Market News
The Hungarian proposals could cure the milk crisis
Date: 2009-10-09 00:00:55
The Hungarian proposals could help to resolve problems of the EU milk market, if – in part or in whole – the EU would accept the Hungarian proposals – said...
Read more
Food industry aid on the horizon
Date: 2009-10-08 00:02:00
Within the course of the New Hungary Rural Development Program (UMVP), new food industry supports will be launched, in order to support increasing values of agricultural products. The projects focuses...
Read more
Christmas can glitch in its past glitter
Date: 2009-10-08 00:01:55
It seems that the supermarket chains now expect that the crisis will be end for Christmas. Marks & Spencer, for example, expects such a traffic increase that the chain will...
Read more
Romanian retail shrinks, although with decreasing tempo
Date: 2009-10-08 00:01:00
According to Bucharest Statistical Office; The Romanian retail trade turnover declining with a smaller rate, for the second month. The willingness of public spending is also hindered by the slowdown...
Read more
Searching for tomorrow’s breakfast in Switzerland
Date: 2009-10-08 00:00:21
The joint venture of Nestlé SA and General Mills, Cereal Partners Worldwide (CPW) specializing on cereal products – announced recently, the opening of a new innovation center in Orbea Switzerland....
Read more
Another crisis can hit the economy
Date: 2009-10-07 00:04:25
According to Coface Hungary Credit Rating; This year's poor financial numbers will only appear in next year’s business ratings and more companies will enter to a worse category. In recent...
Read more
Csányi Sándor: About the break out points of Hungary
Date: 2009-10-07 00:02:32
The Hungarian innovative capacity exists, but can not be applied – states Csányi Sándor in a video interview of Figyelő. The OTP Chairman and CEO would put the emphasis on...
Read more
The price of cocoa is on its quarter century peak
Date: 2009-10-07 00:00:55
The March term cocoa prices increased to its 24 and a half year peak on Monday afternoon, because of the unfavorable outlook for the global supply. Investors worry of cocoa...
Read more
GfK: stable consumer confidence
Date: 2009-10-06 00:03:55
According to the joint survey of GfK Hungária and the Corvinus University; consumer confidence appears to be stabilized. Beside the Consumer Confidence Index, the consumer expectations index also stagnates compared...
Read more
Eurozone’s retail shrank less-than-expected
Date: 2009-10-06 00:03:12
The euro zone retail sales decreased by 0.2 percent, instead of the expected 0.5 percent decrease in August compared to the previous month. Behind the positive data the minor boom...
Read more
Harvest can end until the end of October
Date: 2009-10-06 00:02:00
So far, about 60 percent of the grapes were harvested by the farmers, so this year's harvest can last until the end of October. Because of the favorable weather conditions,...
Read more
Hungary can export poultry from Bács-Kiskun and Csongrád counties again
Date: 2009-10-06 00:01:23
The U.S. authorities terminated the import restrictions of the poultry, poultry meat and eggs of Bács-Kiskun and Csongrád counties. According to the American assessment, Hungary has the animal health control...
Read more
Women decide about the family cash nowadays
Date: 2009-10-05 00:04:02
GfK Hungária Market Research Institute has examined what attributes belong to a typical man nowadays. The research showed that the majority of men consume alcohol, do not smoke, but do...
Read more
Bankruptcy continues
Date: 2009-10-05 00:03:51
According to Opten Company Information Service; The number of bankruptcies more than doubled in September, compared to the previous month. After the positive surprise of August, the datas return back...
Read more
A huge gap opened between exports and imports
Date: 2009-10-02 00:04:43
According to the Central Statistical Office; the foreign trade balance surplus in July was 528 million euros, compared to the previously reported 548 million euros. The balance of the first...
Read more
The impetus of consumer confidence has broken
Date: 2009-10-02 00:04:21
According to the September survey of Nielsen market research company; After the summer improvement, consumer confidence fell in September. Domestic employment opportunities continue to be the least favorable, in the...
Read more
Dairy producers will get support from October
Date: 2009-10-02 00:04:02
It is expected that dairy producers will be given the extra additional fundings of 15-16 billion HUF in mid-October – stated Gőgös Zoltán, the Secretary of the Ministry of Agriculture....
Read more
The most of the resources of agriculture are from the EU
Date: 2009-10-02 00:03:59
After the EU accession the financing of agriculture had to placed primarily market driven, because the EU prohibits direct state intervention – said Gőgös Zoltán secretary of the Ministry of...
Read more
The expansion of the economy stopped after two months
Date: 2009-10-02 00:02:00
The joint acceleration index (GYIA) of Világgazdaság and Ecostat, declined by 0.36 percent in September, so after the increase of the past two months, the expansion of the real economy...
Read more
German retail: this was not the expected data
Date: 2009-10-02 00:01:30
The German retail sales fell in August much larger, than it was expected. The German Federal Statistics Office announced, that 2009 year August retail sales decreased by 1.5 percent. On...
Read more
Far less grain grown in Ukraine compared to last year
Date: 2009-10-02 00:00:45
Ukraine grain harvest of this year is expected to be less, than in last year. In 2008 53.3 million tonnes grew, but only 47 million tonnes expected this year. According...
Read more
GKI: Hungarians are more optimistic than in last November
Date: 2009-10-01 00:05:00
GKI’s economic index improves for five month in September. The index summarizing the results of the survey is somewhat higher than the value in November last year. However, within the...
Read more
Simpler licensing procedure in trade
Date: 2009-10-01 00:04:00
Due to the result of the June 2009 amendment of the Trade Act; the opening of a business will be more simple. The dealer can choose the form of trading...
Read more
KSH: last year Hungary's GDP has increased, due to agriculture
Date: 2009-10-01 00:03:59
According to the Central Statistical Office (KSH); Hungary’s gross domestic product (GDP) was 26 543 billion HUF in 2008. This – calculated at constant prices – is a 0.6 percent...
Read more
Gene manipulated bread from Canada
Date: 2009-10-01 00:01:25
Gene manipulated foods, containing not yet approved linseed in the European Union, has transported into many EU member states, from Canada – announced the European Commission in Brussels. It is...
Read more
The Competition Authority (GVH) proposes new product food law
Date: 2009-09-30 00:05:12
President László Sólyom sent back the new product food law for consideration to the Parliament. According to news releases; new legislation will be made, therefore, the Competition Authority (GVH) made...
Read more
Széchenyi Card: 700-billion loan outplacement
Date: 2009-09-30 00:04:15
The Széchenyi Card (SZK)became even more attractive during the crisis. Although the number of requests has increased significantly, the allocations are not, because the strict bank filter. So far, overall,...
Read more
Eurozone’s confidence index reached its annual peak
Date: 2009-09-30 00:03:25
The euro-zone business confidence index, rose to its 12-month peak in September, to 82.8 points, from the 80.8 points of August. The increase may indicate that the region's economy can...
Read more
Economic Competition Authority investigates retail chains again
Date: 2009-09-30 00:02:50
The Competition Authority launched a re-investigation at several chains of stores, to make sure whether they have complied their previous commitments The Economic Competition Authority among other things, investigated the...
Read more
EU agriculture support: 12 million euros “return to the sender”
Date: 2009-09-30 00:02:25
According to the European Commission’s decision; Due to monitoring and recording deficiencies Hungary has to pay back 12 million euros. The government asks for installments. The farmers do not have...
Read more