Market News
Food price increase may stop
Date: 2011-05-11 14:10:25
The Central Statistical Office reported a 4.7 percent annual inflation in April, and a 2.7 percent core inflation (by adjusting food and raw material prices). The price of food has...
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The price of sugar may be moderated in the next one year
Date: 2011-05-11 14:08:51
According to the analysts of the Standard Chartered Bank, if sugar prices will not increase until the potting season – in the future – until the second quarter of 2012...
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The FEOSZ urges to combat against the consumer groups
Date: 2011-05-11 13:30:36
The National Federation of Consumer Protection Associations (FEOSZ) proposes ban or strict regulation against the consumer groups. The association turned to the consumer protection committee of the parliament and to...
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Ifo: improved business sentiment in the euro area
Date: 2011-05-11 12:10:28
Further improvement occurred in the business sentiment in the euro area, but significant differences occurred in the growth among the countries of the area and fears are growing, due to...
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Weak domestic demand and accelerating export improve the trade balance
Date: 2011-05-10 13:12:25
According to the Tuesday report of the Central Statistical Office (KSH); the March trade balance surplus of 831.1 million euros (225 billion HUF) continued to improve the February record of...
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Consumer 2.0: changing consumer behavior in Europe
Date: 2011-05-10 13:07:44
According to the Cetelem Panorama international survey; the critical stage of the crisis is the part of the past. Most of the European countries are on the path of growth...
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Easter Bunny brought fines to the meat firms
Date: 2011-05-10 12:40:19
Safety inspectors experienced some kind of irregularities at 91 percent of the meat companies, during the Easter inspections. 20 percent of the irregularities endangered the health or safety of the...
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A new cargo center will be created at the airport
Date: 2011-05-10 11:59:05
Budapest Airport Zrt. will begin the construction of a new cargo center in the Liszt Ferenc International Airport in September – told the company to MTI on Monday. Hardy Mihály,...
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Manufacturer brands are strong
Date: 2011-05-10 10:21:18
Hair removal sales are very much concentrated to drugstores: this store type ised 62 percent of sales in the March 201-February 2011 period, according to the Nielsen Retail Index; hypermarkets...
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Sunday store closure: the study has been completed
Date: 2011-05-09 12:40:34
According to the study of the Ministry of Economic Affairs, the Sunday store closure will not substantially reduces tax revenues and does not cause large-scale job cuts. The issue divides...
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FruitVeB: the weekend frost does not threaten the fruit supply
Date: 2011-05-09 12:28:30
The weekend frost does not threaten the fruit supply of Hungary- said Mártonffy Béla, President of the Hungarian Fruit and Vegetable Marketing Interprofessional Organization on Monday. On Friday and on...
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Deloitte: companies save on development
Date: 2011-05-09 12:18:00
According to Deloitte Zrt.; The companies currently not planning to significantly increase spendings on research and development. The involvement of the corporate sector is crucial to reach the key government...
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Cocoa export to be restarted
Date: 2011-05-09 12:03:23
More than three months after the outbreak of the bloody political crisis cocoa export to be restarted in Ivory Coast. Ivory Coast is the world's largest cocoa exporter. Forty percent...
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Multipack versions and the probiotic segment push yoghurt sales forward
Date: 2011-05-09 11:14:29
Two contradicting trends characterise the yoghurt market: plain yoghurt sales decline and fruit yoghurt sales augment. It seems that in Hungary consumers expect this healthy product to be highly enjoyable...
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ÉFOSZ: Information on the food and beverage industry in 2011
Date: 2011-05-06 13:25:49
In 2010, agricultural producer prices rose by 16.8 percent, while food prices on domestic sales decreased by 1.1 percent, while consumer food prices, also showed an increase of 3.2 percent....
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Sugar company spends billion on expansion
Date: 2011-05-06 13:12:50
Magyar Cukor Ltd, Hungary's sugar company, announced it will invest nearly 7 billion HUF in an effort to alleviate Hungary's dependence on imported sugar. The company will mount a HUF...
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Industrial production: decrease on monthly, increase on an annual comparision
Date: 2011-05-06 13:03:08
The volume of industrial production in March rose by 9.2 percent, compared to the same period of the previous year – shows the report of the Central Statistical Office. The...
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Apple is more expensive than banana
Date: 2011-05-06 13:02:47
The price of apple rivals with the price of banana: the bananas delivered from thousands of kilometres are often cheaper than the most popular domestic fruits. At many markets, a...
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The last Austrian cigarette factory to be closed
Date: 2011-05-06 11:00:21
Austria Tabak will close its factory in Austria The Japanese owner transfers the production to another country. Negotiations are still underway over the new site selection. With the factory closure...
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Discount stores: more than half of sales revenue realised by private labels
Date: 2011-05-06 07:31:30
According to Nielsen, in the case of food products the market share of private labels grew from 22 to 23 percent in value in 2010 – this amounts to HUF...
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Opten: more and more winding ups
Date: 2011-05-05 13:10:09
According to the latest communication of Opten; In April, 1403 a new insolvency proceedings have been started in Hungary, but the trend after a big jump of February declines for...
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SMS busts fake grey cattle
Date: 2011-05-05 13:08:26
It is more and more often that the meat of simple cattle are sold as grey cattle meat, because threefold earnings can be reached with this illegal step. The trade...
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After eight months of falling FAO's food price index rose in April
Date: 2011-05-05 13:06:57
AO's food price index rose to 232.1 points from the 231 points of March. The cost of living increased most rapidly in the United States and food prices has grown...
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PSZÁF vs. Ministry in the case of repelling the consumer groups
Date: 2011-05-05 13:04:20
The financial supervision would prevent the people from the consumer groups by using criminal legal tools. However, according to the Ministry of Administration penalties may be sufficient. As it is...
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Declining retail sales in Europe
Date: 2011-05-05 12:59:07
In March 2011, retail sales in the eurozone decreased by 1 percent, while in the European Union, the decline was 0.8 percent. On an annual basis, turnover decreased in the...
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Internal rules of domestic food market to be changed
Date: 2011-05-05 10:23:23
The internal rules of domestic food-delivery market need to be changed – Sándor Font, president of the Parliament's Agricultural Comittte pointed out. The politician believes that the food-industry faces a...
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According to Coface, Hungarian food industry is less risky than the national average
Date: 2011-05-04 13:40:14
The forthcoming period will be crucial for the companies of the Hungarian food industry. According to Coface; the companies in this sector are relatively in acceptable position. Moreover, recently their...
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Online coupons are becoming more and more popular
Date: 2011-05-04 12:15:09
It is the heyday of online coupons, which are getting more and more popular among the customers. It is true, that in relation to the total retail turnover, this type...
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Five thousand forints can be the amount of the compulsory chamber membership fee
Date: 2011-05-04 10:10:57
According to the plans; the annual membership fee of economic chambers will be 5000 HUF. This will likely to reduce the businesses' revulsion against the compulsory membership. Although previously it...
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Only 50 remained from the 350 small-scale breweries
Date: 2011-05-04 10:08:29
The owners of the small breweries are waiting for government support in ored to increase the offer of the small brewers, beside the wide range of mass produced commercial beers....
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