Market News

GfK Hungaria: Hungarian costumers are getting more conscious and price sensitive

The Hungarian costumers have become more conscious and price sensitive, due to the economic crisis, and the shopping occasions became even more planned – shows the research of GfK Hungária....

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The farmers of Rábaköz cooperate to build a sugar factory

The farmers of Rábaköz want to produce for the domestic market and for non-EU countries, and also considering the construction of a factory. Before the EU accession  dozens of factories...

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Hungary slipped back five places on the competitiveness list

The Swiss IMD Institute's 2011 world competitiveness ranking has been published. Hungary slipped back five places on the competitiveness list standing in the 47th position. Hungary stood in the ranking...

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The Hungarian walnut harvest may double

The Hungarian walnut is popular in the world market, because of its good quality. Last year 1,000 tons of it was exported – said Bognár Károly, ambassador of the International...

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Tough price competition in the advertising industry

Only a few tenders, cutthroat price competition, and if there is an order, it is mostly an ad hoc order, not a long-term brand building campaign. Because of the shrinking...

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The European Commission would get rid of the plastic bags

The European Commission calls upon the public's opinion, how to get rid of the plastic bags. The issues include, whether they should prohibit their use. The Commission will collect the...

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Manufacturer brands dominate the hair spray market

Retail sales of the best-selling hair care categories were stable in terms of value in the March 2010-February 2011 period. Manufacturer brands were in a relatively good position with an...

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The greenest project launched in Hungary

The basis of the greenest officebuilding of the city centre has been laid today. Ambassador of Sweden Cecilia Björner, mayor of the 13th district Dr József Tóth and vice-president of...

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Retro 6: ruled and graph exercise books

I remember when I was a child, every autumn I was really excited about how many ruled and graph exercise I would have in the new school year. Lines and...

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National products in Europe

In Hungary the transformation of new or old brands is usually carried out by large multinational companies as the costs of innovation and advertising are high. Experience is that domestic...

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KSH: net earnings increased by three and a half percent

In the first three months of 2011, gross average earnings increased by 1.5 percent, while net earnings, without taking the family allowances into account increased by 3.5 percent compared to...

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Rivaling chamber drafts

The chamber draft of the Chamber of Industry and the bill of the Ministry of Rural Development rival with each other. It appears that the draft of the Chamber of...

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Margarine and cooking oil prices may increase due to weak colza crop

Partly due to the low spring rainfall, the European Union's colza production may decrease to 19.5 million tonnes, from last year's 20.59 million tonnes. This can be the lowest level...

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A kilogram of cherry from Nagykörű is around 400 HUF

The May frosts spared, but the drought in March significantly thinned the crop in Nagykörű,  which is the largest cherry growing area of the country – told Veres Nándor mayor...

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Prosperity may continue in the global economy

According to ifo's research; slight, but further improvement occurred in the economic sentiment indicator for the second quarter of 2011. According to the survey of the Munich- based ifo Institute...

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The Swimming Duck Plaza will be dock in Budapest

The Swimming Duck Plaza is one of the world's largest river boat, which is a luxury shopping mall also. The ship that is just like a giant duck will start...

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KÖKI terminal opened

The new commercial and leisure center located at the final metro stop Kőbánya-Kispest was opened by the tenants f KÖKI Terminal within the compass of a key-giving ceremony. Mayor of...

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New marketing-strategy focusing on domestic goose liver sales

If each Hungarian citizen consumed 30 dkg of goose liver every year, this branch would not face any financial problems anymore – Lajos Elekes, CEO of Orosháza-based Merian Foods Ltd....

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Frozen consumer loans

Consumer loans are not increased on the Hungarian market.: during the year lasted until March, their stock increased by only a little more than two and a half percent, to...

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Balaton local currency to come

The introduction of a local currency is planned in Veszprém and in the Lake Balaton region from 2012 – said Porga Gyula, mayor of Veszprém (Fidesz-KDNP) at a press conference...

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The hamburger tax will be introduced next year

The extended Semmelweis plan has been completed, however, the most anticipated specifics are still missing. However, it was decided, that the new institutional organization of public health will be created,...

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World Bank predicts big changes

In the next 15 years, six emerging markets including Brazil, China, India, Indonesia, South Korea and Russia will give more than half of the global economic growth and the international...

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Conscious Consumers' Store opened

The Conscious Consumers'Association opened its exhibition, under the Conscious Consumers' Store title. The exhibitioncan be visited free of charge, in the Gozsdu Court, Király utca,  downtown of Budapest, The store...

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Russian food safety experts explore Hungary

A number of Hungarian food production companies are looking forward to return back to the Russian market, which is nearly privilege nowadays. Now, newer Hungarian companies could be included to...

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German business sentiment decreased in May

German business sentiment decreased in May, surpassing all the expectations, and business expectations in terms of in the euro area also decreased significantly – shows the Tuesday published datas of...

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Bright future of eco-aggriculture in Hungary

Hungary is facing a bright future of eco-agriculture: the number of areas under eco-cultivation may even triple in the next couple of years, meaning that from 120 thousand hectars it...

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Let us be patriots!

A ‘Hungarian Product’ decree is being prepared, with the objectives of creating order from the chaos that surrounds the marking of food products and motivating consumers to buy products made...

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Checking conterfeit banknotes is a top priority

Hungarian National Bank has launched the new phase of conscious banknote-control in March. The major goal of the worldwide unique program is to enable shop-owners to purchase modern UV-AC-machines in...

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New Széchenyi Plan: 80 percent of the candidates are small and medium sized enterprises

In the scope of the New Széchenyi Plan (ÚSZT) 80 percent of the 1800 applications were submitted from the small and medium-sized sphere – said Molnár Ágnes, Secretary of State...

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Apple prices increase due to rising imports

Compared to the 550-600 thousand tons harvest of the previous years, last year, only 400 to 450 thousand tonnes were harvested. Therefore, apple was imported from abroad (from Austria, Germany...

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