News and articles
A Wine Parliament will be held again in Ópusztaszer
The wine estates and professionals of the Carpathian Basin will gather to the first scene of the national assembly, to Ópusztaszer on 18 January to discuss about the future of...
Read moreSunday closure: the National Electoral Commission refused to authenticate the signatures on the referendum
The National Electoral Commission (NVB) at its Friday meeting refused to authenticate the signatures on the referendum. Szepessy Zsolt, chairman of the Összefogás Párt (Unity Party) sought the national referendum...
Read moreKSH: export surplus increased in November 2014
In November, the euro value of exports was 3.2, while the euro value of imports was 2.4 percent higher than a year before. The 832 million euros trade balance surplus...
Read moreThe Wines of Budapest will be wines from Somló and Szekszárd in 2015
Among the white wines, the 2011 vintage Somlói Top Selection Apátsági Furmint of the Tornai Winery, among the red wines the 2011 vintage Szekszárdi Tivald Cabernet Sauvignon of the Eszterbauer...
Read moreDismissals at Coca-Cola
Coca-Cola's revenue fell by 14 percent inthe third quarter of 2014 compared to the same period of 2013. The company late last year was forced to warn its investors that...
Read moreIce cube for 8 USD
A piece of hand-carved ice cubes cost eight USD, while the fifties package costs 325 USD. However, they are not statues, but perfectly carved geometric shapes. Photo :: Glace Luxury...
Read moreHungarians are a bit more eager to buy
A Nielsen survey in the third quarter found that 72 percent of Hungarian consumers think Hungary is in economic recession. Willingness to buy is smaller than the European average but...
Read moreLess and less small stores
In January 2014 there were 17,466 grocery stores with a floor space of or below 400m² in Hungary. Between December 2013 and September 2014 they realised a HUF 1,220-billion turnover...
Read moreSeasonal decline may soon start in tobacco retail
So far the recent trends of the tobacco market haven’t changed. Manufacturers remained active in the market, JTI and Philip Morris launched new products once again – JTI’s old/new cigarette...
Read moreLooks and content both matter when it comes to buying dessert
After last year’s sudden halt the praline market revitalised in 2014 – we learned from Andrea Révfalvi, marketing manager of Bonbonetti Choco Kft. She told that the main driving force...
Read moreKSH: retail sales increased by 5.2 percent in November
Due to the incresae of fuel sales the volume of retail sales showed the same 5.2 percent increase in November as in October – the Central Statistical Office (KSH) reported...
Read moreAnalysts: the November retail data become better-than-expected
The become better-than-expected retail data in November was clearly pulled up by the fuel sales – the macro analyst of the Buda-Cash and K&H commented the fresh data of the...
Read moreTesco can close several Hungarian units
The Tesco supermarket chain plans to close unprofitable stores in Hungary – the Magyar Nemzet was informed by the inner circles of the multinational company. The measure, that was made...
Read moreRetail sales increased in the EU
The retail sales increased in the European Union both in monthly and annual comparision in November, according to the non-finalised calculations. According to seasonally adjusted data, the volume of the...
Read moreGfK: stagnating consumer confidence
According to the analysis of the GfK Consumer Confidence Index, in the last quarter of 2014, the index has reached a 1-point increase. The consumer expectations are stagnating, while the...
Read moreThe NGM about the Sunday opening hours
The decree about the Sunday rest day will be ready in the first quarter of 2015, but the law already contains a number of exceptions – the Ministry of National...
Read moreTesco starts the year with store closures and discounts in Great Britain
Tesco is to close its headquarters in Cheshunt and 43 unprofitable stores as part of a drastic plan to turnaround the supermarket retailer. Dave Lewis, the new chief executive, also...
Read moreThe dairy product council and the Vitafort Zrt. have extended their cooperation agreement
The Vitafort Első Takarmánygyártó és Forgalmazó Zrt. (Vitafort First Feed Production and Distribution Company) and the Milk and Interprofessional Organization and Marketing Board (Tej Szakmaközi Szervezet és Terméktanács) signed a...
Read moreWorkania: gross wages increased by 6 percent in 2014
Last year the gross wages increased by 6 percent in Hungary to 246 thousand HUF, compared to the average gross salaries of 2013. The largest increase was in the area...
Read moreWe relax with drinking coffee and moving less
Sixty-seven percent of the Hungarians are realaxing by drinking coffee if only have ten minutes of free time, but if they have several hours they prefer watching TV or listening...
Read moreThe Romanian retail trade increased by more than seven percent in January-November 2014
The Romanian retail trade increased by more than seven percent in the first eleven months of the last year – the Romanian national statistical institute announced on Thursday. The raw...
Read moreThe data speed of indoor mobile network will be increased with the new development of Ericsson
The Swedish Telecom giant, the Ericsson expects that the 4G smartphones will be able to download data three times faster later this year with a little help from wireless spectrum...
Read moreThe economy takes a step back – optimism didn’t last
The autumn is expected to bring a negative turn in the economy, due to changes in taxation and the 2015 budget. Growth rate will probably be around 2.5 percent in...
Read moreBNV returns this autumn
Gabriella Szántó, communications director of Hungexpo Zrt. told our magazine that next autumn the Budapest International Fair (BNV), one of Hungexpo’s best-known brands would return with a new concept. It...
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Improved sales by manufacturer brands
Like-for-like air freshener sales were between HUF 4 and 5 billion in January-August 2015, with value sales rising 5 percent. Drugstores had the biggest share from value sales, 27 percent...
Read moreThe excise guarantee of alcohol distributors may remain on last year's level
The Prime Minister’s Office does not agree with any of the excise rate increase proposals of Gulyás Gergely (Fidesz) nor the Ministry of National Economy (NGM), therefore initiates amendments that...
Read moreMNB: The banks disbursed loans of 472.3 billion HUF in the second phase of the NHP
The banks disbursed loans in a value of 472.3 billion HUF in the second phase of the Credit growth Programme (NHP) by the end of last year. The loans granted...
Read moreGive Good!
The past few weeks were about kindness, caring and good actions as well. These good things should not end after the holidays, because they have justification in the whole year,...
Read moreHungary closed a record year in 2014 in the payment of EU funds
On the basis of the data it seems sure that 100 percent of the EU funds was utilized – Csepreghy Nándor Deputy Minister of State, responsible for for Development Policy...
Read moreOnline trade is promoted among farmers
The online trade is promoted by the Magro.hu agricultural marketplace among the farmers at a video-conference on 21 and 22 January – the organizing company told MTI on Wednesday. According...
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