Market News
Chaotic marking
Date: 2011-06-22 10:54:28
Consumers’ number one source for product information is the packaging. In recent years several ‘Hungarian product’ lobby organisations were formed who established their own markings, but provide little data on...
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Every third Hungarian citizen is willing to move abroad for a job offer
Date: 2011-06-22 09:06:01
One out of every three people in Hungary are willing to move abroad if they get the right job offer, and are even willing to keep hunting for a job...
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Chips-tax: the price of energy drinks may increase the most
Date: 2011-06-21 13:30:43
The planned public health product tax will increase the price of energy drinks, instant soups, and chips. According to the law amendment; the tax should be paid from the first...
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The rural development minister is satisfied with the EU's vegetable market crisis management
Date: 2011-06-21 12:50:56
The EU could effectively respond to the crisis occurred at the vegetable market, and the situation also showed that if there were no effective EU agricultural policy, the producers and...
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Austria is also debating on Sunday opening hours
Date: 2011-06-21 12:40:23
The debate has been recurred over the licensing of the Sunday opening hours of shops. Reinhold Mitterlehner Austrian Minister of Economy stated in the weekend broadcast of ORF; that he...
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German ZEW index is on its lowest value since January 2009
Date: 2011-06-21 12:11:41
Contrary to the 3.1 points value of the previos month and to the expected -1.5 points, the June sentiment index of German ZEW became -9 points. The index reflecting on...
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GKI: Medium-term business forecast until 2013
Date: 2011-06-21 11:20:38
The price of the forecast is EUR 6900 + VAT, and that of the December update is EUR 2300 + VAT. If you order the forecast until 30 June, we...
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The Magyary Programme for Public Service
Date: 2011-06-21 09:31:31
It is the common goal of us all that there should be public administration which befriends citizens,’ said Tibor Navracsics, Minister of Public Administration and Justice on Tuesday at the...
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New addition the the market of online auction portals
Date: 2011-06-21 07:54:21
The owner of Vatera and TeszVesz, namely allegroup.hu has launched a brand new special offer-collecting site called lealkudtuk.hu. The weekly number of unique users is 55 000 persons at the...
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New issues when it comes to fieldmarketing
Date: 2011-06-21 07:26:17
POS Media Target Hungary has launched its new business Season Promotion. The new brand is launching a new group under the title Field marketing starting from May this year. Several...
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World organization of FMCG companies initiating political discussions
Date: 2011-06-20 19:30:52
“Hands up, if you are selling now like you did ffive years ago” – British TV-personality and moderator Alex Thomson turned to his audience consisting of 850 major leaders within...
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OKSZ: The shops in abroad can profit from the chips-tax
Date: 2011-06-20 14:50:28
According to the National Trade Association (OKSZ); the public health product tax will result in the increase of the black marlket and tax avoidance, while the costumers will purcahse more...
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The excellent Hungarian honey competes with cheap Chinese imports on the European market
Date: 2011-06-20 14:13:37
Last year's stormy weather decimated the Hungarian honey yield, Hungary's exports decreased to 12 thousand tonnes from the previous level of around 20 thousand tonnes. The major European distributors replaced...
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End of the ages of cheap Chinese products?
Date: 2011-06-20 13:40:53
For a good thirty years, China increasingly produced more and cheaper, but this will soon come to an end – says Bruce Rockowitz, the managing director of Li and Fung...
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Wine proved to be a better investment than gold
Date: 2011-06-20 13:25:50
Perhaps only a few would thought that wine was one of the best investment of the recent years, because with the purchasing of the quality – mainly French – wines...
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Russian traders circumvent the ban on the import of European vegetables
Date: 2011-06-20 13:20:25
Despite the import ban, due to the diarrhea outbreak, one can find European vegetables on the Russian market – states the Monday issues of the Vedomosztyi newspaper “As expected, the...
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China would significantly reduce import duties on high-category goods
Date: 2011-06-20 13:18:32
China is already the world's second largest luxury market, but soon, demand may be even greater: The Far Eastern country has plans to reduce import duties on high-category items, so...
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A truckload of unmarked eggs seized by NAV
Date: 2011-06-20 13:00:33
The officers of the National Tax and Customs Administration (NAV) found a truckload of unmarked eggs near Rajka. The truck came from Slovakia. The finance officers stopped the Slovakian truck...
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The U.S.A. became the country of home gardeners
Date: 2011-06-20 12:55:07
Millions of people started gardening on their own at the outbreak of the Great Depression in the United States in 2008, in order to restrain their spendings. Now it appears,...
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A bit of Hungarian
Date: 2011-06-20 12:52:26
Market research makes it evident that buying Hungarian is increasingly important for shoppers. The Ministry of Rural Development has already drawn up draft legislation on regulating Hungaricum and domestic products....
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Energy – Another Successfully Closed Field of the Presidency
Date: 2011-06-20 12:03:12
The energy ministers of the EU adopted Council conclusions at their meeting chaired by Minister for National Development Tamás Fellegi, held in Luxembourg on 10 June 2011 to review the...
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IFK: the mall construction stop would push back the construction industry and trade
Date: 2011-06-17 12:17:42
The real estate development industry is concerned by the bill on “plaza building moratorium”. To create commercial establishments a detailed impact studies are still needed – states the statement of...
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Seventeen percent of the Hungarian customers have complaints
Date: 2011-06-17 12:15:36
The Hungarian consumer complains more and much more efficiently, than the customers of other EU countries. Hungary has finished on podium in EU's Health and Consumer Protection (DG SANCO) recently...
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Net earnings increased significantly
Date: 2011-06-17 12:10:41
In the first four months, gross earnings increased by 2.6 percent, the net average earnings without taking the family allowances into account increasedy by 4.5 percent, compared to the datas...
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The OECD and the FAO expects sustainable high food prices
Date: 2011-06-17 12:00:33
In their joint Friday published analysis the two organizations also warn that violent fluctuations of the prices can also be typical in the period until 2020. The price level remains...
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Foreign executives expect Hungary's economic to be grow from the second part of 2011
Date: 2011-06-17 12:00:06
The leaders of the international companies present in Central and Eastern Europe expect that the the economic boom will begin in Hungary in the second half of the year –...
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Hungary's autumn barley harvest could reach 600,000 tons this year
Date: 2011-06-17 11:48:01
According to the Rural Development Ministry, Hungary's autumn barley harvest could reach 600,000 tons this year, state secretary György Czerván said within the compass of a press conference on Friday....
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GMO-contaminated soy cleaned
Date: 2011-06-17 11:27:32
The Agricultural Office (MgSzh) ordered Pioneer Ltd. to clean the GMO-contaminated seeds from their 240 acres of land. Experts of the Agricultural Office have proven that more than 20 thousand...
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The people of Provance made beer already 2500 years ago
Date: 2011-06-17 11:05:01
Provence in southern France is mostly famous of its wines, but it has also great brewing traditions: according to recent discoveries; people of Provance brewed beer already 2500 years ago....
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The first FMCG company on Groupon’s website
Date: 2011-06-17 09:33:22
Formerly many experts were of the opinion that the coupon trend would not reach the world of FMCG products because of their small profit margin and wide distribution. But General...
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