Market News

Country risk assessments review : Improvement in Japan and the United States, but euro zone risk on the rise

In Coface’s view, the world economy is presently marked by divergence between the three major advanced zones: the economic contraction in the euro zone is worsening (-0.3% currently forecast in...

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23.8 billion euros were invested on the commercial real estate markets of Europe in the first quarter

The moderate investment turnover reflected the seasonal slowdown on the European commercial real estate sales market in early 2012 – states CB Richard Ellis global real estate consultant in its...

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Regular consumer protection inspections to be carried out in the chains in the capital

The consumer protection inspections will continue and will be regular in the future to provide appropriate quality and standard to the customers – emphasized Pesti Imre, Government Office commissioner of...

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MNB expects reducing consumption beside declining incomes

In 2012, the stagnation of the economy is expected, growth only starts in 2013 – writes the Hungarian National Bank (MNB). Domestic demand remains low, growth is dragged by exports....

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The participants of the meat black market can expect continous harassment

According to news from Brussels, meat processors and pig farmers, cannot expect improvement, because the situation of pig breeding will not change basically – was said at the meeting of...

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Unexpected success of the employment program

Fourteen disadvantaged job seekers found their safe workplace during an employment assistance program in Gödöllő. The GAK Nonprofit Kft. and its and consortium partners launched the project supported by the...

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China wants to double its trade turnover in Poland

China in the next five years wants to double trade flows in Poland – said Wen Jiabao, China's prime minister on Thursday in Warsaw, Poland in his opening speech at...

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Fake-labeled cans were seized by the authorities in Tolna county

More than 35 thousand fake-labeled bottles of cucumbers and green tomatoes and canned goods were seized by the authorities in Tolna county – told the National Food Chain Safety Office...

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ÉFOSZ: the performance of the Hungarian food industry increased last year

The economic performance of the Hungarian food industry increased last year. According to preliminary datas, it was 2 percent above the 2010 levels – said Éder Tamás, president of the...

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The Széll Kálmán Plan 2.0 calculates with reverse VAT

The Széll Kálmán Plan 2.0 program mostly affects the food economy with the introduction of reverse taxation, beyond the planned rule changes The reserse VAT is designed to be introduced...

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No GMO food found

The authorities tested 146, mainly rice, corn, soy and flax containing products, but could not find any food that does not meet the GM specifications. The laboratories of the National...

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We buy more with less credit cards

The number of credit cards issued in Hungary declined by almost nine percent last year, due to the difficult macroeconomic environment and the public indebtedness. However, the purchase turnover has...

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Milk misconceptions

Despite the fact that households with children consume 30 percent more milk, and they consume 5-6 times more often and occasionally one liter more milk than the, average, according to...

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The contribution of compensation should be paid on the basis of the decision of MVH

The farmers should pay the contribution of compensation until the 15th of  September to the mitigation account of the Agricultural and Rural Development (MVH). The MVH will send the exact...

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Special milk support can be claimed until May 15

Those dairy farmers whose farms are situated in economically vulnerable or environmentally sensitive areas can apply for special milk support associated with special treatment of the disadvantages from the Agriculture...

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Hungarian ideas for environment-friendly transport

Alternative fuelled vehicles constructed by Hungarian university teams were presented on 23 April, 2012 in the driving technology centre of Hungaroring. The apparatuses that were available for on-site testing will...

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KSH: retail sales decreased in February

After the slight increase of January (0.6 percent), retail sales in February fell by 1.4 percent, so in the first two monthsof the year, retail sales were 0.4 percent lower,...

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Active agricultural diplomacy can help the Hungarian agriculture

The active agricultural diplomacy can help the Hungarian agriculture to strengthen its position – stated the lecturers of the Sector Challenges of the Hungarian Foreign Policy – Agriculture conference in...

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Eurostat: online retailing is expanding steadily

According to the latest Eurostat datas, consumers increasingly trust in internet purchasing. More than a third of the EU's population purchased via the Internet last year in the three months...

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The Árkád will be the largest shopping center

The Árkád will be the largest Hungarian shopping center, after a 20 thousand square meters enlargement. The Árkád 2 shopping center will be completed next March, while the Árkád 1...

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A Chinese food certification company may be created in Hungary

A regional Chinese food certification company can be created in Hungary, and a joint procurement and cultivation company may also come – informed Fazekas Sándor, Rural Development Minister MTI on...

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Polish beer exports broke record

According to the forecats of the Polish Statistical Office (GUS) the value of exports last year reached 76.7 million euros, of which more than 16 percent of sales comes from...

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The Hungarian product draft regulation awaits for EU approval

Gyaraky Zoltán, the ministry's head of department told MTI that with the regulation the Ministry would help to stimulate the voluntary food labeling of Hungarian products. The Rural Development Ministry...

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GKI-Erste’s economic index stagnated in April

The seasonally adjusted value of the GKI-Erste economic index in April stayed on the level of March. According to the GKI Economic Research Co., in the business sector a minimal...

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Fake primary producers on the fruit and vegetable market

The two priority areas of the National Food Chain Safety Office (NÉBIH) and the county government offices to filter out the fake primary producers filtering, and the investigation of the...

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MADOSZ the decline of tobacco-growing areas can stop

According to the Hungarian Tobacco Farmers Association (MADOSZ), the decline of tobacco-growing areas can stop this year. The farmers are expected to plant 4800 hectares, such as in last year...

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China is world leader in food consumption

According to a recent British study, food consumption in China overtook the food consumption of the United States. According to the datas of IGD, in 2011, Chinese food stores reached...

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Petition to resolve crisis after Malév grounding

Local officials from about thirty communities around Liszt Ferenc International Airport Budapest, along with their representatives in Parliament, have signed a declaration calling for measures to resolve a crisis resulting...

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Hungarian Postal Service signing a contract with Synergon's subsidiary

Hungarian IT company Synergon aims to raise its consolidated annual revenue to around HUF 30bn in 2-3 years and wants to expand abroad, through organic growth or with acquisitions. ynergon...

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The first shipment of Chinese cabbage from Hungary set sail to Russia

After the successful export of Hungarian apples, the first shipment of fresh Chinese cabbage has been launched for the order of the Magnit group – informed the Ministry of Rural...

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