Market News
Fruits and vegetables are the most sought for among organic food products
Date: 2011-03-24 14:57:15
In Europe’s leading ‘organic countries’ the consumption of organic products grew by 20-30 percent in the last couple of years – with the exception of 2010 when consumption significantly fell....
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VHT – do not protest, but they want a controlled VAT-reduction
Date: 2011-03-23 15:51:00
The Livestock and Meat Association and Productcouncil (VHT) does not agree with the protest planned for 30th March in Kossuth tér, Budapest, which is organized by the Association of Hungarian...
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The retail trade turnover repeated the performance of last year's January
Date: 2011-03-23 13:38:32
This January, the turnover volume of retail stores – on the basis of the calendar-adjusted data – was similar to the January of the previous year. According to the seasonally...
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Globally, sugar prices are decreasing
Date: 2011-03-23 13:35:27
While in Hungary processed sugar prices are much higher than in the surrounding countries, at the world's commodity exchanges, the price of raw sugar and white sugar is on a...
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Japanese import foods are not contaminated by radiation
Date: 2011-03-23 13:30:03
According to the previous studies: Japanese foods imported into the European Union are not contaminated by radiation. ” We did not find anything ” – said Frederic Vincent, consumer protection...
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Joint venture would help the marketing of Hungarian food and wine in Russia
Date: 2011-03-23 13:11:54
The Association of Entrepreneurs' Club organizes the establishment of Hungarian-Russian joint venture, in order to help the Russian marketing of quality Hungarian food and wine. Ujhelyi Sándor, President of the...
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GKI-Erste: optimism vanished in February
Date: 2011-03-23 13:05:03
The business expectations decreased slightly in March, after the ten year peak of February, while the consumer expectations sharply fall to the depths of last April. As a result, GKI-Erste’s...
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IMF: Global economy may increase by about four and a half percent this year and in the next year
Date: 2011-03-23 13:00:28
The International Monetary Fund (IMF) expects global economy increase of 4.4 percent for 2010 and a somewhat stronger, 4.5 percent for 2011, which is equal to its forecast published in...
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Shopping carts dirtier than public toilets
Date: 2011-03-23 12:39:50
An American study found that shopping carts are dirtier, meaning more contaminants can be found on them than in an average public toilet. A recent study showed shocking figures about...
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12 global root trends identified by Future Value Chain 2020
Date: 2011-03-23 12:19:23
1. Increased urbanisation and the rise of megacities will impact the size of stores, logistics and the supply chain. • 2. Aging population will have economic and political consequences related...
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Analysts consider food VAT decrease unlikely
Date: 2011-03-22 18:48:19
Although the Rural Development Ministry would decrease the VAT rate of basic foodstuffs to 5 percent, according to the analysts polled by Origo, it has small chance to happen. The...
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Beyond milk
Date: 2011-03-22 16:47:43
There are great opportunities on the market of special dairy products and on the milk substitute market because at the moment few products are available, while the number of people...
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GfK: the crisis can still be felt on the market of consumer durables
Date: 2011-03-22 14:39:15
In Hungary, the biggest increase occurred on the IT hardware market. The consumer electronics market was saved by the flat-panel televisions, due to the football World Cup as well as...
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Where will be the center of the wine region?
Date: 2011-03-22 13:55:32
Debate broke out between Sárospatak and Tokaj, over where will be the center of the Tokaj-hegyalja historic wine region. Both settlements want the ownership rights – wrote the Észak-Magyarország on...
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A new wholesale market to be bulit near the capital
Date: 2011-03-21 17:56:49
A new wholesale market is about to be bulit near Budapest in the foreseeable future, about 40 kilomters from the M3 motorway, at Bagi-Aszod, at about 45 hectares of land...
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FruitVeB: fruit and vegetable production can be increased by one million tonnes
Date: 2011-03-21 17:15:34
The FruitVeB calculates that in the foreseeable future – within in a few years – Hungarian fruit and vegetable production may be increased by 800 thousand, and even up to...
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Day of European Consumers: the Hungarian Consumer Protection Act is under preparation
Date: 2011-03-21 14:18:04
The European Economic and Social Committee draws up new guidelines to protect buyers. Although a sharp social debate has started over the definition of principles, most organizations agree that in...
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It is hard to ban the consumer groups
Date: 2011-03-21 14:02:14
The Economic Competition Authority (GVH) fined consumer groups again: Standard-Company Kft. was fined to 1.6 million, Invest Holding System Kft. to 5.8, while the Mutuo Risparmio Szolgáltató és Tanácsadó Kft....
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e-commerce should be made obstacle-free
Date: 2011-03-21 14:00:08
Obstacles should be removed as soon as possible out of the way of e-commerce, because with such steps about 10 percent savings would be available for European citizens. According to...
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The Amazing Coffee Exhibition will be held again
Date: 2011-03-21 13:59:13
Last year, nearly fifty companies were present at the first Amazing Coffee Exhibition, which was organized by the Magyar Kávétársaság as the first self-organized professional exhibition of the Hungarian coffee...
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Increasing value on a scientific basis
Date: 2011-03-21 12:43:49
Adding physiologically valuable materials to food products is one of the most frequent innovation directions. Food fortification is mostly a voluntary activity, meaning it is the food manufacturer’s responsibility to...
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The Ministry of Rural Development to prepare proposals to reduce food VAT
Date: 2011-03-18 15:25:30
The Ministry of Rural Development prepares new government proposals in order to reduce the VAT of food products in three versions. According to the informations of agromonitor.hu; the ministry insists...
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Institute of Finance: beside a 2.3 percent economic growth household consumption may increase by one and a half percent
Date: 2011-03-18 15:12:07
This year, the gross domestic product (GDP) will increase by 2.3 percent, beside a 4 percent inflation rate – said Petschnig Mária Zita at the press conference of the Institute...
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The French would make Tokaji to the king of wines
Date: 2011-03-18 15:00:10
The Hungarian Tokaji is one of the most prestigious liqueur wine in the world, but it is not quite salable. This motivates the French investors in Hungary, who want to...
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Diet, weight loss diet, lifestyle
Date: 2011-03-18 14:30:59
Products related to diet have a reduced carbohydrate and increased fibre content. Many of these can also be consumed by diabetics. On a world level the number of people suffering...
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The price of LCD TV and SmartPhones may increase
Date: 2011-03-18 14:10:03
As the result of the earthquake that shook Japan, a significant deficit may occur in the supply of lithium-ion batteries, chips and liquid crystal displays. The stops in the factories...
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Million HUF fines for misleading consumers
Date: 2011-03-18 12:44:51
The Competition Authority (GVH) obliged three businesses, organizing consumer groups to pay a maximum penalty of 10, 6 million HUF. According to the Competition Authority (GVH), the Standard-Company, the Invest...
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Spring discount in the Corvin shopping center
Date: 2011-03-18 08:50:43
On the 18th of March at 7 pm a spring welcoming event will begin in the Corvin shopping center. At the Night of Discounts huge promotions, surprises and and hilarious...
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It should be coloured and have a draw tape, but first and foremost it should be cheap
Date: 2011-03-17 15:28:45
Bin bags is typically a routine category that consumers only notice when there is no more at home or on store shelves. Bin bags are often substituted with free plastic...
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Credit card sales increased by six percent last year
Date: 2011-03-17 15:02:40
After the slowdown of last year, caused by the economic crisis,k the domestic credit card market already showed the signs of revival. According to the datas of the the Hungarian...
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