Market News
12 global root trends identified by Future Value Chain 2020
Date: 2011-03-23 12:19:23
1. Increased urbanisation and the rise of megacities will impact the size of stores, logistics and the supply chain. • 2. Aging population will have economic and political consequences related...
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Analysts consider food VAT decrease unlikely
Date: 2011-03-22 18:48:19
Although the Rural Development Ministry would decrease the VAT rate of basic foodstuffs to 5 percent, according to the analysts polled by Origo, it has small chance to happen. The...
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Beyond milk
Date: 2011-03-22 16:47:43
There are great opportunities on the market of special dairy products and on the milk substitute market because at the moment few products are available, while the number of people...
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GfK: the crisis can still be felt on the market of consumer durables
Date: 2011-03-22 14:39:15
In Hungary, the biggest increase occurred on the IT hardware market. The consumer electronics market was saved by the flat-panel televisions, due to the football World Cup as well as...
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Where will be the center of the wine region?
Date: 2011-03-22 13:55:32
Debate broke out between Sárospatak and Tokaj, over where will be the center of the Tokaj-hegyalja historic wine region. Both settlements want the ownership rights – wrote the Észak-Magyarország on...
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A new wholesale market to be bulit near the capital
Date: 2011-03-21 17:56:49
A new wholesale market is about to be bulit near Budapest in the foreseeable future, about 40 kilomters from the M3 motorway, at Bagi-Aszod, at about 45 hectares of land...
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FruitVeB: fruit and vegetable production can be increased by one million tonnes
Date: 2011-03-21 17:15:34
The FruitVeB calculates that in the foreseeable future – within in a few years – Hungarian fruit and vegetable production may be increased by 800 thousand, and even up to...
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Day of European Consumers: the Hungarian Consumer Protection Act is under preparation
Date: 2011-03-21 14:18:04
The European Economic and Social Committee draws up new guidelines to protect buyers. Although a sharp social debate has started over the definition of principles, most organizations agree that in...
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It is hard to ban the consumer groups
Date: 2011-03-21 14:02:14
The Economic Competition Authority (GVH) fined consumer groups again: Standard-Company Kft. was fined to 1.6 million, Invest Holding System Kft. to 5.8, while the Mutuo Risparmio Szolgáltató és Tanácsadó Kft....
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e-commerce should be made obstacle-free
Date: 2011-03-21 14:00:08
Obstacles should be removed as soon as possible out of the way of e-commerce, because with such steps about 10 percent savings would be available for European citizens. According to...
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The Amazing Coffee Exhibition will be held again
Date: 2011-03-21 13:59:13
Last year, nearly fifty companies were present at the first Amazing Coffee Exhibition, which was organized by the Magyar Kávétársaság as the first self-organized professional exhibition of the Hungarian coffee...
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Increasing value on a scientific basis
Date: 2011-03-21 12:43:49
Adding physiologically valuable materials to food products is one of the most frequent innovation directions. Food fortification is mostly a voluntary activity, meaning it is the food manufacturer’s responsibility to...
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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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