Market News
UK food retailers are looking for cheap Eastern European labor forces
Date: 2011-03-29 13:08:35
English chains are recruiting foreign workers. Tesco is looking for new employees in Slovakia and in Poland, for example. In Hungary the recruitement of cooks became also popular. A few...
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Tender money to support the regional wine houses
Date: 2011-03-29 12:35:49
The Magyar Borok Háza Alapítvány(MBHA) (Foundation of Hungarian Wines) wrote out a 2.5 million HUF application to support the operation of the regional wine houses and, wine shops. The competition...
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Chocolate bar buyers pay attention to quality
Date: 2011-03-29 11:21:58
Economic recession left its mark on the market of chocolate bars too, but to a lesser extent than in the countline chocolate or praline categories. “One of the main reasons...
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Despite the 4 percent inflation we can find products that are getting cheaper
Date: 2011-03-28 15:19:47
In the first two months, prices were higher with an average of 4.0 percent, compared to the same period of last year – shows the analysis of the Central Statistical...
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Mangalica Pig may become a Hungarikum
Date: 2011-03-28 14:50:23
The aim of the breeders is that the high-quality Mangalica Pig, that has a centuries of tradition to be included among the Hungarikums – said Tóth Péter, President of the...
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Brussels provides 46 million euros to the Hungarian dairy producers
Date: 2011-03-28 14:30:41
The regulation over the special dairy support has been published. The regulation entered into force on the 28th of March. As the treatment of the specific disadvantages for of dairy...
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France would put the global food market on new basics
Date: 2011-03-28 13:59:07
France aims to repel speculation in food prices. While the European Commission not even mentioned speculation in its late January report as the reason of of food price fluctuations, France...
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China: sophisticated demand, dramatic supply
Date: 2011-03-28 13:13:57
More than 1,000 businessmen from 420 companies, government officials and economists participated in the first Nielsen China Forum in Shanghai. Mitch Barns, the president of Nielsen’s China affiliate told at...
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In most EU countries, the VAT rate of basic foodstuffs is lower than in Hungary
Date: 2011-03-25 17:40:29
As previously been reported in Hungary, many sectors are lobbying to ensure to be in the scope of the 5 or 18 percent reduced VAT rate, however, very few succeed...
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Are the less well-off really poor?
Date: 2011-03-25 15:06:08
Join us in a myth hunt! Each month Trade magazin and GfK Hungária Market Research Institute examine a statement popular in the field of retail, to decide whether it stands...
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After three-quarters of strengthening business sentiment in Germany declined slightly
Date: 2011-03-25 13:00:47
The business confidence index of the Munich-based Ifo Institute for Economic Research declined to 111.1 points in March, from the former 111.2 points of February, but it's better than the...
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France would coordinate the control of Japanese food
Date: 2011-03-25 12:59:59
France urged the European Commission to introduce a coordinated monitoring system in connection with the imported Japanese fresh products. So far, eight countries prohibit the imports of food from Japan....
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It is worthy to open sub-account for Internet shopping
Date: 2011-03-25 12:57:36
According to the recent survey of the National Consumer Protection Authority, 60 percent of the respondents have already paid online by credit card, a bad experience occurred at just one...
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Number of traditional small stores decreased, but they still catch 27 percent of all food sales
Date: 2011-03-24 18:26:13
The number of general grocery stores decreased by 2 percent, which means a total of 332 stores last year, compared to the previous year. Thus, there were 19 669 stores...
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Egg prices may significantly increase for Easter
Date: 2011-03-24 18:25:51
In Tolna county markets, farmers sell eggs for 28 to 32 HUF. According to a fellow worker of the Hungarian Chamber of Agriculture, before Easter, significant price increases are experienced,...
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The indication of discounted prices is problematic
Date: 2011-03-24 15:09:26
The National Consumer Protection Authority (NFH) investigated the Christmas promotional activities of twenty-seven chain of stores, as well as general trading coditions. Controls were carried out in a total of...
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Mobile phones may replace credit cards
Date: 2011-03-24 15:03:08
The NFC-based payment has the potential to help the purchases: the credit card of the future is the mobile phone. According to James Anderson, CEO of MasterCard; during the following...
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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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