Market News
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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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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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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European Food Safety got well
Date: 2007-06-29 00:00:00
Alert System for Food and Feed (RASFF) which shows that notifications on risks to food safety fell by 5% in 2006 compared to 2005.This is the first time since the...
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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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Hard competition on softdrinks market in Ukraine
Date: 2007-06-28 00:00:00
Orangina Group, the beverage producer has acquired Rosinka, a Ukrainian soft drinks manufacturer, for an undisclosed sum. Rosinka, which has a workforce of 600, saw its 2006 turnover reach 30...
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Toxic industry raw materials in chinese food
Date: 2007-06-28 00:00:00
Chinese media are reporting that authorities have shut down 180 food factories, after inspectors found industrial chemicals in products from candy to seafood. Authorities say formaldehyde, illegal dyes and industrial...
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Warehouses near to the downtown
Date: 2007-06-28 00:00:00
Construction work has begun for a 20,000-square-metre (4.94-acre) business park in Táblás street in Budapest's 9th district. InNove Business Park will comprise warehouses and office space. It is located at...
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Uninterrupted growth at LLP
Date: 2007-06-28 00:00:00
LLP Group, a leading provider of ERP and CRM solutions in Central and Eastern Europe, has reported 2006 total revenues of 7.7 million EUR, representing 12% growth over 2005. The...
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Stores opening
Date: 2007-06-27 08:00:00
Tesco, Pécs Open: 20 arpil 2007 Chain: Tesco Store space: 1000 m2 SKU: 10 000 Tesco, Debrecen-Józsa Open: 4 may 2007 Chain: Tesco Store space: 1000 m2 SKU: 10 000...
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Health and games from corn
Date: 2007-06-27 08:00:00
According to a recent survey by Nielsen, the market of cereals grew by 2 per cent in terms of value last year. Sales of corn flakes grew by 11 per...
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Waiting for wine reform
Date: 2007-06-27 08:00:00
The EU Commission will publish its plans for reforms in the wine sector in the beginning of July. Critics of planned reforms say, that the EU wants to turn wine...
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Beer industry adapting
Date: 2007-06-27 08:00:00
Sales of Hungarian made beer increased last year. According to Imre Sívó, chairman of the Association of Breweries, the 5,6 per cent growth proves the ability of the industry to...
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Drugstores: increasing intimacy
Date: 2007-06-27 08:00:00
Retail sales of women’s hygiene products are increasingly concentrated in drugstores. According to data from Nielsen, their market share grew by 3 per cent last year, but hyper markets still...
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Improving environment, better atmosphere
Date: 2007-06-27 08:00:00
According to GKI Gazdaságkutató Zrt., the competitiveness index (VEX) showed marked improvement in most countries of the region, including Hungary in the last quarter of 2006. The business environment index...
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Dairy industry on the defensive
Date: 2007-06-27 08:00:00
The Dairy Products Council held a presentation about the position of the industry on 29 May. Domestic sales of dairy products made from Hungarian materials declined by 13 per cent...
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Intimate relationship with strong brands
Date: 2007-06-27 08:00:00
Personal hygiene has been subject to spectacular development in the past 20 years in Hungary. Softness, smoothness and good absorption capacity are the main priorities for consumers, while skin-friendliness is...
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Maze of paragraphs
Date: 2007-06-27 08:00:00
Many regulations pertaining to sales of OTC products and also to pharmaceuticals which require a prescription changed in the beginning of the year. While selling of OTC products in retail...
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AdWords for us too
Date: 2007-06-27 08:00:00
The business site AdWords is now accessible to Hungarian users as well, announced Google on 12 June. AdWords helps the activities of companies which do not have web sites of...
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Prices of sun lotions going down the chute
Date: 2007-06-27 08:00:00
Average prices of sun lotions are falling in modern store types, where most sales are concentrated. Longer and warmer summers generate increased demand, inviting private labels to enter the market....
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Coupons, points, VAT
Date: 2007-06-27 08:00:00
We asked Zsolt Tenczer, senior manager of PricewaterhouseCoopers, about the differences between the way VAT deductible after promotional vouchers is calculated n the EU and in Hungary. Vouchers and coupons...
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Unbroken trust
Date: 2007-06-27 08:00:00
Reader’s Digest magazine has again prepared a survey about the brands regarded as most reliable by consumers. The survey covered 15 European countries and 24,000 interviews. Quality, price, image and...
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Meetings and conferences
Date: 2007-06-27 08:00:00
When a not very exciting conference is held next door and another similar one is held in the other end of the country, the choice is quite obvious. However, if...
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