Market News

MAGOSZ encourages public storage

The amount of wheat is moderate, but quality is high this year in Hungary – states the MAGOSZ. According to the agricultural organization; prices are depressed currently, but on the...

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Customers prefer air-conditioned stores in the heat

A large part of the customers prefer air-conditioned hypermarkets and malls more in the heat wave than smaller shops – shows the online survey of Népszabadság Online. In the heat,...

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Advertising is more effective on thematic channels

In the future, the expansion of thematic channels may continue, over the commercial TV channels, and their viewers are still holding untapped potential for advertisers. According to the recent joint...

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The parliamentary committee investigating the privatization of the sugar industry has been formed

The parliamentary committee investigating the privatization of the sugar factories held its first inaugural meeting. The 16-member committee will meet weekly and in 180 days will compile a report on...

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The Slovak Parliament said no on Sunday store closure

The Slovakian shops will be open on Sundays and on most of the holidays. The Slovak parliament voted down the Sunday closure proposal of the Christian Democratic Movement (KDH), this...

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Magazine: Grill sausage sales are highly concentrated

Hungarians spend about HUF 1 billion on grill sausage a year. The Nielsen Retail Index registered minus 26 percent in both value and volume from one year to another. Volume...

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Price-to-value ratio is the most important for Hungarians when purchasing food

The most important factor for Hungarians when purchasing food is without doubt the price-to-value ratio, a suvey by market research company NIelsen published today. In the survey, 47% of respondents...

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The Seed Association proposes professional consultation in GMO case

The Seed Association proposes professional consultation with the participation of the legislature, the authority and the representatives of the companies to review the legislative, jurisdictional and practical problems – announced...

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The insolvency of the firms affects trade and the construction industry the most

The insolvency index of the Hungarian companies increased by 21 percent in the first half of 2011, compared to the same period of the previous year. Proceedings were initiated against...

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Will the Hungarian fruit win on the chips-tax?

According to the Ministry of Rural Development; one of the winners of the public health product tax, the so-called chips-tax may be domestic agriculture, because it will help local production...

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Analysts have different views over the 7.6 percent growth of the industrial production

The analysts of the banks polled by MTI have different views over the slowdown of May. Some of them consider it temporary some believe it is a sign of a...

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The new melon market regulation enters into force on Thursday

The new melon market regulations enters into force on Thursday, that according to the ministry will strengthen the market position of the Hungarian melon. Czerván György, State Secretary of the...

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Minimal growth in U.S. retail

Compared to May, U.S. retail trade increased by 0.1 percent in June, instead of the expected stagnation. Moreover, the U.S. Commerce Department decreased the value of the May decline from...

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Consultation on Rural Development Co-operation in the Carpathian Basin

As part of the National Rural Strategy – 2020 consultation series, discussions were held for the first time today regarding the national Carpathian Basin Rural Development Co-operation programme. Experts and...

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KSH: grain prices increased over 90 percent, fruit prices over 70 percent

The agricultural producer price level in May 2011 was 37.6 percent higher than a year ago – reports the Central Statistical Office (KSH). In particular, the price level of plant...

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Is the Chips-tax unconstitutional?

The public health product tax, raises various legal issues – emphasizes Torsten Braner community lawyer, associate of the e|n|w|c Natlacen Walderdorff Cancola international law firm. The new law determines the...

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Dairy support: the EU approved the payment of the deposit

Brussels approved the advance payment of SAPS and the special dairy support. The Hungarian farmers can receive the deposit of SAPS from the second half of October. The European Commission...

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The KöKi Terminal opens in September

Approximately 1,500 new jobs will be established in the capital's newest shopping and business center in the KöKi Terminal in Kispest. Visualization of the KöKi Terminal The KöKi Terminal seeks...

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Health labels on Australian drinks

The Australian liquor manufacturers have launched their volunteer program, under they label their products with health warnings, presumably in order to avoid future criticism, namely that they contribute to the...

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The operators of the Internet markets can be make responsible for violations

The operators of Internet market businesses, including eBay can be responsible for the trade mark violations of their users – states the European Court in its judgments on Tuesday. In...

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Asia is heading for Europe

On 10 May 2011 a large-scale conference was held at the Ministry of Rural Development, as part of the ‘Our future is in our hands’ series of programmes. The event’s...

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Electronic cops against online frauds

The allegroup.hu Ltd. has gifted the police with a useful guide, in order to help prevent and investigate online crimes. The book was created by one of the country's largest...

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Hungarian Tobacco Producers against unemployment

A well balanced new EU Tobacco Products Directive is needed which takes in account health, employment and budgetary considerations. Also a new EU position is required for the amendment of...

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IDEA: an average 10 percent price increase is expected from the chips-tax

The National Assembly approved the law  on public health product fee. According to a recent analysis, the burden can cause an average 10 percent price increase in case of the...

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Lower than expected inflation in June

According to the experts, interviewed by MTI; inflation in June was significantly lower-than-expected. They believe that seasonal food and fuel prices brought down the prices. According to the Central Statistical...

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VM: fruit production may accelerate in the wake of the chips-tax

According to the Ministry of Rural Development (VM); the public health products tax may result a boom in the Hungarian fruit production boom. According to the VM communication sent to...

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It is expected that at least one hundred of Hungarian companies will export vegetables and fruits to the Russian market

The Hungarian fruit and vegetable export restarted to Russia from the middle of last week, after the Kardeván Endre State Secretary, responisble for food chain surveillance and agri management successfully...

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GOSZ expects a minimum wheat cropof four million tons

Currently it seems that the amount of wheat harvest will be around or above four million tons – said Vancsura József, the President of the National Association of Cereal Growers...

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Elderberry cultivation is profitable

Elderberry cultivation is profitable, if someone does it professionally and with care. Demand is growing towards the fruit  used as a food colourant, so the domestic area can be increased,...

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New Norbi-update book for those with diabetes

A new book by fitness-health guru Norbert Schobert has signed his freshly published book “Norbi secret reloaded” within the compass og a special Update-bakery opening ceremony in Westend. Now people...

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