Market News
Hungarian corn will be utilized by the European Union
Date: 2009-06-29 00:05:00
The European Union will utilize16 thousand tonnes of corn, from the 2004 and 2005 harvest probably cheaper than the intervention price. Offers should be submitted by mid-December 2009. The stock...
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Fair trade might be a subject to vote on Monday already
Date: 2009-06-26 00:25:41
The entire parliament has supported the bill about fair trade stating that it should depend on the agrarian minister's decision whether or not the competition authority should proceed in certain...
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National Commercial Association did not expect bill to be tabled
Date: 2009-06-26 00:20:00
National Commercial Association (OKSZ) disapproves the fact that members of the parliament have tabled a bill in connection with Food Codex prior to the agreement on 24th June. They are...
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A 3.4% year-on-year decrease in the volume of retail sales in the first four months of 2009
Date: 2009-06-26 00:17:00
In April, retail sales continued to decrease at an increasing rate, showing a decrease in volume of 4.1% compared with last April. Compared to the previous month, the volume of...
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Retail sales remain weak in Great Britain
Date: 2009-06-26 00:11:00
Retail sales in Great Britain fell for the second month running in the year to June, following April’s brief respite, the CBI announced this week. The decline, broadly in line...
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Stockmen in Vas may get nearly six billion HUF
Date: 2009-06-26 00:06:00
Farmers in Vas County have won 5.8 billion HUF from the European Agricultural and Rural Developmental Found in order to make settlements more up-to-date – an arictle by Origo states....
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British business services sector may lose over 300 thousand jobs
Date: 2009-06-26 00:02:00
Over 334,000 jobs will be axed across the business services sector by 2011 – the Centre for Economics and Business Research (CEBR) warned. The study conducted by CEBR suggests that...
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UN-OECD outlook: growing food prices in the next ten years
Date: 2009-06-25 00:09:33
Increased demand for biofuels driven by high oil prices is causing fundamental changes to agricultural markets that could drive up world prices for many farm products, according to the new...
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The agrarian branch may be a way out of recession
Date: 2009-06-25 00:09:30
Significant changes occurred in the agrifood chains and related market relations throughout Central and Eastern Europe during the last decades, results are stable now – professor Csaba Csáki pointed out...
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Preferential tax for benifits in kind
Date: 2009-06-24 00:15:52
Based on a new agreement by National Interest Reconciliation Council, benifits in kind are not being taxed according to the 32 percent general, but the 25 percent preferenitial tax key....
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The way GKI sees 2009
Date: 2009-06-24 00:10:01
For Hungary (and for every other emerging country) the period of ample liquidity finished that came to en and last year meant that missing domestic savings could be substituted with...
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Hungarian customers get information online before shopping
Date: 2009-06-24 00:09:00
Hungarian customers do obtain information online before doing the actual shopping in most of the cases – according to a survey conducted by TNS Infratest, ordered by Google. Thousand customers...
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VAT-war goes on: OKSZ denies its responsibility
Date: 2009-06-23 00:15:00
OKSZ (National Commercial Association) denies the assumption that they abuse producers' market strength when it comes to the VAT-rise. Hungarian food producers have made their complaints at the Commercial Competition...
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Drink makers afraid of VAT-changes
Date: 2009-06-23 00:13:00
While certain areas of the Hungarian alcoholic beverages market will hardly be affected by tax changes, other segments may suffer greatly. Csaba Horváth, secretary general of Hegyközségek Nemzeti Tanácsa said...
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Retails aiming to increase less than expected
Date: 2009-06-22 00:22:05
Retail companies are not planning to add the 5 percent VAT-rate increase to all their prices, to be introduced on 1st July – companies interviewed by MTI pointed out. The...
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Bus-tourism may see a 15 percent increase this year
Date: 2009-06-22 00:22:00
Bus-tourism is more popular than ever all over Europe, and this tendency is already visible in the Hungarian foreign trade trends as well – an article by Világgazdaság states. A...
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European farmers expecting EU to stabilize dairy market
Date: 2009-06-22 00:06:00
European Union leaders called on the European Commission to study how to stabilise the dairy market, and put a halt to falling prices of import dairy products in Europe. Austria,...
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Shrinking expo markets, but it is better than expected
Date: 2009-06-19 00:41:08
The economic crisis affected the exhibitions and the events as well. Less exhibitors, renting less exhibition spaces on fairs and on exhibitions. Downturn was 10 percent so far, however, the...
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Economic Competition Authority enters 'VAT-war'
Date: 2009-06-19 00:34:01
Economic Competition Authority was informed that the from 1 July some retail businesses turned to its suppliers with a call for price reduction. Economic Competition Authority seeks to clarify the...
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Almost 4 billion euros had been disappeared in the German retail market, last year
Date: 2009-06-19 00:18:12
Last year, 3.9 billion euros inventory shortage has been generated in the German retail market. Thieves are responsible for 2 billion euros, but the rest disappeared by the result of...
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Budapest is the eighth most popular Conference venue
Date: 2009-06-18 00:42:37
Budapest moved to eighth place from the former twenty-fourth in the 2008 year ranking of the Union of International Associations (UIA) on the list of the most popular Conference venues....
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Dry batteries must be collected back in stores
Date: 2009-06-18 00:35:14
Many operators of stores and shops, do not know that from 1 July it is obliged to take back the used dry batteries. If a business does not put out...
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Social shops to open in Somogy
Date: 2009-06-18 00:25:03
The first social shop in Somogy will open in Balatonboglár on 26 June. Hopefully, customers can shop from the beginning of July in the social shop of Siófok and of...
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Melon season started this week
Date: 2009-06-18 00:08:47
The high heat sweeten melons, so this year's crop will be tasty, but because of the drought and the scandals of last year's, volume will be less than normal. The...
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Price increase has been stopped in the euro zone
Date: 2009-06-18 00:01:00
According to Eurostat's statistics of inflation, in May 0.0 percentage value was indicated in the 12 monthly consumer price index for the euro zone. On monthly basis, 0.1 percent inflation...
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Only one-third part of the adults are willing to protect the environment
Date: 2009-06-17 00:26:00
Only one-third part of Hungarian adult population, are interested in the environment, as a subject. Similar proportions are those who say they are willing to do, to protect the environment...
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158 thousand businesses in Hungary at the end of 2008
Date: 2009-06-16 00:37:12
New stores were opened in all regions of Hungary last year, with a total of 137 thousand sqare meter basic area. The size of the national basic area has been...
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In case of cartel suspect, they firms have to demonstrate
Date: 2009-06-16 00:28:55
There is no international example of the modification of the Hungarian Competition Act. From now the sued companies have to prove, that their illegal market behavior put less impact on...
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VAT- war between the processors and retailers
Date: 2009-06-16 00:22:50
The National Food Processors Association reported to the Economic Competition Authority that the processors of the chain of stores want to force the supplier firms to a 4-6 percent reduction...
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The Mangalica holders are in advantage – Swinefat is increasing
Date: 2009-06-16 00:08:00
Long time ago fat was the food of the poor. At the moment it is far more expensive than cooking oil. According to market analysts, the oil price rise is...
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