Market News
Huge revenue due to 25-30 percent rise of alcohol tax
Date: 2010-11-02 00:24:14
Turkey's Finance Minister Mehmet Simsek pointed out that he expected a government move to raise a special consumption tax on alcohol by 25-30 percent to bring in $556.5 million in...
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Hungarian milk production descreases
Date: 2010-11-02 00:00:26
Three EU member states face levies worth € 19 million for exceeding milk quota. Denmark, the Netherlands, and Cyprus were the three states –out of 27 members, which exceeded their...
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New plant opened by Bounduelle
Date: 2010-11-01 22:10:53
French vegetable producer Bonduelle has announced that it has opened a new plant in Brazil. Located in Marajo, Goiás State, the plant mainly produces green peas packaged in tins. The...
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The panic is over, but consumers are still cautious
Date: 2010-11-01 11:17:06
The consumer confidence index moderately improved in the past three quarters in Hungary, but is still in the negative zone (we can speak of a positive mood above 100). In...
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The newest plaza opens in Siófok in 2011
Date: 2010-10-29 21:08:59
The construction work is scheduled to be completed later this year, the handing over of the trade center may take place in December 2011. In relation to one of the...
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Successful Hoventa expo in 2010
Date: 2010-10-29 20:12:19
Hoventa 2010 összefoglaló from Trade Magazin on Vimeo....
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German retail sales decreased further
Date: 2010-10-29 18:17:48
In Germany, the decline of the September retail sales accelerated. After the 0.4 percent decline of August a 2.3 percent decline has occurred. Annual growth is 0.4 percent. On the...
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EU decision: more alcohol can be in the Hungarian wines
Date: 2010-10-29 18:16:47
Brussels agreed that because of the bad weather, winemakers can increase the alcoholic degree of wines. A further nine countries, Germany, Slovenia, Austria, the Czech Republic, Belgium, Denmark, Slovakia, the...
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The impact of the pharmacy liberalization on consumers
Date: 2010-10-29 18:15:56
According to the study of GKI-EKI Egészségügykutató Kft.; Because of the pharmacy liberalization, geographical and demographic constraints of the establishment of pharmacies have been terminated. The 19 percent increase in...
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KSH: unemployment data proved to be better than expected
Date: 2010-10-28 21:51:26
Unemployment data published by the Central Statistical Office (KSH): Hungary's average employment rate for July-September fell to 10.9%, while the number of employed rose to 3,823,000, KSH said in the...
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The GVH fined 16 grain processor for 2.3 billion HUF
Date: 2010-10-28 21:21:51
Because of their participation in cartel, causing losses to Hungarian consumers, the Competition Authority (GVH) fined 16 grain processor for 2.3 billion HUF – announced the Competition Authority on Thursday....
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Improved economic sentiment in the euro area
Date: 2010-10-28 16:47:26
The European Commission's overall economic sentiment indicator (ESI) is rising for the fifth month in October, increasing from 103.2 points to 104.1 points, compared to the previous month. The positive...
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The sugar demand of China and India will cause sugar price increases
Date: 2010-10-28 16:44:06
Acccording to the British Czarnikow institution; The demand for sugar will sharply rise in the next twenty years, but the production is unable to follow the demand. Mainly due to...
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Online trade: Teszvesz and Vatera about to merge
Date: 2010-10-28 10:46:59
TeszVesz.hu and Vatera.hu, the two major Hungarian online auction portals are about to merge on 1st November this year. The two portals will switch to the name Allegroup.hu Kft, but...
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The Winegrower of the Year will be selected soon
Date: 2010-10-28 09:55:16
The Winegrower of the Year will be selected within the compass of the sp-called Borest (Wine-evening) at the Wine Academy on 3rd December this year. This competition is the most...
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HUngarian wine-success at Dutch competition Proefschrift Wijnconcours
Date: 2010-10-28 05:31:56
Merengő 2008 from Eger's St Andrea winery won the platinum award at the Amsterdam Proefschrift Wijnconcours, the biggest wine competition in the Netherlands, on October 10. This means that this...
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The consumer-friendly logo comes in two years
Date: 2010-10-27 19:35:05
According to the Director-General of the The National Consumer Protection Authority (NFH); the consumer-friendly logo system would be launched in two years. From the first of January next year, the...
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Customers stormed the Corvin: more than 30 thousand visitors on the first day
Date: 2010-10-27 19:34:12
Hundreds were waiting in front of the gates of the Corvin Shopping Center, that is located on the Corvin Promenade. Hungary's newest shopping center, has successfully opened its doors to...
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45 percent of the employers are planning wage increase for next year
Date: 2010-10-27 17:07:05
According to DGS Global Research; For 2011 45 percent of employers are planning an average 4.9 percent payment increase, while last year only 37 percent planned an average slightly larger,...
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Europeans do not have confidence in meat
Date: 2010-10-27 15:07:17
According to a recently completed European research; Europeans do not trust in meat. The European Commission launches an investigation to find out what is the cause of the lack of...
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Wine marketing: one billion for the next year
Date: 2010-10-27 15:06:07
The Agricultural Marketing Center will not be included into other professional organizations, still remain under the control of the Ministry of Agriculture, moreover the AMC will take over the tasks...
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Whole Europe suffers from the lack of potatoes
Date: 2010-10-27 11:25:21
Hungary will have to import potatoes this year: Usually Hungary produces 600-700 thousand tons, this year’s harvest will be about 350 thousand tons. Due to the lack of potatoes, the...
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German criticism on the special tax
Date: 2010-10-26 17:35:00
The Head of Foreign Economic Relations Department of the Association of German Chambers of Industry and Commerce (DIHK) criticized Hungary for the special taxes on energy and telecommunications groups. Acccording...
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FMCG-items to face a 3-5 percent growth next year
Date: 2010-10-26 15:01:36
Sales volume of FMCG-items is about to reach a growth of over 5 percent in the next year – experts in Visegrád pointed out within the compass of the Retail...
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Food VAT will only increase in the case of 1-2 basic food
Date: 2010-10-26 14:06:06
Czerván György the Secretary of the Ministry of Rural Development (VM), said that the ministry wanted to reduce the VAT of meat and bread, milk, sugar and cooking oil by...
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The crisis stopped the mood to shop online
Date: 2010-10-26 13:20:27
According to the E-Shopping Report survey of KutatóCentrum; Over the past year, due to the stagnation and the decline in the number of transactions the online market has not expanded...
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Stagnating German consumer confidence
Date: 2010-10-26 12:39:31
The economic expectations among the German population have improved in October, while the earnings expectations for the development and the propensity to buy have declined. Overall, consumer confidence remained unchanged...
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Tesco introduced the smart phone, purchase
Date: 2010-10-26 10:43:47
Tesco has unveiled a mobile application that allows the owners of the devices can purchase online by reading the barcodes at home. The application was developed by Ribot. The application...
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New product by Milli Mia
Date: 2010-10-26 10:43:38
The new pruduct of the Millia Mia candyfamily is Milli Mia Creamy Cottage Cheese with Prunes, and the item will be introduced in late November, and will be available until...
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Corporate responsibility: twelve companies joined this year's CSR program
Date: 2010-10-26 07:13:08
Twelve companies have joined the Hungarian-initiated GOOD CSR program this year, which is a form of corporate self-regulation integrated into a business model. Companies possess great potential to make positive...
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