Market News

Agrármarketing Centrum: food safety is a top priority

In the past few weeks, plenty of press conferences appeared linked to poisoning, inappropriate, low quality food appearing on the shelves of various EU-members. Food-safety in Hungary is rather strict,...

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Foreign wines are mixed and marketed as Hungarian wines

Thirty percent less grapes were grown in the Balatonboglár wine region last The market it still flooded with cheap, poor-quality foreign wines. Moreover some of these wines are mixed and...

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The price of cocoa reached its annual peak

The price of cocoa has increased to its annual peak in the New York commodity exchange, to 3.34 USD per tonne, which is a 4 percent increase. Alassane Ouattara, the...

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The German minister urges the food chains to open petrol stations

Rainer Brüderle, the German Minister of Economic Affairs encourages the discount food chains, such as Aldi and Lidl to open petrol stations. The Minister expects greater competition and lower prices,...

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Meat controls do not mean a ban on imports

According to a study of a German institute; the dioxin contamination was due to the improper storage of used frying fats for biodiesel production. The Hungarian Meat Association protested against...

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ECB flags risks of inflation, food prices rise

The European Central Bank warned that commodity and food prices could push euro-zone inflation higher, the latest sign of concern from officials about the buildup of price pressures in the...

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The mangalica sector defies against the crisis

The Hungarian mangalica breeders were managed to maintain the Hungarian mangalica breding on the same level, compared to the previous year, despite the difficult economic conditions. Last year, the Hungarian...

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The Hangya Cooperation calls for stronger import controls

According to the views of the Hangya Cooperation; increasing controls are justifiable in the field of food imports, to protect consumer safety and the domestic producers. The organization points out,...

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New packaging invented to prevent food spoilage

Scientists are reporting development and successful lab tests of “killer paper,” a material intended for use as a new food packaging material that helps preserve foods by fighting the bacteria...

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Company executives preparing for sales expansion

Top-level executives expect intensifying competition, volatile and unpredictable markets, shrinking margins and the increasing of the importance of innovation – shows the study of the Ernst & Young, entitled “Competition...

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Uniform rights for all European customers!

Paolo Martinelli, the President of the civil Consumer Protection Organisation (BEUC) of the European Union and Morvay György, President of the National Consumer Protection Organisation (OFE), gave BEUC’s Union consumers...

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New Széchenyi Plan: nearly two billion HUF to apply this year

Until March, the Ministry of National Development (NFM) tenders 1,100 billion HUF European Union tenders in the scope of the New Széchenyi Plan, and then in the rest of the...

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Demján expects the growth of employment from the SMEs

The Hungarian small and medium-sized enterprises need credit and capital – said Demján Sándor, Executive Chairman of the National Association of Entrepreneurs and Employers (VOSZ). The employment growth can be...

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Output decrease on the commercial property market

In Europe, the output change of the first class commercial properties slowed down in the fourth quarter of 2010, unlike the previous years, when property values have increased significantly –...

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The world's second largest economy increased by 10 percent last year

China's economy expanded by 10.3 percent in 2010, while inflation was 3.3 percent – reports the China Central Bureau of Statistics on Thursday. The world's second-largest economy grew by 9.2...

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Confidence decreased in the euro area

Consumer confidence deteriorated in the euro area in January, which is mainly in connection with the concerns over the debts of  some countries in the region. According to the preliminary...

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X-Factor on the skating rink of Corvin

The free skating rink on the top of the Corvin shopping center officially opened  today with the participation of  Takács Nikolas, Király L. Norbi and Vastag Tamás, X-Factor stars. The...

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Hungarians drank 109 liters of mineral water per capita

Hungarian citizens drank 109 liters of mineral water per capita ilast year, down slightly from 110 liters per capita in 2009, the Hungarian Mineral Water Association and Product Council announced....

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Walmart, Carrefour and Metro AG are still the top three retailers

Walmart, Carrefour and Metro AG still occupy the top three slots in the latest edition of the Deloitte Global Powers of Retailing report for 2011. Combined sales for the world’s...

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Food prices increasing steadily for eight years

The price of food exponentially increased between 2002 and the end of 2010: the global food price index of the UN Food and Agriculture Organization (FAO) increased by 139 percent...

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The utilization of ATMs decreases since 2008

In recent years, the number of ATMs was steadily increasing in Hungary, while their utilization decreases since 2008. Since the beginning of the crisis, the installation of the machines slowed...

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Pork from Germany under mandatory control

Fazekas Sándor, Rural Development Minister ordered temporary restrictions in the distribution of fresh and frozen pork products arrived directly or indirectly from Germany, due to the German dioxin scandal, for...

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Parragh: 7 percent of GDP leaves the country annually

If the government will take measures to assist businesses, the Chamber will support them – said Parragh László, president of the Hungarian Chamber of Commerce on Wednesday in Hódmezővásárhely. Parragh...

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The number of liquidations may remain high for a long time

This year could be a turning point in the corporate sector, and thus in the evolution of the number of insolvency proceedings. According to the Coface Hungary; a significant improvement...

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The price of the bakery products may significantly increase

The domestic bread prices are rising steadily for months. However, in February a higher increase is expected: if the poor wheat harvest of last year will run out of stock...

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The FEOSZ urges hard action against consumer groups

The National Federation of Consumer Associations (FEOSZ) proposes to ban or to make strict regulations against consumer groups. The FEOSZ suggests the legislature to prohibit such activities, or regulate theses...

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Consumers and advertisers agreed

The Self-Controlled Advertising Board (ÖRT) and the National Federation of Consumer Associations (FEOSZ) signed a cooperative agreement on Wednesday. The agreement aims to the better protection of consumers, in general...

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K & H: accelerating domestic consumption, although the strong Swiss franc dampens purchases

Because of the result of the economic growth – particularly in the emerging countries, but also in some developed countries – growing inflation can cause problems, so in the next...

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VHT: The Ministry of Agriculture must do something

The Interprofessional Meat Marketing Organisation (VHT), initiated the temporary shutdown of pork imports from the dioxin contaminated provinces at Rural Development Minister Fazekas Sándor – said Menczel Lászlóné, Secretary of...

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Real wages are seven and a half percent higher, compared to a year ago

The number of those who are working at financial institutions and at companies employing at least 5 people was an average of 2 million 702 thousand in January-November 2010. During...

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