Market News
Aged wine stocks decrease
Date: 2010-09-29 00:00:50
The mountain village of Szekszárd, expects a decrease in aged wine stocks, after in this year is is expected to be less grape harvested in the Szekszárd wine region. In...
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German consumer sentiment is on its three-year peak
Date: 2010-09-29 00:00:05
Thanks to the continuation of economic recovery, declining unemployment and a moderate decline in prices, the German consumer sentiment improved in September, exceeding the expectations. According to the GfK market...
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The ministry would reduce the VAT of food products
Date: 2010-09-28 00:02:28
The Ministry of Rural Development proposes the VAT reduction of basic foods and cereal products – informs the Ministry of Food and Supervision Secretary of State in Bak, Zala County....
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The EU votes on sugar-free fruit juices
Date: 2010-09-28 00:02:20
The European Union would ban sugar from the fruit juices. They would also regulate, that the juices made of concentration could not be marketed as 100 percent fruit juices. In...
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Bread prices may rise permanently
Date: 2010-09-28 00:02:20
In a few months white bread prices may rise up to 30 percent. By the end of the year, around 300 HUF should be paid for a kilogram. The price...
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Russian food price stop to be cancelled
Date: 2010-09-28 00:01:59
The price of foods with social significance will not be frozen in Russia – reports the Russian newspapers on Monday. It is reported, that the participants at the Supervisory Board...
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A new trade war between China and the U.S.
Date: 2010-09-28 00:01:05
China announced that imposes import duty of the U.S. poultry products. According to the communist country, these products are marketed unfair, on dumped price. In the next five years, the...
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The improvement of the GKI sentiment index came to a halt in September
Date: 2010-09-27 00:03:52
The almost continuous and robust growth of the (seasonally adjusted) value of the GKI sentiment index came to a halt in September. According to the latest survey of the GKI...
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Every fifth turkey is exported from Hungary
Date: 2010-09-27 00:01:52
The Hungarian turkey sector constantly loses its position in the last six years, but it is still dominant at the European and even at the world market – states the...
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The new provisions of Pálinka distillation enter into force today
Date: 2010-09-27 00:01:05
The new excise tax rules of own and rented distilling enter into the force on Monday. An annual fifty liters of distillate of 86 degrees for own consumption is tax...
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The new Széchenyi Card Investment Loan started from the 1st of September
Date: 2010-09-24 00:09:55
The Hungarian government plans to support the micro, small and medium enterprise sector in order to recover the economy. With the three element of the Széchenyi Card Program (current account,...
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VEX and UX: The GKI – Microsoft competitiveness and environmental indices
Date: 2010-09-24 00:03:12
The Competitiveness Index (VEX) decreased in Romania, in the second quarter, compared to the previous, while in the other countries increased, with the most in Poland. The business environment index...
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World trade turnover declined in July
Date: 2010-09-24 00:01:25
According to the datas of CPB; World trade turnover decreased by 0.8 percent in July, which suggests that the economic recovery has lost momentum. World trade declined in July, the...
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Illusory retail sales growth
Date: 2010-09-23 00:04:31
The interviewed analysts explain the small retail sales growth of this July, with the increase of VAT last year. The volume of retail sales in July rose for the first...
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Sugar beet production is worth in Hungary
Date: 2010-09-23 00:04:09
The one and only Hungarian sugar factory produces 120 thousand tons of sugar this year, which is more than the quota of the European Union. The Magyar Cukorgyár Zrt. (Hungarian...
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One billion support for the school milk program
Date: 2010-09-23 00:04:01
Compared to this year's 400 million HUF, the government will support the school milk program with over one billion HUF next year, although a few years ago, the support was...
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Smaller apple yield Europe-wide
Date: 2010-09-23 00:01:01
This year, the apple will certainly getting more expensive, because one third of the expected crop was damaged by storms and pests. The are also problems with quality, because a...
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Shopping trolleys on a short leash
Date: 2010-09-22 08:00:00
In 2009 at least 17 US cities passed decrees to regulate the problem of abandoned shopping trolleys. Retailers and shoppers who break the rules will have to pay serious fines....
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Export plays the main role
Date: 2010-09-22 08:00:00
According to a forecast by GKI Gazdaságkutató Zrt. and Erste Bank, mainly export-driven economic growth will be around 1 percent this year in Hungary. Industrial production in the first five...
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Coffee brands use prize games to win consumers
Date: 2010-09-22 08:00:00
Although coffee is still one of the most popular products, in the recent period the market contracted significantly. Despite this trend Beatrix Pálvölgyi, Sara Lee Hungary Zrt.’s PR manager is...
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Defied stereotypes
Date: 2010-09-22 08:00:00
The latest research by Ipsos Mendelsohn revealed that rich American moms buy the same things at the same places as less well-off mothers. It also turned out that rich mothers’...
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Greece on top of the inflation list
Date: 2010-09-22 08:00:00
EUROSTAT reported that consumer prices diminished in the eurozone in July, in comparison with June. In the EU-27 consumer prices were 1.9 percent higher in the same period. Prices decreased...
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Coffee is still a popular and specific drink
Date: 2010-09-22 08:00:00
In the first half of 2010, 84 percent of Hungarian households bought coffee. Most of them, 65 percent bought ground roasted coffee; the second most popular was 3in1 and cappuccino...
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The freedom of decision making
Date: 2010-09-22 08:00:00
Shoppers in the 21st century are different: consumers habits have changed, so it is worth rethinking the tools of brand and product communication. How to reach the new type of...
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Disappointing second quarter results in European food retail
Date: 2010-09-22 08:00:00
In the second quarter less food was sold in retail in ten developed European countries (Hungary included), compared to April-June 2009. In terms of value, Nielsen Growthreporter registered negative performance...
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Non-alcoholic and single-flavour pralines strengthened their position
Date: 2010-09-22 08:00:00
In December 2009-May 2010 praline retail sales diminished by 19 percent in volume and by 13 percent in value, in comparison with the same period in 2009. The size of...
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An overview of Hungary’s agricultural foreign trade balance
Date: 2010-09-22 08:00:00
According to data from the latest report by KSH (Central Statistical Office), published on 30 July, Hungary’s agricultural export was EUR 2,143.6 million in the first five months of 2010....
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Food import is shrinking
Date: 2010-09-22 08:00:00
In January-May 2010 the volume of export augmented by 17 percent and import growth was at 15 percent. KSH’s quick report reveals that our export balance surplus was HUF 605...
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It is now that brand building among pralines bears fruit
Date: 2010-09-22 08:00:00
Economic recession hit praline sales rather late, in last October-November. Data by Nielsen indicate that average prices grew significantly and small packaging units strengthened their position, while private labels also...
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Household chemical and cosmetics products seem to stabilise their position
Date: 2010-09-22 08:00:00
Turnover of the 60 household chemical and cosmetics products measured by Nielsen went above HUF 145 billion in the first six months. Toilet paper, soap, face and anti-wrinkle cream, insecticide...
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