Market News

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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Tobacco-products might become a state monopoly

Tobacco-product retail might turn to be a state monopoly from 2012, in case the Parliament says yes for the law to protect minors and re-regulate the rules of tobacco retail....

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People over 70 gives generous gifts

People over 50 will spend an average of 44,188 HUF this year on Christmas presents. People over 70 are those who spend the most on gifts, an average of 57,333...

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KSH: 29 thousand people more worked for businesses in the first ten months

In the first ten months of this year, 29 thousand (1.6 percent) more people worked in the business sector more than in the same period in 2010. In the national...

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Tettye spring water being sold in the Zsolnay quarter

The high-quality spring water bottled by the Tettye Forrásház Zrt. will be sold in the recently opened Zsolnay Cultural Quarter. The Tettye Forrásház announced in spring 2010 to begin the...

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China reduces import duties on more than 700 products next year

In order to boost the domestic consumption and to subserve economic restructuring Beijing reduces import duties on more than 700 products from the 1st of January – announced the Ministry...

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Wine short stories on the bottles

The Italian Feltrinelli bookstore chain allied with Northern Italian wine producers. The writing on the drink can be read on the side of the bottle. The cooperation lasts for 6...

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EU's food charity program's funding will not be cut

The EU decided not to cut funding for a program that has helped feed the continent’s poorest citizens for the last 25 years. As the economic downturn drags on, more...

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Purchase Hungarian products!

Veddamagyart.info is a Hungarian website promoting the purchase of Hungarian products. Purchasing local product has turned out to be a conscious and trendy customer attitude in the past few years,...

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Hungarian Grey cattle meat under protection

The European Commission has registered the “Hungarian Grey cattle meat” into the register of protected and designations of origin geographical indications – told the Ministry of Rural Development (VM) to...

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The price of pork may exceed 400 HUF

The price of live pigs could stop, but it has not yet built in in the transfer prices, so continuous price increase of meat and meat products is expected in...

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Hungary's GDP per capita is under the two-thirds of the EU average

The per capita GDP in 2010, was 64.7 percent of the EU average in Hungary – reported the Central Statistical Office (KSH). In Hungary, the per capita GDP calculated on...

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Forty-seven tons of cargo was withdrawn by inspectors

During the first phase of the winter food chain control – which took place between November 21 and December 4 – food security professionals withdrew a total of 46.7 tonnes...

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Christmas shopping in Italy: more for less money

Italians are buying gifts to each other this Christmas in the spirit of saving – states the survey of the Confesercenti trade association. Every Italian buys 6-10 gifts for the...

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