Market News

The fall of GKI-Erste economic sentiment continued this year as well

Consumer expectations have been declining for more than 15 months, whereas business expectations stagnated in the last quarter of 2011 following sharp deterioration lasting for eight months, but they fell...

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MKIK: mandatory chamber registration

At the special meeting of the Hungarian Chamber of Commerce and Industry (MKIK), the amendment need for the introduction of the mandatory chamber registration system. Parragh László, president of MKIK...

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Beekeepers expecting favourable world market prices

The demand and the world market price of honey is favourable: so in the case of adequate rainfall Hungarian beekeepers can expect a good year; currently the biggest problem is...

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Magazine: Typically only one kind of dressing ends up in the basket

GfK Hungária’s Consumer Scan reports that 90 percent of households bought some kind of dressing in September 2010-August 2011: 70-70 percent bought mustard and mayonnaise, while ketchup can be found...

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About 300 billion allocated to Darányi Ignác Plan

This year and next year, about 300 billion HUF will be given to the implementation of  the Darányi Ignác Plan. Of this amount the development and launch of the EU...

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The increase of cocoa at the commodity exchanges may continue in long-terms

The European and American chocolate consumption decline visualization fears again interrupted the increase of cocoa in the commodity exchanges, while the fall of euro zone continues to be a threat....

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Shops on wheels in the Czech Republic

The rural shops on wheels are enjoying theirrenaissance in the Czech Republic: the rolling shops that were launched due to the once-erratic food supply are became the target of the...

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The distillery of Győr expects higher revenues than last year

The Győri Szeszgyár és Finomító Zrt. Expects a 10 percent increase in revenue. Last year revenue was 7.5 billion HUF – told  Folláth György Chairman of the Board to MTI....

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Shopping tourism in Hungary shows a mixed picture

The shopping-tourism in the counties near the border showed a mixed picture over the past few weeks. The foreigners and Hungarians mainly go shopping to the other side of the...

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Winery training at the college of Eger

Eger’s well-known wineries developed e-learning winery materials for the Eszterházy Károly College in Eger with the support of the New Széchenyi Plan – informs the media referee of the institution....

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Meat Processors afraid of Hungarian meat market collapse

Due to the loss of the meat processors many companies can get into bankruptcy, the Hungarian meat market can even collapse – said Fazekas József, head of the Kelet-magyarországi Húsosok...

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Wages increased higher than expected a slowdown can come this year

Earnings increased higher than expected in November, but according to analysts; the growth dynamics will slow down this year, while the big question is, how will the employment develop. The...

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KSH: the quantity of harvested maize and sunflower increased significantly last year

Last year, the cereal yield was 1 million 493 thousand tonnes more than in the previous year, a total of 13.8 million tons of grain has grown – reports the...

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The European Commission will review the planting rights

The European Commission will establish a high-level advisory group in order to revise the system of the vineyard replanting rights to – announced Dacian Ciolos, Agriculture Commissioner in Berlin at...

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Czech authorities banned Polish eggs, due to animal welfare reasons

The Czech health authorities have banned the marketing of 420 thousand Polish eggs. In Prague, the Ministry of Agriculture spokesman said that the eggs came from farms that do not...

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The consumer protection authority introduces the national consumer product basket

After the positive list of businesses, the National Consumer Protection Authority (NFH) supports the dissemination of quality-conscious consumption with the introduction of national consumer goods basket – told Pintér István,...

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The number of new legal jobs significantly increased in last December

In last December, more than 10 thousand employers announced almost 33 thousand new jobs in Hungary, so compared to Novemberm, the number of new legal jobs increased by 11.1, compared...

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The IMF changed its world economic growth forecast

The International Monetary Fund (IMF) has reduced this year and next year's world economic growth forecast referring to the negative effects of the eurozone’s debt crisis,. According to the IMF...

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Malt production stopped in Nagykanizsa

Malt production has stopped in Nagykanizsa on the ruins of the Kanizsa Brewery ruins – writes the Zalai Hírlap. Three years ago the representatives of the Fidesz were talking about...

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A Pálinka distilerry will be established in Somlóvásárhely

A Pálinka distilerry will be established in Somlóvásárhely with a nearly 800 million HUF investment. The facility is scheduled to be handed over in May this year – informed the...

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Magazine: Average price was up five percent

The chaotic economic environment made European consumers more reserved. In the third quarter less food and household chemicals and cosmetics were sold in Hungary and in other 12 developed European...

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Email Print JPMorgan Chase reports fourth-quarter 2011 earnings

JPMorgan Chase reported net income of $3.7 billion for the fourth quarter of 2011, compared with $4.8 billion for the fourth quarter of 2010. Earnings per share were $0.90 for...

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Corruption in public procurement and in general in Hungary

GKI conducted a survey about corruption penetration and perception of corruption in the Hungarian economy.  This study summariee the most important result and formulated proposals to the Public Procurement Council,...

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Hungarikum-law in order to protect national values

The Government since its establishment gives priority to protecting Hungarian values. The Hungarikum Act adopted by the Government also serves this goal – said Giró-Szász András government spokesman at a...

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The price of sugar can increases further this year

The price of sugar spectacularly increased last year, the trend could continue this year. Experts in Somogy county predict 10 to 15 percent increase for 2012. Temporary supply difficulties, capped...

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Improved business sentiment in Germany

According to the Tuesday published datas of the ZEW economic research institute; business sentiment in Germany has improved in January. After a steady decline, the next half-year forward-looking expectations index...

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The Competition Authority fined consumer groups

The Competition Authority fined three consumers groups for a total of six million forints for providing misleading informations to consumers – the GVH announced on Wednesday. The competition authority fined...

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2012: a new chance for family businesses

As the seasons change and family business leaders measure and evaluate 2011 against what lies ahead, it is natural for them to want more and better information. The economy seems...

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Support for goat keepers

The Magyar Agrárkamara (Hungarian Chamber of Agriculture) grants support to the she-goat keepers. The amount of the support is 3,000 HUF per goat. The applications should be sent by mail...

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Magazine: Non-food: manufacturer brands became more muscular

We can observe different trends in the retail sales of individual household chemical and cosmetics categories. For instance, from the 60 categories audited by Nielsen, body lotion and toilet cleaner...

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