Market News

Net earnings increased significantly

In the first four months, gross earnings increased by 2.6 percent, the net average earnings without taking the family allowances into account  increasedy by 4.5  percent, compared to the datas...

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The OECD and the FAO expects sustainable high food prices

In their joint Friday published analysis the two organizations also warn that violent fluctuations of the prices can also be typical in the period until 2020. The price level remains...

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Foreign executives expect Hungary's economic to be grow from the second part of 2011

The leaders of the international companies present in Central and Eastern Europe expect that the the economic boom will begin in Hungary in the second half of the year –...

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Hungary's autumn barley harvest could reach 600,000 tons this year

According to the Rural Development Ministry, Hungary's autumn barley harvest could reach 600,000 tons this year, state secretary György Czerván said within the compass of a press conference on Friday....

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GMO-contaminated soy cleaned

The Agricultural Office (MgSzh) ordered Pioneer Ltd. to clean the GMO-contaminated seeds from their 240 acres of land. Experts of the Agricultural Office have proven that more than 20 thousand...

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The people of Provance made beer already 2500 years ago

Provence in southern France is mostly famous of its wines, but it has also great brewing traditions: according to recent discoveries; people of Provance brewed ​​beer already 2500 years ago....

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The first FMCG company on Groupon’s website

Formerly many experts were of the opinion that the coupon trend would not reach the world of FMCG products because of their small profit margin and wide distribution. But General...

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EU-commerce, terrorism and drugs

The EU-US Workshop on Terrorist Financing was held under the Hungarian Presidency in Budapest on June 6-7, 2011. The Workshop was opened by Roland Nátrán, Deputy State Secretary, Ministry for...

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Hungarian wines classified according to EU-categories

Hungarian wines will be classified according to a new category-sytem commensurate with European Union norms, Rural Development Minister Sándor Fazekas announced at a press conference on Thursday. All Hungarian wines...

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Pálinka distilleries can obtain sources

At the settlements with fewer than five thousand inhabitants, the supportable micro businesses will be extended with the pálinka distilleries – said V. Német Zsolt, Secretary of the Ministry of...

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European supermarkets were awarded in eleven categories

The International Council of Shopping Centers (ICSC), handed over the recognitions of the shopping centers on Wednesday at the 2011 European Shopping Centre Awards. The recognitions were handed over in...

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A growing demand for luxury items

After the crisis, last year the sales of luxury goods broke a record again, especially in the emerging countries perceived high level of interest. According to the survey of the...

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The European online advertising market grew by fifteen percent

Among the online advertising types, display advertising grew the fastest last year by 21.3 percent, while the former catalyst of the market increased by a total of 15.1 percent –...

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National products in Europe

In Hungary the transformation of new or old brands is usually carried out by large multinational companies as the costs of innovation and advertising are high. Experience is that domestic...

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China is now the third most common destination for Cuban cigars

Cuba exported six million cigars more last year than in 2009, but the industry's performance does not reach the 100 million pieces export of 2008. As a result of the...

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While inflation is under four percent, food prices have risen well above the average

The rate of inflation was substantially lower than expected in May, and all signs indicate that the rate of price inflation will slow down in the rest of the year....

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The EU decision on food labeling was born

The Hungarian Presidency agreed with the European Parliament and the European Commission about the reform of food labeling – reported Reuters. Under the new rules, the energy, the salt, sugar,...

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Vegetable growers will be compensated by the end of the summer

The Union is providing 210 million Euros for the immediate assistance of vegetable producers – announced Commissioner Dacian Cioloş. The degree of compensation will be equal to 50% of the...

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The online coupon market is evolving at amazing speed

The turnover of the community purchasing web sites dealing with bonuses and coupons is expected to be more than two billion forints this year, but can reach three billion forints....

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The poultry-breeder can also be a processor

The biggest problem for the farmers in the poultry sector is the high feed prices – said Fazekas Sándor Rural Development Minister on Tuesday, in Kunmadaras. The Minister told that...

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The LMP urges a six-month network expansion moratorium

According to the LMP party, the National Assembly should proclaim a moratorium on the network expansion of the large retail chains as soon as possible. They fear that even before...

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Mineral waters under bottle pressure

Mineral water sales had been growing for years but this positive period turned into stagnation, which after a while lead to declining sales. Last year minus 3 percent was registered...

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The industry of the eurozone begins the second quarter with increase

Contrary to the analysts' expectations industrial production increased in the euro area in April, referring to a strong start in the second quarter. Industrial output, in the euro area rose...

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Customers' number one worry is food prices

The number of inhabitants in Hungary whose greatest worry is the price of food is four times more now than it was this time las year. Loans have become the...

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The public health product charges may bring rising inflation and a decrease in turnover

The trade does not have enough reserves to be able to “swallow” additional costs so – unless the manufacturers may assume part of the burden – it is expected that...

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The producer price of agri- products increased by nearly a half

The level of agricultural output prices in April 2011 was 45.2 percent higher, compared to a year ago – reports the Central Statistical Office. In particular, the price level of...

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The price of sugar may decline further

The price of sugar slowly but surely declined in recent weeks.The fall may accelerate in the forthcoming weeks, so it is worth to wait for those who want to make...

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The watermelon season starts with a positive outlook

This year's watermelon yield is forecasted to have superior quality, thanks to the good weather – said Simonka György, president of the Hungarian Watermelon Association. Nationally, farmers are growing watermelon...

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One and a halffold radiological contamination was measured in Japan's largest green tea plantation

Because of radiological contamination, a number of Japanese green tea processing companies stopped processing. One and a halffold radiological contamination was measured in Japan's largest green tea plantation. According to...

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Dairy farmers received a fifteen billion HUF support

Nearly 700 farmers applied for the animal welfare support that is accompanying the restructuring of the dairy sector – which means a total of more than 15 billion source for...

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