Market News

“Alföldi kamillavirágzat” Wild Camomile Flower granted EU Protection

he European Commission has registered the name “Alföldi kamillavirágzat”, and given it “protected designation of origin” (PDO) status. The Commission registry currently includes more than 1000 officially protected denominations. One...

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KSH: declining domestic freight, stagnant passenger traffic

The volume of domestic freight, decreased by 11 percent its performance by 6 percent last year, which was offset by the 5 percent growth of international freight and its 3...

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The companies’ turnover in the Western Transdanubia on pre-crisis level

The turnover of firms operating in the Western Transdanubian region have increased to pre-crisis levels on the basis of last year’s VAT – said Varga Lászlóné, Regional Director General of...

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GKI-Erste economic sentiment index rose to its last autumn level

In February, the GKI-Erste economic sentiment index adjusted for seasonal effects rose to its last autumn level following a continuous decline of almost one year. According to the empirical survey...

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Stabilized retail turnover

According to the National Trade Association (OKSZ); despite the difficulties, retail trade improved in 2011. The National Economy Ministry (NGM) believes that it is beneficial that after four years of...

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Loss occurred at the banks for the end of the year

Due to the end repayments and deteriorating loan portfolio the banks closed the last quarter with a 150 billion HUF loss. After thirteen years the Hungarian banking system made loss...

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Magazine: Sales of all non-alcoholic beverages elevated

In December 2010-September 2011 retail’s revenue from selling carbonated soft drinks, mineral water, fruit juice and ice tea amounted to nearly HUF 130 billion. Sales were up 3 percent from...

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The Kremlin Award vodka will be the star of Russian state events

The premium category vodka was presented at the food fair in Moscow recently. The Vodka’s specialty lies not in its taste or aroma its status is the most interesting. The...

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EU pig prices remain high during 2011

European finished pig prices remained at a high level through the second half of 2011. Normally, prices fall during the autumn before recovering slightly in the run up to Christmas....

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Magazine: Only the hair dye market was able to grow

Hair care product sales are highly concentrated as drugstores and hypermarkets realise the majority of sales. According to the Nielsen Retail Index, manufacturer brands are in a rather favourable position:...

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GfK: Worsening economic forecasts cause uncertainty among European consumers

New rescue packages, uncertainty about further developments in Greece, Italy and France and the prospects of poorer economic development in 2012 are all heightening the anxiety of European consumers. This...

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Economic forecast: GDP will stagnate in the EU a slight fall will occur in the euro area this year

The real value of the GDP in the EU 27 will stagnate this year, in the Euro Area containing 17 EU Member States a 0.3 percent drop is expected –...

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Not the school canteens are responsible for the obesity of school students

Authorities are trying to banish soft drinks and hamburgers, containing to much sugar, salt and fat from the American educational institutions, because they believed that school students  become fat, because...

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Ministry of National Economy: the ECE has not called for exemption under the mall stop

The ECE that is planning to build a 140 thousand square meters mall in Óbuda, has not yet applied for exemption from the plaza stop – said the Ministry of...

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A mall is under construction in Óbuda

A shopping center can be built between the Szentendrei Road and the Filatori Dam train stop. Roads an utilities will be renewedstored, and the proportion of green areas will be...

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The majority of companies in the meat industry has not implemented the wage compensation

The expected wage increases, wage compensation has not implemented by most of the meat industrial companies, or could not perform in the areas of trade unions – told the Meat...

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Anuga FoodTec: Future packaging will be expected to fulfil rigorous requirements

At present, food packaging tends to get judged in terms of three criteria: the environment, marketing and functionality. Packaging and packaging technology have been around for over 100 years now....

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Nielsen: Consumers find advertising on tablets more acceptable

Consumers find advertising on tablets more acceptable, more memorable and more enticing than advertising on smartphones, according to the latest UK Connected Devices report from information and measurement firm Nielsen....

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Domestic industrial orders did not develop well in December

While in the European Union and in the euro area new industrial orders increased in December, in Hungary they decreased in the greatest extent –told Eurostat. The new industrial orders...

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Poultry-products are getting more and more expensive

In a couple of weeks, poultry prices will see a significant change in prices. According to pre-calculations of the Poultry Product Council (BTT), chicken and turkey may get 40-50 HUF...

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The European Commission proposes to freeze 495 million euros worth cohesion fundings

The Commission proposes to suspend the disbursement of 495 million euros (142 billion HUF) worth cohesion fundings to Hungary from next January, because Hungary has failed to fulfill obligations of...

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NGM: The number of employees in the private sector increased by 25 thousand in 2011

In the January-December period, the number of employees increased significantly in the private sector by 25 thousand at companies that have at least five employees, while at the financial institutions...

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Textiles are the hit products of illegal trade

Despite the highest rate of VAT in the EU, according to the experiences to the tax authority, the market of cigarettes and fuel are getting cleared, but hackery increased with...

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Slovakia is the least self-sufficient country within the EU

Slovakia imports too much food and the country should follow a path of greater self-sufficiency, it is the country with the lowest rate of self-sufficiency within the entire European Union...

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The position of the Government of Hungary on the proposal adopted by the European Commission today

The European Commission today issued a proposal to suspend in part the commitments from the Cohesion Fund for Hungary in 2013. Our government regards it as an unfounded and unfair...

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Analysts: wage growth is expected this year

Gross wages increased better than expected in last December and this year due to the minimum wage increase and the recommended salary increases strong gross wages growth is expected, this...

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GfK: the tobacco law may result in the losses of jobs in retail

According to the GfK Market Research Institute; the tobacco law may result in the termination of up to 15 thousand jobs in retail. The new system ócan result the expansion...

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Coface: the proportion of risky companies reduced last year

Last year, the number of risky companies in Hungary  decreased to 49.84 percent from the 51.36 percent, of the previous year, so the Hungarian companies appear to be less risky,...

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Hamburger from stem cells

The researchers of the Maastricht University promise to produce the first hamburgers, which are not made of cattle for the next fall. Mark Post, researcher of Maastricht University talked about...

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Magazine: An opening to the Arab world

Last autumn the Arab-Hungarian Association for Fostering Bilateral Economic Cooperation was established. President Dr György János Kiss, member of the board Abdulrahman Raad and funding member Márta Szabó told our...

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