Market News

Fruit and vegetables prices increase

Fruits will be expensive this year. 60-70 percent of strawberries, sour cherries and cherries were destroyed because of the rainy May – said Mártonffy Béla, Executive Director of FRUITVEB. About...

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The expansion of European industry broke a record on annual basis

Industrial production in the countries of the Euro area increased faster-than-expected in April, but the rate of growth slowed, compared to March. The annual expansion was the largest ever recorded....

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Chicken meat price to increase

The price of chicken meat will increase by about 20-100 HUF per kilo in the forthcoming days. An increase in demand occured in Western Europe, which means increasing orders for...

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Milk Day: 41 percent of the Hungarians consumes milk daily

Milk is one of the most important basic food of mankind. 44 percent of the world's population consumes milk on a daily basis. The International Milk Assiciation and the United...

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Counterfeiting of goods – one of the most profitable industry

According to Forbes; Counterfeiting of goods is among the world's seven most profitable illegal industries. It is estimated that 5-7 percent of total international trade expose by fakes. Drug business,...

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Import food control will be more stringent

According to the plans of the government; import food control will be more stringent. According to domestic processors; this will not reduce the proportion of foreign goods, but at least...

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The supporters of Sunday opening hours have a narrow majority

According to the survey of Median; Public opinion is divided in the question if the state would regulate Sunday opening hours. The number of the proposal’s supporters has increased in...

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A surprising reduction in the U.S. retail market

U.S. retail sales unexpectedly showed a decrease of 1.2 percent in May, while the earlier data was revised from a 0.4 percent increase to 0.6 percent. Expectations were about a...

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Dynamic export expansion to Asia

According to the experts of the Hungarian National Bank; Hungary was the only in the region that was able in the last two years, to increase its export to Asia...

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Consumer confidence is key to the growth in demand

According to the survey of Nielsen market research company; Although the turnover of food retail sales decreased, consumer confidence is coming back. Two thirds of Hungarian consumers switched to buy...

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The Pálinka Chamber would consult with the government

National Council of Pálinka (Pálinkatanács) initiates consultations with the government, to restore the right over the freedom of Fruit spirit making – said Piros László, vice president of the Pálinka...

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The producer price of eggs decreasing

The EU accession caused big losses in the Hungarian egg industry. There is no significant manufacturing behind it, the product largely comes directly from producers to food trade – states...

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The price of waste paper increased by 8-10 fold in Europe within a year

All over Europe, the price of corrugated packing materials are increase – states the communication of MAHUSz (Hungarian Association of Corrugated Association). Serious negative change occured in the European corrugated...

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World economy may slower improve than expected

The European debt crisis suggests that the improvement of the global economy may be slower than expected in the past – said Sinohara Naojuki, deputy managing director of the International...

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SMEs can apply for two hundred million HUF

SMEs can apply for a total of two hundred million HUF in order to improve their competitiveness and expand their capacities until the end of the month and until the...

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Handball is the second most popular sport

Nearly 60% of the Hungarian population follows the sporting events. Handball is the second most popular sport in team sports, also a silver medalist on the list of those sports,...

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The Hungarian economy grew slightly in the first quarter

The gross domestic product in the first quarter of 2010 increased by 0.1, eliminating the calendary effect by 0.2 percent compared to the same period of the previous year. According...

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Here is the government's 29-point action plan

The new prime minister yesterday announced his economic action program in the National Assembly. Stricker food imports testing, abolished “small taxes”, the return of the blue book, free alcohol distilerry....

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Domestic consumption remains weak

According to the first estimation of the Central Statistical Office (KSH) export value was 1497 billion HUF (5,649 million euros) while import was 1357 billion HUF (5122 million euros) in...

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Hungarian labor market may accelerate

Good news for workers: According to the latest survey of Manpower; compared to the previous quarter, a strengthening is expected on the labor market. Seven percent of the surveyed Hungarian...

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Flourishing Slovakian industry

The Slovakian industrial output exceeded 21 percent in April, compared to a year earlier – reported the Slovak Statistical Office on Tuesday. The forecast was 18.8 percent. The Slovakian industry...

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The first quarter brought positive trends in food trade

The recovery from the crisis continued in the food retailing of the developed European countries: Turnover increased in value by 4, in quantities by 1 percent in the first quarter,...

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Almost 90 percent of the Hungarian firms do not use e-invoicing

According to the international survey of Itella Information; The majority of the Hungarian companies still not use the e-billing options, although the managers of the companies understand that significant cost...

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Wineries may loose 30 billion if the cold comes back

Due to the weather caused damages, 1 million hectolitre less wine may be produced in the Hungarian wineries. This means a 30 billion shortfall this year – said Varga Péter,...

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The rain affected the pálinka distilleries badly

The largest damage occured in the the strawberry, cherry, peach and sour cherry crop. During the wekend, owners of nearly twenty distilleries talked about the damages of the bad weather...

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The British middle class buys the own branded products the most

Not the poorest, but the middle class, purchase the cheapest products of the supermarket chains – at least in Britain. According to the survey; almost half of those, who have...

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From June 2010 drink bottles should be taken back by the shops

The government decided on the modification of the packaging and packaging waste treatment 94/2002. number government amendments last year – includes the communication of the National Association of Commerce. According...

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Ipsos: The world's most satisfied local communities

The newly published report of Ipsos, reveals how the citizens of 23 countries in the world satisfied or dissatisfied with their living environment. The results showed that the population of...

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The VAT of food products should be reduced

As it is very difficult to control the illegal trade, the VAT rate of food products should be significantly reduced, just like in Western Europe – said Éder Tamás, the...

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A drop in retail sales in Europe

The retail trade decreased by 1.2 percent in April, compared to March in the euro zone and in the whole European Union – said Eurostat on Thursday. According to the...

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