Market News
Improved economic sentiment in the euro area
Date: 2010-10-28 16:47:26
The European Commission's overall economic sentiment indicator (ESI) is rising for the fifth month in October, increasing from 103.2 points to 104.1 points, compared to the previous month. The positive...
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The sugar demand of China and India will cause sugar price increases
Date: 2010-10-28 16:44:06
Acccording to the British Czarnikow institution; The demand for sugar will sharply rise in the next twenty years, but the production is unable to follow the demand. Mainly due to...
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Online trade: Teszvesz and Vatera about to merge
Date: 2010-10-28 10:46:59
TeszVesz.hu and Vatera.hu, the two major Hungarian online auction portals are about to merge on 1st November this year. The two portals will switch to the name Allegroup.hu Kft, but...
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The Winegrower of the Year will be selected soon
Date: 2010-10-28 09:55:16
The Winegrower of the Year will be selected within the compass of the sp-called Borest (Wine-evening) at the Wine Academy on 3rd December this year. This competition is the most...
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HUngarian wine-success at Dutch competition Proefschrift Wijnconcours
Date: 2010-10-28 05:31:56
Merengő 2008 from Eger's St Andrea winery won the platinum award at the Amsterdam Proefschrift Wijnconcours, the biggest wine competition in the Netherlands, on October 10. This means that this...
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The consumer-friendly logo comes in two years
Date: 2010-10-27 19:35:05
According to the Director-General of the The National Consumer Protection Authority (NFH); the consumer-friendly logo system would be launched in two years. From the first of January next year, the...
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Customers stormed the Corvin: more than 30 thousand visitors on the first day
Date: 2010-10-27 19:34:12
Hundreds were waiting in front of the gates of the Corvin Shopping Center, that is located on the Corvin Promenade. Hungary's newest shopping center, has successfully opened its doors to...
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45 percent of the employers are planning wage increase for next year
Date: 2010-10-27 17:07:05
According to DGS Global Research; For 2011 45 percent of employers are planning an average 4.9 percent payment increase, while last year only 37 percent planned an average slightly larger,...
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Europeans do not have confidence in meat
Date: 2010-10-27 15:07:17
According to a recently completed European research; Europeans do not trust in meat. The European Commission launches an investigation to find out what is the cause of the lack of...
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Wine marketing: one billion for the next year
Date: 2010-10-27 15:06:07
The Agricultural Marketing Center will not be included into other professional organizations, still remain under the control of the Ministry of Agriculture, moreover the AMC will take over the tasks...
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Whole Europe suffers from the lack of potatoes
Date: 2010-10-27 11:25:21
Hungary will have to import potatoes this year: Usually Hungary produces 600-700 thousand tons, this year’s harvest will be about 350 thousand tons. Due to the lack of potatoes, the...
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German criticism on the special tax
Date: 2010-10-26 17:35:00
The Head of Foreign Economic Relations Department of the Association of German Chambers of Industry and Commerce (DIHK) criticized Hungary for the special taxes on energy and telecommunications groups. Acccording...
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FMCG-items to face a 3-5 percent growth next year
Date: 2010-10-26 15:01:36
Sales volume of FMCG-items is about to reach a growth of over 5 percent in the next year – experts in Visegrád pointed out within the compass of the Retail...
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Food VAT will only increase in the case of 1-2 basic food
Date: 2010-10-26 14:06:06
Czerván György the Secretary of the Ministry of Rural Development (VM), said that the ministry wanted to reduce the VAT of meat and bread, milk, sugar and cooking oil by...
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The crisis stopped the mood to shop online
Date: 2010-10-26 13:20:27
According to the E-Shopping Report survey of KutatóCentrum; Over the past year, due to the stagnation and the decline in the number of transactions the online market has not expanded...
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Stagnating German consumer confidence
Date: 2010-10-26 12:39:31
The economic expectations among the German population have improved in October, while the earnings expectations for the development and the propensity to buy have declined. Overall, consumer confidence remained unchanged...
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Tesco introduced the smart phone, purchase
Date: 2010-10-26 10:43:47
Tesco has unveiled a mobile application that allows the owners of the devices can purchase online by reading the barcodes at home. The application was developed by Ribot. The application...
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New product by Milli Mia
Date: 2010-10-26 10:43:38
The new pruduct of the Millia Mia candyfamily is Milli Mia Creamy Cottage Cheese with Prunes, and the item will be introduced in late November, and will be available until...
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Corporate responsibility: twelve companies joined this year's CSR program
Date: 2010-10-26 07:13:08
Twelve companies have joined the Hungarian-initiated GOOD CSR program this year, which is a form of corporate self-regulation integrated into a business model. Companies possess great potential to make positive...
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The growing supply may cause price reductions on the coffee market
Date: 2010-10-25 18:04:36
Over the past year, the course of coffee increased by 34 percent, since the offer on the market hardly exceeded the demand. This year, the big coffee producer countries may...
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(HU) Baromfi Termék Tanács: illegálisan érkezett a jelöletlen tojás Magyarországra
Date: 2010-10-25 14:45:04
Sorry, this entry is only available in HU....
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SMEs can easier access credit
Date: 2010-10-25 14:14:07
While in the eurozone, it is still more difficult to acquire new resources for small businesses, in Hungary this proccess has halted: banks not tighten further the conditions of lending....
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The industrial orders of the Euro zone increased
Date: 2010-10-25 14:13:20
New industrial orders in the Euro zone increased with a much greater extent, than it was expected in August – published the European Union's statistical office on Monday. The monthly...
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Huge interest at the tourism exhibition of Hungexpo
Date: 2010-10-25 14:12:40
According to the communication of Hungexpo; Hoventa the International hotel, catering and gastro-technical exhibition successfully closed on Friday night: Compared to last year, about 70 percent more professionals visited the...
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Russia maintains the ban of grain export
Date: 2010-10-25 14:11:54
The Russian government extended the ban of cereals export, in its meeting in Rostov at the weekend. Exports were stopped by the government from 15 August, because only 60 million...
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The special tax slows down the expansion of retail chains
Date: 2010-10-25 13:16:27
It seems that the hypermarket tax slows down the expansion of the retail chains. Auchan spokesman said that the chain has to review its expansion schedule, because of the tax....
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Coface: growing insolvency and problems in retail businesses
Date: 2010-10-25 12:55:45
In the first nine months of 2010, the insolvency of companies grew to 18 percent as compared to the rate of this time last year, the growth rate on the...
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GKI's economic sentiment index reached its four-and-a-half-year high in October
Date: 2010-10-25 12:24:22
GKI's economic sentiment index adjusted for seasonal effects has not been as high as now since four and a half years. According to the survey conducted by GKI Economic Research...
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The worst honey crop of the last 50 years
Date: 2010-10-22 18:54:55
Over the past fifty years, there has never been so bad honey crop, as in this year – claim the beekeepers across the country. Beside the cold, rainy weather bee...
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Button managed credit cards from Citybank
Date: 2010-10-22 17:01:03
Citibank will soon begin testing its new type of credit cards in the United States. The modern plastics can be controlled by buttons, and are much “smarter” than their predecessors....
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