Market News
Only the exports seem to increase
Date: 2011-05-30 11:33:20
According to the forecast of GKI Economic Research Co., in 2011 external demand has been somewhat better than expected, however, uncertainty in the global economy has been greater than usual....
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Venison for private purposes without much administration
Date: 2011-05-30 10:47:21
Hunters will have to go through a simplified form of administration from now on, and if they only use venison for private purposes, the rules of small entreprenours will apply...
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Disabled people working in agriculture
Date: 2011-05-30 10:05:26
Hard work will be honoured again – MIklós Soltész secretary in charge of social, family, and youth issues said on Monday in Karácsond, Heves county. The village signed a contract...
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No decrease in quantity when it comes to FMCG-products
Date: 2011-05-27 15:49:46
“The Nielsen Company ended 2010 with strong fourth quarter performance. We continue to see high growth in developing markets and have accelerated investments in our portfolio of products and services....
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Rising food prices draws back retail
Date: 2011-05-27 13:15:03
The slowly rising consumer food prices already draw back the retail traffic – even though analysts expected expansion. The retail prices, due to the strong price competition and weak purchasing...
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Animal breeders will receive 20 billion HUF support this year
Date: 2011-05-27 13:10:18
In 2011 the swine and poultry sector will receive a total of 20 billion HUF from the Hungarian state -said Feldman Zsolt, Deputy Secretary of State, of the Ministry of...
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Few people familiar with the Hungarian Mangalica, Tokaji wine and goose liver in China
Date: 2011-05-27 13:08:41
According to the Chinese ambassador; the value of investments have also increased both in China and Hungary, and cooperation increasingly shifted from the traditional areas towards the dierction of green...
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Spanish vegatables checked in Hungary
Date: 2011-05-27 12:33:18
Hungarian rural development minister Sandor Fazekas has ordered the imediate strict control of groceries of Spanish origin, in order to protect the rights of Hungarian customers – the MInistry of...
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IT revolution in retail
Date: 2011-05-27 12:31:42
Currently one of the busiest branch of IT is the retail trade, where there is a constant need for business motivating solutions. Beside the developments within the retail space, such...
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The sugar beet growers will receive two billion forints
Date: 2011-05-27 12:30:02
The government provides 1.98 billion forints from the budget to support the sugar beet growers – states the communication of the Ministry of Rural Development on Friday. According to the...
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To what extent does income influence consumers’ store choice?
Date: 2011-05-27 11:02:55
Krisztina Kovács, sector manager, Consumer Tracking: GfK Hungária’s Retail Analysis 2010 helps us in answering the question in the title. Nearly nine out of ten households bought something in a...
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Member States are discussing standardisation of their environmental legislation in Budapest
Date: 2011-05-27 10:43:00
Hungary, with the environmental provisions of its new Constitution, is providing strong background support for the operation of organisations such as IMPEL (the European Union Network for the Implementation and...
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Hungary is at the forefront of volunteerism
Date: 2011-05-27 09:08:46
At the opening event of the ‘TeSzedd! Volunteer for a clean Hungary!’ action on Saturday, Sándor Fazekas said that this was a very important date in the European Year of...
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Győri: The spirit of the Presidency is manifest in volunteering
Date: 2011-05-27 08:00:33
There are few things that express the spirit of the Hungarian Presidency as well as volunteering does – Enikő Győri, Minister of State for EU Affairs of the Foreign Ministry,...
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Font Sándor: The entire food industry privatization should be reviewed
Date: 2011-05-26 13:24:46
The committee will primarily review the spontaneous and state privatization of the early '90s, the latter factory closures. The parliamentary committee will be formed within two weeks, and will be...
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Austrian-Hungarian cooperation will create the Center for Poultry Excellence
Date: 2011-05-26 13:20:41
The Vienna University of Veterinary and the Georgikon Faculty of the Pannon University signed a three-year cooperative agreement – announced by the cooperating parties. One of the world's leading university...
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Patagonia can be a famous wine growing region
Date: 2011-05-26 12:05:11
Argentine winemakers are trying to turn Patagonia as a famous wine-growing area. The task is a challenge, since the land is more a fertile land, the area has a very...
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Polish retail trade accelerates
Date: 2011-05-26 12:00:47
In Poland, unemployment fell in April, compared to the previous month, while retail sales jumped in April, grewing by nearly 19 percent compared to the same month of last year...
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GfK: Hungarian young people are the least committed towards their jobs
Date: 2011-05-26 07:00:00
The lack commitment towards workspaces is general among the young employees worldwide. Above all, they feel pressure at work, which causes long-term retention and management problems for the companies and...
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Consumer confidence further deteriorated in Europe's largets economy
Date: 2011-05-25 13:18:17
In Germany, the consumer confidence deteriorated further in June. The forward-looking, sentiment index became 5.5 points, weaker than the predicted 5.7 points of May. The assessment of the current situation...
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The apricots of Gönc received EU protection
Date: 2011-05-25 12:25:51
The European Union classified the apricots of Gönc as protected geographical indication products – announced the European Commission in Brussels on Tuesday. With the protection, the special Hungarian fruit became...
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Community shopping sites: everybody wins
Date: 2011-05-25 08:27:31
The secret of the popularity of community shopping systems lies in the win-win-win model ensuring that all actors involved in the business will win. The first community shopping sites appeared...
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CSR planning in Hungary
Date: 2011-05-25 08:15:47
Although in core business practice most leaders are aware of the fact that information needs to be acquired from a wide range of sources, decision makers in corporate enterprises seem...
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Moet Hennessy starts a new venture in China: sparkling wine
Date: 2011-05-25 07:27:04
French luxury giant LVMH Moet Hennessy Louis Vuitton embarks on a new venture in China — produce and sell high-end sparkling wine under its Chandon label. Moet Hennessy, the wine...
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Retail and agriculture have entered the danger zone
Date: 2011-05-25 00:41:15
In the first quarter of 2011 the number of insolvency procedures grew by 27 percent. This rate is higher than forecasted and Coface Hungary’s opinion is that it is because...
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OKSZ calls for the reduction of VAT
Date: 2011-05-24 14:00:23
According to the National Trade Association (OKSZ); the higher inflation is the main, that domestic consumption has not followed the growth of GDP in the first-quarter of 2011. The OKSZ...
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Retail still in trouble
Date: 2011-05-24 13:40:36
The retail sales in March shrank, compared to both the previous month, and the same period of last year. The flash report of the Central Statistical Office shows: the new...
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Ranking of competitiveness may improve
Date: 2011-05-24 13:17:02
“According to an international ranking of competitiveness published last week Hungary has a worse ranking than it did this time last year. Even though there is no possibility to face...
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The consumption of cheese specialties is concentrated to Budapest
Date: 2011-05-24 10:35:50
According to Gfk Hungária’s ConsumerScan, the more special a type of cheese is, the more Budapest-centred its consumption is; small towns and villages are strong in processed cheese consumption. Practically...
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Flexible working hours should be reflected by income
Date: 2011-05-24 08:38:41
This report identifies the three Vs: Virtual, adVantage and Value that will define the benefits of agile working as it emerges over the next decade. As the concept of ‘virtuality’...
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