News and articles
ProgAdat’s data management system to be dressed in cloud
Date: 2015-01-12 11:41:59
One of the widespread management solution of the of domestic trade, the ProgAdat ProFinance System is operating in a cloud environment as well. The businesses using the ProgAdat ProFinance System...
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Californians can eat foie gras again
Date: 2015-01-12 11:25:15
A Los Angeles federal judge overturned the federal government’s ban on foie gras sales, because it was contrary to the US trade laws. The goose filling will continue to be...
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Organic farming or conventional farming?
Date: 2015-01-12 11:24:17
John Krebs climate expert told at the Oxford Farming Conference on Wednesday 7 January that organic farming might do more damage to the environment due to increased land required and...
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New executive director at the Seed Association
Date: 2015-01-12 11:20:58
From 1 January, Polgár Gábor became the executive director of the Seed Association Interprofessional Organization and Product Council. The specialist replaces dr. Ruthner Szabolcs, who contiues his career in Switzerland...
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Retail sales rose by 0.8 percent in the Czech Republic in November
Date: 2015-01-12 11:15:01
In November retail sales increased by 0.8 percent in the Czech Republic on an annual level – the Czech Statistical Office announced on Monday. Last year, this was the lowest...
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A serious price increase may come in Russia
Date: 2015-01-12 11:10:05
The US Morgan Stanley bank group increased its Russian inflation forecast for this year, from 9 percent to 13.7 percent on Monday. According to the communication of the Russian Statistical...
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A Hungarian and a Russian company are competing for the Serbian fertilizer factory
Date: 2015-01-12 10:45:51
The Hungarian Nitrogénművek Zrt. and the Russian TogliattiAzot are also interested towards the fertilizer factory in Pancevo, which will be sold by the Serbian government until March – the Vecernje...
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SPAR stays in Hungary
Date: 2015-01-12 09:47:39
On 18 November – in the afternoon when the Hungarian parliament gave green light to a new tax package that constitutes a major blow for the Hungarian retail sector –...
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Small cooperative becomes a successful company
Date: 2015-01-12 08:50:34
With its nearly 70-year history, KOP-KA Zrt. is one of the key players in Tolna County’s retail sector. It isn’t a big member of the COOP Group’s but the company...
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Europe’s Day in Commerce: gloom and a few moments of happiness
Date: 2015-01-12 08:44:35
Europe’s Day in Commerce has been organised for the 10th time. The initiative of Brussels-seated EuroCommerce became one of the biggest feasts in the sector in Hungary, organised by the...
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What happens to the excess gifts?
Date: 2015-01-09 11:40:50
In the pre-Christmas period everyone is trying to find the perfect gift for the loved ones, but according to statistics, 38 percent of the Hungarian customers ordered items that did...
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Tesco: Hungarian store closings may start in February
Date: 2015-01-09 11:38:47
From the beginning of February Tesco closes its 13 unprofitable stores in Hungary – the Magyar Nemzet wrote. During the year, other stores may be closed as well. For te...
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State assistance for the Széchenyi Card Program’s credit facilities this year again
Date: 2015-01-09 11:37:22
The businesses can can apply for the credit facilities of the Széchenyi Card Program in 2015 with state assistance. The government has recently renewed the interest support and the guarantee...
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The Hungarian population does not want to change banks
Date: 2015-01-09 11:30:52
The number of bank switches is still low among the domestic population. Three-quarters of the clients has never changed a financial institution in the past 10 years – Budapest Bank’s...
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A Wine Parliament will be held again in Ópusztaszer
Date: 2015-01-09 11:25:46
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...
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Sunday closure: the National Electoral Commission refused to authenticate the signatures on the referendum
Date: 2015-01-09 11:23:31
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...
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KSH: export surplus increased in November 2014
Date: 2015-01-09 11:22:36
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...
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The Wines of Budapest will be wines from Somló and Szekszárd in 2015
Date: 2015-01-09 11:21:44
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...
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Dismissals at Coca-Cola
Date: 2015-01-09 11:21:25
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...
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Ice cube for 8 USD
Date: 2015-01-09 10:55:39
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...
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Hungarians are a bit more eager to buy
Date: 2015-01-09 09:46:55
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...
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Less and less small stores
Date: 2015-01-09 09:09:20
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...
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Seasonal decline may soon start in tobacco retail
Date: 2015-01-09 08:42:01
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...
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Looks and content both matter when it comes to buying dessert
Date: 2015-01-09 08:05:20
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...
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KSH: retail sales increased by 5.2 percent in November
Date: 2015-01-08 12:20:10
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...
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Analysts: the November retail data become better-than-expected
Date: 2015-01-08 12:15:18
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...
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Tesco can close several Hungarian units
Date: 2015-01-08 12:10:39
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...
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Retail sales increased in the EU
Date: 2015-01-08 12:05:47
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...
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GfK: stagnating consumer confidence
Date: 2015-01-08 12:04:48
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...
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The NGM about the Sunday opening hours
Date: 2015-01-08 11:58:44
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...
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