Market News
Balaton Region: fishing tourism accelerates but the lack of rainfall affects ponds badly
Date: 2011-12-22 09:00:08
This year 15 to 20 percent more fishing permits were sold at the Lake Balaton, compared to last year, the turnover of fishing ponds deoubled, but the lack of rainfall...
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European consumer confidence reduces for the sixth consecutive month
Date: 2011-12-21 13:18:11
Consumer confidence in the euro zone and in the European Union weakened in December. According to the preliminary datas of the European Commission released on Wednesday; consumer confidence index of...
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Two and a halffold capacity at the Santa Claus Factory
Date: 2011-12-21 13:01:08
The Santa Claus Factory will be open until 9 pm and collects donations at the Ötvenhatosok square in Budapest, as well as in some shopping centers across the country. According...
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NFH: A total of 60 million HUF fines
Date: 2011-12-21 13:00:59
In total, about 60 million HUF fines were imposed by the National Consumer Protection Authority's (NFH) inspectors during their pre-Christmas consumer protection controls. Fülöp Zsuzsanna NFH spokesperson told that the...
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New labor rules can adversely affect the work on Sunday
Date: 2011-12-21 12:55:58
The possible interpretation of the new Labour Code can adversely affect several businesses operating on Sunday, especially in the malls. The shifted work schedule will be replaced by multi-shift work....
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Austrian Christmas retail sales defy with the crisis
Date: 2011-12-21 12:48:27
According to the Austrian Economic Chamber (WKÖ); despite the slowdown of the economy, Austrian Christmas retail sales remain favorable. The turnover of furniture stores and electronics stores increased the maximum...
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Magazine: New tax?
Date: 2011-12-21 11:55:17
If the parliament approves the government’s proposal, from next year those working in the food sector will have to pay a food chain supervision fee. Although the name suggests a...
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The foreign currency rescue package can cause a moderate consumption growth
Date: 2011-12-20 14:00:12
The last week announced foreign currency rescue package of the Government and the Banking Association can result the remaining of more money for consumption for a wide range of people,...
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Éder Tamás: there is no real taskmaster of food industry in the government
Date: 2011-12-20 13:20:57
There is no real taskmaster of the food industry within the government – told Éder Tamás, president of the National Food Processors Association (ÉFOSZ) to agromonitor.hu. The Ministry of Rural...
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Cigarette price increase earlier than planned
Date: 2011-12-20 12:10:49
Tobacco excise tax will be increased earlier than planned in next February and in July, instead of the previously-planned May and November dates and the increase will be higher than...
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Ipsos Global @dvisory: The Economic Pulse of the World
Date: 2011-12-20 11:56:41
A major analysis of world public opinion was released today by Ipsos— one of the world’s largest market and opinion research companies. The report, titled “Ipsos Global @dvisory: The Economic...
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Proposed tax law amendments for 2012
Date: 2011-12-20 11:32:28
From all sectors it is probably retail and consumption that are the most affected by the proposed tax law amendments – there are several products on which many types of...
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There is a need for genuine change
Date: 2011-12-20 10:40:09
GKI forecasts that even to start the negotiations with the IMF successfully, genuine economic policy change and the return to market economy principles are required. Next year, however, this would...
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Lack of commercial credit, people buy from their savings
Date: 2011-12-19 13:58:29
One week remained for Christmas shopping. According to the retailers; customers buy from their savings. The traffic datas indicate that this year's Christmas will be on the level of last...
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The GDP forecast of economic researchers for 2012: GDP will be between plus 0.3 and minus 1.5 percent
Date: 2011-12-19 13:45:05
Kopint-Tárki forecats a 0.3 percent economic growth, while the Pénzügykutató a 0.7 percent decline, the GKI Economic Research forecasts 1.5 percent decrease in GDP next year. According to the Thursday...
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The webstores are the real winners of Christmas
Date: 2011-12-19 12:50:06
Although it is still a week left until Christmas, now it is likely that the online shopping season ends with a remarkable success in Hungary. Internet sales are becoming increasingly...
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Sales of hair colouring, body lotion and toilet paper rose 1-6% in volume terms
Date: 2011-12-19 12:46:12
Retail sales in Hungary of household chemicals and cosmetics fell 1% in value terms and 3% in volume terms in January-October from the same period a year earlier, market research...
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Increase on the market of luxury products
Date: 2011-12-19 12:40:39
The global economic crisis created exactly opposite effect on the market of the most expensive products, the luxury trade representatives are reporting increasing revenues. This trend indicates that the richest...
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The Association of the Hungarian Tobacco Industry will be terminated
Date: 2011-12-19 12:35:40
At the end of January, the Association of the Hungarian Tobacco Industry will be terminated – informed the organization MTI over the this decision, at the alliance's extraordinary general meeting...
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The NAV seized thousands of illegal alcohol products
Date: 2011-12-19 12:30:46
In a two months time, thousands of liters of illegally produced alcohol products and more distilling equipment were seized by the National Tax and Customs Administration (NAV) – told the...
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Latest GfK data on the worldwide photo market in 2011
Date: 2011-12-19 12:08:33
Technical innovations are the main reasons why consumers are happy with the latest digital cameras – even if they already own an older model. There is a particular demand for...
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GKI-Erste economic sentiment index reached its lowest level in the past two years
Date: 2011-12-19 10:26:05
In December, after an almost continuous decline of ten months, GKI-Erste economic confidence index adjusted for seasonal effects fell to its biannual low. According to the empirical survey conducted by...
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Tobacco-products might become a state monopoly
Date: 2011-12-16 13:58:12
Tobacco-product retail might turn to be a state monopoly from 2012, in case the Parliament says yes for the law to protect minors and re-regulate the rules of tobacco retail....
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People over 70 gives generous gifts
Date: 2011-12-16 13:00:15
People over 50 will spend an average of 44,188 HUF this year on Christmas presents. People over 70 are those who spend the most on gifts, an average of 57,333...
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KSH: 29 thousand people more worked for businesses in the first ten months
Date: 2011-12-16 12:59:35
In the first ten months of this year, 29 thousand (1.6 percent) more people worked in the business sector more than in the same period in 2010. In the national...
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Tettye spring water being sold in the Zsolnay quarter
Date: 2011-12-16 12:28:40
The high-quality spring water bottled by the Tettye Forrásház Zrt. will be sold in the recently opened Zsolnay Cultural Quarter. The Tettye Forrásház announced in spring 2010 to begin the...
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China reduces import duties on more than 700 products next year
Date: 2011-12-16 12:15:47
In order to boost the domestic consumption and to subserve economic restructuring Beijing reduces import duties on more than 700 products from the 1st of January – announced the Ministry...
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Wine short stories on the bottles
Date: 2011-12-16 12:12:53
The Italian Feltrinelli bookstore chain allied with Northern Italian wine producers. The writing on the drink can be read on the side of the bottle. The cooperation lasts for 6...
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EU's food charity program's funding will not be cut
Date: 2011-12-16 11:37:43
The EU decided not to cut funding for a program that has helped feed the continent’s poorest citizens for the last 25 years. As the economic downturn drags on, more...
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Purchase Hungarian products!
Date: 2011-12-16 11:33:32
Veddamagyart.info is a Hungarian website promoting the purchase of Hungarian products. Purchasing local product has turned out to be a conscious and trendy customer attitude in the past few years,...
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