Market News

Russian consumer confidence index fall

According to Nielsen research, Russian consumer confidence plunged to an eight year-low in the final quarter of 2008.  The Nielsen survey said the consumer confidence index fell to 88 in...

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Next week closes the final meeting about Food codex

Yesterday the comittee have to recess the meeting suites because ot the extraordinarily day in the Parliament.  Members of the commitee are specialist of the ministry, representatives of the farmers,...

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Hungarian NO for GM maize

In spite of EU comission's warning Hungary will not repeal the cultivation ban for MON 810 maize hibrid – said Zoltán Gőgös for business daily Világgazdaság.  Last week EU called...

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Confidence continues to worsen

According to Ecostat's latest measure of confidence reveals the sentiment at Hungary's biggest companies as well as at SMEs continued to worsen in January.  Ecostat's TOP-100 measure of confidence at...

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Ten largest retailers raise 2008 sales by 8%

The ten largest retail chains in Czech Republic raised sales by Kc23.2bn year-on-year to a record Kc312.2bn in 2008, according to preliminary results released by analytical company Incoma Research and...

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The Hungarian Poultry Product Board takes legal action

Last week at Grüne Woche exhibiton in Berlin Hungarian goverment made efforts to promote the Hungary's position on goose liver producers.  Also Four Claws, Austrian animal rights activists protest agains...

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ÉFOSZ is bitterly against vat increasing

The Federation of Hungarian Food Industries (EFOSZ) is opposed to 5% vat increase for stabilize the Hungarian economy and the budget.  The federation said today the Hungarian vat is higher...

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Professional training near to the market's request

The ministry of work developes a new education program for professional training together with represents of the employers.  Last year more than 40,000 professinal trained people got unemployment benefit, lot...

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Active young men spent the most for Christmas

According to on-line study of Szonda Ipsos research company, 24% of Hungarian save money during the year for Christmas shopping, 4% of the responders borrowed.  20% of the responders spent...

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UK initiative for reducing houshold food waste

The UK’s top grocery retailers, brands and manufacturers have committed to an industry-wide food waste reduction objective for the first time.  The WRAP’s (Waste & Resources Action Programme) Love Food...

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Hungarian Trade Association is a lobbyist also for costumers

The organisation protest against some new rules and turn down the unfounded accusation, that the suppliers are in bad economic situation because of the retailers.   Hungarian Trade Association forecasts...

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Coface downgraded the financial ratings of 22 countrie

In the year 2008 shortfalls in payment increased dramatically and will continue to do so. In total, shortfalls in payment between companies increased by 47% worldwide.  According to Coface, the...

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Decreasing beer consumption in UK

First the smoking ban, than the financial crisis and an 18 per cent rise in duty on beer last year, these kayoed the British catering trade.  Beer sales in pubs...

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No sign of contaminated American peanut butter in Hungary

Salmonella-contaminated American peanut butter has not entered circulation in Hungary, Hungary's food safety authority (MEBIH) said on Tuesday.  Several European firms have distributed American peanut butter which is thought to...

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Nielsen stops PRISM Data System

“Given the nation's serious economic state, Nielsen and its clients have decided this is not the right environment to launch a national syndicated service,” the company said in the statement....

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Sales in hypermarkets also decreased in November

According to data of Hungarian Statistic Office, the volume of retail sales decreased by 2,0% in November, and by 1.9% in the first eleven months of 2008 compared to the...

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HUF 2.5 billion subvention for dairy firms

Agriculture minister József Gráf promisse central protection programs because of the low procurement prices.  The subvention means partly buying the dairy products, restart the school milk program in value of...

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Benefit for processor, retailer and consumer

The operetor of Quality Food from Hungary mark, the Agricultural Marketing Centre (AMC) urge on bigger collaboration.  According to a new research by AMC, the Quality Food from Hungary mark...

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Acceptance of holiday cheques increased

From January 2009 people can pay movie ticket, libery entrance, internet or adult education with holiday cheques.  The Hungarian Foundation of Holiday started its work 10 years ago. The aim...

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Extra duty for European food import

US wants to triple to 300 percent the import duty on world-famous Roquefort cheese, France turn to WTO.  The US move was the latest volley in a larger, 13-year-old trade...

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Hungarians have more PC, DVD and CD player as the European average

According to Nielsen study people use more PC or laptops as watching tv.  Nielsen asked 26,200 internet users in 52 countries about its home entertainment equipments. According to research 98%...

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One third of Hungarian on-line buyer are over 40 years

Internet is year to year more important as virtual market place – said GfK Hungária's Internet Insight Report.  According to the survey the number of intensiv internet users grow by...

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Salmonellosis Is In Decline

Campylobacter infections still topped the list of zoonotic diseases in the European Union and that the number of cases due to Salmonella infections in humans fell for the fourth year...

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Environmental Ministry offers paper bags instead of plastic

This year the green tax has changed, retailer must to pay more after the small plastic bags.  It is not necessary, that the price of fruits or bakery products must...

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Delta M Group comes out from Ukraine

The Serbian retailer last year developed a supermarket network called Smak in a joint venture with Ritzio Entertainment Group in Ukraine, has closed down its network.  RetailStudio reported the retailer...

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Penalty due to misleading ads and broken promissies

Hungarian Compatition Authority imposed a fine on three big retailers in total value of HUF 14 million.  Tesco have to pay HUF 10 million fine because misleading ads in its...

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EU plans global food stock chain

European Parliament call on the EU to take the lead in establishing a global food inventory regime and a global system of food stocks in order to provide adequate advance...

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EU restarts export subsidies for dairy

This week the European Union restarts export subsidies for butter, cheese and milk powder to help dairy producers hurt by falling prices.  The European Commission said it would also buy...

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Not the penalty is the cardinal goal

According to business daily Világgazdaság, the authority leaves time for the hospitality industry to get used to the new rules of inventory.  There is a panic between the caterers because...

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No agreement about the food codex

The commitee, co-ordinated by Ministry of Agriculture reassemble on 26th January.  Members of the commitee are specialist of the ministry, representatives of the farmers, producers and retailers. Some of the...

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