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KSH: imports decreased more than exports in July
In July, the value of exports in euros decreased by 5.2, while imports decreased by 6.0 percent compared to the same month of last year. The trade surplus rose by...
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New markings inform about the use of potato
New varieties (A, B, C) markings inform customers that the potatoes they wish to buy are suitable mainly for baking, cooking or pastry making – the Deputy Chairman of the...
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The NAV found a manufacturing plant in Budapest making counterfeit detergents
The National Tax and Customs Office (NAV) found a manufacturing plant in Budapest making counterfeit detergents. According to the communication of the NAV sent to MTI on Thursday, the finance...
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Hungarian beef in Hong Kong
Thanks to an agreement reached by the Ministry of Agriculture and the Hong Kong food safety authorities, Hungary can start exporting beef to Hong Kong. Five Hungarian businesses, located in...
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Magazine: The race for funding will continue in the autumn
In September the Prime Minister’s Office (PMO) plans to announce new grant programmes for farmers. From the Rural Development Programme’s HUF 1,300-billion budget (for the 2014-2020 period), the PMO has...
Read moreOKSZ: the mitigation of labor shortages would be necessary in the commercial sector first
According to the communication of the National Retail Federation (OKSZ),the OKSZ still believes that the government made the right decision in April, when restored the former rules on Sunday working...
Read moreAnalysts: investments are needed to achieve higher growth
On the basis of the detailed GDP figures this year’s economic growth may be even more favorable than the analysts' expectations – according to analysts interviewed by MTI, who also...
Read moreThe farmers expect a better vintage at the Szekszárd wine region compsred to last year
More and better grapes are expected at the Szekszárd wine region this year, where harvest begins with the early varieties of grapes for rosé wines. The winemakers of the wine-growing...
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Mihály Varga: the NAV is prepared to introduce online cash registers in January
The National Tax and Customs Office (NAV) is prepared to extend the mandatory use of the online cash registers in January. Varga Mihály told journalists on Wednesday in Budapest that...
Read moreSixty-seven Hungarian companies among the biggest companies in Central and Eastern Europe
Sixty-seven Hungarian companies are among the 500 companies with the largest turnover in 2015 in Central and Eastern Europe. The company list (CE TOP 500) was published on Wednesday by...
Read moreEurope's first beer fountain was opened in Slovenia
Europe's first beer fountain the Green Gold was opened in Zalec in Slovenia – the local media reported on Wednesday. Janko Kos mayor wants to boost tourism in the small...
Read moreAn increase in air passenger and freight traffic
According to the data of the International Air Transport Association (IATA), passenger and freight traffic in July, compared to the same period of the previous year. According to the communication...
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Hungarian apricot in Vienna
Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) revealed that on the 31st week, the price of apricot was HUF 400/kg at the...
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Another record: sales neared 3.4 billion forints at the end of 2015
In November-December 2015 seasonal sweets were sold in retail for a record-breaking HUF 3.4 billion. 655 tons of seasonal confectionery products were sold and like-for-like value sales rose 7 percent....
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Magazine: Classics reloaded
Christmas gift packs not only sell well: sales keep growing, too. According to Nóra Schleisz, Unilever Hungary’s gift brand manager, during the busy days before the Christmas holiday it is...
Read moreAnalysts: the slowdown in retail sales growth is only temporary
The slowdown in retail sales growth is only temporary. In the next few months, the previous momentum may return – according to experts interviewed by MTI. Ürmössy Gergely, senior macroeconomic...
Read moreKSH: GDP increased by 2.6 percent in the second quarter
The volume of the gross domestic product grew by 2.6 percent in the second quarter, compared to the same period of last year. According to the seasonally and calendar adjusted...
Read moreKPMG: European family businesses are optimistic
Despite the low growth environment and difficulties in the labor market, the European family businesses are flexible and successful – according to KPMG’s survey. The leaders of family businesses believe...
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The indigenous small livestock development project is near completion
The indigenous small livestock development project has many results, including the breeding indicators of the indigenous turkey have improved opposite to the hybrid turkey – was said on Tuesday in...
Read moreTobacco shop robbers were arrested in Szabolcs County
Four suspects were arrested in Szabolcs-Szatmár-Bereg County who robbed eight national tobacco stores – the press office of the police told MTI on Tuesday. According to the information the robberies...
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Slowdown in GDP growth in the euro area
In the second quarter, GDP growth slowed in the euro zone and in the European Union – according to the report of Eurostat published on Tuesday. According to the third...
Read moreRomanian retail sales grew by more than 10 percent in July
The sales volume of Romanian retail expanded with 11.7 percent in July in a year over year comparision. The seasonal and calendar effect adjusted value shows a 13.8 percent growth....
Read moreKSH: an increase in retail sales in July
According to the raw data the volume of retail turnover in July, increased by 2.7 percent. The calendar effect adjusted data rose by 3.8 percent compared to the same period...
Read moreNGM: retail continues to grow for 37 months
Retail are continuously growing for more than three years. The annual voulme of retail trade increased by 4.9 percent compared to last year's January-July period – the Deputy Minister of...
Read moreDepressed prices on the honey market
Less than average honey was produced this year, but the purchase price is still low. The Hungarian beekeepers are selling the honey on depressed prices and want EU action against...
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The state provides support to the connecting of the food and beverage vending machines into the online system
According to the Economy Ministry's decision state aid will be guaranteed to the connecting of the the food and beverage vending machines into the online system – Varga Mihály, Minister...
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The proportion of lactose-free products is increasing
The growing sales shows that buyers today are not only choose organic foods because of health considerations – Magyar Nemzet Online wrote. Although, more and more Hungarian suppliers can be...
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The performance of consumer markets in the EU continued to improve
The performance of consumer markets in the European Union continued to improve, however, there are still serious differences between the individual Member States – according to the European Commission’s report...
Read moreHungary and Romania to coordinate agricultural diplomacy
Hungary and Romania will coordinate their agricultural diplomacy efforts in the planning and shaping of the EU’s agricultural policy (CAP) – Fazekas Sándor, Minister of Agriculture and Achim Irimescu Romanian...
Read moreIndia and China may also introduce VAT
The Value Added Tax (VAT) originally comes from France. India introduces the VAT next year, while China is switching to the new system these days – Magyar Nemzet Online wrote....
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