Market News
S&P: recession is expected in the Euro zone
Date: 2012-10-24 11:55:32
This year, recession is expected in the Euro zone and it is not granted that economic growth will occur the next year – Standard & Poor's announced on Wednesday in...
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The Bolgheri Sassicaia 2009 of Tuscany became Italy's best red wine
Date: 2012-10-24 10:59:25
According to the recently published edition of Gambero Rosso wine guide, this year’s best Italian red wine is from Tuscany, while the best white wine is bottled in Friuli. Three...
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Hungarian origin colored pork found in Slovakia
Date: 2012-10-24 10:34:02
The inspectors of the Slovak Food and Veterinary Authority (SVaPS) found Hungarian origin, colored frozen pork in Slovakia at a reseller’s warehouse premises in Bratislava – confirmed Paulína Komárová, the...
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GfK Purchasing Power: Hungary backlogs the region
Date: 2012-10-19 13:10:44
According to the Purchasing Power Study of GfK study in Hungary the per capita annual disposable annual income is 4,884 euros, the quarter of the Austrian value. The wealthiest country...
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Food prices may increase by ten percent
Date: 2012-10-19 13:00:03
The Agricultural Economics Research Institute (AKI) expect a smaller, about 10 percent food price increase in the next six months – MTI writes. This announcement may easen the already tense...
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Nielsen: dairy products’ retail sales increased both in value and volume in the first eight months
Date: 2012-10-19 12:50:23
There is an expanding demand for dairy products. In terms of value, retail sales of the fourteen different categories increased by 5 percent during January-August this year, compared to the...
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Success of Hungarian wines in Stockholm
Date: 2012-10-19 12:10:29
Hungarian wines were introduced in Sweden in the scope of a large-scale demonstration. The event organized by the National Foreign Trade Office (HITA) was accompanied by high attention both from...
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GKI: Domestic economic expectations remained pessimistic
Date: 2012-10-19 12:04:16
GKI-Erste economic confidence index adjusted for seasonal effects has been essentially unchanged since May. A modest increase at the beginning of the year was followed by a fall in May,...
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Magazine: Trends, whys and answers – part 5
Date: 2012-10-19 10:22:07
The market share of a carbonated soft drink brand, let us call it ‘A’, started to fall in one of the country’s in our region. At the same time competitors’...
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Pricing troubles by merchants
Date: 2012-10-19 10:00:05
At RetailCustomerExperience.com Dale Furtwenger, the author of the book ‘Pricing for Profit’ analyses the pricing strategies of retailers. He underlines the importance of being consistent and value-centred but writes negatively...
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Hungaricum Committee opening discussion at the Ministry of Rural Development
Date: 2012-10-18 12:49:51
The so-called Hungaricum Commitee has opened its founding conference on Thursday, at the Ministry of Rural Development (VM). The board consists of 15 members, and the main purpose of these...
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RSM DTM: The fiscal adjustment whitens the economy, but takes the chance of growth away
Date: 2012-10-18 11:59:34
According to the RSM DTM Hungary Zrt. consulting firm, the Wednesday announced government measures on one hand will whiten the economy, but on the other hand will take away the...
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Fazekas Sándor: tobacco growing is a very important industry
Date: 2012-10-18 11:53:56
Tobacco growing is a very important sector of the Hungarian Agriculture – Fazekas Sándor, Rural Development Minister said in Budapest on Thursday at the 33rd congress of the European Association...
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Analysts: real wages may decline this year
Date: 2012-10-18 11:40:05
Gross wages can grow by 4 to 4.5 percent this year, so – because of the high rate of inflation – a fall may occur in real wages – believed...
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Hungary's Representative Plants Tree at U.N. Biodiversity Conference
Date: 2012-10-18 09:43:05
eputy State Secretary of the Ministry of Rural Development Katalin Tüth represented Hungary and planted a tree at the U.N. Convention on Biological Diversity in Hyderabad, where participants from over...
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Amazon is America’s most popular retailer
Date: 2012-10-18 09:06:15
It is now official that Amazon is the number one retailer in the USA, after Boston-based OC&C Strategy Consultants published its research results. They evaluated retailers based on nine aspects...
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NÉBIB closed an illegal green food packaking plant in Csongrád county
Date: 2012-10-18 09:04:45
The Tax and Customs Administration of Csongrád county and the Food Chain Safety and Animal Health Directorate of the county seized the content of an illegal green food packaging and...
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New Matolcsy Package to come
Date: 2012-10-17 12:55:40
According to the new Matolcsy Package, transaction tax will increase and cafeteria rules will be strenghtened The EU did not found the 400 billion HUF package announced in early October...
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Employment does not change in the SME sector for seven years
Date: 2012-10-17 12:15:35
In Hungary, employment is stagnating since 2005 at the small and medium-sized enterprises (SMEs). The number of SMEs did not increase as well. The indicators in connection with the status...
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The VM pays out the sugar support, that was not paid out in 2006
Date: 2012-10-17 12:00:31
The Ministry of Rural Development (VM) pays the 240 million HUF worth sugar support to the nearly 300 owners, who did not get the grant in 2006, due to the...
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Hungarian-British Chamber of Commerce was founded in London
Date: 2012-10-17 11:54:27
Hungarian businessmen established a Hungarian-British Chamber of Commerce in London in to boost bilateral trade and economic relations and to facilitate market access. Nagy György one of the founders living...
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Only export amount of corn has grown
Date: 2012-10-16 13:52:03
It seems that food prices will increase unstoppable until next summer, because due to the drought less grain has grown in Hungary and in the world's major grain-producing areas. Due...
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The Parliament decided over cigarette and alcohol excise tax increase
Date: 2012-10-16 13:00:25
The Parliament decided over cigarette and alcohol excise tax increase on Monday, in order to allocate extra funds to the health service. The excise tax on cigarettes will be 12,500...
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Domestic economic expectations remained pessimistic
Date: 2012-10-16 12:09:04
GKI-Erste economic confidence index adjusted for seasonal effects has been essentially unchanged since May. A modest increase at the beginning of the year was followed by a fall in May,...
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One billion HUF support for wine investments
Date: 2012-10-16 11:52:23
The Ministry of Rural Development (VM) supports wine investments with 1.1 billion HUF from 5 November. The support can be claimed for already purchased, and operating machines – the ministry...
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FAO: It is important to strengthen the small-scale producers
Date: 2012-10-16 11:48:21
Fernanda Guerrieri, European and Central Asian Regional Representative of the UN Food and Agriculture Organization (FAO) drew attention to the importance of the strenghtening of the small farmers through cooperatives....
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Webshop qualifying system at e-commerce
Date: 2012-10-16 10:57:06
Within the compass of the famous “purchase it on the net” program, Szek.org has worked out a special qualifying system in strong co-operation with the National Customer Protection Authority, in...
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An increase in the proportion of bankruptcies
Date: 2012-10-15 14:06:31
The bankruptcy rate of companies is on 4.21 percent currently. This figure one year ago was only 3.44 percent. If the current trend continues, in next July, the index is...
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Hungarian agricultural exports to Russian increases further
Date: 2012-10-15 12:17:45
The aim of the Hungarian Ministry is to to reach the early 90s level in food exports to Russia – Fazekas Sándor Minister of Rural Development said after negotiations in...
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GfK: tobacco black market started to grow again
Date: 2012-10-15 12:00:58
The previous downward trend of tobacco black market has changed. The illegal tobacco market share totaled at 5.8 percent this year, after 4.2 percent of last year – the GfK...
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