Market News
The OECD expect stable growth among its member countries
Stable economic growth is expected in the next six months in the OECD as a whole and in the euro zone as well, with a slightly weakening momentum in Germany,...
Read moreCalifornians can eat foie gras again
A Los Angeles federal judge overturned the federal government’s ban on foie gras sales, because it was contrary to the US trade laws. The goose filling will continue to be...
Read moreOrganic farming or conventional farming?
John Krebs climate expert told at the Oxford Farming Conference on Wednesday 7 January that organic farming might do more damage to the environment due to increased land required and...
Read moreRetail sales rose by 0.8 percent in the Czech Republic in November
In November retail sales increased by 0.8 percent in the Czech Republic on an annual level – the Czech Statistical Office announced on Monday. Last year, this was the lowest...
Read moreA serious price increase may come in Russia
The US Morgan Stanley bank group increased its Russian inflation forecast for this year, from 9 percent to 13.7 percent on Monday. According to the communication of the Russian Statistical...
Read moreSmall cooperative becomes a successful company
With its nearly 70-year history, KOP-KA Zrt. is one of the key players in Tolna County’s retail sector. It isn’t a big member of the COOP Group’s but the company...
Read moreEurope’s Day in Commerce: gloom and a few moments of happiness
Europe’s Day in Commerce has been organised for the 10th time. The initiative of Brussels-seated EuroCommerce became one of the biggest feasts in the sector in Hungary, organised by the...
Read moreWhat happens to the excess gifts?
In the pre-Christmas period everyone is trying to find the perfect gift for the loved ones, but according to statistics, 38 percent of the Hungarian customers ordered items that did...
Read moreState assistance for the Széchenyi Card Program’s credit facilities this year again
The businesses can can apply for the credit facilities of the Széchenyi Card Program in 2015 with state assistance. The government has recently renewed the interest support and the guarantee...
Read moreThe Hungarian population does not want to change banks
The number of bank switches is still low among the domestic population. Three-quarters of the clients has never changed a financial institution in the past 10 years – Budapest Bank’s...
Read moreSunday closure: the National Electoral Commission refused to authenticate the signatures on the referendum
The National Electoral Commission (NVB) at its Friday meeting refused to authenticate the signatures on the referendum. Szepessy Zsolt, chairman of the Összefogás Párt (Unity Party) sought the national referendum...
Read moreKSH: export surplus increased in November 2014
In November, the euro value of exports was 3.2, while the euro value of imports was 2.4 percent higher than a year before. The 832 million euros trade balance surplus...
Read moreIce cube for 8 USD
A piece of hand-carved ice cubes cost eight USD, while the fifties package costs 325 USD. However, they are not statues, but perfectly carved geometric shapes. Photo :: Glace Luxury...
Read moreHungarians are a bit more eager to buy
A Nielsen survey in the third quarter found that 72 percent of Hungarian consumers think Hungary is in economic recession. Willingness to buy is smaller than the European average but...
Read moreLess and less small stores
In January 2014 there were 17,466 grocery stores with a floor space of or below 400m² in Hungary. Between December 2013 and September 2014 they realised a HUF 1,220-billion turnover...
Read moreSeasonal decline may soon start in tobacco retail
So far the recent trends of the tobacco market haven’t changed. Manufacturers remained active in the market, JTI and Philip Morris launched new products once again – JTI’s old/new cigarette...
Read moreLooks and content both matter when it comes to buying dessert
After last year’s sudden halt the praline market revitalised in 2014 – we learned from Andrea Révfalvi, marketing manager of Bonbonetti Choco Kft. She told that the main driving force...
Read moreKSH: retail sales increased by 5.2 percent in November
Due to the incresae of fuel sales the volume of retail sales showed the same 5.2 percent increase in November as in October – the Central Statistical Office (KSH) reported...
Read moreAnalysts: the November retail data become better-than-expected
The become better-than-expected retail data in November was clearly pulled up by the fuel sales – the macro analyst of the Buda-Cash and K&H commented the fresh data of the...
Read moreRetail sales increased in the EU
The retail sales increased in the European Union both in monthly and annual comparision in November, according to the non-finalised calculations. According to seasonally adjusted data, the volume of the...
Read moreGfK: stagnating consumer confidence
According to the analysis of the GfK Consumer Confidence Index, in the last quarter of 2014, the index has reached a 1-point increase. The consumer expectations are stagnating, while the...
Read moreThe NGM about the Sunday opening hours
The decree about the Sunday rest day will be ready in the first quarter of 2015, but the law already contains a number of exceptions – the Ministry of National...
Read moreWorkania: gross wages increased by 6 percent in 2014
Last year the gross wages increased by 6 percent in Hungary to 246 thousand HUF, compared to the average gross salaries of 2013. The largest increase was in the area...
Read moreThe Romanian retail trade increased by more than seven percent in January-November 2014
The Romanian retail trade increased by more than seven percent in the first eleven months of the last year – the Romanian national statistical institute announced on Thursday. The raw...
Read moreThe economy takes a step back – optimism didn’t last
The autumn is expected to bring a negative turn in the economy, due to changes in taxation and the 2015 budget. Growth rate will probably be around 2.5 percent in...
Read moreBNV returns this autumn
Gabriella Szántó, communications director of Hungexpo Zrt. told our magazine that next autumn the Budapest International Fair (BNV), one of Hungexpo’s best-known brands would return with a new concept. It...
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Improved sales by manufacturer brands
Like-for-like air freshener sales were between HUF 4 and 5 billion in January-August 2015, with value sales rising 5 percent. Drugstores had the biggest share from value sales, 27 percent...
Read moreThe excise guarantee of alcohol distributors may remain on last year's level
The Prime Minister’s Office does not agree with any of the excise rate increase proposals of Gulyás Gergely (Fidesz) nor the Ministry of National Economy (NGM), therefore initiates amendments that...
Read moreMNB: The banks disbursed loans of 472.3 billion HUF in the second phase of the NHP
The banks disbursed loans in a value of 472.3 billion HUF in the second phase of the Credit growth Programme (NHP) by the end of last year. The loans granted...
Read moreHungary closed a record year in 2014 in the payment of EU funds
On the basis of the data it seems sure that 100 percent of the EU funds was utilized – Csepreghy Nándor Deputy Minister of State, responsible for for Development Policy...
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