Market News
Legal requirements relating to the labeling of foodstuffs to be more stringent
Date: 2014-12-09 12:34:42
The EU Regulation No. 1169/2011 on informing teh consumers in connection with food products will enter into force on 13 December 2014. “The regulation is applicable directly to all food...
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The unprofitable supermarkets and hypermarkets can be sanctioned
Date: 2014-12-09 12:30:53
The National Assembly adopted the proposal of the government on Tuesday that prohibits the sales of daily consumer goods for larger shops that are unable to produce profits for two...
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The favorable trend remains in the retail trade of household chemicals and cosmetics
Date: 2014-12-09 12:30:29
The retail trends has remained favorable in the case of the household chemicals and cosmetics. The turnover of this segment from January to October this year was 270 billion HUF...
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The NÉBIH is checking Austrian milk and dairy products
Date: 2014-12-09 11:28:08
Fazekas Sándor, Minister of Agriculture has ordered the increased monitoring of milk and dairy products originating from Austria – the Ministry of Agriculture’s press office informed MTI on Monday. In...
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One can pay with Bitcoin in the Romanian mobilPay system
Date: 2014-12-09 11:05:00
Now you can pay with Bitcoin in the about six thousand stores that joined to the Romanian NETOPIA mobilPay payment system – the cointelegraph.com news website reported on Saturday. Netopia...
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The value of the Becov drink collection is about 20 million crowns
Date: 2014-12-09 11:02:52
About 20 million crowns (221.4 million HUF) is the present value of the drink collection which was found in 1985 in the western Bohemian Becov nad Teplou castle. The castle’s...
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Fish production may increase by 3-4 percent this year
Date: 2014-12-08 11:52:36
Fish production may increase by 3-4 percent in Hungary from last year’s 22 thousand tonnes Lévai Ferenc, CEO of the Aranyponty Zrt. told on Monday to MTI. The CEO said...
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ILO: the wages in the developed economies are three times higher than in the developing countries
Date: 2014-12-08 11:40:54
The wages in the developed economies are still on average three times higher than in the developing countries, despite the fact that over the past decade, the average wages of...
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Substantial changes to be expected in the new round of applications
Date: 2014-12-08 11:25:07
The K & H business tips series of events for domestic businesses continued this year. This time, the experts presented the most concerning subjects of the SMEs, the support system...
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Healthy soil healthy life
Date: 2014-12-08 11:22:12
Healthy soils for a healthy life – teh International Year of the soils was launched with this slogan, which draws attention to the conscious and sustainable tillage, nutrient management, and...
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The book of Champagne and Aszú excellences has been published
Date: 2014-12-08 11:19:06
The book of Champagne and Aszú excellences has been published in the context of the Country Tasting Series. The book of Champagne and Aszú excellences presents the best domestic items...
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Brewie: Community campaign for homemade brewing
Date: 2014-12-08 11:17:20
The pioneer startup of home brewing, the Brewie has took off on one of the largest crowdfunding site, the Indiegogo. The goal of the two-month ongoing community campaign is 100...
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Ledó Ferenc became the new president of the FruitVeB
Date: 2014-12-08 11:15:25
The Hungarian Fruit and Vegetable Interprofessional Organisation (FruitVeB) elected Ledó Ferenc as the new President on 4 December in Budapest – the trade association told MTI on Monday. The new...
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Farmers spent a lot on fertilizers
Date: 2014-12-08 11:14:20
Because of the persistent rains and due to the inland water in several areas the farm work and the harvest is going slowly. For example in Békés county 5-7 percent...
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No shopping list
Date: 2014-12-08 09:39:54
Comparing POPAI’s general (2012) and hypermarket (2014) shopping habit studies reveals that in the USA fewer consumers use shopping lists – this is especially true for large-floor space stores. Back...
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Is Amazon really about to open its first off-line store?
Date: 2014-12-08 09:37:55
On 22 October Amazon will open its first off-line store in San Francisco’s Westfield shopping centre. The company announced that they would open several seasonal ‘pop-up stores’ around the USA,...
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Walmart: retreat or attack?
Date: 2014-12-08 08:35:23
Walmart drastically reduces the planned number of large-floor space store openings in the USA: instead of the 120 opened this year only 60-70 Walmarts will open in 2015. The retail...
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Amendments: the Sunday store closure would not be applied in the Advent period
Date: 2014-12-05 12:23:16
Two amendments submitted by the Fidesz would change the Christian Democratic’s bill on Sunday store closure at several points. The proposal would not affect the operation of the small family...
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The pálinka is popular among young people
Date: 2014-12-05 12:10:36
Young Hungarians consume pálinka mostly on the occasion of social gatherings. The family events, house parties, friendly toasts are the most inspiring situations to consume the distillate – the research...
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The Santa Claus Factory would like to give presents to at least three hundred thousand children
Date: 2014-12-05 11:33:43
The Christmas charity fundraising campaign called Santa Claus Factory would like to give presents to at least three hundred thousand children. The organzers of the campaign are waiting the offers...
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The guiness record of apple eating has been broken
Date: 2014-12-05 11:15:38
Hungarians broke the previous Guinness record for eating apples in Budapest. MTI Photos: Balazs Mohai At the Minden nap! (Every Day!) event more than one thousand people were eating apples...
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The price of buckwheat, eggs and vegetables increased the most in Russia
Date: 2014-12-05 11:10:08
Consumer prices increased by 0.3 percent in Russia between 25 November and 1 December. The prices rose by 8.5 percent erom the beginning of the year until 1 December. In...
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EXIM representations opening all over Hungary
Date: 2014-12-05 10:36:00
This autumn nine EXIM offices open in Hungary, in Győr, Nagykanizsa, Miskolc, Debrecen, Kecskemét, Pécs, Szeged, Székesfehérvár and Veszprém. The state-owned financial institution’s goal is provide financing and insurance schemes...
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Where are you going, world economy?
Date: 2014-12-05 10:29:53
The world is afraid that the Fed will increase interest rates. In the Ukraine everything is the same. Europe is suffering because of the Russian sanctions. Europe’s flagship, the German...
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Vodka sales grew, pálinka sales dropped
Date: 2014-12-05 10:26:29
Combined retail sales of the nine spirit categories amounted to more than HUF 40 billion in the December 2013-July 2014 period. Compared with the same period a year before, liqueur...
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The Christmas gift packages reached a nearly four billion HUF turnover at the end of 2013
Date: 2014-12-04 11:50:35
The retail sales of Christmas gift packages containing medicinal products lotions, nonprescription medicines and health care products increased in value and in amount of in November and December last year,...
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The performance of agriculture has steadily expanded this year
Date: 2014-12-04 11:45:46
The performance of agriculture has expanded this year even in spite of last year's high base. In 2013 the role of agriculture was determining in the economic growth, and this...
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KSH: the foreign trade surplus was 939 million euros in September
Date: 2014-12-04 11:37:09
In September, the export value increased by 6.0 percent, while the value of imports increased by 5.5 percent compared to the same period of the previous year. The trade surplus...
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GFK: The fifth of the innovations becomes a successful mass-market product
Date: 2014-12-04 11:34:53
Over the past three years, a total of 41 products and services won the “Product of the Year Award.” Most of the winners came from the fast moving consumer goods...
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How to be cautious when using the internet to buy for Christmas?
Date: 2014-12-04 11:30:12
The popularity of online shopping is slowly but surely growing in Hungary. Most of these transactions are taking place during the Christmas shopping, due to the more and more appreciating...
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