Market News

Global economy accelerates

The International Monetary Fund improved its estimations of this year’s global economy expansion, from 4.2 to 4.6 percent. However the financial constraints after the crisis, may cause danger. This year's...

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Chinese foreign trade still significantly increases, but with a slower pace

According to the datas of the Chinese government; China's exports and imports, slowed in June, compared to May, on an annual basis. In June, export of China was 43.9 percent...

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The cheap Latin American food threatenes the European producers

The Commission's renewal of free-trade negotiations with Latin American countries may affect the European livestock breeders, meat, fruit and vegetables producers adversely. The agricultural aspects of the negotiations could have...

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E-shops and Web Cards

In April 2700 web stores were operating in Hungary, which is much higher, than the datas of 2008. The Internet traffic is 1.6 percent of the total retail sales, a...

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Twelve-month price increase above 5 percent

In May, the monthly average retail price increase was 0.9 percent. Compared to last May, prices increased by 5.1 percent – reports the Central Statistical Office (KSH). In the first...

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The Széchenyi Program to be renewed

According to the government decision over the newSzéchenyi loan programs, the Government will launch three types of loan programs with different dates – writes Magyar Közlöny. The government at the...

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Agri support – the Ministry turned to Brussels

The Ministry of Rural Development requests the bringing forward of the EU agricultural subsidy payments from Brussels. After the storms and the inland waters, the supports would help the dairy...

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German foreign trade increases

German import and export expanded more than expected. Germany’s imports increased by 14.8 percent from April to May, while exports grew by 9.2 percent. Thus, German trade surplus declined to...

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Protects against sunburn, but not sure it is water-resistant

The sun protectors that are available in Hungary did well on the international consumer protection test – reports inforadio.hu. But there are serious problems with the products’ water resistance. The...

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Hungarian industry increased in May

The preliminary datas suggest, that industrial production increased by 13.7 percent in May, compared to the same period of last year – reports Central Statistical Office (KSH). Production volume in...

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New opportunities for small farmers

According to the Alliance for the Living Tisza Association; new opportunities came into force on the 5th of July for the small-scale producers. One of the most important amendment of...

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Food prices increase inflation

The rising food prices due to the floods and bad weather, increase the inflation in Hungary. According to Palócz Éva, director of Kopint – Tárki; the grain yield loss can...

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Glattfelder: Milk supply should be regulated on European level

According to Glattfelder Béla, European MP of Fidesz; the milk high-level working group's proposals do not solve the problems of the dairy farmers, and are contrary to the unified European...

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Eurozone increased in the first quarter

Eurozone’s GDP growth in first three months of 2010 is 0.2 percent quarterly and 0.6 percent in an annual level comparison, prior to the preliminary datas. According to the revised...

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Infected pigs from the Netherlands

The often illegally sold, uncontrolled imported, low priced pigs prices significantly deteriorate the situation of the domestic pig breeders. These kind of animals are easier to import from the Netherlands...

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Italian demonstrations for food security

Farmers demonstrated yesterday in northern Italy for safer food. The reason of the demonstration was the blue Mozzarella. The German imported Pseudomonas bacteria infected mozzarella cheese found by food inspectors...

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TheEuropean Union thinking about licensing camel milk imports

The milk supply may expand in the stores of the European Union Member States: the European Commission is considering the licensing of camel milk imports. "The camel milk is very...

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Focus on customer awareness

In 2009, the daily consumer goods purchased by households remained stable in nominal terms, compared to 2008, but the volume narrowed. Among the commercial channels, the supermarket channel has reached...

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The meat guild listed the industry’s difficulties in a communication

The unfavorable economic environment and the black trade hardens the situation of the meat industry the most. The sector would like to reach lower VAT, tighter market and unity. Every...

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More and more food consumed in China and Brazil

While the Americans, the British and the French are spending less on food, in China and Brazil more and more food and drinks consumed – shows a British research. According...

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After pálinka, the wine and soda and the home made beer to come

After the government announced the free fruit preparation, the wine and soda and home made beer makers feel, that they suffer unjustified discrimination. They would like to achive a reduction...

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Russia seeks self-sufficiency in chicken breeding

A serious fall may occur in European chicken exports in a couple of years, if Russia succeeds in the development of its own chicken breeding. Consumption slightly increases in the...

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Chain reaction

If I say franchise in Hungary, nine out of ten people think of catering. Truth is that in catering most are not aware of the advantages offered by franchising. Franchising...

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Prices of seasonal food products boosted inflation

Compared with the previous month, the average consumer price increase was 0.9 percent in May 2010, but compared with May 2009 prices were up by 5.1 percent. KSH’s quick report...

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Growing spending

Between 31 May and 6 June the average daily spending by consumers was USD 80, the highest since the economic crisis broke out in December 2008 – reported Gallup on...

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Food product export reduced

According to KSH, in January-March 2010 the volume of export improved by 16 percent and that of export grew by 13 percent in comparison with the same period a year...

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Discount holidays

According to a survey by SymphonyIRI, in the US more people will economise on holidays this year than last year. The population of cheaper destinations is growing, and camp sites...

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Margarine sales grew, average prices fell

Few food categories were able to grow in both value and volume last year, but margarine was one of them. Retail value sales were up by 4 percent in April...

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Házi Piros Paprika celebrated 20 years

On 4 June Házi Piros Paprika Kft. celebrated its 20th birthday in Bakodpuszta. Last year the company’s sales revenue was HUF 2.6 billion and they integrated 2,000 hectares of land....

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The World’s Hottest Brands

AdAge Insights published its report about the world’s 30 hottest brands and their stories. The global expansion of Nando’s, a chicken restaurant from South Africa, or H&M illustrate how local...

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