Market News
ÉFOSZ: ” The government continues to punish the Hungarian food industry”
Date: 2011-10-14 14:10:43
According to the National Food Processors Association (ÉFOSZ), the government continues to punish the Hungarian food industry with higher tax, does not think about its economic consequences. The professional organization...
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NGM: export pulled the expanding industrial production
Date: 2011-10-14 14:00:33
The industrial production in August was 4.4 percent above the year-ago level, while total sales were 2.5 percent higher, than in August 2010 – said the National Economy Ministry (NGM)...
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We spend weeks with shopping during our lives
Date: 2011-10-14 13:50:21
Interesting data has been published in connection with consumer habits. An average customer spends 1539 hours, ie 64 days with shopping during lifetime. An average British customer spends 1539 hours,...
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Magazine: We spend more in discount stores than last year
Date: 2011-10-14 11:27:50
In the January-May period there were rather significant changes in the market shares of retail channels. The population spent HUF 1,100 billion a day on FMCG products, from which discount...
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Milk-quotes will be handled by the state
Date: 2011-10-13 13:49:17
The Hungarian Dairy Research Institute is going to manage milk-quota of farmers from 1st November 2011 , instead of the former co-partner (Livestock Performance Testing LTD) – the Ministry of...
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Social networks generates ten billion USD this year
Date: 2011-10-13 13:20:53
Income produced on social networks this year, already exceeds the 10 billion USD limit on the sites of the world. The dynamism will not decrease in the future, the rate...
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Magazine: Cat food’s market position strengthened
Date: 2011-10-13 12:08:27
The value of the annual pet food market is around HUF 40 billion, 60 percent of which is spent on dog food and 40 percent on cat food. Dog food...
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CAP-reform critized by Austrian agricultural minister
Date: 2011-10-13 10:53:14
Austrian agricultural minister Nikolaus Berlakovich expressed fierce criticism when it comes to the draft of Commmon Agrarpolitics (CAP) on Thursday in an interview given to Radio ORF. He is in...
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New CAP discussed in Budapest
Date: 2011-10-12 17:31:33
The new EU Common Agricultural Policy (CAP) was presented to professionals in Budapest, the draft is expected to enter into force in the beginning of 2014. Péter Bokor, the Agricultultural...
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The government would easen the establishment of local markets
Date: 2011-10-12 13:20:30
It would be a relief, that no permission would be needed to the establishment of local markets, a notice would be enough as well. The government expects that due to...
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This year's corn crop in Zala is less than last year's
Date: 2011-10-12 12:50:55
The yield per hectare of corn is more than one ton less this year in Zala county, than in the recent years – told Fentős János, Head of Department at...
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Analysts surprised by the Euro-zone' industrial production growth
Date: 2011-10-12 12:30:45
Euro zone's industrial production unexpectedly rose in August. The monthly increase is the second now in row, primarily led by French, Portuguese and Italian production volumes, which could offset the...
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Advanced training will start in Gödöllő from eco plantation
Date: 2011-10-12 12:20:06
The Gödöllő-based Szent István University prepares to launch an eco vegetable and fruit production training – told Matthew Hayes, university professor to MTI. He told that the two-year training is...
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Pig farming declines in Austria as well
Date: 2011-10-12 12:18:42
The decline of peasant farms is unstoppable in Austria. Only the larger companies are able to survive. 15 years ago, 239 thousand farms were in Austria with a size of...
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Magazine: CIB FaktorFactoring
Date: 2011-10-12 11:56:49
CIB FaktorFactoring: the crisis is overAfter the contraction in 2010, the domestic factoring market started expanding again in 2011. Since there have not been major changes on the credit market,...
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Frost damage compensation – five thousand farmers get help
Date: 2011-10-12 10:34:27
About five thousand farmers affected by the frost damage in Szabolcs-Szatmár-Bereg County receive assistance from the agricultural production system in the form of a compensation – regional leader of the...
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Corruption in public procurement and in general in Hungary
Date: 2011-10-12 09:18:21
GKI conducted a survey about corruption penetration and perception of corruption in the Hungarian economy. This study summariee the most important result and formulated proposals to the Public Procurement Council,...
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GKI: Consumption drops by 3 percent next year
Date: 2011-10-11 17:13:42
According to the forecast of GKI Economic Research Co. prospects for the next year are gloomy, and recession is looming, though less deep than two years ago. This is only...
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The Rural Development Ministry initates the taxation of jams and syrups with low fruit content
Date: 2011-10-11 16:00:56
The Rural Development Ministry initates the taxation of jams and syrups with low fruit content and is confident that one of the useful yield of the charges for public health...
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KSH: Inflation unchanged in September
Date: 2011-10-11 12:27:26
In September, consumer prices fell by 0.1 percent and were 3.6 percent higher than a year earlier – reported the Central Statistical Office (KSH) Tuesday. The dataa are completely consistent...
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Men lead in online shopping
Date: 2011-10-11 12:26:38
In Europe, two of every five people (40) buy online, and now instead of women men play the main role in Internet purchasing – shows the groundbreaking new exploration of...
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The LMP withdrew the mall stop proposal
Date: 2011-10-11 12:26:12
The LMP withdrew the mall stop proposal , so now the Fidesz will have to submit the idea of LMP to the parliament under their name, if they still want...
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Kopint-Tárki: The tax burden on low wages holds back growth
Date: 2011-10-11 12:26:02
The dramatic tax burden on low wage earners can hold back Hungary's growth prospects the most – said Palócz Éva, CEO of Kopint-Tárki CEO in the InfoRádió. The company has...
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The “one sow – one house” program hardly constitute raw material for large-scale meat processors
Date: 2011-10-11 12:25:27
Experts expect persistently high or rising pork prices, which theoretically can increase the domestic livestock, that has been shrinking for years. However, the “one sow – a house” program, if...
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Consumer Protection: within two years, the EU Directive should be transposed into the national law
Date: 2011-10-11 12:23:52
The EU Member States have two years to transpose the legislation of the consumer contractual rights, since the European Council adopted them on October 10 and will publicly announce it...
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Deloitte warns the tax risks of marketing campaigns
Date: 2011-10-11 12:19:31
Many consumer goods, manufacturing and marketing enterprises apply marketing campaigns and various promotions in order to encourage purchases, but these actions contain significant tax risks, because there is still no...
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Georgian wine and mineral water may return to the Russian store shelves
Date: 2011-10-11 12:00:26
Georgian wine and mineral water may soon return to the Russian store shelves, that were banned in Russia, after the relations deteriorated in 2006, saying that these products contain heavy...
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Magazine: Frequent promotions and developing brands characterise the olive oil market
Date: 2011-10-11 11:06:25
Olive oils’ main season is the summer; still they also managed to produce a 5-pecent sales growth in a 12-month perspective. Petra Kovács, trade marketing manager with Bunge Zrt. (Floriol’s...
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Open debate about frozen meat by the Ministry of Rural Development
Date: 2011-10-10 13:40:36
The Ministry of Rural Development (VM) is opening a debate on the facilities of the usage of frozen meat. Professional circles discuss over and over again the legislative requirements that...
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KSH: Foreign trade turnover improved in August
Date: 2011-10-10 13:10:44
After the decrease in the exports and imports value of June and July, the August foreign trade turnover has shown a strong growth – announced the Central Statistical Office (KSH)...
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