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Press and News

28 June, 2001
Report: Online Auction Spending Hits Record Level

Although and Yahoo! have worked aggressively to make their auction offerings competitive with eBay, both sites were dwarfed by the sector leader."E-Commerce Times

27 June, 2001
Survey: Research Options Push Online Spending

One surprising finding in the Yahoo!/Nielsen survey was that 'convenience was not a primary motivator' for online purchases."E-Commerce Times

26 June, 2001
Study: E-Commerce Drives Internet Services Spending Forward

Driven by the dot-com downturn, the Internet services market has been in a state of change and turmoil in recent months."E-Commerce Times

11 June, 2001
What Are Failed Dot-Coms Worth Now?

"E-commerce firms are finding that there is often a bargain to be had when a dot-com hits bottom and its assets and domain name are put up for sale.
The fact that eToys was failing might have been the worst-kept secret in business history. The e-tailer put up more than one smoke signal indicating that it needed cash or a buyer really soon. Nevertheless, eToys was unable to find a buyer or savior willing to pay a price that would satisfy eToys shareholders. Yet within weeks of its bankruptcy filing, much of what was once eToys was sold. In fact, the eToys domain name is back in business, now directing surfers to, the online arm of the Pittsfield, Massachusetts toy retailer."E-Commerce Times

07 June, 2001
Hungary: Digital signature law passed

"Hungary has approved digital signature legislation which could take effect later this year, according to the Budapest Business Journal Last week Hungary passed an e-signature law, which will take effect later this year. It will give e-signatures the same legal status as those on paper and allow companies to file their tax returns, channel customs payments and conduct other exchanges through the Internet. There will no longer be a need for Internet-based transactions originated in Hungary to be backed up by a physically signed contract."eBusinessforum

31 May, 2001
Hungary: Telecoms firms lobby for changes to planned law

"According to Business Eastern Europe, a publication of the Economist Intelligence Unit, telecoms firms are engaged in last-minute lobbying to amend a new law regulating liberalisation of the telecoms sector
Hungary is poised to pass a new law regulating the liberalisation of the telecommunications sector, which is slated to begin at the start of next year. If approved, the law will provide the framework and guidelines for all telecoms, broadcasting, programme distribution and postal activities in the country. With an estimated Ft800bn-1trn ($2.7bn-3.4bn) in annual revenues at stake, incumbent investors are lobbying hard to protect their investments from competitors, while newcomers are pushing to break the market wide open."eBusinessforum

15 May, 2001
"Traffic World: Prospects for e-business in developing countries
Key points:
-"Technology in developing countries is very far behind the US and other more developed countries, making it difficult to transport goods into and out of those countries"
-Shippers who are interested in doing business in a developing country should go there and meet face to face with those they'll be dealing with
-Much of the speed of change has to do with politics
Developing countries want in on global e-business, but shippers remain wary, reports Traffic World, the logistics weekly of the Journal of Commerce Group."eBusinessforum

14 May, 2001
Eastern Europe: DSL takes root

According to Pyramid Research, the telecoms advisory service of the Economist Intelligence Unit, CEE operators are embracing ADSL technology to protect fixed-line dominance and market share
With liberalisation on the horizon, Central and East European (CEE) operators are jumping on the asynchronous digital subscriber line (ADSL) bandwagon to protect fixed-line dominance and market share, while alternative operators look to the technology to break into the local loop. Indeed, ADSL is the only technology that lets a fixed-line incumbent upgrade its existing network while fending off competing technologies such as fixed wireless and cable modem. At the same time, provided there is entree to the incumbents' exchanges--a very big if, since no regulator in the region has begun to tackle local-loop unbundling--challengers can use ADSL to launch fixed network services quickly to homes and businesses. For the immediate future, however, incumbents will make the greatest use of this copper-enhancing technology."eBusinessforum

09 May, 2001
Hungary: B2C e-commerce just getting started

"E-commerce in Hungary is nascent. Obstacles to take-up include low Internet penetration, lack of online payment choices and a dearth of reliable delivery services, reports Country Commerce,a publication of the Economist Intelligence Unit.Though strong growth is expected in the coming years, B2C e-commerce in Hungary is still in an embryonic stage. The barriers to take-off include low Internet penetration, lack of online payment possibilities and a paucity of reliable delivery services. Transactions are dominated by information technology products, home appliances, music and books. According to Carnation Research, B2C turnover reached Ft243m in 2000; it expects the total to reach Ft778m in 2001."eBusinessforum

08May, 2001
The Economist Intelligence Unit/Pyramid Research e-readiness rankings

Key points:
-Australia comes second only to the US in "e-readiness"
-Business agility and smart policy trump size and wealth
-North America and northern Europe are the most e-savvy regions
-Emerging markets rank lower but still offer pockets of e-business promise
New rankings from the Economist Intelligence Unit and Pyramid Research showcase the importance of smart government policy in promoting e-business
Dotcoms are in their death throes and NASDAQ has plummeted, so global e-business must be in trouble, too? Hardly. Just as far-sighted companies are pushing ahead with e-business initiatives (though now with more emphasis on cost-cutting efficiencies), so countries are continuing to embrace the Internet as an ideal conduit to the global marketplace. For many, indeed, e-business represents a chance not only to connect with the rest of the world but also to catch up."eBusinessforum

05 May, 2001
Hungary: e-commerce

Rapid growth in e-commerce is expected on the consumer side in Hungary in the coming years, although from a very low base. Carnation Consulting estimates total e-commerce turnover in 1999 at Ft165m (about $700,000). This is divided into Ft84m on the consumer side and Ft81m from B2B. Turnover is expected to grow to Ft440m in 2000, Ft975m in 2001, and Ft2.22bn in 2002. The top five websites captured 65% of the Ft290m Internet advertising market in 1999, according to Carnation.
The number of Internet users is expected to grow by a yearly average of 27% over the next five years, IDC forecasts. Elender, a subsidiary of America s PSINet, believes its subscriber base will grow from 29,000 to 48,000 over the course of 2000. Nextra, owned by Norway's Telenor, plans 175% revenue growth for the year."eBusinessforum

05 May, 2001
Hungary: key issues

-High per-minute local telephone charges have discouraged Hungarians from using the Internet at home. The OECD recently reported that Hungary had the highest dollars-per-minute prices of any member country for Internet access, with 20 hours of access in peak hours costing an average of $120 per month.
-A truly competitive telecoms market has yet to emerge in Hungary, although expected further market liberalisation over the next two years will produce healthy rivalries to Matav's dominance in voice and data services. Price and service competition will encourage more users--especially price-sensitive consumers--to go online

04 May, 2001
IDC Research: PC sales buoyant in Central and Eastern Europe

Key points:
-Russia accounted for 39% of the total
-Growth in the PC market was primarily driven by SMEs
-Compaq led the PC market in the region
According to IDC Research, summarised by Nua Internet Surveys, PC sales in Central and Eastern Europe were brisk in 2000
The PC market in Central and Eastern Europe grew 12.5% in 2000, reaching an overall value of $3.83bn, according to IDC.eBusinessforum

01 May, 2001
Business Central Europe: The e-commerce revolution in Central Europe

Key points:
-The effects of the technology slump have been limited in Central Europe
-One area where Central Europe is well placed to benefit is software development
-Central Europe's economies are just beginning to be integrated with the global economy, so supply chains are still fluid
-Few companies in the region use their websites to make transactions
Written by Jason Bush, with Pierre Janiszewski and Eric Johnson
The e-commerce revolution was overhyped. Nevertheless, the Internet is here to stay, and it's quietly changing the way firms work, reports Business Central Europe, a publication of The Economist Group.eBusinessforum

19 April, 2001
Europemedia: One in eight Hungarians has net access

Key points:
-Well-educated men in their twenties who live in Budapest is the demographic group that uses the Internet most heavily
-More young Hungarians use the Internet than read newspapers and magazines"eBusinessforum

18 April 2001
European eCommerce -- Size Does Matter

Europe's more than 19 million small- and medium-size enterprises (SMEs) -- companies with fewer than 250 employees -- comprise roughly 99% of the total number of businesses in Europe, according to a recently released European Commission report. In the aggregate, these smaller ventures generate a substantial share of Europe's GDP, jobs, and business innovations. However, only 70% of these companies have any internet access, and an even smaller percentage use the internet actively as a business tool."eMarketer

12 April, 2001
Hungary: Government presents radical telecoms law

The Hungarians have put forward a radical new telecoms bill, reports Business Central Europe, a publication of The Economist Group
Wonders never cease. After churning out 12 increasingly soft drafts of a new telecoms law over the past year, the Hungarian government has finally presented Parliament with a radical bill to open up the sector to full competition in January 2002. And the entire industry is up in arms."eBusinessforum

9 April, 2001
KPMG: E-strategies remain on the back burner in Hungary

"Only one in four big Hungarian companies says it has modified its business model to accommodate a detailed e-strategy, according to new survey from KPMG's Budapest office that is summarised in Business Operations Report, a publication of the Economist Intelligence Unit
Most businesses have yet to draw up a comprehensive, integrated e-strategy. And only one-quarter of Hungarian companies surveyed have implemented strategies to take account of the business potential of e-commerce, according to a "Net Readiness" report released in early February by the Budapest arm of corporate services company, KPMG."."eBusinessforum

18 March, 2001
A biztonság hiánya gátolja az e-commerce fejlődését

"A múlt év végén hetente átlagosan tíz internetes vállalkozás fejezte be működését, és elemzők szerint a folyamat 2001-ben sem vesz jelentős fordulatot. A csődök legfontosabb oka, hogy a fogyasztók nem tartják eléggé biztonságosnak az interneten kereskedést."Figyelo

February 13, 2001
Hungary's Healthy eOutlook

"Hungary is experiencing healthy economic growth that makes it a strong contender for accession to the European Union. Since the dismantling of its centrally planned economy over 85% of the economy has been privatised, according to US Government sources. Foreign ownership of (and investment in) Hungarian firms is widespread. Hungary's GDP per capita of $5,830 compares favourably to Poland, the Czech Republic, and Russia, and is expected to grow 5% in 2001, according to the Economist Intelligence." eMarketer

February 6, 2001
New Economy - revival from ashes

"It is quite common today, that the former apostles of the New Economy have the chance to report about every dotcom bankruptcy and downsizing measures. Needless to say, a substantial theoretical background is provided by those economists, according to whom, the New Economy cannot be dead, as it had never existed." Dotkom Internet Consulting (In Hungarian)

January 25, 2001
Hungarian Version of to be released, Gothenburg, Sweden, the global Internet marketplace for the transport & logistics industry and its clients, today announced that a Hungarian version of will be released Friday this week. Local language versions of the website is part of CargoNow's overall strategy to provide a localized, global product for the logistics community.
CargonNow's Partner for Hungary, CeWeb Consortium, has been actively involved in the translation project. Three privately owned Hungarian companies founded CeWeb at the end of 1999: Műszertechnika Inc., Videoton Corp. and Gamax Ltd. The three companies employ some 18,000 people and have combined annual revenue of approximately USD 300 million. CeWeb's core business is to represent and market successful Internet companies in various industries in the Eastern European market.
Official CargoNow news release

January 2, 2001
E-tail Trends Saw Shift in 2000

"The survey found that 45 percent of online Americans used the Net to look for holiday gifts, but only 24 percent actually made purchases online." eCommerce Times

December 22, 2000
Obstacles and Drivers of the European B2C Market

"A wide range of factors influence the business-to-consumer (B2C) market, from the availability of infrastructure and the cost of getting online, to real and perceived benefits of online shopping. These variables differ dramatically from region to region, as well as from country to country within Europe." eMarketer

December 13th, 2000
Press Conference

Announcement of the launch of in Hungary, represented by CeWeb Kft. The service will be available starting from January 2001 under the address.

Continental Divide

"Conventional wisdom among research firms is that Europe is a couple of years behind the US in internet penetration and e-commerce levels. The assumption is that Europe will catch up or perhaps leapfrog ahead of the US through wireless technology. But recent data suggest that not only is the digital divide real, but on certain key indicators - IT investments and host counts - the gap between the continents may be growing, not closing." eMarketer

November, 2000
Announcement of the official representation partner contract between and CeWeb Ltd.
CeWeb Ltd has announced a partner contract with, to represent the company in Hungary., formerly known as LSXS.COM, is an Internet based global marketplace that connects transport & logistics providers with companies that purchase such services. Its objective is to help its members optimize their logistics solutions and create new business opportunities. acts on a completely neutral basis and has exclusive Partners all over the world, actively promoting the product in their regions. The product developers of CargoNow have extensive experience in the transport & logistics industry, and the first version of the website was released in June 1998. CargoNow strives to do the utmost to meet its customers needs and to be a forerunner in its field. Therefore, CargoNow is truly committed to product development. In August 1999, the 3rd version of website was released. offers a broad variety of services and it covers all modes of transport on a global basis in real-time. It is presently available in English, German, Spanish, Swedish, Italian, and Hungarian. CargoNow also provides customized Intranet versions of and participates in various global logistics projects. is the trademark of LSXS AB (publ).

October 15, 2000

"10 Million HUF government subsidy for Hungarian Linux users" Index
(in Hungarian)

October 15, 2000

"Small business, big risk" Számítástechnika
(in Hungarian)

October 14, 2000

"EU gives the green light to Vivendi-Seagram fusion" Index
(in Hungarian)

October 13, 2000

"Back to Earth - Tech companies are failing to deliver on promises of high growth. Investors are tired of waiting." The Standard

October 2, 2000

"B-to-B Buying Picks Up Speed" The Standard

September 19, 2000
Videoton led consortium launches incubator house.
The CeWeb consortium, set up jointly by Videoton Holding, Műszertechnika, and Gamax Kft, officially opened an incubator house on Wednesday. CeWeb is expected to support five Internet start-up companies with annually HUF 100 million, MTI reported on Wednesday. CeWeb was set up in September to promote the spread of Internet-based business solutions and aims to take a large stake in the Central-European e-business market, CeWeb's director for developments György Kemény added. The CeWeb consortium was set up with HUF 21m registered capital, with equal contributions from the three founders, and operates as a limited-liability company.

July 31, 2000
Hungary Hopes to Lead Eastern Europe's Tech Boom

These days, Hungary is hoping to become a catalyst for the region's high technology industry, by enacting measures aimed at addressing the lack of technically-trained people, and the "brain drain" that is causing many of the country's brightest minds to leave for greener financial pastures. Business.2

June 1st, 2000
Kemény joins the company
György Kemény joins the company as director of Business Development. Kemény has received his degree from the Eötvös Lóránd University, in Mathematics in 1995. He has worked for five years at Andersen Consulting as a senior strategic and business process consultant. At CeWeb he is responsible for the coordination of business development, negotiating with prospective international companies, seeking out new funding opportunities, and evaluating applications submitted to the iHouse.

May 7, 2000
"Western and Eastern Europe will account for about a third of all Internet users in 2005." The Standard

May 1, 2000

Hungary called 'Silicon of the East' Christian Science Monitor

April 17, 2000

Online Advertising Online Advertising Market Forecast for Hungary (in Hungarian; scroll down to see chart)

April 4, 2000 - Hungarian GDP grows 5.9 percent in fourth quarter The Hungarian GDP grew by 5.9 percent in the fourth quarter of 1999, bringing the total GDP growth in 1999 to 4.5 percent, according to the Central Statistics Office. The fourth quarter figure was the highest quarterly economic expansion since the fall of communism. The country's GDP at the end of 1999 amounted to Ft 11.5 trillion ($43 billion).

April 17, 2000

"The framework for successful online growth is already there." Esther Dyson on Central Europe

December 18, 2000
Hungary: Free Internet makes a foray into country

In the first week of December, two ISPs announced the launch of free Internet services in Hungary, reports Pyramid Research, the telecoms advisory service of the Economist Intelligence Unit. eBusiness Forum


28 June, 2001
Report: Online Auction Spending Hits Record Level

Although and Yahoo! have worked aggressively to make their auction offerings competitive with eBay, both sites were dwarfed by the sector leader."E-Commerce Times ...

27 June, 2001
Survey: Research Options Push Online Spending

One surprising finding in the Yahoo!/Nielsen survey was that 'convenience was not a primary motivator' for online purchases."E-Commerce Times ...

26 June, 2001
Study: E-Commerce Drives Internet Services Spending Forward

Driven by the dot-com downturn, the Internet services market has been in a state of change and turmoil in recent months."E-Commerce Times ...

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