News and articles
The use of the OTP Széchenyi Rest Cards increased at the end of the year
The use of the OTP Széchenyi Rest Cards increased sharply last December. The cardholders spent approximately one billion HUF more in the last month of the year than in December...
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Almost no inflation
Compared with October 2014, consumer prices grew by 0.1 percent in October 2015. Grocery prices rose 1.7 percent. Seasonal product prices augmented: potato, fresh vegetables and fruits cost 17.3 percent...
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Optimism at Europe’s Day in Commerce
The National Association of Entrepreneurs and Employers (VOSZ) organised its programme to celebrate Europe’s Day in Commerce for the eleventh time. László Krisán, president of VOSZ’s trade and service provider...
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Spaghettipizza – Video of the day
This totally kid-friendly spaghetti-pizza is a hit for everyone. Click here to watch videó…...
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GKI expects the slowdown to continue
According to a forecast by GKI Economic Research Zrt., the slowdown of the Hungarian economy, which started in Q2 2015, will continue. Economic growth was 3.6 percent in Q1 and...
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Magazine: Study trip done the MVI way
Between 8 and 10 October the Guild of Hungarian Restaurateurs (MVI) and Coninvest Kft. organised their 3rd study trip, this time to Austria, more precisely to Vienna and Salzburg. MVI...
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A new liquor company to start
The CBA-Baldauf Kft., the Lázár-Holding Kft. and the Alfa Investment Kft. launches a new liquor factory called AlcoWorld – hvg.hu wrote. The Alfa Investment Kft. will be the majority owner...
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KSH: the value of import increased significantly
In November 2015, the value of exports in euros increased by 6.5, and imports increased by 7.7 percent compared to the November of the previous year, while the monthly balance...
Read morePick Szeged broke into the Chinese market
Two Hungarian companies, Pick Szeged Zrt. and Pápai Hús Kft. received authorisation from accreditation authorities the AQSIQ and the CNCA to sell pork in the Chinese market. China is the...
Read moreBisnode: the number of companies continued to decrease
Company establishing mood is weakening in Hungary for the fourth consecutive year. As a result in 2015, 16 percent less, about 25 thousand new enterprises were established – the Bisnode...
Read moreBMI: normal year-end weakening
The seasonally adjusted value of the Purchasing Managers' Index (PMI) in December 2015 has become 49.1 points. The respondents, compared to November have reported less favorable developments caused by the...
Read moreGerman retail sales increased less-than-expected in November
German retail sales in November were smaller-than-expected – the German Federal Statistics Office, the Destatis announced on Thursday. In November German retail sales increased by 0.2 percent, compared to the...
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MasterCard introduced its smart fridge application
MasterCard on Tuesday announced Groceries by MasterCard, a service designed to work with Samsung Family Hub refrigerators shipping this spring. Samsung's newest refrigerators will include an Internet-connected display on the...
Read moreInternet shoppers have problems especially with clothing and electronic products
Those who buy on the Internet face problems mostly with clothing and technical products – Kriesch Attila, Director of the European Consumer Centre of the National Consumer Protection Authority told...
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Nézőpont: one and a half times more people are optimistic about the country's future
At the end of 2015, almost half (48 percent) of the Hungarians considered that year 2016 will be a good year for the country. In December 2014, only 34 percent...
Read moreThe VAT reduction increased Romanian retail sales
The volume of retail sales grew by 8.2 percent in Romania in the first eleven months of last year, compared to the same period of the last year – the...
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The NASA would grow potatoes on Mars
The experiment, led by the International Potato Centre (CIP) and NASA, is a step towards building a controlled dome on Mars capable of farming the hardy crop -the abc.net wrote....
Read moreA record number of Hungarian tourists visited Croatia last year
A record number of Hungarian tourists visited Croatia last year, more than 470 thousand Hungarian guests spent more than 2.5 million nights in Croatia in 2015 – the Croatian National...
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Henkel glues Tut Ankh Amun’s beard
This news went around the world: The beard of the world-famous, more than 3,000-year-old golden mask of Tut Ankh Amun fell off during a cleaning procedure and was hastily glued...
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Holes in retail’s boat
According to a survey conducted by Business Insider, sales of major players in retail such as Macy’s and Nordstrom are slowing down and this reduces the value of company shares...
Read moreWhat people do to grab a shake?! – Vide of the day
It's hard to tell whether the ad of Steak'n'Shake is a hint of irony or the reflection of the average citizen's soul while running to catch the last minute of...
Read moreAnalysts say that growth may continue in retail trade
According to the first estimate of the Central Statistical Office, published on Thursday the volume of retail sales in November 2015, increased by 4.8 percent according to the raw data...
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Food-retailing grew by four percent both in value and volume
Food retail trade achieved a turnover of around 1,540 billion HUF between December 2014, and November 2015 in the ninety product categories measured by Nielsen; 4 percent more than during...
Read moreKSH: retail sales increased by nearly 5 percent in November
The volume of retail sales in November 2015 increased by 4.8 percent according to the raw data and by 4.4 percent according to the calendar adjusted data, compared to the...
Read morePork: monitoring system monitors the effects of the VAT reduction
The Ministry of Agriculture (FM) is operating a monitoring system to check whether the result of the VAT reduction in January will result in cheaper pork in stores – agrarszektor.hu...
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The producer price of eggs continued to decline
After the eight percent drop in November, the producer price of eggs continued to decline in recent weeks, now barely exceed 20 HUF apiece – the Magyar Idők wrote onThursday....
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The Győri Audi ETO and the Hajdú sajt starts a competition for the handball fans
The Győri Audi ETO handball club strenghtens with a new sponsor, with the internationally known Hungarian food brand, the Hajdú sajt. Fotó: www.gyorietokc.hu The cooperation starts with a recipe contest....
Read moreLondon analysts: global economic growth is slowing
London financial analysts say that the global economic activity is slowing, but last year's year-end data still indicates a decent growth. The latest JP Morgan-Markit global services PMI gauge slid...
Read moreThe Eu retail sales rose, while a decrease occured in the euro zone
The volume of retail sales decreased in the euro area in November, compared to the previous month, but rose slightly in the European Union. The EU's statistical office (Eurostat) on...
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The European Consumer Centre can help in case of complaints against foreign companies
In case of complaints against foreign companies, one can ask for free personalized, professional and legal assistance. Over the last 10 years, the ECCs received more than 650,000 requests for...
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