Market News

Russian food safety experts explore Hungary

A number of Hungarian food production companies are looking forward to return back to the Russian market, which is nearly privilege nowadays. Now, newer Hungarian companies could be included to...

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German business sentiment decreased in May

German business sentiment decreased in May, surpassing all the expectations, and business expectations in terms of in the euro area also decreased significantly – shows the Tuesday published datas of...

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Bright future of eco-aggriculture in Hungary

Hungary is facing a bright future of eco-agriculture: the number of areas under eco-cultivation may even triple in the next couple of years, meaning that from 120 thousand hectars it...

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Let us be patriots!

A ‘Hungarian Product’ decree is being prepared, with the objectives of creating order from the chaos that surrounds the marking of food products and motivating consumers to buy products made...

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Checking conterfeit banknotes is a top priority

Hungarian National Bank has launched the new phase of conscious banknote-control in March. The major goal of the worldwide unique program is to enable shop-owners to purchase modern UV-AC-machines in...

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New Széchenyi Plan: 80 percent of the candidates are small and medium sized enterprises

In the scope of the New Széchenyi Plan (ÚSZT) 80 percent of the 1800 applications were submitted from the small and medium-sized sphere – said Molnár Ágnes, Secretary of State...

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Apple prices increase due to rising imports

Compared to the 550-600 thousand tons harvest of the previous years, last year, only 400 to 450 thousand tonnes were harvested. Therefore, apple was imported from abroad (from Austria, Germany...

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The royal wedding brought big revenues to the London retailers

According to the first estimates Prince William's wedding was good for the retailers of London's downtown. According to the datas of the New West End Company, which is the organization...

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Fruit yoghurt is going up

The value of the annual fruit yoghurt market exceeds HUF 31 billion and in the March 2010-Februyary 2011 period retail sales increased by 9 percent in value any by 3...

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Now it is not worth to build a sugar factory

That would be great to build a new sugar factory, but we do not have 50-100 billion HUF for that – responded Fischer Béla to the idea of the farmers...

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Orbit, Túró Rudi and Milka are the most popular brands

Millward Brown has completed its penetration-based research of the brand preferences of the population aged 15-25. THe top brands are: Orbit, Túró Rudi and Milka. here is the list of...

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KSH: Hungarian economy grew by 2.4 percent

The Cental Statistical Office published today the preliminary GDP datas for the first quarter of 2011. GDP grew by 2.4 percent compared to the first quarter of 2010 and by...

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Hungary is the destination country of Austrian food exports

The exports of Austrian food products to eastern Europe, including especially to Hungary is roaming – wrote Austrian Wirtschaftsblatt in its Thursday's issue. According to the datas of the Austrian...

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Night of the Ad Eaters will be back this year

After a one year break the audience starving for commercials can gobble tham again this year. The event will be held on the 28th of May in the B Hall...

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German economy accelerates

According to analysts; Germany is moving towards a real economic miracle, since the German economy grew with a larger-than-expected pace of 1.5 percent for in the first quarter, compared to...

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Sales augmented in the last quarter of 2010

Finally, after one and a half year, in the fourth quarter of 2010 volume sales grew again in Hungarian retail: 2 percent more food products, household chemical and cosmetics products...

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Nielsen: Most people try to save on obligations

In Hungary 94 percent of consumers trying to save money at shopping. Three out of four of use the facilities offered by the promotions. This is the most wide spread...

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Milk consumption decreased by 2.6 percent last year

Last year, milk consumption decreased by 2.6 percent in Hungary, compared to 2009 – said Posztós Zsuzsanna, Marketing manager of Tetra Pak Hungária Zrt. at a press conference in Budapest...

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The Budweiser remains the most popular beer brand

The BrandZ compiled the list of last year's top beer brands, which is lead by Budweiser again – reports Világgazdaság Online. Top beer brands, 2010: 1. Budweiser 2. Bud Light...

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EU filters out the dangerous products more and more effectively

The number of dangerous products reaching the market of the European Union decreased in the past period, because of their rapid identification and removal – states the European Commission in...

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U.S. retail sales increased by 7.6 percent on an annual basis

In April, U.S. retail sales increased in a slower-than-expected 0.5 percent. Analysts forecasted a 0.6 percent growth. According to the datas of the trade ministry; U.S. retail sales in April...

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The food industry is catching up

Domestic sales prices in the industry were 0.6 percent higher in January 2011 than in the previous month. If compared with January 2010, they increased by 9.6 percent. In the...

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Food price increase may stop

The Central Statistical Office reported a 4.7 percent annual inflation in April, and a 2.7 percent core inflation (by adjusting food and raw material prices). The price of food has...

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The price of sugar may be moderated in the next one year

According to the analysts of the Standard Chartered Bank, if sugar prices will not increase until the potting season – in the future – until the second quarter of 2012...

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The FEOSZ urges to combat against the consumer groups

The National Federation of Consumer Protection Associations (FEOSZ) proposes ban or strict regulation against the consumer groups. The association turned to the consumer protection committee of the parliament and to...

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Ifo: improved business sentiment in the euro area

Further improvement occurred in the business sentiment in the euro area, but significant differences occurred in the growth among the countries of the area and fears are growing, due to...

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Weak domestic demand and accelerating export improve the trade balance

According to the Tuesday report of the Central Statistical Office (KSH); the March trade balance surplus of 831.1 million euros (225 billion HUF) continued to improve the February record of...

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Consumer 2.0: changing consumer behavior in Europe

According to the Cetelem Panorama international survey; the critical stage of the crisis is the part of the past. Most of the European countries are on the path of growth...

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Easter Bunny brought fines to the meat firms

Safety inspectors experienced some kind of irregularities at 91 percent of the meat companies, during the Easter inspections. 20 percent of the irregularities endangered the health or safety of the...

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A new cargo center will be created at the airport

Budapest Airport Zrt. will begin the construction of a new cargo center in the Liszt Ferenc International Airport in September – told the company to MTI on Monday. Hardy Mihály,...

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