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Market News

Code or law?
Date: 2009-07-01 08:00:00

The Food Product Code should have come into effect on 1. July. However, an enquiry has been launched by the Competition Office upon suspicion of the Code being contradictory to...

IT sneaking into stores unnoticed
Date: 2009-07-01 08:00:00

In modern stores, we are becoming users of sophisticated IT systems without even noticing it. In some countries, advanced digital systems have already invaded stores, with IT systems making shopping...

Price riddle
Date: 2009-07-01 08:00:00

Farmers always seem to have problems. This year, it’s the draught, which is estimated to have caused a loss of one hundred billion forints so far. According to irrigation experts,...

Decreasing volume, improving balance
Date: 2009-07-01 08:00:00

Exports totalled HUF 1,381 billion in April 2009, while imports totalled HUF 1,256 billion. Export was down by 29 percent calculated in EUR, while import was down by 35 percent...

Parliament accepted food product line laws
Date: 2009-07-01 00:15:00

On 29 June by extra procedure, the parliament accepted food product line laws without any votes against. The National Trade Association (OKSZ) protested in a communication. The law listing itemized...

Hungarians spends 80 billion HUF on cheese
Date: 2009-07-01 00:12:00

According to Nielsen market research company; cheese is the food which has one of the biggest turnover. The retail sales of cheese are stable and, exceeds 80 billion HUF per...

Drought and storm – the prospects of Hungarian wheat
Date: 2009-07-01 00:10:00

Because of the drought, harvest began before the traditional date this year, especially in the southern counties. Rainy weather has no crop increasing impact, in some places it can cause...

Just a small increase in traffic before VAT increase
Date: 2009-07-01 00:09:00

Compared with the usual, small or no increase had been measured in traffic in the stores before the VAT increase of 1 July. According to Hackl Mónika Tesco's head of...

Stable Fruit Consumption
Date: 2009-07-01 00:05:00

According to the Central Statistical Office; in 2007, food consumption per person was 194 kg, which is one of the lowest value of the decade. Fourteen percent was spent on...

Firms do not save on training
Date: 2009-07-01 00:02:00

Four-fifths part of the companies did not reducted the expenditure on education in the past half year, despite the financial difficulties – reveals the survey of British Institute of Directors....

Lapsing vegetables and fruits standards in the European Union
Date: 2009-06-30 00:28:33

From the 1st of July, despite protests of the big producers, the community level marketing standards for 26 different vegetables and fruits will be terminated. The EU regulated since the...

Stagnant economy and rising unemployment
Date: 2009-06-30 00:25:57

According to Ecostat and Világgazdaság the economy stagnated in June. According to the datas of Central Statistical Office, the unemployment rate increased to 9.9 percent. The economy is still in...

Chemical residue was found in peppers and strawberries
Date: 2009-06-30 00:15:00

The Levegő Munkacsoport (Clean Air Action Group) found chemical residue above the permissible limit quantities in peppers from Morocco and strawberries from Hungary. The civil organization investigated 17 strawberry and...

USA – savings rather than consumption
Date: 2009-06-30 00:12:00

The deposits of commercial banks increased 1.7 percent and reached 7,500 billion USD in May. If the savings rate rises with the same intensity, a new recession could hit the...

Since nine years there was not so many empty shops downtown, like in the 2008
Date: 2009-06-30 00:09:00

According to the mid-year survey of Ecorys Hungary international consultant company; the downtown business market faces the highest vacancy of the past 9 years. This year, 16.8 percent of the...

Hungarian corn will be utilized by the European Union
Date: 2009-06-29 00:05:00

The European Union will utilize16 thousand tonnes of corn, from the 2004 and 2005 harvest probably cheaper than the intervention price. Offers should be submitted by mid-December 2009. The stock...

Fair trade might be a subject to vote on Monday already
Date: 2009-06-26 00:25:41

The entire parliament has supported the bill about fair trade stating that it should depend on the agrarian minister's decision whether or not the competition authority should proceed in certain...

National Commercial Association did not expect bill to be tabled
Date: 2009-06-26 00:20:00

National Commercial Association (OKSZ) disapproves the fact that members of the parliament have tabled a bill in connection with Food Codex prior to the agreement on 24th June. They are...

A 3.4% year-on-year decrease in the volume of retail sales in the first four months of 2009
Date: 2009-06-26 00:17:00

In April, retail sales continued to decrease at an increasing rate, showing a decrease in volume of 4.1% compared with last April. Compared to the previous month, the volume of...

Retail sales remain weak in Great Britain
Date: 2009-06-26 00:11:00

Retail sales in Great Britain fell for the second month running in the year to June, following April’s brief respite, the CBI announced this week. The decline, broadly in line...

Stockmen in Vas may get nearly six billion HUF
Date: 2009-06-26 00:06:00

Farmers in Vas County have won 5.8 billion HUF from the European Agricultural and Rural Developmental Found in order to make settlements more up-to-date – an arictle by Origo states....

British business services sector may lose over 300 thousand jobs
Date: 2009-06-26 00:02:00

Over 334,000 jobs will be axed across the business services sector by 2011 – the Centre for Economics and Business Research (CEBR) warned. The study conducted by CEBR suggests that...

UN-OECD outlook: growing food prices in the next ten years
Date: 2009-06-25 00:09:33

Increased demand for biofuels driven by high oil prices is causing fundamental changes to agricultural markets that could drive up world prices for many farm products, according to the new...

The agrarian branch may be a way out of recession
Date: 2009-06-25 00:09:30

Significant changes occurred in the agrifood chains and related market relations throughout Central and Eastern Europe during the last decades, results are stable now – professor Csaba Csáki pointed out...

Preferential tax for benifits in kind
Date: 2009-06-24 00:15:52

Based on a new agreement by National Interest Reconciliation Council, benifits in kind are not being taxed according to the 32 percent general, but the 25 percent preferenitial tax key....

The way GKI sees 2009
Date: 2009-06-24 00:10:01

For Hungary (and for every other emerging country) the period of ample liquidity finished that came to en and last year meant that missing domestic savings could be substituted with...

Hungarian customers get information online before shopping
Date: 2009-06-24 00:09:00

Hungarian customers do obtain information online before doing the actual shopping in most of the cases – according to a survey conducted by TNS Infratest, ordered by Google. Thousand customers...

VAT-war goes on: OKSZ denies its responsibility
Date: 2009-06-23 00:15:00

OKSZ (National Commercial Association) denies the assumption that they abuse producers' market strength when it comes to the VAT-rise. Hungarian food producers have made their complaints at the Commercial Competition...

Drink makers afraid of VAT-changes
Date: 2009-06-23 00:13:00

While certain areas of the Hungarian alcoholic beverages market will hardly be affected by tax changes, other segments may suffer greatly. Csaba Horváth, secretary general of Hegyközségek Nemzeti Tanácsa said...

Retails aiming to increase less than expected
Date: 2009-06-22 00:22:05

Retail companies are not planning to add the 5 percent VAT-rate increase to all their prices, to be introduced on 1st July – companies interviewed by MTI pointed out. The...

Oldal

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Code or law? Date: 2009-07-01 08:00:00

IT sneaking into stores unnoticed Date: 2009-07-01 08:00:00

Price riddle Date: 2009-07-01 08:00:00

Decreasing volume, improving balance Date: 2009-07-01 08:00:00

Parliament accepted food product line laws Date: 2009-07-01 00:15:00

Hungarians spends 80 billion HUF on cheese Date: 2009-07-01 00:12:00

Drought and storm – the prospects of Hungarian wheat Date: 2009-07-01 00:10:00

Just a small increase in traffic before VAT increase Date: 2009-07-01 00:09:00

Stable Fruit Consumption Date: 2009-07-01 00:05:00

Firms do not save on training Date: 2009-07-01 00:02:00

Lapsing vegetables and fruits standards in the European Union Date: 2009-06-30 00:28:33

Stagnant economy and rising unemployment Date: 2009-06-30 00:25:57

Chemical residue was found in peppers and strawberries Date: 2009-06-30 00:15:00

USA – savings rather than consumption Date: 2009-06-30 00:12:00

Since nine years there was not so many empty shops downtown, like in the 2008 Date: 2009-06-30 00:09:00

Hungarian corn will be utilized by the European Union Date: 2009-06-29 00:05:00

Fair trade might be a subject to vote on Monday already Date: 2009-06-26 00:25:41

National Commercial Association did not expect bill to be tabled Date: 2009-06-26 00:20:00

A 3.4% year-on-year decrease in the volume of retail sales in the first four months of 2009 Date: 2009-06-26 00:17:00

Retail sales remain weak in Great Britain Date: 2009-06-26 00:11:00

Stockmen in Vas may get nearly six billion HUF Date: 2009-06-26 00:06:00

British business services sector may lose over 300 thousand jobs Date: 2009-06-26 00:02:00

UN-OECD outlook: growing food prices in the next ten years Date: 2009-06-25 00:09:33

The agrarian branch may be a way out of recession Date: 2009-06-25 00:09:30

Preferential tax for benifits in kind Date: 2009-06-24 00:15:52

The way GKI sees 2009 Date: 2009-06-24 00:10:01

Hungarian customers get information online before shopping Date: 2009-06-24 00:09:00

VAT-war goes on: OKSZ denies its responsibility Date: 2009-06-23 00:15:00

Drink makers afraid of VAT-changes Date: 2009-06-23 00:13:00

Retails aiming to increase less than expected Date: 2009-06-22 00:22:05