Market News
Hungarian economy increased over the expectations in the third quarter
According to the August flash report of the Central Statistical Office (KSH); the gross domestic product stagnated in second quarter of 2010, compared to the previous quarter. The domestic economy...
Read moreA strong challenger to Vatera
According to the leaders of the Vatera online trading site; the business goes well, they managed to reach an over 40 percent turnover growth. The Vatera online trading site is...
Read moreHungarian EU presideny to introduce Hungarian wine-regions
Hungary is due to take over the presidency of the European Union on 1st January 2011 for the six-month period that follows. More than 250 meetings and discussions will be...
Read moreSzékely stuffed cabbage to conquer Europe
Stuffed cabbage manufacturing plant was established in Gyergyószentmiklós. The production is expected to be started in late November, early December. Bajkó László entrepreneur told to Krónika newspaper, that the Székely...
Read moreAmerican consumers are confident
According to the November survey of the University of Michigan; U.S. consumers are more optimistic than a month earlier. The Institute's consumer sentiment index value increased to rose 69.3 points...
Read moreGerman growth lost momentum
The German gross domestic product (GDP) grew by 0.7 percent in this year's third quarter, compared to the previous three months – reports the country's statistical office as a preliminary...
Read moreThe retail sales of Christmas candies retail exceeded 2 billion last year
The sales of St. Nicholas Day and Christmas candies in outles surpassed the amount of 2 billion HUF last year. This result is 11 percent less than that of the...
Read moreHalf or third of the special taxes may remain
After the expiry of the crisis taxes, the Prime Minister would rethink the role of the large companies in the distribution of public burdens. The government would take the half,...
Read moreThe October inflation was due to food prices
The October inflation was due to food prices – said Keszeg Ádám (Raiffeisen), but the monthly increase of the price index will not change the medium-term forecasts. Based on their...
Read moreLower amount of wine in the cellars, compared to last year
This year it is expected that 800 thousand hectolitres less wine may transported to the wine cellars after the harvest, than in the last year – said Horváth Csaba, the...
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Shortage of meat in Ukraine
Ukraine did not succeed with its protectionist policy, shortage of meat occured in the market – announced the Ukrainian Minister of Agriculture. The country now need more imports than when...
Read moreThe Széchenyi Plan can help the SME sector
The lending conditions will be tightened in Hungary from the next year, because of the bank tax. However, SMEs will rely on the Széchenyi Plan – states the latest analysis...
Read moreOKSZ: the government does not expect significant improvement in the economy
According to Vámos György, the Secretary General of the National Trade Association; the fact that the government counts on additional taxation even in 2014 indicates, that the cabinet re-evaluated the...
Read moreForint loans are pushing forward
The number of problematic loan contracts is soaring by 30,000-40,000 every month, while the falling exchange rate of the forint put enterprises and households with a foreign exchange loan in...
Read moreHungarian FMCG-market still stagnating
In Hungary, the market of FMCG-products is still not blooming: we do not yet spend more on fast moving consumer goods than we did last year, whereas on the other...
Read moreDemján needs Hungarian-owned hypermarkets
Hungarian-owned hypermarkets should be established, because the competition situation motives this – said Demján Sándor, the Executive Chairman of the National Association of Entrepreneurs (VOSZ) at the 15th Anniversary celebration...
Read moreThe European Union renews its trade
The European Commissions determinates six priorities for EU trade policy. Several recommendations have also Hungarian interests. The proposed strategy has three aims: stronger economic growth, more jobs and to increase...
Read moreThe Germans will give shopping vouchers as Christmas present this year
In Europe's largest economy, shopping vouchers are on the first place on this year’s Christmas gift top list. Last year the Germans preferred to give books as a Christmas present....
Read moreThe majority of the products on the shelves of the retail chains are Hungarian food products
The Economics Department of Corvinus University carried out a survey, to estimate the proportion of Hungarian food products in domestic retail. Overall, in the tested categories the ratio of the...
Read moreGKI Budapest Real Estate Market Index, 2002-2010
In October 2010 the GKI Budapest Real Estate Market Index was -23.3, which means significant improvement compared to the previous quarter. This data is higher by 11 points than the...
Read moreThe trade surplus continued to grow
According to analysts, polled by MTI; the September trade balance surplus was better than expected, and the year end surplus may reach 5.3 billion euros. According to the preliminary datas...
Read moreDutch and Danish pigs are flooding the Hungarian market
The purchase price of live pigs decreased by fifteen percent in the last months. The customers do not perceive anything from the lower raw material price. But who swallows up...
Read moreAccording to Demján; the Széchenyi Card has a great success
The Széchenyi Card is a great success. Via KA-VOSZ the product can reach the most part of the Hungarian small and medium-sized enterprises – said Demján Sándor, Executive Chairman of...
Read moreThe big perfumery chain test
The International Service Check (ISC) international market research company tested 27 perfumery chains, including eight (DM, Perfumerie Fann, L'Occitane (en Provence), Marionnaud Parfumeries, Rossmann, Schlecker, Sephora, Yves Rocher) in international...
Read moreThe Association of Conscious Consumers tested Túró Rudis
The Association of Conscious Consumers tested one of the most popular domestic sweet, the Túró Rudi, on the basis of nutrition biology terms and packaging informations. A total of 19...
Read moreRecord growth is expected in the German economy
The exports of the German companies increased by two times faster, than expected in September, the trade balance surplus is almost on its two-year peak. In the previous two months,...
Read moreScandalous Lidl opening in Cyprus
Lidl expands:, the German discount chain last Thursday handed over seven stores in the Republic of Cyprus, and expected to open two more units this month. Analysts described the fast...
Read moreLuxury item: new and limited, yet available in Hungary
Breitling is pleased to unveil its iconic Chronomat 01 watch in a limited edition of 2,000 pieces sculptured in steel and 200 pieces in rose gold. The Chronomat 01 joined...
Read moreThe Netherlands commits to using only sustainable palm oil by 2015
By the end of 2015, all palm oil used in The Netherlands will be sustainable, as certified by the Roundtable on Sustainable Palm Oil (RSPO). All palm oil suppliers and...
Read moreThe medieval abbey basement of Köröshegy is to let
Csaba Deckner decided to start the reconsruction-works of the abbey basement of Köröshegy three years ago. The picturesque, 100 m2 basement is to let now. PIctures and more information: http://dl.dropbox.com/u/6567667/pince1.ppt...
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