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India 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....
Read moreRetail sales increased by 1.6 percent in the Czech Republic in July
In July, retail sales increased by 1.6 percent on an annual basis in the Czech Republic – the Czech Statistical Office announced on Monday in Prague. Compared to the 6.3...
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Scientists may found the substitute for cocoa beans
Those who are addicted to chocolate will be happy; scientists may have found a way to solve a potential impending shortage of cocoa – privatbankar.hu wrote. Scientists may have found...
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Investor sentiment improved in the euro area
The improved sentiment index of September reflecting the finish of the Brexit-effect – according to the Sentix investor survey. In September, the investor sentiment index of the Sentix economic research...
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Art for shopping
Several works of art from the Louvre-Lens museum of fine arts have been exhibited in the Auchan hypermarket of Noyelles-Godault in France. The store manager hopes that the 60m² exhibition...
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Greek chain about to go bankrupt
Marinopoulos Group, the company that operates Greece’s biggest supermarket chain, has temporarily been granted protection from its creditors by the Athens court. Marinopoulos Group supposedly owes EUR 500-700 million to...
Read moreThis year's vintage will be good
This year's vintage will be quantitatively mixed, but will have a good quality – these are the first experiences of this year's harvest – according to the growers and winemakers'...
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The government would whiten the drink and snack vending machines market
The government would whiten the drink and snack vending machines market from the illegal market participants. The technical details of this regulation were published in Friday's issue of the Hungarian...
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KSH: The revised data show an even larger trade surplus in 2015
In 2015, exports reached 79 million euros, while imports were 556 million euros less than the known 90.539 and 82.421 billion euros. Last year's trade surplus is 477 million euros...
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FM: the School Fruit and Vegetable Program continues
The School Fruit and Vegetable Program continues this year to provide healthy fresh fruits and vegetables to the schoolchildren in the school year – the Minister of Agriculture told M1...
Read moreThe private sector improves the employment
According to the senior analyst of the K&H Bank mainly the private sector improves the employment data, but further improvement will be slowed by the fact that it increasingly difficult...
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A new public catering institution was handed over in Tahitótfalu
A kitchen-dining complex suitable for the production of six hundred portions of food began operations with two hundred seats in Tahitótfalu, Pest County; the greenfield project is the largest own-funded...
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Drugstores’ share in sales increases further
Toothpaste: last year toothpaste was sold in a value of more than HUF 13 billion. Like-for-like value sales were up 3 percent but volume sales dropped 1 percent. Drugstores’ share...
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The online sector accelerates
The domestic online retail continues to grow steadily. The market closed the first half of this year with a 18 percent increase. According to joint Online Retail Index survey of...
Read moreMadosz president: good tobacco crop is expected this year
Slightly better quality tobacco crop is expected this season compared to the previous years – the President of the Hungarian National Association of Tobacco Growers (MADOSZ) told MTI on Thursday....
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NFM: “the school learning consumer awareness” application has been launched
The application for “the school learning consumer awareness” has been launched – Keszthelyi Nikoletta, Deputy Minister of State of the Ministry of National Development (NFM) told M1 news channel on...
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KSH: trade surplus is above one billion euros in June
In June, the reported export value in euros increased by 4.9 percent while the value of imports increased by 1.8 percent, compared with a year before. The trade balance surplus...
Read moreCoface: Hungarian companies achieved the highest growth among the regional companies
The Central and Eastern European region's five hundred largest companies last year generated revenues of 593 billion EUROS, which is a 4.2 percent increase in an annual comparison. According to...
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FM: the hail response system is expanding to nationwide
The government will extend the already successfully operating hail response system in several counties to the area of the entire country – the Ministry of Agriculture told MTI on Thursday....
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The Nébih closed an illegal grocery store
The National Food Chain Safety Office (NÉBIH) closed an illegal grocery store during its last control – the authority told MTI on Thursday. According to the information of the National...
Read moreClose to 170 million HUF worth smuggled cigarettes were found in a truck
The finance guards found nearly 170 million HUF worth smuggled cigarettes in a truck that was seized as well as the tobacco products. The driver with Hungarian-Ukrainian citizenship was questioned...
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K&H Bank: SME loans increased by 8 percent
K&H Bank's small and medium enterprise (SME) business branch increased by 8 percent in this year's first five months – Rajna Gábor, director of K&H responsible for bank sales networks...
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Magazine: Protect your mouth!
In oral care it is very important to use products that contain natural ingredients and do no harm to the teeth and the oral mucosa. Dr. Theiss has found a...
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Dairy Product Board: turning point in the dairy sector
Trend turning point occured in the dairy sector in recent times. The declining trend of prices has stopped and a price increase started in the market – the chairman of...
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New app helps consumers
A new mobile application created by the Budapesti Békéltető Testület (BBT) (Arbitration Board of Budapest) helps the consumers. The consumers can report their problems already in the store – the...
Read moreTwenty-four thousand students are studying from September in agricultural vocational schools
Twenty-four thousand students are studying in the 48 agricultural vocational schools of the Ministry of Agriculture (FM) at 63 sites from September. The agricultural, food and environmental education is carried...
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Samsung's latest investment positively affects the Hungarian suppliers
Samsung's latest investment in Göd will be favorable for the Hungarian suppliers. The National Investment Agency (HIPA) identified 117 companies and offered them to investors, of which 11 received a...
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The Polish Solidarity would restrict the Sunday opening hours of shops
The Solidarity submits a bill for the limitation of the Sunday opening hours of shops, after collected the necessary signatures – Piotr Duda, president of the largest trade union in...
Read moreGerman retail sales decreased
Compared to the previous year, retail sales in July fell in Germany instead of the expected rise, however on a monthly basis, German retail sales increased more than expected. According...
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EU leaders: the expansion of the economy and trade in the focus of the G20 summit
Job creation, economic growth and international investments are in the focus of the G20 summit – EU leaders have revealed the details of the conference in their joint statement on...
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