Market News

Retail sales decreased 4.2% in November 2007

Two prozent less food and 2-2.4% sales fall in hypers and other food stores.  The retail sales has been falling since the beginning of the year 2007. The volume of...

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Instore TV- Right message on the right palace

In the US there are more than 130,000 locations with over 500,000 digital screens. Broadcasters said these digital networks offer advertisers access to consumers at the point of purchase, measurability...

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The boom in food prices could last longer

The report, published by Bidwells Agribusiness, said it is impossible to know yet whether the agricultural market was facing a structural or a cyclical change. Instead of focusing on the...

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China's Retail Sales Of Consumer Goods Up 17%

China's retail sales of consumer goods rose 17% to US$1.2 trillion in 2007 from a year ago, compared to a 13.7% increase in 2006.  Meanwhile, official data revealed that prices...

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Plastic Bag stop in Poland

The Biedronka supermarket chain has announced that it is stopping the usage of plastic bags, and plans to eliminate them from its stores before end-2008. The Polish Environment Ministry approved...

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Rounding errors at 1-2 forint coins withdrawal

Gyorgy Vamos, President of Hungarian Trade Association wrote a comment about the problems, that brings the 1-2 HUF coins withdrawal. The President said there are not exactly rules about the...

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Real wages decreased by 4.7%

Average gross and net earnings by national concept rose by 8.3% and by 2.9% respectively compared to the same period of the previous year.  2 million 765 thousand persons were...

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From Januar all local business tax breaks and exemptions eliminated

In its latest Tax and Legal Alert on Monday, PricewaterhouseCoopers detailed the implications.  Due to the requirements of harmonizing Hungarian regulations with Community legislation, local business tax breaks and exemptions...

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Commission encourages development of 'innovative' foods

The European novel food regulation could bring the waiting time from around three years to just one for the applicants. This proposal aims to create a more efficient and practical...

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Gherkins cured with mouse

The Slovene Mercator retail chain has to recall jars of pickled gherkins made by Hungarian Parmen Ltd., because a jar containing mouse remains. Mercator started preparing the documentation for the...

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In November 2007 the industrial gross output increased by 5.5%

The volume of the production was higher by 8.2% in the first eleven months of 2007 than in the same period of the previous year. The industrial export sales grew...

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Consumer price are increased higher az waited in December

In the food sector the prices of procecced products growth faster as the prices of comestible. In December 2007 consumer prices increased by 0.4% compared to the previous month and...

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Malls at the country side

According to Association of Hungarian Malls this year more shopping centers will be opened outside of Budapest.  Center Invest Ltd. plans 5 malls: in Godollo, Kaposvar, Keszthely, Nagykanizsa and Gyongyos....

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Daily 300,000 „Turo Rudis” by the time the Olympic Games

In mid January EU-Milk Technologies Kft is to start up a Chinese production line.   Within a year a combined Hungarian and Chinese company is expected to operate Rudis (a chocolate...

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Moskow to enrich its Food Producing

The transfer of arable land owned by the Defense ministry to agricultural producers will be speed up.  Russian First Deputy Prime Minister and most likely future president Dmitry Medvedev called...

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Changes at Agriculture Ministry

State Secretary for Agricultural Administration Fulop Benedek leaves the ministry, the organization will have a new State Secretary Miklos Suth.  In the future Fulop Benedek works at the State Treasury,...

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Nine swans dead as bird flu concern grows

Dead wild swans were found infected with the H5N1 strain of bird flu near to Dorset.  Defra has set up control and monitoring areas around the Abbotsbury site to try...

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Worldwide Fight against plastic bags

China made progress in the battle against bags, banning free plastic shopping bags, in the US stores have to collect back the used bags.  Australian Government move to scrap plastic...

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Price of grain and fruits pushed the index

In November 2007 the producer price level of agricultural products rose by 35.3 percent, compared to the corresponding month of the previous year. The price level of crops and horticultural...

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Industrial expectations deteriorated, consumer confidence improved

The seasonally adjusted GKI Economic Sentiment Index increased a little in December. The survey of GKI Economic Research Co.– supported by the European Union – shows that after a significant...

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(HU) Eredményes volt a hathetes akció

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