Market News

Retail sales declined in the EU

According to Eurostat figures published on Thursday; decrease in sales was 0.6 percent, compared to the previous month, and 0.9 percent, compared to the previous year. Analysts expected a monthly...

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Egypt is driving up the prices of foodstuffs

The situation is not improving in Egypt: the clashes between the governmental and pro-government forces continued. The journalists are not safe to work in the vicinity of protests. Moreover, several...

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Power struggle increases the world price of cocoa

After Jamaica, Ivory Coast may be the next country, which may bankrupt. The African country gives more than one-third of world's cocoa production. The problem is that, because of power...

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Alliance is the only way out of the crisis

Alliance is the only way out when it comes to the current crisis – István Jakab, vice president of the National Assembly of Hungary pointed out on Thursday in Budapest,...

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A regulation will define what constitutes to be a Hungarian product

The concept of the Hungarian products will be defined in the food industry – said Kardeván Endre, Secretary of State of the Ministry of Rural Development, responsible for food chain...

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This year export expands faster than import again

Last year's record trade surplus was generated by the significantly increasing exports of the German economic recovery, and while analysts polled by MTI expect a decline in surplus this year,...

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World’s food production will collapse without bees

Mysterious disease decimated the bees in western Europe. The professionals have not yet found an explanation for the mysterious depopulation of the bee families, but the process in long terms,...

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The agriculture and food industry can also win with the New Széchenyi Plan

The New Széchenyi Plan offers alternative for the agriculture in the area of health industry of the green economy, development, enterprise development, employment programs and the development of transportation –...

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The draft of the bill hungaricum became vacated

The ministry's proposal is not about the Hungarikum institution system or the special promotion of national values. Only a trademark meaning the obtained, statutory benefits – writes Népszabadság Online. According...

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Dioxin harshness to be easened

According to the communication of the Ministry of Rural Drevelopment; the Chief Veterinarian reduced the domestic investigations of German pork products,  because it was proved that the German authorities are...

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The Chinese are buying wineries near Bordeaux

Chinese investors are buing wineries near Bordeaux one after another. The last time, the largest food company of the Asian country largest appeared at the famous wine region. The state-owned...

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The world's strongest economy marches out of the crisis

The U.S. Chicago purchasing index in January jumped to 68.8 points instead of the expected 65 points, which is a high value have not seen since July 1988. The production...

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German retail to reach pre-crisis level this year

In Germany, retail sales in 2010 increased by such an extent, have not seen in six years, but pre-crisis levels will be reached only in this year – shows the...

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No food crisis in Romania

Romania's is about to import 400,000 to 500,000 tonnes of wheat this season – the Deputy Minister of Agriculture pointed out. According to Adrian Ră­du­lescu, out of last year's harvest,...

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There is plenty of feed available in Hungary

Sufficient amount of cereal feed is available in Hungary, in order to satisfy all feeding needs – says the Ministry of Rural Development. EU is not struggling with the lack...

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Rural development: a stricter administration system to be set up

Hungarian National Rural Network faced a radical change in the past couple of months. According to chief secretary of the association, no money will be distributed from no on without...

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It's worth getting more information on EU-facilities

A new workshop is about to be launched this year, on 7th February. The event will take place not only in Budapest, but also in Miskolc, Győr, Szeged, Székesfehérvár, Pécs,...

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In December industrial producer prices rose by 8.1 percent

As a result of the domestic and export price changes, industrial producer prices, did not change in December 2010, compared to the previous month, but compared to a year earlier...

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The poultry prices may increase, the dioxin-scandal affected the pig industry badly

According to experts; because of the high feed prices, the price of poultry may became more expensive. Due to the cheap pork imports from Germany, there will be no increases...

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Bakers will raise prices

The bread is still considered the cheapest food, but its consumption decreased. “It's clear that people do not waste, just buy as much bread as they surely eat” – explained....

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More and more cities like the idea of the local currency

Perkovátz Tamás, Chairman of the Board of Ha-Mi Összefogunk (If we will Unite) indicated that in the forthcoming weeks he will conult over this issue in Debrecen, in Pécs, in...

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Online trading has gathered pace even in the beginning of the year

January is a dead season in the traditional retail, but the online sector, however, produced a great year start: According to online traders; January turnover is 15-20 percent stronger than...

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Inflation accelerates in the euro zone

Inflation continued to accelerate in the euro zone – reports Eurostat. In January, the 12-month consumer price index value rose from 2.2 percent to 2.4 percent, so Jean-Claude Trichet, President...

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The offensive of the cheap Chinese products to be reduced?

It is not necessary to strengthen China's currency, due to the trade balance, because China’s exports increase will decline to 10 percent this year and its surplus will be reduced...

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Let’s solve the egg code!

The everyday shopper often stands helpless in front of the supermarket egg shelves. The packaging and the eggs of various codes to indicate the size, location and origin tartásmódot. The...

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Ipsos: unemployment and poverty are major threats

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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Customer sentiment deteroriating in the USA

Rising gasoline prices beat down U.S. consumer sentiment in early January, overshadowing an improved job outlook and passage of temporary federal tax breaks, a survey released on Friday showed. A...

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Half of the Hungarian pig breeders may close

In one year, half of the Hungarian pigs may disappear. Today it looks like that half of the pig breederies have to be closed, because they are unable to meet...

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According to analysts, unemployment rate will decline this year, but remains above 10 percent

This year, on an annual average unemployment rate may decrease to 10.3 – 10.5 percent in Hungary – say the analysts, adding that the slight increase in the rate in...

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The reforms of the near future will eliminate the need of crisis taxes from 2013

The government's reforms will make it possible to avoid the unnecessary crisis taxes after 2012 – told Cséfalvay Zoltán, strategic state secretary of the Ministry of National Economy on a...

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