Market News
US-Chinese cooperation to encourage Chinese investment
The newly formed Hungarian-Chinese New Immigrants Investment Encouraging Association (MBKSZ) and the Hungarian National Hungaricums and Values Association (MNHSZ) signed a cooperation agreement to encourage Chinese investment in Hungary –...
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Mobile phones are our virtual wallet
Mobile technologies are changing the way retail works and retailers have to adapt to these changes – says Balázs Szánthó, concept manager with Media Markt. The consumer electronics retailer is...
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Magazin: The age of cheap money
After the Central Bank of Hungary (MNB) had cut the base rate again, the forint weakened against the euro and climbed to the zone way above 300. Interest rates are...
Read moreSavings Bank: private consumption can be the engine for economic growth
The Savings Bank analysts say that the GDP in 2015 will increase by 3.3 percent in Hungary, while they believe that inflation will be higher than expected, an annual average...
Read moreTobacco Manufacturers: the selection of suppliers is non-transparent and discriminatory
With the adoption of the joint offer of the BAT Pécsi Dohánygyár Kft. and the Tabán Trafik Zrt., the Hungarian government chose two privileged operators in a non-transparent and discriminatory...
Read moreTállai: the ekáer is successful
The introduction of the electronic road freight traffic control system (ekáer) is effective and successful. The system contributes to the whitening of the Hungarian economy. Since its introduction tax authorities...
Read moreOnly three EU Members consume less than Hungary
Hungary's GDP per capita is the fifth lowest in the European Union – according to Eurostat’s report that was published yesterday. In personal consumption Hungary is even further back, since...
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According to a research, the Internet is the leading source of information in Hungary
Four in five domestic internet users read every day on the web, while the ratio of TV viewers is less than 50 percent among people under 30 – the research...
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The EU agricultural ministers agreed on the new EU regulation on organic farming
Ministers agreed today at the AGRIFISH Council on a general approach on the Commission proposal for a new organic regulation. An IFOAM EU delegation in Luxembourg witnessed a last minute...
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Inflation returns to the European Union
A positive rate of inflation was registered in May both in the Euro Zone and in the European Union, after the previous month's zero percent. The Eurostat reported on Wednesday...
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Trans fatty acids to be banned in foods in the US
Trans-fats are unsafe to eat and must be banned from the food supply within three years, US regulators have announced. The US Food and Drug Administration said partially hydrogenated oils...
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1.5 billion HUF for the student work program this year
The government spends 1.5 billion HUF on the summer student work program program this year – Varga Mihály, Minister for Economic Affairs announced on Wednesday. The summer student work program...
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Facebook ads have no influence on young people
ArvaliCom surveyed Hungarian Facebook users for the second time. There were 834 participants in the study. The time spent on Facebook increased in all age groups, but the rise was...
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Accountants’ task made easier
Accounting work can be done 50 percent faster by using the cloud-based system developed by SDS Zrt. Thanks to the Smart Document System of the accounting software it is enough...
Read moreRobotic chef in the kitchen
According to its manufacturer Moley Robotics, they will start selling the chef robot in two years’ time. The automatic chef will know 2,000 recipes, it has two hands and it...
Read moreNo reduction in the proportion of regular smokers
The government’s anti-smoking measures seem to be useless: cigarettes are getting more and more expensive, and the smokers can smoke in fewer and fewer places. However, there is no reduction...
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Symptom-free life even with lactose intolerance
Instead of leaving milk and dairy products, the experts drew attention to the benefits of milk products. Nógrádi Katalin (Hungarian Dietetic Association) and Györki Niké dietitian Millions are affected by...
Read moreThe harvest begins
This year's harvest season has started with the winter barley harvest at the end of the week – hvg.hu wrote after Napi Gazdaság. Vancsura József, president of the National Association...
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Thirty percent of people calculate with pension salary savings
70 percent of those surveyed in 15 countries expect their pension salary from the state and from the employers and only 30 percent calculate with their own savings, the figure...
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Increased employment in the European Union
Employment increased both in the Euro Zone, both in the European Union in the first quarter of 2015. The Eurostat, the European Union's statistical office announced on Tuesday that according...
Read moreThe system of online cash registers has increased the declared revenues in Croatia
The introduction of the system of online cash registers in 2013 more than doubled the amount of revenues previously declared by the traders and entrepreneurs – Boris Lalovac Croatian Finance...
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The greatest wealth disparities are in the United States
Among OECD member countries, the most unequal distribution of wealth among the population can be found in the United States – OECD’s study reveals. According to the study of the...
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SAP’s startup programme comes to Hungary
Software company SAP launches its startup programme in Hungary too. Within the framework of the programme SAP offers its newest development platform to start-ups free of charge, so that they...
Read moreBeer sales increased by about 2 percent last year
The volume of beer sold by the Hungarian beer industry grew by about 2 percent last year, and such amount can be expected this year as well – the Association...
Read moreDomestic brewers are proud of the quality of their products
The Association of Hungarian Brewers welcomed the outcome of the examination of the National Consumer Protection Authority in a communication. The National Consumer Protection Authority (NFH) examined the quality of...
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GfK: high demand may remain for IT products and small household appliances next year
The high demand may remain for IT products and small household appliances in the coming year, as 67 percent of the Hungarians plan to buy IT and 57 percent household...
Read moreKSH: the number of Internet subscriptions continued to increase
The number of Internet subscriptions continued to increase in the first quarter 2015 and reached 7.4 million, which is 12 percent more than in the same period of the previous...
Read moreSmall abattoir in Besenyszög
Municipality-owned BES-ÁSZ Besenyszög General Service Provider Kft. starts the processing of slaughtered pig at the new facility this summer. Four or five pigs can be processed a day, which amounts...
Read moreNew food marketplace in downtown Győr
The renovation of Győr’s Dunakapu Square has been completed recently. As part of the project a food market was created: it is open every Tuesday and Friday afternoon from May...
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