Market News
Both consumer confidence and propensity to buy increase
Date: 2011-06-28 18:30:52
Confidence Index, the Consumer Expectations Index and the Propensity to Buy Index have increased in the 2nd quarter of 2011. Slightly fewer people expect unemployment to grow, and inflationary expectations...
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An MP of Fidesz would exempt cocoa powder from the chips-tax
Date: 2011-06-28 13:35:42
A law amendment would remove the cocoa powder from the public health product tax. According to the law amendment of Koncz Ferenc (Fidesz); cocoa powder would not fallen under the...
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More and more retailers bankrupt
Date: 2011-06-28 13:20:05
3.3 percent of the domestic retail companies were closed last year, far more than in the other sectors. In the first part of 2010 and 2011 the number of bankruptcies...
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From Friday an EU regulation will make pizza and cake more expensive
Date: 2011-06-28 13:18:08
From the 1st of July a 25 percent VAT should be charged in restaurants after cakes and pizzas – published the tax authority for the request of Pénzcentrum.hu. If someone...
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Hungary can be China's Central European Gate
Date: 2011-06-28 13:15:53
Hungary can gain a prominent place in Central Europe, if the country will become China's central European logistics and trading center. Due to the Hungarian-Chinese agreements signed during the weekend,...
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Parliamentary committee set up to examine the privatization of the sugar industry
Date: 2011-06-28 13:10:40
The parliament set up a committee on Monday, in order to examine the privatization of the sugar factories. The proposal of Font Sándor, Ivanics Ferenc és Sebestyén Lászó was adopted...
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Naturalma program for organic apple-growing
Date: 2011-06-28 12:40:51
The Naturalma program promotes disease resistant dessert apple varieties in Hungary. For those who plants apples suitable for organic production it is not required to switch to organic farming, but...
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Health care businesses need more consciousness
Date: 2011-06-28 11:31:27
1st July is the day of Hungarian health care – thus it is an excellent opportunity to take a closer look at the way this sector keeps changing. THe main...
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A Stable Agricultural Market is in the Interests of the EU and Hungary
Date: 2011-06-28 11:17:13
Stable agricultural markets and predictable prices are in the interests of both the EU and Hungary – said Minister for Rural Development Sándor Fazekas, summarising the discussions held during the...
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The public health product taxes would be applied on five product groups
Date: 2011-06-27 16:40:12
According to the proposal, that was submitted to the parliament on Friday by two MPs of Fidesz; the so-called hamburger tax would be applied on five product groups. After she...
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Chocolate prices may increase by 20 percent this summer
Date: 2011-06-27 16:10:19
After the price increase of sugar, the chocolate will soon be a luxury item. Within a few weeks we have to pay more for candies. Hungarians last year consumed 60...
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So far only five countries can export vegetables to the Russian market, Hungary is not among them
Date: 2011-06-27 13:30:20
The Russian authorities permits the restarting of vegetable exports for five countries. Hungary is not among these countries yet. The Russian consumer rights supervision can permit the restarting of vegetable...
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The Ministry of Rural Development considers banning of some unhealthy food products
Date: 2011-06-27 13:10:47
Some unhealthy foods would be banned from the Hungarian market and their sale would be pushed back with economic tools – said Ángyán József, State Secretary of the Ministry of...
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Three wines won the Veszprém County's Wine recognition
Date: 2011-06-27 13:02:10
The top quality wines of Veszprém county have been selected: Among the 36 wines of 23 experts a total of 14 were found worthy for the final jury, three of...
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European Commission: the dietary food denomination should be deleted
Date: 2011-06-27 13:00:04
According to the concept of the European Commission; the dietary food denomination should be deleted to fill in the legislative gaps of the EU, and to restrict the companies' access...
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A good harvest is coming
Date: 2011-06-27 10:16:48
Winegrowers can take it easy now: seems like this year's harvest is going to be successful. Hungarian winegrowers can reach a total of 3.5 million hectoliter wine-harvest in 2011, according...
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Thousands of jobs might be created by Chinese companies in Hungary
Date: 2011-06-27 10:14:55
The parties attending the plenary session of the Hungarian-Chinese Joint Economic Committee in Hungarian Parliament on 22 June 2011 discussed new initiatives with the aim of expanding and intensifying bilateral...
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José Graziano da Silva of Brazil elected FAO Director-General
Date: 2011-06-27 09:35:31
José Graziano da Silva of Brazil was elected Director-General of the UN Food and Agriculture Organization (FAO) today. Graziano da Silva, who is 61, received a total of 92 votes...
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New competition by the Food and Agricultural Organization of the UN
Date: 2011-06-27 08:44:31
2567-CIO – Information & Communications Technology Officer P-4 Deadline: 21st July 2011. The entire material can be downloaded here…...
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Four Hungarian FMCG-companies to be closed
Date: 2011-06-24 17:44:56
The so-called hamburgertax is going to affect all products containing too much sugar, salt or coffein. This way, companies like Coca-Cola, Pepsi, Nestlé or Chio will have to pay an...
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Hungarian candy industry is facing a bitter year
Date: 2011-06-24 16:43:01
The new hamburgertax – officially called national health care product-tax – offers a bitter year for the Hungarian Sweets Industry, especially considering that incredients have also faced a rather significant...
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Retail sales decreased by half percent in the first four months
Date: 2011-06-24 13:45:35
The retail shops – on the basis of the calendary adjusted datas – in April 2011 had 1.3 percent sales volume, compared to April 2011. Retail turnover in the first...
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Consumption and and consumer confidence are still weak
Date: 2011-06-24 13:42:54
The retail sales are below the expectations, that can be threat on the growth prospects of the Hungarian economy – says Suppan Gergely senior analyst of TakarékBank. Retail sales were...
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EU food labeling: nutrient composition will be indicated on prepackaged food
Date: 2011-06-24 13:15:19
The Member States supported the compromise on food labeling, which was created between the Hungarian presidency and the European Parliament (EP) – states the Ministry of Rural Development (VM). The...
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The sugar delivered from the state stocks will be 275 HUF per kilogrammes
Date: 2011-06-24 13:12:43
A decision was made several weeks ago, that the two thousand tons of sugar, from the state stocks will soon be marketed. 1000-1000 tons will be marketed in the stores...
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The IDEA draw conclusions on sales decrease of chips and soft drinks from American experiences
Date: 2011-06-24 13:11:05
The Institute for Democratic Alternative (IDEA), analyzed the possible scenarios of the introduction of the public health product regulation. The Government intends that the revenues from the new tax would...
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The G20 will fight for the stability of food prices with a joint database
Date: 2011-06-24 13:10:27
The 20 most advanced economies creates a common database, in which they will inform each other on agriculture, food production, consumption and inventory datas. At the same time, they agreed...
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Almost half of the shopliftings are committed by a criminal organizations
Date: 2011-06-24 13:00:48
Almost half of the stolen goods from hyper-and supermarkets are by criminal organisations working for orders. The thieves cause tens of billions of forints worth damages every year – reports...
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The Váci1 soon to be ready
Date: 2011-06-24 12:50:29
The construction of the Váci1 business center, situated in the Vörösmarty square came to its final phase. This is Hungary's largest historical commercial real estate development of the recent years....
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Magazine: Record performance from our agricultural foreign trade in 2010
Date: 2011-06-24 12:43:26
In 2010 our HUF 5.8-billion export expanded faster (by 13.8 percent) than import (9.7 percent), therefore Hungary’s balance in agricultural foreign trade improved in spectacular fashion, by 22 percent. This...
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