Market News

August retail sales fell in Germany with almost three percent

German retail turnover in August decreased by a much higher rate than expected. On the basis of the calendar effects adjusted index the decrease was 2.9 percent compared to the...

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Male managers earn a third more than their female colleagues

The male managers and executives earn an average gross of 700 thousand HUF per month, 33 percent more than their female colleagues with an average salary of 526 thousand HUF...

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Where Hungarian food industry is leading to

Sorry, this entry is only available in HU....

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Food industry: the aim is higher added value

The Hungarian food industry can become more competitive in both the domestic and in the foreign markets with the increase of the ratio and supply of the higher value-added products-...

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1.2 billion HUF for the School Milk Program in 2012

National unity was launched with the participation of civil society organizations, local governments, famous public figures, school directors, athletes and artists for the further development of the free School Milk...

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The Ministry of Rural Development collaborates with the Dairy Products Council

The Ministry of Rural Development and the Dairy Products Council and Inter-Professional Organization signed a cooperation agreement in Budapest on Thursday at the National Agriculture and Food Fair (OMÉK). The...

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London analysts: next year recession can be in the euro area and in the U.S.A.

The euro area and with a significant chance the U.S. economy may be going through another period of recession next year – predicted London's financial analysts in their forecast on...

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Agri economy: the eastern markets can have an income stabilizing role

The appearance in the eastern markets can have an income stabilizing effect for the Hungarian agriculture – said Feldman Zsolt, Deputy Secretary of State at the Ministry of Rural Development...

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Magazine: Meat product brands are willing to fight for their buyers

The meat industry has not overcome the biggest difficulties yet: base material prices keep rising and manufacturers cannot or only minimally offset this by increasing sales prices. Anikó Vasvári, Kométa...

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Walley-season begins, controllers spread at Lake Balaton

Walleye-season begins at Lake Balaton in mid-September, when the water turns a bit colder. Thus, the Balaton Fishery Management Ltd. is going to enchance checks in collaboration with water-police and...

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GfK Trust Index: The fire service continues to enjoy the highest levels of trust

The fire service continues to enjoy the highest levels of trust nationally. In addition to them, it is postmen and teachers who people have the biggest trust in. There has...

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Unhealthy diet is associated with dysfunctions

A new study published in The Journal of Sexual Medicine reveals that several unhealthy lifestyle factors, such as weight problems, physical inactivity, high alcohol consumption, tobacco smoking, and hard drugs...

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The Milk Marketing Board to take action against discriminatory pricing

The Milk Marketing Board calls on the retail units, that not to use discriminatory pricing against milk product in the future – said the trade organization. The advocacy organization considers...

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KSH: the number of employees expanded

According to analysts; the June-August trend of the unemployment rate was not surprising. The Ministry of National Economy (NGM) has pointed out that the dynamic growth in the number of...

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GKI predicts a tough 2012

Economic research company GKIpointed out it changed its GDP projections for Hungary to 1.5% growth in 2011 and a 1% contraction in 2012. GKI saw Hungary's economy expanding 1.5-2.0% in...

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GMO-contaminated area halved

According to the he authority; the GMO-contaminated area  decreased to only 4.7 thousand hectares, from the previous 8.5 to 9 thousand hectares, as it turned out that the contamination level...

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NAV confiscated chewing gum

Due to tax debts, the tax authorities confiscated several tons of chewing gum in Fejér county, at a  company. The registration system showed a 66 million HUF tax liability at...

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Magazine: A supermarket chain sits on top of the retail ranking

With its 47-million inhabitants, Spain’s population is the fifth highest in Europe. Although the economy showed signs of improvement after the recession, the level of unemployment was still above 20...

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Half of Europe is already buying more

According to a quick estimate by Eurostat, retail sales dropped in May 2011: by 1.4 percent in the EU-27 and by 1.9 percent in the eurozone, compared to the same...

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Europe's first test store soon to be opened in Budapest

Europe's first test store, the Central Sample. soon to be opened in Budapest. MTI In this kind of network, which is wide spread in the Far East and in South...

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Ideal shopping malls are within a spitting distance

According to a GfK Hungária's latest survey centered around shopping centers from the survey show that the majority of buyers are not willing to travel more than 30 minutes to...

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Food safety is a great business in China

Shanghai is looking to increase rewards paid to people who report breaches in food safety. The sum paid out will not be less than 500 yuan (US$78) and there is...

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ÉFOSZ: artificial flavor enhancers instead of salt

The chips-tax may force the companies to replace the natural ingredients in the products with substitute materials. The manufacturer, that did not choose this way may risk the existence of...

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Domestic success is not a guarantee in the foreign markets

While Hungarians feel enthusiasm towards the túró rudi, the Tokaji wine, and for other well-known, domestic products, it is not certain that these products will be succesful abroad. Tokaj: Hungarian...

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The tobacco companies will lose the liquor manufacturers gain

Before the final vote, the government supports the increase of the cigarette tax, but removes the excise tax differentiation of natural flavor prepared beverages and other spirits, thus reducing the...

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World trade may rise slower

The World Trade Organization reduced its earlier forecast: in its new projections a slower 5.8 percent world trade growth is expected, 0.7 percentage points less, than it was projected in...

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Medium good kékfrankos harvest in Sopron

This year's harvest in Sopron became medium good both in quantity and quality – told Taschner István Hill Judge to MTI on Monday. The grape's stum containt is 17 degrees,...

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Digital technical solutions for companies, restaurants

The Best Award winner from the Commercial Integrator magazine for digital signage hardware, the LG EzSign TV is an innovation in digital signage that can entertain while maximizing the impact...

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The Competition Authority allows the food industrial fusion

The Competition Authority (GVH) gave permission to the Agrofert Holding that has many Hungarian interests to acquire control over the Czech Republic-based Mlékárna Hlinsko. The Competition Authority (GVH) initiated proceedings...

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