percent this year and by 2.2 for the next year – according to the forecast of the Kopint-Tárki Economic Research Institute,...
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The government proposes a maximum advertising tax rate of 5.3 percent
The Government proposed to the National Assembly that the maximum rate of tax on advertising to be 5.3 percent – Lázár János, Minister leading the Prime Minister's office announced on...
Read moreAccording to a research the third of the Hungarian companies do not plan ahead
The results of the representative research, made with the involvement of almost five hundred companies were described by Veres Rita, managing director of Aon Hewitt. Thirty-two percent of Hungarian companies...
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