Market News
From a love for wine to knowing consumers
Date: 2007-08-29 08:00:00
There is no question about; the international wine sector has gone through the most revolutionary periods its history. The same has happened to the Hungarian wine sector for different reasons....
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Everything the mouth needs
Date: 2007-08-29 08:00:00
Ever more innovative POS solutions and promotions are used by manufacturers to expand the mouth care category. Adequate impulse is very important in this category, as Hungarian consumers buy toothpaste...
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External balance improving as well
Date: 2007-08-29 08:00:00
According to the latest forecast prepared by GKI Gazdaságkutató Zrt. with the help of Erste Bank, both the external and internal balance of payments is expected to show substantial improvement....
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International wine developments
Date: 2007-08-29 08:00:00
During the Hungarian privatization, the international wine sector and market have gone through its revolutionary period what has resulted in a change we have never experienced before. The Hungarian wine...
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Toothpaste every two months, toothbrush every six months
Date: 2007-08-29 08:00:00
According to data from the Consumer Scan of GfK Hungária for 2006, 40 per cent of Hungarian households bought toothbrushes in 2006. The product is purchased more frequently in large...
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Fewer foreigners, more Hungarians
Date: 2007-08-29 08:00:00
The combined number of nights spent at commercial places of accommodation by foreign and Hungarian guests grew by 3 per cent in the first five months of the year, compared...
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Continuous administration with difficulties
Date: 2007-08-29 00:00:00
The Tax Office (APEH) collected Ft 73.2 billion ($384 million) from fees in the first seven months of the year; Ft 31.5 billion ($165.6 million) of the sum was channeled...
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HUF 13.5 million penalties in case of guar gum
Date: 2007-08-29 00:00:00
Some of the company reported lately or not, or were behind the time with the revocation or worked not together with the authorities. In the last 6 weeks there were...
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Plans for a Stronger Customer Protection
Date: 2007-08-28 00:00:00
The Customer Protection Directorate, to merge with regional offices into a new National Customer Protection Authority from September 1 this year, will hire more staff from January 2008, Prime Minister...
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The NBH upped its 2007 CPI
Date: 2007-08-28 00:00:00
The National Bank of Hungary is waiting 7.6% yearly inflation wich is 0.3% higer as the prognosis of Mai. The primarily warranted by rising oil and food prices. Next year's...
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The label is only a form?
Date: 2007-08-28 00:00:00
Some manufacturers are deliberately 'hoodwinking' consumers over salt content, claims a new report from UK regulators. There is concern that consumers are being hookwinked and misled by some manufacturers who...
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Guargum monitoring and penalty in Hungary
Date: 2007-08-27 00:00:00
Authorities bound 90 products withdrawal in the domestic retail. There is a list on the authority's website with almost 200 firm name, which use dioxin tainted guargum, but only few...
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Less sales in small stores, in the hypermarkets the result is not so negative
Date: 2007-08-27 00:00:00
In June the fall of retail sales continued. Compared to the previous month the volume of retail sales adjusted for seasonal and calendar effects fell by 0.4%. It is 3.6%...
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Another outbreak of swine fever in Romania
Date: 2007-08-24 00:00:00
It was the third outbreak in the country in recent weeks and the second on a farm owned by Smithfield Foods Inc. The disease was found this week on a...
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No merge, but collective purchase
Date: 2007-08-24 00:00:00
There is a reconciliation between Co-op and Real Hungaria retail chains about a purchase cooperation. The former new about the merge of the two companies was confuted, but the now...
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Cheap norse salmon on the borders?
Date: 2007-08-24 00:00:00
Norway and EU is hopping a positiv answer from the WTO. There has been a shocked reaction to claims from the Norwegian state broadcaster, Norwegian Broadcasting Corporation (NRK), that the...
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Russia bans Italian poultry to stop bird flu
Date: 2007-08-23 00:00:00
Russia banned poultry imports from Italy starting Monday to prevent the spread of the bird flu virus after outbreaks in the EU member state. An outbreak of low pathogenic...
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Chinese food meet the standars
Date: 2007-08-21 00:00:00
More than 99 percent of China's food exports meet U.S., European Union and Japanese standards, according to a White Paper policy proposal released by the information office of China's cabinet....
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From 2009 no more Nickelodeon figures in junk food ads
Date: 2007-08-21 00:00:00
Nickelodeon in pledging to limit the use of its characters on food packaging and promotional tie-ins when it targets kids under 12–unless the product meets certain healthy-living standards. Nickelodeon, which...
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HUF 87.5 billion general government deficit in August
Date: 2007-08-17 00:00:00
The ministry left its estimation for the entire year 2007 unchanged at HUF 1,529 billion, or 6.0% of GDP (cash-based figure without local municipality budgets). As expected, Hungary had HUF...
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No decrease in inflation rate in July
Date: 2007-08-15 00:00:00
The consumer price-level hasn't changed since June, it's 8.4% higher as one year ago – said KSH yesterday. The inflation for retirees was 11.4% higher on yr/yr basis, but 0.1%...
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Poisoning chineese toothpaste was found in the USA
Date: 2007-08-15 00:00:00
Gilchrist & Soames was recalling toothpaste made in China — that it had distributed to hotels in more than a dozen countries. Independent tests showed some samples contained diethylene glycol,...
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E.Coli Outbreak in Scotland
Date: 2007-08-15 00:00:00
One person died, and two others were hospitalized. A new case of e.coli was confirmed in Ireland, where a woman was hospitalized. William Morrison Supermarkets Plc, the U.K. food...
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Newest control wave at Lake-Balaton
Date: 2007-08-15 00:00:00
Not only the invoices will be checked, but the employment method will be controlled too. This week the supervisors of the Hungarian Tax and Financial Control Administration are operating together...
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