AKK deputy chief gives positive assessment of bond auctions

There were no problems with the financing of Hungary's state debt and government bond auctions were successful, Borbély says.
FinanceTuesday, 15:50 March 27., 2012 Read more

Hungarians think twice before spending

Retailers hope that Hungarian consumers will go shopping more often and spend more once the early mortgage repayment period ends. After four years of decline, the volume of retail sales stagnated at HUF 7.9 tln in 2011. 
BusinessMonday, 16:20 March 26., 2012 Read more

Hungary retail sales up 0.2% in 2011 as rise picks up in December

The last time when retail sales grew was in 2006.
BusinessFriday, 13:40 February 24., 2012 Read more

Spar Magyarorszag to get new board chairman

Managing director and chairman of the board Peter Feiner of retailer Spar Magyarorszag Kereskedelmi is resigning on March 1, the company told MTI on Tuesday.
BusinessTuesday, 13:35 January 31., 2012 Read more

Hungary retail vehicle leasing market contracts to ten-year low

Hungary's retail vehicle leasing market shrank to less than HUF 100bn in 2011, reaching a ten-year low, Lombard Leasing Group said on Friday.
BusinessFriday, 14:40 January 27., 2012 Read more

IKEA sales in Hungary climb almost 5% in 2010/11 business year

The Hungarian unit of Swedish home furnishings company IKEA had revenue of HUF 33.77bn in its business year ended August 31, up 4.8% from the previous business year, IKEA Lakberendezesi said on Friday.
BusinessFriday, 16:00 January 20., 2012 Read more

Lidl to launch mobile services in Hungary

German discount chain Lidl is launching mobile telecommunications services in Hungary, daily Nepszabadsag said on Wednesday, citing the website hwsw.
BusinessWednesday, 13:55 January 11., 2012 Read more

Hungary retail food sales edge up 4% - Nielsen

Retail food sales in Hungary rose 4% in value terms in the twelve months to last November from the previous twelve-month period, market research company Nielsen told MTI on Tuesday.
EconomyTuesday, 15:15 January 10., 2012 Read more

Weak forint strong incentive for Slovak shoppers

As the forint slipped to record lows against the forint last week, Slovakians flocked across the border to do their shopping in Hungary, Hungarian language Slovakian daily Uj Szo said on Monday.
LifeMonday, 13:40 January 9., 2012 Read more

Online retailer Bookline will change name to Shopline

Shareholders of online retailer Bookline.hu on Thursday decided to change the name of the comapny to Shopline to better reflect its broader offering of products.
BusinessFriday, 11:40 January 6., 2012 Read more

Porsche Hungaria sees new vehicle sales reaching 18,700 in 2011

Porsche Hungaria expects to sell 18,700 new vehicles this year, managing director Janos Eppel said at a press conference on Tuesday.
BusinessTuesday, 17:00 December 13., 2011 Read more

CBA eyes Louis Delhaize stores in Hungary - paper

Hungarian-owned supermarket chain CBA would be interested in buying the Louis Delhaize group’s stores in Hungary if the Belgian company were to offer them for sale, daily Magyar Nemzet said on Tuesday.
BusinessTuesday, 13:30 November 8., 2011 Read more

Poli-Farbe to establish chain of independent paint stores

Hungarian paint maker Poli-Farbe is launching a network of independent, Hungarian-owned retailers under the aegis Pannon Paint Network, Poli-Farbe told MTI on Thursday.
BusinessThursday, 15:25 October 27., 2011 Read more

Competition office fines Aldi Magyarország

The competition office (GVH) has fined Aldi Magyarország Élelmiszer Bt HUF 15 million for unfair business practices, GVH told MTI on Wednesday.
BusinessWednesday, 17:10 October 26., 2011 Read more

Praktiker Magyarország revenue falls 10% in Q3

German do-it-yourself chain Praktiker's revenue in Hungary fell 9.8% to €30.6m in the third quarter from the same period a year earlier, Praktiker Magyarország told MTI on Wednesday.
BusinessWednesday, 15:35 October 26., 2011 Read more

Brands.hu says sales set to double in 2011

Hungary's Brands.hu, a designer label membership shopping site, expects sales to reach HUF 700m in 2011, double last year's, managing director Péter Weiler said on Tuesday.
BusinessTuesday, 15:35 October 25., 2011 Read more

Aldi plans to open 10-15 new stores in Hungary a year – Napi Gazdaság

Discount retailer Aldi plans to open 10-15 new stores per year in Hungary in the coming years in order to strengthen its position in the capital and other major cities, increasing the number of its units to over 110 in three years, business daily Napi Gazdaság said on Monday.
BusinessMonday, 11:25 October 24., 2011 Read more

DM Drogerie Markt Hungary revenue edges up in 2010/11 business year

The Hungarian unit of German-owned cosmetics and household chemicals retailer DM Drogerie Markt had turnover of €225m in its business year ended September 30, up 3.5% from the previous business year, managing director Wolfgang Strasser said at a press conference on Thursday.
BusinessThursday, 13:50 October 20., 2011 Read more

Niches electrify e-commerce

Although market conditions for online retailers are favorable, the pace of growth has slowed in the past year. Turnover continues to increase, but most of it is generated by the same players.
BusinessThursday, 08:30 October 20., 2011 Read more

ECE to start building second phase of Árkád centre in Budapest

ECE Budapest has started the construction of Árkád II, the second phase of its Budapest shopping centre, managing director Gyula Gyalay-Korpos told the financial daily Világgazdaság on Wednesday.
BusinessWednesday, 11:25 October 19., 2011 Read more

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