Market News
Annually 200 million Chinese get sick from contaminated food
Date: 2012-07-05 10:49:26
The Chinese leadership promises to improve food security –the Renmin Ribao central party newspaper wrote on Wednesday. The government has promised the introduction of a more effective regulatory system and...
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Tokaji wineries were debuted in Russia
Date: 2012-07-05 09:00:22
Eight Tokaji wineries were presented themselves in Moscow on Thursday. The audience of the event was mainly consisted of Moscow-based Russian wholesale chains, and the largest buyers, but many representatives...
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Retail sales of the EU and the euro area increased in May
Date: 2012-07-04 12:52:32
In May, retail sales increased in both in the 17-member euro zone and in the 27-member EU – the European Union's statistical office the Eurostat announced on Wednesday. In May,...
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Corn prices increase in the heat
Date: 2012-07-04 12:50:53
Due to the hot days, maize and sunflower have significantly deteriorated in recent days. The assessment of damages has already started. The great drought and the almost African heat destroyed...
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Sommelier as the hero of a comic
Date: 2012-07-04 10:37:52
The first wine manga, entitled “Tears of the Gods” was created by Shin and Yuko Kibayashi – informs the Borkultusz. Its main character, Shizuku Kanzaki is a sommelier, who has...
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The world's most expensive peaches were stolen in China
Date: 2012-07-04 10:29:52
Three men stole invaluable peaches from a state research farm in China. Scientists have worked for 13 years, crossing different varieties to refine the perfect peach. Three villagers – presumably...
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Global retail chains are expanding in the largest developing countries
Date: 2012-07-03 14:10:26
The largest developing countries, especially the BRIC group (Brazil, Russia, India and China) remain the most attractive expanding destinations for the global retail networks, while Hungary is not among the...
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GfK: Consumer confidence improved slightly
Date: 2012-07-03 14:00:58
Consumer confidence improved slightly in Hungary in the second quarter, compared to the previous quarter, but still not reached the level of of 2011 or 2010 – shows the latest...
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Hungary can get about 1,300 million euros from the CAP per year
Date: 2012-07-03 13:26:46
An all-day conference is being held at the Ministry of Rural Development about the reforms of the CAP, namely the Common Agricultural Policy. In 2014 a new, seven-year budget period...
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Foreign trade turnover is on last year's level
Date: 2012-07-03 13:24:29
In the first four months of 2012, the volume of exports was 0.7 percent higher than in the same period of the last year, while the volume of imports decreased...
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VM: the number of payable administrative service fees will decrease
Date: 2012-07-03 12:05:21
The system of administrative service fees will become more transparent, more consistent and more simplified The number of payable administrative service fees will decrease to 900 from 2500 in August...
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Retail transaction tax can take tens of billions
Date: 2012-07-02 13:31:22
The transaction tax can take approximately the same amount in retail that the crisis tax did. The crisis tax will be eliminated this year. Although the Orbán-Cabinet has kept its...
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Eastern opening with the organization of the trading houses
Date: 2012-07-02 13:17:24
Domestic and foreign banks would be in the organization of the trading houses, that would improve the development of the Eastern economic relations; the Eximbank would be the partner on...
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VM: the government supports the strengthening of producer organizations
Date: 2012-07-02 12:50:19
EU's new Common Agricultural Policy and the National Rural Strategy both encourage the strengthening of producers' cooperations and cooperatives. The VM (Ministry of Rural Development) increased the national support for...
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The success of agriculture is mainly affected by the availability of EU funds
Date: 2012-07-02 12:29:40
“This year’s outlooks for the Hungarian agriculture will seem to be good this year, similar to last Year’s performance. On the basis of our survey, carried out among domestic SMEs...
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ADNS against counterfeiting
Date: 2012-07-02 12:02:05
It is estimated that approximately 10 percent of the Hungarian trade turnover comes from counterfeiting, which means several hundred billion HUF loss of revenues for the budget. The damage caused...
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The sales of food-stores increased by 6 percent in value, declined by 1 percent in quantity
Date: 2012-06-29 13:10:10
Food retail sales rose by 6 percent in value and decreased by 1 percent in quantity in the last six months, between December 2011 and May 2012, compared to the...
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The weak forint mitigated the decline of pork exports
Date: 2012-06-29 13:00:24
Most of the pigs were transported to Slovakia and Romania in this year's first quarter. The report of the Central Statistical Office (KSH) shows that 17 percent more Hungarian pigs...
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We stand an average six minutes in queues
Date: 2012-06-29 12:37:07
The members of the Mystery Shopping Providers Association (MSPA) conducted a Europe-wide survey about the queuing habits of the different countries. On the basis of the results of the research,...
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More and more farmers' market in the country
Date: 2012-06-29 12:06:59
The number of farmers' markets is growing from week to week in Hungary, because the government simplified the opening of these kind of stores. One only need to notify the...
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The soft drink manufacturers association keeps the restriction on energy drinks excessive
Date: 2012-06-29 12:00:18
The Association of the Hungarian Soft Drink, Juice, Mineral Water Manufacturers believes that the law that limits the consumption of energy drinks by children is excessive – said Bikfalvi Istvánné,...
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The Milk Interprofessional Organization does not change its previous base price forecast
Date: 2012-06-28 13:00:56
The presidency of the Milk Interprofessional Organization and Product Council decided to leave unchanged its previous 86 HUF base price forecast on its last meeting – the inter-professional organization told...
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KSH: 63 thousand more people have jobs than a year ago
Date: 2012-06-28 12:38:12
In March-May 2012, the number of employees was 3 million 849 thousand, 63 thousand more than a year earlier. The labor market position of men and women has improved almost...
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Registered watermelon producers can expect controls
Date: 2012-06-28 12:35:04
Fazekas Sándor Rural Development Minister ordered the full control of registered watermelon growers from June 20. The control is intended to provide that only those primary producers can sell Hungarian...
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Spanish spring – shopping in Madrid
Date: 2012-06-28 01:53:14
When my husband and I landed in Madrid it was only 15°C and the weather was changeable – the conditions were ideal to do a bit of shopping, which according...
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This year will not be a record year in agriculture
Date: 2012-06-27 13:35:28
The fruits were decimated by the frost, grain by the drought, and much depends on the future development of the weather. It is certain: this year we can not expect...
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This year's grain will be marketed with reverse tax from July
Date: 2012-06-27 12:55:56
The domestic grain, oilseeds and protein crops can be sold with reverse tax in 2012. The law will come into force on the 1st of July. The new system eliminates...
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Czerván György: harvest is going on, 4 million tons are expected from winter wheat
Date: 2012-06-27 12:40:15
After the harvest of the winter barley, the harvest of the winter wheat has also started in the country. 4 million tons are expected similar amount as last year –...
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The number of insolvency proceedings increased significantly in the first quarter
Date: 2012-06-27 12:00:16
The number of insolvency proceedings increased exceptionally, by 33 percent in the first quarter in Hungary, compared to the datas of the previous year – states the comparative analysis of...
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Food plays an important role in health care
Date: 2012-06-27 10:45:07
Healthy Food in Health Care is a national initiative to encourage healthy & sustainable food purchasing in hospital cafeterias and patient meals. In Washington state, approximately 15 hospitals have signed...
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