Market News
Rush in food prices reserves are low – World Bank warning
Date: 2011-08-16 12:40:14
Global food prices in July this year, significantly exceeded the year-ago levels: overall growth was 33 percent. In addition, the level of reserves is very low – states the Food...
Read more
The producer price of grain and fruit increased significantly
Date: 2011-08-16 12:39:42
The agricultural producer price level in June 2011 was 35.3 percent higher than a year ago. In particular, the price level of plant products increased by 46.7, the price level...
Read more
No crisis on the luxury goods market
Date: 2011-08-16 12:30:43
The Bond Street in London is the most exclusive shopping street in Europe, followed by Avenenue Montaggne in Paris, while the third is in Moscow: the Stoleshnikov Lane. According to...
Read more
Competition for Hungarian webshops
Date: 2011-08-16 10:00:15
Webshops of Hungary can now compete for the title of the Shop Of The Country, in the categories of quality and popularity. Árukereső.hu wants to introduce quality webshops and the...
Read more
Problematic Hungarian growth
Date: 2011-08-16 09:14:14
GKI has released its latest snapshot of the Hungarian economy. Only moderate changes are in store for the rest of 2011, says the market researcher. The negative effects of the...
Read more
Research institute for the Tokaj wine-region
Date: 2011-08-16 09:11:17
A new viticultural research insitute is about to open its gates in the historic Tokaj wine-region. The headquarters will be located in Tarcal, where a similar insitute used to work...
Read more
Biomass crop plans launched by the American government
Date: 2011-08-16 08:32:04
Boosters of the project tout it as a way to keep energy payments local, boost farm income and reduce carbon emissions. “This will reduce our reliance on foreign oil, and...
Read more
Global milk consumption can increase by thirty percent until 2020
Date: 2011-08-15 13:30:39
The global demand for liquid milk products will increase by 30 percent increase between 2010 and 2020 – shows Tetra Pak's latest study. This increase may be due to three...
Read more
The taxation of unhealthy foods is not the solution
Date: 2011-08-15 13:20:23
Nutrition specialists, tax experts, food industry personalities and politicians all over the world are arguing over, can they influence the consumption of unhealthy foods, thereby fighting obesity, diabetes, and the...
Read more
We cannot be more pessimistic
Date: 2011-08-15 13:18:10
The opinion of the Hungarians is so negative over the situation of their own and the economy that – regardless of the real processes – it can not get worse...
Read more
Exchange rate fixing: foreign currency loan borrowers still await
Date: 2011-08-15 13:17:23
The exchange rate fixing program is available since Friday, but the expected rush delays, despite some of the banks have extended their opening hours. According to the market leader OTP;...
Read more
K&H: Half of the SMEs expect share from EU funds
Date: 2011-08-15 13:10:07
The EU co-funded aid applications remain important sources for businesses. An average of every second small and medium-sized enterprises (SMEs) consider it realistic, that they will receive this type of...
Read more
China is flooded with fake French wines
Date: 2011-08-15 12:25:23
Although it is more difficult to counterfeit branded wines, than luxury bags and watches, however, China is flooded by the famous – mostly French – wine brand imitations. The first...
Read more
Red wine against sunburn
Date: 2011-08-15 12:24:31
According to Spanish researchers; grapes and wine protect against sunburn. Marta Cascante, biochemist and her team at the University of Barcelona demonstrated that the flavonoids in grapes may reduce the...
Read more
The domestic and European industry pushed their brakes
Date: 2011-08-12 13:20:42
Instead of the expected growth, industrial production declined in June in the eurozone and in the European Union as well – shows Eurostat's Friday published datas. The Hungarian industry shifted...
Read more
The crop destruction ordered because of the GM contamination affects8.5 to 9 thousand hectares
Date: 2011-08-12 13:15:49
The crop destruction affects approximately 8.5 to 9 hectares, about 4,500 hectares of GM contaminated seeds and about 4,000 hectares of buffer zones – said Czerván György, Secretary for the...
Read more
Consumer confidence has fallen dramatically in the United States
Date: 2011-08-12 13:01:33
According to the consumer confidence index published by Reuters / University of Michigan; a brutal deterioration occurred in consumer sentiment in the United States in August. On the basis of...
Read more
Hungarians prefer advertisements sent in e-mail
Date: 2011-08-12 12:06:18
Hungarian citizens prefer commercials being sent to their e-mail address more than any other nation does. If a company or an institute send information in e-mail, using the clients real...
Read more
French monks grow organic wine
Date: 2011-08-12 12:00:49
An ancient French monastery's monks preach water, but produce wine for more than 1,600 years for a pretty good price: one bottle costs 15 thousand HUF. But much of the...
Read more
Magazine: We like to go shopping on Sundays
Date: 2011-08-12 11:40:29
A nationwide survey conducted by TNS Hoffmann revealed that 48 percent of Hungarians, 1.9 million families go shopping on Sundays. On average they spend HUF 12,500-15,000 per occasion, which means...
Read more
Analysts expect lower economic growth
Date: 2011-08-11 15:55:36
The analysts polled by MTI, expect a slower 1.4 to 3.0 percent economic growth than before, because of the exchange rate movements of the past days and weeks. Others will...
Read more
KSH: consumer prices rose by 3 percent
Date: 2011-08-11 15:00:26
The consumer prices were 0.3% lower in July 2011, than in June. The rates, compared to last July grew by 3.1% – shows the latest flash report of the Central...
Read more
Is Europe's largest economy out of breath ?
Date: 2011-08-11 14:00:58
In June, the industrial production was stagnated, while foreign demand fell by 0.1 percent. Even engineering increased its output by just one percent. 62 percent of German exports tends to...
Read more
Normative funding available for the sheep and goat chips
Date: 2011-08-11 13:59:46
The ministerial decree, which provides several hundred millions HUF support to the electronic marking of sheep and goats was published – told the Hungarian Chamber of Agriculture (MA). The normative...
Read more
EU strictness: Polish vodka can be made of only potatoes and grain
Date: 2011-08-11 13:22:25
The Polish government has strengthened the production rules of spirits, including the Polish vodka, in line with EU standards. Producers are protesting against the new standards. According to the Polska...
Read more
Number of liquidation procedures keeps growing
Date: 2011-08-11 12:00:03
The number of liquidation procedures in Hungary rose 21% in the first half from the same period a year earlier, credit insurance company Coface Hungary told MTI on Thursday. Liquidation...
Read more
OTP: self-care should be improved
Date: 2011-08-10 14:40:27
The vast majority of Hungarian population are planning their finances in just short-terms, their expectations for the future are gloomy, and expect that the government will help them after retirement...
Read more
Research center: the conquest of community shopping
Date: 2011-08-10 14:10:22
In the past one year, the proportion of online shoppers increased significantly – shows the E-Shopping Report survey of KutatóCentrum (ResearchCentre). While in 2010, only 48 percent of the users...
Read more
The proportion of false purchases is reducing
Date: 2011-08-10 13:10:04
According to the representative survey of the National Board Against Counterfeiting (HENT); compared to the past year, the proportion of those consumers who purchase false products decreased in almost all...
Read more
Vegetable-growers get a compensation for not being able to see due to German epidemic
Date: 2011-08-10 11:33:29
The Agricultural and Rurual Development Authority (MVH) has bega the payment of compensation for farmers who have not been able to sell their products because of the German E-Coli epidemic...
Read more