Market News
Hungary has sent its answers to the European Commission
Date: 2012-02-20 12:45:14
The Hungarian Government submitted to the European Commission today, within the requested deadline, its responses in the three infringement procedures initiated in January (the independence of the Hungarian National Bank...
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The exemption rules from the mall stop can be found on the site of the government
Date: 2012-02-20 12:32:00
According to the law amendment, that came into force in January, until the 31st of December 2014, commercial buildings over 300 square meters can not established or expanded. The Minister...
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Fazekas: balance is need between livestock and crop production
Date: 2012-02-20 12:28:14
The Ministry considers to restore the imbalance between animal husbandry and crop production as a priority task. An important role will await those farmers, who produce on state fields as...
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Magazine: High-turnover dairy products’ market positions generally improved
Date: 2012-02-20 12:25:40
Value sales of cheese, fruit yoghurt, sour cream, curd, butter, kefir and plain yoghurt climbed 2-12 percent in December 2010-September 2011, from the previous comparable period. Total annual sales of...
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Tobacco retail – the Parliament is waiting for Brussels
Date: 2012-02-20 12:20:23
The final vote on tobacco retail sails is expected to be postponed again. Fidesz seeks for the opinion of the EU. The Constitutional Affairs Committee on Monday – with 19...
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Commentary to the Hungarian Constitution published in English
Date: 2012-02-20 12:06:28
Hungary's Institute of Public Administration has published a volume of commentaries by legal experts to Hungary's new constitution in English, state secretary for justice Bence Retvari said at the book's...
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Proposals are waited for the hungarikums of Vas county
Date: 2012-02-20 12:05:48
This week, the Hungaricum law is discussed by the National Assembly, connection to the mapping of Vas county’s individually interesting products has started – enter the Radio Szombathely news release...
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The online trade of luxury products is flourishing in China
Date: 2012-02-20 12:05:31
Almost 70 percent increase occurred in the online trade of luxury goods in 2011 in China. In the forthcoming years, an annual 30 percent growth is expected. The online trade...
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OTP is helping young farmers
Date: 2012-02-20 11:52:34
OTP Bank and AGRYIA (the Hungarian Association of Young Farmers has signed the contract of co-operation for 2012. The main goal of the two associations is to invite new generations...
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Hungarian food retail sales and value grew in fourth quarter
Date: 2012-02-17 15:04:05
Retail food sales in Hungary rose 5% in value terms in the fourth quarter period, market research company Nielsen told MTI on Tuesday. Sales of the ninety products monitored by...
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Frost damage for winegrowers – wines getting more expensive
Date: 2012-02-17 14:11:00
The winegrowers of the famous wine-region Tokaj-Hegyalja are afraid of frost damages which would naturally lead to a significant growth in prices – a new survey of the Agrareconomics Research...
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Hungary has sent its answers to the European Commission
Date: 2012-02-17 13:38:36
The Hungarian Government submitted to the European Commission today, within the requested deadline, its responses in the three infringement procedures initiated in January (the independence of the Hungarian National Bank...
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Higher than ever EBB support for the SMEs in 2011
Date: 2012-02-17 12:40:23
The European Investment Bank (EBB) gave higher than ever support is their greatest amount to the small and medium-sized enterprises (SMEs) in 2011 – told the bank at a Brussels...
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OTSZ: the founding of a specialized agricultural bank is not subservient
Date: 2012-02-17 12:28:28
The question repeatedly raises among the professionals of whether to establish and operate specialized agricultural bank, but this is not practical – said Varga Antal, Managing Director of the National...
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In Serbia last year, more than 1,300 tons of meat products were withdrawn from the market
Date: 2012-02-17 12:06:21
Only in Belgrade last year, nearly 400 tons of animal food were seized and destroyed by the authorities – said Sanja Celebicanin, head of the Serbian head medical officer in...
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Agricultural producer prices growth rate slowed down
Date: 2012-02-16 12:50:20
According to the Central Statistical Office (KSH); the agricultural producer price level of December was 10 percent above the datas of a year earlier, but it has been slowing down...
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The ifo index indicates optimistic global economy sentiment
Date: 2012-02-16 12:35:03
The German ifo Economic Research Institute’s world's economic sentiment index has improved in the first quarter of 2012 after two consecutive quarterly decline. The indicator for the first quarter of...
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Magazine: Traditional marketplaces hold on
Date: 2012-02-16 12:35:02
According to a study conducted by GfK Hungária and Agrár Európa Kft., fruits and vegetables are practically bought by all Hungarian households, who spend HUF 226 billion on them a...
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The Food Avalanche Local Government Program was re-launched
Date: 2012-02-16 12:34:56
The Food Avalanche Local Government Program was re-launched: they await the programs and applications of those non-profit organizations, educational institutions, and local government until February 27 which want to participate...
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Last year's frost damage will be paid soon
Date: 2012-02-16 12:09:27
The total value of the completed and ongoing agri-credits was 803.77 billion HUF at the Hungarian Development Bank (MFB) Zrt. on the 31st of December 2011 – informed the financial...
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GKI: Real estate market: no upturn yet
Date: 2012-02-16 11:57:29
In October of 2011 the GKI Budapest Real Estate Market Index plummeted (-11 points). In January of 2012 this index shows slight increase compared to the previous quarter (+1,5 points)....
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New leader at PwC Hungary
Date: 2012-02-16 11:22:20
From 1st July 2012, PwC Hungary has a new leader, Nick Kós. The 44 year-old Irish-Hungarian expert started his carreer at PwC in Ireland in 1990, then moved to Hungary...
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Hungarian sheep and goat can be exported to Russia
Date: 2012-02-16 10:40:15
All obstacles were eliminated from the path of the Hungarian sheep and goat exports to Russia – said Fazekas Sándor Rural Development Minister over his discussions in Moscow to the...
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Beer’s market position strengthened once again
Date: 2012-02-16 10:04:06
The volume weighted average price of beer was HUF 311/litre in September-October 2009 and September-October 2010, while in the same period of 2011 the Nielsen Retail Index registered HUF 310....
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Parliament secures more bargaining power for dairy farmers
Date: 2012-02-15 15:36:49
New legislation to boost dairy farmers' bargaining power to get fair prices for their raw milk and help them prepare for the end of milk quotas in 2015 was approved...
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Positive surprise: Hungarian economy increased by 1.7 percent last year
Date: 2012-02-15 14:50:06
Despite the deterioration of external market, the Hungarian economy was able to provide positive performance in the last quarter of2011 on the basis of the preliminary datas of the Central...
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D & B: the number of companies dealing with retail trade increased
Date: 2012-02-15 14:40:55
Last year, the number of companies dealing with retail trade increased by four percent in Hungary, compared to 2010. The number of registered businesses which use retail as main activity...
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Magazine: Different levels of concentration across the region
Date: 2012-02-15 14:31:38
Nielsen’s ShopperTrends research concluded that the level of concentration in food retail is different in the countries of our region. This is also reflected in the differing importance of fruit/vegetable-buying...
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The future of Hungary is within the European Union
Date: 2012-02-15 13:54:47
On the first day of the spring parliamentary session Prime Minister Viktor Orbán urged the National Assembly to adopt the European Treaty on Stability, Coordination and Governance in the Economic...
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