Market News
Changes in the excise tax, relief for breweries
Date: 2011-11-30 12:25:09
The excise tax legislation is expected to be changed significantly, from the 1st of January 2012, on the basis of the proposal submitted to the National Assembly – reports PwC....
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German retail trade accelerated in October
Date: 2011-11-30 12:24:54
On a monthly comparison, German retail trade increased in Octoberby 0.7 percent, instead of the expected 0.1 percent. In September, the increase was 0.3 percent. However, on an annual comparison,...
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GKI: There is a need for genuine change
Date: 2011-11-30 12:00:26
GKI Economic Research Co. forecasts that even to start the negotiations with the IMF successfully, genuine economic policy change and the return to market economy principles are required. Next year,...
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Rural Ministry: mall-stop helps micro-businesses
Date: 2011-11-29 16:36:38
As we have informed our readers before, the National Assembly has banned the construction of stores, that have an area of more than three hundred square meters, from the 1st...
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The National Assembly has approved the mall stop
Date: 2011-11-29 13:50:25
The National Assembly has banned the construction of stores, that have an area of more than three hundred square meters, from the 1st of January. The law contains that the...
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The new environmental protection product fee compels the company to raise prices
Date: 2011-11-29 13:37:39
The new environmental protection product fee compels the company to raise prices; at the same time, it is not clear for Krajcár Packaging Industry Kft. how many new obligations the...
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Magazine: Beer, wine, praline and electronic device packagings were the winners
Date: 2011-11-29 13:26:53
This year the Hungarian Association of Packaging and Materials Handling (CSAOSZ) organised the 28th HUNGAROPACK Hungarian Packaging Competition. There were 61 entries from 38 companies, from which 53 were consumer...
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The national product basket strengthens quality-conscious consumption
Date: 2011-11-29 13:10:41
The national product basket initative strengthens quality-conscious consumption, which is becoming more and more frequent among the buyers – said Pintér István, Director-General of the National Authority for Consumer Protection...
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More than one billion HUF fine for unfair distribution behavior in one and a half year
Date: 2011-11-29 13:00:07
In the past one and a half year more than billion HUF fines were imposed because of unfair distribution practices – was told at Monday's meeting of the Consumer Food...
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Succesful Black Friday in the U.S.A.
Date: 2011-11-29 12:25:57
The U.S.A. survived the Black Friday again. On the Friday after Thanksgiving stores provides often 50, 70 or even 80 percent discounts to attract the masses of costumers to start...
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Corn and sunflower yields in Vas county are better than the annual average
Date: 2011-11-29 12:15:17
The average yield of corn per hectare is higher with 30 percent, while sunflower yields exceeds the average yields of the last 15 years by 40 percent in Vas county...
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New risk management system in Hungarian agriculture
Date: 2011-11-29 12:14:35
A jelenleginél stabilabb, átláthatóbb, az önfenntartásra és az öngondoskodásra ösztönző új kockázatkezelési rendszer kezdi meg működését a jövő év elejétől a magyar mezőgazdaságban. Mindezt az tette lehetővé, hogy az országgyűlési...
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The issuer of the Erzsébet-voucher negotiating with the Magyar Posta
Date: 2011-11-29 12:00:56
The Hungarian National Holiday Foundation (MNÜA), the issuer of the Erzsébet-voucher and the Posta Paletta Zrt., may enter into a strategic agreement. Intensive negotiations are in way over the details...
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Growth will be slower than expected in the world, recession will deepen in Hungary
Date: 2011-11-28 14:55:48
The Organization for Economic Cooperation and Development (OECD) revised downward its forecast for global growth, referring to the uncertainty in the global economy. According to the forecast; the global economy...
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NGM: employment rate is nearly on three-year peak
Date: 2011-11-28 14:20:43
Employment rate is almost on its three-year peak – published the National Economy Ministry (NGM), on the basis of the Monday published statistics of the Central Statistical Office (KSH). The...
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We prefer recyclable packaging
Date: 2011-11-28 14:12:42
The proportion of customers who take environmental considerations into account when purchasing goods and products increased to 50 percent by 2011, from the30 percent, measured in 2005. According to Tetra...
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The wholesale markets of Szeged and Temesvár to develop with EU support
Date: 2011-11-28 14:10:26
The wholesale markets in Szeged and Temesvár are being developed with more than one million euros EU support. Thanks to the investment, dealers and producers can follow the other city's...
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(HU) A KAP jövőjéről tanácskoznak az agrárkamarai vezetők Budapesten
Date: 2011-11-28 13:36:32
The leaders of a number of the recently joined EU countries discuss over the European Union Common Agricultural Policy (CAP) between 2014-2020 in Budapest, at the 43rd Agricultural Chamber meeting...
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State monopoly on tobacco sales?
Date: 2011-11-28 13:35:32
A Fidesz representative's motion would considerably tighten tobacco retailing from 2013, inter alia, a state monopoly would be undertaken. According to the proposal; the retail trade in tobacco products would...
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Consumer confidence improved in Europe's largest economy
Date: 2011-11-28 12:36:47
Consumer confidence improved in Germany. The forward-looking, sentiment index for December became 5.6 points after the 5.4 points of November. (It was 5.5 points in October). Analysts expected a 5.2...
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GKI-Erste economic sentiment index stopped deteriorating in November
Date: 2011-11-25 15:26:40
In November the GKI-Erste economic sentiment index adjusted for seasonal effects stopped to deteriorate after more than half a year long decline. Both business and consumer expectations improved slightly, within...
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Magazine: Average prices are likely to keep increasing on the biscuit market
Date: 2011-11-25 13:09:39
There has been a drastic increase in flour prices recently, making the life of biscuit distributors harder. Retail was very unwilling to accept increased prices. Now flour prices are decreasing...
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Slovakia may lose the Tokaj denotation of origin
Date: 2011-11-25 12:30:09
There is a growing probability that Slovakia will lose the Tokaj protected designation of origin. As it is known, Hungary sued the European Commission at the European Court of Justice...
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The Australian government approved the 11 billion beer industrial acquisition
Date: 2011-11-25 12:25:05
The Australian government approved the acquisition of Foster's Group Ltd.. The SABMiller buys the brewery for 11.5 billion Australian dollars. However, the government has set certain conditions, such as the...
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Retail sales decreasing for five month in Italy
Date: 2011-11-25 12:10:37
Retail sales in September.decreased for the fifth consecutive month in Italy, that is Europe's third largest economy. The retail sales declined by 0.4 percent in September, seasonally adjusted, compared with...
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KSH: retail sales on the same level in September
Date: 2011-11-24 14:10:11
The retail sales volume in September 2011 and in the first nine months of the year remained on the level of the previous year's – announced the Central Statistical Office...
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Experts say that the low volume of consumption is due to credit repayments
Date: 2011-11-24 14:00:38
The public household consumption is low and retail trade turnover is stagnant, due to the consumer credit debts analyzed the National Economy Ministry (NGM), the datas of the Central Statistical...
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Panorama Before Christmas
Date: 2011-11-24 13:47:19
There is only one month until Christmas: the dealers have been preparing for the peak shopping season for weeks, months, the shops are full of potential gifts. Customers do not...
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Agricultiural chambers coordinate their views on the future of the Common Agricultural Policy
Date: 2011-11-24 13:42:02
Next week, agricultural chamber leaders of nine Central European countries will gather in Budapest to coordinate their positions over the EU's Common Agricultural Policy, between 2014 and 2020 – told...
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Ministry of Rural Development: tax increase on jam imitations
Date: 2011-11-24 13:10:21
The parliament supported the tax increase on jam imitations. Because of the initiative of the Ministry of Rural Development (VM) in the future the tax on jams with low fruit...
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