Market News
Corruption in public procurement and in general in Hungary
Date: 2012-01-18 14:22:20
GKI conducted a survey about corruption penetration and perception of corruption in the Hungarian economy. This study summariee the most important result and formulated proposals to the Public Procurement Council,...
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Hungarikum-law in order to protect national values
Date: 2012-01-18 13:01:41
The Government since its establishment gives priority to protecting Hungarian values. The Hungarikum Act adopted by the Government also serves this goal – said Giró-Szász András government spokesman at a...
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The price of sugar can increases further this year
Date: 2012-01-18 12:30:29
The price of sugar spectacularly increased last year, the trend could continue this year. Experts in Somogy county predict 10 to 15 percent increase for 2012. Temporary supply difficulties, capped...
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Improved business sentiment in Germany
Date: 2012-01-18 12:10:50
According to the Tuesday published datas of the ZEW economic research institute; business sentiment in Germany has improved in January. After a steady decline, the next half-year forward-looking expectations index...
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The Competition Authority fined consumer groups
Date: 2012-01-18 12:10:30
The Competition Authority fined three consumers groups for a total of six million forints for providing misleading informations to consumers – the GVH announced on Wednesday. The competition authority fined...
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2012: a new chance for family businesses
Date: 2012-01-18 11:21:34
As the seasons change and family business leaders measure and evaluate 2011 against what lies ahead, it is natural for them to want more and better information. The economy seems...
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Support for goat keepers
Date: 2012-01-17 12:10:15
The Magyar Agrárkamara (Hungarian Chamber of Agriculture) grants support to the she-goat keepers. The amount of the support is 3,000 HUF per goat. The applications should be sent by mail...
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Magazine: Non-food: manufacturer brands became more muscular
Date: 2012-01-17 12:04:39
We can observe different trends in the retail sales of individual household chemical and cosmetics categories. For instance, from the 60 categories audited by Nielsen, body lotion and toilet cleaner...
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The Chinese-Hungarian Business Council was etablished
Date: 2012-01-17 11:14:25
The Chinese-Hungarian Business Council(KÜIT) held its inaugural meeting in Budapest on Tuesday. The council’s Hungarian co-chairman is Csányi Sándor, the co-chairman of and the president and CEO of OTP Bank,...
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More and more elderly connect to the Internet
Date: 2012-01-17 10:09:46
According to the survey of NRC market research; nearly 4.5 million people are using internet in Hungary – showed the recent. Among the young people it isalmost no place to...
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IMF: economic activity weakens worldwide
Date: 2012-01-16 13:44:38
The European perspectives are mournful, the risks affecting Europe and the world economy are high – said David Lipton, Deputy Chief Executive Officer of the International Monetary Fund (IMF) in...
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Successful year for the Hungarian agriculture
Date: 2012-01-16 12:58:48
The Hungarian agriculture closed its most successful year since the EU accession – said Fazekas Sándor, Rural Development Minister. The sector’s performance increased by an about 20 percent in 2011,...
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The majority of the new jobs are created by SMEs in the EU
Date: 2012-01-16 12:58:04
Between the 2002 and 2010 period, 85 percent of the new jobs were created by small and medium-sized enterprises (SMEs) in the European Union – told the European Commission on...
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Darányi Plan: Hungary is an agricultural country originally
Date: 2012-01-16 12:50:30
Hungary “against all contrary opinions,” is an agricultural country originally – said Orbán Viktor, Prime Minister on Monday at the presentation of the Darányi Ignác Plan. According to Orbán Viktor;...
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Fazekas Sándor: wineries can apply for plantation renewal and for technology
Date: 2012-01-16 12:40:03
The wineries can apply for plantation modernization and technology improvements in 2012. Currently there are no available sources for investments – said Fazekas Sándor, Rural Development Minister in Szekszárd to...
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GMO maize utilized as animal feed
Date: 2012-01-16 12:20:10
According to Világgazdaság Online; the maize identified during the summer as GMO maize, is used as animal feed. 5 percent of the nearly five thousand acres of crops is matured,...
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Ukrainian grain harvest may be smaller by one-fifth this year
Date: 2012-01-16 12:10:02
Compared to last year, an about 22 percent decrease in the amount of grain may occur this year in Ukraine, especially due to the extreme drought, during the the autumn...
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FAO expects a decrease in food prices
Date: 2012-01-13 14:30:49
According to the UN Food and Agriculture Organization; the decline of the global food prices began late last year is expected to continue – writes MTI. The FAO analysts expect...
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Last year, the value of retail investments in Europe exceeded 28 billion euros
Date: 2012-01-13 13:10:11
Despite the continuous uncertain economic environment retail investment in Europe closed with strong profit in 2011, despite – shows the survey of Jones Lang LaSalle. The preliminary datas show that...
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Last year's costs may also factor this year's bread price increases
Date: 2012-01-13 13:00:48
Because of the weakening forint and the rising energy costs a continuous increase is expected in the price of bread and bakery products – told Werli József, Secretary General of...
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Big Mac index: the Swiss franc is the most overvalued currency in the world
Date: 2012-01-13 12:50:02
he forint is one of the most undervalued, but the Swiss franc is the most overvalued currency in the world – on the basis of Economist’s latest Big Mac index....
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Colza hit by autumn drought
Date: 2012-01-13 12:18:05
The drought autumn affected the Colza badly in Békés county; crop will be so much worse than last year. The secretary of the Békés County Agricultural Association told to MTI,...
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Magazine: Retail has no choice but to keep going forward
Date: 2012-01-13 11:50:43
Laurel organised their two-day Retail 2011 conference in Siófok, where the company’s owner-managing director István Bessenyei highlighted in his keynote speech that the appearance of smartphones has a strong influence...
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Tamás Fellegi’s forward-looking talks in Washington
Date: 2012-01-13 11:16:33
Minister without portfolio for negotiations between Hungary and certain international financial organisations Tamás Fellegi had informal consultations with the International Monetary Fund (IMF) in Washington between 9-12 January 2012 to...
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The Export Imperative: Business Survey on Foreign Expansion
Date: 2012-01-12 14:12:48
Companies are concerned about ‘place’ and ‘people’ when contemplating foreign expansion. Foreign workspace has to be flexible with only very short-term commitments. Opinion is divided over whether foreign operations should...
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The industry of the euro area further slows down
Date: 2012-01-12 13:30:37
The euro zone’s industrial production fell in November: compared to the previous month decline was 0.1 percent, while compared to the previous year a 0.3 percent decrease occured – reported...
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The Hungarian bakeries complaining of the Albanians bakeries
Date: 2012-01-12 13:05:32
The Hungarian bakeries consider the presence of the Albanian bakeries as a problem, although some say its all about rivalry – writes Magyar Nemzet. Werli József, the professional secretary, of...
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The rate of cocoa increases at the commodity exchanges
Date: 2012-01-12 12:40:15
In two days cocoa increased by 15 percent at the commodity exchanges. The rate of the raw material, began a steep rise after a nationwide strikes broke out in Nigeria,...
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IKSZ launches an awareness shaping campaign
Date: 2012-01-12 12:32:55
The Beverage Carton Environmental Protection Association (IKSZ) launches a large-scale awareness raising campaign this month, with the 48 million HUF support of the European Union. The campaign can be implemented...
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The new Erzsébet-voucher can be used for eating warm meal this year
Date: 2012-01-12 12:31:51
Erzsébet-voucher, which can be used to eat ready foods and cold food can be used for eating warm meal this year as well. The Erzsébet-voucher can be spent without contributions...
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