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Hungarian workers do not held a lunch break but they drink a lot of coffee
Date: 2014-04-14 11:33:27
Almost half of Hungarian workers did not take lunch break and only 15 percent eat five times a day. 73 percent of the workers are having coffee on a regular...
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The tax expert said that pálinka cannot be brewed with tax exemption in compliance with EU law
Date: 2014-04-14 11:30:01
Vámosi-Nagy Szabolcs, the tax consultant of the EY global consultancy do not see a solution taking the tax rules into account, when one can make pálinka with tax exemption in...
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Quality Hungarian Pork trademark introduced
Date: 2014-04-14 09:51:25
The Ministry for Rural Development and the Livestock and Meat Interprofessional Organisation and Marketing Board (VHT) introduced the Quality Hungarian Pork (KMS) trademark and quality assurance system. VHT president Antal...
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Magazine: The new pig strategy seems to work
Date: 2014-04-11 12:47:42
The implementation of the new pig strategy, approved last summer, has already started. Government promise is that HUF 1.6 billion is earmarked for the programme this year. Goals include increasing...
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We trust in domestic food products
Date: 2014-04-11 12:00:31
According to a representative survey carried out in January, 86 percent of Hungarians are confident in domestic food products – the Greenpeace announced on Thursday. On the basis of the...
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0.1 percent inflation in March, food prices fell
Date: 2014-04-11 11:26:11
Consumer prices in March were 0.1 percent higher than a year earlier. Compared to February, consumer prices rose by an average of 0.2 percent – the Central Statistics Office (KSH)...
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Solid optimism characterizes the domestic companies
Date: 2014-04-11 11:05:09
In the first quarter of the year, the forward-looking expectations of the SMEs for the next one year have barely changed. The K&H SME confidence index is currently on minus...
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The sales of some confectionery products of the Gávavencsellő-based bakery were forbidden
Date: 2014-04-11 11:00:56
Due to its high content of preservative additives, the sales of some confectionery products of the Gávavencsellői Sütőüzem Kft. were banned by the National Food Chain Safety Office (NÉBIH) –...
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Joint roadshow by NAK and the Ministry of Regional Development
Date: 2014-04-11 09:44:44
The Hungarian Chamber of Agriculture (NAK) and the Ministry of Regional Development have started a joint roadshow to inform farmers about the EU’s common agricultural policy for the 2014-2020 period...
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The government is committed beside homemade pálinka
Date: 2014-04-10 12:03:59
The Government is committed to retain the homemade pálinka cooking and would like to see that the tradition as part of the Hungarian cultural heritage would live on in Hungary...
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The tax exemption of the homemade pálinka is contrary to the EU law
Date: 2014-04-10 12:01:26
It is not compatible with the EU law, that Hungary allowed to cook up to 50 liters of fruit distillate a year with the exemption from excise duties – the...
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The logo of OÉTI can be found unauthorized on several dietary supplements
Date: 2014-04-10 11:20:44
The logo of OÉTI can be found unauthorized on a number of dietary supplements – the National Public Health and Medical Officer Service drew the attention on Wednesday. According to...
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Enterprises employing more women are more profitable too
Date: 2014-04-10 10:41:05
The latest survey by Regus found that companies that don’t employ women with small children suffer a competitive disadvantage. According to the study, 79 percent of Hungarian firms also agree...
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Radical changes are coming in transfer pricing requirements
Date: 2014-04-10 10:38:40
OECD’s new discussion draft on transfer pricing documentation may bring radical changes in the everyday work of companies. The planned regulation is even stricter than the current Hungarian practice. According...
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Magazine: Sales were stable in grocery retail in the last 12 months
Date: 2014-04-10 10:31:30
According to the Nielsen Retail Index, grocery retail sales amounted to HUF 1,404 billion between February 2013 and January 2014 in the 90 categories audited. Value sales were the same...
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50m² and smaller
Date: 2014-04-10 09:51:39
On 1 January 2013 Nielsen counted 10,765 stores in this channel. Their value share from sales of the 90 grocery categories audited by Nielsen was 9 percent in February 2013-January...
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Household chemicals and cosmetics: value sales up, volume sales down
Date: 2014-04-10 09:28:37
2013 brought a HUF 310-billion turnover in household chemicals and cosmetics retail. Sales were up 1 percent in terms of value but they dropped 3 percent in terms of volume....
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According to analysts, the domestic demand is slowly picking up
Date: 2014-04-09 11:50:48
Market analysts said that the domestic consumption and the expected recovery of investments can bring the major expansion of imports. In parallel the trade surplus may decline but only from...
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Increased consumer protection controls before Easter
Date: 2014-04-09 11:42:34
The National Consumer Protection Authority (NFH) carries out increased controls before Easter – the National Consumer Protection Authority (NFH) told MTI on Wednesday. According to the communication of the National...
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The duty-free Ukrainian poultry may bring further price reduction
Date: 2014-04-09 11:40:07
Poultry and egg producers are afraid of an even more significant price decline, after the European Union would like to make the Ukrainian agricultural goods duty free in the EU...
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The low-calorie sweeteners are important for a healthy diet
Date: 2014-04-09 11:05:50
The 2nd conference of the International Sweeteners Association (ISA) in Brussels was dealing with the role of the low-calorie sweeteners in the fight against the growing obesity epidemic and against...
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January brought 13.4 percent lower production prices in agriculture
Date: 2014-04-09 10:24:55
In January 2014 agricultural production prices dropped 13.4 percent from the level of January 2013. The price of vegetable products was down 19.6 percent and the price of livestock/products of...
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Magazine: There is less apple in the market, but it is cheaper
Date: 2014-04-09 10:07:44
Data from the Agricultural Economics Research Institute’s (AKI) market price information system (PÁIR) reveal that the production price of wheat was HUF 53,000 in January 2014, 23 percent less than...
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Online retail expansion reaches Hungary
Date: 2014-04-09 09:21:26
In 2013 Hungary’s retail turnover neared HUF 7,000 billon in value, from which online retail’s share is estimated to be HUF 200-220 billion. This share represents more than 3 percent...
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Gross average wage was 230,700 forints
Date: 2014-04-09 09:18:50
Compared with the same period a year earlier, gross wages were up 3.4 percent at enterprises employing at least 5 people, budgetary institutions and observed non-profit organisations in January-December 2013....
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Inflation growth was minimal in February
Date: 2014-04-09 09:16:06
In February 2014 consumer prices were 0.1 percent higher than one year ago. Compared with January 2014, consumer prices rose by 0.1 percent on average. Groceries cost 0.2 percent more...
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Growth at last – but with question marks
Date: 2014-04-09 09:12:28
According to GKI Economic Research, the pre-election economic policy might vitalise the economy in the short term but doesn’t create the lasting basis of growth, because it fails to restore...
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Food retail: 310 billion HUF turnover from household chemicals and cosmetics
Date: 2014-04-08 12:10:20
Between March 2013 and February 2014, the food retail carried out a 310 billion HUF worth turnover from household chemicals and cosmetics, 2 percent more than a year earlier. In...
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The Ministry of Rural Development stimulates the Hungarian pork consumption with trademarks
Date: 2014-04-08 12:07:24
With the introduction of the High Quality Pork (KMS), the Ministry of Rural Development (VM) is trying to support the increase of the domestic pig population and domestic consumption of...
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The strawberry can be cheaper this year
Date: 2014-04-08 12:04:57
The Hungarian strawberries may occur earlier in the domestic market, due to the favorable weather so the domestic crop can cross the way of imports – Mártonffy Béla, the president...
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