Market News
The EP accepted the cap on credit and debit card fees
The European Parliament has backed a deal to cap the fees retailers pay to process debit and credit card transactions, which EU officials say will mean savings for customers. Use...
Read more
Manpower: 18 percent of the employers plan recruitments
According to Manpower’s recent representative survey, eighteen percent of the employers plan to increase staff in the next three months. The highest recruitment rate is experienced in the construction and...
Read moreThe soft wheat crop may be smaller this year in the EU
The European Union’s soft wheat harvest this year will be 141.5 million tonnes, lower than last year's record of 148.2 million tonnes, when the weather was very favorable. The European...
Read more
What can we expect from the Hungarian economy in 2015?
Hungarian daily Világgazdaság organised an economic conference, titled ‘2015: restructuring markets, new owners’, where experts discussed the state of play and the challenges of 2015 in Hungary. The conference started...
Read more
Grocery retail sales augmented in both value and volume
Between December 2013 and November 2014 value sales in grocery retail increased by 5 percent and volume sales expanded by 4 percent. Products in the 90 grocery categories audited by...
Read more
Sales of household chemicals and cosmetics keep growing
In the January-October period of 2014 retail sales of household chemicals and cosmetics represented a value of HUF 270 billion, 6 percent more than in the first ten months of...
Read more
PL buyers sense an improvement in product quality
The majority of Hungarian consumers think positively of retail chains’ private label (PL) products. 72 percent of buyers sense an improvement in the quality of PL groceries and household chemical...
Read more
Early winter minuses in consumer prices
In December consumer prices were 0.9 percent lower than one year ago. Compared with November 2014, consumer prices fell 0.7 percent on average, and groceries cost 0.7 percent less in...
Read moreEuropeans are more satisfied with online purchases than in-store purchases
Eighty percent of Europeans are satisfied with online shopping, while only 67 percent of them are satisfied with offline in-store purchases – the latest UPS representative survey reveals. The research...
Read more
GDP grew in last year's fourth quarter in the EU
The joint gross domestic product (GDP) of the European Union (EU) Member States increased by 0.4 percent in the last quarter of 2014, compared to the previous quarter – Eurostat...
Read moreBisnode: every third CEO is a woman in Hungary
In Hungary, 32 percent of CEOs are women, however, as the firm size increases, the importance of their positions in leadership is decreasing – the Bisnode business information provider’s analysis...
Read moreA dangerous pest appeared in Europe
The European agriculture is threatened by a plant louse that can cause significant damages to the corn and rice cultivation. The plant louse probably absorbed through North Africa – and...
Read more
The highest bread prices in Ukraine can be found in Transcarpathia
The price of bread increased dramatically, by about 80 percent, in the last two weeks, in Transcarpathia. The Ukrainian currency, the hryvnia is continuously loosing its value, compared to foreign...
Read more
18th Global CEO Survey: less optimism, more confidence
In the last quarter of 2014 PricewaterhouseCoopers (PwC) conducted 1,322 interviews in 77 countries and presented the results on 20 January 2015 in Davos. The 18th Global CEO Survey found...
Read moreKSH: GDP grew by 3.6 percent in 2014
The Hungarian gross domestic product (GDP) increased by 3.6 percent last year, compared to the previous year – the Central Statistical Office (KSH) announced on Friday. According to seasonally and...
Read more
FruitVeB: the fruit and vegetable sector requires 160-180 billion HUF investment
In the next 6-8 years, around 160-180 billion HUF should be invested into the Hungarian fruit and vegetable production to develop the competitiveness of the products – the president of...
Read moreDecline in global food prices
The price of sugar tops the further decline in the United Nations Food and Agriculture Organisation, FAO Food Price Index declined to a 55-month low in February, dropping 1.0 percent...
Read more
Forty-eight percent of online shoppers pay with a credit card on the web
The GKI Digital made a public research in January, examining the online and offline payment habits of the population. According to the results of the research 85% of the Hungarian...
Read more
Retail sales in the Euro Zone and in the EU both increased
Retail sales in January increased both in the Euro Zone and in the European Union. The second largest annual increase in the EU was achieved by the Hungarian retail in...
Read more
Magazine: New IT solutions showcased at the beginning of the year
Las Vegas was the host of the Consumer Electronics Show (CES) in January 2015 and featured many solutions from the field Cisco defined as ‘The Internet of Things’. One of...
Read more
A farmer wanted to sell Polish apples as Hungarian apples
A farmer in Szabolcs-Szatmár-Bereg county wanted to sell Polish apples as Hungarian apples – the National Tax and Customs Administration (NAV) told MTI. The tax officers of the Electronic Road...
Read moreNovember: 3.4-percent expansion in grocery retail
In November 2014 retail turnover is estimated to have improved by 5.2 percent (adjusted for calendar effects) from the same period of 2013. Food and food-type retail sales improved by...
Read moreA quick look at the tobacco product market: what do the numbers say?
According to statistical data on excise duty from the National Tax and Customs Administration (NAV), until November 2014 tobacco product volume sales were lower than in the same period of...
Read more
2015 may bring solid growth but many risks as well
According to GKI Economic Research, the Hungarian GDP grew by 3.2 percent in 2014 and it will expand by 2 percent in 2015. The world economy and the European Union’s...
Read more
Magazine: E-commerce is about to boom
Last year online retail estimatedly expanded by 22.5 percent and neared HUF 266 billion. According to a forecast by eNET, in the medium term (2014-2018) e-commerce is about to boom,...
Read more
Analysts: retail expansion shows the increase in income
Retail sales expanded significantly in January, which indicates an increase in household income, according to analysts polled by MTI. The Central Statistical Office (KSH) reported on Wednesday that the January...
Read moreOKSZ: retailing continues to grow this year
The National Trade Association (OKSZ) expects a further growth in retail sales, but at a slower pace. According to data of the Central Statistical Office (KSH) published on Wednesday, retail...
Read more
A breakthrough in mobile internet use: half of the Hungarian Internet users are holding the World Wide Web in their pockets
Half of the adult netizens in Hungary have smart phones with mobile internet. Four-tenth of them browse social networking sites daily, while a third of them inform about the coming...
Read moreThe 18th District further tightened the rules of opening
The local government of the 18th District further tightened the rules of opening hours – VS.hu wrote. The local government of the 18th District even shortened the opening hours of...
Read more
KSH: the trade surplus amounted to 6.4 billion euros last year
The euro value of exports increased by 4.2 percent last year, while teh imports in euros rose by 4.7 percent. The trade surplus became 6.4 billion euros, which is 153...
Read more
