Market News
Balance of foreign trade rocking
Date: 2009-02-05 08:00:00
The volume of export was down by 7 percent, while import was down by 6 percent in October 2008., compared to the same month in 2007. Export in the January-October...
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Paper bag is not a real option
Date: 2009-02-04 10:16:00
According to datas of Hungarian Trade Association the food industry and the retail sector has HUF 10 billion extra costs because of the new green tax. György Vámos, secretary of...
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Strategy for saving 100,000 jobs in Hungary
Date: 2009-02-04 09:32:28
Social and Labor Affairs Minister Erika Szűcs said the government has HUF 16 billion domestic source for crisis-management strategy. Enterprises can apply for job-preservation support from the regional funds beginning...
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In spite of recession Briton shoppers will Spend More On Quality Food
Date: 2009-02-04 08:34:44
According to MealSavers.co.uk survey among 4,380 peopel consumers aren’t going to let the recession reduce the quality of the food they eat. People are cutting costs during the recession, but...
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People eat healthier in the UK
Date: 2009-02-04 08:15:06
British consumers are benefitting from the food industry's salt reduction efforts, according to new data from leading market insight provider, TNS Worldpanel. Between September 2006 and September 2008, shoppers bought...
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Retailers modify supplier contracts
Date: 2009-02-03 10:35:00
After an inspection of the Hungarian Competition Authority (GVH) some retailers (Cora, Auchan, Metro, Profi and Csemege Match) undertook to align its suppliers contrats to the competition and the retail...
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Company liquidations rise to record high in January
Date: 2009-02-03 10:20:00
The number of company liquidations in Hungary rose to 1400 only in the first month of the year, the Opten company-information service informed. Last year 11,500 firms were under liquidition,...
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The liquidation of Zalabaromfi became absolute
Date: 2009-02-03 09:19:00
According to former press information Zalabaromfi's owner Dale consortium's financial and business transaction at other companies made the processor's work impossible. As known CIB Bank has frozen the company's bank...
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US consumer spending in six month row
Date: 2009-02-03 08:21:52
According to government data consumption expenditures fell by 1.0 percent in December from the previous month. Personal income also contracted for the third consecutive month at 0.2 percent in December,...
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In 2008 sales prices of food industry grow by 10.4%
Date: 2009-02-02 08:27:40
Domestic sales prices of industry decreased by 1.6% in December 2008 compared to the previous month and were 8.3% higher than in December 2007. Export sales prices of industry...
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Expectations hit bottom again
Date: 2009-02-02 08:20:00
In industry, the plunge of the confidence index slowed down notably in December, but in January the index set to go south again. The value of GKI’s economic sentiment index...
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Russian consumer confidence index fall
Date: 2009-02-02 04:00:33
According to Nielsen research, Russian consumer confidence plunged to an eight year-low in the final quarter of 2008. The Nielsen survey said the consumer confidence index fell to 88 in...
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Next week closes the final meeting about Food codex
Date: 2009-01-30 08:14:59
Yesterday the comittee have to recess the meeting suites because ot the extraordinarily day in the Parliament. Members of the commitee are specialist of the ministry, representatives of the farmers,...
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Hungarian NO for GM maize
Date: 2009-01-30 07:56:34
In spite of EU comission's warning Hungary will not repeal the cultivation ban for MON 810 maize hibrid – said Zoltán Gőgös for business daily Világgazdaság. Last week EU called...
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Confidence continues to worsen
Date: 2009-01-30 05:41:24
According to Ecostat's latest measure of confidence reveals the sentiment at Hungary's biggest companies as well as at SMEs continued to worsen in January. Ecostat's TOP-100 measure of confidence at...
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Ten largest retailers raise 2008 sales by 8%
Date: 2009-01-30 04:53:16
The ten largest retail chains in Czech Republic raised sales by Kc23.2bn year-on-year to a record Kc312.2bn in 2008, according to preliminary results released by analytical company Incoma Research and...
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The Hungarian Poultry Product Board takes legal action
Date: 2009-01-29 05:55:00
Last week at Grüne Woche exhibiton in Berlin Hungarian goverment made efforts to promote the Hungary's position on goose liver producers. Also Four Claws, Austrian animal rights activists protest agains...
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ÉFOSZ is bitterly against vat increasing
Date: 2009-01-29 05:40:00
The Federation of Hungarian Food Industries (EFOSZ) is opposed to 5% vat increase for stabilize the Hungarian economy and the budget. The federation said today the Hungarian vat is higher...
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Professional training near to the market's request
Date: 2009-01-29 05:35:00
The ministry of work developes a new education program for professional training together with represents of the employers. Last year more than 40,000 professinal trained people got unemployment benefit, lot...
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Active young men spent the most for Christmas
Date: 2009-01-29 05:25:00
According to on-line study of Szonda Ipsos research company, 24% of Hungarian save money during the year for Christmas shopping, 4% of the responders borrowed. 20% of the responders spent...
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UK initiative for reducing houshold food waste
Date: 2009-01-29 00:00:00
The UK’s top grocery retailers, brands and manufacturers have committed to an industry-wide food waste reduction objective for the first time. The WRAP’s (Waste & Resources Action Programme) Love Food...
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Hungarian Trade Association is a lobbyist also for costumers
Date: 2009-01-28 00:00:00
The organisation protest against some new rules and turn down the unfounded accusation, that the suppliers are in bad economic situation because of the retailers. Hungarian Trade Association forecasts...
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Coface downgraded the financial ratings of 22 countrie
Date: 2009-01-28 00:00:00
In the year 2008 shortfalls in payment increased dramatically and will continue to do so. In total, shortfalls in payment between companies increased by 47% worldwide. According to Coface, the...
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Decreasing beer consumption in UK
Date: 2009-01-28 00:00:00
First the smoking ban, than the financial crisis and an 18 per cent rise in duty on beer last year, these kayoed the British catering trade. Beer sales in pubs...
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No sign of contaminated American peanut butter in Hungary
Date: 2009-01-28 00:00:00
Salmonella-contaminated American peanut butter has not entered circulation in Hungary, Hungary's food safety authority (MEBIH) said on Tuesday. Several European firms have distributed American peanut butter which is thought to...
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Nielsen stops PRISM Data System
Date: 2009-01-27 00:00:00
“Given the nation's serious economic state, Nielsen and its clients have decided this is not the right environment to launch a national syndicated service,” the company said in the statement....
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Sales in hypermarkets also decreased in November
Date: 2009-01-27 00:00:00
According to data of Hungarian Statistic Office, the volume of retail sales decreased by 2,0% in November, and by 1.9% in the first eleven months of 2008 compared to the...
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Benefit for processor, retailer and consumer
Date: 2009-01-26 00:00:00
The operetor of Quality Food from Hungary mark, the Agricultural Marketing Centre (AMC) urge on bigger collaboration. According to a new research by AMC, the Quality Food from Hungary mark...
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Acceptance of holiday cheques increased
Date: 2009-01-26 00:00:00
From January 2009 people can pay movie ticket, libery entrance, internet or adult education with holiday cheques. The Hungarian Foundation of Holiday started its work 10 years ago. The aim...
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HUF 2.5 billion subvention for dairy firms
Date: 2009-01-26 00:00:00
Agriculture minister József Gráf promisse central protection programs because of the low procurement prices. The subvention means partly buying the dairy products, restart the school milk program in value of...
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