Market News

Company executives preparing for sales expansion

Top-level executives expect intensifying competition, volatile and unpredictable markets, shrinking margins and the increasing of the importance of innovation – shows the study of the Ernst & Young, entitled “Competition...

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Uniform rights for all European customers!

Paolo Martinelli, the President of the civil Consumer Protection Organisation (BEUC) of the European Union and Morvay György, President of the National Consumer Protection Organisation (OFE), gave BEUC’s Union consumers...

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New Széchenyi Plan: nearly two billion HUF to apply this year

Until March, the Ministry of National Development (NFM) tenders 1,100 billion HUF European Union tenders in the scope of the New Széchenyi Plan, and then in the rest of the...

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Demján expects the growth of employment from the SMEs

The Hungarian small and medium-sized enterprises need credit and capital – said Demján Sándor, Executive Chairman of the National Association of Entrepreneurs and Employers (VOSZ). The employment growth can be...

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Output decrease on the commercial property market

In Europe, the output change of the first class commercial properties slowed down in the fourth quarter of 2010, unlike the previous years, when property values have increased significantly –...

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The world's second largest economy increased by 10 percent last year

China's economy expanded by 10.3 percent in 2010, while inflation was 3.3 percent – reports the China Central Bureau of Statistics on Thursday. The world's second-largest economy grew by 9.2...

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Confidence decreased in the euro area

Consumer confidence deteriorated in the euro area in January, which is mainly in connection with the concerns over the debts of  some countries in the region. According to the preliminary...

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X-Factor on the skating rink of Corvin

The free skating rink on the top of the Corvin shopping center officially opened  today with the participation of  Takács Nikolas, Király L. Norbi and Vastag Tamás, X-Factor stars. The...

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Hungarians drank 109 liters of mineral water per capita

Hungarian citizens drank 109 liters of mineral water per capita ilast year, down slightly from 110 liters per capita in 2009, the Hungarian Mineral Water Association and Product Council announced....

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Walmart, Carrefour and Metro AG are still the top three retailers

Walmart, Carrefour and Metro AG still occupy the top three slots in the latest edition of the Deloitte Global Powers of Retailing report for 2011. Combined sales for the world’s...

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Food prices increasing steadily for eight years

The price of food exponentially increased between 2002 and the end of 2010: the global food price index of the UN Food and Agriculture Organization (FAO) increased by 139 percent...

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The utilization of ATMs decreases since 2008

In recent years, the number of ATMs was steadily increasing in Hungary, while their utilization decreases since 2008. Since the beginning of the crisis, the installation of the machines slowed...

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Pork from Germany under mandatory control

Fazekas Sándor, Rural Development Minister ordered temporary restrictions in the distribution of fresh and frozen pork products arrived directly or indirectly from Germany, due to the German dioxin scandal, for...

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Parragh: 7 percent of GDP leaves the country annually

If the government will take measures to assist businesses, the Chamber will support them – said Parragh László, president of the Hungarian Chamber of Commerce on Wednesday in Hódmezővásárhely. Parragh...

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The number of liquidations may remain high for a long time

This year could be a turning point in the corporate sector, and thus in the evolution of the number of insolvency proceedings. According to the Coface Hungary; a significant improvement...

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The price of the bakery products may significantly increase

The domestic bread prices are rising steadily for months. However, in February a higher increase is expected: if the poor wheat harvest of last year will run out of stock...

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The FEOSZ urges hard action against consumer groups

The National Federation of Consumer Associations (FEOSZ) proposes to ban or to make strict regulations against consumer groups. The FEOSZ suggests the legislature to prohibit such activities, or regulate theses...

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Consumers and advertisers agreed

The Self-Controlled Advertising Board (ÖRT) and the National Federation of Consumer Associations (FEOSZ) signed a cooperative agreement on Wednesday. The agreement aims to the better protection of consumers, in general...

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K & H: accelerating domestic consumption, although the strong Swiss franc dampens purchases

Because of the result of the economic growth – particularly in the emerging countries, but also in some developed countries – growing inflation can cause problems, so in the next...

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VHT: The Ministry of Agriculture must do something

The Interprofessional Meat Marketing Organisation (VHT), initiated the temporary shutdown of pork imports from the dioxin contaminated provinces at Rural Development Minister Fazekas Sándor – said Menczel Lászlóné, Secretary of...

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Real wages are seven and a half percent higher, compared to a year ago

The number of those who are working at financial institutions and at companies employing at least 5 people was an average of 2 million 702 thousand in January-November 2010. During...

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The positive consumer protection list to be launched from March

The National Consumer Protection Authority (NFH) starts to communicate the positive list of companies that are comply with the consumer protection legislations in March  – announced Horváth Endre, Deputy State...

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A five-day delay for the presentation of the purchase document

If someone in the catering or trade industry is catched  out by inspectors with goods without purchase document will have five days to present it to the authority. The Ministry...

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High optimism in Germany

The economic sentiment index of the German ZEW Economic Research Institute increased significantly from the 4.3 point of December, to 15.4 points, while 6.8 points was expected. The current appreciation...

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New Széchenyi Plan: Applications from March

The applications of the small and medium-sized enterprises (SMEs) will be available from March 2011, in the scope of the New Széchenyi Plan. The long-awaited new European Union application proposals...

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According to the Association of Pig Breeders; cheap German pork flooded the black market

The German dioxin scandal valorized the Hungarian brands. The chains rather build on emphasizing domestic products, than advertising cheap imports. Hungary is a net milk and pig importer. As a...

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Boycott against multinationals

Hungarian public personalities called the continous complaining of the multinational firms in Brussels over the special tax intolerable, who are therefore called the Hungarian population for a boycott against these...

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By 2050, food should be ensured to nine billion people

Immediate action is needed to ensure in order to ensure world food supply in 2050 – states French researchers. In the meantime, the price of cereal increased to record heights...

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The Poultry Product Council would promote domestic eggs

The Poultry Product Council (BTT) would encourage the consumption of home-produced eggs with the help of the Agricultural Marketing Centre (AMC) – told Bárány László, chairman, to MTI on Monday....

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12 percent of the pig stock in South Korea to be destroyed

Foot and mouth disease occurred in South Korea,  therefore, 1.4 million pigs will be destroyed. The authorities in South Korea have decided to bury 1.4 million pigs alive. The disease...

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