Market News
Innovation: word of mouth propaganda, product sample, store shelf
Date: 2013-03-02 20:01:33
Two out of three products are doomed to fail on the market and half of innovations cannot perform as well in the second year as in the first. There is...
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Twofold oversubscribe on the National tobacco shop tender
Date: 2013-03-01 13:00:28
About twice as many applications were submitted for the tobacco shop tender than the number of licenses can be given. The picture, however is deceptive: in big cities oversubscribe was...
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The Yves Rocher and the big chain of stores are the most popular brands in France
Date: 2013-03-01 11:20:52
The Yves Rocher cosmetics company and the big chain of stores are the most popular brands in France. The long time popular major public utility companies and car manufacturers were...
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Retail sales fell further in Greece
Date: 2013-03-01 11:00:03
Greek retail sales decreased significantly in December as a result of the government's austerity measures. According to the datas of the Greek statistical office; retail sales in December fell by...
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180 hectoliters of Whisky accidentally flushed at bottling plant
Date: 2013-03-01 10:58:08
Thousands of liters of Whisky has been flushed down the drain by accident at a bottling plant in Dumbarton, Scotland. It is reported that the incident occurred during the night...
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The AEE knows everything
Date: 2013-02-28 13:07:44
The requirements of the tax control unit (AEE) were thoroughly developed at NAV. It seems that the tax officers are trying to fend off even the most devious scams. You...
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eNET: online coupon market expanded significantly last year
Date: 2013-02-28 12:10:29
The online coupon market expanded significantly by almost 45 percent last year. The online coupon market’s turnover was 6.5 billion HUF in 2012 after the 4.5 billion HUF of 2011...
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The Hungarian Quality Product Award® Application was published for the sixteenth time
Date: 2013-02-28 11:25:09
The sixteenth Hungarian Quality Product Award® application was launched with the introduction of a new category and with the establishment of a new special award. The aim of Hungary’s most...
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Horse Meat Scandal: horse meat found in another French products
Date: 2013-02-28 11:05:30
The Panzani company belonging to the Spanish Ebro group announced on Tuesday that horse meat was found in the company’s canned ravioli products marketed in France. The product was prepared...
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Budai Gyula: the government solves the problems in the meat industry
Date: 2013-02-27 13:10:01
Budai Gyula, Secretary of State of the Ministry of Rural Development (VM) was negotiating over the issues of the meat sector at the Sajó-hús Kft. on Wednesday in Felsőzsolca, where...
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Hungary also received lasagne made of horse meat
Date: 2013-02-27 12:50:36
Hungary also received lasagne made of horse meat – National Director of Food and Feed Safety department of the National Food Chain Safety Office (Nébih) told MTI. It was expected...
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It will be tough where there is no mobile data connection
Date: 2013-02-27 12:30:20
According to the release of NAV, retailers will need mobile connectivity if they want to meet the requirements of the online cashier system. In special cases, exemptions may be granted,...
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Twenty thousand packets of cigarettes were seized in Tata
Date: 2013-02-27 10:55:36
When checking an Italian shipment twenty thousand packs of cigarettes were without tax stamps – the press officer of the Mid-Transdanubian Regional Crime Directorate of the National Tax and Customs...
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POPAI Hungary Association celebrates its 10th birthday this year
Date: 2013-02-27 09:40:37
POPAI Hungary Association celebrates its 10th birthday this year. ‘Innovation around the world’ is the motto of this year’s programmes and the first event will be the ‘Trade marketing, my...
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HUF 600 billion in municipal debt consolidation on the agenda
Date: 2013-02-27 09:34:34
Easing the burden on municipalities was again on the agenda of Tuesday’s cabinet meeting. It was decided that HUF 600 billion of local council debt, including 60 per cent of...
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Food VAT cut and new agricultural tax system?
Date: 2013-02-26 13:55:24
In mid-March, the the possibility of reduced VAT on foodstuffs will be once again submitted to the government. Interdepartmental negotiations and product-level impact studies are being conducted in the case,...
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Half of the costs can be saved with a webshop
Date: 2013-02-26 12:00:25
Those webshops may lose up to half of their customers, that do not introduce credit card or other online payment options, as the customers tend to buy in webstores that...
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The cashiers can be only serviced with new licenses
Date: 2013-02-26 11:57:47
It is an important change for servicers and technicians that they have to trigger new technician cards and seal printers to able to mend the new cashiers. From now a...
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There is a lack of customer service companies in health care and in trade
Date: 2013-02-26 11:52:08
In the last period, especially in the banking sector, the telecommunications companies and utilities boosted relations with their clients, while healthcare and some parts of the public sector are still...
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Lives lived on Instagram
Date: 2013-02-26 09:46:00
At Christmas many people changed their old mobiles to smartphones and at the same time the popularity of online photo-sharing service Instagram grew. This application makes it possible to edit...
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Fidesz is about to reduce VAT for basic food items
Date: 2013-02-25 16:00:19
Prime Minister Viktor Orbán held his traditional state-of-the-nation speech on 22 February in Budapest, providing a comprehensive assessment of the past year’s achievements and paving the way for future steps...
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KSH: volume of retail sales in December fell by 2.1 percent
Date: 2013-02-25 13:10:46
In December last year the volume of retail decreased by 2.1, in the entire year by 1.9 percent, compared to the datas of the previous year – the Central Statistical...
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Analysts: less-than-expected decline in retail sales last year
Date: 2013-02-25 13:00:12
According to analysts polled by MTI, retail sales decreased less-than-expected last year. The analysts expect a decline below 1 percent, which would be lower than last year’s data. The national...
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Ipsos: consumers pay for the extra costs packaged in the promise of sustainability and freshness
Date: 2013-02-25 12:40:40
Ipsos asked consumers in 26 countries, about the situations when they would pay more for food products because of the uniqueness of packaging. The two main reasons, are: 55 percent...
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The opposition parties urge the reduction of VAT on basic food products
Date: 2013-02-25 12:20:11
The reduction of VAT on basic food products was urged at the opposition parties’ coordination meeting on Monday. The Socialists informed MTI about the coordination meeting of the MSZP, the...
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Local currencies: catalysts for local economies
Date: 2013-02-25 11:25:51
The Soproni kékfrank is in circulation since May 2010, while the Balatoni korona was launched last year. Their financial coverage can also bears interest – said Varga István, the chairman...
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Recent food-adulteration scandal in Germany
Date: 2013-02-25 11:15:49
After the horse meat scandal, another food safety scandal raises waves in Germany. According to Monday's press reports, millions of eggs, produced in large plants were sold as organic eggs....
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Foreign luxury firms restrain their expansion in China
Date: 2013-02-25 11:00:29
Several large international luxury companies will restrain their expansion in China this year, especially due to the slowdown in sales and because of the central government’s offensive campaigns against luxury...
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GKI: Only consumers’ pessimism eased in February
Date: 2013-02-25 10:08:06
The GKI-Erste economic sentiment index adjusted for seasonal effects failed to reach its last year’s peak in February. Following a four month long continuous improvement it was already close to...
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The Ministry of Rural Development proposes a VAT reduction
Date: 2013-02-22 14:00:40
The Ministry of Rural Development submits its VAT cut proposal in mid-March – the Magyar Hírlap informs. The burden would be reduced in case of several products, but they does...
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