Market News
NGM: No obstacles to organize Advent fairs
Date: 2014-10-20 11:22:09
Thanks to two government amendments to fairs can be held in public areas before Advent can so the obstacle has been removed from several Advent Fairs – such as in...
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The NAV seized a considerable amount of cigarettes and tobacco in Borsod
Date: 2014-10-20 10:37:04
Two thousand five hundred boxes of contraband, mainly Ukrainian cigarettes and more than a hundred kilograms of cut tobacco were seized in Borsod-Abaúj-Zemplén county by the finance officers of NAV...
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The record truffle was exhibited at the Hungarian Agricultural Museum
Date: 2014-10-20 10:36:51
Hungary’s largest truffle was transported to the Hungarian Agricultural Museum. The 1.28-kgs heavy truffle found in the Jászság was handed over to the museum by Fazekas Sándor, Minister of Agriculture...
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New product from lemon juice maker Olympos
Date: 2014-10-20 10:16:25
Tea market trends influence lemon juice sales too. According to Vilmos Várkonyi, Maspex Olympos Kft.’s group brand manager, the spreading of fruit teas had negative influence onlemon juice sales because...
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EU proceeding was initated in the case of the “pretended” land contracts
Date: 2014-10-17 11:55:22
The European Commission launched infringement proceedings on Thursday, due to the Hungarian act terminating the usufruct right of foreign investors on the Hungarian agricultural lands. The act came into force...
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Interest subsidy to the producers' organizations
Date: 2014-10-17 11:23:30
The producers' organizations taking part in the Working Capital Loan Program will receive interest subsidy – according to the government's decision. According to the regulation, published Hungarian Official Gazette the...
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Record quantity of corn is harvested in Békés county
Date: 2014-10-17 11:23:01
A record volume of corn is harvested Békés county. The average yield per hectare is expected to exceed 7 tons – the Secretary of the Békés county Agricultural Association informed...
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Surge in television ad spending
Date: 2014-10-17 09:47:37
The annual tea market was bigger than HUF 12 billion between June 2013 and May 2014. Sales contracted 1 percent in both value and volume. Stores with a floor space...
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Magazine: Pampering cosmetics for Christmas
Date: 2014-10-16 13:01:52
Melinda Jáger, Beiersdoft Kft.’s shopper & customer marketing manager told our magazine that the company pays special attention to supporting families, since in the last 100 years Nivea has become...
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Beekeepers may notify a force majeure
Date: 2014-10-16 11:35:27
This year, the Hungarian agriculture faced different weather conditions, in particular the effects of the Yvette cyclone in May has caused serious damages to the domestic colonies, so the Ministry...
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The rules of the agricultural insurance premium subsidy are changing
Date: 2014-10-16 11:32:35
Due to changes of the EU rules, the rules of agricultural insurance premium subsidy are changing. The most important change is that from November 2014 exclusively the micro, small and...
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The Food Bank Association’s Donation Convoy to carry 50 tons of food for the needy
Date: 2014-10-16 11:20:37
The Hungarian Food Bank Association launches its Donation Convoy every year on 16 October on the World Food Day jointly with the FAO. The initative would like to draw your...
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Discontent in Israel, due to cheaper chocolate pudding from Berlin
Date: 2014-10-16 11:00:03
A bill of a young man emigrated to Israel has triggered a wave of serious dissatisfaction, which proves that chocolate pudding costs three times more in Israel than in Germany....
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Christmas gift packs much more popular than before
Date: 2014-10-16 09:06:15
In November-December 2013 Hungarian consumers spent nearly HUF 4 billion on 2.5 million gift packs – in value 18 percent more and in volume 21 percent more than in the...
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At the starting line of a category management project
Date: 2014-10-15 21:50:00
After the years of recession, in category management it is becoming more and more realistic a goal once again to achieve a sales increase. Nielsen contributes to this by organising...
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Loyalty across channels (Part 1)
Date: 2014-10-15 21:46:48
Customer loyalty specialist ICLP has recently published their latest study on customers who are active in several channels. Consumer behaviour is changing at breakneck speed, thanks to rapid technological development...
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Let’s bargain!
Date: 2014-10-15 21:43:51
PriceWaiter (USA) developed an app called ‘Name Your Price’, with the help of which potential buyers can bargain for products. Andrew Scarbrough, one of PriceWaiter’s founders reckons that the internet...
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Ice water on your head!
Date: 2014-10-15 21:41:32
The ALS Ice Bucket Challenge has been spreading fast on the internet. People dump ice water on their heads to call attention to this fatal disease and urge people to...
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No clean slate: retrospective investigations conducted by NAV
Date: 2014-10-15 21:30:46
As of 1 September traditional cash registers mustn’t be used any more: only online cash registers are allowed to be operated by units that fall under the scope of the...
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Accurate and rapid information at every level
Date: 2014-10-15 21:27:01
These days it isn’t enough to install a couple of cash registers in the FMCG sector: without connected background systems and the constantly updated information for members of the management...
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Interest rates are lower than ever
Date: 2014-10-15 21:24:14
KAVOSZ Zrt. manages the Széchenyi Card Programme, which is already accessible at 11 financial institutions and in part due to the state’s interest rate subsidy it is the most successful...
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Factoring: payment trends and credit risk factors
Date: 2014-10-15 21:21:17
Hungarian enterprises have become more disciplined in paying invoices and collecting receivables, and they are also more careful when it comes to selecting business partners. In general we can say...
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Fewer Hungarians worry about debt
Date: 2014-10-15 21:19:20
Nielsen’s 2nd quarter survey (conducted in 60 countries) asked the question ‘What will be your biggest concern in the next six months?’ and while in the 3rd quarter of 2013...
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Magazine: Regardless of age
Date: 2014-10-15 12:55:50
People of all ages like to play and sales of toys and games are growing in Hungary, especially in the summer and winter season when many new products are introduced...
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Web stores can avoid the advertising by escaping to foreign lands
Date: 2014-10-15 11:52:28
Many small and medium-sized domestic web shops may decide to relocate abroad in the near future due to the effects of the advertising tax – Kis Ervin Egon, the president...
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More resources will be allocated to the development of beekeeping
Date: 2014-10-15 11:40:31
In the following years, an annual 4.7 million euros, 20 percent more subsidy will be allocated to the development of beekeeping, especially to develop the technology and to modernize the...
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FM: constant goal is to retain the GMO-free status
Date: 2014-10-15 11:13:21
Hungary must continue to preserve its genetically modified organisms (GMOs) exemptions, which can also be read in the new basic law – the Ministry of Agriculture (FM) drew attention in...
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Draft about the single electronic card system
Date: 2014-10-15 11:12:58
The government intends to run a unified electronic card issuing system from next August. The act regulating the structure and operation of the system was published on the government's website...
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The Santa's factory is already accepting donations
Date: 2014-10-15 11:11:51
The Santa's factory is already accepting donations from October. This year the Santa's factory aims to help with toys, clothing, cleaners and permanent food for at least 350 thousand families....
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A very good grain harvest in the Czech Republic
Date: 2014-10-15 11:07:03
This year's grain harvest became very good in the Czech Republic – the Czech Statistical Office (CSÚ) announced on Tuesday. From cereal grain and maize a total of 8.73 million...
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