Market News

Tons of contaminated tofu found at an illegal food factory

Authorities found an illegal food factory in Vecsés, where tofu and maybe even meat was prepared for several months now, in commercial quantities. Only at the time of the raid,...

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Nézőpont Institute: We will have a more economical Christmas

According to the survey of the Nézőpont Institute; 53 percent of respondents will spend less for Christmas shopping this year than last year, and just 7 percent of them pay...

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Buy honey-cake rather than poppy-seed roll in the supermarkets

It is not worth to buy Christmas poppy-seed rolls in the supermarkets, because they do not sell high-quality. From honey-cakes many excellent products are available in stores – said the...

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This year's agricultural damages are around 150 – 180 billion HUF

2010 was a poor year for agriculture, has not seen in decades,. The government also intends to give compensation from next year's budget. This year is very difficult year for...

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The world's largest economy grew more modestly than expected

Contrary to the expectations of the Experts, U.S. GDP, grew more modestly in this year's third quarter than expected. According to the final datas of the U.S. Department of Commerce;...

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Gfk: More people listened to the radio in November

The last autum-month of the year showed an increase in terms of time spent on listening to the radio, which led to a higher contact-number for advertisers. In November 2010,...

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The prohibition of selling price below cost price may harm the interests of the consumers

According to the socialists; the law amendment idea may be anti consumer. The law amendment would prohibit sales below cost price in food trade – was said on yesterday’s agricultural...

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We rather save than borrow in 2010

The population turned towards savings instead of loans in 2010. The debate on pension, increases financial awareness among the population. More and more people see the importance of long-term savings....

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The land acquisition moratorium remains for a further 3 years

The European Commission approved the purchase of land moratorium for Hungary on Monday. This means the extension of land moratorium for a further three years for  EU citizens who are...

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The German consumer confidence declined slightly

Contrary to expectations, according to the survey of GfK AG, no further increase occurred. The German consumer sentiment, stayed near on its more three year peak of December. The January...

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Hungarian shopping tourism in Burgenland

About 20 percent of the 35 million euros revenue of the stores of Burgenland is left by Hungarian Christmas shoppers – told the Economic Chamber of Burgenland to MTI. Most...

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Snowfall and icy roads are threatening the retail of the UK

It might be, that the extraordinary snow will make the Christmas shopping in Western Europe impossible. In Britain for example, severe disruptions occurred in the transportation of goods, so the...

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The Church of England will open groceries

England's largest Christian church, the Church of England encourages the managers of church buildings, to permit the operation of groceries with bank terminal facilities in the churces in almost every...

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Pay attention to the raw egg dishes

Meals prepared with raw eggs and minced meat could be harmful to health, if they are not well prepared or boiled – warns the Hungarian Food Safety Office (Mébih), before...

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GKI: Forecast for 2010-2011

This year economic trends were basically in line with the forecast of GKI prepared in September 2010. The Hungarian economy is recovering slowly from the recession. In the world economy...

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Law proposal to protect the suppliers

The amending legislation of Font Sándor is willing to prevent the suppliers from passing the burdens of the crisis tax imposed on the commercial sector. The proposal, that can be...

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Nearly four thousand tons of sausage will be consumed at New Year's Eve

The population purchase the one-seventh part of the annual sausage quantity for New Year's Eve: approximately 3,800 tonnes of sausages. At the purchasing decisions the primary aspect is the favorable...

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Jam and syrup: premium quality deserves a special signal

The legislation of the jam and syrup product category has been finished. This is part of a two-tier regulation. The Ministry of Rural Development is transforming the Hungarian Food Codex...

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More and more product partners join to Lyoness

In the second part of 2010, the number of Lyoness card product partners greatly increased. More and more companies consider it important to join the purchasing community, containing more than...

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The money of Sopron, the kékfrank is popular

110 million people are using local money worldwide – said Perkovátz Tamás, the president of Ha-Mi-Összefogunk Európai Szövetkezet (Ha-Mi) issuer of the kékfrank. The kékfrank was printed at the Hungarian...

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MGYOSZ opposes the restriction of Sunday work

According to the resolution of MGYOSZ; the ban on Sunday work may result in rising unemployment, increasing public spendings, declining revenues, may also hinder the competitiveness of Hungary’s economy compared...

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Slovakian shopping tourists occasionally leave five or six hundred euros in Hungary

Before Christmas, shopping tourism always increases significantly. From Hungary, many people travels to the neighboring countries, but not only Hungarians travel abroad, a high number of foreign buyers also arrives...

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The confidence index has lost momentum: Europe's consumers are concerned

December's consumer confidence decreased in the euro area, due to the concerns about the debts of several countries in the region. According to the preliminary datas of the European Commission...

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GKI's economic sentiment index finished the year at record high

In December the value of GKI's economic sentiment index adjusted for seasonal effects stayed at the level of November. The index has not been as high as now since four...

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Here's Hungary's first self-service checkout

Of all Hungarian retailers, Tesco is the first to introduce self-service check-outs. In the recently-opened Dunakeszi-Fót-based Tesco outlet, the 4 new cash-registers were introduced on Friday: here customers get the...

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OKSZ: positive retail sales expected in December

In December, a five percent increase may occur in the value of the year end spendings. In a favorable case, the retail turnover may be up to 840-850 billion HUF,...

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Performance-based payments for next year

Regus, the world's leading provider of innovative workplace solutions, predicts a growing trend toward performance-based pay for 2011. According to the survey of Regus; the bonuses will be replaced by...

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Szepsy István is praised as the winemaker of the century in Poland

The most prestigious Warsaw-based Polish wine professional magazine, the Magazyn Wino has chosen Szepsy István as the man of the year. Before the Grand Prix awards ceremony an international jury...

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Nationwide inspection, because of the honey scandal

Offense to the police was carried out against the Pannon Honig Kft. because of the suspicion the company sold unmarked honey, that contained antibiotics over the health limit. Fazekas Sándor...

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KSH: 131 700 HUF is the average net earning

Real wages beside the 5 percent growth of the consumer price index, increased by  2.8 percent in January-October, mostly due to the changes in the personal income tax rules –...

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