Market News
Excerpt from the president’s justification:
Date: 2009-10-27 08:00:00
…” It is the Parliament’s right to decide whether legislative means are needed to repel unfair market conducts. (…) I doubt whether the law is completely in line with the...
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In Poland thousands of small shops disappear, but their market share is stable
Date: 2009-10-27 08:00:00
According to Nielsen’s ShopperTrends survey, the market share of small traditional shops has been stable at 55 percent for three years. Among modern retail channels supermarket is the most popular....
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New advertising code of ethics entered into force
Date: 2009-10-27 08:00:00
The new Hungarian Advertising Code of Ethics was signed by 26 professional organisations and entered into force on 30 September 2009. It is based on the Code of Ethics of...
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Where were bakers mistaken?
Date: 2009-10-27 08:00:00
The aim of the Association of Hungarian Bakers and baking companies was to cooperate and to harmonise the activities of the different actors in the baking industry, in order to...
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Customer satisfaction is the guarantee for our company’s success
Date: 2009-10-27 08:00:00
We had a conversation with CEO Dr. Tibor Bakonyi about the steps the company has taken recently to improve their market position and serve customers. According to the CEO, during...
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Non-alcoholic mono pralines become more robust
Date: 2009-10-27 08:00:00
Retail sales of praline were up by 6 percent in value in August 2008-July 2009, with the market exceeding an annual HUF 19 billion. As for volume, praline sales reached...
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The handbrake is on
Date: 2009-10-27 08:00:00
A bill has been proposed in Parliament that would strengthen the bargaining position of suppliers and would limit detrimental conditions (buying back obligation of suppliers, long payment deadlines, etc.) set...
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Sailing out of the crisis – with innovations
Date: 2009-10-27 08:00:00
“We sail out of the crisis!” This was the motto of the trade symposium organised by STI Petőfi Nyomda Kft. on the Zsófia event boat in September. Managing director Dr...
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Praline buyers do not economise when buying them as a present
Date: 2009-10-27 08:00:00
As a result of austerity measures, the praline market has also stepped on the brake: growth rate drastically slowed down and now approaches stagnation. Bonbonetti’s sales director, György Seregi is...
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Széchenyi Card increasingly popular
Date: 2009-10-27 08:00:00
– Enterprises do not dare to make long term plans and choose easily accessible, cheap loans. Consequently, the number of companies applying for Széchenyi Card grew significantly – says László...
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Lower praline sales in the first 6 months
Date: 2009-10-27 08:00:00
According to GfK Hungária’s ConsumerScan, average praline sales exceeded 1.3 kg (approximately 8 boxes) in the first 6 months, we usually buy 1-2 boxes once a month. Buying frequency was...
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Széchenyi Card in numbers
Date: 2009-10-27 08:00:00
The programme was launched in 2002 and after 160,000 applications 120,000 have been handed out so far. SMEs usually apply for HUF 5 million or smaller loans. More and more...
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Pasta market surpasses HUF 27 billion
Date: 2009-10-27 08:00:00
Annual pasta sales were up by 4 percent in August 2008-June 2009 and surpassed HUF 27 billion. In the same period volume sales stagnated around 53,000 tons, reveals the Nielsen...
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Decrease has not stopped
Date: 2009-10-27 08:00:00
Retail sales continued to fall in July (6.6 percent in volume). According to KSH’s report, the decrease was 2.3 percent smaller than in the previous month. In the first seven...
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More cooking done at home is both an opportunity and a challenge for pasta
Date: 2009-10-27 08:00:00
Average price on the pasta market has been stagnating since 2008 and private labels have achieved a 45 percent market share. Import is not significant and egg-content is practically unchanged....
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Cattle sent to the slaughter
Date: 2009-10-27 08:00:00
Agricultural Eonomics Research Institute (AKI) continuously monitors and publishes world trends in poultry and fruit/vegetable products. Their latest market report reveals that decrease in the production price of domestic slaughter...
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Panorama on the Christmas commercial credit market
Date: 2009-10-27 00:05:11
The CEO of Hungarian Cetelem expects subdued season on the commercial credit market. According to Lendvai János; unemployment causing serious problems, making it difficult to expected high demand for loans...
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The number of conferences halved in the first part of 2009
Date: 2009-10-27 00:04:12
According to the compilation of the Hungarian Convention Bureau; during the first half of this year, 118 international conferences were held in Hungary. This is a 51 percent decline, compared...
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Bankruptcy wave before peak
Date: 2009-10-27 00:03:12
According to the latest analysis of Coface Hungary; the insolvency ratio of the firms increased by 36 percent in the first nine months of this year, compared to the same...
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Does not involve consideration to the webshop in case of waiver clause
Date: 2009-10-27 00:01:55
The union court stated: In the cases of Internet orders, if the buyer cancels, one should not pay fee for the usage to the seller, despite one used the product...
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Consumer confidence fell in Germany
Date: 2009-10-27 00:01:25
According to GfK market research institute; contrary to the expectations, consumer confidence has deteriorated in Germany,: November’s sentiment index decreased by 4.0 point from the previous 4.2 points. The analysts...
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Coffee is good for the liver
Date: 2009-10-27 00:00:28
According to the analysis of the American Cancer Institute (NCI) the daily consumption of coffee, has beneficial effect on liver function. Those chronic hepatitis C patients who drink three or...
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Quality complaints against dairy products
Date: 2009-10-27 00:00:15
All produced and marketed milk of Fresh Food Ltd. before 21st October will be recalled, because it does not meet the required composition – stated the Agricultural Office Authorization. The...
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Trade: sloping down
Date: 2009-10-26 00:06:21
According to the datas of the Central Statistical Office; retail sales decreased in the August of 2009 by 8.5 percent, compared to the same month of 2008. At foods 7...
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The economic expectations are improving for six months
Date: 2009-10-26 00:05:21
The seasonally adjusted value of the GKI economy index increases for six months now, after nearly half-year fall. The improvement is, however, slower than the deterioration was, so it is...
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Italian investment is expected in the Hungarian food industry
Date: 2009-10-26 00:04:58
The Hungarian investment promotion agency is negotiating with several Italian companies, over investment opportunities, in the areas of food processing and alternative energy – said Spányik Péter leading external diplomat...
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Selling glasses and concert tickets in hypermarkets
Date: 2009-10-26 00:03:12
British hypermarket chain, the Asda will open optical desks in 84 stores in Britain. The strong retail chains are selling quite different products differ from their profile, more often. Asda...
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EU protection for the Hungarian horse-radish
Date: 2009-10-26 00:02:24
The European Commission declared protected and added Hajdúsági horse-radish to the narrow range of protected products of the European Union. According to the communication of the EU, Government, the Hungarian...
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Hungarian wines in Milan
Date: 2009-10-22 00:05:18
For the first time in Italy, the Hungarian Investment and Trade Development Agency (ITD Hungary) organised an autonomous Hungarian wine presentation. The Milan event aims to promote the wines of...
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GfK – nine-tenths of the population agrees with the proposal of MNB
Date: 2009-10-22 00:04:22
According to GfK Hungária; eighty-nine percent of the population agrees with the proposal of the Hungarian National Bank (MNB) that greater caution and responsibility is necessary to provide a loan....
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