Market News

Hungarian mushroom production may be greatly increased

Current Hungarian mushroom production can be increased significantly, in a favorable case it can even be doubled if technological devices used are being more up-to-date, and the traditionally used technologies...

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New tax by the Parliament

Parliament has approved a sharp rise of taxes on gambling machines as of 1st NOVEMBER, and the introduction of a tax on online gambling as of January 1, 2012. The...

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Egg Association: feed prices are high, consumption decreases

The rise in feed prices, the fall in consumption, overproduction, dumped imports are making the situation of egg production and egg market more difficult – said Thury Attila, Vice-Chairman of...

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NAV: zero-tolerance against VAT fraud

The number of fiscal controls have increased at the big supermarket chains, but experts say most of the VAT disappears at small retailers. The number of official investigations significantly increased...

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Several professional organizations protest against the mall stop

The Real Estate Developers Roundtable Association (IFK), the Hungarian Association of Shopping Centres (HBA) and the Federation of Employers and Industrialists (MGYOSZ) protest  against the planned mall stop, because the...

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Szabolcs apple harvest decreased to its fifth due to the frost

Last year, 232 thousand tons of apples was harvested in Szabolcs, this year the expected yield is only 46 thousand tons. Szabolcs-Szatmár-Bereg county gives two-thirds of the country's apple crop....

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Super broccoli that strenghtenes the immune system added to the British store shelves

Super broccoli that protects against heart diseases and some cancers effectively was added to the store shelves of a leading British chain, from Tuesday. The miracle vegetable was deceloped by...

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VM: food chain, supervision fees will be simplified

Instead of the former five-regulations the new ministerial decree will determinate  the food chain administrative supervision service fees. With this, supervision becomes simpler and more coherent – told the Ministry...

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Customer trust is getting worse

Whereas the FMCG market witnessed a significant decline in terms of volume in the first half of the year, clothing items sold quite well, the latest data from market research...

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The Árkád Szeged Shopping Centre opens today

After one and a half year of construction the 100 million euros development of the Árkád Shopping Centre in Szeged opens today. More than 95 percent of the useful floor...

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Producers' market might have an easier time now

According to a new survey by the Ministry of Rural Development, it is highly possible that manufacturers and producers will have an easier time opening their own market, and the...

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NGM: the trade surplus continues to grow

The Ministry of National Economy expects a further, slow balance improvement and foreign trade surplus significantly higher than in the last year. The analysts polled by MTI agreed with the...

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German sugar prices may increase by one-third

In Germany, the largest discount retail chain increased the price of sugar by 31 percent at the same time. The competitors will likely to follow the move as well, so...

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The oily products are taxed in Denmark

From Saturday, all foods that contain harmful fatty acids are more expensive in Denmark. Before the introduction of the new tax Danes began to shopping in panic. It is the...

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The NAV against illegal spirits

The National Tax and Customs Administration (NAV) carries out special checks in October and November to prevent the illegal trade of privately cooked spirits – annpunced the spokesman of the...

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Ipsos Global @dvisory: The Economic Pulse of the World

major analysis of world public opinion was released today by Ipsos— one of the world’s largest market and opinion research companies. The report, titled “Ipsos Global @dvisory: The Economic Pulse...

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The plaza stop proposal will soon to be decided

LMP's plaza stop proposal will be continued to be discussed next Tuesday in the parliament. According to the idea, in the settlements under 100 thousand inhabitants it would be prohibited...

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Government Office: the multinationals often market low quality products in Hungary

According to the Government Office of Budapest; the multinationals companies often market low quality products in Hungary, than in Western Europe. At some of the products, including baby food and...

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Cereals and oilseeds may be taken under the reverse VAT

It is expected that cereals and oilseeds will be inserted into the reserved VAT category – announced the Ministry of Rural Development. The Communication recalls that within the cereal sector...

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Fish production on a developmental trail

In recent years, the Hungarian fish production is on a developmental track, after Hungary received significant funds from the resources of the Fisheries Operational Program. Bognár Lajos, Deputy Secretary of...

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Hundred thousands of pigs in Hungary

The government’s pork sector strategy is based on the doubling of the pig population with 6000-800 thousand pigs. The first step of the strategy is to increase the domestic pig...

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August retail sales fell in Germany with almost three percent

German retail turnover in August decreased by a much higher rate than expected. On the basis of the calendar effects adjusted index the decrease was 2.9 percent compared to the...

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Male managers earn a third more than their female colleagues

The male managers and executives earn an average gross of 700 thousand HUF per month, 33 percent more than their female colleagues with an average salary of 526 thousand HUF...

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Where Hungarian food industry is leading to

Sorry, this entry is only available in HU....

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Food industry: the aim is higher added value

The Hungarian food industry can become more competitive in both the domestic and in the foreign markets with the increase of the ratio and supply of the higher value-added products-...

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1.2 billion HUF for the School Milk Program in 2012

National unity was launched with the participation of civil society organizations, local governments, famous public figures, school directors, athletes and artists for the further development of the free School Milk...

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The Ministry of Rural Development collaborates with the Dairy Products Council

The Ministry of Rural Development and the Dairy Products Council and Inter-Professional Organization signed a cooperation agreement in Budapest on Thursday at the National Agriculture and Food Fair (OMÉK). The...

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London analysts: next year recession can be in the euro area and in the U.S.A.

The euro area and with a significant chance the U.S. economy may be going through another period of recession next year – predicted London's financial analysts in their forecast on...

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Agri economy: the eastern markets can have an income stabilizing role

The appearance in the eastern markets can have an income stabilizing effect for the Hungarian agriculture – said Feldman Zsolt, Deputy Secretary of State at the Ministry of Rural Development...

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Magazine: Meat product brands are willing to fight for their buyers

The meat industry has not overcome the biggest difficulties yet: base material prices keep rising and manufacturers cannot or only minimally offset this by increasing sales prices. Anikó Vasvári, Kométa...

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