Market News
Consumption and and consumer confidence are still weak
Date: 2011-06-24 13:42:54
The retail sales are below the expectations, that can be threat on the growth prospects of the Hungarian economy – says Suppan Gergely senior analyst of TakarékBank. Retail sales were...
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EU food labeling: nutrient composition will be indicated on prepackaged food
Date: 2011-06-24 13:15:19
The Member States supported the compromise on food labeling, which was created between the Hungarian presidency and the European Parliament (EP) – states the Ministry of Rural Development (VM). The...
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The sugar delivered from the state stocks will be 275 HUF per kilogrammes
Date: 2011-06-24 13:12:43
A decision was made several weeks ago, that the two thousand tons of sugar, from the state stocks will soon be marketed. 1000-1000 tons will be marketed in the stores...
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The IDEA draw conclusions on sales decrease of chips and soft drinks from American experiences
Date: 2011-06-24 13:11:05
The Institute for Democratic Alternative (IDEA), analyzed the possible scenarios of the introduction of the public health product regulation. The Government intends that the revenues from the new tax would...
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The G20 will fight for the stability of food prices with a joint database
Date: 2011-06-24 13:10:27
The 20 most advanced economies creates a common database, in which they will inform each other on agriculture, food production, consumption and inventory datas. At the same time, they agreed...
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Almost half of the shopliftings are committed by a criminal organizations
Date: 2011-06-24 13:00:48
Almost half of the stolen goods from hyper-and supermarkets are by criminal organisations working for orders. The thieves cause tens of billions of forints worth damages every year – reports...
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The Váci1 soon to be ready
Date: 2011-06-24 12:50:29
The construction of the Váci1 business center, situated in the Vörösmarty square came to its final phase. This is Hungary's largest historical commercial real estate development of the recent years....
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Magazine: Record performance from our agricultural foreign trade in 2010
Date: 2011-06-24 12:43:26
In 2010 our HUF 5.8-billion export expanded faster (by 13.8 percent) than import (9.7 percent), therefore Hungary’s balance in agricultural foreign trade improved in spectacular fashion, by 22 percent. This...
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Online stores: a weak U.S.A. is the cheapest due to the weak dollar
Date: 2011-06-24 12:30:30
PayPal tested the offerings of more than fifty online stores. During the test, prices of various products were compared in Western and Central Europe and in the United States. The...
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REtail volume of chocolate growing in Hungary
Date: 2011-06-23 17:00:50
In eleven countries of the region – among them, Hungary – the retail volume of chocolate has been a 5.6 billion euros as a total between April 2010 and March...
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Hungarians spend more proportionally on alcohol and food, than the EU average
Date: 2011-06-23 15:00:18
In the European Union households spend an average of 11.9 percent of their income on food, while an average of 1.5 percent goes on alcohol. According to the recent research...
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Nearly half of the social shops closed in the last two years
Date: 2011-06-23 13:20:24
It looks like the model of social shops not working well in Hungary. A little more than half of the social shops have survived. The original goal of the shops...
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GfK: the Consumer confidence improved in the second quarter
Date: 2011-06-23 13:15:28
In the second quarter of the year, domestic consumer confidence, the confidence in the future and willingness to buy also improved – reports the GfK market research company. The Complex...
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The European Parliament adopted the new rules of online shopping
Date: 2011-06-23 13:10:58
The European Parliament (EP) overwhelmingly voted the new EU legislation on the Internet purchase in Brussels on Thursday. Accordingly, online shoppers, will have the possibility to change their minds and...
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EU vegetable exports to be restarted to Russia
Date: 2011-06-23 13:10:25
The EU vegetable exports to Russia can be resatrted even today, as the two sides agree on the delivery of food security conditions. Russia stopped receiving fresh vegetables from the...
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The global sugar production increases
Date: 2011-06-23 12:55:08
According to the analysts of the German F. O. Licht trading company; the global sugar production increases. In the 2011/12 season, 176 million tons of sugar production is expected, after...
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The EU framework for the compensation of the vegetable growers may significant increase
Date: 2011-06-23 12:52:51
The European Commission increased the EU budgetary framework from 150 million to 210 million euros that will compensate the losses of vegetable-growing farmers. Vegetable producers in the EU in recent...
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New chances for the food industry
Date: 2011-06-23 12:36:51
The Fidesz government promises to create better positions for Hungarian food products and already established a parliamentary committee that will examine the privatisation of the sugar industry and the country’s...
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Hungarian customers are easily influenced by media
Date: 2011-06-22 17:32:27
Hungarian customers are more likely to be influenced by advertisements and commercials than most other nations in Europe. Nielsen market research company carried out the survey in 55 countries. The...
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The BDO suggests the development of a progressive tax product schedule in connection to the chips-tax.
Date: 2011-06-22 14:00:11
The new tax, paradoxically, can have a negative effect on the budget, because if the price increase may result in a 10 percent decline in the consumption inside the product...
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Hungary's per capita GDP can be found in the EU's lower house
Date: 2011-06-22 13:40:00
In Hungary, the gross domestic product (GDP) calculated on the purchasing power parity per capita is the 64 percent of the EU average. With this result, Hungary is situated among...
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European-level shopping center was established in the Mars Square of Szeged
Date: 2011-06-22 12:35:18
All the tables and stores were rented in the market in the Mars Square of Szeged. In the center of the city a European-level shopping center was established which meets...
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Russia is distrustful against the meat and dairy products of 300 German companies
Date: 2011-06-22 12:30:01
Russia may ban the imports of about 300 German meat and dairy companies, because of the diarrhea epidemic – the spokesman of Consumer Affairs said on Tuesday, that they do...
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Chaotic marking
Date: 2011-06-22 10:54:28
Consumers’ number one source for product information is the packaging. In recent years several ‘Hungarian product’ lobby organisations were formed who established their own markings, but provide little data on...
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Every third Hungarian citizen is willing to move abroad for a job offer
Date: 2011-06-22 09:06:01
One out of every three people in Hungary are willing to move abroad if they get the right job offer, and are even willing to keep hunting for a job...
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Chips-tax: the price of energy drinks may increase the most
Date: 2011-06-21 13:30:43
The planned public health product tax will increase the price of energy drinks, instant soups, and chips. According to the law amendment; the tax should be paid from the first...
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The rural development minister is satisfied with the EU's vegetable market crisis management
Date: 2011-06-21 12:50:56
The EU could effectively respond to the crisis occurred at the vegetable market, and the situation also showed that if there were no effective EU agricultural policy, the producers and...
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Austria is also debating on Sunday opening hours
Date: 2011-06-21 12:40:23
The debate has been recurred over the licensing of the Sunday opening hours of shops. Reinhold Mitterlehner Austrian Minister of Economy stated in the weekend broadcast of ORF; that he...
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German ZEW index is on its lowest value since January 2009
Date: 2011-06-21 12:11:41
Contrary to the 3.1 points value of the previos month and to the expected -1.5 points, the June sentiment index of German ZEW became -9 points. The index reflecting on...
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GKI: Medium-term business forecast until 2013
Date: 2011-06-21 11:20:38
The price of the forecast is EUR 6900 + VAT, and that of the December update is EUR 2300 + VAT. If you order the forecast until 30 June, we...
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