Market News
Nielsen: the majority of the retail promotions close with losses
Food, household chemical goods and cosmetics manufacturing companies close six out of ten retail discount actions with lossses and the balance is deteriorating further – the three-year analysis of the...
Read more
Dispersed prices in the European Union
The difference between the price level of the cheapest and the most expensive country was nearly threefold in the EU last year. According to the survey of Eurostat, published on...
Read more
KSH: average earnings rose by 3.6 percent in April
Average earnings increased by 3.6 percent in April, compared to the same period of the previous year. Without public workers, the increase was 2.6 percent – the Central Statistical Office...
Read more
We hardly know our consumer rights
Despite the fact that the Hungarians are facing more problems during the purchasing of goods or services, and we also buy more often under the effect of misleading advertisings, we...
Read more
HIPA: working capital inflow may increase further
In the next period, the working capital inflow may increase in Hungary further and the data of the first five months also indicate that there is an investor-friendly environment in...
Read more
Counterfeiting threatens the economy of the EU
Intellectual property rights (IPR) related industries are increasingly threatened by organized crime, producing and selling counterfeit products – the notice of the National Board Against Counterfeiting (HENT) warns. The notice...
Read moreFour Hungarian universities have developed food safety curriculum
A food safety curriculum was developed by four Hungarian universities. The participating universities were the Universities of Debrecen, Szeged, Eger and the Western Hungarian University – Jávor András, vice-rector of...
Read moreSmuggled cigarettes were seized near Beregdaróc
Nine thousand boxes of cigarettes worth 7.5 million HUF were left behind by fleeing smugglers near Beregdaróc – the press officer of the National Tax and Customs Administration (NAV) told...
Read more
Paris’s iconic department store la Samaritaine to be extended
The La Samaritaine, which is one of Paris’s iconic landmarks, is to be reborn following an ambitious makeover project. The famous department store, first opened in 1870, is situated between...
Read more
After the (almost) seven lean years
The economy seems to be recovering from recession that started in 2008, but the question is: can the old model be used any longer? It is sure that the last...
Read moreBeers that give more: the Association of Hungarian Brewers opens the new season
In May the Association of Hungarian Brewers launched its ‘Beers that give more’ programme. The objective is to educate consumers about beer and beer consumption. It will be at the...
Read more
Where does the meat come from?
As of 1 April more precise data must be indicated on packaged fresh, cooled and frozen meat in the European Union. In most cases the place of origin has to...
Read more
Aerospace & Defense Executive Joins Stanton Chase
Kristi Moe, a veteran aerospace and defense executive, has joined the Atlanta office of Stanton Chase, a global retained executive search firm, as a Director. The announcement was made by...
Read moreThe agricultural producer prices are driven down by global overproduction
According to the latest data of the Central Statistical Office (KSH), the twenty-two month-long downward trend in the agricultural price index continued in April 2015. According to the data of...
Read moreThe NFM stands by the central tobacco shop supplier
According to the Ministry of National Development (NFM), tobacco sales will be faster and more flexible with the cooperation of the central tobacco shop supplier from 1 November. The NFM...
Read more
The NAV seized more than half a million bottles of spirits
More than half a million bottles of spirits were seized by the National Tax and Customs Administration (NAV) at a beverage wholesaler. The wholesaler was previously fined for 100 million...
Read more
New professional award for young leaders
The Academy of Young Leaders (Fiatal Vezetők Akadémiája) announces the “Young Leader of the Year – 2015” award for the first time. The award would recognize the managers with exemplary...
Read moreUS-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 –...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
