Market News

KSH: nearly 5 percent exports increase in euros

Exports increased in euros by 4.6 percent, imports rose by 4.0 percent in July compared to a year earlier – the Central Statistical Office (KSH) announced on Thursday. Due to...

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Melon case – The government has approved the report of the Ministry of Rural Development

There has been no cartel agreement protecting the melon growers – states the report of the Ministry of Rural Development, which was adopted by the government – the ministry told...

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Finance guards seized more than 300 thousand eggs

The finance guards of the National Tax and Customs Office (NAV) seized more than 300 thousand unmarked eggs – the organization told MTI on Thursday. According to the communication, the...

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European Court of Justice: the wine cannot be advertised with the indication it can be “easy to digest”

The wine cannot be advertised with the indication it can be “easy to digest”, because such a  sign indicates a reduced acidity, it can be considered as a statement of...

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GfK: In 2011, two-thirds of the households have purchased wine

Last year, two-thirds of the households purchased wine with some regularity. Most people prefer the red variety, and more and more people are discovering the rosé. Primarily consumers by wine...

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Euro area’s retail sales have declined

In July, retail sales volume  fell in the euro area on monthly and on annual levels – said  EU's statistical office the Eurostat announced on Wednesday. Retail sales on a...

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Hungary slipped back in the rankings of global competitiveness

Switzerland leads the Global Competitiveness Ranking of the World Economic Forum for the fourth year, Hungary slipped back from the previous year's 48th place to the 60th – shows the...

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The EU support of tobacco growers can remain

The EU support of tobacco growers can remain, so the Hungarian Tobacco industry will receive the about 7 billion HUF next year – said Glattfelder Béla Fidesz MEP on Tuesday....

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The rate of alcohol consumption depends on the shape of the glass

The shape of your glass is probably the last thing on your mind when you are down the pub. However, researchers at the University of Bristol believe the shape of...

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GKI: Keeping the wrong direction

Since the government does not want to introduce changes in its economic policy, the conclusion of the agreement with the IMF is not possible, and thus investors’ confidence necessary to...

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This year's Hungarian Quality Product Awards were handed over

The Hungarian Quality Product Award ® recognitions were handed over for the 15th time. This year more than ever, a total of 58 tenders of 53 applicants received this prestigous...

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The harvest of maize started earlier

Compared to the previous years, maize harvest began two weeks earlier in Békés county. The average yield per hectare is between 3.6 to 3.7 tons. Veres Vilmos, leader of the...

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Industrial producer prices up by 0.4% in both euro area and EU27

In July 2012, compared with June 2012, the industrial producer price index1 rose by 0.4% in both the euro area2 (EA17) and the EU272. In June3 prices fell by 0.5%...

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KSH: the volume of exports increased by more than 9 percent in June

The foreign trade turnover also expanded in June. The volume of imports by 9.3 the volume of exports increaserd by 4.0 percent compared to a year earlier – the Central...

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Less companies go for cafeteria-packages

Following a stagnation of the previous three months, the amount of companies offering a set of fringe benefits have declined. In the coming year the domestic SMEs is less than...

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The manufactoring of plastics can bring a new sugar factory

The Rural Development Ministry is thinking about the production of environmentally friendly plasic made ​​of polylactic acid. The idea can boost the production of sugar beet and can generate the...

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The food price increase reaches Slovakia

Because crop failures caused by the drought and due to world market price increases a significant food price increases can be expected in Slovakia in the next few months –...

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KSH: investments continued to decline

In this year's second quarter, the volume of national economy investments fell by 5.9 percent compared to the same period of last year – announced the Central Statistical Office (KSH)...

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Mountain villages: two million hectoliters of wine is expected this year

Around two million hectoliters of wine production is expected this year in Hungary, compared to the 2.5 million hectoliters of the past year – said Horváth Csaba, Secretary-General of the...

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German retail sales decreased

Contrary to the expectations of the retail sales fell in July in Germany. According to the figures, published by the statistics office, In July the Germans bought 0.9 percent less...

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Tokaj and Sonoma will be sister towns in memory of the Hungarian founder of the Californian winery

The sister town agreement was signed by Joanne Bouldt Sanders mayor of Sonoma City and by Májer János mayor of Tokaj. Tokaj and Sonoma established sister town relationship on the...

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Buy a camera on Monday, go to restaurant on Tuesday

Everything has its own time, in fact its own days: one can buy cameras on Mondays for the least money, Tuesday is the cheapest day in restaurant – states the...

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Coffee can protect from intestinal cancer

Coffee consumption can reduce the risk of intestinal cancer by 15-25 percent of – quotes The Daily Telegraph newspaper, referring to the datas of U.S. researchers. A study of almost...

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Biofuels lead to a new kind of foodcrisis?

The role of biofuel policies in the food-price hikes has become particularly controversial. The rapid increase in demand for and production of biofuels, particularly bioethanol from maize and sugarcane, has...

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Commission welcomes plans to improve situation for people who bought property on Spanish coast

European Commission Vice-President Viviane Reding, the EU's Justice Commissioner, welcomed an announcement by Spain that that it intends to improve legal certainty for property owners along the Spanish coast which...

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Grain harvest may be less than expected

Russia’s two largest market research institutes significantly impaired  this year's Russian wheat and cereal harvest forecasts on Monday. The SovEcon impaired its forecast of grain harvest from 70 – 74...

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Moody's: Euro-area crisis still poses greatest risk to global outlook

The global economic recovery is at risk of faltering due to the euro-zone debt crisis, Moody's Investors Service Inc. said in its latest macro-economic risk report. The rating company said...

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Competition Authority initated proceeding in melon case

The Hungarian Competition Authority (GVH) initated proceedings against a number of  domestic commercial chains, because they assume that they violated the prohibition of restrictive agreements in case of watermelon sales...

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MVH: support to create agricultural producer groups

The Agricultural and Rural Development Agency (MVH) starts the payment in the coming weeks for the support of about 568 million HUF in the scope of the establishment and operation...

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Economic sentiment further deteriorated in the euro zone

The business and consumer sentiment in the euro zone was worse-than-expected and decreased in August, – shows the datas of the European Commission, released on Thursday. This is the fifth...

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