Market News

GM crops: still no EU compromise

The EU member states still not reached a compromise about the proposal, which would allow that individual Member States to decide to gave permission, or to ban the production of...

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Stores and the authorities to join forces against rodents

The Agricultural Office (MgSzH) and the National Public Health Chief Medical Office (OTH) developed a joint program in order to fight off of rodents. The forthcoming inspections will include the...

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Winemaker face new challenges due to the climate change

Due to effects of global warming, sugar content of wine is increasing. The team of the French scientific research institute the INRA therefore developed a method, that allows to reduce...

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The Hungarian medicinal and aromatic herbs industry is looking for opportunities

Medicinal and aromatic herbs are cultivated on about 18 thousand hectares in Hungary, contrary to the 37 – 42 thousand hectares of the 1990s –  said Mártonffy Béla, Chairman of...

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Magazine: Easter ham consumption: a shift towards quality products

There are two mains seasons for selling smoked meat and smoked-cooked meat: one is in March-April and the other is in November-December. In these periods consumption is 3-4 times bigger...

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Retail food sales in Hungary rose 5% in value terms

Retail food sales in Hungary rose 5% in value terms in the twelve months to last January from the previous twelve-month period, market research company Nielsen published in its new...

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Salt counterfeiting may reduce the foreign demand for Polish food products

The Polish food industry worries about the reduction of foreign demand, because Czech and Slovak food producer chambers called for a boycott of Polish products, due to widespread counterfeiting of...

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The fish population of the Lake Tisza will be enriched by native carps

The Lake Tisza Sport Fishing Non-Profit Ltd. provides the carp resupply, with the propagation of native carps – announced the company's managing director at a press conference in Tiszafüred-Örvény on...

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Hungary seeks for the full utilization of EU funds

Hungary seeks to reach the one hundred percent utilization of EU funds, even though the economic crisis has slowed the progress of the programs – told the National Development Agency...

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Colliers: retail area barely expands this year

According to the latest retail market report of the Hungarian office of Colliers International, domestic demand has not changed appreciably during year 2011. The retail sales stagnated between January and...

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The weak industrial production data of January surprised the analysts

Analysts are surprised by the weak industrial production data for January, because they expected higher production levels, and although they can not see clearly all processes, they consider that this...

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Ministry of Rural Development: support to the dairy farmers and rice growers

The Ministry of Rural Development (VM) announces again this year the support for dairy farmers to manage their specific disadvantages, and introduces the special rice support. With the total of...

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Women earn one-fifth less than men

In Hungary, women earn 21 percent less than men on average – shows the latest online salary  survey of fizetesek.hu, operated by the Workania job portal. The company told MTI...

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The Good CSR program is the supporter of the WWF Danube-protection program

The community of responsible companies, the Good CSR program has been renewed. Thanks to the conversion, beside the colorful and meaningful program elements, the member companies jointly support the WWF...

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German industrial orders decreased by 2.7 percent in January

German industrial orders decreased by 2.7 percent in January, calendary and seasonally adjusted, after the 1.6 percent increase of December – the German economy ministry announced on Wednesday. Analysts expected...

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Magazine: Price reductions and promotions are most sought for by women

GfK Hungária Shopping Monitor 2011–2012 shows that shopper expectations about stores change both per demographic group and with time. For many years customers have been mentioning product quality and freshness,...

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The Czechs still like to purchase abroad

More than a quarter of the Czechs regularly goes shopping abroad. The Czechs buy mostly clothing, food and consumer electronic goods in the neighboring countries, in Poland, Germany and Austria...

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UN expert calls for junk food tax

Unhealthy snacks and soft drinks should be taxed to fight bad eating habits in rich countries, the United Nations’ chief nutrition expert said in a report on Tuesday. At the...

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Magazine: Energy drink distributors chose the price war

Despite the government’s decision to impose a public health product fee (NETA), the price of energy drinks did not increase yet. Instead a fierce market competition, a price war started...

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KSH: last year’s GDP was 4 percent smaller than in 2008

According to the joint flash estimate of KSH and Ecostat, Hungary's gross domestic product (GDP) rose by 1.7 percent in 2011, but despite the growth, the performance of the economy...

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Long-term egg shortage to come?

Eggs can be twice as expensive this year’s Easter than a year ago. No matter how incredible it is, Hungarians should prepare for a long-term egg shortage in Hungary, the...

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Agriculture is the Engine of Investments

Agricultural investments rose significantly by 11.7 percent in 2011. Investment in the processing and food industries also increased by more than 24 percent. The increasing willingness to invest is due...

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Video Purchasing to start in China

From the next week, the Chinese customers can purchase by clicking on products in videos at the largest virtual market place. The e-commerce market leader, the Alibaba Group introduces a...

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One million dollars to anyone who serves the artificial grilled chicken first

Special dishes will be served June this year at an unusual food competition in Washington, where the chefs this time will be physiologists and biologists, while the grand prize will...

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Sheep and beef cattle breeding support program was launched

Ruminant restructuring program was launched. The new scheme is expected to affect 12 thousand farmers – mainly sheep and beef cattle breeders – who can claim for a total of...

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Food Safety – 13.6 million HUF fines in Veszprém county last year

13.6 million HUF food chain surveillance and food inspection fines were imposed by the Food Chain and Animal Health Directorate of the Veszprém County Government in 2011 –Székelyhídi László, the...

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Volume of retail trade up by 0.3% in euro area

In January 2012 compared with December 2011, the volume of retail trade1 grew by 0.3% in the euro area2 (EA17) and by 0.4% in the EU272. In December3 retail trade...

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Cattle Exports to Turkey Resume

According to information received by the relevant Hungarian authority, Turkey is to revoke its ban on livestock imports from Hungary. The Turkish party has accepted the Hungarian authority's package of...

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GKI: Another about-face?

Three and a half months after the announcement of the resumption of contacts with the IMF no agreement has been reached, not even about the opening of official negotiations. Hungary’s...

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Hard times for the U.S. shopping centers

The shopping centers once were the centers of retail shopping, now they became the memorials of the “ancient” consumer habits. They already had some problems previously, but these days the...

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