Market News

Kalocsai paprika powder under EU protection

The European Commission registered the “Kalocsai paprika powder” into the register of protected designations and protected geographical indications on July 3 – the Ministry of Rural Development (VM) told MTI...

Read more

Low-quality food distributors may be sentenced to several years in prison

Those who will distribute low-quality, unhealthy or false food will risk even several years of  sentence from January 1 next year – when the new Criminal Code will enter into...

Read more

The Hungarian Prison Service joins to the “Start” work model program

The Annamajori Kft., the Baracska-based farm of the Hungarian Prison Service delivers about 22 thousand chickens to forty municipalities nationwide from Friday. The Annamajori Kft., has joined to the “Start”...

Read more

The most ice cream in Italy is consumed in Rome

Rome leads the list of Italian cities of artisan ice cream consumption with an annual 19 kilograms per person. In Rome an annual six or seven kilograms ice cream is...

Read more

The genome of melon was decoded by Spaniards

In the scope of the cooperation of nine Spanish research centers the complete description of melon’s genome is ready. Seven melon versions were introduced to the genetic analysis, the researchers...

Read more

Bike mall to be built in Csepel

Indotek Group will start the construction of the on ten thousand square meters Pedál Market for byciclists in the beginning of 2013 on the area of the former Csepel Metal...

Read more

Workplace Protecting Plan – positive impact is expected in trade

According to experts, the costs of wages are the biggest in trade, so the Prime Minister's package of measures announced on Monday can be beneficial. Prime Minister Orbán Viktor announced...

Read more

OTP launches a one hundred billion HUF investment loan program

OTP Bank launches a one hundred billion HUF investment loan application its corporate clients. One priority of the program is to finance manufacturing, agricultural and food investments, that are planned...

Read more

Policy Agenda: improving SME sector expectations

The expectations of the Hungarian small and medium-sized enterprise sector continued to improve in the second quarter, however the leaders of the companies still not expect a significant change in...

Read more

Ten percent of the wheat was already harvested in Vas county

On the 40 thousand hectare wheat field, 10 percent of the crop was already harvested in Vas county. Experience has shown that there will be no problems with the amount...

Read more

Annually 200 million Chinese get sick from contaminated food

The Chinese leadership promises to improve food security –the Renmin Ribao central party newspaper wrote on Wednesday. The government has promised the introduction of a more effective regulatory system and...

Read more

Tokaji wineries were debuted in Russia

Eight Tokaji wineries were presented themselves in Moscow on Thursday. The audience of the event was mainly consisted of Moscow-based Russian wholesale chains, and the largest buyers, but many representatives...

Read more

Retail sales of the EU and the euro area increased in May

In May, retail sales increased in both in the 17-member euro zone and in the 27-member EU – the European Union's statistical office the Eurostat announced on Wednesday. In May,...

Read more

Corn prices increase in the heat

Due to the hot days, maize and sunflower have significantly deteriorated in recent days. The assessment of damages has already started. The great drought and the almost African heat destroyed...

Read more

Sommelier as the hero of a comic

The first wine manga, entitled “Tears of the Gods” was created by Shin and Yuko Kibayashi – informs the Borkultusz. Its main character, Shizuku Kanzaki is a sommelier, who has...

Read more

The world's most expensive peaches were stolen in China

Three men stole invaluable peaches from a state research farm in China. Scientists have worked for 13 years, crossing different varieties to refine the perfect peach. Three villagers – presumably...

Read more

Global retail chains are expanding in the largest developing countries

The largest developing countries, especially the BRIC group (Brazil, Russia, India and China) remain the most attractive expanding destinations for the global retail networks, while Hungary is not among the...

Read more

GfK: Consumer confidence improved slightly

Consumer confidence improved slightly in Hungary in the second quarter, compared to the previous quarter, but still not reached the level of of 2011 or 2010 – shows the latest...

Read more

Hungary can get about 1,300 million euros from the CAP per year

An all-day conference is being held at the Ministry of Rural Development about the reforms of the CAP, namely the Common Agricultural Policy. In 2014 a new, seven-year budget period...

Read more

Foreign trade turnover is on last year's level

In the first four months of 2012, the volume of exports was 0.7 percent higher than in the same period of the last year, while the volume of imports decreased...

Read more

VM: the number of payable administrative service fees will decrease

The system of administrative service fees will become more transparent, more consistent and more simplified The number of payable administrative service fees will decrease to 900 from 2500 in August...

Read more

Retail transaction tax can take tens of billions

The transaction tax can take approximately the same amount in retail that the crisis tax did. The crisis tax will be eliminated this year. Although the Orbán-Cabinet has kept its...

Read more

Eastern opening with the organization of the trading houses

Domestic and foreign banks would be in the organization of the trading houses, that would improve the development of the Eastern economic relations; the Eximbank would be the partner on...

Read more

VM: the government supports the strengthening of producer organizations

EU's new Common Agricultural Policy and the National Rural Strategy both encourage the strengthening of  producers' cooperations and cooperatives. The VM (Ministry of Rural Development) increased the national support for...

Read more

The success of agriculture is mainly affected by the availability of EU funds

“This year’s outlooks for the Hungarian agriculture will seem to be good this year, similar to last Year’s performance. On the basis of our survey, carried out among domestic SMEs...

Read more

ADNS against counterfeiting

It is estimated that approximately 10 percent of the Hungarian trade turnover comes from counterfeiting, which means several hundred billion HUF loss of revenues for the budget. The damage caused...

Read more

The sales of food-stores increased by 6 percent in value, declined by 1 percent in quantity

Food retail sales rose by 6 percent in value and decreased by 1 percent in quantity in the last six months, between December 2011 and May 2012, compared to the...

Read more

The weak forint mitigated the decline of pork exports

Most of the pigs were transported to Slovakia and Romania in this year's first quarter. The report of the Central Statistical Office (KSH) shows that 17 percent more Hungarian pigs...

Read more

We stand an average six minutes in queues

The members of the Mystery Shopping Providers Association (MSPA) conducted a Europe-wide survey about the queuing habits of the different countries. On the basis of the results of the research,...

Read more

More and more farmers' market in the country

The number of farmers' markets is growing from week to week in Hungary, because the government simplified the opening of these kind of stores. One only need to notify the...

Read more
Oldal