Market News

The soft drink manufacturers association keeps the restriction on energy drinks excessive

The Association of the Hungarian Soft Drink, Juice, Mineral Water Manufacturers believes that the law that limits the consumption of energy drinks by children is excessive – said Bikfalvi Istvánné,...

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The Milk Interprofessional Organization does not change its previous base price forecast

The presidency of the Milk Interprofessional Organization and Product Council decided to leave unchanged its previous 86 HUF base price forecast on its last meeting – the inter-professional organization told...

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KSH: 63 thousand more people have jobs than a year ago

In March-May 2012, the number of employees was 3 million 849 thousand, 63 thousand more than a year earlier. The labor market position of  men and women has improved almost...

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Registered watermelon producers can expect controls

Fazekas Sándor Rural Development Minister ordered the full control of registered watermelon growers from June 20. The control is intended to provide that only those primary producers can sell Hungarian...

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Spanish spring – shopping in Madrid

When my husband and I landed in Madrid it was only 15°C and the weather was changeable – the conditions were ideal to do a bit of shopping, which according...

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This year will not be a record year in agriculture

The fruits were decimated by the frost, grain by the drought, and much depends on the future development of the weather. It is certain: this year we can not expect...

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This year's grain will be marketed with reverse tax from July

The domestic grain, oilseeds and protein crops can be sold with reverse tax in 2012. The law will come into force on the 1st of July. The new system eliminates...

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Czerván György: harvest is going on, 4 million tons are expected from winter wheat

After the harvest of the winter barley, the harvest of the winter wheat has also started in the country. 4 million tons are expected similar amount as last year –...

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The number of insolvency proceedings increased significantly in the first quarter

The number of insolvency proceedings increased exceptionally, by 33 percent in the first quarter in Hungary, compared to the datas of the previous year – states the comparative analysis of...

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Food plays an important role in health care

Healthy Food in Health Care is a national initiative to encourage healthy & sustainable food purchasing in hospital cafeterias and patient meals. In Washington state, approximately 15 hospitals have signed...

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PwC: “Multi-channel shoppers' pose challenges to the retail sector

Retail stores have to completely re-interpret the concept and the role of the costumers in the sales process, due to the appearance of the new generation of consumers, the “multi-channel...

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European Food Aid after 2013

Important decisions have been taken at European level, at the end of 2011, to ensure the financing of the European Food Aid Programme till the end of 2013. But the...

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Nielsen measures the effect of TV advertising in four countries

Nielsen has started to measure the impact of television advertising on consumers beside the U.S. and Britain in Germany and in China – announced the company in New York on...

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The forecast of GKI Economic Research Co. for 2012

Hungary is lagging behind the EU in economic terms and is becoming isolated politically from the EU. According the latest figures GDP trends are the most unfavourable in Hungary following...

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Watermelon harvest started in South Békés

Watermelon harvest started in the south of Békés county. High-volume sales will begin in the first week of July on the domestic and export markets – Lipták László, company manager...

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The more than expected decline in retail sales surprised the analysts

Retail sales in April decreased much larger-than-expected – say analysts who expected a decline of over 1 percent in 2012. According to the Monday communication of the Central Statistical Office...

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KSH: April retail sales volume decreased

The volume of retail sales in April declined by 2.7 percent, compared to the same period of the previous year. The sales decrease of food, food related retail stores, petrol...

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Money or jobs?

According to the datas of Randstad Workmonitor, while more than half of the Spaniards or the Greeks would sacrifice a portion of their salary, only the third of the Hungarians...

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E-commerce: New digital platform

MyBank is the EBA Clearing solution that permits Internet payments to be made using one's current account in a simple and totally safe manner. This new payment instrument goes to...

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Excise tax on cigarettes may increase next year

On the basis of the 2013 budget proposal, excise tax on cigarettes may increase further next year. Although the draft of the budget calculates with 913.1 billion HUF revenue from...

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Profession.hu: many vacancies in the commercial sector

The companies are mostly seeking for engineers, IT professionals, accountants in the past six months, but there were many vacancies in the fields of customer services and commerce – the...

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GDP and consumption: Hungary is far below the EU average

Hungary’s per capita GDP in term of purchasing power parity is worse than in the Czech Republic or in Slovakia, and compared to Poland, the indicator is only a bit...

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GKI-Erste economic sentiment index stagnated in June

Following the plunge in May GKI-Erste economic sentiment index (adjusted for seasonal factors) was close to stagnation in June. According to the survey prepared by GKI with the sponsorship of...

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There is no strong animal husbandry without stong agriculture

There is no strong animal husbandry without stong agriculture. In this spirit, 2.6 billion HUF additional financing will be provided in next year's budget, in order to strengthen the pork...

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Hungary will finish the modernization of hen cages for time

Hungary finishes the modernization of hen cages until the July 31 deadline – the Ministry of Rural Development (VM) informed MTI. 14 EU member states including Hungary could not meet...

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World trade is declining for the second month

According to the datas of the Dutch CPB Economy Analysis Center, world trade declined in volume for the second consecutive month in April, due to the slowdown of global activity....

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New shopping mall opened in Siófok

The Sió Pláza entertainment and shopping center opened on Thursday in Siófok. The mall was built with a 5 billion HUF investment, implemented by the Sió Ingatlan Invest Kft., which...

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Fish stocking: Catfish spawns will be stocked in place of pikeperches into the Tisza-lake

The artificial pikeperch stocking of the Tisza-tavi Sporthorgász Közhasznú Nonprofit Kft. failed due to the unfavorable weather this year, but from catfish they will stock double volume to the reservoir....

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The Hungarian beer market increases again

The decline of the domestic beer market lasting since 2006 seems to be reversed: last year sales grew by 3.8 percent. The Association of Hungarian Brewers explains the good results...

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The EU does not like the Hungarian taxation of pálinka

The European Commission on Thursday called on Hungary to terminate the partial excise tax exemption of pálinka, ban the traditional hen cages as soon as possible and strongly requested to...

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