Market News
The consumer expectations improved again in June
Date: 2009-06-11 00:28:00
The seasonally adjusted value of the GKI consumer confidence index increased by 4 points to -64.3 points, after the turning point in May. According to the survey supported by the...
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Drought and hail affects agriculture
Date: 2009-06-11 00:22:00
Because of the weather, the agriculture is in a difficult situation. Food will become more expensive due to the lower production and the ice damage. Price increase might be up...
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Commercial chain would bound VAT increase on food producers
Date: 2009-06-11 00:02:00
Several large commercial chains turned for help to the processors, asking for a discount of 4-6 percent because of the VAT increase. According to Boródi Attila, Executive Chairman of the...
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The Hungarian rosé can survive
Date: 2009-06-10 00:22:00
The European Commission announced that Brussels does not support the proposal, which would allowed the production of rosé wines combining red and white wine – reports Origo. The authorization procedure,...
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Decreasing Hungarian GDP in the first quarter
Date: 2009-06-10 00:18:00
The gross domestic product (GDP) in the first quarter of 2009 was 6.7 percent lower than a year earlier, with the screening of calendar effect it was 6.1 percent lower...
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Employment can decrease with further four percent
Date: 2009-06-10 00:13:00
According to Manpower's international survey the number of employees in the third quarter of the year can decrease by 4 percent in Hungary – states Kiss Judit, the Managing Director...
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Poultry sector can increase this year
Date: 2009-06-10 00:05:00
Despite the adverse economic conditions, the poultry sector calculates with about 6.5 percent growth for this year – stated Bárány László, President of the Poultry Product Council (BTT). The President...
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Renewal of the Új Magyarország Development Loan
Date: 2009-06-09 00:24:00
According to the Ministry of Agriculture for the end of June, the commercial banks will also make available the new and even more favorable version of Új Magyarország Development Loan....
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One hundred million euro credit line to medium-sized businesses
Date: 2009-06-09 00:18:00
Hungarian Development Bank Ltd. (MFB) and the European Investment Bank (EIB) signed an agreement of an amount of hundred million Euros credit line, to finance the projects of medium-sized businesses....
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Fluctuating grain prices are expected in the future
Date: 2009-06-09 00:10:00
According to an officer of the UN Food and Agriculture Organization (FAO) probably there will be greater volatility in the grain prices in the future than it has been before....
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EU wants more understandable food labels
Date: 2009-06-09 00:03:00
European Commission called on the clearer and more efficient information connecting with the quality of agricultural products. According to the European Commission the strenghtening of the relationship between producers and...
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Increasing cocoa world prices
Date: 2009-06-09 00:01:00
In the past two weeks, cocoa increased by 11 percent on the London commodity markets. The processing industry's demand for cocoa has been a significantly increased in the last few...
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The consumption of non-alcoholic beer increases
Date: 2009-06-08 00:42:00
Between May 2008 and April 2009, five percent more non-alcoholic beer has been sold than a year earlier. The average price of a liter decreased from 330 HUF to 302...
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More than six billion HUF, EU and governmental support to the palinka distilerries
Date: 2009-06-08 00:41:00
This year, the government and the European Union contributed in a 50-50 percent support for the Hungarian palinka distilerries. The development will be carried out by 6.4 billion HUF. According...
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The Ministry of Agriculture declared Vis Maior due to the drought
Date: 2009-06-08 00:40:00
The Agriculture Minister proclaimed Vis Maior due to the drought of 2009 for the whole territory of Hungary. Farmers can claim drought alleviation at the Administrative Office of Agriculture –...
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GKI forecast on the 2009 processes of the Hungarian economy
Date: 2009-06-08 00:11:00
According to the forecast of GKI Economic Research Ltd. and Erste Bank, the nadir of the recession is expected in the second-third quarter of this year. However, the improvements will...
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Purchase vouchers for the bottles
Date: 2009-06-08 00:01:00
As a purchase voucher, customers will receive their deposit in amount of the environmental protection, if they return their empty, “one-way 'packaging, products to the store of Auchan Hungary Ltd....
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Eurozone's retail trade turnover has been increased in April
Date: 2009-06-05 00:39:00
The retail sales in April increased by 2 percent compared to March as it was expected. The index has increased for the first time in a five month period. Compared...
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Traders suspends the implementation of food code
Date: 2009-06-05 00:30:00
Although the Economic Competition Authority has welcomed the creation of the code, and believed only a few points concerned, traders reject the entire code referring to Economic Competition Authority's competition...
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Hungarians purchasing less food and household chemical goods
Date: 2009-06-05 00:25:00
According to the recent survey of GfK Hungaria Market Research Institute Hungarian household spent ess money on daily consumer goods during the first quarter of 2009 than a year earlier....
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Hong Kong interested in Hungarian wine regions
Date: 2009-06-05 00:21:00
Businessmen of the Hong Kong Food and wine industry will visit the most important wine-growing areas of Hungary between 10 and 13 June 2009 seeking for new business opportunities. The...
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Help arrived to the food industry
Date: 2009-06-05 00:16:00
Bank Guarantee Program has started, providing assistance for the food companies. The enterprises in difficult situations can access working capital loans with the assistance of the Hungarian Development Bank. Hungarian...
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The payment moral is getting worse even on Hungarian export markets
Date: 2009-06-04 00:32:00
The European companies assessed less positive the payment patterns of their partners in 2009 then in the summer of 2008, and they also received a negative assessment from their international...
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Eurozone's economy decreased
Date: 2009-06-04 00:20:00
In the first three months of 2009 the consumption and the exports has reached the worst decrease since 1995. The GDP of the Eurozone has been decreased by 2.5 percent...
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Milk from the producer
Date: 2009-06-04 00:15:00
The dairy producing businesses are trying to get more income in the next few years with the increase of direct milk consumption – reports Világgazdaság Online the statement of the...
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Czech Republic claims over a new farm support system
Date: 2009-06-04 00:08:00
The three day meeting of Agriculture Ministers of the EU was held in Brno, Czech Republic. Prague argued the current system of EU subsidies. The dispute resolution questioned the justification...
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Increasing food exports to Romania
Date: 2009-06-03 00:35:00
Last year, Romania became the 2nd largest receiver of Hungarian food export. Romania is a 20 million market in the neighborhood. The purchasing power of its population increased, but its...
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Improvement in the corporate atmosphere
Date: 2009-06-03 00:30:00
Ecostat 's prosperity indexes improved in the past three months among the TOP-100 companies and among the medium-sized enterprises too. Ecostat 's TOP-100 prosperity index of large enterprises increased by...
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The courses of the Hungarian Marketing Association ended with great success
Date: 2009-06-03 00:24:00
The Hungarian Marketing Association (MMSZ) held a a series of events with the support of the National Development and Ministry of Economy for the domestic small and medium size enterpise...
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The Hungarian Purchasing Manager index increased
Date: 2009-06-03 00:18:00
The market is dominated by the positive news nowadays so it is not surprising that the Hungarian purchasing manager index joined the large team of indexes with optimistic vision. Following...
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