Market News

The trade balance may improve if exports starts to grow

Due to the decline in domestic demand, import growth is expected to remain below the growth of export. Export in favorable conditions can recover for the end of the year,...

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The domestic manufacturing industry starts the year well

In January, the output of the manufacturing industry has increased the most significantly in Hungary, in the Central and Eastern European region and in contrast with the euro zone the...

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The online advertising market has increased further

In the last quarter of 2012 the positive trend in the domestic online and mobile advertising market has continued. The advertising revenue of companies in the IAB NORI index achieved...

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The U.S. Ambassador gave recognition to the Hungarian Food Bank Association

Eleni Tsakopoulos Kounalakis U.S. Ambassador awarded the Hungarian Food Bank Association with Active Citizenship diploma in Budapest on Thursday, recognizing the organization's food donations collection and distribution and the support...

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Seventy percent of the agricultural production is bought by the domestic food industry

Seventy percent of the agricultural production in Hungary is purchased by the Hungarian food industry – Fazekas Sándor Rural Development Minister said on Wednesday in Budapest, at a meeting organized...

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Solid price drop on the cereal market

The declining price trend in world grain trade continues. Good news arived from the Hungarian fields. According to the agrometeorologists, the ground’s water supplies are rapidly growing after a long...

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PwC: Family business survey

Two thirds of family firms around the world have grown their sales in 2011, and even more are confident that their ambitious growth targets for the next five years will...

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The Nébih has banned the distribution of foods and pesticides from the Far East

The National Food Chain Safety Office (Nébih) banned the distribution of 5000 kilograms of food from the Far East, as well as 72,000 liters of pesticides – the agency told...

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Atradius: Late payments and non-payments in the corporate sector increased worldwide

The survey of Atradius Collections, carried out in 29 countries, with the involvement of 6000 companies, shows that despite the dangerous trends, only 30 percent of the companies were using...

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DHL: Success lies in international possibilities

In an exacting economic environment, small and medium sized enterprises (SMEs) have been presented with a challenge. A challenge to grow and increase the profitability of their businesses against a...

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The retail sales of household chemicals and cosmetics increased by 2 percent in value and decreased by four percent in volume

Retail sales of household chemicals and cosmetics in 2012 amounted to about 313 billion HUF in revenues, 2 percent more than the year before. In terms of volume, turnover fell...

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GfK: a further reduction in the number of magazines that draw attention to discounts

According to the datas of the GfK Hungária Leaflet Monitor, the number of magazines that draw attention to discounts continued to decline, in the largest extent among discount retailers. The...

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Retailplaza webstore – where speed and convenience are cheaper!

The Retailplaza, a store that is specialized for consumables has been opened. You can order quickly and easy from thewebstore, in addition the consumables are delivered home on a great...

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FEOSZ: media campaign on consumer rights

The National Federation of Consumer Associations (FEOSZ) launches an information campaign on consumer rights from the end of January – the organization stated. From 30 January 2013, FEOSZ with its...

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Horsemeat row: Offcuts in burgers came from Poland, says FSA

Food standards authorities in the Irish Republic are certain that horsemeat found in beefburgers came from Poland, the UK Food Standards Agency has said. FSA boss Catherine Brown told the...

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The Germans are willing to buy more

The German consumer willingness seems to be revived, after the weakness of Europe's largest economy will soon to be ended – N24.German news television reported. The consumer willingnes index increased...

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DHL Global Connectedness Index is out

The DHL Global Connectedness Index ranks 125 countries according to the depth and breadth of their integration into the world economy and also examines the relationship between global connectedness and...

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Takarékbank: the demand of SMEs can increase towards short-term sources

Bank lendings of the small and medium enterprises can increase in the first half of this year. Significant demand can occur towards application sources and short-term loans as well –...

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The monitoring wholesale markets starts again in February

The Government accepted the report on wholesale markets and, consequently, revitalized the monitoring of the wholesale markets – Budai Gyula, Parliamentary Minister of State of the Ministry of Rural Development...

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The books of the library of Nagykanizsa are available in the shopping center

The books of the Nagykanizsa library can be found at a local Shopping Center two days a week as a mobile library service. Since the end of last week on...

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Shanghai builds a unique free-trade zone

A Free Trade Zone is being built in Shanghai this year. This can help the metropolis to became a center of world trade – the city officials announced over the...

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Problems in the milk sector

Major milking developments would be needed in the cattle sector in Vas county, to provide high quality raw materials, but there is not enough money to invest – Lukács Zoltán,...

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GKI: Stagnation after recession

After a recession of about 1.5 per cent in 2012, no growth can be expected in Hungary in 2013 either. Inflation will slow down significantly. The main purpose of the...

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Experts expect decline in retail sales for this year

Experts do not expect a significant turnaround this year. According to their expectations, retail sales continue to decline though with a lesser extent. According to the Ministry of National Economy...

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KSH: November retail sales decreased by 4.1 percent

In November 2012 a 4.1 percent decline occurred in retail sales volume. Decrease was determined by the sales decline of food retail, gas stations, furniture and electrical goods stores, as...

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KPMG: VAT increases worldwide, while a reduction occurs in corporate tax

The governments in 2012 continued to increase the VAT rates to earn money, and reduced the corporate income tax to attract new investors to their country – shows the Corporate...

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Increased fruit and vegetables consumption has a beneficial effect on young people's wellbeing

A new study suggests food changes mood and that eating fruit and vegetables each day helps keep the blues away. Eating more fruit and vegetables may make young people calmer,...

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EU would introduce unified rules on the market of e-cigarettes

The union would lay down unified rules on the electronic cigarettes in the market. The committee proposed the strenghtening of EU regulations on tobacco products last December. This would establish...

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Butter consumption has become a privilege of the wealthy

According to GfK Hungária’s Household Panel survey, the butter, butter cream, cheese cream and plastic-cup margarine category is going through a restructuring process. In January-May 2012 volume sales of these...

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National Association of Tobacco Shops: successful application is not enough for a stable income

The Budapest Chamber of Commerce and Industry held its tobacco retail concession event on 21 Januray 2013. One of the key speaker of the event was the National Association of...

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