Market News

Flour is cheap, but all other factors justify a bread price increase

The price of flour does not increase bread prices, but other production costs might motive bread price growth. Werli József, Secretary General of the Baking Industry Association told to Népszabadság:...

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Most of the small and medium businesses are expected growth in revenue

78 percent of the Hungarian small and medium enterprises (SMEs) calculates with revenue growth for the next year, while 15 percent expects decline – shows the SME confidence index research...

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The Hungarian Association of Brewers criticizes the chips-tax on flavored beers

According to the Hungarian Association of Brewers;  the extension of the chips tax on flavored beers causes a competitive disadvantage, does not serve the original purpose of tax and means...

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The Ministry of Rural Development decreased this year's funding source for sugar beet growers

The Ministry of Rural Development has reduced this year's additional financing source for sugar beet growers by 800 million HUF – said Czerván György, State Secretary of the Ministry of...

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The food processors and the Ministry of Rural Development may meet next week

The meeting of the food processors and the Ministry of Rural Development over the chips-tax was shifted to next week. The industry representatives wrote a letter two weeks ago to...

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Magazine: Are traditional places of shopping still important?

Thanks to the significant changes that occurred in Hungarian retail in the past 15 years hypermarkets, cash&carrys, supermarkets and discount stores became more significant places for shopping, to the detriment...

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Compaint about the privatisation of Budapest Airport

Commissioner's Office of the Government has made a criminal complaint in the matter of some €85m in damages to the Hungarian state resulting from the failure of the owner of...

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Ipsos Global @dvisory: The Economic Pulse of the World

A 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...

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The separate sectoral taxes will be terminated from 2013, the bank tax will be halved

The separate sectoral taxes will be terminated from 2013, the bank tax will be halved The sector specific taxes will be terminated from 2013, the bank tax will be halved...

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Agricultural emission was of 1800 billion HUF last year

Last year, despite the bad weather, the agricultural output has seen a 10 percent growth, reaching 1800 billion HUF – Rural Development Minister Sándor Fazekas announced on Tuesday at the...

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Chips-tax: coffee escaped

The NGM and the Rural Development Ministry would impose taxes on coffee, the Ministry of National Resources would not, but now the market participants have also started intense lobbying. The...

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Less than third of online shoppers pay with credit card

In case of online ordering, less than a third of the customer pay by credit card – shows the most recent survey of KutatóCentrum. During a year, the proportion of...

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Hungary's largest shopping center opens spring 2013

With the construction of the second phase of the Árkád in Budapest Hungary's largest shopping center trade area will be established in 2013 in the Örs vezér square. The construction...

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NAV: The deadline of chips-tax is approaching

The deadline of public health taxes so called chips-tax is approaching – told the National Tax and Customs Administration (NAV) to MTI on Tuesday. According to the Communication; the tax...

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ZEW index: German business sentiment decreased

German investor sentiment fell in October. More and more signs indicates that the European debt crisis may spread to the banking sector. According to the survey of the German ZEW...

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Magazine: Price-value ratio is decisive when buying food

Nielsen conducted a survey in 55 countries, which revealed that 47 percent of Hungarian consumers are influenced in their food buying decisions by the price-value ratio of a product. 43...

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Coface country risk assessments: deterioration in Europe and in the United States

Coface notes a deterioration of the average strength of companies in Europe and in the United States and is placing on negative watch, or removing positive watch of, 8 developed...

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SAPS-payment to farmers began

The payment of the unified support per territory (SAPS) has begun this Monday by the Ministry of Agriculture and Rural Development. As a whole, a total of 280 billion HUF...

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Seven hundred companies on the positive consumer protection list

Across the country more than seven hundred companies are included to positive consumer protection list – told Pintér István, the Director General of National Consumer Protection Authority on Thursday in...

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Chamber of Agriculture: support can be requested for winery machines

The support for winery machines and technical equipment can be requested from the 17th of October. SMEs can request a 40 percent, while large corporations a 20  percent support from...

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42 wines from 14 wineries in three cities

The vitors of the Bországjárás wine region presentations can become acquainted with 42 wines of fourteen somlói wineries – including the Györgykovács, the Kolonics, the Kreinbacher or the Laposa between...

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Magazine: The majority of Hungarian consumers mostly improvise when buying food

Hungarians’ main motives for buying food are very different from the European average. Most Hungarians improvise and go shopping when they have run out of something. On the contrary, the...

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ÉFOSZ: ” The government continues to punish the Hungarian food industry”

According to the National Food Processors Association (ÉFOSZ), the government continues to punish the Hungarian food industry with higher tax, does not think about its economic consequences. The professional organization...

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NGM: export pulled the expanding industrial production

The industrial production in August was 4.4 percent above the year-ago level, while total sales were 2.5 percent higher, than in August 2010 – said the National Economy Ministry (NGM)...

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We spend weeks with shopping during our lives

Interesting data has been published in connection with consumer habits. An average customer spends 1539 hours, ie 64 days with shopping during lifetime. An average British customer spends 1539 hours,...

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Magazine: We spend more in discount stores than last year

In the January-May period there were rather significant changes in the market shares of retail channels. The population spent HUF 1,100 billion a day on FMCG products, from which discount...

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Milk-quotes will be handled by the state

The Hungarian Dairy Research Institute is going to manage milk-quota of farmers from 1st November 2011 , instead of the former co-partner (Livestock Performance Testing LTD) – the Ministry of...

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Social networks generates ten billion USD this year

Income produced on social networks this year, already exceeds the 10 billion USD limit on the sites of the world. The dynamism will not decrease in the future, the rate...

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Magazine: Cat food’s market position strengthened

The value of the annual pet food market is around HUF 40 billion, 60 percent of which is spent on dog food and 40 percent on cat food. Dog food...

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CAP-reform critized by Austrian agricultural minister

Austrian agricultural minister Nikolaus Berlakovich expressed fierce criticism when it comes to the draft of Commmon Agrarpolitics (CAP) on Thursday in an interview given to Radio ORF. He is in...

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