Market News
A Stable Agricultural Market is in the Interests of the EU and Hungary
Date: 2011-06-28 11:17:13
Stable agricultural markets and predictable prices are in the interests of both the EU and Hungary – said Minister for Rural Development Sándor Fazekas, summarising the discussions held during the...
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The public health product taxes would be applied on five product groups
Date: 2011-06-27 16:40:12
According to the proposal, that was submitted to the parliament on Friday by two MPs of Fidesz; the so-called hamburger tax would be applied on five product groups. After she...
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Chocolate prices may increase by 20 percent this summer
Date: 2011-06-27 16:10:19
After the price increase of sugar, the chocolate will soon be a luxury item. Within a few weeks we have to pay more for candies. Hungarians last year consumed 60...
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So far only five countries can export vegetables to the Russian market, Hungary is not among them
Date: 2011-06-27 13:30:20
The Russian authorities permits the restarting of vegetable exports for five countries. Hungary is not among these countries yet. The Russian consumer rights supervision can permit the restarting of vegetable...
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The Ministry of Rural Development considers banning of some unhealthy food products
Date: 2011-06-27 13:10:47
Some unhealthy foods would be banned from the Hungarian market and their sale would be pushed back with economic tools – said Ángyán József, State Secretary of the Ministry of...
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Three wines won the Veszprém County's Wine recognition
Date: 2011-06-27 13:02:10
The top quality wines of Veszprém county have been selected: Among the 36 wines of 23 experts a total of 14 were found worthy for the final jury, three of...
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European Commission: the dietary food denomination should be deleted
Date: 2011-06-27 13:00:04
According to the concept of the European Commission; the dietary food denomination should be deleted to fill in the legislative gaps of the EU, and to restrict the companies' access...
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A good harvest is coming
Date: 2011-06-27 10:16:48
Winegrowers can take it easy now: seems like this year's harvest is going to be successful. Hungarian winegrowers can reach a total of 3.5 million hectoliter wine-harvest in 2011, according...
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Thousands of jobs might be created by Chinese companies in Hungary
Date: 2011-06-27 10:14:55
The parties attending the plenary session of the Hungarian-Chinese Joint Economic Committee in Hungarian Parliament on 22 June 2011 discussed new initiatives with the aim of expanding and intensifying bilateral...
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José Graziano da Silva of Brazil elected FAO Director-General
Date: 2011-06-27 09:35:31
José Graziano da Silva of Brazil was elected Director-General of the UN Food and Agriculture Organization (FAO) today. Graziano da Silva, who is 61, received a total of 92 votes...
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New competition by the Food and Agricultural Organization of the UN
Date: 2011-06-27 08:44:31
2567-CIO – Information & Communications Technology Officer P-4 Deadline: 21st July 2011. The entire material can be downloaded here…...
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Four Hungarian FMCG-companies to be closed
Date: 2011-06-24 17:44:56
The so-called hamburgertax is going to affect all products containing too much sugar, salt or coffein. This way, companies like Coca-Cola, Pepsi, Nestlé or Chio will have to pay an...
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Hungarian candy industry is facing a bitter year
Date: 2011-06-24 16:43:01
The new hamburgertax – officially called national health care product-tax – offers a bitter year for the Hungarian Sweets Industry, especially considering that incredients have also faced a rather significant...
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Retail sales decreased by half percent in the first four months
Date: 2011-06-24 13:45:35
The retail shops – on the basis of the calendary adjusted datas – in April 2011 had 1.3 percent sales volume, compared to April 2011. Retail turnover in the first...
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Consumption and and consumer confidence are still weak
Date: 2011-06-24 13:42:54
The retail sales are below the expectations, that can be threat on the growth prospects of the Hungarian economy – says Suppan Gergely senior analyst of TakarékBank. Retail sales were...
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EU food labeling: nutrient composition will be indicated on prepackaged food
Date: 2011-06-24 13:15:19
The Member States supported the compromise on food labeling, which was created between the Hungarian presidency and the European Parliament (EP) – states the Ministry of Rural Development (VM). The...
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The sugar delivered from the state stocks will be 275 HUF per kilogrammes
Date: 2011-06-24 13:12:43
A decision was made several weeks ago, that the two thousand tons of sugar, from the state stocks will soon be marketed. 1000-1000 tons will be marketed in the stores...
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The IDEA draw conclusions on sales decrease of chips and soft drinks from American experiences
Date: 2011-06-24 13:11:05
The Institute for Democratic Alternative (IDEA), analyzed the possible scenarios of the introduction of the public health product regulation. The Government intends that the revenues from the new tax would...
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The G20 will fight for the stability of food prices with a joint database
Date: 2011-06-24 13:10:27
The 20 most advanced economies creates a common database, in which they will inform each other on agriculture, food production, consumption and inventory datas. At the same time, they agreed...
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Almost half of the shopliftings are committed by a criminal organizations
Date: 2011-06-24 13:00:48
Almost half of the stolen goods from hyper-and supermarkets are by criminal organisations working for orders. The thieves cause tens of billions of forints worth damages every year – reports...
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The Váci1 soon to be ready
Date: 2011-06-24 12:50:29
The construction of the Váci1 business center, situated in the Vörösmarty square came to its final phase. This is Hungary's largest historical commercial real estate development of the recent years....
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Magazine: Record performance from our agricultural foreign trade in 2010
Date: 2011-06-24 12:43:26
In 2010 our HUF 5.8-billion export expanded faster (by 13.8 percent) than import (9.7 percent), therefore Hungary’s balance in agricultural foreign trade improved in spectacular fashion, by 22 percent. This...
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Online stores: a weak U.S.A. is the cheapest due to the weak dollar
Date: 2011-06-24 12:30:30
PayPal tested the offerings of more than fifty online stores. During the test, prices of various products were compared in Western and Central Europe and in the United States. The...
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REtail volume of chocolate growing in Hungary
Date: 2011-06-23 17:00:50
In eleven countries of the region – among them, Hungary – the retail volume of chocolate has been a 5.6 billion euros as a total between April 2010 and March...
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Hungarians spend more proportionally on alcohol and food, than the EU average
Date: 2011-06-23 15:00:18
In the European Union households spend an average of 11.9 percent of their income on food, while an average of 1.5 percent goes on alcohol. According to the recent research...
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Nearly half of the social shops closed in the last two years
Date: 2011-06-23 13:20:24
It looks like the model of social shops not working well in Hungary. A little more than half of the social shops have survived. The original goal of the shops...
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GfK: the Consumer confidence improved in the second quarter
Date: 2011-06-23 13:15:28
In the second quarter of the year, domestic consumer confidence, the confidence in the future and willingness to buy also improved – reports the GfK market research company. The Complex...
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The European Parliament adopted the new rules of online shopping
Date: 2011-06-23 13:10:58
The European Parliament (EP) overwhelmingly voted the new EU legislation on the Internet purchase in Brussels on Thursday. Accordingly, online shoppers, will have the possibility to change their minds and...
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EU vegetable exports to be restarted to Russia
Date: 2011-06-23 13:10:25
The EU vegetable exports to Russia can be resatrted even today, as the two sides agree on the delivery of food security conditions. Russia stopped receiving fresh vegetables from the...
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The global sugar production increases
Date: 2011-06-23 12:55:08
According to the analysts of the German F. O. Licht trading company; the global sugar production increases. In the 2011/12 season, 176 million tons of sugar production is expected, after...
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