Market News
KSH: inflation was 1.8 percent in May
Date: 2013-06-11 12:35:19
The inflation was 1.8 percent in May which is lower than the expectations of the analysts. Compared to the previous month, consumer prices fell by 0.1 percent – the Central...
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To much rain harms the grain, however, it is good for the potatoes
Date: 2013-06-11 12:20:57
“The flood itself in terms of the agricultural sector as a whole does not cause significant damages, the flooded arable land is expected to remain below 50 hectares”- Vancsura József,...
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The draft of the advertisement tax is under preparation
Date: 2013-06-11 11:55:42
Several dailies are reporting on the draft of the advertisement tax in their Tuesday issues. Several dailies are reporting on the draft of the advertisement tax in their Tuesday issues....
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VOSZ: no jobs without investments
Date: 2013-06-11 11:54:29
There are no jobs without investments, but to increase investments an atmosphere of trust is needed – Dávid Ferenc Secretary-General of the National Association of Entrepreneurs and Employers (VOSZ) told...
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Tobacco peace under formation
Date: 2013-06-11 11:53:51
The final refinements are carried out on the joint memorandum of the cooperation, which was prepared by the National Tobacco Trade Office (NDN) Ltd.. The document will likely be signed...
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Sand contaminated soybean was imported into the domestic market
Date: 2013-06-11 11:00:08
Authorities initiated procceedings, due to the fact that sand contaminated imported soybean meal appeared on the domestic market. According to users the soybean meal items include 5-20 percent sand, that...
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Two-month delay for the replacement of cash registers
Date: 2013-06-10 12:30:10
Varga Mihály, Minister for Economic Affairs recommends the Government to consider the extention of the deadline in connection with the exchange of cash registers with two months. He suggests 1...
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The role of local products continues to grow
Date: 2013-06-10 11:55:40
According to V. Németh Zsolt Minister of State for Rural Development, the role of local products continues to grow in the future in the food industry, therefore the government considers...
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Who can use the Hungarian product logo?
Date: 2013-06-10 11:48:33
The number of logos, indicating Hungarian origin or product may be reduced from the autumn on the domestic food market – Népszabadság Online wrote. The government last year adopted a...
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Higher import strawberry prices than last year
Date: 2013-06-10 11:40:28
This year, the import strawberries offered at a ten percent higher wholesale price than last year, while in the same period, merchant paid 2 percent less for Hungarian strawberries at...
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Flood makes milk more expensive in Germany
Date: 2013-06-10 11:05:03
Currently about 250 thousand hectares of agricultural land is under water in Germany. About 15 thousand plants are struggling with flooding. The flood causes about 250 million euros damage to...
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Melon production increased
Date: 2013-06-10 09:59:51
Melon production mood increased among the farmers in South Békés and experiences are similar nationally: the land expansion exceeds ten percent – Simonka György, ministerial commissioner, responsible for the promotion...
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Greenpeace: bees dying due to hazardous chemicals
Date: 2013-06-10 09:00:23
Greenpeace asks Rural Development Minister Fazekas Sándor for an immediate ban on chemicals hazardous to bees – the environment protection organization announced on Monday. On 16 January, the European Food...
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Analysts: better-than-expected increase in industrial production and foreign trade surplus in April
Date: 2013-06-07 12:00:55
According to analysts surveyed by MTI, the industrial production expanded stronger than expected and foreign trade indicators also improved. According to the preliminary datas of the Central Statistical Office (KSH)...
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Never seen separate waste collection success
Date: 2013-06-07 11:10:22
More than ever, a total of 125 tons of beverage cartons were collected by kindergarten and -school-aged children, in the scope of the environmental program of the Beverage Carton Environment...
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Analysts say that agriculture has a key importance in terms of growth
Date: 2013-06-06 12:20:36
According to Buda-Cash and Raiffeisen analysts, this year's economic growth hihly depends on the performance of agriculture. The analysts believe that to reach long-term growth track an investment revolution would...
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FAO: higher food prices to come in the forthcoming years
Date: 2013-06-06 12:11:43
Consumers can expect globally higher food prices in the next ten years. The UN reports that due to the increase of the population and higher incomes demand will grow in...
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Comprehensive monitoring due to GMO suspicion
Date: 2013-06-06 12:02:04
Comprehensive seed and crop monitoring was initiated by the Minister for Rural Development, due to the suspicion that genetically modified corn seeds have arrived to Hungary illegally, through the eastern...
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Nébih: food safety tips during flooding
Date: 2013-06-06 11:55:48
The contamination of food products during floods has high public health risk – the National Food Chain Safety Office (Nébih) calls attention. According to the communication of the Food Chain...
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The sales of smartphones increase by nearly one-third this year
Date: 2013-06-06 11:50:55
The world market turnover of smartphones increases by nearly one-third this year, thanks to the price decline and due to the rapid demand growth of the emerging regions, and exceeds...
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KSH: the volume of retail sales increased in April by 3.4 percent
Date: 2013-06-05 12:20:17
On the basis of the calendary effect adjusted datas, the volume of retail sales in April increased by 3.4 percent, compared with a year earlier – the Central Statistics Office...
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Retail sales grew beyond the expectations of experts
Date: 2013-06-05 12:12:06
April retail sales growth have surpassed the expectations. According to experts annual growth can exceed last year's sales. According to the communication of the Central Statistics Office (KSH) released on...
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GfK: the Hungarian market has a huge potential for the direct banks
Date: 2013-06-05 11:55:03
Although the Hungarian banking market has not yet going toward the direction of the direct business model, based on foreign experience it is only a matter of time that the...
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Magazin: Every fourth forint spent on groceries goes to private labels
Date: 2013-06-05 11:44:46
From total domestic grocery retail sales the value share of private label products grew to 25 percent in 2012 from the 24 percent of 2011. As regards volume sales, their...
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Coface: deterioration in the region's solvency
Date: 2013-06-05 11:22:59
After the improvement of 2011, the economic environment in the Central and Eastern European region became less favorable last year. Insolvency index increased everywhere except Latvia, Estonia and Ukraine –...
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Experts expect high cereal and corn crop for this year
Date: 2013-06-05 11:22:17
Cereal crops are in a very good condition on the fields. This year’s yield can far exceed the average of the last five years. This is true in the case...
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China may levy punitive toll on European wines
Date: 2013-06-05 11:10:09
China launched the investigation a day after the EU imposed anti-dumping levies on Chinese solar panel imports. Dumping refers to firms selling goods below their fair value, which the EU...
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EU retail sales momentum has been broken
Date: 2013-06-05 10:20:32
The momentum of retail sales broke in the European Union in February. According to the figures of Eurostat published on Friday sales volume declined by 0.3 percent in the euro...
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Positive discrimnation for Balaton-wines
Date: 2013-06-05 09:48:03
The two most famous winemakers’ association of the lake have announced a campaign entitled “Balaton wines to the Lake Balaton!” They want to achieve that the lake-shore restaurants, hotels to...
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The decline in retail sales accelerated
Date: 2013-06-05 09:40:42
The decline in retail sales in February accelerated in the Czech Republic. While in January the decline was 0.5 percent on an annual basis, it was 1.7 percent in February...
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