Market News
The casino-business is not an attraction to investors
Date: 2010-10-01 00:00:30
French hotel group Accor said on Wednesday it was withdrawing its offer to sell its 49 percent in Lucien Barriere after the initial public offering did not attract enough interest...
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GKI: next year the Hungarian economy will increase by only 2.5 percent
Date: 2010-09-30 00:03:55
The conditions of economic growth are worse than previously assumed, therefore, the GKI Economic Research Co. decreased next year’s growth forecast, from 3 percent to 2.5 percent. This year’s forecast...
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The Ministry of National Resources would increase the excise tax of alcohol and cigarette
Date: 2010-09-30 00:03:08
The State Secretary of the Ministry of National Resources, responsible for health issues, would create additional sources for health care from the excise tax of alcohol and tobacco. After the...
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The business sector is confident in the euro area
Date: 2010-09-30 00:03:04
The business sentiment has improved in the euro area in September – said the European Commission on Wednesday. In regular monthly assessment, the Brussels-based body points out, that the overall...
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The best known winemaker of the Great Plains cuts out his grapes
Date: 2010-09-30 00:01:01
One of the best known winemaker of Csongrád County cut out his grapes. Somodi Sándor of Ásotthalom told to Délmagyarország, that viticulture is not worth, but he still continue to...
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The Hungarian leader of the European food committee denies the allegations
Date: 2010-09-30 00:00:01
Bánáti Diána, the Director-General of the Central Food Research Institute (KÉKI) denied to MTI on Wednesday that she lobbied for genetically modified (GM) plants. Bánáti Diána, rejects the allegations which...
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Further milk price increases
Date: 2010-09-29 00:03:29
From the 1st of November, the price of milk and dairy products may increase again, because on the spot market a growing demand occured for raw milk – said Mélykúti...
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The date of durability on foodstuffs will be uniformed
Date: 2010-09-29 00:03:22
After one and a half-year transitional period, the date of durability on foodstuffs will be uniformed. Only the day / month / year order will be valid. The change in...
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GfK: 135 billion HUF on clothing
Date: 2010-09-29 00:03:21
In the first half of this year, 135 billion HUF was spent on clothing by the Hungarians, six percent less, compared to the previous year. Fewer people are buying clothes,...
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More than half of the Hungarian companies are considered as risky partners
Date: 2010-09-29 00:01:20
According to Coface credit insurer; More than half of the Hungarian companies will continue to be explicitly, or moderately risky business partners. This ratio is persistently higher than the regional...
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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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MasterCard in the shop window
Date: 2010-09-22 08:00:00
MasterCard appeared with interactive public space advertising surfaces for the first time, on the streets of New York, Chicago, Miami and Philadelphia. In busy retail zones they placed advertisements in...
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The summer was characterised by lowering pig prices
Date: 2010-09-22 08:00:00
The Agricultural Economics Research Institute (AKI) continuously monitors and publishes world trends in poultry and meat products. Their last report reveals that in the first half of 2010 10 percent...
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The 401-2,500 m² channel strengthened
Date: 2010-09-22 08:00:00
Coffee retail sales decreased by 5 percent in value and by 9 percent in volume in the December 2009-May 2010 period. The six-month coffee market neared HUF 24 billion. However,...
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