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Retail sales of household chemicals and cosmetics increased by six percent
The retail sales of household chemicals and cosmetics amounted to 356 billion HUF last year; 6 percent higher than a year before. The volume of sales remained unchanged. Among the...
Read moreThe families save an annual ten thousands HUF due to the VAT reduction on pork
The VAT reduction on pork is resulted in 25 million HUF savings for the customers, so a family of four will save an annual ten thousands HUF – the Parliamentary...
Read moreKSH: the performance of the economy grew by 2.9 percent last year
Hungary's gross domestic product (GDP) grew by 2.9 percent in 2015, compared to the previous year. In the fourth quarter of 2015 the growth was 3.2 percent, compared to the...
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Young farmers are performing well in the horticultural sector
The rate of young farmers in the horticultural sector is more than 10 percent in Hungary. These farmers are taking risks above the average and are more open to new...
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Valentine's Day – flowers and chocolates are the hit products
Sales are increasing before 14 February (Valentine's Day) in the domestic stores – according to the chains. The chain of stores told MTI that the most popular products are chocolates...
Read moreThe product boards are concerned due to the transformation of irrigation rules
The FruitVeB, Fruit and Vegetable Interprofessional Organization and Marketing Board and the Apple Product Board are calling for consultation on the subject. In the document sent to MTI on Friday,...
Read moreThe ifo World Economic Sentiment Index declined in the first quarter
The Ifo Index for the world economy dropped from 89.6 points to 87.8 points this quarter, drifting further from its long-term average (96.1 points). While assessments of the current economic...
Read moreNAV: finance guards found 1,600 liters liters of untaxed pálinka
During an excise control, the finance guards of the National Tax and Customs Office (NAV) found 1,600 liters liters of untaxed pálinka – the NAV told MTI on Saturday. According...
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Hungary is the first EU country to sell beef to China
In mid-January the first beef consignment from an EU country, Hungary, ceremonially arrived at Shanghai. The representatives of the municipality, the customs authorities, the quarantine office and the buyer company,...
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Danubiana exports more wine
Bonyhád-seated Danubiana Kft. increased its wined export by 5 percent. The company sold 138,000 hectolitres of wine in 2015, 90 percent of which was exported to the UK, Scandinavia and...
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Farmers can also apply for preferential loans
Until the end of January farmers can apply for loans with subsidised costs in the Széchenyi Card and the Hungarian Development Bank (MFB) schemes. The Agricultural and Rural Development Agency...
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Magazine: Energy drinks are flying high again
Energy drink is a functional product that fits very well into the consumer lifestyle of today’s rat race world. A growing number of people drink them instead of coffee. Sales...
Read moreAnalysts: inflation was lower than expected in January
The inflation rate in January fell short of the expectations. The main role in the data was played by the significant drop in fuel prices, the reduction of VAT on...
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GfK: financial awareness is independent of age
The development of financial culture is a vital interest for all the players in the financial sector. The financial culture encompasses the knowledge of financial products, the oversight of financial...
Read moreVine pruning at full swing
Vine pruning starts later in milder weather in the small gardens, but at the larger vineyard parcels work was going on during the whole winter. With the exception of harder...
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The Hungarians like to celebrate Valentine's Day at a restaurant
In Hungary, 67 percent of Valentine's day card spending are carried out in restaurants, while the fewest transactions are in flower shops and jewelry stores (2-2 percent) – according to...
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Serbia is getting cheaper
A 0.2 percent deflation was measured in Serbia last December, so the retail prices of public consumer goods and services reduced compared with November – the Republic Statistical Institute of...
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Attractive Ukrainian food market
Ukraine can be Europe's food cemetery – at least something similar is expected – due to the deterioration in living standards and due to the continued depreciation of the national...
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Magazine: Major sporting events can drive snack sales this summer
The summer of 2016 can be a peak period in snack sales: in football there is going to be the Euro 2016 with the participation of the Hungarian national team,...
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The dangers of open space offices
A data protection campaign by Fellowes found that it is typically at the workstations of open space offices where confidential documents are left lying around, not on the desks of...
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Turnaround in the vegetable oil market
Data from the Agricultural Economics Research Institute (AKI) and KSH’s market price information system (PÁIR) reveal that the experts of Oil World are of the following opinion: in the Black...
Read moreExcellent quality at lower prices
Pick Szeged Zrt. will soon enter the market with meat bearing the Quality Hungarian Pork (KMS) trademark. The Livestock and Meat Interprofessional Organisation and Marketing Board (VHT) signed a contract...
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Production prices in November: +5.5 percent
In November 2015 agricultural production prices increased by 5.5 percent from the level of November 2014. The price of vegetable products increased 13.7 percent, but the price of livestock/products of...
Read moreDecree on crop protection modified
As of this year several modifications of the crop protection decree entered into force. From now on only Category 2 and 3 pesticides are allowed to be used in public...
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Hungarian apples are expensive
Because of the drought, last year's apple crop was lower than expected – that is why consumers have to pay more for apples this year. The average price of the...
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GMO-free labeling may come after the approval of the European Commission
We still need to wait a few months for the introduction of the GMO-free labeling. The “GMO-free production” trademark will be put on food and feed after the approval of...
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Coffee prices to rise
Due to the increasing consumption coffee prices may increase significantly. Analysts expect sustained high prices, because the growing area is shrinking,the yield increasing investments are costly and take a long...
Read moreMVH: basic support was allocated to 95 percent of the farmers by the beginning of February
Until the beginning of February, 95 percent of the farmers received basic support from the Agriculture and Rural Development Office (MVH) – the president of MVH told MTI on Wednesday....
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Budapest to apply for a WFP service center
The government approved by the detailed application material of the World Food Programme’s (WFP) service center that will open in Budapest – the government's decision on the matter was publsihed...
Read moreMore and more is spend on food in Romania
Retail sales in Romania grew by 8.9 percent last year. The Bucharest Institute of National Statistics (INS) reports that the recent increase of food is due to the rising demand...
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