Market News
Chinese-Hungarian Business Council established
Date: 2011-08-09 10:18:15
Hungarian business association VOSZ and the Chinese Foreign Trade Development Council on Tuesday agreed to establish the Chinese-Hungarian Business Council to foster bilateral business ties, VOSZ announced. VOSZ managing director...
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Debt Crisis, downgrading, soaring Swiss franc – MFB's summary
Date: 2011-08-08 13:20:24
In July, the debt crisis-related news moved the markets after beside the Greek crisis, the faith was shaken towards U.S. solvency. The decision-makers of the euro zone adopted the new...
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In July, another wave of liquidation occured
Date: 2011-08-08 13:00:29
The wave of liquidation did not easened in the world of companies. According to Opten's latest datas; compared to the peaks of the past months, a slight deceleration occurred, but...
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Swiss industry and tourism suffer from the strong francs
Date: 2011-08-08 12:12:50
The Swiss franc strengthened again to a record level against the euro. Die Presse points out in its analysis that the strenghtening franc causes serious damage to Swiss exporters and...
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The confidence of European investors is on a two-year low point
Date: 2011-08-08 11:55:24
Investor confidence index fell significantly in the euro zone. The August index is at a low point, has not seen since September 2009, mostly because of the concerns of a...
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Support for new farmers rearing indigenous and endangered animal breeds
Date: 2011-08-08 10:47:54
The Ministry of Rural Development statute amendment enabling support for new farmers rearing indigenous and endangered animal breeds came into effect on August 1. The breeding of indigenous and endangered...
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Cigarette-smugglers caught in Szabolcs
Date: 2011-08-08 10:41:18
Five Ukranian cigarette-smiugglers have been caught in the village of Kölcse, located in Szabolcs-Szatmár-Bereg county – the police informed MTI on Monday. The 5 thousand packages of cigarettes have been...
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Decreasing sales of 3D TVs
Date: 2011-08-08 10:00:27
Last year, 252 million television sets were sold worldwide, but until earlier this number grew from year to year, according to the latest survey of DisplaySearch institute; in the U.S....
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Development Ministry on the Achievements of the Hungarian Presidency
Date: 2011-08-08 08:58:28
Hungary will benefit from it’s successful presidency in the long term, as stated during the press conference organised by the Ministry of National Development to give account of the activities...
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Merchants are confident during the big summer discounts
Date: 2011-08-05 12:30:41
The large summer discounts may end on the weekend of the 20th of August – reports Pénzcentrum.hu. The traders are confident, many of them spend the real return on cheap...
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The local products of the emerging countries conquer abroad
Date: 2011-08-05 12:27:28
While a few decades ago the popular Western brands have conquered the emerging countries now the opposite is true. “In the future, there will not be any national products or...
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Brazilian sugar is available from Monday
Date: 2011-08-05 12:22:46
The import sugar cane from Brazil is available in the shops from Monday. It has the same quality as sugar, made of sugar beet. The imported sugar will be processed...
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Eurobarometer: most of the Europeans are optimistic
Date: 2011-08-05 12:10:47
More than 60 percent of Danes, Austrians and Estonians are confident that Europe will emerge stronger from the crisis. The majority of the Portuguese and the Greeks, believe that “the...
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Swiss rush in the Austrian shops
Date: 2011-08-05 11:50:07
The Swiss due to the strong Swiss franc storm the Austrian shops nwear the border. In particular, food sales increased the most, but the hotels and restaurants also accept more...
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Support for new farmers rearing native animal breeds
Date: 2011-08-05 11:45:32
The Ministry of Rural Development statute amendment enabling support for new farmers rearing indigenous and endangered animal breeds will come into effect on August 1. The breeding of indigenous and...
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The new wave of the crisis can destroy the improving willingness to purchase
Date: 2011-08-04 13:40:48
Consumer confidence improved for the first time since the beginning of the crisis in 2008 in the EU's most populous countries, but the new wave of crisis unfolded in recent...
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The Ministry of Rural Development inquiries in the Anuga case
Date: 2011-08-04 13:10:05
The Ministry of Rural Development (VM) requested informations from the Poultry Product Council (BTT) over which domestic market participants are affected by the decision of Kölnmesse GmbH, that banned stuffed...
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The market of Teleki square will be rebuilt
Date: 2011-08-04 12:10:39
Within weeks, the market of Teleki square in the 8th district will be demolished, the vendors can sell their goods at a temporarily market, from Thursday morning. The reconstruction work...
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Caferia budget shrinks
Date: 2011-08-04 09:18:45
he average value of in-kind benefits for employees at Hungarian companies fell 10% on a yearly basis in 2011. Many employers rather cut back on cafeteria than dismiss employees. The...
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Exports expand faster than imports
Date: 2011-08-03 13:30:02
In January-May 2011, the foreign trade volume of exports exceeded the previous year's level by 16, imports by 14 percent – reports the Central Statistical Office. The trade balance surplus...
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Hungary imports twenty thousand tons of cane sugar from Brazil
Date: 2011-08-03 13:20:31
The Magyar Cukor Zrt. started the import and processing of 20 thousand tons Brazilian cane sugar. 19 thousand tons of pure sugar will be made of the quantity ttransported to...
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Chinese Province looking for Hungarian market
Date: 2011-08-03 13:10:32
Zhejiang Chinese province is interested in Hungarian business opportunities: looking for a market for its products. Vencsou the capital of the province is called the centre of the Chinese car...
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Nearly 4 million tons of autumn wheat and 8 million tons of maize crop is expected
Date: 2011-08-03 13:10:19
According to the preliminary estimates; 3.9 million tonnes of autumn wheat and 8.1 million tons of maize crop is expected this year – told the Agriculture Directorate of the Agricultural...
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MasterCard: the future of customer loyalty programs
Date: 2011-08-03 13:02:42
It is possible that we can handle the different customer loyalty programs with using a single smart phone. Technically, in the near future it will be possible to treat the...
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Increased retail sales in the euro area
Date: 2011-08-03 13:00:05
Eurozone retail sales increased by greater-than-expected in June – reported Eurostat today. The monthly retail sales rose by 0.9 percent, after the 1.3 percent decrease of May, though the projections...
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Webshops face a 30 percent growth this year, again
Date: 2011-08-03 12:47:44
Webshops made a revenue of 137 billion HUF last year, which is quite a high number compared to the 99 billion HUF revenue of 2009, and the 65 billion HUF...
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GKI-Erste economic sentiment index reached its lowest level of the year
Date: 2011-08-02 12:58:59
In July the GKI-Erste economic sentiment index adjusted for seasonal effects continued to deteriorate. According to the empirical survey conducted by GKI with the support of the EU the declining...
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The strong Swiss franc obstructs the growth of consumption and retail sales
Date: 2011-08-02 12:50:25
According to the calculations of market analysts; the strengthening of Swiss franc since 2008 causes an affect corresponding to a six percentage point interest rate increase to the Hungarian households...
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This year's earliest European wine will be made of Csabagyöngye grape
Date: 2011-08-02 12:30:54
Last Friday the grape harvest has been started in Balatonboglár. The Csabagyöngye grapes will be transported to the Badacsony-based Varga Winery where Europe's earliest wine will be produced from it....
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Here is the list of foods that should be avoided in public catering
Date: 2011-08-02 12:28:08
The Chief Medical Officer recommended bouillon cubes, sugar-sweetened soft drinks and syrup, among the food products that should be avoided in public catering. The list also including too fat meat...
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