Events

A touch of the future

The futuristic GINNT Expo was held on 10-11.June. The “Eat the code!” campaign conducted by the main sponsor GS1 and Kitchen Budapest had been highly successful in promoting the event....

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Asda in Scotland

UK retailer, Asda, has announced plans to expand within Scotland, investing over €300 million the next three years. It currently has 47 food stores, and will open a new “eco...

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Decreasing volume, improving balance

Exports totalled HUF 1,381 billion in April 2009, while imports totalled HUF 1,256 billion. Export was down by 29 percent calculated in EUR, while import was down by 35 percent...

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Parliament accepted food product line laws

On 29 June by extra procedure, the parliament accepted food product line laws without any votes against. The National Trade Association (OKSZ) protested in a communication. The law listing itemized...

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Hungarians spends 80 billion HUF on cheese

According to Nielsen market research company; cheese is the food which has one of the biggest turnover. The retail sales of cheese are stable and, exceeds 80 billion HUF per...

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Drought and storm – the prospects of Hungarian wheat

Because of the drought, harvest began before the traditional date this year, especially in the southern counties. Rainy weather has no crop increasing impact, in some places it can cause...

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Just a small increase in traffic before VAT increase

Compared with the usual, small or no increase had been measured in traffic in the stores before the VAT increase of 1 July. According to Hackl Mónika Tesco's head of...

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Stable Fruit Consumption

According to the Central Statistical Office; in 2007, food consumption per person was 194 kg, which is one of the lowest value of the decade. Fourteen percent was spent on...

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Firms do not save on training

Four-fifths part of the companies did not reducted the expenditure on education in the past half year, despite the financial difficulties – reveals the survey of British Institute of Directors....

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Lapsing vegetables and fruits standards in the European Union

From the 1st of July, despite protests of the big producers, the community level marketing standards for 26 different vegetables and fruits will be terminated. The EU regulated since the...

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Stagnant economy and rising unemployment

According to Ecostat and Világgazdaság the economy stagnated in June. According to the datas of Central Statistical Office, the unemployment rate increased to 9.9 percent. The economy is still in...

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Chemical residue was found in peppers and strawberries

The Levegő Munkacsoport (Clean Air Action Group) found chemical residue above the permissible limit quantities in peppers from Morocco and strawberries from Hungary. The civil organization investigated 17 strawberry and...

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USA – savings rather than consumption

The deposits of commercial banks increased 1.7 percent and reached 7,500 billion USD in May. If the savings rate rises with the same intensity, a new recession could hit the...

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Since nine years there was not so many empty shops downtown, like in the 2008

According to the mid-year survey of Ecorys Hungary international consultant company; the downtown business market faces the highest vacancy of the past 9 years. This year, 16.8 percent of the...

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Alimentaria 2010 is set to be an exceptional international business centre and platform for brands

Alimentaria, the International Food and Beverages Exhibition, is once again preparing to make Barcelona the world’s food and beverage capital. The event will be held 22-26 March 2010 in a...

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Agricultural strategy, addressed to the government

The Hungarian Chamber of Agriculture adopted an agricultural strategy consist of 10 points on 25 June 2009. The recommendation is looking for a way out of the crisis situation of...

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Hungarian corn will be utilized by the European Union

The European Union will utilize16 thousand tonnes of corn, from the 2004 and 2005 harvest probably cheaper than the intervention price. Offers should be submitted by mid-December 2009. The stock...

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Fair trade might be a subject to vote on Monday already

The entire parliament has supported the bill about fair trade stating that it should depend on the agrarian minister's decision whether or not the competition authority should proceed in certain...

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National Commercial Association did not expect bill to be tabled

National Commercial Association (OKSZ) disapproves the fact that members of the parliament have tabled a bill in connection with Food Codex prior to the agreement on 24th June. They are...

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A 3.4% year-on-year decrease in the volume of retail sales in the first four months of 2009

In April, retail sales continued to decrease at an increasing rate, showing a decrease in volume of 4.1% compared with last April. Compared to the previous month, the volume of...

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Retail sales remain weak in Great Britain

Retail sales in Great Britain fell for the second month running in the year to June, following April’s brief respite, the CBI announced this week. The decline, broadly in line...

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Stockmen in Vas may get nearly six billion HUF

Farmers in Vas County have won 5.8 billion HUF from the European Agricultural and Rural Developmental Found in order to make settlements more up-to-date – an arictle by Origo states....

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British business services sector may lose over 300 thousand jobs

Over 334,000 jobs will be axed across the business services sector by 2011 – the Centre for Economics and Business Research (CEBR) warned. The study conducted by CEBR suggests that...

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UN-OECD outlook: growing food prices in the next ten years

Increased demand for biofuels driven by high oil prices is causing fundamental changes to agricultural markets that could drive up world prices for many farm products, according to the new...

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The agrarian branch may be a way out of recession

Significant changes occurred in the agrifood chains and related market relations throughout Central and Eastern Europe during the last decades, results are stable now – professor Csaba Csáki pointed out...

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Preferential tax for benifits in kind

Based on a new agreement by National Interest Reconciliation Council, benifits in kind are not being taxed according to the 32 percent general, but the 25 percent preferenitial tax key....

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The way GKI sees 2009

For Hungary (and for every other emerging country) the period of ample liquidity finished that came to en and last year meant that missing domestic savings could be substituted with...

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Hungarian customers get information online before shopping

Hungarian customers do obtain information online before doing the actual shopping in most of the cases – according to a survey conducted by TNS Infratest, ordered by Google. Thousand customers...

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VAT-war goes on: OKSZ denies its responsibility

OKSZ (National Commercial Association) denies the assumption that they abuse producers' market strength when it comes to the VAT-rise. Hungarian food producers have made their complaints at the Commercial Competition...

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Drink makers afraid of VAT-changes

While certain areas of the Hungarian alcoholic beverages market will hardly be affected by tax changes, other segments may suffer greatly. Csaba Horváth, secretary general of Hegyközségek Nemzeti Tanácsa said...

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