Market News
The Hungarian meat industry is on the edge
Date: 2012-10-02 13:10:19
The meat companies of Gyula and Kapuvár are on the edge of bankruptcy, Gallicoop wich had a 1.5 billion HUF profit last year, will also produce loss this year. The...
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National Food Chain Safety Strategy under development
Date: 2012-10-02 12:01:24
The Ministry of Rural Development is developing a food chain safety strategy. The objective of the document is to determine the measures and instruments through which the protection of the...
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OKSZ still calls for VAT cut
Date: 2012-10-02 11:59:33
The VAT rate reduction of basic foods would be advantageous both for the customers and for the market participants – provides the communication of the National Trade Association (OKSZ). The...
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Grain exports increased by almost one quarter
Date: 2012-10-02 11:57:31
In the first seven months,1200 billion HUF surplus was accumulated in the foreign trade balance. The exports were driven by vehicle manufacturing, but a sharp increase was measured in imports...
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KSH: External trade turnover continued to increase in July
Date: 2012-10-02 11:55:38
In July 2012 exports and imports increased by 5.6 percent and 4.8 percent, respectively, compared to the corresponding period of 2011. According to the latest flash report of the Hungarian...
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French social security deficit will be reduced by the tobacco and beer tax increase
Date: 2012-10-02 10:55:03
The French Government announced a series of measures, including the tax increase of tobacco and beer, in order to reduce next year's deficit in the social security budget – the...
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Nielsen: food retail sales increased in the first half of the year
Date: 2012-10-01 14:30:34
The food retail sales in value increased by 6 percent, in volume by 1 percent, between last December and July 2012, compared to the same period of the previous year...
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The British families are facing with huge food price increases in the next ten years
Date: 2012-10-01 11:00:29
The food spendings of the British families will grow a lot over the next ten years – shows the study of a British governmental body. The British population may suffer...
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Cherries may reduce the risk of gout attacks
Date: 2012-10-01 10:59:42
Cherry consumption may reduce the risk of gout attacks – U.S. researchers found in their study. In the study published in the Arthritis & Rheumatism journal, the risk of gout...
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Electronic shelf label at a MOL petrol station
Date: 2012-09-30 23:14:09
In Hungary electronic shelf labels are already used in many places, especially in food and DIY stores. Petrol stations have long been targeted by electronic shelf labels because of their...
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The price of corn falls: food price explosion may not occur
Date: 2012-09-28 12:50:21
Despite the drought the price of corn is falling, if the trend continues, the price of food and ethanol may reduce. In the last two weeks the price of corn...
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The forecast of GKI Economic Research Co. for 2012-2013
Date: 2012-09-28 12:22:45
In the first half of 2012 the Hungarian economy got into recession. It further deepened in the second half of this year due to the drought. Consumption, investments and lending...
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Harvest panorama – we can expect less grapes, but high quality wine
Date: 2012-09-28 12:00:49
Less grapes but high quality wine is expected in the historical wine growing regions – shows the harvest panorama of MTI. 24 to 25 thousand hectares falls to the Danube...
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Nébih: the botulism in Békés county did not affect the food chain
Date: 2012-09-28 11:35:13
The examination on botulism disease in Békés county has completed. It was found that the botulism did not affect the food chain – said the National Food Chain Safety Office...
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Increased household food expenditure in Slovakia
Date: 2012-09-28 11:25:32
The Slovak household food expenditure rose by 5 percent in the first half of 2012, compared to last year – the Postová banka told MTI on Friday. The analysis is...
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Free pálinka distillation is two years old
Date: 2012-09-27 11:25:54
The free pálinka distillation called attention to the importance of fruit landraces, however, the number of competitions have shown that private distilerries can produce high-quality distillates – V. Németh Zsolt,...
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DHL Express favours small- and medium-sized businesses
Date: 2012-09-27 10:58:48
DHL's focus on selected industry sectors means customers benefit from working with specialists – not just in logistics, but also in their particular marketplace. Our aim is to build long-term...
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GKI: GDP decreases by 1.5 percent this year and increases by 0.8 percent next year
Date: 2012-09-26 13:50:26
The gross domestic product (GDP) decreases by 1.5 percent this year and increases by 0.8 percent next year – shows the forecast of the GKI Economic Research Company. Vértes András,...
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A courier takes Fórum’s VAT-proposal to the Prime Minister
Date: 2012-09-26 12:10:43
The Fórum “Board for the reduction of basic foods” trade bloc, propose on the basis of the study of Ernst & Young (E&Y), to reduce the VAT of basic foods...
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Billions could be saved with the production of domestic cultivar potatoes
Date: 2012-09-26 11:55:22
According to the leader of the Keszthely-based potato cultivar working group, if the domestic potatoe producers would turn to the breeding of domestic cultivated potatoes, the sector could save billions...
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Scotch whisky industry unaffected by recession
Date: 2012-09-26 11:02:30
The whisky industry in Scotland, one of the most popular in the world, has not been affected by the economic downturn because of developing overseas markets, especially in India, China...
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The luxury goods market is changing in China
Date: 2012-09-26 10:58:07
Chinese no more buy tired and worn luxury brands for thousands of dollars without thinking, but the segment in the country will surely continue to spin for many years only...
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American farmers feed cattle with sweets
Date: 2012-09-26 10:55:04
The destructive dryness of the recent years made American cattle, sweet lover: due to the increased feed prices, more and more farmers find alternative in sweets. Mike Yoder, farmer who...
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VAT rate will increase to twenty percent in Serbia
Date: 2012-09-26 10:38:14
From 1 October the rate of Value Added Tax will increase to 20 percent in Serbia, from the current 18 percent. The Serbian parliament decided beside the increase on Tuesday...
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The food price increase can reach seven percent within a few months
Date: 2012-09-25 19:41:14
Up to 7 percent food price increases may come by the end of the year. According to the industry: without raising there is no future in the industry, and the...
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The domestic egg production covers only the three-quarters of the demand
Date: 2012-09-25 12:50:29
A year ago, no one expected that the European Commission will carry out a decision within two months to ban the use of conventional cages – was said at the...
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The state will not buy a meat factory
Date: 2012-09-25 12:10:25
The government has no plans to purchase state ownership to help meat companies in trouble – Budai Gyula. State Secretary of the Ministry of Rural Development told Magyar Nemzet. Budai...
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Boy, a skunk please!
Date: 2012-09-25 09:06:08
A guest has asked for a living skunk at his hotel room, while others have requested coffins, dead roses or even a ghost. Metro magazin in Britain put together the...
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OKSZ: annual decline in retail sales can be 1-2 percent
Date: 2012-09-24 13:00:52
The International Trade Association and the analyst of Savings Bank calculate with a 1-2 percent retail sales decline this year. According to the Ministry of National Economy, the sales decline...
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KSH: volume of retail sales declined by 2.6 percent in July
Date: 2012-09-24 12:58:21
In July, the volume of retail sales declined by 2.6 percent, while in the first seven months of the year declined by 1.3 percent compared to the same period of...
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