Market News
The European Commission proposes the equal taxation of vouchers
Date: 2012-05-11 10:10:21
The European Commission proposes that all types of vouchers to be equally taxed in all Member States. The market of vouchers has an annual 52 billion euros market in the...
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The wage of entry-level workers increased
Date: 2012-05-11 09:32:47
Entrants can expect the highest wages in the information technology sector, a monthly 246 thousand HUF – shows the recent survey of fizetesek.hu. run by Workania job portal. On the...
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VM: significant increase in the income of agricultural producers
Date: 2012-05-10 16:30:00
According to the preliminary datas of the Agricultural Economics Research Institute (AKI), the income of individual farms increased by 47 percent last year, compared to the previous year – informed...
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Bees are collecting less honey from the frozen acacia trees of Szabolcs-Szatmár-Bereg county
Date: 2012-05-10 12:50:32
This year, bees can collect less honey from the frozen acacia trees of Szabolcs-Szatmár-Bereg county – told the regional adviser of the Hungarian National Beekeeping Association (OMME) on Thursday to...
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NÉBIH focuses on strawberry cheaters
Date: 2012-05-10 12:34:02
More and more foiled Hungarian strawberries are on the shelves, where they still should have compete with the much cheaper Spanish strawberries. Between their prices the difference is high, because...
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The Chinese consumers will push the global luxury market in the forthcoming years
Date: 2012-05-10 12:05:17
The Chinese consumers will push the global luxury market in the coming years – predicts the CLSA broker and investment group. Among others, the rising Chinese middle class will help...
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Collation between the Ministry of Rural Development and the chain of stores on the milk industry's problems
Date: 2012-05-09 13:10:02
The Ministry of Rural Development (VM) collated with chain of stores in Budapest on Tuesday to find a solution to the emerging dairy market crisis – said Budai Gyula, Parliamentary...
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Slowing exports, while weak domestic consumption slows down imports
Date: 2012-05-09 12:25:44
In March, the forint value of exports increased by 3.5, the forint value of imports by 6.7 percent – the Central Statistical Office announced on Wednesday. Export value in euros...
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New coffeebrand in Budapest
Date: 2012-05-09 12:04:21
One of the most popular coffee brands of Spain has arrived to Hungary. Cofesa is manufactured by a family business is Andalusia. Now you can only test it at a...
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The EU is studying the decline in the number of bees
Date: 2012-05-09 11:27:42
The European Commission announced significant financial support to those studies that aims to explore the reasons and possible solutions to fight against bee health problems. The EU's executive body supports...
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Quota free Europe?
Date: 2012-05-08 14:10:25
This decade brings several novelties in the food production of the European Union. The new budget cycle, that will start in 2014 will bring several changes, the redistribution of the...
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GfK: The turnover of bakery products increase because of the price increases last year
Date: 2012-05-08 14:00:53
Due to the rise in prices, the turnover of bakery products have increased by about one tenth last year. According to the GfK market research institute, a Hungarian households typically...
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Analysts said that the weak Hungarian industrial production corresponds to the European trend
Date: 2012-05-08 13:50:06
According to analysts polled by MTI, the KSH data published in March about the weak industrial production corresponds to the European trend. The analysts expect 1.5 to 2.5 percent industrial...
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Effective action against dangerous products
Date: 2012-05-08 12:10:52
“Less dangerous product enter the EU market. But we must continue to work, so the construction of a permanent monitoring system will remain paramount importance” – said John Dalli Health...
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Large chains are targeting the music market
Date: 2012-05-08 12:10:10
The big chains are discovering newer and more and more surprising markets worldwide. It is not enough that we do the shopping in them (or via their webshop), some of...
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Chinese luxury brands are emerging
Date: 2012-05-08 12:00:14
On the dynamic growing Chinese luxury market, beside the big Western brands, Chinese brands will also have a growing role in the near future – predict the researchers of the...
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The pándi cherry and the kécskei rosepeach can be seen on stamps
Date: 2012-05-08 11:00:29
Two native fruits, the pándi cherry and the kécskei rosepeach can be seen on the newest stamp series of the Hungarian Post. On the 185 HUF denomination stamp the pándi...
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GfK: retail sales increased in Europe, declined in Hungary this year
Date: 2012-05-07 14:14:12
The GfK market research institute lists Ireland, Portugal, Spain Italy, and Hungary among those countries, where retail sales will reduce this year, because of the debt crisis and the austerity...
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Poultry Product Council: sell the eggs in one kilogram packages
Date: 2012-05-07 13:40:32
The Rural Development Ministry (VM) told [origo] that they support the idea, that in the future, eggs to be sold in kilograms not in pieces. The Poultry Council initiated in...
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A professional organization is forming in the domestic retail
Date: 2012-05-07 13:30:36
The creation of a professional organization containing primarily Hungarian-owned chains is on the agenda for months. According to the informations of Népszabadság, the two largest national chains, the CBA and...
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Government decision is under preparation in order to boost the food industry
Date: 2012-05-07 13:25:39
The range of food businesses, which requires state intervention should be assessed. Restructuring loan schemes should also be developed to reach recovery – can be read in the government's draft...
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Online stores were forced to close in China
Date: 2012-05-07 11:20:30
Stores of nine online retailer's were closed down, because of corruption in China. The inspection of the Alibaba Group has found out, that the sellers bribed the employees of Taobao...
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Retail sales declined in the Czech Republic
Date: 2012-05-07 10:50:19
In March, retail sales fell by 0.3 percent in the Czech Republic, compared to the datas of the previous year – the Czech Statistical Office announced on Monday. In February,...
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Business sentiment in the euro area is on its 2.5 years nadir
Date: 2012-05-07 10:41:40
The business sentiment indicator fell to the two and a half year low point in the euro area in May – shows the data of the German Sentix economic research...
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Retail chain ranking 2011: Tesco, CBA and Coop are the top three
Date: 2012-05-06 19:23:36
Although the level of consumer confidence is strikingly low in Hungary (the lowest in the world: in the fourth quarter of 2012 it was 30 points when the global average...
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Trends, whys and answers – part 2
Date: 2012-05-06 19:11:31
If ten years ago the word ‘elite’ was written on a certain product, a significant proportion of people were willing paying to much more for it than for a similar...
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One billion pound revival plan for Tesco
Date: 2012-05-06 18:36:24
Tesco, the world’s third biggest retailers announced that the plan is ready to overhaul its underperforming (trading profit fell 1 percent) UK business. Chief executive Philip Clarke told reporters that...
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To invest – but how?
Date: 2012-05-06 18:19:09
We cannot hope for more investments and economic growth until the legal and fiscal environment becomes more stable. Investment activity also reduced because of lower domestic demand and the lack...
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