Market News

The confidence index has lost momentum: Europe's consumers are concerned

December's consumer confidence decreased in the euro area, due to the concerns about the debts of several countries in the region. According to the preliminary datas of the European Commission...

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GKI's economic sentiment index finished the year at record high

In December the value of GKI's economic sentiment index adjusted for seasonal effects stayed at the level of November. The index has not been as high as now since four...

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Here's Hungary's first self-service checkout

Of all Hungarian retailers, Tesco is the first to introduce self-service check-outs. In the recently-opened Dunakeszi-Fót-based Tesco outlet, the 4 new cash-registers were introduced on Friday: here customers get the...

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OKSZ: positive retail sales expected in December

In December, a five percent increase may occur in the value of the year end spendings. In a favorable case, the retail turnover may be up to 840-850 billion HUF,...

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Performance-based payments for next year

Regus, the world's leading provider of innovative workplace solutions, predicts a growing trend toward performance-based pay for 2011. According to the survey of Regus; the bonuses will be replaced by...

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Szepsy István is praised as the winemaker of the century in Poland

The most prestigious Warsaw-based Polish wine professional magazine, the Magazyn Wino has chosen Szepsy István as the man of the year. Before the Grand Prix awards ceremony an international jury...

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Nationwide inspection, because of the honey scandal

Offense to the police was carried out against the Pannon Honig Kft. because of the suspicion the company sold unmarked honey, that contained antibiotics over the health limit. Fazekas Sándor...

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KSH: 131 700 HUF is the average net earning

Real wages beside the 5 percent growth of the consumer price index, increased by  2.8 percent in January-October, mostly due to the changes in the personal income tax rules –...

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German business indicator is the highest since the unification of the two Germanies

The business indicator of the Munich-based Ifo Institute for Economic Research increased, instead of the expected decline. The index became 109.9 points, compared to the 109.3 points of November. The...

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The EU court decided: the chocolate reindeer could not be protected

The European Union's general court decided not to accept the request of Lindt & Spruengli AG and August Storck companies over chocolate products. The Swiss and German companies turned to...

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Laws tightening will make the self-produced food more expensive

The amendment would prohibit the marketing of self-produced food “below cost price”. According to the traders; the law can not rewrite the long-term competitive market conditions. According to the informations...

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The meat industry faces deficit this year

Meat processors face serious difficulties between the producers and the dealers. In order to reduce their losses they export their products,  in March they are expected to increase their prices....

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Crisis still continues in the real economy

According to the analysis of Coface Hungary; the crisis has not ended in the real economy, the massive bankruptcy of the companies continues. Although the annual twenty-thirty thousand bankruptcies compared...

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800 thousand visited the Corvin since opening

Since its 27 October opening, the new downtown shopping center, the Corvin puts a special emphasis on development and on operation. The latter proved to be very effective. Since the...

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Ipsos: Thanks, we are fine

We had an odd year: good and bad experiences cumulated in the mood of the people. The three-quarter of the Hungarians complained about of their finances ans financial situation and...

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Men are are efficient when buying Christmas gifts

Even though this year Christmas gifts are going to be more modest than last year, the holiday will be a lot like in the previous years. Most people spend less...

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Silver Sunday was successful, traders are confident

According to traders this season is much more intense than last year. There are more customers, mainly interested in technical products. The real rush is expected for next week. Malls...

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Industrial production increased over 8 percent in the last 12 months

The volume of industrial production grew by 8.3 percent in October 2010, compared to the same period of last year. The production in the first ten months of the year...

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VOSZ: The majority requires Sunday's opening hours

According to the National Association of Entrepreneurs and Employers (VOSZ), the whole Hungarian economy and the majority of the population require weekend opening hours of the retail shops. In the...

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Young people spend more on Christmas gifts

Young people spend more, but less and less young people pay with cash at Christmas. One study found that the youngest bank customers spend an average of nearly 23 thousand...

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Sows should gave birth to more piglets to catch up with Western Europe

The efficiency of pig production should be increased. Currently a sow has an average of 18 to 20 piglets. This should be increased to 26 to 28 – said Német...

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The Competition Authority punished again

The Competition Authority fined another company organizing consumer groups. The Quantum Invest like the others, has published misleading advertisements, therefore fined to 4.7 million HUF and prohibited the company from...

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Agricultural products prices increased by a quarter in one year

The level of agricultural product prices were 24.7 percent higher in October 2010, than a year ago. In particular, the price level of plant products increased by 37.1 percent, the...

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Meat test with test purchases: one-fifth of the items had a problem

Five from 26 items had problems, during test purchases, meaning the item was not of sufficient quality – states the National Meat Institute (OHKI), after the joint test, carried out...

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Asia’s retail sales taking the lead

According to a recent study; the consumption of the population, will accelerate in such an extent after the crisis, that within four years the annual retail sales of Asia may...

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Hungarian webstores to introduce free delivery

On the 16th of December several hundred of webstores will deliver the product free to the customers. Everyone will receive the products by Christmas. The first   was organized in the...

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In case of force majeure producer is exempted

Monday, the National Assembly amended the Agricultural Market Act. The producers, in the case of a force majeure event are not obliged to the full compliance of yield sales contracts...

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Men use list, women their intuition during purchasing

According to a survey; about 80 percent of the Christmas gifts are purchased by women. It often happens that they buy even their own gifts and put them under the...

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Negative record in sugar production: a further price increase may come

The sugar production is expected to decrease to its two decade nadir in the world's third largest sugar-producing country, in Australia. According to the report of Abares, the Australian Agricultural...

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Growing interest in Hungarian fish-production

The interest in Hungarian fish has reached the level of interest in the late eighties. Fish-production has been successful and efficient in Hungary throughout the past few years, just last...

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