News and articles

The impetus of consumer confidence has broken

According to the September survey of Nielsen market research company; After the summer improvement, consumer confidence fell in September. Domestic employment opportunities continue to be the least favorable, in the...

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Dairy producers will get support from October

It is expected that dairy producers will be given the extra additional fundings of 15-16 billion HUF in mid-October – stated Gőgös Zoltán, the Secretary of the Ministry of Agriculture....

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The most of the resources of agriculture are from the EU

After the EU accession the financing of agriculture had to placed primarily market driven, because the EU prohibits direct state intervention – said Gőgös Zoltán secretary of the Ministry of...

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dm further expands in Hungary

The dm drugstore chain increased its Hungarian units, with the opening of its newest stores in Zalaszentgrót and Dunakeszi to 249, in September 2009. In the Eötvös Károly street in...

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The expansion of the economy stopped after two months

The joint acceleration index (GYIA) of Világgazdaság and Ecostat, declined by 0.36 percent in September, so after the increase of the past two months, the expansion of the real economy...

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German retail: this was not the expected data

The German retail sales fell in August much larger, than it was expected. The German Federal Statistics Office announced, that 2009 year August retail sales decreased by 1.5 percent. On...

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Marks & Spencer: revenue growth, mainly from abroad

The total turnover of the British retail chain Marks & Spencer increased by 2.7 percent, in the second quarter of the current financial year ended in 26th September, compared to...

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Far less grain grown in Ukraine compared to last year

Ukraine grain harvest of this year is expected to be less, than in last year. In 2008 53.3 million tonnes grew, but only 47 million tonnes expected this year. According...

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Pepsi is not commenting the attempt of Kraft Food

Indra Nooyi the CEO of PepsiCo Inc. said that the company is “very disciplined” approach to the acquisitions and did not see the point, in several large acquisitions. The Chief...

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GKI: Hungarians are more optimistic than in last November

GKI’s economic index improves for five month in September. The index summarizing the results of the survey is somewhat higher than the value in November last year. However, within the...

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Simpler licensing procedure in trade

Due to the result of the June 2009 amendment of the Trade Act; the opening of a business will be more simple. The dealer can choose the form of trading...

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KSH: last year Hungary's GDP has increased, due to agriculture

According to the Central Statistical Office (KSH); Hungary’s gross domestic product (GDP) was 26 543 billion HUF in 2008. This – calculated at constant prices – is a 0.6 percent...

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Danone sells its túrórudi plant in Marcali

Danone Ltd. sells its túrórudi plant in Marcali, to the Csányi Sándor owned Sole-Mizo Ltd. Concrete decision is expected in November, when the negotiations and official procedures are completed, including...

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Agrármarketing Centrum will be presents at the autumn festivals

Beside foreign presence, autumn exhibitions of Agrármarketing Centrum continues. A number of national events will be held in the autumn. The International Egg Festival will be held in the center...

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Gene manipulated bread from Canada

Gene manipulated foods, containing not yet approved linseed in the European Union, has transported into many EU member states, from Canada – announced the European Commission in Brussels. It is...

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The bank of Auchan got a new name

From 1st October 2009 the Accord Hungary Ltd. – in accordance with the strategy and ambitions of the parent company Banque Accord owned by Auchan supermarket chain – continues its...

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The vinery of the 2005 winner was locked

The Wine Qualifying Directorate locked the vinery of Vincze Béla, who was chosen as the winemaker of the year in 2005, for thirty days, because glycerol was found in the...

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MPF Holding is the new owner of the Barcs factory of Henkel

The construction chemicals manufacturing plant, will become the property of MPF Holding from 1st October 2009. The new owner will continue to operate the factory and will get new orders...

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The Competition Authority (GVH) proposes new product food law

President László Sólyom sent back the new product food law for consideration to the Parliament. According to news releases; new legislation will be made, therefore, the Competition Authority (GVH) made...

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Széchenyi Card: 700-billion loan outplacement

The Széchenyi Card (SZK)became even more attractive during the crisis. Although the number of requests has increased significantly, the allocations are not, because the strict bank filter. So far, overall,...

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Eurozone’s confidence index reached its annual peak

The euro-zone business confidence index, rose to its 12-month peak in September, to 82.8 points, from the 80.8 points of August. The increase may indicate that the region's economy can...

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Economic Competition Authority investigates retail chains again

The Competition Authority launched a re-investigation at several chains of stores, to make sure whether they have complied their previous commitments The Economic Competition Authority among other things, investigated the...

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EU agriculture support: 12 million euros “return to the sender”

According to the European Commission’s decision; Due to monitoring and recording deficiencies Hungary has to pay back 12 million euros. The government asks for installments. The farmers do not have...

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Hungarian version of Google Maps is operating

From tuesday morning the Google Térkép knows what the Google Maps: displays the shops, hotels, restaurants, and one can upload ones business information free of charge. The map is deeply...

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The sale of agricultural products, has been frozen

The market of agri products is stagnating, purchasing price is very low. The situation is similar to the case of fruits. The farmers have no money, even for fertilizer. A...

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The Bulgarian subsidiary of Dunapack expanding despite the crisis

The Bulgarian subsidiary of the leading Hungarian paper packaging manufacturer the Dunapack, performing well despite the crisis. This year, expecting an about 2 million leva result, after last year's 608...

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So far, only one company got food bank guarantee

The Hungarian Development Bank approved only one application in the course of the program, that was made to help out viable food companies, that are only in trouble because of...

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The retail purchasing power is higher in the western region

According to the survey of GfK Hungária Market Research Institute; in the general and retail purchasing power ranking, Budapest is in the first place and Tiszabő of Jász-Nagykun-Szolnok County is...

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Hungarians have huge account debts, but showing a decreasing tendency

According to the data of the domestic financial supervision, the Hungarian households bank overdrafts decreased, compared to the end of 2008, exceeding 325 billion HUF, in July this year. The...

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Product fee can be terminated from 2010

According to the plans of the Ministry of Environment, the shops wouldn’t be burdened by the product fee, imposed on packagings and environmental fee should also be paid, after the...

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