Market News

Germany GDP increase under 2%

The German Government has revised down its growth outlook for 2008- Economics Minister Michael Glos warning. Glos told that the nation's 2008 economic expansion rate is likely to come in...

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Growing Optimism of the Hungarian Economy

The business confidence of the top 100 Hungarian companies narrowly increased from 100.5 points in November to 102.2 points in December. According to the monthly report of research institute Ecostat...

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Increased control paid off

Sparkler maneuver – 25,000 control, HUF 950 million fines in five weeks. The action, started on 22 November, paid off the hopes of the government.  The authorities found almost 3,500...

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Everybody has to give receipt

According to new Tax law the Hungarian Tax and Financial Control Administration can't give absolution. The cash register isn't obligatory, but the trader must use at least printed receipts from...

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Supermarkets lift ad spend on the celebrities

The UK's supermarket chains dramatically increased their advertising budgets in 2007, according to figures compiled by Nielsen Media Research.  Morrison's increased its advertising spend by £18 million, or 61%, hiring...

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Gift swapping

In case of quality problems the trader has to take back the products, but if it's „only” to big, the color is not good, the fair name binds the dealer....

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Agreement reached on wine reform

Instead of spending much of budget getting rid of unwanted surpluses, now EU can concentrate on taking on competitors and winning back market share.  The agreement is great success for...

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HUF 900 billion sales in December

According to Hungarian Trade Association costumers leave HUF 340-350 billion for food and HUF 540-550 billion for manufactures at the cashiers.  Last year's December turnover was HUF 875 billions, HUF...

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Hungarians most worry about strike and civil conflict

According to Nielsen research, made in 48 countries all over the world, people worry about inflation and unemployment.  Consumers were asked what would be their biggest concern if there would...

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Money should be in safe, it doesn't matter if the interest is low

Investing safely with the goal of moderate returns is a priority for about eight of every 10 Europeans, Americans take more risk. According to a new survey, conducted in 14...

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Business expectations improved, while the consumer expectations deteriorated

Accordint to the survey of GKI Economic Research Co. – supported by the European Union the GKI Economic Sentiment Index increased in November.  Following five months of decline industrial expectations...

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Germany authorized the sale of genetically modified MON810 corn

The move comes after the US maker of genetically modified seeds filed a study on the environmental effects of the product.  Germany will lift a preliminary marketing ban it imposed...

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Half time at Sparkle action

More than 10,000 controls, HUF 500 million fine During the first period 260,000 pockets cigarettes, 13,000 DVD and CD-s, clothes, perfumes and toys would be arrested in value of HUF...

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Cold storage in Ercsi without permisson

More tousand kilos food from uncertain source were found in the building.  The cold storage was detected in frame of Sparkle-action. 20 tons of deep frozen french fries, 2,700 kilos...

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Strong Usage of online by Supermarket Chains in Christmas time

According to web traffic measuring in the UK, top 45 supermarket-operated websites accounted for 6.6% of visits to shopping and classifieds websites. One of the main drivers of supermarkets growth...

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(HU) Romlott a versenyképességi index

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(HU) Vásárlói tanácsokkal segítenek

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Superbrands 2007 in Hungary

Several brands of food industry got the award, the winner are showed in a magazin. The Superbrands prgram work in 82 country and, in Hungary it is the 9th event...

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Power from the supermarkets

From today two German supermarket, Lidl and Kaufland sell electricity. The two discounts chain offer E.ON low costs company's power. E-wie einfach, name of the company could give power cheaper,...

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EU Draft Report about Indian Guar Gum Production

An EU inspection team spent 10 days visiting various guar gum factories in India in the autumn.  The EU team that scrutinised Indian plants in October is believed to have...

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New brands, brand new hotels in Hungarian Capital

According to specialist in the next two years 8-10 four-five stars hotel will be opened in Budapest and in Hungary. Mariott's Courtyard opens its first hotel in 2009 at Blaha...

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