Market News
The distillery of Győr expects higher revenues than last year
Date: 2012-01-23 12:05:13
The Győri Szeszgyár és Finomító Zrt. Expects a 10 percent increase in revenue. Last year revenue was 7.5 billion HUF – told Folláth György Chairman of the Board to MTI....
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Shopping tourism in Hungary shows a mixed picture
Date: 2012-01-23 11:20:38
The shopping-tourism in the counties near the border showed a mixed picture over the past few weeks. The foreigners and Hungarians mainly go shopping to the other side of the...
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Winery training at the college of Eger
Date: 2012-01-23 09:12:29
Eger’s well-known wineries developed e-learning winery materials for the Eszterházy Károly College in Eger with the support of the New Széchenyi Plan – informs the media referee of the institution....
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Meat Processors afraid of Hungarian meat market collapse
Date: 2012-01-20 13:00:04
Due to the loss of the meat processors many companies can get into bankruptcy, the Hungarian meat market can even collapse – said Fazekas József, head of the Kelet-magyarországi Húsosok...
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Wages increased higher than expected a slowdown can come this year
Date: 2012-01-20 12:58:37
Earnings increased higher than expected in November, but according to analysts; the growth dynamics will slow down this year, while the big question is, how will the employment develop. The...
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KSH: the quantity of harvested maize and sunflower increased significantly last year
Date: 2012-01-20 12:40:50
Last year, the cereal yield was 1 million 493 thousand tonnes more than in the previous year, a total of 13.8 million tons of grain has grown – reports the...
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The European Commission will review the planting rights
Date: 2012-01-20 12:11:32
The European Commission will establish a high-level advisory group in order to revise the system of the vineyard replanting rights to – announced Dacian Ciolos, Agriculture Commissioner in Berlin at...
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Czech authorities banned Polish eggs, due to animal welfare reasons
Date: 2012-01-20 12:10:46
The Czech health authorities have banned the marketing of 420 thousand Polish eggs. In Prague, the Ministry of Agriculture spokesman said that the eggs came from farms that do not...
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The consumer protection authority introduces the national consumer product basket
Date: 2012-01-19 13:02:52
After the positive list of businesses, the National Consumer Protection Authority (NFH) supports the dissemination of quality-conscious consumption with the introduction of national consumer goods basket – told Pintér István,...
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The number of new legal jobs significantly increased in last December
Date: 2012-01-19 13:00:11
In last December, more than 10 thousand employers announced almost 33 thousand new jobs in Hungary, so compared to Novemberm, the number of new legal jobs increased by 11.1, compared...
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The IMF changed its world economic growth forecast
Date: 2012-01-19 12:56:21
The International Monetary Fund (IMF) has reduced this year and next year's world economic growth forecast referring to the negative effects of the eurozone’s debt crisis,. According to the IMF...
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Malt production stopped in Nagykanizsa
Date: 2012-01-19 12:55:57
Malt production has stopped in Nagykanizsa on the ruins of the Kanizsa Brewery ruins – writes the Zalai Hírlap. Three years ago the representatives of the Fidesz were talking about...
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A Pálinka distilerry will be established in Somlóvásárhely
Date: 2012-01-19 12:32:34
A Pálinka distilerry will be established in Somlóvásárhely with a nearly 800 million HUF investment. The facility is scheduled to be handed over in May this year – informed the...
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Magazine: Average price was up five percent
Date: 2012-01-19 11:53:22
The chaotic economic environment made European consumers more reserved. In the third quarter less food and household chemicals and cosmetics were sold in Hungary and in other 12 developed European...
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Email Print JPMorgan Chase reports fourth-quarter 2011 earnings
Date: 2012-01-19 10:06:47
JPMorgan Chase reported net income of $3.7 billion for the fourth quarter of 2011, compared with $4.8 billion for the fourth quarter of 2010. Earnings per share were $0.90 for...
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Corruption in public procurement and in general in Hungary
Date: 2012-01-18 14:22:20
GKI conducted a survey about corruption penetration and perception of corruption in the Hungarian economy. This study summariee the most important result and formulated proposals to the Public Procurement Council,...
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Hungarikum-law in order to protect national values
Date: 2012-01-18 13:01:41
The Government since its establishment gives priority to protecting Hungarian values. The Hungarikum Act adopted by the Government also serves this goal – said Giró-Szász András government spokesman at a...
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The price of sugar can increases further this year
Date: 2012-01-18 12:30:29
The price of sugar spectacularly increased last year, the trend could continue this year. Experts in Somogy county predict 10 to 15 percent increase for 2012. Temporary supply difficulties, capped...
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Improved business sentiment in Germany
Date: 2012-01-18 12:10:50
According to the Tuesday published datas of the ZEW economic research institute; business sentiment in Germany has improved in January. After a steady decline, the next half-year forward-looking expectations index...
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The Competition Authority fined consumer groups
Date: 2012-01-18 12:10:30
The Competition Authority fined three consumers groups for a total of six million forints for providing misleading informations to consumers – the GVH announced on Wednesday. The competition authority fined...
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2012: a new chance for family businesses
Date: 2012-01-18 11:21:34
As the seasons change and family business leaders measure and evaluate 2011 against what lies ahead, it is natural for them to want more and better information. The economy seems...
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Support for goat keepers
Date: 2012-01-17 12:10:15
The Magyar Agrárkamara (Hungarian Chamber of Agriculture) grants support to the she-goat keepers. The amount of the support is 3,000 HUF per goat. The applications should be sent by mail...
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Magazine: Non-food: manufacturer brands became more muscular
Date: 2012-01-17 12:04:39
We can observe different trends in the retail sales of individual household chemical and cosmetics categories. For instance, from the 60 categories audited by Nielsen, body lotion and toilet cleaner...
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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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