Market News

The hamburger will be skipped from the hamburger tax

The government would introduce public health product fee on too salty and sugary foods and drinks from next January. The resulting 20-30 billion HUF revenue would go for medical purposes....

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The Ministry of Rural Development causes a competitive disadvantage in the domestic meat industry?

The domestic meat participants informed from Brussels sources over the government plan that intended to dictate the freeze storage of frozen meat in three months. According to representatives of the...

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The domestic brands can for the Hungarian Brands until June 20

The organizers extended the deadline for the submission of the MagyarBrands tender until June 20. Thus, those domestic consumer and business brands have one and  a half week to submit...

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Catastrophic drought hit the Yangtze River basin

Catastrophic drought hit China'sYangtze River basin. From January to May an average 40-60 percent less rain fall in the region. 80 percent of the Chinese water resources can be found...

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The European Commission confutes: Eastern Europe does not receive lower quality food

The accusations are unfounded, that the multinational companies deliver lower-quality products to Eastern Europe – states the European Commission. The companies were not obliged to market the same products under...

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One hundred and fifty million euros rescue package to the EU vegetable sector

The EU support the farmers with an emergency aid, and the Member States are also expected to help the farmers. The Russian market remains closed, and still noone knows what...

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According to the FAO index; food prices decreased slightly

Food prices decreased slightly, due to cheaper world price of sugar and grain. Therefore, the FAO index became “only” 232 points in May, after April's 235 points. The FAO price...

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1,500 acres of sugar beet is waiting for the new sugar plant

So far, more than fifty farmers growing sugar beet on a total area of about 1,500 hectares expressed their interest towards the Rábaköz-based sugar industrial association. According to the article...

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Eurozone's retail trade rose again in April

In April, the value of retail sales increased by 0.9 percent in the 17 countries of the eurozone, exceeding the analysts' expectations of a 0.4 percent growth. The growth on...

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Ice teas keep going greener

In Hungary ice tea is still considered a premium beverage, with strong manufacturer brands. Because it is relatively new to the market and is easy to substitute, ice tea is...

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The forecast of GKI Economic Research Co. for 2011

Some key indicators of the Hungarian economy are improving simultaneously with the easing of the global economic crisis; however, the real situation is not better than it was at the...

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New reading-trends published

Millward Brown has completed the first literacy report after having won the tender. Notrends have changed in this area. Millward Brown has won the tender from January 2011 to five...

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Industrial production grew by eleven percent in the first four months

The volume of industrial production in April rose by 6.9 percent, compared to the same period of last year. The working-day adjusted index is 9.5 percent. The production in the...

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The caterers and canteens can save the cucumber industry

Fazekas Sándor, Rural Development Minister called the domestic food  processors, caterers, school and municipal canteen operators in a television program to buy the fruits from the cucumber  producers and distribute...

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GFK: sports clothing, especially shoes sales are increasing

A continuous growth can be observed on the market of sports shoes, sportswear and sport equipments. From the total turnover of footwear, men and women roughly share an equal proportion....

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Biomass Super: a Hungarian development may replace fertilizers

A new Hungarian technology has won an Innovation Prize, which not only solve the problems of sewage disposal, but can replace fertilizers with a biologically useful yield-enhancing product. As the...

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The new loan program of OTP focuses on the agricultural sector and on the SMEs

The OTP Széchenyi 500 Corporate Loan Program started on the 1st of June. The 100 billion HUF credit line will be offered to mainly the medium-sized enterprises – announced the...

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The dynamic expansion of global trade continues

In the first quarter of 2011 the dynamic growth of product trade continued in most of the industrial countries – published the Organisation for Economic Cooperation and Development (OECD) yesterday....

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Online pálinka-center in Hungary

Within the compass of the fifth Plumpálinka Ceremony of Békés, the Pálinka Center of Békés has opened its gates in order to introduce the best pálinkas of the region. Now...

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Inclination to borrow hits bottom low

The proportion of people with loans has not decreased in Hungary in the last three years, what is more, it is still the highest among the countries of the region....

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Vámos: no unfair income occures in food retailing

The retail price of staple foods are often higher than the cost of goods – claimed the recently published study of the Agricultural Economics Research Institute (AKI). After the article...

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Vegetable sprouts are responsible for the diarrhea epidemic?

The consumer confidence is shaken in the domestic fruit and vegetables market – said Fazekas Sándor, Rural Development Minister. However, he said that the Hungarian products are safe to consume...

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Goose liver producerts to cooperate

In order to strenghten the positions of goose liver in both the foreign and the domestic markets, the participants of the sector esttablished an alliance; the city of Orosháza wants...

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The Ministry of Agriculture would alleviate frost damages

The Ministry of Agriculture develops a compensation package to help the farmers, due to the frost damages of May. The Ministry's deputy secretary, Feldman Zsolt said that at least 40...

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EU is looking for new ways in fish farming

Director-Generals of the EU member states' Fisheries met with the leading experts of the Union in Rétimajor, Hungary. Beside the 42 leading government officials, of the 27 EU member countries...

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6,700 square meters of retail space and office waiting for the tenants if the Hegyvidék Center will be completed

The construction of the Hegyvidék Center in the 12th district of Buda undergoes as planned. At Thursday's founding stone ceremony the developer, the WING Zrt. and Pokorni Zoltán, mayor also...

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The Russian import ban is contrary to WTO rules

Russia's import ban on import vegetables from the European Union, that was announced on Thursday, is contrary to the rules of the World Trade Organisation (WTO) – said Fernando Valenzuela...

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Thirty thousand euros for a champagne

The world's oldest sparkling wine was sold for a record 30 thousand euros at a Finnish auction. The bottle spent nearly 170 years in the bottom of the sea, inside...

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Sunday-shopping is an integral part of Hungarian citizens' life

More than 48 percent of the Hungarian population, namely 1.9 million families are getting their shopping done on Sunday – TNS Hoffmann's new survey pointed out. The research project carried...

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Different cares for different hairs

Hair care is one of the biggest cosmetics categories, to which one of the smallest, hair styling is closely connected. Large companies typically manage several prestigious brands in parallel and...

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