Market News
Czech retail sales decreasing further
Date: 2009-06-16 00:01:00
For April, the retail sales were decreasing for the sixth month in the Czech Republic. The economic recession and the rising unemployment rate reduced purchasing. The annual retail sales decreased...
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Thirty-two hyper – supermarkets and discounts, and 18 drugstores opened this year
Date: 2009-06-15 00:38:13
The main criterion in the choosing of shops is to find a store where the customers can find everything they need. By the end of 2007, 1016 hypermarkets, supermarkets and...
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Sixty-five percent of the domestic firms has debt that has expired
Date: 2009-06-15 00:31:48
The Marketx Group on behalf of Coface Hungary, examined the risk management practices of domestic firm. An increasing number of companies are affected with debts and their own debts are...
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International meat seminar in Germany
Date: 2009-06-15 00:09:01
The German-based CSB System AG, organises an international seminar linked with a plant visit for the leaders of Meat Companies on 17 and 18 June in Geilenkirchen, Germany. The topics...
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New leader at the Nielsen's Trade Relations Division
Date: 2009-06-15 00:05:29
Since 16 April 2009, Hortobágyi Ágnes (30 years) will be the new leader of Trade Relations Division at Nielsen. Hortobágyi Ágnes joined the Nielsen team five years ago. Before her...
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WTO: world trade is in a worrying situation
Date: 2009-06-15 00:01:00
According to Pascal Lamy, the President of World Trade Organization (WTO), the value of global trade decreased by 9 percent and there are no signs of improvement. "I do not...
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Public sentiment is stable in May
Date: 2009-06-12 00:39:00
According to Nielsen market research company's monthly survey, the consumer confidence index in May stabilized on 40 points, on the same value as it was in April and 3 points...
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Thirty-seven percent of women like to spend their time with purchasing
Date: 2009-06-12 00:29:00
GfK Hungária made a survey about The “typical” Hungarian woman, which shows, the Hungarian women's values, what are they doing in their spare time and what are their shopping habits....
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Increasing sales on the cosmetics and household chemical goods market
Date: 2009-06-12 00:20:00
The retail sales of household chemical goods and cosmetics increased by 3 percent between last May and the April of this year, compared to the previous similar period, with a...
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Increasing inflation in May and on an annual basis
Date: 2009-06-12 00:17:00
In May, the monthly increase in consumer prices was 1.5 percent. Compared to the May of 2008 it was 3.8 percent. In the first five month of this year prices...
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The emmissioning of cafeteria vouchers is a successful business
Date: 2009-06-12 00:01:00
The turnover of the companies emmissioning cafeteria vouchers was billions of forints in 2007. Pre-tax profits were around 50 percent of net sales. The issuers paid hundreds of millions for...
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Law Proposal instead of food code
Date: 2009-06-11 00:33:00
After Economic Competition Authority alleged food code's several details, parliamentary parties will submit a common law proposal on regulating the ethical behavior of food retailers. According to the Economic Competition...
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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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