Market News

Tax return changing

As of 1. January, annual returns concerning the environmental charge were replaced by monthly, or quarterly returns, depending on how VAT returns are submitted by the taxpayer....

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Mineral water over HUF 44 billion

Sales of mineral water grew by 10 per cent in 2007 in terms of quantity, approaching 900 million litres. Sales increased by 14 per cent in terms of value and...

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Hungarian Post Office in the dm market

The Hungarian Post Office established its lifestyle data base in 2007. This allows companies to use a far more effective solution for reaching potential clients. The data base which holds...

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Solutions offered by OTP Bank for corporate clients and local governments

Favourable financing opportunities refinanced by EIB are open for local governments and companies. Pál Kovács, managing director of the Commercial Banking Division of OTB Bank has told us about the...

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Customers looking for innovation in mineral water as well

According to Nielsen data, expansion has been unbroken in the market of mineral water. Consumers want innovation in this category as well. “Unbroken” expansion means double digit annual growth. However,...

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Success guaranteed

We are usually surprised to receive unexpected packages like catalogues, samples or the like. The objective of direct marketing is to make personal contact with consumers. Direct marketing can be...

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Tunisia – the most European Arab country

Tunisia is a popular tourist destination among Hungarians. It has no oil like its neighbours, yet its economy based primarily on tourism, produced 8 per cent growth last year. Progress...

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Liberalisation Set To Revolutionise French Retailing

The new law would allow supermarkets of up to 1000sqm to open anywhere they wanted.  Until now, petits commerçants – or small shop owners – have been protected by a...

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Tesco Starts Trial Of Carbon Footprint Labels

The retailer is piloting carbon labelling across 20 of its own label products. There isn't consensus about every piece of data among the specialists.  Tesco will telling customers about the...

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Fake Clothes in Value HUF 42 million was found

The solders of Hungarian Costum and Finance Guard controlled two Bulgarian camions.  The first camion cames from Turkey and according to logistic information it delivered clothes. Trough the control the...

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Hungarian retail trade turnover dropped

Retail trade turnover at constant prices decreased by 2.5% in February, and by 2.7% in the first two months of 2008 compared to the level measured one year before according...

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Rent a car – better business as to buy

The rent a car market is 3-3.5 times so big in Austria as in Hungary, altough there live only 7 million people.  Fox Autorent Kft. offers cars with almost 0...

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Enterpreneurs' Forum in Debrecenben

The National Association of Enterpreneurs and Employers organises forums between the enterpreneurs and authorities since three years all over Hungary. Laszlo Perlusz spoke about organisation's yearly program, which focuses on...

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Fake olive oil in Italy

The Hungarian authorities dosn't have any information about Hungarian sell of this oil. The fake oil looked like extra virgin olive oil. It even tasted and smelt like extra virgin...

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Hypermarkets sell the most praline

The Hungarian chocolate market grow in volume by 11% in value by 16% last year. Total sales was almost HUF 60 billion.  According to Nielsen Research more than 30,000 tons...

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GKI sentiment index fall

The confidence index of trade dropped notably in January 2008, but it has been increasing since February. In March the projection of sales and the expectations on future orders improved,...

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One year 34% price increase at Hungarian agriculture products

The price level of crops and horticultural products was 46.9% higher, while that of animals and animal products increased by 17.6%. between February 2007-2008.  In January–February 2008 the average price...

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People make borrowing easier

According to GfK Research company in 2007 customers borrow unrestricted use mortgage loan in spite of commercial credit. Research company asked people between 15-69 years about their financial behaviours. According...

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M3 Outlet Center to open in Polgar in Mai

The developing cost was HUF 4 billion, the center is 13,000 sqm, 400 new job was built and other 400 come in the next station in 2009.  M3 Outlet Center...

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Positive change in the industrial output

According to Central Statistic Office the preliminary data in February 2008 the industrial gross output increased by 13.2% related to February 2007. The index adjusted by working days rose by...

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SMEs are positive

The business confidence index of almost domestic SMEs was 97,8% in the first quater of the year. The companies don't wait new restriction.According to ECOSTAT's the half of the questioned...

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Leasing cost decreased because of change tax rules' change

According the new rules from January 2008 , VAT is deductible by leasing car too and VAT of other services too. Flotta financing changed from the year beginn, the leasing...

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