Market News
4.6 percent turnover decline in retail sales
Date: 2010-05-26 00:01:48
The retail sales volume – adjusted from calendary day effect – decreased by 4.6 percent, in the first quarter of 2010 and in March by 4.0 percent, compared to the...
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Moroccan producer who exported contaminated pepper excluded from export
Date: 2010-05-26 00:00:53
According to Muláj Abbesz el-Kadiri Moroccan Ambassador, the exporter, who exported pepper contaminated with chemicals to Hungary will be excluded from export. The contaminated product was produced by a small...
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Industrial orders: 20 percent annual growth in the euro area
Date: 2010-05-26 00:00:40
The euro zone’s new industrial orders increased in an extent, have not seen for 10 years in March, which may be another indication that the second quarter, will occur well...
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Many shops can not give back from the twenty-thousand banknote
Date: 2010-05-26 00:00:20
According to the joint survey of the MasterCard and Bankkártya.hu joint in most of the shops in Budapest the change of the largest Hungarian bank not is still an impossible...
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Government program: focus on local food production
Date: 2010-05-25 00:01:45
According to the rural chapters of the government program; The new government would terminate the multi tax nature of the food retail shelf money and would reduce the sales of...
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GKI index is on its pre-crisis level
Date: 2010-05-25 00:01:38
In May, the value of GKI’s seasonally adjusted business climate index continued to rise. According to the survey, made by GKI Economic Research Co. (www.gki.hu), with the support of the...
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Decline in fruit and vegetables yield, due to rainfall
Date: 2010-05-25 00:01:25
Due to the rainfall and the floods the fruit and vegetables yield, will be 10-15 percent less, but price increases are not necessarily expected. The experts questioned by the InfoRádió...
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Western Europe eats ducks rather than geese
Date: 2010-05-25 00:01:10
The consumption of geese products decreased, partly due to the discrediting campaign of the Four Paws, partly because of the crisis in Western Europe. More and more customers are buying...
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The food industry should be treated as a strategic sector
Date: 2010-05-21 00:03:41
The food industry may ruin, if we fail to boost innovation – states the Hungarian National Food Technology Platform. According to their calculations; 45-50 billion HUF should be invested in...
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There is no ceasefire between the stores and the suppliers
Date: 2010-05-21 00:02:32
Next week, the suppliers will make a statement against those food retail chains, that are most violate the unfair trading practices law. The two major problems with the food retail...
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Széchenyi Card: 7.6 billion debt, from 750 billion
Date: 2010-05-21 00:01:20
The Hungarian companies has reached 750 billion HUF credit line through the Széchenyi card system. Currently 1600 companies are on the black list, but the bankruptcy rate is relatively low.The...
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Hungary's competitiveness has improved
Date: 2010-05-21 00:01:15
Hungary improved from last year’s 45th place to the 42nd in IMD’s 2010 competitiveness rankings – reports the Swiss IMD, the world's leading business school. According to the latest ranking;...
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The Ifo-index shows an improvement the global economic sentiment
Date: 2010-05-21 00:00:40
The global economic sentiment index of the German IFO Institute for Economic Research improved further. The index of the second quarter rose to 104.1 points, from the former 99.5 points...
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The European Parliament does not support meet glueing
Date: 2010-05-21 00:00:10
The European Parliament vetoed the European Commission's decision, which made it possible to use the thrombin enzyme as food additive. The thrombin was used to glue the meet parts that...
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Consumer trust
Date: 2010-05-20 08:00:00
Food safety is important for every second Hungarian in deciding where to do their shopping, informs a Nielsen survey. Six out of ten Hungarians think the products they buy in...
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Industry in the EU shows signs of recovery
Date: 2010-05-20 08:00:00
Eurostat’s report indicates that in the last quarter of 2009 the economy of the eurozone was stagnating. However, the annual decline of 2.2 percent was bigger than expected. In January...
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Whitening toothpaste is stable in popularity
Date: 2010-05-20 08:00:00
Toothpaste volume and value retail sales grew only in hypermarkets and in the 201-400 m²-channel in March 2009-February 2010 – the Nielsen Retail Index informs us. Hypermarkets’ value share reached...
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Rapid alerts
Date: 2010-05-20 08:00:00
RASFF (Rapid Alert System for Food and Feed) operates in the member states of the EU. Through this system member states report to the European Commission if human health hazards...
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Variations on eco-bottle
Date: 2010-05-20 08:00:00
Andrew Kim, an 18-year old designer unveiled a new concept, which uses squared Coca-Cola bottles that can be folded when empty – they become up to two-thirds smaller than when...
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The teeth situation
Date: 2010-05-20 08:00:00
Hungarian people’s oral hygiene is still below par. Márton Pál, brand builder with Unilever Magyarország Kft. shared some data with us: toothbrush usage is 1/person/year, toothpaste consumption is 3 tubes...
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Heartening domestic retail data
Date: 2010-05-20 08:00:00
According to KSH’s report, after a 0.6-percent growth in January, retail turnover in Hungary stagnated in February, but the annual downturn diminished from 5.6 to 4.3 percent. In terms of...
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Cheese in chocolate-type multi-block form
Date: 2010-05-20 08:00:00
Chunka Cheese’s experts had two things in mind when they created a cheese block design that is similar to a chocolate bloc or bar: convenience and simplicity. Smaller sections of...
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Functionality gets a leg up
Date: 2010-05-20 08:00:00
The economic recession hit the foot care category hard, buyers were forced to make decisions by looking at the prices only, which resulted in a fallback amongst premium brands. Renáta...
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Hungarian pigs cannot cope with competition
Date: 2010-05-20 08:00:00
The Agricultural Economics Research Institute (AKI) continuously monitors and publishes world trends in poultry and fruit/vegetable products. Their last report reveals that this year we can expect a global growth...
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ChocolateStory
Date: 2010-05-20 08:00:00
These days one of the strongest consumer trends is transparency. US company Original Beans plants a tree after every bar of chocolate they sell. Documents in the packaging indicate the...
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Shoe care brands are strong
Date: 2010-05-20 08:00:00
The Nielsen Retail Index registered 13 percent lower value sales in shoe care product retail, while volume sales were 20 percent lower in comparison with the previous year. Average price...
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Economic policy dilemmas
Date: 2010-05-20 08:00:00
According to a forecast by GKI Gazdaságkutató Zrt. and Erste Bank, the Hungarian economy will stagnate in 2010 and a moderate growth is expected only in the second half of...
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Most people expect the growth of the Internet
Date: 2010-05-20 08:00:00
Hungarian Mediaindex, a survey by Marketing&Media and Ipsos revealed that 83 percent of those asked expect growing advertising revenues on the Internet for the second half of 2010. The heads...
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Gloomy Sunday?
Date: 2010-05-20 08:00:00
The battle in the past 10 years between retail chains and trade unions about Sunday shopping seems to settle for a draw in Hungary. However, the debate continues on a...
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In the developed world growth is already palpable
Date: 2010-05-20 08:00:00
According to an analysis by credit insurance company Coface Hungary, in the first quarter of 2010 companies’ insolvency indicator augmented by 12 percent, compared with the same period in 2009....
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