Market News
EU farm union sees higher 2008-09 cereals harvest
Date: 2008-06-25 00:00:00
European Union farmers should harvest 293.32 million tonnes of cereals in the 2008-09 (July-June) crop year, up from the 254.99 million tonnes seen in 2007-08, EU farm union Copa-Cogeca said....
Read more
Replacing HUF 200 note with coin in 2009
Date: 2008-06-25 00:00:00
The coin would be more practical and safe than the notes that generally need to be replaced every two years. Hungary's Monetary Council has decided on Monday to introduce a...
Read more
German business confidence falls in June
Date: 2008-06-24 00:00:00
The index fell in June, dragged down by concerns over record high oil prices, the closely watched Ifo survey showed. The Munich-based Ifo institute's business climate index fell to...
Read more
Hungarian Egg Producers Association Restricted the Competition
Date: 2008-06-24 00:00:00
On the first stage the Judgment of Capital approved the decission of Hungarian Competition Authority that there was a kartell between the Hungarian Egg Farmers. The association of the Egg...
Read more
UK's Beer Sales Fall To 33 Year Low
Date: 2008-06-24 00:00:00
Thanks to the economic situation, the smoking ban in pubs, the credit crisis and loss of consumer confidence British drunk 1.7 % less. Beer sales in the UK are...
Read more
Food Forgery is Worldwide a Big Business
Date: 2008-06-24 00:00:00
Yearly USD 500 billion comes form food forgery, more than from drug business. From September there is a new act in Hungary against food fakers. According to information came at...
Read more
Hungarian Dairy Farmers to Protest
Date: 2008-06-23 00:00:00
In Mai the procurement price of one liter milk was HUF 80, it is the lowest price, from this farmers hardly can feed their animals, paralel with this cheap import...
Read more
Sampling control in Campona Mall
Date: 2008-06-23 00:00:00
The specialists of „Heatwave Commando” checked food safety and hygenic status of products and services of the shops and restaurants in the mall. The control periode of Heatwave Commando starts...
Read more
The Future's company develops with the assistance of the customer
Date: 2008-06-20 00:00:00
The enterprise of the future is capable of changing quickly and successfully, according to a summary of IBM's findings. “Instead of merely responding to trends, it shapes and leads them....
Read more
Europe to Ban Energy-Wasting Lightbulbs
Date: 2008-06-20 00:00:00
The EU plans to implement a phase-out of incandescent bulbs starting next year. They'll be replaced by long-lasting compact fluorescent ones. The European Commission is preparing a plan for a...
Read more
Freeze against speculative prise increase in Slovakia
Date: 2008-06-19 00:00:00
Slovakian government may freeze the prices of 20 basic food items to shield consumers from unjustified price jumps after the planned euro adoption in January 2009. According to Reuters the...
Read more
Today's youth is more active and mobile as the generation before
Date: 2008-06-19 00:00:00
96% of young people between 15-25 years has a mobilephone, they have more electric equipments than the average. According to GfK Roper Report the today's youth are open minded, ambitious...
Read more
Vietnam resumes rice exports
Date: 2008-06-19 00:00:00
The world’s second-largest exporter of rice allow limited sales and reiterated a limit of 3.5m tonnes of exports for the first nine months of the year. Vietnam this year...
Read more
Hungarians spent less money for clothes in 2007
Date: 2008-06-18 00:00:00
The most popular shopping place were the average clothes shops, but the far-east shops and the buy on the street was also beloved source of supply . According to...
Read more
Retail Sales Growth Better-Than-Expected in the US
Date: 2008-06-16 00:00:00
Sales in every merchant category increased in May. Excluding autos, sales rose 1.2%. Sales of electronics increased 0.7% and sales at department stores jumped 1.2%, the most since March 2007....
Read more
Industrial gross output increased in April
Date: 2008-06-16 00:00:00
The growth was 11.8% compared to April 2007, the index adjusted by working days rose by 6.5%. The volume of the production was higher by 8.1% in the first four...
Read more
Agricultultural products are expensive
Date: 2008-06-16 00:00:00
In April 2008 the producer price level of agricultural products was 32.6% higher than in April 2007. The price level of crops and horticultural products increased by 41.9% while that...
Read more
Bulgaria Milk Producers Protest because of Low Prices
Date: 2008-06-13 00:00:00
Dozens of Bulgarian milk producers rallied in the capital Sofia to press for government guaranteed minimum purchase prices for milk due to increasing animal feed prices. Farmers in the new...
Read more
HUF 8.3 billion sales from energy and sportdrink
Date: 2008-06-13 00:00:00
According to Nielsen research to sales of segments grow by 60% in value and 70% in volume between Mai 2007-April 2008. The biggest market share have the privat labels energy...
Read more
Mobile Phone to Be New 'Fourth Channel' for Revenue
Date: 2008-06-12 00:00:00
Mobile devices represent a major growth opportunity for the retail industry by providing a new purchasing channel for consumers, a Cisco study reveals. The company's third annual e-commerce study...
Read more
Factories close, supermarkets empty and jets run out of fuel in Spain
Date: 2008-06-12 00:00:00
Strike action by thousands of Spanish and Portuguese truckers produced ominous knock-on effects on food supplies, aviation and industry in Spain. Authorities at Spain's two biggest wholesale markets, Mercamadrid,...
Read more
Food price increase over the average
Date: 2008-06-12 00:00:00
In May 2008 consumer prices rose by 1.1% compared to the previous month and increased by 7.0% compared to May 2007. In May 2008 compared to the previous month food...
Read more
Bread price increase by HUF 20-30
Date: 2008-06-12 00:00:00
According to the Association of Hungarian Bakers the cost of production (loan, energy, fuel etc.) grow so much, that the bakers must to increase their price. The association said minimum...
Read more
Hungarian companies pay to late
Date: 2008-06-12 00:00:00
Among the researched contries in Hungary is the biggest different between the planned and real payment. Atradius made this research at 1200 companyies from SMEs to giants in Austria, Hungary,...
Read more
Hungary is the seventh most popular investment target in Europe
Date: 2008-06-10 00:00:00
Only Poland has a better position in the region, as shown in the survey by the professional services firm Ernst & Young, made on a sample of over 800 executives....
Read more
Food safety control starts soon
Date: 2008-06-10 00:00:00
Before the inspection the Hungarian Food Safety Authority gives out information bulletins about how to evade the food poisoning. In the near next week begins the summer clean-up by specialist...
Read more
Surplus at Hungarian trade balance
Date: 2008-06-10 00:00:00
Over the course of January–April 2008, the value of exports was HUF 6,394 billion, while that of imports totalled up to HUF 6,309 billion, according to preliminary results. The...
Read more
The export of manufacturing continued to grow
Date: 2008-06-10 00:00:00
According to quarterly calculations gross domestic product of Hungary increased by 1.7% in the first quarter of 2008, and by 0.9% when adjusted for calendar effects. The economic growth of...
Read more
Bye-bye Greengrocers
Date: 2008-06-10 00:00:00
The Daily Telegraph reports that nearly 3,000 greengrocers have closed in the past decade in UK. The newspaper said that shoppers have been left considerably worse off, with the...
Read more
Dairy farmers won, retailers increase prices
Date: 2008-06-09 00:00:00
German dairy farmers say they have ended a 10-day strike protesting low milk prices. Milk federation union chairman Romuald Schaber said Thursday, "We dairy farmers are finally being met at...
Read more
