Market News

The increase in prices slowed in January

After a long time, inflation caused a positive surprise, slowing down in January. Consumer prices were 4 percent higher, compared to the first month of 2010 – reports the Central...

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World Bank: global food prices threaten the political and social stability

According to Robert Zoellick, leader of the World Bank; global food prices reached a “dangerous level” and this would complicate the already fragile political and social relations in the Middle...

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Flat PIT: need time to increase consumption

Flat personal income tax (PIT) system can encourage consumption only in the medium and long terms – states RSM DTM Hungary. In the statement of the tax and business advisory...

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U.S. retail sales growth expansion under expectations

The U.S. retail sales growth showed a less than expected increase, mainly due to the declining demand for building materials and the weaker traffic of the restaurants beside the winter...

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The Hungarian economy expanded by 1.2 percent last year

Contrary to the preliminary estimate of the expected 1.7 to 1.8 percent, Hungarian economy expanded by 2 percent in the last three months of last year. The annual increase was...

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Problems were found at nearly half of the honey inspections

In Hungary, the authorities found problems at nearly half of the honey inspections. The honeys containing antibiotics and the fake honeys are a serious problem. Only seventeen percent of the...

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A need for a 30 percent increase in pig consumer prices

While in the past 5 years the combined average inflation exceeded 30 percent, the retail price of pork has increased just 10 percent. Now that feed-prices have seen a sudden...

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Szentkirályi is still a market-leading mineral water

Szentkirályi Mineral Water is still a market-leading berand, in spite of the decline experienced on the market. In spite of all obstacles, Szentkirályi realized a 5.35 billion HUF turnover last...

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The coffee market players prepare for price increase

The largest German coffee roaster, the Tchibo wants to raise its prices by 50 cents in the end of February. This step would increase coffee prices with nearly ten percent....

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SPAR will not construct a new meat plant, because of the crisis-tax

The building of the second meat plant  was removed from the schedule, due to the introduction of the crisis-tax, though the plant of Bicske transports Hungarian pork to the Czech...

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BASF is optimistic about the future

Vincent Gros, leader of BASF's Agrodivision Europe Group is optimistic when it comes to the future of agriculture. The company's annual conference took place in the Millenáris Park, in the...

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The villányi Serena is Europe's best white wine

The Decanter magazine has chosen the Villányi as Europe's best white wine. Like all great wines, the Serena was also born in mind – stresses Malatinszky Csaba, winemaker. The grape...

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Cartel suspicions: German food retail giants under inspection

The German Federal Cartel Office investigates whether the German food retail giants abuse with their dominant position. The buying practices of Aldi, Edeka, Rewe, Lidl and Metro against the small...

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The price increase of agricultural products was led by grain and vegetables, potatoes and fruits

The level of agricultural output prices in December 2010 was 29.0 percent higher than a year aerlier – reports the Central Statistical Office (KSH). In particular, the price level of...

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Hamburger tax: a few per cent price increase can drastically discourage the consumption of the product

Many countries have imposed special taxes on junk food – told Lőcsei Tamás, Partner of PricewaterhouseCoopers to Inforádió, on the similar plans of the Hungarian government. Lőcsei Tamás stressed that...

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Japan confirmed that China is the world's second largest economy

The recently published datas of the Japan Prime Minister's Office shows that the Chinese economy is the world's second largest economy, surpassing Japan. In 2010, Japan's nominal GDP was 5.474...

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The quantity of the Czech beer brewing decreased to the levels of the late 80s

Last year, 17.1 million hectoliters of beer was brewed in the Czech Republic. This is the smallest quantity, since 1989. Compared to 2009, an eight percent decrease occurred. The result...

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The day of lovers and traders

Although the 14th of February belongs to the lovers, traders like Valentine's day as much as lovers do. An average inhabitant of Vienna spends 34 euros on Valentine's day, the...

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Best callcenters to be chosen in 2011

The Best Call Center of the Year Award reaches out to the best Hungarian phone-based helpers every year. The competition was founded 3 years ago, and the event is organized...

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Hamburger tax: “no unhealthy food, just unhealthy nutrition”

The hamburger tax was not firstly proposed by the government, but it was suspected that they like the idea – said Csontos Csaba, Corporate Relations Director of Nestlé Hungária Kft....

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The state and the multinationals are also responsible for the gridlocks

Everyone condemns, but substantive measures were not taken to eradicate – sums up Coface Hungary its opinion over gridlock. According to the company, dealing with credit rating and claims management;...

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MSSZ: The ministry lost the battle German pork-dumping to come

According to the Hungarian Pig Association (MSSZ); the withdrawal of the dioxin-regulation may result in further significant losses for the industry players, caused by German meat dumped prices. Many of...

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One and a half billion alliance of the poultry producers

With a nearly a half billion investment, poultry producers joined forces in order to build a poultry proccessor in Pacs, Zala county. Rural Development Minister, Fazekas Sándor also took part...

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Serious corn deficit in Hungary

There is a massive export of feed grains isn Hungary right now, therefore there is a strong and urgent need for state laws about the regulation of the amount of...

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Amalgam fillings will be changed for free

Thanks to the new program PreFog, amalgam fillings might be changed to composite ones for free all over Hungary. Nowadays entists and patients today have several choices when it comes...

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The national economy ministry considering the imposition of the hamburger tax

According to the informations of Index; the reform program of the Ministry of National Economy contains the following steps: medical review of the disability degree of the disabled, the free...

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The Chief Veterinary Officer withdrew the dioxin regulation

The Chief Veterinary Officer withdrew the dioxin regulation on the grounds, that the German authorities are able to eliminate and prevent the marketing of the contaminated products, because on the...

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Supermarket chains in the fuel market

The petrol stations with names of the supermarket chains are interesting participants of the European and Hungarian fuel market. Some believe that, it would be a solution against the ever...

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March will bring higher prices

The price of grain, flour, sugar, fuel andbread will become more expensive in the next weeks. Varga László, president of the Hungarian Baker’s Association did not say exact number for...

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The future belongs to the contactless cards

The bank card market is getting more lively: Visa and MasterCard both see the future in contactless cards. According to the annual report of Visa Europe; the volume of the...

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