Market News

Consumer Protection Authority: not all checked lactose-free products are lactose-free

Most of the products sold as lactose-free products, tested by the National Consumer Protection Authority (NFH) met the requirements, but in two cases almost double the amount of lactose was...

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The government launches a food industrial working capital loan program

The MFB Hungarian Development Bank announces a food industrial working capital loan program. The food industrial working capital loan program of the MFB Hungarian Development Bank has a budget of...

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The harvest in the Tokaj-Hegyalja wine region soon to be finished

The harvest soon to be finished in the Tokaj-Hegyalja historic wine region. This year, the quality of the grapes and the Aszú is outstamding. The region's largest grape purchaser and...

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Medium-sized companies are looking for partners in Singapore, too

The Hungarian embassy has been playing an important role in fostering and maintaining bilateral relationship between Hungary and Singapore. It has created many business opportunities for companies in both countries...

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Seven out of ten customers “reward” the loyalty programs

In Hungary, only 46 percent of the consumers are buying in stores that offer loyalty programs to their loyal customers. But there's a demand: seven out of ten Hungarians prefer...

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Inflation is below one percent

In October, the annual inflation rate was 0.9 percent, the consumer prices fell by an average of 0.3 percent, compared with the previous month – the Central Statistics Office announced...

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GfK: Nearly one in three customers buys fresh fruit or vegetables

Nearly one in three customers buys fresh fruit or vegetables. When buying fresh products to buy products of Hungarian originis important for consumers – GfK’s recent survey, sent to MTI...

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VAT revenues have increased and three new regulation to come

Value Added Tax revenues increased by 13 percent between May and October 2013, compared to last year. According to Pankucsi Zoltán, Deputy Minister of State of the National Economy Ministry,...

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Mall Construction fever in Turkey and in Russia

In the first part of 2013, more mall spaces were handed over in Russia than in any other European country. The second in this race became Turkey. Half of the...

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The NAK creates a unified farmer support network

According to the cooperation agreement with the government, the National Agricultural Association concentrates information, consultancy and other activities designed to improve the preparedness of farmers into one unified system –...

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You can smoke e-cigarettes anywhere in Italy

The earlier restrictions on electronic cigarettes were terminated in Italy. You can smoke e-cigarettes anywhere in Italy, even in places where tradtional cigarettes cannot be smoked. With the exception of...

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Ericsson: number of Smartphone subscribers to be tripled by 2019

The number of mobile subscriptions in the world will increase to 9.3 billion by 2019 from the current 6.6 billion, while the number of smartphone subscribers will triple by 2019...

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FDA moving to ban trans fat from processed foods

The Food and Drug Administration acknowledged Thursday for the first time that trans fats are unsafe, and took steps toward banning the artery-clogging substance from scores of food products. The...

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China pressuring NYU?

Chinese dissident Chen Guangcheng, who was allowed to travel to the US after escaping from house arrest, says New York University is forcing him and his family to leave at...

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Retail achieved 1170 billion HUF revenues from food sales in ten months

Food retail revenues remained stable, from the sales of the ninety food categories continuously measured by Nielsen. Between December 2012 and September 2013 food retail revenues remained stable, compared to...

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Following the stolen twenty billion HUF meat VAT

The government decided to reduce VAT on pork . The Value Added Tax of live-and half-carcased pigs will be reduced to 5 percent, from the current 27 percent from 1...

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A decline in consumer spendings

In 2013, the monthly amount of household expenditure per capita was 64 300 HUF, the survey of the Central Statistical Office (KSH) shows. The volume of consumer spendings fell by...

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Less educated people consume more beer in Hungary

The survey was made with Polish and Hungarian participants analyzed beer consumption and purchasing habits among other things. It turns out, inter alia, that beer is not the drink of...

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European Trade Day: the NGM would accelerate the cash register replacement with regulation amendment

The Ministry of National Economy (MNE) would like speed up the cash register replacement, so in a new, regulation that will be published this week, the Ministry will require strict...

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The NAV found eleven tons of illegal meat

The National Tax and Customs Administration (NAV) and the National Food Chain Safety Office (Nébih) struck down to an illegal meat shipment on Friday morning at a parking lot in...

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9-percent market expansion in value

In the flour category – including semolina and bread mixes – sales improved by 9 percent in value in the December 2012-July 2013 period. In the examined eight months the...

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The VAT on pigs will be reduced to five percent from 1 January

The Value Added Tax of live-and half-carcased pigs will be reduced to 5 percent, from the current 27 percent from 1 January 2014. The decision will enter into force, with...

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FruitVeB: the fruit and vegetable strategy can only be implemented with a 5 percent VAT

The president of the Hungarian Fruit and Vegetable Interprofessional Organization and Marketing Board (FruitVeB) told MTI on Friday in Budapest, that the fruit and vegetable sector strategy, which is under...

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The protection of origin is strengthening at the Tokaj wine region

The Mountain Village Board of the Tokaj Wine Region aims to strengthen the protection of the origin of the Tokaji wines by modifying the standards. New values will be determined...

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Inflation rising in China

China's annual inflation climbed to an eight-month high of 3.2 percent in October as food costs soared, fanning market worries about policy tightening as factory output and investment data pointed...

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OKSZ: Christmas gifts or cash register replacement

According to the National Retail Federation (OKSZ) it is impossible to complete the cash register replacement by 31 December 2013, as it is wished by the Ministry of National Economy...

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Legal tobacco market is on slope

The legal tobacco market continued to decline In October. According to preliminary datas, only 18 billion HUF excise tax revenue has flowed into the budget – portfolio.hu describes the datas,...

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Member States can decide over the authorization of genetically modified maize

Following the judgment of the European Court of Justice, the decision will be submitted to the Council of the European Union, ie. the national agricultural ministers will decide on whether...

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Magazin: Consumers reward themselves, but they also make compromises

Túró rudis and dairy snacks can be considered the mixture of countline chocolate and dairy products. The collective term for these products is chilled milk desserts. Basically the category satisfies...

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Pálinka distilling is free for three years

Harvest was good this year from fruits that are the base materials of pálinka. The trend continues, that more and more people are distilling their mash by using the limited...

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