Market News

The Chinese-Hungarian Business Council was etablished

The Chinese-Hungarian Business Council(KÜIT) held its inaugural meeting in Budapest on Tuesday. The council’s Hungarian co-chairman is Csányi Sándor, the co-chairman of and the president and CEO of OTP Bank,...

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More and more elderly connect to the Internet

According to the survey of NRC market research; nearly 4.5 million people are using internet in Hungary – showed the recent. Among the young people it isalmost no place to...

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IMF: economic activity weakens worldwide

The European perspectives are mournful, the risks affecting Europe and the world economy are high – said David Lipton, Deputy Chief Executive Officer of the International Monetary Fund (IMF) in...

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Successful year for the Hungarian agriculture

The Hungarian agriculture closed its most successful year since the EU accession – said Fazekas Sándor, Rural Development Minister. The sector’s performance increased by an about 20 percent in 2011,...

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The majority of the new jobs are created by SMEs in the EU

Between the 2002 and 2010 period, 85 percent of the new jobs were created by small and medium-sized enterprises (SMEs) in the European Union – told the European Commission on...

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Darányi Plan: Hungary is an agricultural country originally

Hungary “against all contrary opinions,” is an agricultural country originally – said Orbán Viktor, Prime Minister on Monday at the presentation of the Darányi Ignác Plan. According to Orbán Viktor;...

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Fazekas Sándor: wineries can apply for plantation renewal and for technology

The wineries can apply for plantation modernization and technology improvements in 2012. Currently there are no available sources for investments – said Fazekas Sándor, Rural Development Minister in Szekszárd to...

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GMO maize utilized as animal feed

According to Világgazdaság Online; the maize identified during the summer  as GMO maize, is used as animal feed. 5 percent of the nearly five thousand acres of crops is matured,...

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Ukrainian grain harvest may be smaller by one-fifth this year

Compared to last year, an about 22 percent decrease in the amount of grain may occur this year in Ukraine, especially due to the extreme drought, during the the autumn...

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FAO expects a decrease in food prices

According to the UN Food and Agriculture Organization; the decline of the global food prices began late last year is expected to continue – writes MTI. The FAO analysts expect...

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Last year, the value of retail investments in Europe exceeded 28 billion euros

Despite the continuous uncertain economic environment retail investment in Europe closed with strong profit in 2011, despite – shows the survey of Jones Lang LaSalle. The preliminary datas show that...

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Last year's costs may also factor this year's bread price increases

Because of the weakening forint and the rising energy costs a continuous increase is expected in the price of bread and bakery products – told Werli József, Secretary General of...

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Big Mac index: the Swiss franc is the most overvalued currency in the world

he forint is one of the most undervalued, but the Swiss franc is the most overvalued currency in the world – on the basis of Economist’s latest Big Mac index....

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Colza hit by autumn drought

The drought autumn affected the Colza badly in Békés county; crop will be so much worse than last year. The secretary of the Békés County Agricultural Association told to MTI,...

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Magazine: Retail has no choice but to keep going forward

Laurel organised their two-day Retail 2011 conference in Siófok, where the company’s owner-managing director István Bessenyei highlighted in his keynote speech that the appearance of smartphones has a strong influence...

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Tamás Fellegi’s forward-looking talks in Washington

Minister without portfolio for negotiations between Hungary and certain international financial organisations Tamás Fellegi had informal consultations with the International Monetary Fund (IMF) in Washington between 9-12 January 2012 to...

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The Export Imperative: Business Survey on Foreign Expansion

Companies are concerned about ‘place’ and ‘people’ when contemplating foreign expansion. Foreign workspace has to be flexible with only very short-term commitments. Opinion is divided over whether foreign operations should...

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The industry of the euro area further slows down

The euro zone’s industrial production fell in November: compared to the previous month decline was 0.1 percent, while compared to the previous year a 0.3 percent decrease occured –    reported...

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The Hungarian bakeries complaining of the Albanians bakeries

The Hungarian bakeries consider the presence of the Albanian bakeries as a problem, although some say its all about rivalry – writes Magyar Nemzet. Werli József, the professional secretary, of...

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The rate of cocoa increases at the commodity exchanges

In two days cocoa increased by 15 percent at the commodity exchanges. The rate of the raw material, began a steep rise after a nationwide strikes broke out in Nigeria,...

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IKSZ launches an awareness shaping campaign

The Beverage Carton Environmental Protection Association (IKSZ) launches a large-scale awareness raising campaign this month, with the 48 million HUF support of the European Union. The campaign can be implemented...

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The new Erzsébet-voucher can be used for eating warm meal this year

Erzsébet-voucher, which can be used to eat ready foods and cold food can be used for eating warm meal this year as well. The Erzsébet-voucher can be spent without contributions...

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Waiting for EU's arguments on disputed laws

Hungary is waiting for arguments from the European Union on disputed laws and when they are convincing, the government will be ready to consider modifying the legislation, Prime Minister Viktor...

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Chinese rich prefer to give Western luxury brands as a gift

According to the survey of the Hurun research institute; When it comes to gift giving China's rich people prefer well-known Western brands, who spend an annual tens of millions HUF...

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Magazine: Personal Marketing – build and sell yourself!

There are many well-trained and experienced marketing experts on the labour market. What can we do to increase our own value and better our position? The labour market works the...

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The renaissance of American whiskey

While many American industries are struggling with the crisis, the whisky manufacturers of Kentucky succeed, thanks to the renaissance of American whiskey-based cocktails and and the beneficial effects of the ...

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Gapwater is the most strictly controlled item for human consumption

Gapwater is the most strictly controlled item for human consumption in Hungary. 85 percent of the population drinks gapwater, and 75 percent of them are satisfied with the quality- Hungarian...

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K&H Bank SME confidence index falls to lowest point since onset of crisis

K&H Bank’s quarterly index of SME confidence declined 18 points in the fourth quarter of 2011 to minus 44 points, the index’s lowest reading since the onset of crisis. Pessimistic...

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OTP-economic index: SME sector's prospects further deteriorated

OTP Bank’s economic activity index for the small and medium enterprises (SMEs) has decreased to another nadir. The confidence of the SME sector’s managers further reduced – told the OTP...

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German economic performance decreased in the last quarter

In Germany – adjusted with price effects – a 3 percent increase occurred in the gross domestic product (GDP) in 2011. The data of the German Statistical Office met the...

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