Market News
The Chinese-Hungarian Business Council was etablished
Date: 2012-01-17 11:14:25
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
Date: 2012-01-17 10:09:46
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
Date: 2012-01-16 13:44:38
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
Date: 2012-01-16 12:58:48
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
Date: 2012-01-16 12:58:04
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
Date: 2012-01-16 12:50:30
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
Date: 2012-01-16 12:40:03
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
Date: 2012-01-16 12:20:10
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
Date: 2012-01-16 12:10:02
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
Date: 2012-01-13 14:30:49
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
Date: 2012-01-13 13:10:11
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
Date: 2012-01-13 13:00:48
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
Date: 2012-01-13 12:50:02
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
Date: 2012-01-13 12:18:05
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
Date: 2012-01-13 11:50:43
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
Date: 2012-01-13 11:16:33
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
Date: 2012-01-12 14:12:48
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
Date: 2012-01-12 13:30:37
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
Date: 2012-01-12 13:05:32
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
Date: 2012-01-12 12:40:15
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
Date: 2012-01-12 12:32:55
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
Date: 2012-01-12 12:31:51
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
Date: 2012-01-12 12:25:12
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
Date: 2012-01-12 12:24:22
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!
Date: 2012-01-12 11:53:12
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
Date: 2012-01-12 11:00:48
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
Date: 2012-01-12 10:39:58
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
Date: 2012-01-11 16:24:02
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
Date: 2012-01-11 12:50:27
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
Date: 2012-01-11 12:49:28
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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