Market News

Consumer confidence has fallen dramatically in the United States

According to the consumer confidence index published by Reuters / University of Michigan; a brutal deterioration occurred in consumer sentiment in the United States in August. On the basis of...

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Hungarians prefer advertisements sent in e-mail

Hungarian citizens prefer commercials being sent to their e-mail address more than any other nation does. If a company or an institute send information in e-mail, using the clients real...

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French monks grow organic wine

An ancient French monastery's monks preach water, but produce wine for more than 1,600 years for a pretty good price: one bottle costs 15 thousand HUF. But much of the...

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Magazine: We like to go shopping on Sundays

A nationwide survey conducted by TNS Hoffmann revealed that 48 percent of Hungarians, 1.9 million families go shopping on Sundays. On average they spend HUF 12,500-15,000 per occasion, which means...

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Analysts expect lower economic growth

The analysts polled by MTI, expect a slower 1.4 to 3.0 percent economic growth than before, because of the exchange rate movements of the past days and weeks. Others will...

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KSH: consumer prices rose by 3 percent

The consumer prices were 0.3% lower in July 2011, than in June. The rates, compared to last July grew by 3.1% – shows the latest flash report of the Central...

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Is Europe's largest economy out of breath ?

In June, the industrial production was stagnated, while foreign demand fell by 0.1 percent. Even engineering increased its output by just one percent. 62 percent of German exports tends to...

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Normative funding available for the sheep and goat chips

The ministerial decree, which provides several hundred millions HUF support to the electronic marking of sheep and goats was published – told the Hungarian Chamber of Agriculture (MA). The normative...

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EU strictness: Polish vodka can be made of only potatoes and grain

The Polish government has strengthened the production rules of spirits, including the Polish vodka, in line with EU standards. Producers are protesting against the new standards. According to the Polska...

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Number of liquidation procedures keeps growing

The number of liquidation procedures in Hungary rose 21% in the first half from the same period a year earlier, credit insurance company Coface Hungary told MTI on Thursday. Liquidation...

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OTP: self-care should be improved

The vast majority of Hungarian population are planning their finances in just short-terms, their expectations for the future are gloomy, and expect that the government will help them after retirement...

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Research center: the conquest of community shopping

In the past one year, the proportion of online shoppers increased significantly – shows the E-Shopping Report survey of KutatóCentrum (ResearchCentre). While in 2010, only 48 percent of the users...

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The proportion of false purchases is reducing

According to the representative survey of the National Board Against Counterfeiting (HENT); compared to the past year, the proportion of those consumers who purchase false products decreased in almost all...

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Vegetable-growers get a compensation for not being able to see due to German epidemic

The Agricultural and Rurual Development Authority (MVH) has bega the payment of compensation for farmers who have not been able to sell their products because of the German E-Coli epidemic...

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Customer protection controls at Sziget every day

Sziget is going to face daily customer protection controls in order to ensure food safety – a press conference by National Customer Protection Authority and European Customer's Center pointed out...

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Weakening Hungarian exports, growth may slow down

Compared to the previous month, Hungarian exports have decreased significantly which can forecast a slowdown in GDP growth. According to the preliminary datas of the Central Statistical Office (KSH); export...

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Russia resolved the ban on fresh vegetable imports

Russia resolved the ban on fresh vegetable imports today – announced the office of the chief medical officer in Moscow. Russia imposed restrictions fom the 9th of August 2011, due...

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The consumer credit market reduced by nearly one-fifth

According to the datas of the central bank; the financial service providers placed out nearly 20 percent less, almost 120 billion HUF consumer loans in the first half of the...

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OECD: the economic growth of the G7s has reached its peak

Probably the economic growth has reached its peak in the world's seven largest economies after the growth began after the global economic crisis started in 2008 – shows the study...

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Fake milk powder was found by inspectors

According to the communication of the Ministry of Rural Development; vegetable fat adulterated milk powder was found by the Food Chain Safety and Animal Health Directorates of the county government...

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Further controls of the sugar industry privatization

The National Sugar Beet Growers Association (CTOSZ) is convinced that the privatization of Hungary's sugar industry was not entirely well thought out. Most professional investors brought their money to Hungary...

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Where is traditional television heading?

The future of traditional television consumption is still bright – the speeches given at the TAM conference held in Vienna in June celebrating the 20th anniversary of Austrian television audience...

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Chinese-Hungarian Business Council established

Hungarian business association VOSZ and the Chinese Foreign Trade Development Council on Tuesday agreed to establish the Chinese-Hungarian Business Council to foster bilateral business ties, VOSZ announced. VOSZ managing director...

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Debt Crisis, downgrading, soaring Swiss franc – MFB's summary

In July, the debt crisis-related news moved the markets after beside the Greek crisis, the faith was shaken towards U.S. solvency. The decision-makers of the euro zone adopted the new...

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In July, another wave of liquidation occured

The wave of liquidation did not easened in the world of companies. According to Opten's latest datas; compared to the peaks of the past months, a slight deceleration occurred, but...

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Swiss industry and tourism suffer from the strong francs

The Swiss franc strengthened again to a record level against the euro. Die Presse points out in its analysis that the strenghtening franc causes serious damage to Swiss exporters and...

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The confidence of European investors is on a two-year low point

Investor confidence index fell significantly in the euro zone. The August index is at a low point, has not seen since September 2009, mostly because of the concerns of a...

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Support for new farmers rearing indigenous and endangered animal breeds

The Ministry of Rural Development statute amendment enabling support for new farmers rearing indigenous and endangered animal breeds came into effect on August 1. The breeding of indigenous and endangered...

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Cigarette-smugglers caught in Szabolcs

Five Ukranian cigarette-smiugglers have been caught in the village of Kölcse, located in Szabolcs-Szatmár-Bereg county – the police informed MTI on Monday. The 5 thousand packages of cigarettes have been...

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Decreasing sales of 3D TVs

Last year, 252 million television sets were sold worldwide, but until earlier this number grew from year to year, according to the latest survey of DisplaySearch institute; in the U.S....

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