Market News

Agriculture committee calls for EU-wide action to save bees

Rising bee mortality could devastate EU food production and environmental stability, Agriculture Committee MEPs warned on Thursday. An estimated 84% of plant species and 76% of food production in Europe...

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Accidents involving dangerous substances: more inspections, better information

The EU has had legislation in place to prevent and control major accidents in the chemical industry since 1976, following an accident at a pesticides and herbicides plant in Seveso,...

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Kopint-Tárki: Hungary's GDP may rise between 0 to 1 percent next year

Kopint-Tárki Economic Research Institute Inc. changed its 2012 growth forecast: after the 1.5 percent GDP growth this year, the previously forecasted 3.0 percent growth is expected to be be only...

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Ipsos: McDonald's and Coca-Cola are the best-known brands among young adults

In the national survey , called “Young Adults” (F & F) Ipsos surveyed 585 youngsters between age 15-25 years. The research themes were the fast-food restaurants, the awareness of soft...

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Policy Agenda-Ipsos: the expectations of the SMEs worsened

According to the survey of Policy Agenda-Ipsos survey, the expectations of the small and medium enterprises (SME) are on their lowest point. Company managers expect tougher crisis than in 2008....

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Euro zone retail sales fell in August

The retail sales volume fell by 0.3 percent in the euro area in August, compared to the previous month, and is 1 percent below, compared to the same period of...

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Counterfeited food products in Hungary

Honey, cream, milk – these products are considered to be the most counterfeited foodstuffs in Hungary. In general, we can find these products in the commodity markets, however the detection...

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The Mountain Centre may be open in autumn 2012

The construction of Budapest's first environment conscious business center goes according to the plans. It can open its doors to the public in autumn 2012 in the 12th District of...

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Hungarian companies are willing to hire more people

According to a new survey by Regus, most HUngarian companies are willing to hire more people, although their prospects for economic growth is no longer considered to be as positive...

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Hungarian mushroom production may be greatly increased

Current Hungarian mushroom production can be increased significantly, in a favorable case it can even be doubled if technological devices used are being more up-to-date, and the traditionally used technologies...

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New tax by the Parliament

Parliament has approved a sharp rise of taxes on gambling machines as of 1st NOVEMBER, and the introduction of a tax on online gambling as of January 1, 2012. The...

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Egg Association: feed prices are high, consumption decreases

The rise in feed prices, the fall in consumption, overproduction, dumped imports are making the situation of egg production and egg market more difficult – said Thury Attila, Vice-Chairman of...

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NAV: zero-tolerance against VAT fraud

The number of fiscal controls have increased at the big supermarket chains, but experts say most of the VAT disappears at small retailers. The number of official investigations significantly increased...

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Several professional organizations protest against the mall stop

The Real Estate Developers Roundtable Association (IFK), the Hungarian Association of Shopping Centres (HBA) and the Federation of Employers and Industrialists (MGYOSZ) protest  against the planned mall stop, because the...

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Szabolcs apple harvest decreased to its fifth due to the frost

Last year, 232 thousand tons of apples was harvested in Szabolcs, this year the expected yield is only 46 thousand tons. Szabolcs-Szatmár-Bereg county gives two-thirds of the country's apple crop....

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Super broccoli that strenghtenes the immune system added to the British store shelves

Super broccoli that protects against heart diseases and some cancers effectively was added to the store shelves of a leading British chain, from Tuesday. The miracle vegetable was deceloped by...

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VM: food chain, supervision fees will be simplified

Instead of the former five-regulations the new ministerial decree will determinate  the food chain administrative supervision service fees. With this, supervision becomes simpler and more coherent – told the Ministry...

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Customer trust is getting worse

Whereas the FMCG market witnessed a significant decline in terms of volume in the first half of the year, clothing items sold quite well, the latest data from market research...

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The Árkád Szeged Shopping Centre opens today

After one and a half year of construction the 100 million euros development of the Árkád Shopping Centre in Szeged opens today. More than 95 percent of the useful floor...

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Producers' market might have an easier time now

According to a new survey by the Ministry of Rural Development, it is highly possible that manufacturers and producers will have an easier time opening their own market, and the...

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NGM: the trade surplus continues to grow

The Ministry of National Economy expects a further, slow balance improvement and foreign trade surplus significantly higher than in the last year. The analysts polled by MTI agreed with the...

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German sugar prices may increase by one-third

In Germany, the largest discount retail chain increased the price of sugar by 31 percent at the same time. The competitors will likely to follow the move as well, so...

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The oily products are taxed in Denmark

From Saturday, all foods that contain harmful fatty acids are more expensive in Denmark. Before the introduction of the new tax Danes began to shopping in panic. It is the...

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The NAV against illegal spirits

The National Tax and Customs Administration (NAV) carries out special checks in October and November to prevent the illegal trade of privately cooked spirits – annpunced the spokesman of the...

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Ipsos Global @dvisory: The Economic Pulse of the World

major analysis of world public opinion was released today by Ipsos— one of the world’s largest market and opinion research companies. The report, titled “Ipsos Global @dvisory: The Economic Pulse...

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The plaza stop proposal will soon to be decided

LMP's plaza stop proposal will be continued to be discussed next Tuesday in the parliament. According to the idea, in the settlements under 100 thousand inhabitants it would be prohibited...

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Government Office: the multinationals often market low quality products in Hungary

According to the Government Office of Budapest; the multinationals companies often market low quality products in Hungary, than in Western Europe. At some of the products, including baby food and...

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Cereals and oilseeds may be taken under the reverse VAT

It is expected that cereals and oilseeds will be inserted into the reserved VAT category – announced the Ministry of Rural Development. The Communication recalls that within the cereal sector...

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Fish production on a developmental trail

In recent years, the Hungarian fish production is on a developmental track, after Hungary received significant funds from the resources of the Fisheries Operational Program. Bognár Lajos, Deputy Secretary of...

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Hundred thousands of pigs in Hungary

The government’s pork sector strategy is based on the doubling of the pig population with 6000-800 thousand pigs. The first step of the strategy is to increase the domestic pig...

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