Market News
Széchenyi Card in numbers
Date: 2009-10-27 08:00:00
The programme was launched in 2002 and after 160,000 applications 120,000 have been handed out so far. SMEs usually apply for HUF 5 million or smaller loans. More and more...
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Pasta market surpasses HUF 27 billion
Date: 2009-10-27 08:00:00
Annual pasta sales were up by 4 percent in August 2008-June 2009 and surpassed HUF 27 billion. In the same period volume sales stagnated around 53,000 tons, reveals the Nielsen...
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Decrease has not stopped
Date: 2009-10-27 08:00:00
Retail sales continued to fall in July (6.6 percent in volume). According to KSH’s report, the decrease was 2.3 percent smaller than in the previous month. In the first seven...
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More cooking done at home is both an opportunity and a challenge for pasta
Date: 2009-10-27 08:00:00
Average price on the pasta market has been stagnating since 2008 and private labels have achieved a 45 percent market share. Import is not significant and egg-content is practically unchanged....
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Cattle sent to the slaughter
Date: 2009-10-27 08:00:00
Agricultural Eonomics Research Institute (AKI) continuously monitors and publishes world trends in poultry and fruit/vegetable products. Their latest market report reveals that decrease in the production price of domestic slaughter...
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We buy pasta more frequently
Date: 2009-10-27 08:00:00
The volume of pasta bought per household increased moderately in January-June 2009, reveals GfK Hungária’s ConsumerScan. Fewer households bought pasta, sales still improved by 2 percent. 80 percent of households...
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Optimistic report on the economic perspectives of the near future
Date: 2009-10-27 08:00:00
Summer data indicate a moderate improvement in the situation of the world economy and Hungary: the most painful part of the crisis is over. However, the extent and length of...
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Gift packages: old brands and new concepts
Date: 2009-10-27 08:00:00
Most producers agree that in volume sales last year’s level is achievable, producers do not prepare with crisis-packages but with beautiful and eye-pleasing offers. Unilever Magyarország Kft. was the number...
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Payment deadline may become longer
Date: 2009-10-27 08:00:00
In Central and Eastern Europe the number of companies whose credit ratings dropped kept increasing in the past few years – says Zoltán Dercze, managing director of Coface Hungary. 45...
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Only LCD and plasma televisions achieved growth
Date: 2009-10-27 08:00:00
In the first half of the year, the market of consumer electronics contracted by 25 percent in both value and volume, compared to the same period last year – finds...
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Retail turnover on the increase in Belgium.
Date: 2009-10-27 08:00:00
According to an estimate by Eurostat, the volume of retail turnover continued to decline in July 2009: by 0.9 percent in the EU-27 and by 1.8 percent in the eurozone,...
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Loan market recovering slowly
Date: 2009-10-27 08:00:00
After the development of previous years, the loan market dramatically declined. Global crisis narrowed down resources, entailing a lending activity contracted to the minimum; at the same time interest rates...
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Wages and salaries are up by two percent
Date: 2009-10-27 08:00:00
At enterprises employing a minimum of 5 people and at budgetary institutions, gross average wages were 1.3 percent higher and net average wages improved by 1.4 percent in the first...
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Erste Bank
Date: 2009-10-27 08:00:00
Market changes in the past few years influenced customer demand. Firms often postpone their investments and revise their spendings. This trend entails the optimisation of financial services used and a...
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Decrease, but improvement as well
Date: 2009-10-27 08:00:00
In January-July 2009, the volume of foreign trade was 18 percent lower in export and 25 percent lower in import than one year earlier. KSH’s report also states that our...
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Thank you, Lord…
Date: 2009-10-27 08:00:00
…for listening to me after all and giving me back my faith in human intellect. Thank you to the trade for this several-hour conversation at the conference in Tapolca about...
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The factoring market
Date: 2009-10-27 08:00:00
According to data by the Hungarian Factoring Association, factoring services only made up for 2.5 percent of the GDP in 2008, while the same ratio in the EU is almost...
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Fewer guests spent fewer nights
Date: 2009-10-27 08:00:00
On the commercial accommodation services market, the decline that started early 2009 continues, the trend does not seem to turn yet. In January-August 2009, 2,173 thousand foreign guests spent 6,350...
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Farewell to charming national figures
Date: 2009-10-27 08:00:00
Although Parliament passed the new advertising bill last year, certain paragraphs only entered into force this spring, for instance those that regulate tobacco product ads and open-air advertising. Changes in...
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Erste Faktor improves its market position
Date: 2009-10-27 08:00:00
Although in the first quarter the factoring market contracted, Erste Faktor Zrt. managed to expand significantly (by 40 percent in the second quarter; in the same period the market contracted...
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The brake still holds back the industry
Date: 2009-10-27 08:00:00
In July 2009, industrial production fell by 19.4 percent, compared to the same period a year earlier. KSH’s report states that the volume of production was 22.1 percent lower in...
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Panorama on the Christmas commercial credit market
Date: 2009-10-27 00:05:11
The CEO of Hungarian Cetelem expects subdued season on the commercial credit market. According to Lendvai János; unemployment causing serious problems, making it difficult to expected high demand for loans...
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The number of conferences halved in the first part of 2009
Date: 2009-10-27 00:04:12
According to the compilation of the Hungarian Convention Bureau; during the first half of this year, 118 international conferences were held in Hungary. This is a 51 percent decline, compared...
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Bankruptcy wave before peak
Date: 2009-10-27 00:03:12
According to the latest analysis of Coface Hungary; the insolvency ratio of the firms increased by 36 percent in the first nine months of this year, compared to the same...
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Does not involve consideration to the webshop in case of waiver clause
Date: 2009-10-27 00:01:55
The union court stated: In the cases of Internet orders, if the buyer cancels, one should not pay fee for the usage to the seller, despite one used the product...
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Consumer confidence fell in Germany
Date: 2009-10-27 00:01:25
According to GfK market research institute; contrary to the expectations, consumer confidence has deteriorated in Germany,: November’s sentiment index decreased by 4.0 point from the previous 4.2 points. The analysts...
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Coffee is good for the liver
Date: 2009-10-27 00:00:28
According to the analysis of the American Cancer Institute (NCI) the daily consumption of coffee, has beneficial effect on liver function. Those chronic hepatitis C patients who drink three or...
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Quality complaints against dairy products
Date: 2009-10-27 00:00:15
All produced and marketed milk of Fresh Food Ltd. before 21st October will be recalled, because it does not meet the required composition – stated the Agricultural Office Authorization. The...
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Trade: sloping down
Date: 2009-10-26 00:06:21
According to the datas of the Central Statistical Office; retail sales decreased in the August of 2009 by 8.5 percent, compared to the same month of 2008. At foods 7...
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The economic expectations are improving for six months
Date: 2009-10-26 00:05:21
The seasonally adjusted value of the GKI economy index increases for six months now, after nearly half-year fall. The improvement is, however, slower than the deterioration was, so it is...
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