Market News
The end of the recession is unpredictable
Date: 2009-01-12 00:00:00
In 2009 the decline of GDP in the entire European Union will probably close to 2%, within this the downturn in Germany and consequently in Hungary will be somewhat deeper....
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“The Germans’ desire for beer is continuing to fall
Date: 2009-01-12 00:00:00
Beside the financial crisis a combination of an ageing population, changing drinking habits among younger people and the smoking ban which hit pubs and bars, had led to the drop...
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GKI's Consumer-business confidence in new historical low
Date: 2009-01-09 00:00:00
Industrial companies' assessment of production and order stock worsened. But the evaluation of stocks of their own products improved. Plans for price changes were the same as in November, but...
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Praline and chocolate sales grow in 2008
Date: 2009-01-09 00:00:00
According to Nielsen last year 7% more food were sold in the retail as a year before. The total value of 90 categories, researched by Nielsen, was HUF 1300 billion,...
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OKSZ calls the retailers for energy efficient operating
Date: 2009-01-08 00:00:00
The organisation suggests voluntary steps for saving energy to keep out the closing or limitation of retail spaces. Hungarian Retail Associciation launch a public appeal for gas saving operating of...
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Retailer are pessimistic, the service sector is no lower
Date: 2009-01-08 00:00:00
After the bottom recorded during October and November the value of GKI’s economic sentiment index adjusted for seasonal effects dropped again in December. According to the survey conducted by GKI...
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Daily more millions of milk will be wasted vain
Date: 2009-01-08 00:00:00
If the dairy firm will not take the fresh milks because of the limitaiton of gas usage, farmers have to throw out million liters of milk. Hungarian Agriculture Chamber ask...
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Gas restrictions was lifted on category II consumers
Date: 2009-01-08 00:00:00
Restrictions remain in place for “category I” consumers that use more than 2,500 cubic meters per hour. Hungarian gas transmission company FGSz said it would reintroduce the restrictions on category...
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Price in food industry low by 0.5%
Date: 2009-01-07 00:00:00
Domestic sales prices of industry decreased by 1.3% in November 2008 compared to the previous month and were 10.8% higher than in November 2007. Export sales prices of industry measured...
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Next British clothes retail chain in trouble
Date: 2009-01-06 00:00:00
Adams Childrenswear has closed 111 of its stores in UK. As a result of the closures, 850 members of staff have been made redundant with immediate effect. Adams blamed the...
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Hungarians are less happy than the European average
Date: 2009-01-06 00:00:00
The 51-country Nielsen happiness study, which polled 28,153 respondents online in May 2008, found that globally, women are happier than men in 48 of the surveyed countries. Hungarians are most...
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Germany under negative watch by Coface
Date: 2009-01-06 00:00:00
Following in the footsteps of France – under negative watch since October 2008, Germany was the last major Western European country to have the best Coface country rating. Weakened by...
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No rice absence to wait
Date: 2009-01-06 00:00:00
Vietnam could export more than 5 million tonnes of rice in 2009, up at least 6.4 percent from last year, a state-run newspaper said. In 2008 Vietnam exported 4.72 million...
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NO Sunday shopping in Croatia
Date: 2009-01-05 00:00:00
Retailers complain the new law will adversely affect the economy, forcing layoff and shop closings. They want a repealing of the new law. The law was passed Dec 30 after...
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Extrem big Christmas Shopping
Date: 2009-01-05 00:00:00
December retail sales in Hungary may exceed HUF 900 million, the biggest collective Christmas spending spree for the nation ever. According to National Retail Association Secretary György Vámos this year...
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Year of liquidations comes?
Date: 2009-01-05 00:00:00
Last year 11,504 firms were liquidated, only in the last quarter more than 3,400. According to Opten Informatic Ltd. the year 2009 will be worse, because the Hungarian SMEs has...
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Tender for protecting innovation
Date: 2009-01-05 00:00:00
This special source could pay 45% of the total cost of technology developments. The summ is non-refundable. The aim of the construction is to protect the innovation operation of the...
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Earnings at U.S. retailers will fall 20 percent in 2009
Date: 2009-01-05 00:00:00
The International Council of Shopping Centers in New York predicts 73,000 U.S. stores may shut in the first half of 2009 after what may have been the worst holiday-shopping season...
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Global manufacturing PMI fell to new low
Date: 2009-01-05 00:00:00
The PMI for Eurozone manufacturing sector fell to 33.9 in December from 35.6 in November. The current reading was the lowest since 1998, when the survey started. The Purchasing Managers...
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Goverment doubled the state support by Széchenyi Card
Date: 2009-01-02 00:00:00
The states supported credit facility provides micro-, small- and medium enterprises. In 2002 VOSZ (National Organization of Entrepreneurs and Employers ) and MKIK (Hungarian Chamber of Commerce and Industry )...
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Russian retailers are cautious about new store openings
Date: 2009-01-02 00:00:00
The most chain is thinking in smaller shops againt big hypermarkets. Leading Russian retail chains have become more cautious about opening new stores and many companies have abandoned high-cost projects....
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Hungarian consumer confidence plummets
Date: 2008-12-31 00:00:00
The quarterly Hungarian consumer confidence index slid 22.7 percentage points to 70.9 percent in the fourth quarter, Ecostat told. The index was nevertheless above 66.5 percent recorded in the third...
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Hungarian food export decreased
Date: 2008-12-30 00:00:00
In October 2008, both the export and import volumes decreased by 7 and 6 percent In the first ten months of this year exports increased by 6 percent and imports...
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Men experience less cons
Date: 2008-12-30 00:00:00
According to market researcher Tarki, every 4th Hungarians must to suffer some trumpery in the last three years. Researcher said men went trough less humbug as women. Women have more...
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Less Champagne sold
Date: 2008-12-29 00:00:00
The credit crunch has taken the fizz out of champagne sales which have shown their first major fall for two decades. The latest figures from France's champagne wine board, the...
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Melamine tainted biscuits from China
Date: 2008-12-29 00:00:00
More than 1,500 boxes of Chinese biscuits exported to Hong Kong and Singapore have tested positive for melamine as suspects in the protracted tainted-food scandal go on trial in China,...
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(HU) Akciózással harcolnak a csőd ellen az angol kiskereskedők
Date: 2008-12-23 00:00:00
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(HU) A harmadik, kevésbé vonzó alternatíva döntésre inspirálja a habozókat
Date: 2008-12-22 00:00:00
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