Market News
The black economy is still strong in Eastern Europe
The turnover of the black economy in the Czech Republic in 2014 was about 612 billion crowns, ten billion more than in 2013 – the Visa financial group’s study reveals....
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The National Agricultural Economics Chamber and the Savings Bank signed a strategic agreement
The aim of the agreement between the National Agricultural Economics Chamber (NAK) and the Savings Bank (TakarékBank Zrt.) is to facilitate the implementation of the objectives of the agricultural and...
Read moreGerman retail sales increased in December
The German retail sales increased by 4 percent last December on an annual level in real terms and in nominal terms by 3.5 percent according to the preliminary data of...
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Hungarians consume very small amount of sheep meat
The supports are the key basis to generate revenue for the sheep farmers for many years. It is an unhealthy condition and cannot be sustainable in long terms. Proper professionals...
Read moreRussian embargo may lead to circular debt in the Hungarian food sector
According to Balázs Vanek, country manager of Atradius Credit Insurance the embargo Russia not only causes a loss in revenues to Hungarian agri-food companies, but also results in losing market...
Read moreKSH: retail sales rose by 5.1 percent in November
The volume of retail sales in November last year were 5.1 percent greater than in the previous year according to both the raw and calendary adjusted datas – the Central...
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The government would significantly increase the SME exports
The government would significantly increase the export proportion of the small and medium enterprises (SMEs) in Hungary – Szabó László, the Parliamentary Minister of State of the Ministry of Foreign...
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The CÖF-CÖKA launches a program to assist rural family businesses
A program supporting the implementation of rural family businesses was launched by the Civil Unity Forum – Civil Unity Foundation (CÖF-CÖKA). Csizmadia László, chairman of CÖKA, founder of the CÖF...
Read moreThe Wine Guide of the Ister-Granum Euroregion has been published
The Ister-Granum European Territorial Cooperation Group has published a guidebook on the Hungarian and Slovakian wineries near Esztergom– the organization's project manager told MTI on Thursday. Eck András informed that...
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The native brown trout can become a gastronomic specialty
The researchers of the Gödöllő-based Szent István University (SZIE) have developed a farming method, which allows them to increase the proportion of native brown trout in the current Hungarian trout...
Read moreNGM: 288 billion HUF flowed from the tobacco excise duties
From the tobacco excise duties 287.9 billion HUF flowed into the budget last year – Tállai András, Parliamentary Minister of State of the Ministry of National Economy (NGM) wrote in...
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Economic sentiment improved slightly in the EU
In January, the economic sentiment slightly improved in the 28 Member States of the European Union (EU) and in the 19 membered Euro Zone as well – according to the...
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Magazine: Can companies have conscience?
Social responsibility, sustainability, environmental protection – sometimes I feel that these values have been ‘eaten’ by business, they are nothing but mere decoration on the walls of company offices, just...
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Loyalty card and new petrol stations
Auchan launched its own Loyalty Card. Customers can register online or in stores. Points can be collected with more than 200 products at the same time, which change every month....
Read morePwC: less optimism, more confidence
Compared to 2014, the business leaders of the dominant companies are less optimistic about the improvements of the next 12 months expectation of the improving of the world economic situation,...
Read moreFour out of five net users buy online
The regular net users use the World Wide Web for purchasing: 81 percent of the internet users purchased online at least once in the past year. The current E-Shopping Report...
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The Bakers’ Association does not see any way to decrease the price of bread
According to the Fidesz because of the cheaper price of fuel, the price of bread should be reduced, however the leader of the Bakers’ Association says that they are not...
Read moreEconomic sentiment: does the world and Hungary perform better?
According to the results of the poll of Ipsos conducted in 25 countries do not confirm the optimistic beliefs on the end of the economic crisis. Last year an average...
Read moreBeekeepers will receive compensation for their losses caused by the bad weather
According to the plans of the Ministry of Agriculture, the beekeepers will be eligible to apply for compensation from next year, when due to the bad weather losses occurs. Previously,...
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The FM would protect the Hungarian spritzer
The professional rules of bottled spritzer have to be developed to prevent from abuses,while the consumer confidence has to be preserved – the Ministry of Agriculture (FM) told agrárszektor.hu. As...
Read moreHungarian women and foreign men
Many foreign men, especially from Western Europe and the USA, contact us about dating Hungarian women. They usually say they want to meet Hungarian women because they are beautiful, family-centred...
Read moreJointVentures and the new Civil Code
JointVenture agreement packages are the guarantors of successful cooperation. The pillars of these are the JointVenture contract, the Hungarian company’s partnership agreement and the so-called vertical agreements such as the...
Read moreMagazine: Getting to know Opinion Leaders – how Sociolog works in real life
In the first part of our series (Trade magazine, October 2014 issue) we summarised the characteristics of Opinion Leaders. It represents a real challenge for researchers to find out the...
Read moreThe Coface is expecting a 2.3 percent GDP growth in Hungary
This year, a 2.3 percent GDP growth is expected in Hungary. The Hungarian economy is only moderately affected by the strenghtening of the Swiss franc, due to the fixing fixing...
Read moreMagazine: The place where everyone gathers
According to Szilvia Máté, director of BD-Expo Kft. (the official representative of Messe Düsseldorf, Veletrhy Brno and AllWorld Co. in Hungary), leading trade exhibitions, large trade fairs benefit from economic...
Read moreGrain prices have fallen nineteen percent within a year
The Magro Grain Index (MGX) expressing the combined price movements of the Hungarian grains decreased by nineteen percent from 10059 points 8190 points in one year. This means that the...
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The growing area of the high oleic acid sunflower can increase by one million hectares worldwide
The volume of the high oleic acid sunflower can continue to grow in Hungary. The demand for the crop is dramatically increasing worldwide – Syngenta’s sector forecast predicts. Last year,...
Read moreItalian authorities caught a Eastern European cigarette smuggling network
The Italian and Eastern European crime organization smuggled the cigarettes from Poland, Ukraine and Hungary – the Italian authorities announced on Tuesday. 88 members of the gang were arrested and...
Read moreNielsen: the consumer confidence index decreased in the last quarter of 2014
The Nielsen Consumer Confidence Index closed last year with 54 points in Hungary, this fourth quarter indicator is two points lower than the indicator of the third quarter. The slow...
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The mitigation of the Russian meat ban is urging to the Hungarian meat industry
To ease the Russian meat ban is urging to the Hungarian meat industry players, who suffer significant revenue losses due to the Russian embargo – Menczel Lászlóné, Secretary of the...
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