Market News
Service industrial data is worse than expected
Date: 2010-02-05 00:03:11
The U.S. ISM purchasing Service industrial purchasing manager index, increased to 50.5 points in January, instead of the expected 51 points, from the former 49.8 points. The business activity index...
Read more
Hungarian wine makers protest in a proclamation
Date: 2010-02-05 00:00:59
Famous wine-makers ask the newly-created Community Wine Marketing Ltd. to not sign up new applications. The signatories of the manifesto do not understand, that who made the operation of the...
Read more
Foreign trade turnover increased in November
Date: 2010-02-04 00:03:25
According to the Central Statistical Office (KSH); after a 13 month decline, foreign trade turnover increased again, in last November. Export increased by 2.7, while import by 1.1 percent, compared...
Read more
Advertising market decreased last year
Date: 2010-02-04 00:01:59
According to the most recent datas of TNS Media Intelligence; Calculated on list price, Hungarian advertising market decreased by 7.4 percent in 2009. Statistics show, that the advertisers spent 44...
Read more
Euro zone’s service industry momentum declined
Date: 2010-02-04 00:01:25
According to Markit Economics; Euro zone’s service sector decreased moderately in January, compared to December, but the final datas are better than expected. The value of the service industry purchasing...
Read more
Companies are confident at the beginning of the year
Date: 2010-02-04 00:01:19
Ecostat’s business confidence survey shows the moderate improvement of the companies. The value of the TOP-100 enterprise index was 71.8 percent. The value of the small-and medium-sized enterprises was 67.8...
Read more
German retail improves
Date: 2010-02-04 00:00:55
While the German economy shrank by 5 percent last year, the retail sales declined less than expected, on an annual basis and December turnover expanded, compared to November. After the...
Read more
The number of insolvent companies can break records
Date: 2010-02-03 00:05:02
According to the latest analysis of Dun & Bradstreet (D&B), risk management expert; Another Hungarian insolvency peak can be expected in 2010, but the pace of deterioration of the companies...
Read more
Hungarian market by phone
Date: 2010-02-03 00:04:18
After Rákospalota, the Hungarian market, distributing only domestic products, arrived to South Buda’s Albertfalva Market. The organizers are already planning further developments: soon the phone ordered goods will be delivered...
Read more
The MFB gives the source to the SME sector
Date: 2010-02-03 00:03:59
According to the Hungarian Development Bank (MFB); Considerable resources are available for the Small and Medium Enterprices. The Small and Medium Enterprices can get access to SME credits in the...
Read more
Both Hungary’s and the Euro Zone’s manufacturing industry expanded
Date: 2010-02-02 00:05:11
Euro Zone’s manufacturing industry expanded further beyond expectations. The shrinkage began in September 2008 has stopped in Hungary. The Purchasing Manager Index expanded in January compared to the previous month....
Read more
Online shopping is getting more and more popular
Date: 2010-02-02 00:04:02
According to the “2009: Trends and attitudes” research of Gemius E-Commerce; Fourty percent of the Hungarian internet users are relatively experienced in online shopping. The research shows that almost all...
Read more
German beer consumption decreases for years
Date: 2010-02-02 00:03:55
The Germans consumed less beer in 2009, than a year before. According to the Federal Statistical Office; the sales of the domestic breweries and beer storages, decreased by 2.8 percent....
Read more
The old payment system is adverse for animal breeders
Date: 2010-02-02 00:03:01
Comparing the land based and the new SPS system, it is revealed, that the current system favors the plant growers working at smaller areas, while the new sytem would favor...
Read more
We are dissatisfied with the climate programs
Date: 2010-02-02 00:01:33
According to the new survey by Ipsos Global @dvisor, carried out on behalf of Reuters News; only 35 percent of the adult population of 23 countries (that gives 75 of...
Read more
Consumer rush did not occur in the United States
Date: 2010-02-02 00:01:00
Despite the fact, that the huge chains were bombing the customers with actions, in December, the U.S. households spent less, than expected. Only a 0.2 percent increase occured, in household...
Read more
Improvement in external debt, stagnant real wages
Date: 2010-02-01 00:04:59
According to the forecast of GKI Economic Research Co. made with the cooperation of Erste Bank, Hungarian economy will stagnate in 2010, but the external balance will show assets. The...
Read more
More and more managers are getting optimistic about the future
Date: 2010-02-01 00:03:59
According to the Global CEO Survey of the PricewaterhouseCoopers; The CEOs left behind their fears, about the prolonged recession. The year earlier pessimism is replaced by trust in future growth....
Read more
Consumer protection take care of pálinka
Date: 2010-02-01 00:03:24
The National Pálinka Council and the National Consumer Protection Authority signed a cooperation agreement, in order to help quality pálinka consumption on Thursday in Budapest, in the Ministry of Agriculture...
Read more
The annual turnover of cosmetics and household chemical products is 300 billion HUF
Date: 2010-02-01 00:03:12
Last year, the retail turnover of the household products and cosmetics increased by 1 percent, compared to the previous year and is around 300 billion HUF. Nielsen market research company...
Read more
More and more costumers buy abroad, due to VAT increase
Date: 2010-02-01 00:02:05
Household consumption decreased, due to the increase of VAT rate from 20 percent to 25 percent it also “fattened” black economy, and weakened tourism – states the National Trade Association....
Read more
A six-year record in the U.S. economy
Date: 2010-02-01 00:01:59
According to the communication of the Ministry of Commerce; GDP grew by 5.7 percent, which is much higher result, than the 4.6 percent that the analysts expected. In the third...
Read more
U.S. indices records
Date: 2010-02-01 00:00:12
Manufacturing activity showed a revival in January. The Chicago purchasing manager index increased to 61.5 points from the 58.7 points of December reaching a level not seen for two years....
Read more
We are looking for the actions of the shops more consciously
Date: 2010-01-29 00:02:58
According to the results of GfK Hungária’s Shopping Monitor 2009/2010 study; Consumers are getting more conscious. Nowadays the actions and promotions have prority status. The biggest interests are for the...
Read more
This year there will be no SPS: We miss EU agricultural supports
Date: 2010-01-29 00:01:59
Hungary announced to the union’s competencies, that Hungary will not adopt the farm-based agricultural support system, the SPS this year. The news was told the MTI by Gráf József Agriculture...
Read more
The 40th World Economic Forum opened in Davos
Date: 2010-01-28 00:04:55
The 40th World Economic Forum opened on 27th of January in Davos, which is intended to focus on the creating of a saner world economy, a more responsible international banking...
Read more
Winding ups and liquidations in all quantities
Date: 2010-01-28 00:04:37
According to Creditreform Ltd.; the number of insolvency proceedings in 2009, exceeded 14,600 which is a 29 percent increase, compared to 2008. In the cases of winding ups, the growth...
Read more
A growing number of consumer complaints
Date: 2010-01-28 00:01:59
The Budapest Conciliation Board closed 1774 cases last year. This is nearly 400 more cases, than the 1398 cases of 2008 – said Baranovszky György the Chairman of the Board...
Read more
The confidence restored
Date: 2010-01-27 00:03:52
This year, businesses expect a positive change, since the K&H SME confidence index has risen to the value before the crisis, standing on -14 points. Last time the index value...
Read more
EBRD expects a recession in Hungary for this year
Date: 2010-01-27 00:03:40
Risks borne the recovery prospects of the Eastern European region – said the President of the European Bank for Reconstruction and Development (EBRD). who, believes there is a cause for...
Read more