Market News
Flour is cheap, but all other factors justify a bread price increase
Date: 2011-10-19 13:20:36
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
Date: 2011-10-19 13:08:14
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
Date: 2011-10-19 13:05:39
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
Date: 2011-10-19 13:01:57
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
Date: 2011-10-19 12:30:50
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?
Date: 2011-10-19 11:39:34
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
Date: 2011-10-19 10:19:20
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
Date: 2011-10-18 17:33:23
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
Date: 2011-10-18 14:59:06
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
Date: 2011-10-18 14:51:06
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
Date: 2011-10-18 14:50:54
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
Date: 2011-10-18 14:43:31
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
Date: 2011-10-18 14:31:25
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
Date: 2011-10-18 14:20:09
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
Date: 2011-10-18 12:20:41
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
Date: 2011-10-18 11:49:36
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
Date: 2011-10-17 19:08:06
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
Date: 2011-10-17 18:57:12
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
Date: 2011-10-17 12:50:35
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
Date: 2011-10-17 12:40:41
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
Date: 2011-10-17 12:28:23
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
Date: 2011-10-17 11:47:04
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”
Date: 2011-10-14 14:10:43
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
Date: 2011-10-14 14:00:33
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
Date: 2011-10-14 13:50:21
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
Date: 2011-10-14 11:27:50
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
Date: 2011-10-13 13:49:17
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
Date: 2011-10-13 13:20:53
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
Date: 2011-10-13 12:08:27
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
Date: 2011-10-13 10:53:14
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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