Market News
Record amounts of corn harvest in the United States
Date: 2009-08-13 00:01:30
According to the most recent datas of the U.S. Ministry of Agriculture a record corn harvest and decrease in prices are expected. The projections show that the corn harvest this...
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Separate shops are more preferred than plazas
Date: 2009-08-12 00:11:00
According to the June research of GKI; Hungarian buyers prefer more Separate shops than shopping malls. More than one-third of the asked purchases mostly in separate shops. One quarter of...
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5.1 percent price increase in one year
Date: 2009-08-12 00:10:00
According to the datas of KSH, the one month's average consumer price increase was 1.3 percent in July 2009. Compared to July 2008 the prices increased by 5.1 percent, if...
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Sziget is good for everyone
Date: 2009-08-12 00:04:35
The organizers of Sziget Festival, can only calculate whether a profit has been made, after the event. But businesses can reckon on the additional economic benefits of the Festival. The...
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Hungary and Ukraine have the worst business climate in the region
Date: 2009-08-12 00:03:00
According to the survey of Thomson Reuters OeKB the perception of the foreign companies operating in Eastern Europe, on their own business environment and the whole economy strongly improved. According...
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According to the Ministry of Economy, there is no need for qualified cashier
Date: 2009-08-12 00:01:30
The new regulation of the Ministry of Economy would abolish the requirement of vocational training for the most of the trade jobs. The trade union fears from the obsoletion of...
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The retail sales of cleaners and hair dyes increased extremely
Date: 2009-08-11 00:06:12
According to Nielsen Market Research Company, the retail turnover of household chemical goods and cosmetics grew by 3 percent approaching 300 million HUF per year. Nielsen based its survey on...
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The National Trade Association afraid of bankruptcy wave
Date: 2009-08-11 00:05:22
According to Vámos György the Secretary-General of the National Trade Association, the damage caused by the two-digit VAT increase will bankrupt traders, entrepreneurs, especially retailers. One of the chain of...
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Wineries not dare to improve
Date: 2009-08-11 00:04:30
Wineries’ planned investments of this year can fail. Banks cut back on their lending activities due to the crisis, so capital poor wineries will not have excess despite having successful...
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A decreasing interest on cereals
Date: 2009-08-11 00:01:20
According to the Hungarian Chamber of Agriculture; wheat’s price is 30 thousand HUF per tonne due to the small demand for grain. The price of autumn barley is only 25...
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Crisis do not put a large effect on the toilet paper and paper handkerchiefs consumption
Date: 2009-08-10 00:09:30
The retail sales of household paper increased by 10 percent between July 2008 and June, 2009, compared to the previous comparable period, and exceeded of 42 billion forints – states...
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Half million hectoliters less beer consumed last year than 2007
Date: 2009-08-10 00:08:30
The economic crisis has reached the Hungarian brewing industry. The total sales of the breweries decreased by 7 percent, compared to the previous year. The growth trend of the previous...
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The reputation of the large Hungarian companies became measurable
Date: 2009-08-10 00:07:00
The reputational ranking of the largest companies has been completed. The B & P BrandAktív measured the social assessment of 40 leading domestic companies in the last two months. The...
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It will be easier to open small shops in the future
Date: 2009-08-10 00:04:00
The government would liberalize the trade activities significantly in the future. It will be enough to report to the competent notary the opening of a new shop. The simplification is...
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Eight out of ten women feel compunction, after big shoppings
Date: 2009-08-10 00:02:30
According to a survey ordered by British ice cream manufacturer company Skinny Cow, 83 percent of women feel compunction, after shopping and overspending. The ladies mostly feel unpleasant because of...
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Pigs in urban gardens
Date: 2009-08-10 00:00:30
More and more British families believe, that it is not necessary to buy expensive food from hypermarkets. The food produced by themselves is more delicious, cheaper, and likely to be...
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The GVH has terminated the investigation connecting to Food Code
Date: 2009-08-07 00:03:15
Economic Competition Authority terminated the investigation against the signatories of the food code. The code was not suitable to restrict competition in the market, and did not come into force...
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Food retail increases since last December
Date: 2009-08-07 00:03:10
According to Nielsen market research company’s report called ’Economic Current’ on monthly trends; The effects of recession on food retailing slowed down in the ten major market of the world....
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A growing number of cheap, own branded goods are purchased
Date: 2009-08-07 00:03:00
According to the datas of GfK Hungária Consumer Tracking, the Hungarian households left nearly 4 percent less money at the shops for household chemical goods and food in the first...
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Decreasing savings, increasing consumption in USA
Date: 2009-08-07 00:02:00
According to the communication of the Ministry of Trade; private consumption increased by 0.4 percent in June, exceeded the forecast of the analysts of 0.3 percent. In May, on the...
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Sugar price reached its almost three-decade peak
Date: 2009-08-07 00:01:20
The price of the raw and refined sugar increased to its 28 year peak at the London Commodity Exchange. Traders expects further price increases. The reason of the extraordinary price...
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Euro area’s retail sales decreased further after May
Date: 2009-08-06 00:13:00
In June, retail sales decreased by 0.2 percent after the 0.5 percent decline of May, while analysts expected an increase of 0.3 percent. On an annual basis, the rate of...
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Manipulated shoots from the feathers extraction
Date: 2009-08-06 00:09:00
It turned out that the report showed in Swedish television was manipulated about the Hungarian feathers extraction. The case was brought because of incitement of torturing animals, but the investigation...
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Specials, discounts and coupons: learn to save during the crisis
Date: 2009-08-06 00:06:00
Because of the impact of recession, a serious change has occured in purchasing habits. Interest is growing towards discount stores, and towards the retailers' own-branded products. According to the recent...
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A mass of Hungarian pigs are carried to Romania
Date: 2009-08-06 00:00:30
At the eastern border of Hungary, Romanian purchases and deliveres a large mass of Hungarian pigs often on the back seats of Dacias, to get support after a few months...
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Wine reform comes soon
Date: 2009-08-05 00:09:00
The second phase of the EU wine market reform in Hungary started in early August. The relevant EU legislation is already available in two weeks – said Csaba Horváth, Secretary-General...
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Most people want the taxation of luxury items
Date: 2009-08-05 00:06:00
Most people would fill the loss of state revenues with the taxation of luxury items, while consider the financial sector and the car industry more negative. According to the survey...
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French farmers have to pay 330 million euros back
Date: 2009-08-05 00:04:30
According to the decision of the European Commission the French fruit and vegetable producers should pay back unfair state aid received between 1992 and 2002. Agricultural Minister Bruno Le Maire...
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The SME prosperity index of Ecostat has improved
Date: 2009-08-04 00:12:00
According to Ecostat’s prosperity index; the expectations of domestic SMEs, became better. The production forecast, for the next quarter is the best since last October; 22 perccent of the companies...
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Six times more import milk arrives to Hungary than before the EU connection
Date: 2009-08-04 00:11:00
At the beginning of the year, the purchasers gave 90 HUF per liter for high-quality milk, now only 59 HUF. According to experts the purchase price was reduced because there...
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