Market News
Real incomes rising in competitive sector
Date: 2008-06-27 08:00:00
According to a forecast by GKI Gazdaságkutató Zrt prepared with the cooperation of Erste Bank, data from the first quarter of the year seems to confirm expectations that economic growth...
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Increasing promotional spending in the US
Date: 2008-06-27 08:00:00
According to a Nielsen survey conducted in the US, an increasing number of manufacturing enterprises use promotions. Both manufacturers and retailers want promotions to be effective. Both sides regard a...
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Most popular biscuits: sweet and smooth
Date: 2008-06-27 08:00:00
Sweet biscuits have become increasingly popular in recent years. Retail sales increased by 11 per cent in terms of value in the April 2007-March 2008 period, compared to the previous...
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Fewer visitors in transit
Date: 2008-06-27 08:00:00
The number of visitors staying for only one day was 3 per cent down in the first quarter of 2008, compared to the same period in 2007. The number of...
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Biscuits doing well in spite of their price
Date: 2008-06-27 08:00:00
Demand for biscuits has not dropped in spite of rising average price. Latest products fit well into healthy diets and biscuits have become a strategic product for discount stores. According...
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More money spent in Hungary by foreigners
Date: 2008-06-27 08:00:00
The number of foreign visitors in Hungary was 7.6 million in the first quarter of 2008, which represents an increase of one per cent. Foreigners spent a total of 16...
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Absurdistan
Date: 2008-06-27 08:00:00
The condition of the economy and the urgent need for a tax reform has been on the public agenda for years. The atmosphere at the second Business Dinner was quite...
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Spectacular growth
Date: 2008-06-27 08:00:00
Increasing sales of decor cosmetics reflect growing demand for wellness. Retail sales expanded by 14 per cent in terms of value last year, bringing total annual sales to HUF 60...
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Fewer hotel guests outside Budapest
Date: 2008-06-27 08:00:00
The occupancy rate for 3.4 and 5 star hotels was 50 per cent in the first four months of the year. Gross room revenues were up by 6 per cent,...
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Food as an investment
Date: 2008-06-27 08:00:00
Even expensive fuel is cheaper than cooking oil today. This is another argument for people who believe that food has become a strategic commodity. Strategic commodities deserve special attention as...
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More colour in domestic market of decor cosmetics
Date: 2008-06-27 08:00:00
Hungarian women tend to use less make up than women in neighbouring countries. Mainly foundation cream and mascara are used, while coloured products like lipstick are not very popular. According...
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Cooking oil producing highest price rise
Date: 2008-06-27 08:00:00
The average rise in consumer prices was 0.3 per cent in April. Prices were 6.6 per cent higher than in April 2007. Food prices were up by 1.4 per cent...
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Dramatic deterioration in payment morale
Date: 2008-06-27 08:00:00
According to data from Coface, a dramatic deterioration took place in payment morale in the first four months of 2008. The number of non-payments increased by 45 per cent compared...
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Hygienic, multiple layer packaging from plastics
Date: 2008-06-27 08:00:00
Plastics are the most commonly used packaging material for food, accounting for 50 per cent of all packaging materials in Hungary, in terms of volume. Plastics are used in three...
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Food industry in recession
Date: 2008-06-27 08:00:00
Industrial production was up by 4.3 per cent in March 2008, compared to the same month in 2007. Industrial production was 6.9 per cent higher in the first quarter of...
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Hungarians Drunk More Milk
Date: 2008-06-27 00:00:00
In the first quater of 2008 the milk consumption grow, but people buy less „light” 1.5% milk and because of price, more 2.9% milk. According to GfK's ConsumerScan research the...
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Domestic sales prices of industry rose by 11.7%
Date: 2008-06-27 00:00:00
Export sales prices of industry, measured in HUF, decreased by 2.2% compared to the previous month and slightly, by 0.1% compared to the corresponding month of the previous year. ...
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New tax stamp for alcohol drinks from July
Date: 2008-06-26 00:00:00
The inspector can control the information on the tax stamps with a laptop and a bar-code reader direct in the store. After the electronic data recording the product's way...
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It isn't worth not to pay the TV tax
Date: 2008-06-26 00:00:00
The penalty is insignificant, but it has no sense therefore to come tax authorithy's horizon. After nowadays rules TV tax must to pay for Hungarian Tax Authority, but first...
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1% fall in EU27's retail
Date: 2008-06-26 00:00:00
For the eurozone countries the decrease was by 2.9% compared with the same month a year ago. According to a Eurostat the highest increases were observed in Romania (18%)...
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In April the domestic retail turnover exceeded HUF 508 billion
Date: 2008-06-26 00:00:00
Compared to the previous month, the volume of retail sales increased by 0.4% according to seasonally and calendar adjusted data. According to calendar adjusted data, the volume of retail...
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EU farm union sees higher 2008-09 cereals harvest
Date: 2008-06-25 00:00:00
European Union farmers should harvest 293.32 million tonnes of cereals in the 2008-09 (July-June) crop year, up from the 254.99 million tonnes seen in 2007-08, EU farm union Copa-Cogeca said....
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Replacing HUF 200 note with coin in 2009
Date: 2008-06-25 00:00:00
The coin would be more practical and safe than the notes that generally need to be replaced every two years. Hungary's Monetary Council has decided on Monday to introduce a...
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German business confidence falls in June
Date: 2008-06-24 00:00:00
The index fell in June, dragged down by concerns over record high oil prices, the closely watched Ifo survey showed. The Munich-based Ifo institute's business climate index fell to...
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Hungarian Egg Producers Association Restricted the Competition
Date: 2008-06-24 00:00:00
On the first stage the Judgment of Capital approved the decission of Hungarian Competition Authority that there was a kartell between the Hungarian Egg Farmers. The association of the Egg...
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UK's Beer Sales Fall To 33 Year Low
Date: 2008-06-24 00:00:00
Thanks to the economic situation, the smoking ban in pubs, the credit crisis and loss of consumer confidence British drunk 1.7 % less. Beer sales in the UK are...
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Food Forgery is Worldwide a Big Business
Date: 2008-06-24 00:00:00
Yearly USD 500 billion comes form food forgery, more than from drug business. From September there is a new act in Hungary against food fakers. According to information came at...
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Hungarian Dairy Farmers to Protest
Date: 2008-06-23 00:00:00
In Mai the procurement price of one liter milk was HUF 80, it is the lowest price, from this farmers hardly can feed their animals, paralel with this cheap import...
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Sampling control in Campona Mall
Date: 2008-06-23 00:00:00
The specialists of „Heatwave Commando” checked food safety and hygenic status of products and services of the shops and restaurants in the mall. The control periode of Heatwave Commando starts...
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The Future's company develops with the assistance of the customer
Date: 2008-06-20 00:00:00
The enterprise of the future is capable of changing quickly and successfully, according to a summary of IBM's findings. “Instead of merely responding to trends, it shapes and leads them....
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