Market News
Russian auditors opening facilities for the entire Hungarian food market
Date: 2011-04-15 17:08:42
Russian auditors – controlling experts – arrive to Hungary on 25th April, in order to examine the Hungarian companies willing to export their products. Their major goal is to decide...
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Nielsen: last year, the chocolate rabbit overtook eggs in value
Date: 2011-04-15 13:11:22
The retail sales of Easter seasonal confectionery has been slowly declining. Their store sales in the 2010 holiday season, compared to the previous year, decresed by one percent to about...
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300 food stores closed in one years
Date: 2011-04-15 12:42:29
Currently there is 300 less food stores in Hungary, than a year ago. The number of hypermarkets and discount stores increased in the largest extent, and there are also cities,...
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Retail becomes more and more international
Date: 2011-04-15 12:41:04
Despite the challenges, the international players of retail trade continued to expand on the global market – shows the annual report of CB Richard Ellis (CBRE). The survey of CBRE,...
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The EU consumers trust in locally produced food
Date: 2011-04-15 12:35:20
This opinion was confirmed at the meeting of the agriculture ministers of the European Union member countries in Luxembourg on Thursday. The consumers are much more confident with the local...
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Coordinated control before Easter
Date: 2011-04-15 12:09:35
The police, the tax office, the food safety and consumer protection authority possess the stores. They are looking for violators before Easter. The action focuses mainly on Budapest and Pest...
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U.S: consumer confidence increased again
Date: 2011-04-15 12:00:22
On the basis of the survey of Thomson Reuters / University of Michigan; consumer confidence in the U.S. began to rise in April after the 16-month nadir of late March....
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MFB: weak private consumption holds back economic growth
Date: 2011-04-14 15:35:08
Private consumption is expected to hold back the economic growth in the first part of the year in Hungary, after the consumer confidence index, decreased from February to March in...
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The Ministry of Rural Development would introduce a product fee on meat products
Date: 2011-04-14 14:41:09
The Ministry of Rural Development intends to introduce a product fee on animal products, intending to replace the meat inspection and other official fees. The Ministry of Rural Development (VM)...
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Brand value can mean a considerable portion of the purchase price of the company
Date: 2011-04-14 13:20:48
Predictable taxes, measurable efficiency, up to an additional multiple access in case of acquisition, or significantly improved financial and investment opportunities. These are some important advantages, which in any case...
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Media Council develops a recommendation for product placements
Date: 2011-04-14 13:15:38
The new media law legalized product placement as a commercial communication. Since the beginning of the year, advertised products can legally appear in the programmes. The Media Council decided to...
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Careful consumption dampens retail price increase
Date: 2011-04-13 16:13:47
The price increase of agricultural raw materials increased retail prices. According to the datas of the Central Statistical Office (KSH); the average consumer price of foods incresed by 8.6 percent,...
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The Meat Association expects a 15-20 percent price increase
Date: 2011-04-13 13:02:17
Meat prices may reach their peak by the end of the year. Specialists expect 15-20 percent price increase. According to the president of the Meat Association; a kilogram of live...
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We can not avoid the increase in egg prices
Date: 2011-04-13 12:43:00
Prices may increase dramatically not only because of the upcoming Easter. Due to a European Union regulation domestic producers still need to make investment of 40 billion this year.As the...
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More and more card readers
Date: 2011-04-13 12:38:40
Despite the adverse economic environment, the number of POS terminals significantly increased in commercial units in Hungary. According to the datas of the central bank, at the end of the...
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Euro zone’s industry incresed by 7.3 percent on an annual basis
Date: 2011-04-13 12:15:50
Euro zone’s industrial production increased less than expected in February, while in Germany continued to grow, and in other member countries turned into increase, but in Greece and Ireland declined...
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The agricultural strategy for the next ten years has been completed
Date: 2011-04-13 12:04:37
The debate linked to the ten-year plan of rural development has begun – the Ministry of Rural Development announced. The aim of the strategy, among other things, is to keep...
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New EU-rule: no wine-delivery documents needed
Date: 2011-04-13 11:19:03
Within the framework of the new legistal norms of the EU, winegrowers face several new rules to make their life easier when it comes to administration. There are certain new...
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Meat consumption has been declining for years
Date: 2011-04-12 17:00:31
It is necessary to admit: 2010 was not a succesful year for the meat industry, according to Tamás Éder, head of the Hungarian Meat Industry Association (MHSz) who summarized the...
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Increae of food prices led to an inflation
Date: 2011-04-12 13:25:34
In March 2011 consumer prices increased by 1.1% compared to the previous month and rose by 4.5% compared to March 2010. In the first three months of 2011 the average...
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More and more potatoes need to be imported
Date: 2011-04-12 13:01:42
Hungary does not have a sufficient number of potatoes at the moment: according to the president of the Potato Product Council, the country needs to import a significant amount of...
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Always check the pricetag of Easter-ham
Date: 2011-04-12 13:00:25
The most important thing to look at when purchasing Easter-ham should be the price-tag – FÉBÉSZ (Customers' Rights Association) warned customers this season In the heat of the Easter ham-business,...
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Payvment launches Facebook Shopping Mall
Date: 2011-04-12 13:00:00
Popular Facebook e-commerce platform Payvment announced the launch of its latest endeavor: the first-ever Facebook Shopping Mall. The new project is marvelously simple: like any other mall, the Payvment Shopping...
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German investor-expectations getting worse
Date: 2011-04-12 12:20:55
he ZEW German investor-expectations index declined more sharply than forecast in April to 7.6 from 14.1 in March, the Mannheim-based Center for European Economic Research, or ZEW, reported Tuesday. Economists...
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Coface: risky companies already closed
Date: 2011-04-12 12:00:04
The percentage of the Hungarian companies classified as risky is still above the regional average, but the latest figures from Coface Hungary show an improvement, with the figure falling to...
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KSH: The producer price level of agricultural products increased by almost half
Date: 2011-04-11 14:21:15
The level of agricultural output prices in February 2011 was 47.5 percent higher than a year ago – reports the Central Statistical Office. The price level of plant products increased...
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OECD: Hungary’s growth may continue to accelerate
Date: 2011-04-11 14:14:50
Hungary’s growth may accelerate further, the France expansion can also be started, while the UK continues to be slow, but still on a stable expansion path – shows the February...
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Sunday opening hours: the government will not decide without impact studies
Date: 2011-04-11 14:12:37
The government needs impact studies to decide over the Sunday opening hours of the retail scetor – said Nagy Anna government spokesperson on Sunday, in response to the questions of...
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MNB: local currency is risky
Date: 2011-04-11 14:01:42
It is easier to forge, it is not clear what will be happen with the forints given in exchange and does not support the local economy either – states the...
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Ipsos: the most popular leisure activity for young people is hanging at the mall
Date: 2011-04-11 13:58:57
Ipsos carried out a nationwide research, with a participation of 500 youngsters between age 15-25. The personal survey took place in the first quarter of 2011 covered three areas: music...
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