Market News
Agriculture expects one hundred billion HUF credit from banks
Date: 2009-07-21 00:29:00
The Hungarian Agriculture Chamber sent a letter to Secretary-General of the Hungarian Banking Association Nyers Rezső that commercial banks to ensure the farmers' resource needs. According to experts of the...
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Great interest on the thirty-billion source
Date: 2009-07-21 00:26:00
According to information provided by the Agriculture and Rural Development Office (MVH) 3800 applications had been received from farmers for agricultural machine support. The non-final data show, that the demand...
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Hungary may take action against Slovakia
Date: 2009-07-21 00:22:00
If Hungary and Slovakia, do not agre in the common usage of Tokaj name Hungary may take the case into court to challenge Tokajská, Tokajská and Tokajsky names. According to...
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Hungary’s fresh fruit exports can be ground on bananas
Date: 2009-07-21 00:12:00
Hungarian banana consumption steadily rising for twenty years and at the same time, the re-export. Fifty-three percent of the fresh fruit export comes from banana export in the winter months....
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Social shop to open in Paks
Date: 2009-07-21 00:08:00
With the participation of the Hungarian Famers Cooperative Association and Hungarian Farmers, Tolna county’s 1st social shop opened which is the 53rd social shop int he country. Two more shops...
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The National Trade Association agrees with the President
Date: 2009-07-20 12:53:40
The Secretary OKSZ agrees with letter of the President, where Sólyom László justifies the reasons why he sent back the law prohibiting the unfair distribution behavior of agricultural and food...
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Variable quality of the grain harvest
Date: 2009-07-20 12:50:27
The rainfalls of June, harm the cereals: the quality of this year's barley and wheat are mixed. According to the announcement of the Ministry of Agriculture which was harvested before...
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GKI – The competitive and business environment indexes of Microsoft- 2009. July
Date: 2009-07-20 12:44:38
The GKI Economic Research Ltd., with the support of Microsoft publishes a quarterly index, where Hungary's competitiveness is compared to other countries of the region, as well as domestic and...
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The amount of the nylon shopping bags halved in a two year period
Date: 2009-07-20 12:36:02
With the assistance of seven leading UK retail chains, including Tesco, Asda and J Sainsbury, in Great Britain, the number of nylon shopping bags in May halved, compared to the...
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The EU's agricultural support is a threat to global food security
Date: 2009-07-17 00:05:00
The European Union's agricultural support makes the agricultural development of the third world very difficult – warns EurActiv EU news portal. On the G8 meeting in Italy the G8 countries...
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Strict Ukrainian rules for the meat-industry
Date: 2009-07-17 00:03:02
Ukraine has announced that the country would only allow the delivery of meat-products that have been examined by the controllers of the authority. The new rule takes effect on 23rd...
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An increasing number of under age, foreign and organized offenders steal from the shops
Date: 2009-07-17 00:02:00
According to Népszava the experiences have shown that thefts in Hungarian shops have became more organized and tend to lower-value goods than in the past. According to Fodor Attila, spokesman...
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Increasing food-prices in developing countries
Date: 2009-07-17 00:01:00
Domestic food prices in developing countries remain high despite a sharp decline in international prices and overall good cereal harvests, FAO warned today in its latest Crop Prospects and Food...
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The annual retail sales of ice-lollies are over 17 billion HUF
Date: 2009-07-16 00:21:00
According to Nielsen market research company; over the past 12 months between July 2008 and June 2009 – the sales of ice-lollies excessed 17 billion forints in the organized retailing....
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Consumer prices increased 3.7 percent in June over a year
Date: 2009-07-16 00:19:00
In June 2009 the average consumer price increase of the month was 0.1 percent. Compared to June 2008 prices increased by 3.7 percent. In the first six months of this...
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There will be a shortage of Hungarian milk soon
Date: 2009-07-16 00:18:00
Because of the crisis of the dairy sector, producers sold ten thousand breeding animals in the first part of the yaer, more than the whole of last year – said...
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In Hungary, there are still a high proportion of those who do not have capital
Date: 2009-07-16 00:07:00
While inWestern Europe and the in the U.S.A. the proportion of investors, has been increased, in Central and in Eastern Europe many people do not have any investment. In Hungary...
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Hungarian companies are at the forefront on the basis of CSR rating
Date: 2009-07-16 00:06:00
According to Braun & Partners Network's research on the Hungarian and Polish companies in Hungary, Poland, Romania and Bulgaria, Hungarian and Polish companies has the best CSR performance. The Top100...
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One billion VAT cheat disguised with cereal trade activity
Date: 2009-07-16 00:02:00
According to APEH press executive; a VAT cheat excessing one billion HUF has been uncovered by the auditors of the Southern Great Plains Regional Board of APEH. The investigation found...
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Newspapers, radio, magazine then TV, is the sort of trust in traditional media ads
Date: 2009-07-15 00:23:00
In order, Hungarians trust in adverts of newspapers, radio and TV among the traditional media ads. In Europe, Television is leading in front of the newspapers. According to Nielsen 's...
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Consumers' expectations are on top
Date: 2009-07-15 00:22:00
After the turning point of May, for the third consecutive months, the seasonally adjusted volume of the GKI consumer confidence index is increasing. Although the improvement of July is minimal,...
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Surprisingly price decline after VAT increase
Date: 2009-07-15 00:21:00
According to Privátbankár.hu; the consequences of the VAT increase do not appear in the prices of the stores, prices even decreased. The value of the price basket of the internet...
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The ice-cream and ice lolly consumers not only like traditional flavors
Date: 2009-07-15 00:09:00
Chocolate still the most favourable among the traditional flavors of ice cream consumption, but more and more new flavors appears among the favorites, such as foam ice lolly and pine...
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Sufficient fruit yield, consumer prices are not high
Date: 2009-07-15 00:04:00
Despite the natural disasters domestic fruit yield, will not be bad. European yields keeps prices real. Thus, neither the purchasing nor the consumer prices are not too high. The peaches...
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Retail sales decreased by 5 percent
Date: 2009-07-14 00:21:00
In the view of the traders, the increase of VAT rate and excise taxes even more decreases public consumption – stated Feiner Péter, President of the National Trade Association (OKSZ)...
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Half billion HUF fine because of misleading the consumers
Date: 2009-07-14 00:18:00
For misleading the consumers 500 hundred million HUF fine has been imposed by the Economic Competition Authority this year. Compared to last year's 700 million HUF fine for the full...
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Chemicals found in organic products
Date: 2009-07-14 00:12:00
The EU's food safety agency, the EFSA found pesticide concentrations higher than the permissible limits in 1.24 percent of vegetables and fruits derives from organic farming. The Parma-based organization has...
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End of recession in Europe's largest economy
Date: 2009-07-14 00:10:00
According to the Ministry of Economic Affairs in Berlin; after a historic drop of one year, in the second quarter of the year, the shrinking of the German economy has...
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One-third less cereals, means a loss of 60-80 thousand HUF per hectare
Date: 2009-07-14 00:05:00
According to Vancsura József, President of the National Association of Cereal Growers; Due to the the drought, and the rainy, stormy weather in the last year it is expected that...
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Russian poultry center with Hungarian technology
Date: 2009-07-14 00:03:00
With an approximately 26-28 million euros investment, a duck and goose breeding base center will be set up in Russia, Bashkiria, using Hungarian techniques – announced Bárány László, President of...
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