Market News

Meat products price grow over average

In June 2008 the producer price level of agricultural products was 21.6% higher than in June 2007. More specifically, the price level of crops and horticultural products increased by 20.5%...

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Less wine were sold, the prices are higher

According to GfK research company the most sold wine were the table wines, but year to year more quality wines are consumpted. 52% of Hungarian households bought some kind of...

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Dynamic Hungarian MS Companies

The common analysis of Coface Hungary and Financial Daily Vilaggazdasag found several hounderts of fast growing Hungarian enterprises.   The base of the analysis was the dynamic growing index by...

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Reconcilation about price of apple on sector level

On next Monday the ministry of Agriculture and the minister himself mediate between apple growers and processors. The high level of meeting is necessery because the farmers and the representatives...

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Compared to the previous month food prices decreased by 0.7%

In July 2008 consumer prices rose by 0.1% compared to the previous month and increased by 6.7% compared to July 2007. In the first seven months of 2008 the average...

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Palinka tour finished

Csaba Vasi, the member of Hungarian Palinka Order, cycled 2300 km in two weeks and met 37 palinka distillers. The tour finished on 9th August in Ozora, where the order...

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German July Wholesale Price Inflation is almost 10%

The Federal Statistical Office announced on Monday that the wholesale prices rose 9.9% year-on-year in July, recording the fastest growth since November 1981, when prices rose 10%.  July's annual growth...

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Letter of Advice from Tax Authority until end of October

This year 466,000 entrepreneurs and 1,584,000 privat persons or private entrepreneurs will get letter of advice, more than 50% of them about surtax on overdue payments. The Hungarian Tax and...

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English Households Throwing Away Less Food

According to a poll fifth of UK households say they are throwing away less food as the credit crunch tightens budgets.  The survey commissioned by Sainsbury's showed that the increasing...

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France considers higher tax on unhealthy food

The French government is considering raising taxes on unhealthy foods to as much as 19.6 per cent.   No decision has been made, but an expert report advocating an increase...

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Place for ads on mineral water flacons

Double Printing developed a communication instrument on the flacon's label, the company said the message is longer to read as at the flyers, it will be in the hands as...

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Victory of local tastes in the US

In an American research 82 percent of all customers told loud and clear, locally grown produce tastes better.   One of the biggest brand names in food this summer doesn’t...

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Germans plan Kinder egg ban

German politicians plan to ban the Kinder Surprise chocolate eggs, on the grounds that they are a safety hazard.  The children's committee of the German parliament, which is responsible for...

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Hungarians drink less roast coffee between January-Mai 2008

Since many years the market growth comes from 3 in 1 segment.   According to GfK Hungária research company 8% less roast coffee was sold in the first 5 months...

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Procter & Gamble Co. announced net sales growth of 10%

Net earnings were up 33 percent for the quarter to $3.0 billion and 17 percent for the fiscal year to $12.1 billion. Diluted net earnings per share increased 37 percent...

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Russian Frozen Bakery Products Sector to Grow Dynamic

The market for frozen bread in Russia, which is currently estimated at USD 600 million, has the potential to grow 25-30% per year.  The market is fast-growing, indeed, for the...

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Increase slow down by external trade

According to KSH (Central Statistic Office of Hungary) in May 2008 the exports were up by 2, the imports by 4 percent as compared to the same month in the...

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Industrial gross output is indisposed

According to preliminary data in June 2008 the industrial gross output decreased by 0,3% compared to June 2007, the index adjusted by working days was equal to the non-adjusted one....

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Heavy crop from Hungarian Honey

Yearly 25,000 tons of honey are produced in value of HUF 12 billion in the country. The domestic consumption is almost 5,000 tons. The suppliers price are between HUF 430-580....

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The most body lotion are sold in drogeries

The domestic market of body lotion grow in volume by 8% in value by 7% between June 2007 – 2008.  Retail sale body lotion yearly in value of HUF 7...

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California AG Says Settles Potato Chip Lawsuit

California settled lawsuits against four potato chip and french fry makers after the companies agreed to reduce the levels of a cancer-causing chemical in their product.  H.J. Heinz, Frito-Lay, Lance...

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Next year Cocoa Prices to Rise Again

According to specialist the global cocoa market is set to remain in deficit for at least two more seasons and the average price should rise in 2009. With supply-side risks...

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June Retail Sales Fall in Germany

Retail sales in Germany fell by a worse-than-expected 3.9% year-on-year in June, after higher inflation eroded consumer purchasing power. The Federal Statistics Office added that sales, adjusted for inflation and...

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The forint is very strong

The forecast prepared by GKI Economic Research Co. in co-operation with Erste Bank shows that this year both the internal and external equilibrium improve significantly and the Hungarian economy gets...

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Ukraine Sees 2008 Sugar Beet Crop 18 pct Down

Ukraine's sugar beet crop is likely to decline to a maximum of 14 million tonnes this year from 17 million in 2007, a top agriculture official was quoted. According to...

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HUF 16 billion for spices

According to AC Nielsen research company first of all the sale of paprika and the mixed spices grow between Februar 2007 and January 2008.The sales of spices increased by 9%...

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Pessimism in EU 15

Business and consumer confidence plunged in the 15 countries using the euro in July, hitting the lowest level in more than five years, the European Commission said.   Consumer confidence...

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GKI Index on two-years’ top

In July the seasonally adjusted Business Confidence Index of GKI reached its highest value measured in 2008.   The survey of GKI Economic Research Co. (www.gki.hu) sponsored by the European...

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June Retail Sales Show Rise in Sweden

There was a better-than-expected 3.3% growth year-on-year in June, indicating that the economy may have slowed slightly less than forecast in the second quarter. Sales were up 1.8% when compared...

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