Market News

U.S. consumers are optimistic

According to the joint research of the University of Michigan and Thomson Reuters; U.S. consumer sentiment in December was better than expected, ereaching the highest level of the last six...

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Randstad Workmonitor “Employee Outlook 2012 shows a mixed picture”

The Workmonitor is a survey that covers 30 countries around the world, encompassing Europe, Asia Pacific and the Americas. The Randstad Workmonitor is published four times a year, making both...

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Retail sales increased in October

The retail stores in October carried out a 0.6 percent more turnover, than in the same period of last year – reported the Central Statistical Office (KSH) on Thursday. According...

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OKSZ: it is a good result that consumption has not dropped

It is a good result in the current economic situation, that commercial consumption has not dropped, which among other things is due to the fact that people spend their personal...

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The Foodapest and the UKBA together for the second time February

The HUNGEXPO organizes the FOODAPEST and UKBA exhibitions together between the 5th and 8th of  February 2012. The two exhibitions together contains the areas of  food, beverage, food processing and...

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Fish production continued to decline

Fish production fish catching continuously decline for three years in Hungary. Over the past three years fish production and the volume of fish catching decreased steadily in Hungary. Despite this...

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Workania: fewer workers will receive the 13th monthly wage this year

This year, about one-fifth fewer employees, 14 percent of the employees will receive 13th monthly allowance, an average of 239,300 forints, which is a 12 percent increase compared to previous...

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Hipercom: Christmas-time special offer leaflets

According to Hipercom Mnitoring database, there are 45 seasonal – Christmas – special offer leaflets available on the market at the moment. The first one to be published was by...

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Balaton Region: fishing tourism accelerates but the lack of rainfall affects ponds badly

This year 15 to 20 percent more fishing permits were sold at the Lake Balaton, compared to last year, the turnover of fishing ponds deoubled, but the lack of rainfall...

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European consumer confidence reduces for the sixth consecutive month

Consumer confidence in the euro zone and in the European Union weakened in December. According to the preliminary datas of the European Commission released on Wednesday; consumer confidence index of...

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Two and a halffold capacity at the Santa Claus Factory

The Santa Claus Factory will be open until 9 pm and collects donations at the Ötvenhatosok square in Budapest, as well as in some shopping centers across the country. According...

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NFH: A total of 60 million HUF fines

In total, about 60 million HUF fines were imposed by the National Consumer Protection Authority's (NFH) inspectors during their pre-Christmas consumer protection controls. Fülöp Zsuzsanna NFH spokesperson  told that the...

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New labor rules can adversely affect the work on Sunday

The possible interpretation of the new Labour Code can adversely affect several businesses operating on Sunday, especially in the malls. The shifted work schedule will be replaced by multi-shift work....

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Austrian Christmas retail sales defy with the crisis

According to the Austrian Economic Chamber (WKÖ); despite the slowdown of the economy, Austrian Christmas retail sales remain favorable. The turnover of furniture stores and electronics stores increased the maximum...

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Magazine: New tax?

If the parliament approves the government’s proposal, from next year those working in the food sector will have to pay a food chain supervision fee. Although the name suggests a...

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The foreign currency rescue package can cause a moderate consumption growth

The last week announced foreign currency rescue package of the Government and the Banking Association can result the remaining of more money for consumption for a wide range of people,...

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Éder Tamás: there is no real taskmaster of food industry in the government

There is no real taskmaster of the food industry within the government – told Éder Tamás, president of the National Food Processors Association (ÉFOSZ) to agromonitor.hu. The Ministry of Rural...

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Cigarette price increase earlier than planned

Tobacco excise tax will be increased earlier than planned in next February and in July, instead of the previously-planned May and November dates and the increase will be higher than...

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Ipsos Global @dvisory: The Economic Pulse of the World

A major analysis of world public opinion was released today by Ipsos— one of the world’s largest market and opinion research companies. The report, titled “Ipsos Global @dvisory: The Economic...

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Proposed tax law amendments for 2012

From all sectors it is probably retail and consumption that are the most affected by the proposed tax law amendments – there are several products on which many types of...

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There is a need for genuine change

GKI forecasts that even to start the negotiations with the IMF successfully, genuine economic policy change and the return to market economy principles are required. Next year, however, this would...

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Lack of commercial credit, people buy from their savings

One week remained for Christmas shopping. According to the retailers; customers buy from their savings. The traffic datas indicate that this year's Christmas will be on the level of last...

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The GDP forecast of economic researchers for 2012: GDP will be between plus 0.3 and minus 1.5 percent

Kopint-Tárki forecats a 0.3 percent economic growth, while the Pénzügykutató a 0.7 percent decline, the GKI Economic Research forecasts 1.5 percent decrease in GDP next year. According to the Thursday...

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The webstores are the real winners of Christmas

Although it is still a week left until Christmas, now it is likely that the online shopping season ends with a remarkable success in Hungary. Internet sales are becoming increasingly...

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Sales of hair colouring, body lotion and toilet paper rose 1-6% in volume terms

Retail sales in Hungary of household chemicals and cosmetics fell 1% in value terms and 3% in volume terms in January-October from the same period a year earlier, market research...

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Increase on the market of luxury products

The global economic crisis created exactly opposite effect on the market of the most expensive products, the luxury trade representatives are reporting increasing revenues. This trend indicates that the richest...

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The Association of the Hungarian Tobacco Industry will be terminated

At the end of January, the Association of the Hungarian Tobacco Industry will be terminated – informed the organization MTI over the this decision, at the alliance's extraordinary general meeting...

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The NAV seized thousands of illegal alcohol products

In a two months time, thousands of liters of illegally produced alcohol products and more distilling equipment were seized by the National Tax and Customs Administration (NAV) – told the...

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Latest GfK data on the worldwide photo market in 2011

Technical innovations are the main reasons why consumers are happy with the latest digital cameras – even if they already own an older model. There is a particular demand for...

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GKI-Erste economic sentiment index reached its lowest level in the past two years

In December, after an almost continuous decline of ten months, GKI-Erste economic confidence index adjusted for seasonal effects fell to its biannual low. According to the empirical survey conducted by...

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