How much pork prices will decline?
Due to the VAT reduction, the retail price of pork dropped by 17 percent from 27 to 5 percent from January 1. The trade association predicts that an annual 25 billion HUF will remain in the buyers’ pockets.
The press department of Tesco told Magyar Nemzet that they welcome the reduction of the VAT of pork, which contributes to the whitening of the economy, and based on estimates it can increase the amount of sold pork by twenty percent. (Gyöngyösi Balázs, Magyar Nemzet Online)
Related news
There is already lab meat that is just like the real thing
South Korean researchers have developed a pioneering method for the…
Read more >Rough numbers have arrived: Hungarian pork exports have skyrocketed
The export of Hungarian live pigs increased significantly, by 58…
Read more >The processing sales price of chicken breast decreased by 15 percent
Based on data from the KSH, Hungary’s poultry meat exports…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >