Market News

Spirits: brandy, pálinka brandy and bitter are the most popular

The retail sales of distilled spirits were 73 billion HUF between October 2008 and November 2009, just like as in the previous comparable period. However, a 5 percent volume reduction...

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The foreign trade balance improved further – besides declining exports and imports

In August, the foreign trade exports decreased by 10, imports by 15 percent, compared to a year earlier. In the January-August period, exports decreased by 17, imports by 23 percent...

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Increase in the support for product sellers

The government will increase the support of its working capital loan program with three billion HUF in order to support the product sellers in the fruit and vegetable sector. Government...

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Still far from a real boom

Chen Deming, Chinese Minister of Commerce and Joseph Stiglitz, Nobel Prized economist also expressed doubts about the fast recovering from the recession, at an economic conference in Shanghai. Although more...

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Plaza Centers: stopped investments in Romania

Plaza Centers, suspended its eight Romanian projects. The planned investment projects would have been realised in a worth of a total two billion euros. "In the current economic situation it...

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U.S. economy grew in July-September

The U.S. economy grown by 3.5 percent in the third quarter. Analysts expected 2,7-3,5 percent increase. The U.S. economy became smaller with 2.3 percent last year. In the first quarter...

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French government vs. chain of stores

The French Ministry of Economy denounced 9 large chains with the charge of abusing of suppliers. Six of the chains are distributing primarily food products. The French press has been...

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The MVH will purchase the surplus grain

The Agriculture and Rural Development Agency (MVH) can buy unlimited quantities of wheat and barley offered for intervention from 1st November. On the basis of the proposals, the purchasing 400...

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Increase in alcohol taxes, tighter controls

The alcohol tax rate will be increased next year. Tighter controls are expected in the pálinka breweries during the autumn, and new security locks will be used on the equipments....

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Food industrial applications up to 1.6 million euros

The modification of the regulation over the “EMVA agricultural products, adding value to provide aid” is already available. On this basis, one can apply until 30th November at the Agriculture...

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U.S.A.: rising house prices, falling consumer confidence

Compared to July, 1.2 percent increase has occured in house prices in the U.S.A. The publication of Conference Board's consumer confidence index washed away optimism. The index was well below...

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New regulation control the services provided at accommodations

According to the new government regulation; The hotels should provide other services besides accommodation, and at least 11 rooms and 21 beds should be maintained. The regulation covers all accommodation...

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Growing retail real estate investments in the second quarter of 2009

According to the latest reasearch of Jones Lang LaSalle real estate consultant; European retail real estate investments increased 85 by percent in the second quarter compared to the first quarter....

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Food prices may dramatically increase

According to the experts of the Standard Chartered Bank; Great food price increases may come in the next few decades. The UN estimates that, by 2050 the global population will...

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Climate protection instead of agricultural support

The pre-draft document in which the European Commission outlines its visions for the 2014 – 2020 budget, indicates a strong shift from the agricultural policy and employement towards climate change...

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GM products in Hungarian shops without any indication

Despite Hungary stands out strongly under the prohibition of gene modified (GM) plants, domestic agriculture is not yet without them. The only permitted gene modified MON810 maize in Europe, although...

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Lower praline sales in the first 6 months

According to GfK Hungária’s ConsumerScan, average praline sales exceeded 1.3 kg (approximately 8 boxes) in the first 6 months, we usually buy 1-2 boxes once a month. Buying frequency was...

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Széchenyi Card in numbers

The programme was launched in 2002 and after 160,000 applications 120,000 have been handed out so far. SMEs usually apply for HUF 5 million or smaller loans. More and more...

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Pasta market surpasses HUF 27 billion

Annual pasta sales were up by 4 percent in August 2008-June 2009 and surpassed HUF 27 billion. In the same period volume sales stagnated around 53,000 tons, reveals the Nielsen...

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Decrease has not stopped

Retail sales continued to fall in July (6.6 percent in volume). According to KSH’s report, the decrease was 2.3 percent smaller than in the previous month. In the first seven...

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More cooking done at home is both an opportunity and a challenge for pasta

Average price on the pasta market has been stagnating since 2008 and private labels have achieved a 45 percent market share. Import is not significant and egg-content is practically unchanged....

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Cattle sent to the slaughter

Agricultural Eonomics Research Institute (AKI) continuously monitors and publishes world trends in poultry and fruit/vegetable products. Their latest market report reveals that decrease in the production price of domestic slaughter...

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We buy pasta more frequently

The volume of pasta bought per household increased moderately in January-June 2009, reveals GfK Hungária’s ConsumerScan. Fewer households bought pasta, sales still improved by 2 percent. 80 percent of households...

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Optimistic report on the economic perspectives of the near future

Summer data indicate a moderate improvement in the situation of the world economy and Hungary: the most painful part of the crisis is over. However, the extent and length of...

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Gift packages: old brands and new concepts

Most producers agree that in volume sales last year’s level is achievable, producers do not prepare with crisis-packages but with beautiful and eye-pleasing offers. Unilever Magyarország Kft. was the number...

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Payment deadline may become longer

In Central and Eastern Europe the number of companies whose credit ratings dropped kept increasing in the past few years – says Zoltán Dercze, managing director of Coface Hungary. 45...

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Only LCD and plasma televisions achieved growth

In the first half of the year, the market of consumer electronics contracted by 25 percent in both value and volume, compared to the same period last year – finds...

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Retail turnover on the increase in Belgium.

According to an estimate by Eurostat, the volume of retail turnover continued to decline in July 2009: by 0.9 percent in the EU-27 and by 1.8 percent in the eurozone,...

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Loan market recovering slowly

After the development of previous years, the loan market dramatically declined. Global crisis narrowed down resources, entailing a lending activity contracted to the minimum; at the same time interest rates...

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Wages and salaries are up by two percent

At enterprises employing a minimum of 5 people and at budgetary institutions, gross average wages were 1.3 percent higher and net average wages improved by 1.4 percent in the first...

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