Hegedűs said there is great uncertainty on the market and corporate IT investments are not expected to increase in 2010. However, he said he expected retail demand to start growing slowly next year.
Answering questions, he said the last quarter will be stronger than the other quarters, just as earlier. However, he said he expected demand to be down by a rate similar rate as in the first three quarters of the year.
Hegedűs said companies still had money to spend at the end of 2008, however, they have had to perform several cost cuts since then due to the crisis, which influences their intent to make purchase. He said the cost cuts are not over yet, companies will still have to implement austerity measures next year, which will affect demand for IT products. (MTI-Econews)

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Property tax hurts Hungary's used-car market
11:17, Feb 9 | The property tax on cars with engines of over 170 horsepower introduced on January 1 has had a negative impact on Hungary's used-car market, reducing the value of certain vehicle models by hundreds of thousands and even millions of forints, the daily newspaper Népszabadság wrote.Fed's Dudley: Financial reform needs global scope
09:23, Feb 9 | A revamp of the financial system needs to be global in nature to prevent a repeat of the worst financial crisis in some 70 years, a top Federal Reserve policy maker said on Monday.
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