Market News

HUF 13.5 million penalties in case of guar gum

Some of the company reported lately or not, or were behind the time with the revocation or worked not together with the authorities. In the last 6 weeks there were...

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(HU) Drágul a hal is

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Plans for a Stronger Customer Protection

The Customer Protection Directorate, to merge with regional offices into a new National Customer Protection Authority from September 1 this year, will hire more staff from January 2008, Prime Minister...

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The NBH upped its 2007 CPI

The National Bank of Hungary is waiting 7.6% yearly inflation wich is 0.3% higer as the prognosis of Mai. The primarily warranted by rising oil and food prices. Next year's...

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The label is only a form?

Some manufacturers are deliberately 'hoodwinking' consumers over salt content, claims a new report from UK regulators. There is concern that consumers are being hookwinked and misled by some manufacturers who...

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Guargum monitoring and penalty in Hungary

Authorities bound 90 products withdrawal in the domestic retail. There is a list on the authority's website with almost 200 firm name, which use dioxin tainted guargum, but only few...

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Less sales in small stores, in the hypermarkets the result is not so negative

In June the fall of retail sales continued. Compared to the previous month the volume of retail sales adjusted for seasonal and calendar effects fell by 0.4%. It is 3.6%...

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Cheap norse salmon on the borders?

Norway and EU is hopping a positiv answer from the WTO.  There has been a shocked reaction to claims from the Norwegian state broadcaster, Norwegian Broadcasting Corporation (NRK), that the...

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Another outbreak of swine fever in Romania

It was the third outbreak in the country in recent weeks and the second on a farm owned by Smithfield Foods Inc. The disease was found this week on a...

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No merge, but collective purchase

There is a reconciliation between Co-op and Real Hungaria retail chains about a purchase cooperation. The former new about the merge of the two companies was confuted, but the now...

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Russia bans Italian poultry to stop bird flu

Russia banned poultry imports from Italy starting Monday to prevent the spread of the bird flu virus after outbreaks in the EU member state.   An outbreak of low pathogenic...

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Chinese food meet the standars

More than 99 percent of China's food exports meet U.S., European Union and Japanese standards, according to a White Paper policy proposal released by the information office of China's cabinet....

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From 2009 no more Nickelodeon figures in junk food ads

Nickelodeon in pledging to limit the use of its characters on food packaging and promotional tie-ins when it targets kids under 12–unless the product meets certain healthy-living standards. Nickelodeon, which...

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HUF 87.5 billion general government deficit in August

The ministry left its estimation for the entire year 2007 unchanged at HUF 1,529 billion, or 6.0% of GDP (cash-based figure without local municipality budgets). As expected, Hungary had HUF...

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E.Coli Outbreak in Scotland

One person died, and two others were hospitalized. A new case of e.coli was confirmed in Ireland, where a woman was hospitalized.   William Morrison Supermarkets Plc, the U.K. food...

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Newest control wave at Lake-Balaton

Not only the invoices will be checked, but the employment method will be controlled too.  This week the supervisors of the Hungarian Tax and Financial Control Administration are operating together...

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No decrease in inflation rate in July

The consumer price-level hasn't changed since June, it's 8.4% higher as one year ago – said KSH yesterday.  The inflation for retirees was 11.4% higher on yr/yr basis, but 0.1%...

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Poisoning chineese toothpaste was found in the USA

Gilchrist & Soames was recalling toothpaste made in China — that it had distributed to hotels in more than a dozen countries. Independent tests showed some samples contained diethylene glycol,...

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The global market for premium beer is set for further strong growth

According to forecasts in the report Global market review of premium beer – forecasts to 2013, the global premium beer market will reach 655m hls in 2013, representing an increase...

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There isn't dioxin tainted food in hungarian stores

After seriously labour control there wasn't finding any unhealty guar-gum aggregate – said Lajos Bognar – deputhy chef vet. Until this time 47 product sample were checked for PCP, which...

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Tax free weekend kicks off in Massachusetts

Stores opened early and shoppers filed in looking to save a few bucks as state retailers celebrated a sales tax holiday for the fourth straight year.  The holiday means shoppers...

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Czech Beer is sold very well

Beer production in the Czech Republic hit a record high in the first half of this year, according to recent figures. The Czech Association of Beer and Malt Producers (CSPS)...

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Summer balance – HUF 300 penalty because of food safety reasons

Authorities checked almost 20,000 places, the control will continue until the end of August. The most characteristic problem were hygienic and cool technologies, the missing date of expiry or products...

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343 firms come forward, Fornetti's products aren't poisoned

According to newest control there are no dioxin in products by Fornetti Franchise Ltd., last week Danone reported the same. Miklos Suth, chief vet said that products of Tesco, Stamag-...

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