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Where are you going, world economy?

The world is afraid that the Fed will increase interest rates. In the Ukraine everything is the same. Europe is suffering because of the Russian sanctions. Europe’s flagship, the German...

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Vodka sales grew, pálinka sales dropped

Combined retail sales of the nine spirit categories amounted to more than HUF 40 billion in the December 2013-July 2014 period. Compared with the same period a year before, liqueur...

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The Christmas gift packages reached a nearly four billion HUF turnover at the end of 2013

The retail sales of Christmas gift packages containing medicinal products lotions, nonprescription medicines and health care products increased in value and in amount of in November and December last year,...

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The performance of agriculture has steadily expanded this year

The performance of agriculture has expanded this year even in spite of last year's high base. In 2013 the role of agriculture was determining in the economic growth, and this...

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KSH: the foreign trade surplus was 939 million euros in September

In September, the export value increased by 6.0 percent, while the value of imports increased by 5.5 percent compared to the same period of the previous year. The trade surplus...

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GFK: The fifth of the innovations becomes a successful mass-market product

Over the past three years, a total of 41 products and services won the “Product of the Year Award.” Most of the winners came from the fast moving consumer goods...

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How to be cautious when using the internet to buy for Christmas?

The popularity of online shopping is slowly but surely growing in Hungary. Most of these transactions are taking place during the Christmas shopping, due to the more and more appreciating...

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The average purchase price of corn and wheat decreased in November

In November, the Magro Grain Index (MGX) fell by 14 percent compared to the previous month. The inex that is showing the joint price movement of the Hungarian grains was...

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Better expectations after the summer worsening

In September the GKI-Erste economic sentiment index grew a little. Both consumer and business expectations improved a little. After a 3-month decline the industrial confidence index has been rising a...

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Hungarians consume 25 percent more pork in December

Hungarian people spend more on pork In December; instead of the usual 2 kilogrammes, they consume 25 percent more, approximately 2.5 kilograms per person – the Livestock and Meat Marketing...

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KSH: the detailed data also showed a GDP growth of 3.2 percent

The gross domestic product (GDP) was 3.2 percent higher than a year earlier in this year's third quarter. According to the seasonally and calendar adjusted data the GDP increased by...

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The confectionery market expects the same turnover as in 2013

The turnover of the Hungarian confectionery market last year was a little more than 180 billion HUF. The market players expect a similar amount this year is for the industry...

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The economic committee's proposals for tobacco retail act

In the future, the tobacco retail supplier can be selected by the relevant minister in three ways, the concession fee fows to thestate treasury – the the tobacco retail law’s...

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The consumer protection authority has started the Christmas controls

The consumer protection authority has started the controls associated with the Christmas season – Koszorús László, Deputy Minister of State of the Ministry of National Development (NFH), announced on Tuesday...

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An increase in retail sales in the EU

According to the Wednesday statement of Eurostat, the monthly retail sales grew by 0.7 percent in the European Union (EU) in October, after the 1.2 percent decrease of September. The...

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Chamber of Commerce and Industry: offensive behavior to keep the level of Russian exports

The Hungarian-Russian branch of the Hungarian Chamber of Commerce and Industry – MKIKI – suggests to the Hungarian government that with offensive behavior the level of exports to Russia can...

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Claessens Group-Agrár protects pigs with a lift

With support from the European Union, Claessens Group-Agrár Kft. invested HUF 2.3 billion in expanding its pig farm and stock in Kisbarátipuszta. Somogy County’s biggest livestock farmer spent HUF 1.7...

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The online cash machines have brought fifty billion HUF VAT

Roughly fifty billion HUF more VAT was received from those areas of trade, where black market trade was typical before – the Magyar Nemzet wrote. Pankucsi Zoltán, Deputy Minister of...

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Positive Change: New Effie Award for Sustainable Development

The Positive Change Effie was born in Davos and is the child of Effie Worldwide and the World Economic Forum. The Positive Change Effie awards the most successful brands that...

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The Nébih has launched a food security mobile application

The food security mobile application of the National Food Chain Safety Office (Nébih is available from 1 December. With the new mobile application called Nébih Navigátor, the consumers can effectively...

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An unending work beside the laboratory glassware

Ten thousands of plants are grown in flasks currently at one of the country's renowned micropropagation laboratory. The staff of NAIK is worling to provide high quality GMO-free but more...

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Christmas cloth collection for the benefit of the SOS Children's Villages

The Pólus Center is organizing a Christmas clothes collection for the benefit of the residents of the SOS Children's Villages. The donations can be delivered to the shopping center’s information...

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Moderate shopping fever during the first weekend of Advent in Vienna

The shopping fever was moderate during the first weekend of Advent in Vienna. According to the forecasts, lower sales expected this Christmas season than in last year. According to the...

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Tangible growth in people’s willingness to take out loans

The Deloitte-Scale Bank Index surveys consumer willingness to buy, save and take out loans. We learned from the latest edition of the quarterly index that consumers still tend to say...

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COOP’s refurbished website is the strategic pillar of the company’s digital communication

In the middle of August retail chain COOP launched its refurbished website. With the new layout and redesign the goal was to communicate price promotions and band innovation efficiently, and...

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Bank card payment – when buying from vending machines

Ingenico Group developed iSelf, a device which if integrated in vending machines makes card payment possible. iSelf can be used for contactless card payment, it can read magnetic strips and...

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Pessimistic French consumers

While the European average is 64 percent, 78 percent of French consumers think their country is in a state of economic recession. What is more, 74 percent of them reckon...

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The Superbrands and Business Superbrands Council reached their verdict

For the tenth time a panel of experts selected the best brands from the several thousand that is present in the Hungarian market – these brands have all earned prestige...

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GKI: economic growth will slow down next year

According to the forecast of the GKI Economic Research Institute, teh economic growth will slow further in the forthcoming quarters. The factors contributing to the growth so far – such...

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Safety in numbers: the pálinka of the year

2015 is the year of the apple! The distilleries of Hungary have joined forces this year, just kike in the previous years, to prepare the pálinka of the year, this...

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