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KSH: the decline in agricultural prices accelerated in June

The decline in agricultural prices accelerated further in June. After the 14.9 percent decline of May it became 15.8 percent in June, compared to year earlier. The price growth of...

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Revenue from OTC products increased to 77 billion HUF in the first half of the year

The retail sales of nonprescripted products (OTC products), increased by 7 percent to about 77 billion HUF during the first half of this year compared to last January-June – om...

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Magazine: Social media trends in the FMCG sector

What does social media can give that digital media tools can’t? Three things: interactivity, being viral and potentially unlimited opportunities. ‘Facebook is more important than television’ – announced Nestlé in...

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Expert: the Russian import ban strenghtens the decline in prices in the Hungarian agriculture

The Russian import ban amplifies the decline in prices on the agricultural products market in Hungary – Lukács László agricultural expert, former executive director of the Dairy Board told MTI...

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Fifteen thousand packs of cigarettes were seized in Tiszabecs

At least fifteen thousand packs of cigarettes – presumably smuggled goods – were found in a house and in a car in Tiszabecs – the Szabolcs-Szatmár-Bereg County Police Headquarters wrore...

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Small shops’ share is above the average

Like-for-like growth was 6 percent in spice retail value sales in December 2013-March 2014. Sales valued at approximately HUF 5 billion and volume sales were up 4 percent. The 401-2,500m²...

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Analysts: more than 3 percent annual GDP growth is expected

The gross domestic product (GDP) increased over the expectations this year in the second quarter. According to analysts interviewed by MTI GDP can expand more than it was expected earlier....

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Europeans like the Hungarian corn

One of the most dynamic culture of the domestic production of vegetables is corn. The largest growing area of the continent can be found in Hungary. The growing demand towards...

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This year, only fifth of the wheat was grown from controlled seed

Good quality controlled seed was sown on only the fifth of the lands in Hungary, which according to the Gabonakutató Nonprofit Zrt. (Cereal Research Non-Profit Co.) can reduce the quantity...

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Next year, the farmers have to meet the requirements of greening

The farmers should be prepared to meet the requirements of greening in 2015 – the Ministry of Agriculture (FM) draws the attention. The information of the Ministry of Agriculture (FM)...

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U.S. retail sales stagnated in July

In July, retail sales in the United States have not increased compared to the previous month – the United States Commerce Department announced. Retail sales have not increased in July...

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The rainy weather badly affects the Italian wine production

Due to the rainy weather, the Italian wine production is expected to be considerably lower than in the previous year, however, the vintage will be excellent at some wine regions...

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Online Retail Index was down

According to the GKI Digital – arukereso.hu Online Retail Index survey, online retailers hope for a 15-percent expansion from last year’s HUF 133-billion turnover. They are optimistic despite the fact...

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The analysts expect a slow growth in consumer prices

The rise in consumer prices may remain slow in the coming months, but inflation may accelerate at the end of the year – analysts told MTI. The analysts expect higher...

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Magazine: The dawning of a new era in television watching

According to the eNET-Telekom ‘Report on online economy’ conducted in April 2014, 79 percent of regular internet using adults also do something else while watching TV. 27 percent of these...

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The winners of the fifth tobacco shop tender were announced

The results of the May 13 tobacco shop tender were announced. A total of 70 concessions were sold. Originally 88 concession rights were announced for 20 years and 659 applications...

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Tax inspectors stormed the pubs

Large-scale, coordinated inspections were carried out by the National Tax and Customs Authorities in the capital. At the end of last week, the inspectors visited 32 frequented restaurants at the...

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The Chinese companies can benefit from the Russian food bans imposed on the West

Some Chinese companies deliver food products directly to Russia which may benefit tremendously from the export ban imposed on the Western countries by Moscow. The China Daily reports that the...

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The NÉBIH continues the summer food inspections

During the almost 4000 controls, the National Food Chain Safety Office (NÉBIH) imposed 37 million HUF fines in the first stage of the summer inspections. The monitoring will continue until...

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Magazine: It is a digital world

The Ericsson Mobility Report forecasts that by 2015 there will be more mobile phone subscriptions then the population of the Earth. In the last twelve months the number of subscriptions...

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KSH: the decline in consumer prices has stopped

In July, the inflation rate was 0.1 percent, after in the previous three months consumer prices declined, compared with a year earlier. Compared to June, the prices rose by 0.2...

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NAK: the warm, humid weather differently affected the crops

The hot and humid summer weather differently affected the crops. It had a unfavorable affect on winter wheat, while on maize and sunflowers it had a positive impact – the...

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More than 145 thousand cash registers were installed to the system of the NAV

The Ministry of National Economy (NGM) is not working on a proposal to extend the deadline of the support of the cash register replacement currently. The Ministry of National Economy...

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The VIMOSZ agrees with the postponing of the catering regulation

The Federation of the Travel and Tourism Employers (VIMOSZ) agrees with the delaying of the new catering regulation. Gál Pál Zoltán, the president of the organization in his communication sent...

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MAGOSZ: the new support system helps the family farm

The changes in the support system was occurred in favor to increase the competitiveness of the small, medium sized family farms – Jakab István, the president of the Hungarian Farmers'...

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A good year in agriculture

According to the latest market report of the Agricultural Economics Research Institute (AKI), beef production in the European Union is expected to rise by 1 percent to 7.45 million tons...

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It is free to accept Euros, but it is not easy

No special permission is required to accept euros in a retail shop, but certain tax policy regulations had to be kept – the expert of adózóna.hu warns. It is important...

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Moody's: economic growth is accelerating next year

Year 2014 is expected to be below the average in terms of world economic growth, but the outlooks for the next year are better – Moody's Investors Service predicted in...

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The harvest begins on 11 August in Sopron

Thanks to the good weather the harvest of the Irsai Olivér grapes will start in the hottest vineyards near the Fertő Lake in Sopron on Monday. The Taschner Bor- és...

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Ukrainian grain is invading the markets

In recent weeks the grain exports of Ukraine has accelerated. This is partly due to the record harvest and the earlier than usual started harvest, but the fact that because...

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