Retail food sales in Hungary witnessed a 4% inflation in the period December 2010 - May 2011, Hungary Around the Clock reported, quoting an analysis of market research company Nielsen conducted over ninety food groups. Due to the price hike, the total value of sold food reached HUF 640bn (EUR 2.42bn), although their volume remained unchanged. The sales of cheese, fruit yoghurt, cream, cooking oil and butter rose above average. Two-thirds of the sales were generated in bigger shops (over 400 square meters). Nevertheless, purchases in both big and small shops increased over the observed six-month period. |
Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more
The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more
The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more