Market News
EU slap to the Hungarian VAT Act
Date: 2013-12-20 11:58:10
The European Court of Justice told on Thursday in its judgment, that the Hungarian VAT act, regulating the conditions of the tax exemption of the export sales is contrary to...
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Most Hungarian brands are successful by chance
Date: 2013-12-20 11:26:09
Hungarian brand owners are often proud of their positions in various rankings, but in many cases the excellent performance isn’t the result of conscious brand building. Few Hungarian firms start...
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GKI-Erste economic sentiment index at its decade peak
Date: 2013-12-20 10:05:17
In December the GKI-Erste economic sentiment index adjusted for seasonal effects continued its spectacular rise, after doing similarly almost constantly throughout the year. According to the empirical survey conducted by...
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The business confidence of the Hungarian entrepreneurs has increased towards the international and domestic economy
Date: 2013-12-19 12:22:35
Hungarian CEOs are more optimistic than the international and regional average. Domestic companies are evaluating the international and Hungarian economic situation more and more positively. They place a great emphasis...
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VM: frozen sea fish to be to be controlled nationwide
Date: 2013-12-19 12:02:09
Fazekas Sándor Minister for Rural Development ordered the controls of frozen sea fish across the country – the Ministry of Rural Development (VM) told MTI. The inspectors will check the...
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The tobacco retail concession tender has been published
Date: 2013-12-19 12:01:09
The public concession tender has been published over the tobacco selling entitlement in 992 settlements – the ND Nonprofit Zrt. announced. The deadline for the submission of the applications is...
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The Dairy Product Board has not changed its basic price projections
Date: 2013-12-19 11:59:06
The presidency of the Dairy Product Board has not changed its basic price projections. The projection for the annual average price for the basic price is still 99 forints per...
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Shops will close in early 2014 only as a last resort
Date: 2013-12-18 12:20:00
It is not expected, that shops will be closed at the beginning of the year, due to lack of online cash registers. Vágújhelyi Ferenc, IT vice president of NAV told...
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The energy-conscious companies’ savings can be spent on invest
Date: 2013-12-18 12:03:09
For the third of the Hungarian economy participants energy awareness is not an integral part of the in the corporate culture – the survey of MVM Partner Zrt. shows. According...
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We know it is counterfeited but we buy it
Date: 2013-12-18 12:01:27
The latest survey of brands.hu reveals that in the wardobes of men the ratio of branded products is higher than in the wardrobes of women. The latest survey of brands.hu...
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Research on the most popular domestic games
Date: 2013-12-18 12:00:11
The Formatex has carried out its Family Playing Great research, which presents the most popular playing habits and most popular game types of the domestic families. The survey aims to...
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The growth rate of luxury spendings declined in China
Date: 2013-12-18 11:00:31
The growth rate of luxury spendings declined to such depths, have not seen for more than a decade in China, because the wealthy Chinese are increasingly buying luxury goods abroad...
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Hungary performing better than EU average in many areas
Date: 2013-12-18 10:40:44
Central Europe has been successfully renewed and has a competitive economy, making it is a good destination for foreign investors, Prime Minister Viktor Orbán said in a lecture held at...
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GfK: Hungarians consume more meat during the end of the year
Date: 2013-12-17 13:10:27
According to the datas of GfK Hungária’s Household Panel, the Hungarian households consume 10 percent of the annual total sales of the fast moving consumer goods, such as fresh meat...
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So far, 5,706 cash registers have been connected to NAV
Date: 2013-12-17 13:00:16
So far, 5,706 cash registers have been connected to NAV from the expected 205 thousand – the NAV told Origo. The deadline for larger shops, petrol stations, pharmacies is approaching,...
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Varga Árpád: there is no solution to eliminate the VAT frauds
Date: 2013-12-17 12:00:11
“It is not realistic that a change occurs in the VAT system not only in Hungary, but nor anywhere in EU as well. It should be noted that the VAT...
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K&H Bank: Christmas shopping with one touch
Date: 2013-12-17 11:58:32
According to the statistics of the K&H Bank, the amount of credit card purchases and cash withdrawals grow by about 10 percent in December, compared to the previous month, the...
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ZEW’s sentiment indicator for the Eurozone improved significantly in December
Date: 2013-12-17 11:56:07
ZEW’s sentiment index, reflecting economic outlooks improved significantly in December, high above the market expectations – the Mannheim-based ZEW (Zentrum für Europäische Wirtschaftsforschung) Economic Research Institute announced on Tuesday. In...
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Hand hygiene during the holiday season
Date: 2013-12-17 11:30:20
The holidays are approaching and everyone is in aChristmas fever. The streets are full as well as the Christmas markets and shops. However, not only people are swarming everywhere, but...
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Seven thousand people were given food packages in the scope of the Food Avalanche initative
Date: 2013-12-17 11:22:03
More than 15 tons of persistent food products were distributed in the past weeks in the scope of the Food Avalanche program of the Hungarian Food Bank Association and Syngenta....
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Huge support for mangalitsa pig breeders
Date: 2013-12-17 10:09:18
The Ministry of Rural Development announced that their support the boost in the breeding of domestic mangalitsa pigs with 110 million HUF. There is a great potential to preserve the...
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GKI: An economic recovery plan for Hungary, versio
Date: 2013-12-17 10:03:13
This study is a summary of a research started in the summer of 2012 at GKI. You can download the summary of the research from here....
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The Nébih found only a few errors when checking the chocolates
Date: 2013-12-16 12:35:16
The National Food Chain Safety Office (Nébih) found problems at 3.5 percentage of the chocolates. The most common problem was the incorrect designation or expired date – Pleva György, leader...
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Traders cannot wait more to order the PC-based cash registers
Date: 2013-12-16 12:30:18
Only ten working days left to order the PC-based cash registers to comply with the regulations and to adjust to the online cash registers. The Minister of National Economy has...
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NGM : No final decision on the reverse VAT on sugar
Date: 2013-12-16 12:20:06
Final decision has not been born yet on the on the reverse VAT on sugar trade. The European Commission has decided only in the question of urgency, and not over...
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The Együtt PM is asking for an extension on penalties
Date: 2013-12-16 12:11:06
The representatives of the Együtt PM asks for a penalty moratorium for those, who cannot make the online cash regisster transition until 31 March 2014. According to the representatives of...
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The HITA has closed a succesful year
Date: 2013-12-16 11:57:01
The HITA (National Foreign Trade Office), brought 133-fold of its annual budget to Hungary in investments. The HITA (National Foreign Trade Office) has an annual budget of 9 million euros....
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China catching up when it comes to telecommunication
Date: 2013-12-16 11:01:31
The value of the Chinese brands continues to grow rapidly. The rankings are still dominated by state-owned companies, while private companies show a quick pick up – the report on...
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The Hungarian Commercial Roundtable starts its operation
Date: 2013-12-16 10:51:21
National Association of Entrepreneurs and Employers (VOSz) president Sándor Demján stated that government and business leaders must consider formulation a ten-year strategy for the trade sector, with particular emphasis on...
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Consumer confidence index rises
Date: 2013-12-16 10:32:17
In the 3rd quarter of 2013 Nielsen measured 4 points higher consumer confidence index than in the 2nd quarter, the index reaching the biggest height since 2010 with 45 points...
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