Market News
Spirits: brandy, pálinka brandy and bitter are the most popular
Date: 2009-11-02 00:03:58
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
Date: 2009-11-02 00:02:11
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
Date: 2009-11-02 00:01:55
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
Date: 2009-11-02 00:00:42
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
Date: 2009-11-02 00:00:15
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
Date: 2009-10-30 00:03:00
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
Date: 2009-10-30 00:01:25
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
Date: 2009-10-29 00:06:12
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
Date: 2009-10-29 00:05:29
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
Date: 2009-10-28 00:07:01
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
Date: 2009-10-28 00:04:21
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
Date: 2009-10-28 00:03:12
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
Date: 2009-10-28 00:02:00
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
Date: 2009-10-28 00:01:25
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
Date: 2009-10-28 00:00:55
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
Date: 2009-10-28 00:00:22
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
Date: 2009-10-27 08:00:00
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
Date: 2009-10-27 08:00:00
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
Date: 2009-10-27 08:00:00
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
Date: 2009-10-27 08:00:00
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
Date: 2009-10-27 08:00:00
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
Date: 2009-10-27 08:00:00
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
Date: 2009-10-27 08:00:00
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
Date: 2009-10-27 08:00:00
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
Date: 2009-10-27 08:00:00
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
Date: 2009-10-27 08:00:00
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
Date: 2009-10-27 08:00:00
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.
Date: 2009-10-27 08:00:00
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
Date: 2009-10-27 08:00:00
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
Date: 2009-10-27 08:00:00
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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