Market News
The Ministry of Rural Development to prepare proposals to reduce food VAT
Date: 2011-03-18 15:25:30
The Ministry of Rural Development prepares new government proposals in order to reduce the VAT of food products in three versions. According to the informations of agromonitor.hu; the ministry insists...
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Institute of Finance: beside a 2.3 percent economic growth household consumption may increase by one and a half percent
Date: 2011-03-18 15:12:07
This year, the gross domestic product (GDP) will increase by 2.3 percent, beside a 4 percent inflation rate – said Petschnig Mária Zita at the press conference of the Institute...
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The French would make Tokaji to the king of wines
Date: 2011-03-18 15:00:10
The Hungarian Tokaji is one of the most prestigious liqueur wine in the world, but it is not quite salable. This motivates the French investors in Hungary, who want to...
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Diet, weight loss diet, lifestyle
Date: 2011-03-18 14:30:59
Products related to diet have a reduced carbohydrate and increased fibre content. Many of these can also be consumed by diabetics. On a world level the number of people suffering...
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The price of LCD TV and SmartPhones may increase
Date: 2011-03-18 14:10:03
As the result of the earthquake that shook Japan, a significant deficit may occur in the supply of lithium-ion batteries, chips and liquid crystal displays. The stops in the factories...
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Million HUF fines for misleading consumers
Date: 2011-03-18 12:44:51
The Competition Authority (GVH) obliged three businesses, organizing consumer groups to pay a maximum penalty of 10, 6 million HUF. According to the Competition Authority (GVH), the Standard-Company, the Invest...
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Spring discount in the Corvin shopping center
Date: 2011-03-18 08:50:43
On the 18th of March at 7 pm a spring welcoming event will begin in the Corvin shopping center. At the Night of Discounts huge promotions, surprises and and hilarious...
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It should be coloured and have a draw tape, but first and foremost it should be cheap
Date: 2011-03-17 15:28:45
Bin bags is typically a routine category that consumers only notice when there is no more at home or on store shelves. Bin bags are often substituted with free plastic...
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Credit card sales increased by six percent last year
Date: 2011-03-17 15:02:40
After the slowdown of last year, caused by the economic crisis,k the domestic credit card market already showed the signs of revival. According to the datas of the the Hungarian...
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Poultry producers to receive a four billion HUF support
Date: 2011-03-17 14:59:01
According to the written reply of Fazekas Sándor Rural Development Minister; The Ministry of Rural Development will give the highest allowable amount to the poultry producers, and the Agriculture and...
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One can earn 1.5–fold more in Budapest, than in Northern Hungary
Date: 2011-03-17 14:55:47
There are still considerable differences within Hungary, if we take the main economic indicators into account: for example, in the industry in Komárom-Esztergom County last year, more than 15 times...
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Job entrant males are more mobile than females
Date: 2011-03-17 14:49:29
A recent study over job entrants found out that males change their residence in favor of their career much more easily than female. According to the results of the study;...
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Men’s shower gel trends move in the opposite direction to women’s
Date: 2011-03-16 17:17:56
Adrienn Vida, Unilever’s junior customer marketing manager: – The value of the domestic shower gel market was just below HUF 14 billion last year, a little bit above the 2009...
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The OFE proposes the indication of the components of spirits
Date: 2011-03-16 14:32:51
The National Association for Consumer Protection (OFE) suggests that components should have been included on the packaging of the spirits and to raise awareness of the dangers of excessive drinking....
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The EU may prohibit the cultivation and marketing of GM products
Date: 2011-03-16 13:51:30
The European ban on genetically modified foods may be possible – said Fazekas Sándor Rural Development Minister after the meeting of the EU environment ministers. Currently, the ban is only...
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VAT rate will increase in the Czech Republic in 2012
Date: 2011-03-16 13:50:31
VAT rate will change in the Czech Republic. The three coalition parties have agreed in the details last week. Under the agreement, the current 19, and 10 percent VAT rates...
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Italy is one step ahead of the EU
Date: 2011-03-16 13:44:51
The European Commission will investigate whether EU-wide ban can be used on plastic shopping bags, while proceedings are brought against Italy because, a ban was introduced on shopping bags in...
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Deteriorating business sentiment in Germany
Date: 2011-03-16 13:40:09
Contrary to the expectations, the business sentiment deteriorated in Germany in March, partly due to the uncertainty caused by the Japanese earthquake and tsunami, partly because of the expected interest...
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Mothers and babies are both maturing later
Date: 2011-03-16 11:50:07
Demographic forecasts expect an aging of the Hungarian society, which is bad news for the baby category. Ilona Guba, Hipp Kft.’s sales and marketing director is of the opinion that...
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New printer-encoder by Zebra
Date: 2011-03-16 11:23:47
Zebra Technologies Europe today announced the availability of its first high performance RFID printer/encoder designed to address the growing RFID market for high-volume item-level tagging. The R110Xi4 aims to streamline...
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The introduction of the hamburger tax is under investigation
Date: 2011-03-11 16:54:56
The ministries are investigating the effects of the introduction of the so-called hamburger tax. Matolcsy György, National Economy Minister told that the health nutrition studies of the recent years show...
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The EU Commission supported the duty-free import of 300 thousand tons of sugar
Date: 2011-03-11 13:26:33
As expected, according to the earlier proposal the EU Commission supports the opening of a 300 thousand ton duty-free import quota. According to the forecasts, the EU sugar stocks are...
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U.S.: Consumer confidence down, retail sales up
Date: 2011-03-11 12:55:22
On the basis of the survey of Thomson Reuters and the University of Michigan; consumer sentiment in March decreased by an extent, has not seen since the beginning of the...
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1.2 percent economic growth beside decreasing consumption in 2010
Date: 2011-03-11 12:54:23
According to the detailed datas of the Central Statistical Office; In the last quarter of last year, Hungary's GDP grew by 1.9 percent. Thus, in 2010, gross domestic product rose...
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The annual market crossed the HUF 21-billion threshold
Date: 2011-03-11 12:12:16
Chocolate bar retail sales augmented by 4 percent in value last year and surpassed the HUF 21-billion level. Volume sales in December 2009-November 2010 were at the same level as...
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Manufacturer brands bettered their position
Date: 2011-03-10 15:03:02
According to the Nielsen Retail Index, last year people spent HUF 9 billion on ham in the Easter holiday period – 6 percent more than a year earlier. As for...
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The producer price of the agricultural products increased by nearly 40 percent
Date: 2011-03-10 14:02:45
According to the Central Statistical Office; the producer price level of agricultural products was 39.6 percent higher in January 2011, than a year ago. In particular, the price level of...
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Franchise the Hungarian way
Date: 2011-03-10 13:53:27
A brand name that promises profit and buying a business concept – this is franchise. We find well-working franchises and failures in both the Hungarian FMCG and Horeca sectors. László...
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Poultry prices may increase by one-fourth during the Spring
Date: 2011-03-10 13:33:40
The poultry producers have been already forced to increase prices, but this is only the beginning: in the spring, chicken and turkey prices may increase by one-fourth. The Poultry Product...
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Honey-case: HUngary must also go by EU-rules
Date: 2011-03-10 12:51:09
Hungary is not permitted to use any other ingredients in honey-based products than what all 27 members of the EU are permitted to use. Endre Kardeván, state secretary of the...
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