News and articles
Prices may grow with a higher extend than the rate of the VAT increase
Date: 2011-09-21 13:00:16
The Friday announced VAT increase would justify a 1.6 percent price increase, but previous experience has shown, that the majority of firms raises the prices higher than the rate of...
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Tesco and Vodafone established a joint company called Tesco Mobile
Date: 2011-09-21 12:50:52
The joint venture was formed with half-scale ownership among Vodafone Hungary and Tesco Stores Ltd. to provide mobile services – the two companies announced at a press conference in Budapest...
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Hong Kong is the world's freest economy Hungary is the seventeenth
Date: 2011-09-21 12:50:48
Similar to the previous years, Hong Kong proved to be the world's freest economy again. The United States is the tenth, Hungary is the seventeenth on the list of the...
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Univer Product expect revenues similar to last year
Date: 2011-09-21 12:20:44
The management of Univer Product Zrt. calculates with revenues similar to last year, when the company's revenue was 15.1 billion HUF – announced Molitórisz Károly, CEO of the company at...
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The beer importer Belgaco Kft. forecasts revenue growth
Date: 2011-09-21 12:19:45
The Belgaco Kft. is Hungary's largest importer of Belgian beer. The company this year expects a 20-25 percent revenue growth, compared to the previous year. For this year, 10-15 percent...
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The Wine Wednesday promotes high quality Hungarian wines
Date: 2011-09-21 12:10:47
More than a hundred restaurants and wine shops to promote quality Hungarian white wines and the wine drinking culture at this year's first Wine Wednesday on Wednesday, the 21st of...
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Online auction from the Tesco
Date: 2011-09-21 11:59:31
The chain auctions the fixtures of its domestic stores, in a value of about three hundred thousand euros. The stores are constantly being developed, so expectations are high – said...
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Chinese super rice broke world record
Date: 2011-09-21 10:10:15
The Chinese hybrid rice called super rice broke its own world record with 13.9 tons per hectare yield this year. The DH2525 hybrid rice brought a record amount of 13.9...
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More cereal grown on a smaller area this year
Date: 2011-09-20 13:15:24
In Hungary, 5.7 million tons of cereal was harvested in 2011, 8 percent more than in 2010, and on a 5 percent less area than last year on 1.4 million...
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The EU Food Aid Program continues
Date: 2011-09-20 13:00:28
In the scope of the EU Food Aid Program, the aid agencies that already have a signed contract wit the for Agricultural and Rural Development Agency (MVH) continue the delivery...
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ZEW index: German business sentiment deteriorated further
Date: 2011-09-20 12:55:17
In August, the German business sentiment index, decreased to -37.6 points, from the -15.1 points of July – announced the Mannheim-based European Institute for Economic Research (ZEW). Analysts forecasted a...
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Warm food shop from the Shell-shops
Date: 2011-09-20 12:05:11
Shell strengthens its place in the competition with the renewal of its filling Station's shops. The Anglo-Dutch group's European Vice President, Kapitány István, however, is also confident that due to...
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Nearly three hundred Italian bakery products exist
Date: 2011-09-20 12:04:27
In Italy, more types of bread produced than pastas: the bakery products were counted and found that there are nearly three hundred of them. Half of the Italians consider bread...
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Russia would ban foreigners from retail trade
Date: 2011-09-20 12:00:23
The Russian government plans to ban foreign citizens from retail trade including markets, from the 1st of January 2012. According to the draft regulation; foreign cititzens are not desirable for...
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Rice dessert was a relative winner on the contracting market
Date: 2011-09-20 11:24:46
Data by GfK Hungária indicate that reduced spending by households had a negative effect on the dairy snacks market: families bought 10 percent less cooled dairy snacks in the first...
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Environment -conscious World Week began
Date: 2011-09-20 09:17:50
An environment-conscious wordweek has begun on 19th September which will last until 23rd September, with more than 26 countries involved, all over the world by Hungary Green Building Council. You...
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The company responsible for the Hungarian red sludge tragedy has received a record penalty
Date: 2011-09-20 09:10:21
The Directorate of Environmental Protection and Water Management for Central Transdanubia has imposed a fine for infringement of waste management regulations of around HUF 135.14 billion (470 million euros) on...
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Romania: drastic decline, in line with consumption trends
Date: 2011-09-20 01:04:56
In Romania the number of completed transactions in the retail sector dropped from 15 to 6 in the first eight months of 2011. Consumption growth practically stopped: retail sales will...
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Slovakia: few transactions, enterprise-friendly environment
Date: 2011-09-20 01:03:42
In Slovakia the number of completed transactions in the retail sector doubled, from 1 to 2 in the first eight months of 2011. Statistical data indicate a slowing down in...
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Poland: fewer transactions but growing retail sales
Date: 2011-09-20 01:01:40
In Poland the number of completed transactions in the retail sector fell from 5 to 3 in the first eight months of 2011. Rather surprising data, considering that retail statistics...
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Latest merger trends in the retail sector in our region
Date: 2011-09-20 00:59:41
Experts at PwC Retail & Consumer (R&C) analysed the performance of countries in Central and Eastern Europe in terms of M&A transactions, plus highlighted characteristic M&A trends in the food...
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Staying in the game
Date: 2011-09-20 00:58:03
Small and medium-sized retail enterprises have to compete with many others every day, in order to keep their customers. Consequently, it is great help for them if orders can be...
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Cross of Merit
Date: 2011-09-20 00:55:37
On 20 August Eszter Vágóné Balla, together with other two colleagues from Coop was decorated with the Gold Grade of the Cross of Merit of the Hungarian Republic. The CEO...
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Alföld Pro-Coop Zrt. strengthens its fresh product segment
Date: 2011-09-20 00:55:31
Domestic retail is stricken by economic difficulties, less money in consumers’ pockets and weakening purchasing power. Coop reacted to these trends by not surrendering: they carry on with the modernisation...
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Majority of Hungarians are not against receiving ads in e-mail
Date: 2011-09-20 00:53:23
Hungarians have a more favourable opinion of receiving online advertisements via e-mail than the European average – revealed a 55-countrey survey conducted by Nielsen. 58 percent of Hungarian participants said...
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Ladybird discount stores, Real, Tesco, Lidl…
Date: 2011-09-20 00:51:20
In the second quarter of 2010 51 percent of Polish consumers were of the opinion that their country’s economy was in a state of crisis – the European average was...
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Foreign trades shows pre-crisis characteristics
Date: 2011-09-20 00:49:54
In January-May 2011 the volume of Hungary’s foreign trade developed as follows: the volume of export augmented by 16 percent and import grew 14 percent from the same period in...
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More and more people buy in separate shops
Date: 2011-09-20 00:47:39
GfK Hungária conducted its annual nationwide survey on shopping malls. One third of the survey’s participants go to a shopping mall at least once a week and 31 percent visit...
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In Hungary FMCG product prices were up 5 percent on average
Date: 2011-09-20 00:46:56
In the second quarter of 2011 average prices in food retail rose by 5 percent if compared with the same period of 2010. The increase in the price of food,...
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Food prices are in the centre of attention
Date: 2011-09-20 00:43:10
In June 2011 the production price level of agricultural products was 35.3 percent higher than a year before. KSH’s report indicates that vegetable product prices surged by 46.7 percent and...
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