Market News

The MNB Vice-President: the series of base rate increases in 2022 will continue
Date: 2021-12-16 11:22:53

Prolonged inflationary pressures justify long base rate hikes, and the monthly series of rate hikes will continue in 2022, Virág Barnabás, vice-president of the Magyar Nemzeti Bank (MNB) said in...

HEPA is launching a program to develop the export activities of small businesses
Date: 2021-12-16 11:20:16

The export activity of micro, small and medium-sized enterprises (SMEs) is supported by the “Fit for Export” program of the Hungarian Export Development Agency of HEPA. It is already possible...

McKinsey restrained the performance of perfume wholesalers
Date: 2021-12-16 11:14:27

The pandemic has had a significant impact on perfume wholesale companies, with the three largest companies unable to increase their net sales in 2020, consulting firm McKinsey told MTI on...

The ifo economic research institute indicates a delay in German GDP growth
Date: 2021-12-16 11:11:40

The latest forecast of German economic growth is indicated by the ifo economic research institute of the University of Munich. The ifo economic research institute indicates a delay in the...

Retail sales growth slowed in the United States in November
Date: 2021-12-16 11:10:41

Retail sales in the United States grew less than expected in November, according to a report by the Census Bureau of the Washington Department of Commerce. In November, seasonally and...

How not to give gifts to our business partners?
Date: 2021-12-16 10:59:13

The Hungarian Business Leaders Forum (HBLF) has published an electronic publication to answer the most frequently asked questions about business gifts and events....

The importance of small shopping centres and retail parks has increased in the CEE-16 countries
Date: 2021-12-16 10:44:18

A diszkont kiskereskedők egyre nagyobb érdeklődést mutatnak üzlethelyeik bővítése iránt, beleértve a hagyományos bevásárlóközpontokat is – értesült az OGH Hírügynökség a Colliers legfrissebb, Közép-Kelet-Európa 16 országára kiterjedő kutatásából. Az előrejelzések...

An Electric Air Taxi is being developed by a Hungarian startup: air ambulance would be revolutionized
Date: 2021-12-16 10:32:09

Another exciting Innovation in the Hungarian Air Industry is knocking on the doors of international markets: orca is developing an eVTOL (electric, in-place) aircraft that would support air ambulance organizations...

Munch organizes a long-term charity campaign
Date: 2021-12-16 10:25:54

Munch has launched a long-term charity campaign with the Food Bank, which has already been joined by 10 organisations with more than 150 families. During the campaign, customers can contribute...

The tale of two decades – György Jaksity, Concorde’s chairman of the board at the Business Days conference
Date: 2021-12-16 10:22:46

Mr Jaksity told in his presentation that the 2008-2010 economic recession separates that the last two decades. In the 2000s economic policy was running amok, with a great budget deficit,...

One in four employees would be able to put their employer in a serious situation with one click
Date: 2021-12-16 09:49:55

Serious IT user unpreparedness and negligence reflect employees’ attitudes towards corporate systems, according to a recent survey by KnowBe4, which organises cyber defence training. According to research involving 1,000 U.S....

Kopint-Tárki revised its GDP growth forecast for this year downwards
Date: 2021-12-15 11:47:47

Kopint-Tárki has revised its GDP growth forecast for this year down to 6.1 percent from 6.8 percent indicated in the autumn, CEO Palócz Éva announced at the online presentation of...

The MNB has raised its inflation forecast for this year to 5.1 percent
Date: 2021-12-15 11:29:40

The central bank has raised its inflation forecast for this year to 5.1 percent and lowered its GDP expectation to 6.3 – 6.5 percent, according to key figures in its...

ManpowerGroup: 34 percent of employers plan to increase headcount in Hungary in the first quarter of 2022
Date: 2021-12-15 11:22:46

34 percent of employers plan to expand their headcount in Hungary in the first quarter of 2022, while 17 percent expect a reduction; such optimism was last seen among market...

BRFK gathered seven tons of food for those in need
Date: 2021-12-15 11:18:48

The police in Budapest collected seven tons of donations for those in need last year, the Budapest Police Headquarters (BRFK) announced on police.hu. The offerings included basic foodstuffs – sugar,...

Inflation in Slovakia is at its peak for nearly two decades
Date: 2021-12-15 11:07:42

In Slovakia, consumer prices rose by 5.6 percent year-on-year in November, the last time the country had such high inflation in 2004, according to data released by the Slovak Statistical...