Market News

Magazine: Hungarian consumers took a liking to coupons

This summer bonuses, coupons and vouchers were covered widely in the media. The reason of this popularity was a study on the topic, published by GKIeNet and BCE E-business Research...

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No changes in the forkforce setting this year

According to Manpower's recently published Labour Force Survey, no particular changes are being expected in the Hungarian labor market. Of the 750 employers surveyed, 11% want to increase the workforce,...

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Japanese scientists attempt to breed caesium radiation resistant rice

Japanese scientists are attempting to breed a strain of rice, which is resistant to radioactive caesium, by testing over 100 varieties of the crop. Vast tracts of rice crops in...

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A series of events to present the Hungarian Agricultural Quality Award

The Hungarian agriculture market position can be strengthened only with high quality products – said Bognár Lajos, Deputy Secretary of State in charge for food chain surveillance and agri management...

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The price of raw milk may increase

According to the Milk Marketing Board; because of the raw milk price increases, the retail price of milk may increase by 5 to 10 percent of the, if the chains...

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KSH: Consumer prices rose by 3.6 percent

Consumer prices in August 2011 fell by 0.1 percent, compared to July – reported the Central Statistical Office (KSH). Prices rose by 3.6 percent compared to last August. In a...

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The retail property market is characterized by duality

The retail property market is characterized by duality: the retail sales did not come back since the crisis, many of the tenants are in a difficult situation, but for the...

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The government recommends reverse VAT tax on agricultural products

The government has initiated a further extension of reverse VAT tax in connection with agricultural products. According to the expert of DTM RSM; the change that can eliminate the possibility...

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More European agrar-export to Switzerland

The European Parliament, throughout its plenary meeeting in Strasbourg has accepted the development of the agreement between the EU and Switzerland about agrar-export. Switzerland is the third greatest market for...

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The rate of black trade is 30-40 percent on the Hungarian meat market

The rate of black trade is 30-40 percent on the Hungarian meat market – states Sákán Antal, President of the Hungarian Pig Breeders (MSSZ) Association in his statement. In relation...

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The producer price of agricultural products increased by twenty-five percent

According to the datas of the Central Statistical Office (KSH); the producer price of agricultural products in July increased by 25 percent in annual terms. The measured price level during...

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Without government help the onion of Makó may disappear from the market

In recent years, the Makói onion-growing area decreased to 150 hectares from the former 4000 hectares, without government support this product may disappear from the market – can be read...

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GKI: Growth below 2 percent, stagnating consumption

According to the forecast of GKI Economic Research Co. the expected rate of GDP growth this year and next year will be significantly slower, only between 1.5 and 2 per...

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Charity shop in Szeged

In Szeged's first charity shop clothes, toys and books will be sold that were given by companies and individuals. MTI Photo: Kelemen Zoltán Gergely From Hungary the charity shops, that...

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New local wine magazine in Debrecen

In order to resurrect the old wine-traditions of Debrecen, a new wine-magazine has published its first issue this September – Pál Kovács, president of the Debrecen Wine-friends' Publisher has announced...

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When the chips tax will appear in prices?

Contrary to the earlier belief the new tax appears much earlier in the prices. Those traders can even gain on the introduction of the tax, that purchased the products in...

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The foreign trade surplus increased further: the weak import reflects the lack of domestic demand

In the first seven months of the year, exports grew by 17 percent, compared with the import's growth of 14 percent. In July, the value of Hungarian export was 6.2...

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The old vine plantations forecast a decline in wine production

The current downward trend of the Hungarian wine production may continue in the forthcoming years, because the number of modern, newly planted vineyards in Hungary is low – said Varga...

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The vast majority of domestic organic products find markets abroad

The labor-intensive organic farming may pay an important role in the various employment and social programs – said experts. According to them; the areas involved in production can soon be...

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Czech VAT rate may rise to nearly double

The Czech government plans to raise the value added tax's rate next year, if the economic growth will be slower than expected – said the Czech prime minister in a...

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Harvest began at Tokaj-foothills

The harvest of early ripening grapes began on Wednesday in the Tokaj foothills. According to estimates, the crop is going to be over 300 thousands quintals of grapes, and the...

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Pork shortage in China

In China the number of porks is low, the price of meat is 57 percent higher than before. The state launches a 80 billion HUF worth pork plant program. Meanwhile,...

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Food safety: more than 10 thousand controls

In two months of this summer – that is July and August – experts responsible for food safety have carried out a total of 12,500 controls. Throughout these regular authority...

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The excise tax increase may appear in consumer prices

According to traders; the government's intention to increase taxes is moderate, but the increase in excise duty willentirety appear in consumer prices. It is excluded that the trade could swallow...

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The majority owner of the Magyar Cukor Zrt. prepares for price increase

The Austrian Agrana group, which is the majority owner of the Magyar Cukor Zrt. is expected to increase sugar prices by more than 20 percent from October – told Johann...

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Central European Top 500: The consumer goods manufacturers and trading companies are among the losers

The Deloitte compiled the Top 500 list of the Central European companies. Mol holds its 2nd position with its 15,530 million euros net income of last year, while Audi Hungária...

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More support for the restructuring of vineyards

Farmers receive about 12 billion forints in the next two years, for the restructuring of vineyards – the Ministry of Rural Development (VM) has informed MTI. For community-financed program for...

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Fruit prices go up in Slovakia

According to initital estimates, high-quality fruit will get 10-30 percent more expensive in Slovakia – daily Új Szó from Bratislava pointed out this week. Apple-crop is expected to be about...

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Hungary's competitiveness improved four places

Hungary stands on the 48th place from last year's 52nd place in the global competitiveness ranking of the World Economic Forum (WEF) in 2011 – announced Palócz Éva, CEO of...

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