Market News
GfK: Hungarians consume more meat during the end of the year
Date: 2013-12-17 13:10:27
According to the datas of GfK Hungária’s Household Panel, the Hungarian households consume 10 percent of the annual total sales of the fast moving consumer goods, such as fresh meat...
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So far, 5,706 cash registers have been connected to NAV
Date: 2013-12-17 13:00:16
So far, 5,706 cash registers have been connected to NAV from the expected 205 thousand – the NAV told Origo. The deadline for larger shops, petrol stations, pharmacies is approaching,...
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Varga Árpád: there is no solution to eliminate the VAT frauds
Date: 2013-12-17 12:00:11
“It is not realistic that a change occurs in the VAT system not only in Hungary, but nor anywhere in EU as well. It should be noted that the VAT...
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K&H Bank: Christmas shopping with one touch
Date: 2013-12-17 11:58:32
According to the statistics of the K&H Bank, the amount of credit card purchases and cash withdrawals grow by about 10 percent in December, compared to the previous month, the...
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ZEW’s sentiment indicator for the Eurozone improved significantly in December
Date: 2013-12-17 11:56:07
ZEW’s sentiment index, reflecting economic outlooks improved significantly in December, high above the market expectations – the Mannheim-based ZEW (Zentrum für Europäische Wirtschaftsforschung) Economic Research Institute announced on Tuesday. In...
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Hand hygiene during the holiday season
Date: 2013-12-17 11:30:20
The holidays are approaching and everyone is in aChristmas fever. The streets are full as well as the Christmas markets and shops. However, not only people are swarming everywhere, but...
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Seven thousand people were given food packages in the scope of the Food Avalanche initative
Date: 2013-12-17 11:22:03
More than 15 tons of persistent food products were distributed in the past weeks in the scope of the Food Avalanche program of the Hungarian Food Bank Association and Syngenta....
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Huge support for mangalitsa pig breeders
Date: 2013-12-17 10:09:18
The Ministry of Rural Development announced that their support the boost in the breeding of domestic mangalitsa pigs with 110 million HUF. There is a great potential to preserve the...
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GKI: An economic recovery plan for Hungary, versio
Date: 2013-12-17 10:03:13
This study is a summary of a research started in the summer of 2012 at GKI. You can download the summary of the research from here....
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The Nébih found only a few errors when checking the chocolates
Date: 2013-12-16 12:35:16
The National Food Chain Safety Office (Nébih) found problems at 3.5 percentage of the chocolates. The most common problem was the incorrect designation or expired date – Pleva György, leader...
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Traders cannot wait more to order the PC-based cash registers
Date: 2013-12-16 12:30:18
Only ten working days left to order the PC-based cash registers to comply with the regulations and to adjust to the online cash registers. The Minister of National Economy has...
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NGM : No final decision on the reverse VAT on sugar
Date: 2013-12-16 12:20:06
Final decision has not been born yet on the on the reverse VAT on sugar trade. The European Commission has decided only in the question of urgency, and not over...
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The Együtt PM is asking for an extension on penalties
Date: 2013-12-16 12:11:06
The representatives of the Együtt PM asks for a penalty moratorium for those, who cannot make the online cash regisster transition until 31 March 2014. According to the representatives of...
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The HITA has closed a succesful year
Date: 2013-12-16 11:57:01
The HITA (National Foreign Trade Office), brought 133-fold of its annual budget to Hungary in investments. The HITA (National Foreign Trade Office) has an annual budget of 9 million euros....
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China catching up when it comes to telecommunication
Date: 2013-12-16 11:01:31
The value of the Chinese brands continues to grow rapidly. The rankings are still dominated by state-owned companies, while private companies show a quick pick up – the report on...
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The Hungarian Commercial Roundtable starts its operation
Date: 2013-12-16 10:51:21
National Association of Entrepreneurs and Employers (VOSz) president Sándor Demján stated that government and business leaders must consider formulation a ten-year strategy for the trade sector, with particular emphasis on...
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Consumer confidence index rises
Date: 2013-12-16 10:32:17
In the 3rd quarter of 2013 Nielsen measured 4 points higher consumer confidence index than in the 2nd quarter, the index reaching the biggest height since 2010 with 45 points...
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Hungarians’ grocery buying habits compared with the European average
Date: 2013-12-16 10:29:11
80 percent of Hungarian consumers changed their households’ buying habits if compared with 12 months before, in order to save money. This ratio is one of the highest in Europe...
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Rise in household chemical and cosmetics product sales
Date: 2013-12-16 00:34:25
Retail sales of household chemicals and cosmetics valued at HUF 200 billion in January- August 2013. Value sales were up 1 percent from the same period a year before, but...
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METRO starts the winter season with a dessert catalogue
Date: 2013-12-15 01:37:20
Pralines and bonbons form an integral part of METRO’s confectionery selection. Communications manager Yvette Krubl told our magazine that these products represent about 15 percent of their total chocolate sales....
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New luxury chocolate brand from Budapest: Ypsilon Artisan Chocolates
Date: 2013-12-15 01:34:28
Ypsilon Chocolates is an artisan chocolate manufacturer whose new product is the brilliant creation of chef Zsanett Ésik and chocolate master Csaba Kéninger: luxury-edition fruit bomb in a chocolate glass....
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Sales remained concentrated
Date: 2013-12-15 01:31:13
Between December 2012 and September 2013 praline sales amounted to HUF 12 billion, with value sales climbing 2 percent but volume sales falling 5 percent. Sales remained concentrated as 400m²...
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Strong and stable manufacturer brands
Date: 2013-12-14 02:02:18
Sales-wise shower gel is in the Top 10 of the 70 household chemical and cosmetics categories audited by Nielsen. Retail sales exceeded the HUF 8 billion level between January and...
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METRO’s wide selection of shower gels are displayed on special shelves
Date: 2013-12-14 01:59:37
As a wholesaler METRO is in a difficult position in comparison with drugstores when it comes to selling shower gel. This is the reason why it needs to keep innovating...
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Standing on four legs all year round
Date: 2013-12-14 01:51:33
METRO’s office supplies offering can be divided into four groups: office supply, school supply, office furniture and office machines. Communications manager Yvette Krubl reckons METRO is strong in the category...
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Nielsen: two millions were sold from gift packages containing lotions
Date: 2013-12-13 13:00:30
The retail sold two million pieces of Christmas gift packages containing lotions and medicinal products. According to Retail Index of the Nielsen consumer information and knowledge services company, the consumers...
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Hungary has the lowest shopping center area rate per capita in the region
Date: 2013-12-13 12:47:33
Within the region, Poland leads with 225 square meters of shopping center space for one thousand inhabitants, followed by Slovakia (221 square meters) the Czech Republic (210 square meters), while...
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The government sets up an online cash register working group
Date: 2013-12-13 12:35:49
The government would speed up the online cash register replacement, therefore sets up an online cash register working group, that will include the representatives of the Ministry, the NAV, and...
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Gemius: e- commerce pages are least visited in Hungary in Central Europe
Date: 2013-12-13 12:00:06
Most e-clients can be found Poland, in the Czech Republic mainly young people are visiting the websites, while the average age of such users are the oldest in Hungary –...
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Genetically modified potatoes cannot be marketed in the EU
Date: 2013-12-13 11:58:51
In its Friday's judgment, the Luxembourg-based European Court of Justice annulled the decisions of in the European Commission, which authorized the marketing of genetically modified potato called Amflora for industrial...
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