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Tackling tax havens
According to the European Commission’s (EC) calculations, due to the special treatment offered by the Irish tax authorities, in 2003 the corporate tax rate for Apple’s European profits was 1...
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Magazine: Canned food has grown out of the tin box
Canned food is a large category, in terms of both content and area of use. According to Dr Sándor Szórádi, managing director of Szatmári Konzervgyár Kft., now that there are...
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Central Statistical Office: retail sales rose 5.8 percent in August
The volume of retail sales in August, according to the raw data increased by 5.8 percent, calendary effect adjusted rose by 4.3 percent compared to the same period of last...
Read moreThe debate on the national food marketing program ends in October
The social discussion on the national food marketing program ends in October – the Ministry of Agriculture (FM) told MTI on Tuesday. The ministry said in a statement that Nagy...
Read moreThe VOSZ urges an immediate reduce in contributions
The National Association of Entrepreneurs and Employers urges immediate reduce in contributions in the sectors that mostly contribute to economic growth – the National Association of Entrepreneurs and Employers told...
Read moreAgricultural Logistics industrial park in Tiszasziget
An agricultural logistics industrial park will be created in Tiszasziget, in which a plastic processing plant will be built in a value of about 2 billion HUF – Ferenczi Ferenc...
Read moreConsumer confidence deteriorated in the world's largest economy
Deterioration in consumer confidence occured in October in the US economy, according to the sentiment index of the Conference Board research firm released on Tuesday. The October index decreased to...
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Lasagna-chips where even “the other way” is in a different way – Video of the day
In a soundproof room filled with microphones, the chef Massimo Bottura of The World's Best Restaurant, Osteria Francescana prepares a perfect dish — and serves it to a robot. This...
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Stricter data protection regulation
As of 2018 a new, standard data management regulation enters into force in the European Union, because this spring the European Parliament (EP) voted in favour of the General Data...
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Stricter rules in the Hungarian Food Book
As of 21 July 2016 rules for meat products and certain prepared meats changed in the Hungarian Food Book (Codex Alimentarius). New definitions have been introduced and old ones have...
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Magazine: Wiener shifts into fifth gear
2015 was a good year for the wiener market. However, in the first half of 2016 the market lost dynamism, mainly because of the decline in the sales of lower-priced...
Read moreBeer sold well during the European Football Championship
The Hungarian soccer team performed better than expected, the domestic beer consumption was in line with the EC appearance – index wrote after Világgazdaság. 12 million pints more, or about...
Read moreMangalica exports may begin in the United States
Hungarian mangalica exports may begin in the United States of America – the president of the National Association of Mangalica Breeders told MTI. Tóth Péter told that the export opportunities...
Read moreThe GKI sentiment index decreased to its three-years low in October
Although the GKI sentiment index deteriorated only slightly in October, it is standing on its three-year low point. According to a survey of the GKI (www.gki.hu), carried out with EU...
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Agricultural Innovation in Debrecen
Based on the experiences of the accredited food cluster of the University of Debrecen (DE), the development of education, research, innovation and agricultural and industrial development strategy was started at...
Read moreHundreds of billions of dollars to strengthen China's agriculture
The Agricultural Development Bank of China, one of the main credit institutions of the country has agreed with the Government's policy to provide at least 3 trillion yuan (450 billion...
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More EU funds for economic development proposals this year
70.6 billion HUF more, a total of 2327.4 billion HUF will be the total budget of the proposed economic development projects – was confirmed by the Ministry of National Economy...
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The energy audit clock is ticking
Large agricultural companies are obliged to perform an energy audit before 31 December 2016. NAK helps them with an energy audit service, bringing together firms and auditors. Thanks to the...
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Analysts are expecting accelerating wage growth
The pace of wage growth can accelerate in the public sector due to the current wage settlements and the constantly rising demand for labor in the private sector is –...
Read morePears will be expensive this year
Every year an average of 23-28 thousand tons of pears are produced in the country, and this year the amount is only expected to be half of this volume –...
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The Hungarian exports give more than 10 percent of the world’s seed trade
The Ministry is proud of the Hungarian seed sector’s performance. The Hungarian seed exports give more than 10 percent of the world’s seed trade – the Deputy Minister of State...
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Neolithic Europeans ate roasted rodents
Neolithic Europeans ate roasted rodents about five thousand years ago – Scottish researchers revealed. A recently published report by Scottish researches claims that ancient Europeans feasted on rodents around 5,000...
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NAV’s summer inspections
In the summer the National Tax and Customs Administration (NAV) imposed fines as a result of 7,600 check-ups, one third of which revealed some kind of irregularity. NAV’s nationwide summer...
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Grant programme for preserving local and regional values
There were 122 winning projects in the Ministry of Agriculture’s grant programme, which was announced in June with a budget of HUF 250 million, for preserving local and regional values....
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Surjány-Hús Kft.’s assets are for sale
Törökszentmiklós-seated meat company Surjány-Hús Kft. is under liquidation and the National Reorganisation Nonprofit Kft. announced that the company’s assets are up for sale, at the price of HUF 1.7 billion...
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NGM: the government supports the whitening of the vending machine market
The government supports the entrepreneurs dealing with food and drinks vending machine market by HUF 1.5 billion HUF. The amount is expected to fully cover the acquisition of the automated...
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FM: the Hungarian-Egyptian food industrial relations continued to expand further
The Hungarian-Egyptian food industrial relations continue to expand further with newer products: thanks to several years of preparatory work – the Ministry of Agriculture (FM) told MTI on Thursday. They...
Read moreAtradius: China's exports and e-commerce is a great opportunity for the Hungarian companies, but also poses a lot of risks
According to the study of the market leader credit insurance, consumption will gradually become the engine of China's economy, instead of investment, and this changing environment would further increase the...
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Peanuts and millet balls were withdrawn from circulation
The National Food Chain Safety Office (NÉBIH) withdrew extruded peanuts, lightly salted or flavored Tesco Organic bio millet balls from circulation, because their atropine and scopolamine content is high, which...
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Five thousand chickens died in the fire
About five thousand chickens died after a foil tent caught fire on Wednesday in Győr, in a plant in Sági Road – the deputy spokesman of the Győr-Moson-Sopron County Disaster...
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