Market News
Central Statistical Office : Hungary stands on the 65 percent of the EU average
Date: 2011-01-27 16:53:35
The Central Statistical Office (KSH) has released the GDP data changes, calculated on the purchasing power parity in terms of the countries of the European Union (EU). The Central and...
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Hungarian Food Safety Authority will help prepare EU MENU
Date: 2011-01-27 16:24:43
The Hungarian Food Safety Authority (MÉBiH) has won the competition of European Food Safety Authority (EFSA). The main goal of the project is to help prepare the EU MENU data...
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Hungary’s food production may significantly increased
Date: 2011-01-27 12:44:08
Hungary’s food production is exceeding the self-sufficiency by 20 percent currently, but this can be increased to 50 percent – said Gyaraky Zoltán, leader of the Food Processing Division at...
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The SME sector is moderately optimistic
Date: 2011-01-27 12:33:06
The pessimism of the recent years begins to subside in the Hungarian micro, small and medium enterprise sector and a growing number of companies believe that their prospects will improve...
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Decreasing optimism in the euro area
Date: 2011-01-27 12:04:49
The European Commission's preliminary economic sentiment indicator shows a declining confidence in the euro area from January: the index decreased to 106.5 points, below the analysts’ expectations. Analysts expected that...
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No chocolate-drama due to end of cocoa-export
Date: 2011-01-27 12:00:01
he article says the internationally recognised president Alassane Ouattara is looking to ban the export of cocoa for a month to put pressure on the incumbent president Laurent Gbagbo, who...
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Measures to be weakened
Date: 2011-01-26 15:15:56
The Hungarian authorities will review the measures taken on last Wednesday that were related to the German meat and meat product imports. In the last few days, dioxin-contaminated products were...
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The rise in unemployment hits the most advanced economies
Date: 2011-01-26 14:40:06
This year, 203.3 million unemployed people, slightly less than last year’s 205 million will be in the world. A substantial number of young people enriches the camp of unemployed –...
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FAO supports strong food exports
Date: 2011-01-26 14:38:16
UN's Food and Agriculture Organization the FAO preserve the producer countries from the introduction of measures, that moderates food exports. According to the communication of Richard China, program development department...
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The poultry sector is suffering fom the lack of feed
Date: 2011-01-26 14:37:42
Recently, more than 70 thousand one day old ducks were strangled, because the fattening did not found feed supplier. Because of the high feed prices a lot of breeders canceled...
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Large Turkish demand for Hungarian cattle
Date: 2011-01-26 14:35:52
A large number of Hungarian cattle is imported by the Turks from Békés county, Hungary. Several types of meat, for example leg, thigh, shoulder temporarily disappeared from the shelves of...
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Serious problems in agriculture due to redmud-catastrophe
Date: 2011-01-26 10:25:00
Devecser, the area affected by the redmud-catastrophe closed a sad harvest: the catastrophe resulted in less than half of the previous year's sunflower and corn – Tibor Kákony, director of...
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2011 is the year of smartphones
Date: 2011-01-26 10:13:28
Smart phones are catching up – 2011 is going to be the year of smartphones according to a new survey by GKIeNet1. Various appilcations make life easier, therefore 15 percent...
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Wal-Mart lowered its prices
Date: 2011-01-26 08:42:39
Wal-Mart Stores Inc., said today it plans to reduce prices on fresh fruits and vegetables as part of a broader effort backed by first lady Michelle Obama to sell healthier...
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Hypermarkets and smaller self-service stores are the most popular
Date: 2011-01-25 16:06:05
When it comes to various factors connected to shop-choice, there is no significant change in Hungary as compared to the previous years. The major issues in focus are quality, freshness...
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Coface had its 15th Country Risk Conference, no change for Hungary
Date: 2011-01-25 16:02:44
On the occasion of its 15th Country Risk Conference, Coface is expecting a moderate slowdown of the global economy. Among the risks to be monitored are the continued tension with...
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The decline in retail has stopped
Date: 2011-01-25 15:16:54
In November 2010, the retail stores – on the basis of the calendary adjusted datas – had a similar turnover volume as a year earlier – reports the Central Statistical...
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IMF expects more than four percent increase from the world economy
Date: 2011-01-25 15:10:32
The International Monetary Fund (IMF) calculates with a higher rate economic growth, than projected. According to the IMF; the global economy will increase by 4.4 percent this year, and the...
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A seventy percent increase is needed in food production in the forthcoming decades
Date: 2011-01-25 14:52:53
A new large global food crisis may hit the world again. Subsidies and custom duties play an important role in its development. These subsidies and custom duties distort the global...
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The EU reduces the supply with frozen pigs
Date: 2011-01-25 14:40:05
The European Union provided a rapid response for the falling pork prices. According to Dacian Ciolos agriculture commissioner; the decision over the private storage of pork will be born in...
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Four measures of the EU because of the dioxin scandal
Date: 2011-01-25 14:14:38
The European Commission presented four measures related to the dioxin scandal. The European Commission would introduce the reporting obligations in connection to the production and marketing risks of the product,...
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Consumers are saving worldwide
Date: 2011-01-24 13:04:53
In most countries of the world consumers are preparing to cut back their spendings in the forthcoming months, due to concerns over job insecurity and the increase of inflation –...
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EU pig sector is on the edge of collapse
Date: 2011-01-24 12:55:29
In Germany, nearly five thousand animal breeding sites were closed, because of the dioxin scandal, it is likely that meat shortage will occur on the market. Therefore, Font Sándor, chairman...
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GKI composite confidence index rises
Date: 2011-01-24 12:11:19
GKI's combined gauge of business and consumer confidence measured -6.3 points in January after -7.6 points in December, GKI announced. The seasonally adjusted index has not been this high since...
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Agricultural Office fines hard
Date: 2011-01-24 12:10:56
The Agricultural Office (MgSzH) has imposed a total of 342.5 million HUF fines again on department stores, mostly because of the violation of the prohibition of selling below the purchase...
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Agrármarketing Centrum: food safety is a top priority
Date: 2011-01-24 12:07:38
In the past few weeks, plenty of press conferences appeared linked to poisoning, inappropriate, low quality food appearing on the shelves of various EU-members. Food-safety in Hungary is rather strict,...
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Foreign wines are mixed and marketed as Hungarian wines
Date: 2011-01-24 12:00:22
Thirty percent less grapes were grown in the Balatonboglár wine region last The market it still flooded with cheap, poor-quality foreign wines. Moreover some of these wines are mixed and...
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The price of cocoa reached its annual peak
Date: 2011-01-24 11:53:08
The price of cocoa has increased to its annual peak in the New York commodity exchange, to 3.34 USD per tonne, which is a 4 percent increase. Alassane Ouattara, the...
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The German minister urges the food chains to open petrol stations
Date: 2011-01-24 11:10:55
Rainer Brüderle, the German Minister of Economic Affairs encourages the discount food chains, such as Aldi and Lidl to open petrol stations. The Minister expects greater competition and lower prices,...
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Meat controls do not mean a ban on imports
Date: 2011-01-21 20:34:41
According to a study of a German institute; the dioxin contamination was due to the improper storage of used frying fats for biodiesel production. The Hungarian Meat Association protested against...
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