Market News

The GDP grew by 11.9 percent in China

China's gross domestic product (GDP) grew by 11.9 percent in this year's first quarter over the same period last year – announced the Chinese Statistical Office on Thursday. This year's...

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We consumed less beer last year

The beer industry sold 12 percent less beer in 2009, than a year earlier. The Hungarian market shows a 9 percent decline, domestic consumption has fallen steadily in recent years....

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Asian economies seem to be over the crisis

According to the datas of the Asian Development Bank (ADB) presented on Thursday; the average economic growth of the countries in the region this year could reach 7.5 percent and...

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Industrial production rose by 8.4 percent

The volume of industrial production in February 2010 increased by 8.4 percent, compared to the same period of the last year – announced the Central Statistical Office (KSH). Compared to...

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The Széchenyi-card program may expand

The Széchenyi-card program may expand with investment loan said Parragh László, the President of the Hungarian Chamber of Commerce and Industry, to Világgazdaság. The professional preparing has ended, we need...

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Meat industry trade union to suspend demonstration

The meat industry trade union received substantive bid so suspended the demonstration, which was planned to the front of the centre factory of the Debrecen Meat Group Ltd. in Szolnok....

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If food is dangerous, it cannot be sold!

The Hungarian Trade Association’s press release calls the attention of the customers to the following: According to the inspections of the recent days, a number of food donot correspond to...

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Increasing winding-up procedings

The number of the winding-up procedures increased in the first quarter: 4211 procedures were launched against the companies, compared to the same period last year registered more than 3670 –...

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Billions for the small and medium-sized enterprises

The Hungarian Development Bank Ltd. approved nearly 304 billion HUF new loans, until the 5th of April, in the scope of the business lending programs. The bank between the 29th...

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The level of agricultural prices increased

The level of agricultural prices increased in February 2010 by 0.2 percent, over the same period the previous year. Including herbal products, the price level rose by 2 percent, the...

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The multinational stores would not close on Sunday due to the customers

The opinion of the Hungarian chains are various about the limitation of the opening hours on Sundays. According to the opponents; the limitation is contrary to the interests of the...

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Russian economy renewal?

The Russian economy may expand by 8.3 percent annually, due to domestic demand and aluminum prices in the second quarter – said the Moscow-based Renaissance Capital. In its earlier forecast...

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Decreaseing unemployment rate in the Czech Republic

Unemployment decreased slightly in the Czech Republic in March: the rate declined by 0.2 percentage points to 9.7 percent. According to the datas of the Labour Ministry, 556 thousand people...

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Increasing costumer conscioussness in the purchasing decisions

We are willing to visit more chains in a hope of a better offer. According to the analysis of GfK Hungária; a slow but clear change can be observed in...

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The competitiveness index in Hungary has improved

GKI and Microsoft released its competitiveness and business environment index of March. The Competitiveness Index (Vex) stagnated in the Czech Republic, in the fourth quarter of 2009, increased in the...

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Deficit occured in China's foreign trade – for the first time in 6 years

China's foreign trade balance showed a 7.24 billion dollar a deficit in March, for the first time since April 2004. In March, Chinese exports increased by 24.3, imports by 66.0...

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Tax controls: 130 million fine for shopkeepers

To sum up the Tax and Financial Control Office’s investigations between 16th of March and the 5th of April; more than 6 thousand tests resulted in 130 million HUF fines...

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0.5 percent GDP growth forecasts for 2010

According to the latest foorecast of the Pénzügykutató; 0.5 percent increase in gross domestic product (GDP) can be expected and a 4.2 percent inflation rate. The projection assumes with nearly...

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Political parties agree about most issues in agricultural policy

Hungarian political parties may disagree in nearly all important matters, however, their agricultural policy views are rather similar.  They all would like to limit the power of hipermarkets, integrate domestic...

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The crisis is not yet over according to Coface

Bad news from the euro-zone: the crisis will take a while to end, according to the latest Coface report.One year after Coface's positioning as an international financial rating agency, specialised...

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Industrial production increased by 8.4 percent

In February, the volume of industrial production adjusted by both seasonally and working day-effect, decreased by 1.7 percent compared to the previous month, and was 8.4 percent higher than in...

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The crisis has not yet ended in Europe

According to the World Bank; the ten recently acceded Members of the European Union, can expect a 1.6 percent GDP growth, but not in all of the countries. The EU10...

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The growth of liquidations slows down

According to the datas of Opten company information provider; businesses are still in a difficult situation, however, the growth of liquidations slows down. In the first quarter of this year...

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Last year the decline in the number of food stores have stopped

The Nielsen market research company registered a total of 19 900 general food stores in Hungary, at the end of the year, almost the same as a year earlier. The...

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This year the Agricultural Marketing Centre focuses on inland

More than two thirds of the marketing programs of the Agricultural Marketing Centre will be domestic programs. The foreign appearance this year is limited to the countries with priority market....

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