Events

Hungarian Agraracademy last weekend

Representatives of Hungarian agriculture and food industry gathered for a two-day long program last week in Pápa.  According to József Gráf agricultural and rural development minister, 2010 is going to...

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Exxon Mobil overtakes Wal-Mart to top Fortune 500

Exxon Mobil Corp. unseated Wal-Mart Stores Inc. in the 2009 Fortune 500 list, shrugging off the oil price bubble and weathering what the magazine called the worst year ever for...

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Nearly one billion euro sales on the Romanian beer-market

The four multinational companies of the Romanian beer-market are closing a year with a nearly one billion euro sales – as announced in the Friday issue of Ziarul Financiar. Eighty...

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Domestic FMCG market turndown in Q4 in 2008 and in the first two months of 2009

Daily consumer-products value has rosen faster than inflation, yet in October when worldwide economic crisis had been announced, the market fell back with 3.7 percent – a survey called Commercial...

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Garantiqua raising guarantee limit to 90 percent

Garantiqa Hitelgarancia Ltd. has raised its guarantee limit from 80% to 90% for companies whose loans do not exceed their annual payroll costs, and the EU has accepted the company's...

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Lack of poultry-products on the Hungarian market

Deficiency may take shape in the next months when it comes to certain chicken products on the domestic market as inland demand for certain poultry meats is getting more and...

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Prices falling in Spain, too

Prices have been confirmed to have fallen in Spain for the first time in March, down by -0.1% in the annual IPC released by the INE, National Statistics Institute.  The...

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At least eight organic farmers a month are quitting their scemes

At least two organic farmers a week are leaving the movement as consumer demand for premium food stagnates and costs rise – according to The Guardian1s article, this tendency continues....

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Senior citizens and young people are not likely to change their shopping habits

With the latest news showing that most Americans are continuing to hold back on spending, it looks as if Gen Y and senior citizens may be the exceptions, according to...

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Food-to-Go shoppers say quality is more important than price

Shoppers who buy food and beverages to go are more concerned about quality and freshness than price – according to a new consumer trends report released by United Kingdom-based IGD....

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Agricultural Chamber says a good crop is to be expected

Due to the sudden warm spring, nearly all hosts involved in agriculture have fallen behind with their work to do, including plant-protection – the Hungarian Agricultural Chamber has pointed out....

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Increased interest in Real Vienna trade fair

Real Vienna, the international trade fair for commercial and industry properties opens on 26th and 28th May this year, for the fourth time.  The trademark of the Real Vienna and...

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Online marketing blooming in Hungary

2008 saw a 7 percent increase in the amount of money spent on advertisements, with online marketing gaining a 10 percent part of the entire market – Hungarian Commercial Association...

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Free counsel-series on environment protection product-fee

The amendment about the environment protection product-fee came into force on 1st January, still there are numerous questions about it to be answered within the compass of a free counsel-serie...

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Food prices increased again

In March 2009 consumer prices increased by 0.5% compared to the previous month and rose by 2.9% compared to March 2008, according to fresh data by KSH, Hungarian Statistical Office....

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Food Codex violating competition-rules according to Hungarian Competition Authority

Food Codex has only been signed on Thursday, yet the Hungarian Competition Authority is examining the agreement as certain details may be viewed as a restraint of competition.  Hungarian Competition...

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Tunafish being popular in spite of increased prices

Even though tunafish-prices have increased in the past few months, there is az increased interest in buying tuna as well. Alliance Tuna International, Inc. from the Philippenes have announced a...

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Balaton-wines received most awards again

Wines from the Balaton-area have received most awards at one of the strictest international wine-competitions Vinitaly inVerona, Italy.  Seven out of thirty Hungarian competitors have received Gran Menzione-award, and four...

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87% of shoppers are making changes in reaction to the recession

87% of UK households are making changes in reaction to the recession – according to new research by Shoppercentric, an independent agency specialising in shopper behaviour research With more than...

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New EU-rule scaring Hungarian wine-experts and manufacturers

European Union is about to launch a new regulation which may mean serious danger to Hungarian winery, allowing manufacturers to produce rosé by mixing red- and white wine – Hír...

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Slovakian customers doing all major shoppings in Hungary

More and more stores in Győr allow customers to pay in euro, whereas Slovakian supermarkets near the border are missing their old customers and see a 40 percent decrease in...

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Global Innovation Technologies Expo, first time in Budapest

The first Global Innovation Technologies Expo is about to take place on 10th-11th June in the European Congess Center in Budapest, to provide Central European entrepreneurs with new technological information....

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Fifty percent of Central-Europeans are pessimistic

Almost 50% of Poles, Czechs and Slovaks fear that the world crisis will affect their families’ future, according to the March-results of a poll released by CBOS.  Forty-eight percent of...

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Wine distillation support from EU source

Those producers who has a fix delivery contract with commercial distilleries can receive wine distillation support. According to the statement of  the Agriculture and Rural Development Office, an applicant is...

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Consumer-expectations deteroriating according to GKI

Consumers are even more pessimistic in now than they were months ago – according to the forecast of GKI Economic Research Co. prepared in co-operation with the European Union.  Since...

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Food Codex finally signed

After much waiting, the Food Codex has finally been signed on Thursday. 80% of products would be of Hungarian origin starting from 1st July.  As known codex-trials bled between dealers,...

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Instant food and sandwich materials benefit from the crisis

Mega-manufacturers with a variety of brands (like Kraft and Nestle) are benefiting from the recession as at-home dining is on the rise – says a London-based consumer market research firm...

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No change in the price of cereals and grain in general

The second greatest grain-production of history is about to come, but there is no effective demand due to the crisis, so grain-prices are not going to change – Hungarian Agricultural...

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Fashionable coffee-drinks for young people produced a 20 percent rose in Germany

Germany's coffee sales rose by 7,140 tonnes on the year in 2008 to 519,160 tonnes, Germany's coffee industry association pointed out. New, fashionable coffee drinks and an expanding coffee shop...

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American retail-chains doing slightly better

Sales at U.S. retailers declined less than expected in March in a sign that shoppers may be regaining confidence to open their wallets after more than a year of recession....

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