Market News
Nearly 4 million tons of autumn wheat and 8 million tons of maize crop is expected
Date: 2011-08-03 13:10:19
According to the preliminary estimates; 3.9 million tonnes of autumn wheat and 8.1 million tons of maize crop is expected this year – told the Agriculture Directorate of the Agricultural...
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MasterCard: the future of customer loyalty programs
Date: 2011-08-03 13:02:42
It is possible that we can handle the different customer loyalty programs with using a single smart phone. Technically, in the near future it will be possible to treat the...
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Increased retail sales in the euro area
Date: 2011-08-03 13:00:05
Eurozone retail sales increased by greater-than-expected in June – reported Eurostat today. The monthly retail sales rose by 0.9 percent, after the 1.3 percent decrease of May, though the projections...
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Webshops face a 30 percent growth this year, again
Date: 2011-08-03 12:47:44
Webshops made a revenue of 137 billion HUF last year, which is quite a high number compared to the 99 billion HUF revenue of 2009, and the 65 billion HUF...
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GKI-Erste economic sentiment index reached its lowest level of the year
Date: 2011-08-02 12:58:59
In July the GKI-Erste economic sentiment index adjusted for seasonal effects continued to deteriorate. According to the empirical survey conducted by GKI with the support of the EU the declining...
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The strong Swiss franc obstructs the growth of consumption and retail sales
Date: 2011-08-02 12:50:25
According to the calculations of market analysts; the strengthening of Swiss franc since 2008 causes an affect corresponding to a six percentage point interest rate increase to the Hungarian households...
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This year's earliest European wine will be made of Csabagyöngye grape
Date: 2011-08-02 12:30:54
Last Friday the grape harvest has been started in Balatonboglár. The Csabagyöngye grapes will be transported to the Badacsony-based Varga Winery where Europe's earliest wine will be produced from it....
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Here is the list of foods that should be avoided in public catering
Date: 2011-08-02 12:28:08
The Chief Medical Officer recommended bouillon cubes, sugar-sweetened soft drinks and syrup, among the food products that should be avoided in public catering. The list also including too fat meat...
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Fair at the Hungarian-Croatian border
Date: 2011-08-02 12:24:02
A fair of local products will be held at the Hungarian-Croatian border near Letenye on both part of the Mura river in early September. The fair will be held between...
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Watermelon Day in Ópusztaszer
Date: 2011-08-02 12:11:24
Those who visit the National Historical Memorial Park of Ópusztaszer on Saturday can become acquainted with the traditional methods and tools of melon cultivation. At the yard of the open-air...
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Magazine: Short-term product advertisements replace brand building messages
Date: 2011-08-02 11:24:36
Al Reis, owner-managing director of Atlanta-based strategic marketing agency Reis&Reis wrote on AdAge’s website that these days big manufacturers are only riding the waves of product images they established with...
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NFH: National risk map is necessary in the field of consumer protection
Date: 2011-08-01 12:30:57
National risk map is necessary in the field of consumer protection in order to carry out more effective preventive work – toldPintér István, Director General of the National Consumer Protection...
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The school milk program continues
Date: 2011-08-01 12:28:03
The long-time ago established school milk program continues. Currently only every seventh child reaches milk. With the EU and national support about 760 thousand primary school students could consume 2...
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The ATM network is expanding
Date: 2011-08-01 12:25:38
According to the Brink's C.L. Hungary Zrt. value and cash logistics service company; following the expected expansion of the Hungarian ATM network a market worth of 3-5 billion will open...
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Wine marketing in late
Date: 2011-08-01 12:24:49
After the non-transparent operation of the previous years, the major wine-marketing campaigns could not start in time even in the new organizational system. The popular musician and TV personality, Hajós...
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Magazine: Tesco holds on to their market leading position and keeps investing in Hungary
Date: 2011-08-01 11:27:26
Since April Gerry Gray has been Tesco Hungary’s new CEO. He joined the Tesco team in 1988 as a shelf-replenisher and kept climbing up the corporate ladder in the following...
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Development Ministry on the Achievements of the Hungarian Presidency
Date: 2011-08-01 11:03:39
Hungary will benefit from it’s successful presidency in the long term, as stated during the press conference organised by the Ministry of National Development to give account of the activities...
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Hungarians are the most pessimistic in terms of financial situation improvement
Date: 2011-07-29 14:50:51
Hungary has the highest proportion of people who do not expect that their financial situation will improve – shows the latest Mood of the World 2011 study of GfK Roper...
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Campaign for the consumption of the Hungarian melon
Date: 2011-07-29 14:30:40
The Hungarian Melon Association and the FruitVeb with the support of the Agricultural Marketing Centre spends more than 20 million HUF, to stimulate the consumption of Hungarian melon domestically –...
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Chemicals and cosmetics market sales slightly decreased in both volume and value terms
Date: 2011-07-29 13:26:09
Hungary's retail household chemicals and cosmetics market was worth about 300 billion HUF in the first half of 2011, while sales slightly decreased in both volume and value terms, market...
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The Ministry of Rural Development easens the situation of slaughterhouses
Date: 2011-07-29 12:31:31
In order to encourage local production, the Ministry of Rural Development will make the food safety standards clearer and more transparent. The ministry's regulation raises the number of animals that...
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The Christmas fair has already started in London
Date: 2011-07-29 12:15:09
The Christmas fair has already started in London's Harrods and Selfridges department stores -record early. London, Harrods A Harrods spokesman explained the very early start with the number of foreign...
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The German Testbiotech Institute protests against the licensing of GM maize
Date: 2011-07-29 12:10:16
The Munich-based Testbiotech Institute called on the Commission to reconsider the marketing permission of a genetically modified maize variety. According to the German Institute; the EU announced the licensing of...
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New EU rules for wine-makers
Date: 2011-07-29 11:23:03
While the EU may finally deliver its overdue decision addressing use of “traditional terms” of winemaking, U.S. corporations must remain vigilant for violations of product labeling: Severe penalties can be...
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The wine and soda bus departs
Date: 2011-07-29 10:30:25
If summer, than wine and soda and wine and soda bus. This year's wine and soda campaign of the Agricultural Marketing Centre's (AMC) starts again. This year's campaign beside the...
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The Government’s work plan for the second half of this year
Date: 2011-07-28 17:05:15
Government decision-making does not stop during the summer: ‘The pace is maintained’. The Cabinet's agenda for the rest of the year comprises 164 laws, decisions and decrees, including decisions related...
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Dumping-like production and acquisitions before the introduction of the chips-tax
Date: 2011-07-28 15:00:18
Before the introduction of the chips-tax, the affected food manufacturers and retailers started a dumping-like production and acquisition, although the increase may not be long delayed. The food manufacturers want...
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Export sectors create jobs
Date: 2011-07-28 13:40:51
The number of employees between age 15-74 increased by 29,900 from 3,778,900 to 3,808,800 in one year (0.8 percent), which is the most dynamic growth of the past seven months...
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Wage supplement and Sunday opening hours
Date: 2011-07-28 13:10:24
According to the proposed modification of the Labour Code; the employers should pay fifty percent salary bonus to their employers working on Sundays, except for those part time workers, who...
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VAT-decision – The goverment accepts EU ruling
Date: 2011-07-28 13:00:23
Hungary is sticking to its 2011 and 2012 budget deficit targets and a European Court ruling on value added tax (VAT) refunds has no impact on the budget goals, spokespeople...
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