News and articles

KSH: Hungary's growth of export slowed down in July

According to freshly published data by Central Statistics Officer(KSH), hungary had a €241 million trade surplus in July 2010, well down from a €564 million surplus in June and a...

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The counterfeit goods caused 900 billion USD damage this year

The “counterfeiting industry” is dynamically growing in the world: the damage done is 900 billion USD this year, compared with the 250 billion USD of 2007 – said Simándi Andrea,...

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Expensive grapes might lead to the popularity of cheap low-quality wines on the market

One kilogram of grapes costs 70-90 HUF this year, whereas previously this number was never more than 40 HUF. This deplorable situation might lead to the spread of low-quality import...

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Auchan won't expand in the close future

Even though Auchan possesses more than five 30-50 hectares unbuilt real estates all over Hungary, but the company is planning to launch big constructions only after the recession is over....

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Online Shop to open by Est Media Group

The online shop estkönyvek.hu was launched on 30th September by Est Media Group Ltd (EMG) and KÖNYVLABOROK Ltd, based on the contract signed on 29th June. The testing of the...

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The casino-business is not an attraction to investors

French hotel group Accor said on Wednesday it was withdrawing its offer to sell its 49 percent in Lucien Barriere after the initial public offering did not attract enough interest...

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Tesco Bróker to be launched tomorrow

Clients can open stock accounts and also long-term investment accounts free of charge at the Tesco stores from Friday on. The website tescobroker.hu will run sales and purchases. Tesco Bróker,...

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Retail World Congress in Berlin

During the three days of the event, more than 130 lecturers will show an overview of the post-crisis retail situation, between October 25-27, in Berlin. How the reatil can respond...

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GKI: next year the Hungarian economy will increase by only 2.5 percent

The conditions of economic growth are worse than previously assumed, therefore, the GKI Economic Research Co. decreased next year’s growth forecast, from 3 percent to 2.5 percent. This year’s forecast...

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Europe's most valuable brands

According to the recently published study of Eurobrand; Louis Vuitton is the most valuable brand in Europe. Globally, Coca-Cola still is in the lead, while in Hungary the Túró Rudi...

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Auchan’s own branded food products to come

This year, Auchan introduces nearly 400 new own branded mainly Hungarian products in the food sector. The company this year, introduces nearly 400 new products in the food sector, and...

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The Ministry of National Resources would increase the excise tax of alcohol and cigarette

The State Secretary of the Ministry of National Resources, responsible for health issues, would create additional sources for health care from the excise tax of alcohol and tobacco. After the...

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The business sector is confident in the euro area

The business sentiment has improved in the euro area in September – said the European Commission on Wednesday. In regular monthly assessment, the Brussels-based body points out, that the overall...

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The KDFSZ objects the reduction in real wages of the Tesco workers

Tesco in response of the statement of KDFSZ today announced: the chain implemented a wage increase even though the majority of the players in the sector did not increase the...

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The best known winemaker of the Great Plains cuts out his grapes

One of the best known winemaker of Csongrád County cut out his grapes. Somodi Sándor of Ásotthalom told to Délmagyarország, that viticulture is not worth, but he still continue to...

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The OMV-cafes celebrate the International Coffee Day

The VIVA cafes of the OMV filling stations celebrate the International Coffee Day for the second time on the 1st of October. On the 1st of October, on the occasion...

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The Hungarian leader of the European food committee denies the allegations

Bánáti Diána, the Director-General of the Central Food Research Institute (KÉKI) denied to MTI on Wednesday that she lobbied for genetically modified (GM) plants. Bánáti Diána, rejects the allegations which...

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Further milk price increases

From the 1st of November, the price of milk and dairy products may increase again, because on the spot market a growing demand occured for raw milk – said Mélykúti...

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The date of durability on foodstuffs will be uniformed

After one and a half-year transitional period, the date of durability on foodstuffs will be uniformed. Only the day / month / year order will be valid. The change in...

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GfK: 135 billion HUF on clothing

In the first half of this year, 135 billion HUF was spent on clothing by the Hungarians, six percent less, compared to the previous year. Fewer people are buying clothes,...

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The Corvin Promenade became Europe's best urban project

The Corvin Promenade won Europe's best mixed-purpose estate project award at the professional contest of the International Property Awards and the Bloomberg Television. The 100 percent Hungarian-owned Futureal Group won...

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More than half of the Hungarian companies are considered as risky partners

According to Coface credit insurer; More than half of the Hungarian companies will continue to be explicitly, or moderately risky business partners. This ratio is persistently higher than the regional...

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Aged wine stocks decrease

The mountain village of Szekszárd, expects a decrease in aged wine stocks, after in this year is is expected to be less grape harvested in the Szekszárd wine region. In...

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Western Transdanubian tourism may accelerate

Travel industry professionals arrived to Western Transdanubia for the first time from Romania, Bulgaria and Poland, where they could become acquainted with the opportunities and the capabilities of the region....

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German consumer sentiment is on its three-year peak

Thanks to the continuation of economic recovery, declining unemployment and a moderate decline in prices, the German consumer sentiment improved in September, exceeding the expectations. According to the GfK market...

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One million HUF fine for Lyoness

The Competition Authority fined Lyoness for one million HUF, because Lyoness did not fully informed the customers. Lyoness had not given full informations in three paid commercial appearances in the...

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The ministry would reduce the VAT of food products

The Ministry of Rural Development proposes the VAT reduction of basic foods and cereal products – informs the Ministry of Food and Supervision Secretary of State in Bak, Zala County....

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Bread prices may rise permanently

In a few months white bread prices may rise up to 30 percent. By the end of the year, around 300 HUF should be paid for a kilogram. The price...

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The EU votes on sugar-free fruit juices

The European Union would ban sugar from the fruit juices. They would also regulate, that the juices made of concentration could not be marketed as 100 percent fruit juices. In...

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Hungaria 55: This number represents the Hungaria champagne brand in 2010

The Hungaria champagne brand, that was founded in 1955, is celebrating its 55th birthday this year. On this occasion, the Hungaria Champagne winery created the Hungaria 55 brand, a champagne,...

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