Market News

Humans produce 300 million tons of meat every year

The human kind’s “hunger for meat”has reached a record high level – a  German report states. According to the reports, the consumption rate of beef, pork and poultry meat products...

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The price of poultry products may increase by 10 percent in the spring

According to the informations of the Magyar Hírlap, an annual 40-50 million chickens are slaughtered illegally in Hungary. In March a 10 percent increase may occur in the price of...

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Several countries have joined to the action against the Four Paws

The European Fatty Liver Association is exploring the possibility of how to act together against the Four Paws. The organization's actions caused losses to consumers, so senseless animal protection must...

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Slovakia prepares to introduce the “VAT Lottery”

The Slovak Finance Ministry plans to launch”VAT Lottery” later this year. The ministry would like to increase the VAT income of the state – Bratislava Pravda reported on Friday. According...

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Wine culture center opens in Tokaj- Hegyalja

The Basilicus Szőlőbirtok opens a Wine culture center in the first half of this year in Tokaj- Hegyalja. The facility aims to present the past and present of the historical...

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Food price increase may slow

Usually the year starts with a drop in prices. But the food prices fall lasted only for a week. In the second week of January prices became higher. According to...

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China buys wheat from America again

China buys wheat from the United States and from Canada again after domestic product prices have risen to a record high level, while wheat prices on the global markets became...

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GfK: Consumer sentiment has improved slightly

The value of GfK Hungária’s Complex Consumer Confidence Index as well as the value of  its Propensity to Buy Index increased slightly in the last quarter of 2012, while the...

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Analysts: foreign trade surplus remains high

Due to the low domestic demand, foreign trade surplus remains high this year – analysts told MTI. According to the preliminary datas of the Central Statistics Office (KSH) published on...

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KIK: the school milk program continues in the public schools

This year, the school milk program continues in the educational institutions, operated by the state – the Klebelsberg Intézményfenntartó Központ (KIK) (Klebelsberg Institution Maintenance Center) told MTI on Wednesday. As...

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Cooperation in order to develop the Chinese-Hungarian economic relations

The National Foreign Trade Office (HITA) and the Hungarian-Chinese Chamber of Commerce (ChinaCham Hungary) signed an agreement on January 8. The HITA  and the ChinaCham Hungary wants to help the...

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The tobacco industry will nor recover from EU's proposed new tightening measures, says a German weekly newspaper

The European Commission's recently announced anti-smoking measures influenced real bad by the tobacco industry and will hardly to be able to recover from the shock of December – Der Spiegel...

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Oregon beer lover makes brew for dogs: Dawg Grog

An Oregon man who loves beer and loves his dog has concocted some hooch for the pooch. Daniel Keeton works at Bend's Boneyard Brewery tasting room and calls his canine...

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Budai Gyula: no reason to combine meat plants

The domestic meat plants have their own products, brands and markets, so it is not appropriate that the state-municipally owned companies to deliver closer cooperation – Budai Gyula Minister of...

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Magazine: Gift trends and POPAI awards

Business and promotional gifts were on the agenda of the year’s last Trade Marketing Club meeting that took place in the BKIK building. One of the club’s founders Zsuzsanna Hermann...

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Hungary is unlikely to help the Russian grain shortage

It is unlikely that Hungary can win on the grain shortage in Russia. The Russian animal farmers have to buy 1.5 million tons of feed grain, because last year’s crop...

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EU retail turnover decreased on an annual basis

On a monthly comparision the volume of retail turnover increased compared to the previous year in November 2012 in the eurozone and in the EU – Eurostat announced on Tuesday....

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Randstad: eight out of ten Hungarians are preparing for recession

In Hungary, 78 percent of workers expect a further worsening of the economic situation – shows the survey of Randstad labor market service provider. The survey also shows that after...

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London analysts: the November industrial production data forecasts a deepening recession

The Hungarian industrial production datas of November, suggest that in the fourth quarter of last year the Hungarian economy’s recession  has continued to deepen the, however, this year, the automotive...

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The Carpathian Region Business Network has expanded with a new office

The development office of the Carpathian Region Business Network was opened on Tuesday in Dunaszerdahely. At the opening ceremony, Szatmáry Kristóf Minister of State at the National Economy Ministry responsible...

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Food inspecting is on

The consumer protection actions before the holidays will be announced. Locked vegetable shipments, several tons of destroyed potatoes, beet coming from Germany, but sold with Hungarian tricolor, Polish eggs with...

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The meat industrial bomb is still ticking

According to the plans announced on Monday in Gyula, a local governmental-owned meat company will be formed, that will purchase the bankrupt and beyond redemption Gyulai Húskombinát’s assets and can...

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Ipsos: Money, That’s What I Want

Ipsos Open Thinking Exchange (Ipsos OTX) and Ipsos Global @dvisor are pleased to share the latest proprietary global infographic and commentary on the trends and behaviors that define people’s lives...

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Workania: 12 percent of the workers received 13th monthly wage

The proportion of Hungarian workers who received 13th monthly wage decreased from 14 percent (2011 data) to 12 percent last year – shows the most recent survey of fizetesek.hu operated...

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The direct sales of processed products have become increasingly popular in villages

According to the Young Farmers Association, villagers have returned to livestock, after the regulation of the direct sales of processed products became softer. The affected farmers need to use stricter...

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The Slovak economy almost caught up with the performance of the Czech Republic

Twenty years after the establishment of the Slovak Republic, at end of last year, the performance of the Slovak economy almost caught up with the performance of the Czech economy...

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The Italians do not purchase even during winter price reductions

Italian households purchase the half the amount during winter price reductions as the economic crisis began. Experts say the government's austerity measures have led to a reduction in consumption. According...

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Magazine: Canned fish: swimming upstream

Although fish consumption in Hungary is still way below the European average, the slow conquest of health trends had a favourable effect on fish and canned fish sales in the...

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Global survey about how FMCG-customers get information about certain products

Twenty-nine percent of Hungarian customers get information of food and beverages at the venue of the purchase, while another 21 percent finds out useful stuff about sales via friends, family...

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Troubled meat plants would be saved from billions of forints

According to the informations of Magyar Nemzet, approximately five and a half billion forints would be spent by the affected municipalities to the recapitalization of the meat plants of Kaposvár,...

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