Market News
Well-organised fleets
Tímea Pesti, the commercial director of LeasePlan Hungária Zrt. informed Trade magazin that the commercial vehicle market has finally started growing. In 2010 new vehicle sales a hit a nadir...
Read moreKSH: the increase in retail sales lasts longer
The retail sales in March rose by 6.5 percent, while in the first quarter increased by 7.0 percent, compared with the same period of the last year – the first...
Read moreThe income growth may offset by the negative impact of the Sunday store closure
Although the Sunday store closure can cause temporary fluctuations in retail, the substantial increase in income can fully offset the negative impact of the Sunday store closure – Suppan Gergely,...
Read more300 billion HUF development resources to renew the food industry
About 300 billion HUF development funds can be used for the renewal of the food industry, on the basis of the soon to be adopted Food Industry Development Strategy –...
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Professional organizations are calling for negotiations about the advertising tax
The professional organizations continue to call for negotiations about the advertising tax, and asks the government to consider the termination of the tax due to its adverse economic impact –...
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Hungary’s first North American trading house was opened in New York
The Hungarian government in the new EU development cycle lasts until 2020 puts a highert han ever emphasis to strengthen the corporate sector. MTI Photo: Pogár Demeter The North American...
Read moreEquilor: 3.1 percent GDP growth for this year and 2.7 percent GDP growth for the next year
The Equilor Befektetési Zrt. investment company amended this year's gross domestic product (GDP) growth forecast upwards, from 2.7 percent to 3.1 percent for this year. The company expects a 2.7...
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About half of the top 100 media companies will be obliged to pay tax after advertising revenues
According to the 2013 data of Whitereport (WR) Ad Upgrade, about half of the classic media companies will be obliged to pay tax after advertising revenues, if the proposed amendment...
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Nébih: coordinated nationwide inspection to filter out the fake primary producers
The agriculture specialists of the county government offices held a nationwide inspection, coordinated by the National Food Chain Safety Office (Nébih) – the Nébih told MTI on Wednesday. During the...
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Magazine: Many development programmes will be announced early summer
In the 2014-2020 EU budgetary period development policy must focus on employment and competitiveness. If all programmes are considered, Hungary is entitled to HUF 12,000 billion worth of European Union...
Read moreRomanian retail sales increased by three percent in the first quarter
According to the raw and calendar adjusted data, the volume of the Romanian retail sales increased by three percent in the first quarter of 2015, compared to the same period...
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NÉBIH connects to the electronic payment and accounting system
NÉBIH completed its project for joining the electronic payment and accounting system. Thanks to this payment is now also possible with bank card, online bank card and via the home...
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Magazin: One pair, two pairs, grill
ming more and more popular, the market keeps expanding and the product selection is growing. Tamás Kováts, sales director of ZIMBO Perbál Kft. told our magazine that consumers like trying...
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One thousands small grocery stores disappeared in a year
A total of 17,729 general food stores were operating in Hungary at the beginning of this year. In January 2014 their number was 18,679. This means a 5 percent decline....
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Amendment in the advertising tax
The tax on advertising to be amended. According to the amendment, the amount of tax will be 0 to 100 million HUF and 5.3 percent above 100 million HUF. According...
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The SPAR was given the disability-friendly recognition again
The SPAR Magyarország Kereskedelmi Kft. received the Disability Friendly Employer on March 26 this year for the third time after 2010 and 2012, so the company can use the Disability...
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One in five supermarket scales measure more
According to the inspectors of the National Consumer Protection Authority (NFH), one in five supermarket scales measure more. This ratio at smaller shops is: every fourth – the NFH told...
Read moreCereals became 3 percent cheaper in April
Hungarian cereals became 3 percent cheaper in April on average, compared with March 2015 at the Magro.hu online agricultural marketplace. The Magro Wheat Index (MGX) indicating the combined value of...
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Bankmonitor: The savings of the Hungarians are below the Western European average
On average, Hungarians have savings of 2.1 million HUF per capita. This amount is significantly below the Western European average of 23.9 million HUF and significantly lower than the Central...
Read moreThe majority of SMEs do not plan any staff increase
Only around one in six domestic SMEs plans new recruitment of workers, while the majority of businesses expect stagnation in the number of the staff. Thus, spectacular growth in employment...
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160-180 billion forint investment is necessary in the fruit-vegetable sector
In the next 6-8 years Hungary needs to invest HUF 160-180 billion in fruit and vegetable growing and processing if it wants to make products competitive in the market. FruitVeb...
Read moreThe GKI expects accelerating consumption and stagnation in investment
According to the forecast of the GKI Gazdaságkutató Zrt. (GKI Economic Research Co.), the growth was exceptionally fast temporarily in 2014: 3.6 percent. However the Hungarian economy was not able...
Read moreNGM: the demand supports the strengthening of foreign trade
Behind the upturn in foreign trade the strengthening of external and domestic demand can be both observed – the Ministry of National Economy (NGM) commented to the report of the...
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KSH: the trade surplus continued to rise in February
In February, exports in euros increased by 6.0, while imports rose by by 6.1 percent compared with the previous year. The trade balance surplus increased by 41 million euros to...
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Five Central and Eastern European countries call for joint action against VAT fraud
Five Central and Eastern European countries call for joint action against VAT fraud, among other things, to extend reverse VAT – Varga Mihály, Minister of National Economy (NGM) told MTI....
Read moreThe tobacconists already took the folies down several places
Several tobacconists took the folies down from the tobacco shop windows after the murder in Kaposvár. The shop owners usually covers the tobacco products with a shutter – the M1...
Read moreThirty Million HUF worth smuggled cigarettes were found near Szatmárcseke
The National Tax and Customs Administration (NAV) found thirty Million HUF worth smuggled cigarettes near Szatmárcseke. The finance guards detected a suspicious boat on the Tisza river and a vehicle...
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Manufacturer brands bettered their position
Razor and epilator sales exceeded HUF 800 million last year, but value sales reduced by 8 percent – while volume sales were stable. Drugstores were responsible for the majority of...
Read moreCBRE: dynamic growth on the commercial property market
Last year11.4 million square meters of shopping centers were built in the world. This is 800 thousand square meters more than in 2013. Twenty percent of the new shopping centers...
Read moreThe government raised its GDP forecast for 2015 to 3.1 percent
The government raised the expected economic growth forecast to 3.1 percent from 2.5 percent – Banai Péter Benő, Minister of State of the Ministry of National Economy (NGM) told M1...
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