Market News

The food retail decreased in December

In the year's last month the retail sales enriched HUF 690 billion, it was 11.2% of year's volume.The volume of retail sales adjusted for calendar effects decreased by 3.0% in...

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Interest In Fairtrade Doubles in Britain

Ethical shopping is moving into the mainstream as shoppers become increasingly informed about how food is produced. British shoppers bought Fairtrade products, people are taking a renewed interest in where...

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The new consumer protection action started on the market at Feny street

On the first station of „Springtime” operational the authorities didn't find big anomalies.   30 kilo meat was suppressed and some vegetable were must to be controled, but nothing was...

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Hungarian Trade Association believes in strong supervising but…

The association agrees with the goal of the control chain, but ask the authorities to harmonize the default and the fine.  The association advises to its members not to allow...

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Real wages decreased in 2007

2 million 760 thousand persons were employed by enterprises employing at least 5 persons and by budgetary and social institutions, as well as assigned non-profit organizations in January–December 2007.  ...

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Tea price on historical top

The cost of a cup of tea is set to soar to an all-time high following production problems in Kenya, the UN warned.   Violence in the world’s largest exporter...

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Marketers want to get inside consumers' heads

The biometric research are cheaper and easier as the normal way. Coca-Cola Co. and Virgin Mobile USA are among the top marketers to use neuroscience and biometric research to understand...

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French Consumers Eat Less Dairy Products

According to governmental data, French consumption of dairy products has declined by 7% between 1997 and 2006.  The government explains the drop by two factors. Firstly, consumers are more and...

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Employment in Hungary well below EU average

Only 57 percent of Hungary's 15-64-year-olds are working, well below the European Union average of 64 percent.  It noted that in 1989 5.4 million Hungarians were on the workforce compared...

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EU ministers at odds over approval of GMO foods

European Union farm ministers fell short of a consensus agreement on Monday to allow imports of five genetically modified (GMO) products, paving the way for default approval by legal rubberstamp,...

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Rigid competition control at Edeka-Plus merger

Not only the two companies, but the whole supplier chains is analyzed, firms not to answer must to pay fine.   The fusion plant for Mai, is under rigid control,...

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Hungarian Consumer Trust Index fall 8%

The decrease is to thank to willingness of buyig consumer durables, but there is an increase at pessimistic.  Last quater the index hit the negative record of 2006 December. The...

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Agrar Marketing Center will be self-sufficient

The change affects only law sections, the way of business don't. The new institute works under flights of the ministry of Agriculture, under biggest financial and accountancy control. The government...

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Last year's balance – 600 stores less

The shrinking of retail stores chains slowed – according to Nielsen Research Company. Only small stores were closed, the number of middle size stores stagnated but hyper and supermarket increased...

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Hungarian Product Award starts end of February

Last ten years 142 products won the award and other 437 tender got other prizes. Since 1997 the most tenders came from food industry, but the producer in constructions industry...

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Europe's economic expansion slowed

Euro-zone GDP increased just 0.4% in Q4 2007, down from 0.8% in Q3 2007, according to the European Union announced. European economic expansion cooled in the fourth quarter as the...

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2009 tax facilitation

Monday the prime minister annuounces a 10 points tax reform.  According to the index internet portal, the new tax rules come from 2009. The biggest step will the destroy of...

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The industrial output was slowly in 2007

Hungary's industrial output edged up by 0.9% month on month in December, according to final figures adjusted seasonally and by working days, the Central Statistics Office (KSH) has reported.  ...

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Hungary's consumer prices rose by 1.0% month on month and

On year on year basis the growth was 7.1% . For the end of the year the analysts project CPI to be down at 4.5%.  Seasonally adjusted core inflation was...

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Ethic graved into the counter

The Hungarian competition authority extended the scope of the Code of Ethics in Retail until 2010. The Code of Ethics in Retail was signed in 2006 by representations of interest...

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Fruits and oil seeds were most expensive

In December 2007 the producer price level of agricultural products rose by 38.1 percent, compared to the corresponding month of the previous year. The price level of crops and horticultural...

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Auchan is the cheapest store

According to penzcentrum on-line portal, the shopping basket of February was most expensive at Kaiser's, but Tesco tokk there the second place.  After a bigger price increase in January the...

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The industrial confidence index was deteriorating

In January the seasonally adjusted GKI Economic Sentiment Index declined a bit shows the survey of GKI Economic Research Co. supported by the European Union . The reason for this...

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Bigger price incriese at poultry

Because of the high feed and energy costs a more than 10 % price increase is to wait at the market by summer.   Nowadays there'snt any possibility for cheap...

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The German regulator searched for price cartell

Seven chocolate makers full under suspicion that the companies fixed the prices of their products. Chocolate makers have explained price increases by saying they were necessary to cover surging costs...

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The WTO has ruled against the European Union's import tariffs for bananas

Millions of USDs commercial sanctions could be come.   The WTO has consistently ruled against how Brussels sets tariffs for bananas, forcing it to overhaul a system that grants preferential...

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