Market News
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
Regular, moderate coffee consumers have 'cleaner' arteries
A few cups of coffee a day may help people avoid clogged arteries – a known risk factor for heart diseases – South Korean researchers believe. The study was published...
Read moreThe Way to Work was launched for the fourth time
The youth unemployment is one of the most serious social problem, which is a global challenge as well. The Adecco is organizing its fourth job fair entitled “Way to Work”...
Read more
Mobile payment from Telenor
Telenor’s mobile payment is based on the Cellum system. Telenor launched its own credit card, called MyCard, with which mobile banking services are available via the MyWallet smartphone app developed...
Read more
Magazine: Successful innovations in Europe and in the United States
Breakthrough Innovation, a Nielsen project in the USA examined the market performance of 17,000 new products between 2008 and 2012. Conducted with the leadership of senior Nielsen vice presidents Rob...
Read moreKSH: retail sales continued to rise in January
In January, retail sales rose by 7.7 percent, compared to the previous year – the Central Statistical Office (KSH) announced on Wednesday. Due to the post-Christmas sales the sales of...
Read more
Most of the shopping centers are open on Sundays
The vast majority of the domestic shopping centers welcomes the visitors on Sundays even after March 15 – the Association of the Hungarian Shopping Centers (MBSZ) told MTI on Wednesday....
Read more
MLE: the advertising tax causes competitive disadvantage for the domestic media businesses
At the National Economic Committee’s meeting, Lázár János Minister spoke about the European Commission’s infringement proceedings against Hungary, due to the advertising tax law, and about the expected outcome. The...
Read moreAccording to the research of UPS, the European e-shoppers want flexibility
Today, comScore Inc., a leader in measuring the digital world, and UPS, a global leader in logistics and transportation services, released the second UPS Pulse of the Online Shopper™ Global...
Read more
Russia bans Hungary’s poultry meat import temporarily
Russia temporarily banned imports of poultry meat and poultry products heat-treated at a temperature lower than 70 degrees from the whole territory of Hungary on Wednesday. The Russian Federal Veterinary...
Read more
