Market News

Retail sales decreased

According to KSH data the Hungarian retail sales dropped by 0.5% month on month in April, the 2.5% yr/yr decline is the greatest fall detected in this decade.  Hungarian retail...

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First of July starts the Electronic Export Custom Formalities

After successfull testperiode from spring the Export Custom Formalities could be pass in electronic from next month. The purpose of the ECS/AES project is to provide a solution that will...

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Business Center to build in Ferihegy

Budapest Airport will be developed as a self-contained “Airport City” with a 4-star hotel and conference facilities, car parking, a business and trade park. Hochtief Airport (HTA), new owner of...

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German beer prices set to leap as barley costs soar

The energy and food sectors are competing for the same raw materials and the same acreage. Short supplies of barley look set to force German beer prices in the country's...

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Functional sports drinks market set for further growth

Growing consumer interest in maintaining a healthy diet and participating in sporting activities will contribute to growth in the functional sports_drinks (FSD) category over the next five years, according to...

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(HU) Megint divat lesz a zacskós tej?

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Decree correction about trading outside the shops

The ministry of economy and public transfer published a new order protect the customer and asses a faster complain administrations. According the decree correction in the future customer can complain...

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Lakh on lent

Last five years the manpower placement increased with 250 %, the most temporary placed employees worked in processing industry. According to newest dates of Public Employement Service, several people were...

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HUF350 Million penalty on the first three days

Until the summer foodsafety control, started on Monday, supervisors check restaurants, pubs, hotels in most public touristic places. The first concentrated control was in Region Bekes, where 73 stores  were...

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Discounters bring Carrefour on its knees in Belgium

Carrefour plans to close 16 GB supermarket stores in Belgium and cut 900 jobs as part of a restructuring plan prompted by fierce competition. The French retailer said that the...

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Workshop about Social campaign in Cannes Lions

If we can meet with the requirements, the benefit can be not only moral, but financial too. To support a good case, as usual not only revise the company public...

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Guidance on reducing mycotoxins

A new guide for cereal farmers on reducing mycotoxins aims to reduce the presence of the toxin in the food supply chain. The guide advises UK farmers on how to reduce the levels...

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Only 4 million tons wheat crops

Specialists said that the rate of grain products and the meat could be higher in autumn.  Because of drought through Europe, hungarian wheat export will be more, 1,4 million ton,...

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The new hungarian retail decree appeared in Magyar Kozlony

From 13 of Juli restaurants and shops will categorize by new methods.The decree changed the retail law, has only small changes, it speaks about opening a new store, selling outside...

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Hot summer, people drink water and beer

According to specialists on the very hot days people drink 20-100 more mineral water or beer.  Year after year there is a highly going tendency in drinking water, 15 before...

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Poisonous 'Colgate' in teh USA

Last week the US's Food and Drug Administration recalled toothpaste sold in discount stores in four American states after it was found to be tainted with a poisonous chemical. The...

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Reducing packaing

Britvic, Cadbury Schweppes, Coca-Cola, and Nestle are among the companies joining Unilever and others in signing a commitment to cut down on packaging and food waste under a UK programme....

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Supervisors will be not on a holiday, but will bob up on tourist places

The food safety control authorities are ready for an increased monitoring. In the summer places served for public eating, summer camps and events organiser can matter for abrupt check. The...

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KA-VOSZ gave the 75,000 Széchenyi Card and took the 100.000 demand

20% of SMEs use this card, the interested credit is over HUF 350 billion. The Szechenyi Card is a good solution for short period liquidity problems. The credit can be...

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Operative steps against black commerce

According to VOSZ, the government should handle in the same way the venders on the black market, the mongers outside the stores and the legal worker traders.Sándor Demján, president of...

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368,000 sm new retail center will build in Hungary

Nex year 17 million sm new retail center will be finished in Europe, Hungary is on the 13. place. According to AIG/Lincoln the retailcenter market is one of the fastest...

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Decreased food prices

Hungary's agricultural producer prices rose by 7.9% year on year in April, falling from a growth of 8.9% in March, the Central Statistics Office (KSH) has reported. Excluding fruits and...

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Modus to build largest retail scheme in Bucharest

UK developer Modus Properties, in partnership with Nova Imobiliare, are on course to build the largest retail and leisure destination in Bucharest, Romania. Phase one of the €450 million scheme,...

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EU to invest €4m into harmonizing Russian, European sanitary standards

The 30-month project, to be conducted in cooperation with Russian authorities, will be launched June 20. This is expected to help establish stronger economic ties between the European Union and...

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New online ad possibility for SMEs

According to Google from now the hungarian users can get the AdWords Business Pages. Intended for businesses without their own websites, AdWords Business Pages are informational webpages that advertisers can...

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Biofuels jack up food prices

The rapid increase in global biofuel production will push global corn prices up by 20 percent by 2010 and 41 percent by 2020. Thanks to high oil prices and hefty...

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EU unifies rules for organic food labelling

Mass catering operations are excluded from the new rules although countries can choose to apply national rules if they wish.  EU ministers ended 18 months of squabbling over new rules...

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The poultry price will be HUF 30-40 more expensive

The recent rise in price has several motives: rising of energy and feed costs, and a scarcity of goods, because the cheap products of South-America illuminated.   The stop of...

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