Market News
Atradius: one-third of the bills are paid late worldwide
Date: 2012-02-01 12:59:07
Businesses pay 30 percent of their bills late and in case of 12 percent the delay may be longer than two months – shows the most recent survey of Atradius...
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Cigarette prices will increase in both February and July
Date: 2012-02-01 12:14:30
Cigarettes will be burdened by11,500 HUF per thousand and 30 percent excise duty per of the retail sales price from February 1, from and another increase occurs in July. This...
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Rural organizations in focus for the International Year of Cooperatives
Date: 2012-02-01 12:11:03
nternational years are declared by the United Nations to draw attention to and encourage action on major issues. The International Year of Cooperatives is intended to raise public awareness of...
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The Czech Republic would introduce excise duty on wine consumption
Date: 2012-02-01 12:10:26
Miroslav Kalousek Czech Finance Minister wants excise duty to be imposed on wine. Currently, excise duty wine is zero, just klike in the case of beer. The burden may be...
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In November foreign trade volume increased again
Date: 2012-02-01 11:55:38
In November 2011, the volume of exports increased by 7.9%, and that of import grew by 4.5% compared to the same period of the previous year. The dominant part of...
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The number of employees increased by 46 thousand in a year
Date: 2012-01-31 13:20:19
The number of employees was 3 million 851 thousand in the fourth quarter of 2011, which is 1.2 percent more than in the same period of the last year. According...
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Wafers: the 401-2,500m² channel is the most important
Date: 2012-01-31 12:43:49
The annual wafer market is around HUF 18 billion, with retail value sales augmenting by 5 percent and volume sales declining by 2 in the last December-September period. From the...
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German retailers expect an increase in turnover this year
Date: 2012-01-31 12:19:43
The purchasing sentiment of the population improves the retail sales further in Germany. After a 1.5 percent growth in turnover, the German retail sector this year can expect 420.6 billion...
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Every third youngster would work abroad
Date: 2012-01-31 10:50:44
Only three percent of young people in Hungary have worked abroad, but more than third willing to work outside the borders for higher income and living standards shows the national...
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Used Car Industry Poised for Growth in 2012
Date: 2012-01-31 10:38:24
The used car industry had a good 2011 and it's looking to have an even better 2012 based on predictions by an industry expert who sees strong sales numbers continuing...
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Magazine: Praline buying is characterised by both brand loyalty and economising
Date: 2012-01-30 22:50:07
Among sweets pralines represent the highest price category, consequently sales have been declining ever since the economic crisis commenced in 2008. However, this contraction slowed down recently and the last...
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Wine producers are forced to raise prices
Date: 2012-01-30 12:20:08
Wine producers were forced to carry out double-digit price increases this year, due to the wine’s purchase price increase and due to the growth of production costs – told Varga...
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Orchards to be listed
Date: 2012-01-30 12:13:59
Orchards will be listed in Hungary this year, if the Parliament adopts the amendment of the 2006 law. The bill was uploaded to the website of the Parliament on Monday....
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Hungarian beekeepers to apply for 1.2 billion HUF EU funds
Date: 2012-01-30 12:12:59
Until 2013 beekeepers can apply for1.2 billion HUF EU funding in the scope of the Hungarian National Apiculture Programme. According to the Rural Development Ministry; the high, 90-95 percent utilization...
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Hungarians are saving for holiday
Date: 2012-01-30 10:19:15
We tend to believe that saving money is a necessary part of life, and most of us are consciously looking for possibilities to save money – a new survey by...
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New agricultural books are needed
Date: 2012-01-30 09:34:49
The brand new Darányi Ignácz Plan, within the compass of the National Rural Strategy, believes that an important basis of modern agriculture is tradebook – minister in charge of rural...
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Vodka and gin: higher sales in terms of both value and volume
Date: 2012-01-30 03:00:34
Total annual retail sales in the nine spirits categories measured by Nielsen reached the value of HUF 66 billion in the August 2010-September 2011 period. Only vodka and gin sales...
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Less but higher quality alcoholic drinks are sold
Date: 2012-01-30 02:57:05
Alcoholic beverages constitute a special market in Hungary as spirits, wines and beers have a one-third share of the market each. Wine consumption has declined recently and the annual average...
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Good market position for chocolate
Date: 2012-01-30 02:38:55
According to the Nielsen Retail Index, total value sales of the three chocolate segments increased by 3 percent in the December 2010-September 2011 period, compared with the same period a...
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Market expansion and strengthening manufacturer brands
Date: 2012-01-30 02:12:26
2 percent higher value sales and 1 percent more sold in terms of volume in December 2010-September 2011 – this is how the meat product market developed according to the...
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Food Club Workshop was launched
Date: 2012-01-30 02:09:23
Food Club Foundation was established this year and its undertaking is to analyse the state of play in the Hungarian food sector and the chances for increasing its competitiveness. The...
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New taxes on food products reduce competitive chances
Date: 2012-01-30 02:03:12
It is too early to predict the consequences of the public health product fee (NETA) – we heard at the food processing conference recently held in the German and Hungarian...
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Stress management guide
Date: 2012-01-30 00:55:52
We are living turbulent times: companies are leaving the country, employees are laid off and there are restructuring processes under way everywhere. This lack of stability puts great pressure on...
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The GKI improved this year's GDP expectations
Date: 2012-01-27 14:05:42
Despite the previously projected 1.5 percent decrease the GKI Gazdaságkutató Zrt.expects a one percent decrease in 2012. The economic research points out in its evaluation sent to MTI that the...
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Grant increased to 10 million from the former 4 million HUF on the most popular competition of the New Széchenyi Plan
Date: 2012-01-27 13:00:15
On the New Széchenyi Plan’s (ÚSZT) “Micro-enterprise development” competition the amount of support increased more than twofold, from 4 to 10 million HUF. The discount credit beside the support can...
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Credit card payment is more and more popular
Date: 2012-01-27 12:50:30
According to the most recent survey of MasterCard; the improving trend of the popularity of credit card payment in Hungary continued in 2011: an 8 percent increase occurred among those...
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U.S. consumer optimism spins the world's largest economy
Date: 2012-01-27 12:25:11
In January, consumer sentiment continued to improve higher than the expectations of the analysts in the United States. The joint monthly sentiment index of Reuters news agency and the University...
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HITA, intellectual property office partner supportS SMEs
Date: 2012-01-27 12:24:20
The Hungarian Investment and Trade Agency (HITA) and the National Office of Intellectual Property (SZTNH) have signed a cooperation agreement in the interest of improving the competitiveness and innovative activities...
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The Italian mafia involved in the counterfeit of food
Date: 2012-01-27 12:08:17
According to an Italian parliamentary report; organized crime plays a significant role in the distribution of counterfeit food products labeled as Italian goods – informs the National Board Against Counterfeiting....
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Sugar-quota will not be cancelled
Date: 2012-01-27 11:54:42
The state of secretary in charge of agriculture believes that there is a good chance that the sugar quota will not cease to exist within the European Union – György...
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