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Large retailers under pressure
The turnover of the major department stores is declining continuously, as more and more people prefer to purchase on the Internet. The situation is even worse, because the smaller market-type...
Read moreThe harvest has begun in Hungary
The harvest has begun in the country; farmers started to harvest the winter barley in almost every counties – Czerván György Minister of State of the Ministry of Agriculture (FM)...
Read moreMinistry of Agriculture: the beef sector is on a stable growth path
The cattle industry is on a stable growth track in recent years. The government has not abandoned the sector – Fazekas Sándor Minister of Agriculture said in Szentkirály at the...
Read moreThe Minister of State expects a medium wheat crop
According to the Minister of State of the Ministry of Agriculture, there is good chance for medium wheat crop. Czerván György told M1 news channel on Thursday that harvest began...
Read moreUnified cigarette packs to come
All tobacco products will have the same appearance, and will bear the same images on the cigarette packs – Lázár János announced at the government’s press conference. He did not...
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Undivided collective ownership may be discontinued
The Ministry of Agriculture informed that undivided collective ownership still has to be discontinued on 950,000 hectares of agricultural land. In May 300,000 land owners concerned received letters from the...
Read moreChanges in the conditions for alleviating agricultural damages
Green house farmers can now also be members of the scheme for alleviating agricultural damages. Per hectare contributions to the fund is defined based on what kind of fruit or...
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FMCG trends: decline in volume sales
FMCG volume sales dropped in all quarters of the last three years in Russia. Between December 2014 and February 2015 1 percent fewer products were sold than in the previous...
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NAK modifies statutes
At its Gödöllő meeting NAK modified its statutes: in the future members whose revenue from agricultural activities is below 20 percent will have to pay a membership fee based only...
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Magazine: Zsendülés conference: a very important event for the horticulture sector in Szeged
Kert-Ész Klub Hungary Association and Vitamin Szalon Kft. organised their 1st Zsendülés Horticulture Conference in mid-April in Szeged. The European Union budgetary cycle that ends in 2020 guarantees more funding...
Read moreThe three missed tobacco companies have cooperated
The Imperial Tobacco Magyarország Kft. offers an up to 6 billion HUF concession fee to the provision of tobacco retail. The JTI Hungary Zrt. és a Philip Morris Magyarország Kft....
Read moreThe Balaton Association’s request was rejected
Varga Mihály Minister for Economic Affairs rejected the Balaton Association's request that all the shops need to be open during the summer season. The ministry will decide in the autumn...
Read moreBisnode: not permitting the delay in payment is a competitive disadvantage to the companies
According to the analysis of the Bisnode business information company sent to MTI on Wednesday, those companies can be in competitive disadvantage that do not permit the delay in payment...
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Most of the Hungarian melon has been vaccinated
Most of the Hungarian melon has been vaccinated. But the average person cannot taste the difference between vaccinated and not vaccinated melons. This year's Hungarian harvest seems to be a...
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60 percent of the employees are committed towards their companies
According to a survey, 60 percent of the employees are committed towards their companies in Hungary, and do not plan to change jobs and perform beyond the expectations to fulfill...
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More than seven thousand packs of smuggled cigarettes were found in Zala
The finance guards of the National Tax and Customs Administration (NAV) found more than seven thousand packs of smuggled cigarettes (worth about eight million HUF) in three cars on the...
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Google and GE among the most active lobbyists in Brussels
Google and General Electric (GE) are some of the most active companies lobbying the European Commission, the Transparency International (TI) said on Wednesday. In a report analyzing meetings held by...
Read moreBrussels wants 1-percent growth in the size of grape plants
According to a new regulation by the European Commission, from 2016 until 2030 EU member states are allowed to increase the size of grape growing land by maximum 1 percent...
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Meat Association: the VAT reduction whitens the economy
The presidency of the Meat Association opines that reducing the VAT on meat to 5 percent can greatly contribute to cleansing the sector and fostering a fair market competition....
Read moreList of 2007-2014 agricultural subsidies
The Ministry of Agriculture and the rural development secretariat of the PM’s Office are preparing a list of the various subsidies granted to farmers in the 2007-2014 period. With the...
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Nielsen: Nearly half of the Hungarian consumers are open to new products
An average of 32 500 new products appear in the food retail every year and after twelve months about 8 thousand remain on the market – Barta Mónika, Senior Account...
Read moreSunday store closure: pros and cons about the number of the employees
The number of employees decreased by more than two thousand in trade and the number of overtime hours also jumped since the introduction of the Sunday store closure – the...
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Hungary is one of the largest net beneficiary of the EU's new budgetary cycle
Hungary is one of the largest net beneficiary of the European Union’s new budgetary cycle that lasts until 2020 – Szűcs Tamás, head of the European Commission’s Representation in Hungary...
Read moreThe Nébih did not find deficiencies at lemon beers
The National Food Chain Safety Office (Nébih) tested fifteen lemon beers and found no deficiencies during the two months-long on-site control of the 4 largest domestic breweries. According to the...
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New trading houses will open in the Carpathian Basin
The Hungarian government will expand the network of trading houses in the Carpathian Basin – the Minister of Foreign Affairs and Foreign Economic Relations announced in Budapest on Tuesday, at...
Read moreThe majority of the cherry from Nagykörű to be exported to Romania this year
Exports to neighboring countries increased significantly from the internationally renowned Nagykörű cherry this year, meanwhile the interest towards the West European markets declined – Veres Nándor, mayor of Nagykörű told...
Read moreThe MNB expects price increases and larger growth
The Monetary Council of the Magyar Nemzeti Bank, increased its expectations for GDP expansion by relation by 0.1 percentage points to 3.3 percent. The Hungarian National Bank (MNB) also increased...
Read moreSzekszárdi wines bottled with a uniform image
The bottling of the Szekszárdi wines with uniform appearance has begun. The first wines were the 2012 vintage kadarka wines of the Mészáros Winery that were filled into the wine...
Read moreDeloitte: Hungarian companies spend more and more on research and development
The business-related spendings on research and development (R & D) increased significantly in the 2010-2013 period. As a result, after nine years of stagnation of around 1 percent the proportional...
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