Market News
The excise tax increase may appear in consumer prices
Date: 2011-09-08 13:10:24
According to traders; the government's intention to increase taxes is moderate, but the increase in excise duty willentirety appear in consumer prices. It is excluded that the trade could swallow...
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The majority owner of the Magyar Cukor Zrt. prepares for price increase
Date: 2011-09-08 12:40:03
The Austrian Agrana group, which is the majority owner of the Magyar Cukor Zrt. is expected to increase sugar prices by more than 20 percent from October – told Johann...
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Central European Top 500: The consumer goods manufacturers and trading companies are among the losers
Date: 2011-09-08 12:31:07
The Deloitte compiled the Top 500 list of the Central European companies. Mol holds its 2nd position with its 15,530 million euros net income of last year, while Audi Hungária...
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More support for the restructuring of vineyards
Date: 2011-09-08 10:31:20
Farmers receive about 12 billion forints in the next two years, for the restructuring of vineyards – the Ministry of Rural Development (VM) has informed MTI. For community-financed program for...
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Fruit prices go up in Slovakia
Date: 2011-09-08 09:02:46
According to initital estimates, high-quality fruit will get 10-30 percent more expensive in Slovakia – daily Új Szó from Bratislava pointed out this week. Apple-crop is expected to be about...
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Hungary's competitiveness improved four places
Date: 2011-09-07 13:20:38
Hungary stands on the 48th place from last year's 52nd place in the global competitiveness ranking of the World Economic Forum (WEF) in 2011 – announced Palócz Éva, CEO of...
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Industrial production growth may be six percent this year
Date: 2011-09-07 13:00:35
Both the external and internal demand fell, so the industrial production increase in July was better than expected, but analysts polled by MTI expect a 6 percent annual growth. In...
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One sow per one small farm
Date: 2011-09-07 12:41:59
The government's pork sector strategy is based on the doubling of the pig population. The first step of the strategy is to increase the domestic pig stocks with 800 thousand...
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Visa: The driving back of cash use would help the fight against underground economy
Date: 2011-09-07 12:40:57
According to the study of Visa Europe; the size of the European shadow economy can be 2,100 billion euros, which is an average 20 percent of the GDP in the...
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The European Court of Justice protects the GM-free honey
Date: 2011-09-07 12:40:03
The European Court of Justice on Tuesday strenghtened the right of the beekeepers and consumers to GM-polluted free honey. The Court decided that for the distribution of honey containing pollution...
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Magazine: A supermarket chain sits on top of the retail ranking
Date: 2011-09-07 10:51:32
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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Home pálinka distillation: the rented distilerries are the winners
Date: 2011-09-07 10:20:35
From September 2010 it is legal to produce a small amount of pálinka at home. The idea of the Fidesz received plenty of professional and political criticism. The associations and...
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Vegetables already stepped on the brake
Date: 2011-09-06 23:45:47
In June 2011 the average consumer price dropped by 0.2 percent from the previous month; compared with June 2010 it was up 3.5 percent. The pensioner consumer price index was...
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May growth creates new hope
Date: 2011-09-06 23:44:28
In May 2011 the volume of retail expanded by 0.7 percent – reports KSH. Domestic retail network and mail order companies generated sales of HUF 646 billion in May. 45...
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Wages increased moderately
Date: 2011-09-06 23:42:49
2,667,000 people were employed at enterprises employing a minimum of 5 people, at budgetary institutions and at observed non-profit organisations in January-May 2011. In the same period gross average wages...
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Inflation in Hungary: higher then the EU average
Date: 2011-09-06 23:31:40
In May 2011 consumer prices were 3.2 percent higher on average in the EU-27, compared to prices in May 2010. After the 2.8 percent in April, in May the rate...
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Prices in the food industry climbed 10 percent
Date: 2011-09-06 23:22:25
Domestic sales prices in the food industry were up 0.3 percent from the previous month in May 2011 and if we compare them with May 2010 we can see a...
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Everything will be mixed
Date: 2011-09-06 22:52:38
Liefmans cherry beer is also used for making low-alcohol cocktails. It has a special flavour in itself, but with the addition of orange juice and whisky or white rum and...
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Alcohol and tobacco excise tax will increase
Date: 2011-09-06 17:00:48
The government insists on reducing the state debt – said Prime Minister Orbán Viktor after the cabinet meeting held in Lovasberény. Matolcsy György Economy Minister told that the excise duties...
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The MSSZ worries for the Hungarian pig sector
Date: 2011-09-06 13:10:00
The Hungarian pig Association (MSSZ) continues its demonstration in the autumn, if substantive sector decisions will not be made – told Sákán Antal, president in the organization's communication. According to...
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During the summer, the purchasing price of eggs increased significantly in the EU
Date: 2011-09-06 12:50:43
According to the report of the European Commission; the purchasing price of eggs increased significantly in July and inAugust. The current EU average price is 117 euros per one hundred...
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Eating insects against food shortages?
Date: 2011-09-06 12:21:58
Brussels experts believe that eating insects could solve the food shortage in an environmentally friendly way. The meat of beetles, worms and other reptiles is low in fat and cholesterol....
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The Ministry of Rural Development would increase the public burden of the quality of drinks
Date: 2011-09-06 12:20:27
The rural development minister would increase significantly the excise taxe on counterfeit drinks and pálinka imitations. According to Fazekas Sándor, the market would be cleaner if they would raise up...
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GMO-tainted croplands and compensations
Date: 2011-09-06 11:04:33
The government is about to offer farmers compensation of HUF 360 000 per hectare for GMO-tainted cropland, the Ministry of Rural Development informed MTI. The ministry pointed out that the...
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FruitVeB: the vegetables are too expensive
Date: 2011-09-05 14:00:32
Vegetables are too expensive, even though they should not be – says Mártonffy Béla, the Chairman of FruitVeB Hungarian Fruit and Vegetable Marketing Board and Interprofessional Organisation. Producers only receive...
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The gross real wage decline continues
Date: 2011-09-05 13:50:34
Due to the moderate wage increases in 2011, the gross real wages decreased again, so by ignoring the effects of tax changes, the workers' gross wages increased less than the...
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The electronics market has recovered
Date: 2011-09-05 13:10:05
The industry participants have concluded deals worth of 3.5 billion euros in Berlin during the IFA consumer electronics and domestic exhibition and fair lasted until the 7th of September –...
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Fifty million forint-improvement by the mineral water bottling company
Date: 2011-09-05 12:38:43
A fifty million forint-improvement has been carried out by mineral water producer and bottler VitaQuelle Co. in the company's outlet in Vasszilvágy. The Győr-based company is owned by Balázs Matusz,...
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The price of cooking oil may reach 500 HUF per liter
Date: 2011-09-05 12:30:07
Already there are a few parcels, where the sunflower harvest began, in the next few weeks, the plants will be harvested from more than half a million hectares. The sunflower...
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Euro zone retail sales decreased
Date: 2011-09-05 12:26:46
In an annual comparision, Euro zone retail sales in June became worse than expected, while the monthly data shows an increase. Compared to the same period of last year, retail...
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