News and articles

The recovery of retail trade may take two to three years

The Hungarian merchant’s turnover declines steadily since 40 months. Finally in July this year a 1.7 percent increase in sales occurred, compared to July 2009. The decrease, however, continues, only...

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Pharmacies have nearly 7 billion annual revenues from the chemicals category

According to the Retail Index of Nielsen market research company; in the supply of the pharmacies, chemicals categories are playing an increasing role, reaching nearly 7 billion HUF revenues, between...

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Population growth and urbanization increase the demand for milk

The global demographic changes also bring new challenges to the dairy industry. The annual milk consumption of the world’s population increases by about 2.4 percent, while its volume is rising...

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The population of the developing countries enriched in crisis

Nearly 600 million people worldwide belong to the middle class. According to Allianz; the crisis decimated especially the giga wealth of Wall Street. The savings between the residents of the...

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The number of credit cards increases in business, but reduces among the population

Despite the economic crisis, the number of business credit cards increases, while the number of household credit cards decreases. In the first half of 2010, the number of corporate cards...

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Duck instead of goose

In recent years, the duck sector accelerated, gaining mainly the market of geese producers – found out at the professional conference organized on the occasion of the Duck Day on...

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Univer Product: ketchup and baby food for export

The Kecskemét-based Univer Product Zrt. broke into the international markets. The company, famous mostly for its mustard and mayonnaise products, tripled its exports in 2010. The Hungarian owned company exports...

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McCafé: The coffee consumers have grown up

According to the online survey of McCafé, which was made on the occasion of The International Day of Coffee; it is easy to make an espresso at home, but in...

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There will be no trade war between two of the world's largest economies

“There will be no trade war between China and the United States” – said Timothy Geithner American Finance Minister, after the U.S. voted to use the protective tariffs against China,...

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Ernst & Young forecasts further troubles for Hungary

Unemployment is still about to reach its peak next year in Europe, therefore problems of the euro-zone will definitely have a bad effect on Hungary – Ernst & Young published...

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The market of cosmetics and household product has stabilized this year

The market of cosmetics and household chemical products has stabilized. Their retail trade turnover in January-August this year, has not changed, compared to the first eight months of last year,...

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KSH: Hungary's growth of export slowed down in July

According to freshly published data by Central Statistics Officer(KSH), hungary had a €241 million trade surplus in July 2010, well down from a €564 million surplus in June and a...

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The counterfeit goods caused 900 billion USD damage this year

The “counterfeiting industry” is dynamically growing in the world: the damage done is 900 billion USD this year, compared with the 250 billion USD of 2007 – said Simándi Andrea,...

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Expensive grapes might lead to the popularity of cheap low-quality wines on the market

One kilogram of grapes costs 70-90 HUF this year, whereas previously this number was never more than 40 HUF. This deplorable situation might lead to the spread of low-quality import...

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Auchan won't expand in the close future

Even though Auchan possesses more than five 30-50 hectares unbuilt real estates all over Hungary, but the company is planning to launch big constructions only after the recession is over....

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Online Shop to open by Est Media Group

The online shop estkönyvek.hu was launched on 30th September by Est Media Group Ltd (EMG) and KÖNYVLABOROK Ltd, based on the contract signed on 29th June. The testing of the...

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The casino-business is not an attraction to investors

French hotel group Accor said on Wednesday it was withdrawing its offer to sell its 49 percent in Lucien Barriere after the initial public offering did not attract enough interest...

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Tesco Bróker to be launched tomorrow

Clients can open stock accounts and also long-term investment accounts free of charge at the Tesco stores from Friday on. The website tescobroker.hu will run sales and purchases. Tesco Bróker,...

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Retail World Congress in Berlin

During the three days of the event, more than 130 lecturers will show an overview of the post-crisis retail situation, between October 25-27, in Berlin. How the reatil can respond...

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GKI: next year the Hungarian economy will increase by only 2.5 percent

The conditions of economic growth are worse than previously assumed, therefore, the GKI Economic Research Co. decreased next year’s growth forecast, from 3 percent to 2.5 percent. This year’s forecast...

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Europe's most valuable brands

According to the recently published study of Eurobrand; Louis Vuitton is the most valuable brand in Europe. Globally, Coca-Cola still is in the lead, while in Hungary the Túró Rudi...

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Auchan’s own branded food products to come

This year, Auchan introduces nearly 400 new own branded mainly Hungarian products in the food sector. The company this year, introduces nearly 400 new products in the food sector, and...

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The Ministry of National Resources would increase the excise tax of alcohol and cigarette

The State Secretary of the Ministry of National Resources, responsible for health issues, would create additional sources for health care from the excise tax of alcohol and tobacco. After the...

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The business sector is confident in the euro area

The business sentiment has improved in the euro area in September – said the European Commission on Wednesday. In regular monthly assessment, the Brussels-based body points out, that the overall...

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The KDFSZ objects the reduction in real wages of the Tesco workers

Tesco in response of the statement of KDFSZ today announced: the chain implemented a wage increase even though the majority of the players in the sector did not increase the...

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The best known winemaker of the Great Plains cuts out his grapes

One of the best known winemaker of Csongrád County cut out his grapes. Somodi Sándor of Ásotthalom told to Délmagyarország, that viticulture is not worth, but he still continue to...

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The OMV-cafes celebrate the International Coffee Day

The VIVA cafes of the OMV filling stations celebrate the International Coffee Day for the second time on the 1st of October. On the 1st of October, on the occasion...

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The Hungarian leader of the European food committee denies the allegations

Bánáti Diána, the Director-General of the Central Food Research Institute (KÉKI) denied to MTI on Wednesday that she lobbied for genetically modified (GM) plants. Bánáti Diána, rejects the allegations which...

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Further milk price increases

From the 1st of November, the price of milk and dairy products may increase again, because on the spot market a growing demand occured for raw milk – said Mélykúti...

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The date of durability on foodstuffs will be uniformed

After one and a half-year transitional period, the date of durability on foodstuffs will be uniformed. Only the day / month / year order will be valid. The change in...

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