Market News
HUF 350 bln for R+D in Hungary
Date: 2009-03-03 12:15:35
A map of the subsidies was published by R+D minister Károly Molnár at a symposium. About HUF 350 billion in grant money to support research and development as well as...
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Competition Commission to introduce code to protect supermarket suppliers
Date: 2009-03-03 12:13:57
The Competition Commission in the UK will introduce a new code of practice for supermarkets to enhance competition and ensure the fair treatment of suppliers. After investigations last year the...
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Drastic Sales decreasing in Lithuanian
Date: 2009-03-03 11:10:22
Sales at food retailers were down 10.2% year-on-year, while non-food retailers suffered more, with sales down 20.6%. Sales at Lithuanian retailers in January slumped by 27.2% on a year-on-year basis...
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U.S. consumer spent more in January
Date: 2009-03-03 10:35:42
The January gain followed a drop of one percent in December 2008 and was even better than the 0.4 percent increase that economists had expected. U.S. consumer spending rose 0.6...
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The value of GKI’s economic sentiment index has been falling
Date: 2009-03-02 06:28:39
According to the survey conducted by GKI Economic Research Co. with the support of the European Union, business expectations deteriorated even more sharply in February than in January, whereas the...
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Less coffee consumption decreasing as awaited
Date: 2009-03-02 06:23:05
Valdo Café made a survey between its 100 big clients about the effects of the financial crisis on coffee consumption in Hungary. According to the survey there is a small...
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Retail investments increased in 2008
Date: 2009-03-02 05:21:26
The annual value of investments came to HUF 4791.5 billion at current prices. Within this HUF 1835.2 billion were spent on investments in the fourth quarter of 2008. According to...
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Returnable packaging contra selective waste collection
Date: 2009-03-02 05:14:07
There are several methods in the EU for collecting of packaging waste. Öko-Pannon Kht. and Ministry of Environment and Water organised a conference about this. The participants of the event...
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Lidl Seeks to Repair Image
Date: 2009-03-02 05:04:00
Europe's biggest discount supermarket chain is trying to fix its image after last year's revelations that it spied on staff. In an interview with SPIEGEL ONLINE, Lidl's purchasing chief Robin...
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Subvention cut is misproportioned – assures the Hungarian Chamber of Agriculture
Date: 2009-03-02 04:55:11
The organisation said the government encroaches on principle of proportion and equitableness. The chamber asks for extending the quarantee of the government for agricultural integrators. The Hungarian Chamber of Agriculture...
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Antitrust fine on pasta makers in Italy
Date: 2009-03-02 04:23:00
The Italian antitrust authority has fined 26 pasta manufacturers a combined total of E12.5m, for practices that were said to be impeding competition. The regulator said the companies, along with...
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Food Makers Pump Up Fiber Contents
Date: 2009-02-27 10:12:21
According to Datamonitor's Product Launch Analytics, the percentage of new food products touting high fiber contents is up in markets like the U.S. In the U.S., the percentage of new...
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Financial crisis speeded up the changes in consumption pattern
Date: 2009-02-26 10:44:39
Hungarians spent less in milk, processed meat and detergent categories, but gave the same for paste, cheese, yoghurt and hygienic supplies. According to think tank GfK, the negative tendence in...
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Hungarians bought more suppressed in December
Date: 2009-02-26 10:19:17
According to Hungarian Central Statistical Office's data, the volume of retail sales decreased by 3.9% in December, and by 2.1% in the whole year compared to the same period of...
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Hungarian Product Grand Prix 2009
Date: 2009-02-26 10:15:13
Companies can entry the competition till 22th Mai, this time in 16 categories. The inviters think, that the most important aspects of the 12th Hungarian Product Grand Prix: innovation, active...
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Plastic separation by optical mashines
Date: 2009-02-25 09:06:00
FE-Group invested HUF 400 million to by x-ray mashines for detecting detect non-plastic waste and other garbage between the collected plastic waste. The first optical waste managment system works in...
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Unilever Launches Ice Cream Business in Romania
Date: 2009-02-25 04:34:00
Company has agreed to acquire the iconic Romanian ice cream brand Napoca, and will sell Magnum and Carte d'Or, throughout the country. In addition to Magnum and Carte d'Or, the...
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Poland simplify excise tax stamp
Date: 2009-02-25 04:12:00
From March 1, 2009, Poland will initiate a new excise stamp regime for alcohol. Excise tax stamp plans were updated simultaneously for tobacco. From March 1, 2009, Poland will initiate...
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Hungarian Chamber of Agriculture promises more assertive clout
Date: 2009-02-24 15:00:53
The chamber established five departments, they will cooperate with sectors special organisations, deal severely with Hungarian government and the European Union and mind interests of the sector. Last week delegates...
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Hungarian Plain is one of the poorest region in EU
Date: 2009-02-23 04:42:32
The poorest 20 regions in the EU 27 were all located in Bulgaria, Hungary, Poland and Romania, In Hungary the Nort and South Plain and North Hungary are the most...
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Specialists don't forecast food price increase
Date: 2009-02-20 07:17:23
According to Márton Szabó, Kopint-Tárki Research company's leader analyser, increasing VAT from 20 to 23% will not have big effect on food prices. Researchers think the retailer will not assign...
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Hungarian wine growers in trouble
Date: 2009-02-20 05:41:19
According to Varga Winery market analyze demand for wine decreased at HoReCa sector, but sales in retail are till now stabil. The survey said in January there was a 15-20%...
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Retail area still growing in Hungary
Date: 2009-02-19 12:07:04
According to DTZ real estate adviser's analyze in 2009 the retail area increase by 450,000 sqm in Hungary. In next 3 years the grow will be 1 million sqm. Last...
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Hungarians has only 5 hours free time on workdays
Date: 2009-02-19 11:33:28
People have year to year less free time, and no changes to wait – concludes GfK Hungária newest freetime research. According to the survey responders think they will get less...
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Council tax against too much food packaging
Date: 2009-02-19 05:53:00
Almost 40 per cent of supermarket food packaging cannot be easily recycled, according to a study by the Local Government Association. Researchers assessed the packaging in a typical shopping basket...
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Majority of Hungarians think themself obese
Date: 2009-02-18 12:00:29
According to a Nielsen survey in 52 countries only 18% of Hungarians try to loose weight, it is the less in Europe. The research indicate that there is a global...
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Central and Eastern European companies remain upbeat
Date: 2009-02-17 12:10:55
A survey, undertaken by the Economist Intelligence Unit on behalf Atradius shows that despite concerns about the regional economy, companies do not expect a significant deterioration of their business in...
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First industry output decreasing since 1992
Date: 2009-02-17 11:30:13
In 2008, the volume of industrial production declined by 1.1% compared to 2007. In December 2008, industrial gross output decreased by 19.6% compared to December 2007, the index adjusted for...
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Russia Raises Import Duties on Milk and Butter
Date: 2009-02-17 07:28:59
The Russian government announced that will increase the import duty on butter (derived from milk) to not less than 0.35 Euro/kg, up from 0.22 Euro/kg; and Resolution that increases the...
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Fast food restaurants enjoying strong growth trough the recession
Date: 2009-02-17 07:15:15
KFC will invest EUR167million in a project to open 300 outlets over the next 3-5 years in the UK. According to KFC, the company is enjoying strong growth through as...
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