Market News
Price rises in Hungary and Europe
Date: 2007-09-24 08:00:00
According to an Eurostat survey, average food prices in Hungary were 29 per cent below the EU 27 average in 2006. We took 27-29th place among 37 European countries regarding...
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Commercial vehicles with extras
Date: 2007-09-24 08:00:00
Only 40 per cent of Hungarian forwarding businesses use vehicles which are not older than six years, while 30 per cent use vehicles which are older than nine years. If...
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Mr. Cheng Yun from Wuhan
Date: 2007-09-24 08:00:00
Mr. Cheng Yun is a typical representative of the dynamically expanding Chinese food business. He owns 200 food stores in and around one of the “second rate” cities, Wuhan which...
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If more coffee cannot be sold, sell better quality!
Date: 2007-09-24 08:00:00
There is intense competition in the coffee market. The development of the instant coffee segment has slowed down and private labels have also appeared. On the other hand, quality is...
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Consolidation in truck production
Date: 2007-09-24 08:00:00
Half of the world market of medium and heavy commercial vehicles is shared between six companies. Volvo (already the owner of Renault VI-t and Mack) acquired Nissan Diesel in March....
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Global toothpaste brand in a village
Date: 2007-09-24 08:00:00
Glen Murphy (42) director of the Chinese Nielsen subsidiary told us about the market research work they do to survey this 1,3 billion strong market. They have 600 full time...
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Substitutes stealing the show
Date: 2007-09-24 08:00:00
As consumers are becoming increasingly health conscious and wary of sugar, sales of sweeteners are expanding. Canderel is not only a sweetener brand, but also a well known and diverse...
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Good days for palinka
Date: 2007-09-24 08:00:00
Palinka sales in the HoReCa sector grew by 10 per cent in terms of value in the June 2006–May 2007 period. Total palinka sales in the HoReCa sector exceeded HUF...
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Outlet center in Polgár
Date: 2007-09-24 00:00:00
From HUF 4billion investment a mall is built near to M3 motorway in Polgár. The M3 Outlet Center will be finished on March, the construction work is made by Strabag,...
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The biggest Hungarian trade union wants real wages correction
Date: 2007-09-24 00:00:00
According to delegates of employers, the are several sectors, where in 2008 the agreed wages increase can't be given. Because of the tightening actions and the high inflations rate the...
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From March no more HUF 1, 2 coins
Date: 2007-09-24 00:00:00
The ratio of lost 1 and 2 forint coins has been very high for years and the price of base materials, primarily copper, nickel and zinc, also rose considerably in...
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Less sale from basic food too
Date: 2007-09-24 00:00:00
According to KSH the retail sales of food products dropped drastically in the first seven months. Hungarian retail sales dropped by 0.4% month on month in July, according to data...
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Fake Gillette made in China
Date: 2007-09-21 00:00:00
Two Chinese brothers have been charged with making 160,000 fake “Gillette” razor blades. The brothers, surnamed Zhang, were accused of assembling Gillette Mach 3 razor blades at home with family...
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Hungarian food industry campaign in Germany
Date: 2007-09-21 00:00:00
German customers can buy hungarian food products and wines at four cities' at five Kaufhof stores between 10-22 September. The Hungarian Weeks in Berlin, Leipzig, Halle and Chemnitz is protected...
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Price cartel at milk products in UK
Date: 2007-09-21 00:00:00
Britain's big supermarkets are facing substantial fines after being accused of fixing the prices of milk, butter and cheese with the dairy industry. The alleged price collusion is estimated to...
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Hungarian customers need product with good quality
Date: 2007-09-21 00:00:00
According to Gfk research, the first aspect at shopping is the good quality, at the second place is the price-value rate, on the third is the nationality of the product....
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The beverage companies reformulate products
Date: 2007-09-20 00:00:00
The industry is progressively removing the colours concerned from the products it produces for young children. Southampton University study suggested that: "eating or drinking certain mixes of additives together with...
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After chinese products there is the chinese trade union too
Date: 2007-09-20 00:00:00
Trade unions should work together more closely to cope with the challenges posed by economic globalization – ACFTU President Wang Zhaoguo said. The trade union leaders from Albania, Bulgaria,...
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Travelcard from Accor
Date: 2007-09-20 00:00:00
Thanks to the cooperation between BKV and Accor, seven kind of travelcard can be ordered together with the Ticket Restaurant voucher. It is a simply and economy solution, and the...
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Decree against stress on the workplaces
Date: 2007-09-19 00:00:00
Until 8 of October after EU-law the Hungarian government has to make its decree against stress on the workplaces. The EU directive said that attendant of workplace's stress must be...
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One million blackleg workers – HUF 1.5-2 billion damage
Date: 2007-09-19 00:00:00
The hungarian government makes new decrees to roll back the black economy in the state. According to Ferenc Gyurcsany PM, the business done in black economy is HUF 3-4 billion,...
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Hungary's GDP growth to come to 2.2%, inflation to 7.6% in 2007
Date: 2007-09-19 00:00:00
The country's GDP is to increase in line with the targets defined in the convergence program, i.e. by 2.2%, according to a release by the Finance Ministry. Next year, growth...
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No decrease at illegal software use
Date: 2007-09-18 00:00:00
As much as 42 percent of new software acquisitions are illegal copies in Hungary, which causes damages estimated at USD 111 million to the industry. According to Georg Herrnleben, regional...
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Food companies are showing a strong interest for allergen free penuts
Date: 2007-09-18 00:00:00
The process, which does not degrade the taste or quality of treated peanuts, and might even render them easier to process for use as a food ingredient. Peanut and nut...
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Good season at Lake Balaton
Date: 2007-09-18 00:00:00
The popularity of the Hungarian Sea grow because of the good water quality, the constance developing of accommodations and events, the mature marketing work and the safety. According to a...
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No more hungarian fetas
Date: 2007-09-18 00:00:00
From 15 Octobor only greek fetas can be on the shelves – cautions the Hungarian Agriculture Ministry. Five-six hungarian plant produce feta, they know about changing since 5 years. After...
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Alleviation of bioetanol fever by OECD
Date: 2007-09-17 00:00:00
The rush to promote biofuels such as ethanol and biodiesel is pushing up food prices and actually damaging the environment, a report from the Organization for Economic Co-operation and Development...
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China's knockback
Date: 2007-09-17 00:00:00
Beijing has rejected consignments of pork from the US and Canada because they contain a banned additive – in spite of a domestic shortage of China's staple meat, which pushed...
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No cash, no creditcard only a fingertip
Date: 2007-09-14 00:00:00
A new system that scans customers' fingerprints and deducts the grocery bill from their bank accounts has taken supermarkets in southwestern Germany by storm. Almost two-thirds of the people who...
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Safeway Unveils First Solar-Powered Grocery Store
Date: 2007-09-14 00:00:00
The company installed solar panels atop a newly renovated Safeway Lifestyle store in Dublin, California and plans to extend the program to nearly two dozen stores as part of a...
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