Market News
Inflation accelerated in the euro area
Date: 2017-03-02 11:01:55
Euro-area inflation accelerated to the fastest pace since January 2013, providing fresh arguments to those calling for an exit from the European Central Bank’s monetary stimulus program. Consumer prices rose...
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European Union stands united in many fields
Date: 2017-03-02 10:21:00
What are the most important issues on the agenda of the European Parliament (EP) in 2017? In the spring the EP’s committee will vote on the report on tax avoidance....
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Half a billion forints paid to hackers because of ransomware attacks
Date: 2017-03-02 10:11:10
According to antivirus software manufacturer G Data, Hungarian companies pay HUF 180,000 on average to hackers, so that they get back the access to the data on their computers. Having...
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Consumer expectations about tax and employer contribution cuts
Date: 2017-03-02 08:58:01
According to a representative survey conducted by TNS Hoffmann in December 2016, 59 percent of Hungary’s population heard about the tax and social contribution cuts the government had announced. 68...
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The world has turned around in twenty years
Date: 2017-03-02 07:09:23
PricewaterhouseCoopers (PwC) conducted its annual Global CEO Survey for the 20th time. It revealed that in the last two decades not only the markets changed but also the opinion of...
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Last year, the value of advertising spending exceeded 160 billion HUF
Date: 2017-03-01 11:40:21
The value of Hungarian advertising spendings (without the TV ads) exceeded 160 billion HUF last year, which is a 12.11 percent growth compared with 2015 – Hivatal Péter, a member...
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It is too early to bury this year’s wine harvest
Date: 2017-03-01 11:20:12
It is too early to bury this year’s wine harvest, because the grapes are in “hibernation”. Grapes can tolerate temperatures around minus 20 degrees – the Borháló Borkereskedés (Wine Net...
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3.2 million poultry had to be destroyed due to the bird flu
Date: 2017-03-01 11:17:04
The avian influenza in Hungary infected 233 livestock farms so far. 3.2 million poultry had to be destroyed – Bognár Lajos Chief veterinarian told at a professional forum – according...
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The VAT on Internet use to be reduced to five percent from next year
Date: 2017-03-01 11:14:23
According to the work plan of the Digital Prosperity program, the VAT on Internet use to be reduced to five percent from 1 January 2018 – Deutsch Tamás Prime Ministerial...
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The Purchasing Managers’ Index is on annual top
Date: 2017-03-01 11:13:42
The purchasing managers’ index in February increased by 2.5 percentage points to 59.5 points from the 57.0 points of January. This is the highest value of the last year, and...
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US consumer confidence is on top
Date: 2017-03-01 11:05:25
Consumers’ assessment of current conditions in the U.S. increased in February, according to a monthly survey released on Tuesday. The Consumer Confidence Index hit 114.8 in February, according to data...
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The NÉBIH suspended the operation of a meat plant
Date: 2017-03-01 11:00:33
Due to serious food-safety deficiencies the National Food Chain Safety Office (NÉBIH) suspended the operation of a meat shop in Pereszteg and the related plant and ordered the destruction of...
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Virtual shopper card for everyone
Date: 2017-03-01 10:33:12
A new smartphone app called Fullcard can manage various loyalty cards and the offers in promotional leaflets, plus its geographical location function helps shoppers to find those offers which are...
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Under a supported roof
Date: 2017-03-01 10:09:50
With a sum up to HUF 5 million in a 5-year period, companies can support the real property buying (or the paying back of real property loans) of employees tax-free....
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Misusing prestigious FMCG-brands?
Date: 2017-03-01 10:05:04
BGA Hungary successfully combats illicit Asia Center ad campaign misusing prestigious FMCG-brands....
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More ads, more GDP
Date: 2017-03-01 09:57:01
Fresh survey shows one euro ad spend generates seven euro GDP growth – BGA takes this opportunity to urge local policy-makers not to over-regulate the market....
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Magazine: It is easier if you aren’t alone
Date: 2017-03-01 07:07:03
The European Union is Canada’s second biggest trading partner – their No.1 trading partner is the USA. After many years of negotiations, Canada and the EU signed the so-called Comprehensive...
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Technology influences classic retail strategies
Date: 2017-02-28 20:24:18
With the help of Frank Mayer and Associates, let’s examine what the future of retail will be like. 2017 will bring many things to the retail sector, including new programmes...
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Nestlé expands Bük pet food factory
Date: 2017-02-28 18:11:20
Nestlé invests more than HUF 20 billion in creating its biggest pet food production facility in Europe. The existing part of the factory will be modernised and a new 5,000m²...
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Nielsen: Are you satisfied with your salary?
Date: 2017-02-28 18:00:47
According to a Nielsen survey, fewer Hungarians are satisfied with their salary than consumers in neighbouring countries. Austrians are the most happy with their present salary, followed by Slovakians, Croats...
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The NÉBIH to strengthen its controls with an intelligent analytical system
Date: 2017-02-28 11:25:38
The National Food Chain Safety Office (NÉBIH) strengthens further its tools to filter those who carry out illegal activities. Oravecz Márton, president of the National Food Chain Safety Office (NÉBIH)...
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Investments decreased by twenty percent last year
Date: 2017-02-28 11:20:13
The volume of investments in the national economy in 2016 decreased by 20.0 percent, compared to the previous year, when it rose 7.1 percent in an annual comparison. In last...
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Municipal slaughterhouse was inaugurated in Hajdúböszörmény
Date: 2017-02-28 11:18:42
A municipal slaughterhouse was inaugurated in Hajdúböszörmény on Tuesday. In addition to the completed project, the foundation stone of the local government’s meat processing plant was also placed. Kiss Attila...
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Hungarian artisanal beers to be introduced in Romania
Date: 2017-02-28 11:08:36
The Association of Small Breweries to host Romanian beverage wholesalers and restaurant professionals on 7 March 2017 in the Petőfi Community Centre in Bucharest. At the handicraft beer tasting, organized...
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Employment growth may continue
Date: 2017-02-28 11:08:29
The growth in the number of employees may continue this year, as well as the decrease in the number of unemployed, but the process due to the lack of experts...
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Driverless tractors to come in a few years
Date: 2017-02-28 11:07:13
The Süddeutsche Zeitung wrote an article (“The farmer thinks the tractor steering”) about the automatic agricultural machinery. The tractors and combine harvesters are able to calculate the optimal route and...
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Cash usage costs a lot
Date: 2017-02-28 11:06:28
From March, new two thousand and five thousand forint banknotes will arrive to everyday life. The new, modern banknotes are needed, but it is worth to make steps towards a...
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The payment behavior deteriorated at the Hungarian enterprises
Date: 2017-02-28 11:04:58
Last year, two-thirds of the bills were paid in time, but this result is a few percentage points below the results of 2015 – the privatbankar.hu. quotes the Payment Experience...
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The grain museum to be renovated
Date: 2017-02-28 11:01:45
The renovation works of the Gajdács farm, which is part of the Grain History Exhibition Place in Békéscsaba have started – was said at a press conference on Tuesday at...
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The airport center of the mail-order services is under construction on sixteen thousand square meters
Date: 2017-02-28 11:01:35
The air cargo traffic at the Liszt Ferenc International Airport in Budapest has increased significantly, by 26.8 percent in January, compared to the previous year – the Budapest Airport told...
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