Market News
SZÉP card holders are more satisfied with their employers
Date: 2015-01-14 09:46:38
In Hungary 54.8 percent of employees obtain some kind of cafeteria benefit – more than 2 percentage points more than in 2012. A representative 1,000-person survey commissioned by OTP Bank...
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Analytic Consulting (Part 2) – Variables’ influence on retail sales – private labels
Date: 2015-01-14 09:37:35
It is noteworthy that fewer and fewer consumers are cutting their spending but…A research we conducted in the third quarter revealed that still 67 percent of households changed their spending...
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European Court of Justice: The protection of private property was damaged during the conversion of the tobacco trade system
Date: 2015-01-13 11:30:52
The Hungarian government has violated the protection granted to private property, when deprived Vékony László tobacconist in Sopron in 2013 from his tobacco seller license – the European Court of...
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The EU Member States can prohibit the cultivation of GMOs at their own discretion from the Spring
Date: 2015-01-13 11:28:02
The new EU legislation adopted by the European Parliament (EP) on Tuesday enters into force in the Spring. The legislation practically allows each Member State to prohibit the cultivation of...
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Global momentum means more women move into management
Date: 2015-01-13 11:20:00
New study shows positive link between female leadership and business performance and urges boost from current 5 percent of women in top positions. While women are still under-represented in top...
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The sugar beet growers received significant supports in 2014
Date: 2015-01-13 11:17:20
The sugar beet growers were given substantial grants in the past year. The Agricultural and Rural Development Authority (MVH) paid 13.7 billion HUF support for them in 2014 – the...
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The big PC brands displace the smaller ones
Date: 2015-01-13 11:14:00
The personal computer (PC) sales in the world market decreased in the fourth quarter of 2014 overall, but the big brands were able to increase their market share at the...
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The interest towards the invoice lottery decreased in Slovakia
Date: 2015-01-13 11:11:13
After the initial high level of interest last year, the interest towards the invoice lottery dropped significantly in Slovakia invoice lottery in 2013, and the new gambling did not live...
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Apple, Google and Coca-Cola at the top of the ranking
Date: 2015-01-13 09:37:41
Interbrand published its TOP 100 Global Brand 2014 early November. Apple was ranked the highest with an estimated value of USD 118.9 billion and a 21-percent increase in brand equity....
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More than 9 billion dollars spent on Singles’ Day
Date: 2015-01-13 09:35:48
Chinese e-commerce giant Alibaba reported more than USD 9.3 billion in sales on their 11 November Singles’ Day. Similar to Cyber Monday and Black Friday in the USA, Alibaba’s Singles’...
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The in-store experience remains important for the great majority of people all over the world
Date: 2015-01-12 12:00:02
A survey by CBRE has found that 79% of international consumers still visit a physical store to buy a product, reflecting the key role the store plays in the overall...
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The OECD expect stable growth among its member countries
Date: 2015-01-12 11:50:10
Stable economic growth is expected in the next six months in the OECD as a whole and in the euro zone as well, with a slightly weakening momentum in Germany,...
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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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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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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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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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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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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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