Market News
Activities in the black economy generated more than HUF 4,000 billion income
Date: 2007-07-10 00:00:00
Last years Hungarian GDP was HUF 23,560 billion, from this 17-18 % could be generated in the black economy. Hungary is to step up tax rigour in a bid to...
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New Hungarian real estate tax to come in 2009, not 2008
Date: 2007-07-09 00:00:00
Hungary will introduce the new real estate tax, which will combine four property-related local taxes and one central tax, from 2009, Minister of Economic Affairs, János Kóka said. Earlier this...
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Instead marmale honey is comming
Date: 2007-07-09 00:00:00
Sales of honey rose 14 per cent between 2004 and 2006 while marmalade sales dropped 10 per cent, according to a new study in the UK. The report by Mintel...
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Invest in automation
Date: 2007-07-09 00:00:00
Suppliers and manufacturers alike should investigate and invest in automation production lines, according to a new report. The study was carried out by the University of Lincoln in association with...
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Atrium Center Satu Mare, Romania
Date: 2007-07-06 00:00:00
The British Dawnay, Day has recently acquired 2.7 hectares of land in Satu Mare in order to build a shopping centre. The investment will amount to approximately €61 million according...
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White list for meat processing workers
Date: 2007-07-06 00:00:00
Clitraviand and EFFAT suggest to build out an Independent certifacte organisation for workers in european meat processing industry. The white list would help the mobility of workers inside of european...
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New VAT at 2010
Date: 2007-07-06 00:00:00
The European Commission is calling for simplification and rationalisation of value added tax (VAT) within the EU. Tax commissioner Laszlo Kovacs said a new framework for reduced rates is...
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In place of marketing engagement it must be attested
Date: 2007-07-05 00:00:00
The actions of funcional foods must be certifed by clinical searches. From 1 of July 2007 takes in effect the new EU legistation on health and nutrition claims on food....
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Flaming row about wine in EU
Date: 2007-07-05 00:00:00
The European Union head office proposed a drastic overhaul of the continent's wine sector to face up to increasing competition from abroad and eliminate a huge surplus of unmarketable produce....
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Grain production to increase
Date: 2007-07-05 00:00:00
The rapid growth of the world's biofuel industry is likely to keep farm commodity prices at high levels in the next decade as it will boost demand for grains, oilseeds...
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Chinese quality supervisors have a lot of work
Date: 2007-07-05 00:00:00
China said one-fifth of its consumer products don't meet government safety and quality standards. China, the world's biggest exporter of consumer products, faces pressure to improve safety standards as its...
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Unified property tax from 2008, major tax reform starts in 2009
Date: 2007-07-04 00:00:00
Hungary will implement some simpler modifications to its tax regime as of January 2008 and major adjustments to the system that require wide-scale preparations are to enter into force as...
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Hungarian fmcg's quilification – average
Date: 2007-07-04 00:00:00
International Service Chek – a mystery shopping company- made a survey in 7 CEE country + Russia about retail services. 60 cities, 61 retail chain, 160 test shops – from...
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€100 million retail investment in two Romanian cities
Date: 2007-07-04 00:00:00
Each project will take up an area of 8-10 hectares and will be finalized in 2010. A mall of around 50,000 square meters to include extensive leisure areas, in...
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Politicians against shopping on Sunday
Date: 2007-07-04 00:00:00
„Give Sunday back to the people!” – said the hungarian Christian Democrat Party. The party in the opposition wants that the multinational companies would have a profit less day, it...
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Food Nutrition Labels are Puzzle
Date: 2007-07-04 00:00:00
In a study of educated adults — 75 percent had at least a high school education — most had trouble understanding everyday food nutrition labels. Dietitians aren't surprised, since...
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Credit from the Drugstore – German method set an example
Date: 2007-07-03 00:00:00
The personal bank services are important in Germany, but this time the place of the credit application is not a branch bank, but a coffee house or a drugstore. Most...
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Sale and lease back
Date: 2007-07-03 00:00:00
European commercial property sales and leasebacks are set to grow to about 30 billion euros a year as firms seek to unlock the value of real estate on their balance...
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Tesco moves into the buoyant UK property market
Date: 2007-07-03 00:00:00
Sellers will be able to list their homes on a Tesco website for a one-off fee of about £200.Last year, rival supermarket Asda provided touch-screen terminals with details of properties...
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One month – 1300 checks – HUF 91 million penalties
Date: 2007-07-03 00:00:00
For authorities controlled in June together, the Hungarian Tax and Financial Control Administration, the Consumer Protection Agency, the Hungarian Labor Inspectorate and the Hungarian Customs and Finance Guard. Missing bills,...
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Decrease in Budapest but increase in Szabolcs
Date: 2007-07-02 00:00:00
The interim biennial purchasing power index compiled by GfK Hungária shows that well-performing counties are stagnating or dropped back slightly. Since 2000 there was a permanent growing in the capital,...
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Year of M&A
Date: 2007-07-02 00:00:00
According to Reuters global M&A activity is on target for a record year after a first-half surge. An increase in cross-border corporate mergers helped Europe push past the United States...
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Gaining deeper customer insight is the key to gaining a competitive edge in the retail
Date: 2007-07-02 00:00:00
Loyalty cards give retailers a better guide to customer preferences study finds."Customer loyalty is based on the extent to which merchants connect with customers' interests, values and needs," said Nigel...
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Hungary's external and internal balances improved in the first four months
Date: 2007-07-02 00:00:00
Hungary's Central Statistics Office (KSH) has revised that the cumulated trade gap at the end of the first quarter was EUR 442.4 m, down from prelim EUR 463.9 m and...
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Price of household goods decreased, food prices increased
Date: 2007-07-02 00:00:00
Domestic sales prices rose by 0.4% in May 2007 compared to the previous month, and by 7.8%compared to May 2006. The export sales prices expressed in HUF were higher by...
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Italy wins in „cheese war”?
Date: 2007-07-02 00:00:00
It sets up a thrilling finale when the full Court of Justice will rule later this year on whether “Parmesan” can be made only by northern Italians or by any...
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Own brand confectionery grows across European markets
Date: 2007-07-02 00:00:00
European confectionery private label market share is continuing to grow strongly, according the latest statistics by Neilsen for the Private Label Market Association. Results indicate that the retailer brand market...
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Business confidence of big Hungarian companies improve in June
Date: 2007-06-29 00:00:00
The index gauging the confidence of Hungary's largest corporations stood at 58 points in June, up 4 points from May and at a six-year high, indicating outstanding optimism, Ecostat, the...
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M.E.G.A. group is played into the hands of Ukrainian
Date: 2007-06-29 00:00:00
The ownership change was made in Februar, after the re-labeling scandals, but the Registry Court has enroled now the two new owner from Ukraine. The M.E.G.A. Group, with five firme,...
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