Market News

Billions could be saved with the production of domestic cultivar potatoes

According to the leader of the Keszthely-based  potato cultivar working group, if the domestic potatoe producers would turn to the breeding of domestic cultivated potatoes, the sector could save billions...

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Scotch whisky industry unaffected by recession

The whisky industry in Scotland, one of the most popular in the world, has not been affected by the economic downturn because of developing overseas markets, especially in India, China...

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The luxury goods market is changing in China

Chinese no more buy tired and worn luxury brands for thousands of dollars without thinking, but the segment in the country will surely continue to spin for many years only...

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American farmers feed cattle with sweets

The destructive dryness of the recent years made American cattle, sweet lover: due to the increased feed prices, more and more farmers find alternative in sweets. Mike Yoder, farmer who...

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VAT rate will increase to twenty percent in Serbia

From 1 October the rate of Value Added Tax will increase to 20 percent in Serbia, from the current 18 percent. The Serbian parliament decided beside the increase on Tuesday...

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The food price increase can reach seven percent within a few months

Up to 7 percent food price increases may come by the end of the year. According to the industry: without raising there is no future in the industry, and the...

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The domestic egg production covers only the three-quarters of the demand

A year ago, no one expected that the European Commission will carry out a decision within two months to ban the use of conventional cages – was said at the...

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The state will not buy a meat factory

The government has no plans to purchase state ownership to help meat companies in trouble – Budai Gyula. State Secretary of the Ministry of Rural Development told Magyar Nemzet. Budai...

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Boy, a skunk please!

A guest has asked for a living skunk at his hotel room, while others have requested coffins, dead roses or even a ghost. Metro magazin in Britain put together the...

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OKSZ: annual decline in retail sales can be 1-2 percent

The International Trade Association and the analyst of Savings Bank calculate with a 1-2 percent retail sales decline this year. According to the Ministry of National Economy, the sales decline...

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KSH: volume of retail sales declined by 2.6 percent in July

In July, the volume of retail sales declined by 2.6 percent, while in the first seven months of the year declined by 1.3 percent compared to the same period of...

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Domestic economic expectations remained pessimistic in September

GKI-Erste economic confidence index adjusted for seasonal effects has been essentially unchanged since May. A modest increase at the beginning of the year was followed by a fall in May,...

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The big supermarket chains are preparing to online market entry in Hungary

Hungary is lagging behind the neighboring countries in the field of e-commerce in connection with the online shops of the big chains. Among the reasons we can find mainly the...

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High feed prices cause difficulties to the livestock breeders in Zala county

Because of the high feed prices, the livestock breeders in Zala county are in a difficult situation. Another problem is that the price of the imported high-protein imported soybean increases,...

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Czech police found the sources of the toxic alcohol

Czech police found the sources of the toxic alcohol. The Czech police initated prosecution procceedings against two person who are the main suspects in the case – Martin Cervícek national...

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German business sentiment deteriorated further

Business sentiment is deteriorating for five months in Germany – announced the Munich-based ifo Economic Research Institute. In contrast with market expectations, the German business confidence index has not improved,...

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Action began to increase the bucket sales of Hungarian apple

Fazekas Sándor Rural Development Minister, Mártonffy Béla, president of FruitVeB and Dominique Ducoux, CEO of Auchan Magyarország Kft. jointly promoted the bucket sales of Hungarian apples in a department store...

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Nielsen: the sales of nonprescription drugs and medicinal products increased by seven percent

Retail reached 7 percent more in case of non-prescription and non-prescription drugs and medicinal products in the first half of this year, compared to the same period of last year....

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Beer survives nuclear strike

A Cold War-era study was found recently, prepared by the U.S. Army. The documents were discovered by Alex Wellerstein of Restricted Data. The documents show that the American researchers were...

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Magro.hu: online product sales in agriculture

The datas of Magro.hu market researcher show that there is a considerable layer in agriculture, who choose internet trading to sell crops. It is an interesting fact when market disorders...

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KSH: cereal grains – growing area, decreasing yield

This year’s cereal grain yield was 2 percent less, than in last year. 5.5 million tons was planted on an eight percent more area, compared to the results of the...

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The Fórum calls for VAT reduction on the basis of the study by Ernst&Young

According to a recent study published in Hungary, the large-scale VAT fraud in connection with basic food products paralyzes the industry and deprives the budget from a more than 128...

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Dairy Product Board: reverse VAT is not an alternative to VAT rate cut

The Milk Interprofessional Organization and Marketing Board does not consider the application of reverse VAT in agriculture and in the food industry as a good solution, since it is not...

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The poultry industry is facing misbelief

The 2012 poultry campaign of the Hungarian National Tourist Office and the General Directorate of Agricultural Marketing Center (AMC) began on 1 September. “Our goal is to strenghten confidence in...

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MLSZKSZ: Hungary’s logistics competitiveness is in threat

According to the resolution of the Hungarian Association of Logistics Service Centres (MLSZKSZ) the targeted logistics sector development is essential to strengthen and retain Hungary’s competitiveness in the region. The...

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Hungarian paprika is still popular

Hungarian paprika producers could have excellent opportunities, but industry sources, easier application possibilities would be required and the range of goods should be increased as well – Fodor Zoltán, Executive...

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France would limit the utilization of biofuels

France will call international and European forums to limit the utilization of biofuels, due to the increasingly rising grain prices – competent cabinet spokesman said on Wednesday. The French government...

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The Nébih tests the imported wine products

The National Food Chain Safety Office (Nébih) tests the imported wine products especially from 17 September. The organization presents in its communication on Monday, that the volume of the grapes...

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The Czech methyl alcohol does not poisons in Hungary, but the NÉBIH controls increasingly

The Czech authorities informed the Member States via the rapid alert system on feed and food safety (RASFF) that unknown toxic methyl alcohol alcoholic beverages have been marketed. The counterfeit...

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Business sentiment improved in Europe's largest economy

In September, business sentiment improved in Germany, after four months – shows the datas of the ZEW economic research institute, published on Tuesday. The next half-year expectations index has improved...

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