Market News

One million liters of illegal Italian wine was found in Bács-Kiskun county

The Food Chain Safety inspectors found one million liters of illegal Italian wine in Bács-Kiskun county – announced the Ministry of Rural Development. The official proceedings are taking place with...

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The winemakers in Somogy cannot increase their prices

The majority of the winemakers in Somogy cannot increase their prices, because the consumers are sensitive to any price changes. The great majority of the domestic wineries implemented huge improvements...

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Balatoni korona: hundred million output is planned in one and a half year

The Balatoni crown will be marketed on March 22, the issuer, th e Balatoni Korona Zrt. counts on three hundred accepting sites and hundred million output in one and a...

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GfK achieved sales increase of 6.2% in 2011 based on preliminary figures

In financial year 2011, the GfK Group achieved an increase in sales and income. Based on the preliminary figures, sales were up by 6.2% to around EUR 1,374 million in...

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The Christmas sales of SMEs stagnated

This is his second year of stagnation in the Christmas sales of the small and medium sized enterprises. Their Christmas sales apparently not changed, compared to the previous year. However,...

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Fazekas Sándor: the tenders of the Darányi Ignác Plan constantly open

This year, the applications of the Darányi Ignác Plan are being opened continuously – said Fazekas Sándor, Rural Development Minister. The Rural Development Minister pointed out that the Darányi Ignác...

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World Bank: food prices rose by one-fourth last year

The 2011 food price index was 24 percent above the 2010 value and the volatility is expected to continue – told the World Bank. Between September and December 2011, food...

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VAN foundation: “Search for the local products!”

Local producers have established a local producer database, with the public contact details of more than 2,600 domestic local producers, with the support of the European Union’s Regional Development Fund,...

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Atradius: one-third of the bills are paid late worldwide

Businesses pay 30 percent of their bills late and in case of 12 percent the delay may be longer than two months – shows the most recent survey of Atradius...

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Cigarette prices will increase in both February and July

Cigarettes will be burdened by11,500 HUF per thousand and 30 percent excise duty per of the retail sales price from  February 1, from and another increase occurs in July. This...

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Rural organizations in focus for the International Year of Cooperatives

nternational years are declared by the United Nations to draw attention to and encourage action on major issues. The International Year of Cooperatives is intended to raise public awareness of...

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The Czech Republic would introduce excise duty on wine consumption

Miroslav Kalousek Czech Finance Minister wants excise duty to be imposed on wine. Currently, excise duty wine is zero, just klike in the case of beer. The burden may be...

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In November foreign trade volume increased again

In November 2011, the volume of exports increased by 7.9%, and that of import grew by 4.5% compared to the same period of the previous year. The dominant part of...

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The number of employees increased by 46 thousand in a year

The number of employees was 3 million 851 thousand in the fourth quarter of 2011, which is 1.2 percent more than in the same period of the last year. According...

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Wafers: the 401-2,500m² channel is the most important

The annual wafer market is around HUF 18 billion, with retail value sales augmenting by 5 percent and volume sales declining by 2 in the last December-September period. From the...

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German retailers expect an increase in turnover this year

The purchasing sentiment of the population improves the retail sales further in Germany. After a 1.5 percent growth in turnover, the German retail sector this year can expect 420.6 billion...

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Every third youngster would work abroad

Only three percent of young people in Hungary have worked abroad, but more than third willing to work outside the borders for higher income and living standards shows the national...

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Used Car Industry Poised for Growth in 2012

The used car industry had a good 2011 and it's looking to have an even better 2012 based on predictions by an industry expert who sees strong sales numbers continuing...

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Magazine: Praline buying is characterised by both brand loyalty and economising

Among sweets pralines represent the highest price category, consequently sales have been declining ever since the economic crisis commenced in 2008. However, this contraction slowed down recently and the last...

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Wine producers are forced to raise prices

Wine producers were forced to carry out double-digit price increases this year, due to the wine’s purchase price increase and due to the growth of production costs – told Varga...

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Orchards to be listed

Orchards will be listed in Hungary this year, if the Parliament adopts the amendment of the 2006 law. The bill was uploaded to the website of the Parliament on Monday....

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Hungarian beekeepers to apply for 1.2 billion HUF EU funds

Until 2013 beekeepers can apply for1.2 billion HUF EU funding in the scope of the Hungarian National Apiculture Programme. According to the Rural Development Ministry; the high, 90-95 percent utilization...

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Hungarians are saving for holiday

We tend to believe that saving money is a necessary part of life, and most of us are consciously looking for possibilities to save money – a new survey by...

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New agricultural books are needed

The brand new Darányi Ignácz Plan, within the compass of the National Rural Strategy, believes that an important basis of modern agriculture is tradebook – minister in charge of rural...

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Vodka and gin: higher sales in terms of both value and volume

Total annual retail sales in the nine spirits categories measured by Nielsen reached the value of HUF 66 billion in the August 2010-September 2011 period. Only vodka and gin sales...

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Less but higher quality alcoholic drinks are sold

Alcoholic beverages constitute a special market in Hungary as spirits, wines and beers have a one-third share of the market each. Wine consumption has declined recently and the annual average...

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Good market position for chocolate

According to the Nielsen Retail Index, total value sales of the three chocolate segments increased by 3 percent in the December 2010-September 2011 period, compared with the same period a...

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Market expansion and strengthening manufacturer brands

2 percent higher value sales and 1 percent more sold in terms of volume in December 2010-September 2011 – this is how the meat product market developed according to the...

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Food Club Workshop was launched

Food Club Foundation was established this year and its undertaking is to analyse the state of play in the Hungarian food sector and the chances for increasing its competitiveness. The...

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New taxes on food products reduce competitive chances

It is too early to predict the consequences of the public health product fee (NETA) – we heard at the food processing conference recently held in the German and Hungarian...

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