Market News
Weak retail datas from Europe
Date: 2009-11-06 00:03:00
According to Ecostat; Euro zone retail sales fell unexpectedly in September, on a monthly basis. This shows the weak consumer demands, which questions the strength of economic expansion. Within the...
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Improved payment morale
Date: 2009-11-06 00:02:00
According to the most recent report of Dun & Bradstreet ; The economic crisis brought new trends in the payment patterns: in low rates, but the Hungarian payment morale has...
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Cutted off beef heads on the demonstration of dairy producers
Date: 2009-11-06 00:01:25
A dozen cutted off beef heads were taken in front of the Ministry of Agriculture and Rural Development on the Thursday dairy demonstration, where dairy farmers protested against the lowest...
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Increased in value, in volume food store sales are stable
Date: 2009-11-05 00:07:01
The value of food retail sales rose by 3 percent, between December 2008 and September 2009, compared to the previous similar period, from the 90 product groups measured by Nielsen...
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The profitability of the beverage industry is falling
Date: 2009-11-05 00:06:12
The VAT and excise duty increase was a severe shock to the domestic distillation industries: The main participants of the market only expects the keeping the turnover on level this...
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The brand value of consumer goods has increased
Date: 2009-11-05 00:04:12
Europe's most valuable brand is the world's largest mobile operator company, the Finnish Nokia, the second is the French luxury manufacturer the LVMH group, while the third is the Belgian...
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The Four Paws attacks again
Date: 2009-11-05 00:02:00
Animal and consumer protectors assessing the Austrian catering operators, because they use “lower-quality Hungarian goose-flesh”, instead of domestic products. Twenty-four percent of the Goose-flesh consumed in Austria is domestic product,...
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Calories tax in favor of the public interest
Date: 2009-11-05 00:01:00
Unhealthy nutrition and obesity are becoming increasingly serious problem in the developed part of the world. It is no coincidence, that in the United States, sugary soft drinks, in Denmark...
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Hungarian companies believe in late upturn
Date: 2009-11-04 00:05:08
According to the most recent survey of Coface Hungary Credit Insurance Company; the earliest date of the economic recovery can be in the second half of 2010. The leaders of...
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Positive changes in the working capital loan program
Date: 2009-11-04 00:04:11
Commercial enterprises may also use the sources of the New Hungary working capital loan program, which is supported by the Hungarian Development Bank Ltd. The program was originally announced for...
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Finally, the producer pays instead of the ”black market”
Date: 2009-11-04 00:01:55
According to Hungarian Chamber of Agriculture; On the stagnating cereal market the ”black traders” are gaining profit. Usually tricking with the VAT, in the name of not existing foreign companies....
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The public is confident, the optimism of the companies is broken
Date: 2009-11-03 00:01:12
Ecostat’s aggregate business cycle index decreased by 0.5 percentage points to 77.6 percent in October, compared to the previous month. While the public confidence indicator rose strongly, business confidence indicator...
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Price comparison market is getting more focused
Date: 2009-11-03 00:00:59
No more than three price comparison sites could remain on the Hungarian market in long terms. This Internet service can accelerate the competition in the market. At the beginning of...
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Twilight of the Irish pubs
Date: 2009-11-03 00:00:15
According to a study, 2000 rural pubs could be closed in the next 10-15 years in Ireland, because of the law changes and due to the weakening economy. According to...
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Spirits: brandy, pálinka brandy and bitter are the most popular
Date: 2009-11-02 00:03:58
The retail sales of distilled spirits were 73 billion HUF between October 2008 and November 2009, just like as in the previous comparable period. However, a 5 percent volume reduction...
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The foreign trade balance improved further – besides declining exports and imports
Date: 2009-11-02 00:02:11
In August, the foreign trade exports decreased by 10, imports by 15 percent, compared to a year earlier. In the January-August period, exports decreased by 17, imports by 23 percent...
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Increase in the support for product sellers
Date: 2009-11-02 00:01:55
The government will increase the support of its working capital loan program with three billion HUF in order to support the product sellers in the fruit and vegetable sector. Government...
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Still far from a real boom
Date: 2009-11-02 00:00:42
Chen Deming, Chinese Minister of Commerce and Joseph Stiglitz, Nobel Prized economist also expressed doubts about the fast recovering from the recession, at an economic conference in Shanghai. Although more...
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Plaza Centers: stopped investments in Romania
Date: 2009-11-02 00:00:15
Plaza Centers, suspended its eight Romanian projects. The planned investment projects would have been realised in a worth of a total two billion euros. "In the current economic situation it...
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U.S. economy grew in July-September
Date: 2009-10-30 00:03:00
The U.S. economy grown by 3.5 percent in the third quarter. Analysts expected 2,7-3,5 percent increase. The U.S. economy became smaller with 2.3 percent last year. In the first quarter...
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French government vs. chain of stores
Date: 2009-10-30 00:01:25
The French Ministry of Economy denounced 9 large chains with the charge of abusing of suppliers. Six of the chains are distributing primarily food products. The French press has been...
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The MVH will purchase the surplus grain
Date: 2009-10-29 00:06:12
The Agriculture and Rural Development Agency (MVH) can buy unlimited quantities of wheat and barley offered for intervention from 1st November. On the basis of the proposals, the purchasing 400...
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Increase in alcohol taxes, tighter controls
Date: 2009-10-29 00:05:29
The alcohol tax rate will be increased next year. Tighter controls are expected in the pálinka breweries during the autumn, and new security locks will be used on the equipments....
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Food industrial applications up to 1.6 million euros
Date: 2009-10-28 00:07:01
The modification of the regulation over the “EMVA agricultural products, adding value to provide aid” is already available. On this basis, one can apply until 30th November at the Agriculture...
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U.S.A.: rising house prices, falling consumer confidence
Date: 2009-10-28 00:04:21
Compared to July, 1.2 percent increase has occured in house prices in the U.S.A. The publication of Conference Board's consumer confidence index washed away optimism. The index was well below...
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New regulation control the services provided at accommodations
Date: 2009-10-28 00:03:12
According to the new government regulation; The hotels should provide other services besides accommodation, and at least 11 rooms and 21 beds should be maintained. The regulation covers all accommodation...
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Growing retail real estate investments in the second quarter of 2009
Date: 2009-10-28 00:02:00
According to the latest reasearch of Jones Lang LaSalle real estate consultant; European retail real estate investments increased 85 by percent in the second quarter compared to the first quarter....
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Food prices may dramatically increase
Date: 2009-10-28 00:01:25
According to the experts of the Standard Chartered Bank; Great food price increases may come in the next few decades. The UN estimates that, by 2050 the global population will...
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Climate protection instead of agricultural support
Date: 2009-10-28 00:00:55
The pre-draft document in which the European Commission outlines its visions for the 2014 – 2020 budget, indicates a strong shift from the agricultural policy and employement towards climate change...
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GM products in Hungarian shops without any indication
Date: 2009-10-28 00:00:22
Despite Hungary stands out strongly under the prohibition of gene modified (GM) plants, domestic agriculture is not yet without them. The only permitted gene modified MON810 maize in Europe, although...
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