Market News
Rekord weak grape harvest in Italy
Date: 2011-10-21 08:57:07
This year's harvest in Italy was the worst of the last more than sixty years, but according to the grape growers, the quality of the wine is promising, due to...
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The TakarékBank revised its GDP forecast downward
Date: 2011-10-20 13:50:59
The analysts of the Takarékbank expects smaller GDP growth for this year, contrary to their earlier forecast. Now they are expecting a 1.7 percent GDP growth for this year, a...
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Coface: the insolvency situation of the companies deteriorated further
Date: 2011-10-20 13:35:26
In this year's first nine months, the insolvency indicator of the companies increased by 30 percent, compared to the same period of last year – shows the most recent analysis...
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Food Labels: warranty differs from expiration date
Date: 2011-10-20 13:34:16
In Germany, every year nearly 20 million tons of food are thrown into the trash because of the expiration date. Partly why a debate started about whether it would be...
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Beer-lovers are loyal to their favourite beers
Date: 2011-10-20 10:02:15
Szomjoltóság has carried out a research project to find out the beer-preferences of the Hungarian population. They found that 94 percent of Hungarians find it important to have their favourite...
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460 farms competing for farm-development support
Date: 2011-10-20 09:07:59
A farm-development program was closed on 30th September with 460 competitions, competing for more than 2.5 billion HUF which is well beyond the original sum intended for the program (930...
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Flour is cheap, but all other factors justify a bread price increase
Date: 2011-10-19 13:20:36
The price of flour does not increase bread prices, but other production costs might motive bread price growth. Werli József, Secretary General of the Baking Industry Association told to Népszabadság:...
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Most of the small and medium businesses are expected growth in revenue
Date: 2011-10-19 13:08:14
78 percent of the Hungarian small and medium enterprises (SMEs) calculates with revenue growth for the next year, while 15 percent expects decline – shows the SME confidence index research...
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The Hungarian Association of Brewers criticizes the chips-tax on flavored beers
Date: 2011-10-19 13:05:39
According to the Hungarian Association of Brewers; the extension of the chips tax on flavored beers causes a competitive disadvantage, does not serve the original purpose of tax and means...
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The Ministry of Rural Development decreased this year's funding source for sugar beet growers
Date: 2011-10-19 13:01:57
The Ministry of Rural Development has reduced this year's additional financing source for sugar beet growers by 800 million HUF – said Czerván György, State Secretary of the Ministry of...
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The food processors and the Ministry of Rural Development may meet next week
Date: 2011-10-19 12:30:50
The meeting of the food processors and the Ministry of Rural Development over the chips-tax was shifted to next week. The industry representatives wrote a letter two weeks ago to...
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Magazine: Are traditional places of shopping still important?
Date: 2011-10-19 11:39:34
Thanks to the significant changes that occurred in Hungarian retail in the past 15 years hypermarkets, cash&carrys, supermarkets and discount stores became more significant places for shopping, to the detriment...
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Compaint about the privatisation of Budapest Airport
Date: 2011-10-19 10:19:20
Commissioner's Office of the Government has made a criminal complaint in the matter of some €85m in damages to the Hungarian state resulting from the failure of the owner of...
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Ipsos Global @dvisory: The Economic Pulse of the World
Date: 2011-10-18 17:33:23
A 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...
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The separate sectoral taxes will be terminated from 2013, the bank tax will be halved
Date: 2011-10-18 14:59:06
The separate sectoral taxes will be terminated from 2013, the bank tax will be halved The sector specific taxes will be terminated from 2013, the bank tax will be halved...
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Agricultural emission was of 1800 billion HUF last year
Date: 2011-10-18 14:51:06
Last year, despite the bad weather, the agricultural output has seen a 10 percent growth, reaching 1800 billion HUF – Rural Development Minister Sándor Fazekas announced on Tuesday at the...
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Chips-tax: coffee escaped
Date: 2011-10-18 14:50:54
The NGM and the Rural Development Ministry would impose taxes on coffee, the Ministry of National Resources would not, but now the market participants have also started intense lobbying. The...
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Less than third of online shoppers pay with credit card
Date: 2011-10-18 14:43:31
In case of online ordering, less than a third of the customer pay by credit card – shows the most recent survey of KutatóCentrum. During a year, the proportion of...
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Hungary's largest shopping center opens spring 2013
Date: 2011-10-18 14:31:25
With the construction of the second phase of the Árkád in Budapest Hungary's largest shopping center trade area will be established in 2013 in the Örs vezér square. The construction...
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NAV: The deadline of chips-tax is approaching
Date: 2011-10-18 14:20:09
The deadline of public health taxes so called chips-tax is approaching – told the National Tax and Customs Administration (NAV) to MTI on Tuesday. According to the Communication; the tax...
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ZEW index: German business sentiment decreased
Date: 2011-10-18 12:20:41
German investor sentiment fell in October. More and more signs indicates that the European debt crisis may spread to the banking sector. According to the survey of the German ZEW...
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Magazine: Price-value ratio is decisive when buying food
Date: 2011-10-18 11:49:36
Nielsen conducted a survey in 55 countries, which revealed that 47 percent of Hungarian consumers are influenced in their food buying decisions by the price-value ratio of a product. 43...
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Coface country risk assessments: deterioration in Europe and in the United States
Date: 2011-10-17 19:08:06
Coface notes a deterioration of the average strength of companies in Europe and in the United States and is placing on negative watch, or removing positive watch of, 8 developed...
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SAPS-payment to farmers began
Date: 2011-10-17 18:57:12
The payment of the unified support per territory (SAPS) has begun this Monday by the Ministry of Agriculture and Rural Development. As a whole, a total of 280 billion HUF...
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Seven hundred companies on the positive consumer protection list
Date: 2011-10-17 12:50:35
Across the country more than seven hundred companies are included to positive consumer protection list – told Pintér István, the Director General of National Consumer Protection Authority on Thursday in...
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Chamber of Agriculture: support can be requested for winery machines
Date: 2011-10-17 12:40:41
The support for winery machines and technical equipment can be requested from the 17th of October. SMEs can request a 40 percent, while large corporations a 20 percent support from...
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42 wines from 14 wineries in three cities
Date: 2011-10-17 12:28:23
The vitors of the Bországjárás wine region presentations can become acquainted with 42 wines of fourteen somlói wineries – including the Györgykovács, the Kolonics, the Kreinbacher or the Laposa between...
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Magazine: The majority of Hungarian consumers mostly improvise when buying food
Date: 2011-10-17 11:47:04
Hungarians’ main motives for buying food are very different from the European average. Most Hungarians improvise and go shopping when they have run out of something. On the contrary, the...
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ÉFOSZ: ” The government continues to punish the Hungarian food industry”
Date: 2011-10-14 14:10:43
According to the National Food Processors Association (ÉFOSZ), the government continues to punish the Hungarian food industry with higher tax, does not think about its economic consequences. The professional organization...
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NGM: export pulled the expanding industrial production
Date: 2011-10-14 14:00:33
The industrial production in August was 4.4 percent above the year-ago level, while total sales were 2.5 percent higher, than in August 2010 – said the National Economy Ministry (NGM)...
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