Market News

Drought and storm – the prospects of Hungarian wheat

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...

Read more

Just a small increase in traffic before VAT increase

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...

Read more

Stable Fruit Consumption

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...

Read more

Firms do not save on training

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....

Read more

Lapsing vegetables and fruits standards in the European Union

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...

Read more

Stagnant economy and rising unemployment

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...

Read more

Chemical residue was found in peppers and strawberries

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...

Read more

USA – savings rather than consumption

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...

Read more

Since nine years there was not so many empty shops downtown, like in the 2008

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...

Read more

Hungarian corn will be utilized by the European Union

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...

Read more

Fair trade might be a subject to vote on Monday already

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...

Read more

National Commercial Association did not expect bill to be tabled

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...

Read more

A 3.4% year-on-year decrease in the volume of retail sales in the first four months of 2009

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...

Read more

Retail sales remain weak in Great Britain

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...

Read more

Stockmen in Vas may get nearly six billion HUF

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....

Read more

British business services sector may lose over 300 thousand jobs

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...

Read more

UN-OECD outlook: growing food prices in the next ten years

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...

Read more

The agrarian branch may be a way out of recession

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...

Read more

Preferential tax for benifits in kind

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....

Read more

The way GKI sees 2009

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...

Read more

Hungarian customers get information online before shopping

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...

Read more

VAT-war goes on: OKSZ denies its responsibility

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...

Read more

Drink makers afraid of VAT-changes

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...

Read more

Retails aiming to increase less than expected

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...

Read more

Bus-tourism may see a 15 percent increase this year

Bus-tourism is more popular than ever all over Europe, and this tendency is already visible in the Hungarian foreign trade trends as well – an article by Világgazdaság states. A...

Read more

European farmers expecting EU to stabilize dairy market

European Union leaders called on the European Commission to study how to stabilise the dairy market, and put a halt to falling prices of import dairy products in Europe. Austria,...

Read more

Shrinking expo markets, but it is better than expected

The economic crisis affected the exhibitions and the events as well. Less exhibitors, renting less exhibition spaces on fairs and on exhibitions. Downturn was 10 percent so far, however, the...

Read more

Economic Competition Authority enters 'VAT-war'

Economic Competition Authority was informed that the from 1 July some retail businesses turned to its suppliers with a call for price reduction. Economic Competition Authority seeks to clarify the...

Read more

Almost 4 billion euros had been disappeared in the German retail market, last year

Last year, 3.9 billion euros inventory shortage has been generated in the German retail market. Thieves are responsible for 2 billion euros, but the rest disappeared by the result of...

Read more

Budapest is the eighth most popular Conference venue

Budapest moved to eighth place from the former twenty-fourth in the 2008 year ranking of the Union of International Associations (UIA) on the list of the most popular Conference venues....

Read more
Oldal