Market News
HUF 87.5 billion general government deficit in August
Date: 2007-08-17 00:00:00
The ministry left its estimation for the entire year 2007 unchanged at HUF 1,529 billion, or 6.0% of GDP (cash-based figure without local municipality budgets). As expected, Hungary had HUF...
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E.Coli Outbreak in Scotland
Date: 2007-08-15 00:00:00
One person died, and two others were hospitalized. A new case of e.coli was confirmed in Ireland, where a woman was hospitalized. William Morrison Supermarkets Plc, the U.K. food...
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Newest control wave at Lake-Balaton
Date: 2007-08-15 00:00:00
Not only the invoices will be checked, but the employment method will be controlled too. This week the supervisors of the Hungarian Tax and Financial Control Administration are operating together...
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No decrease in inflation rate in July
Date: 2007-08-15 00:00:00
The consumer price-level hasn't changed since June, it's 8.4% higher as one year ago – said KSH yesterday. The inflation for retirees was 11.4% higher on yr/yr basis, but 0.1%...
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Poisoning chineese toothpaste was found in the USA
Date: 2007-08-15 00:00:00
Gilchrist & Soames was recalling toothpaste made in China — that it had distributed to hotels in more than a dozen countries. Independent tests showed some samples contained diethylene glycol,...
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Tax free weekend kicks off in Massachusetts
Date: 2007-08-14 00:00:00
Stores opened early and shoppers filed in looking to save a few bucks as state retailers celebrated a sales tax holiday for the fourth straight year. The holiday means shoppers...
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The global market for premium beer is set for further strong growth
Date: 2007-08-14 00:00:00
According to forecasts in the report Global market review of premium beer – forecasts to 2013, the global premium beer market will reach 655m hls in 2013, representing an increase...
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There isn't dioxin tainted food in hungarian stores
Date: 2007-08-14 00:00:00
After seriously labour control there wasn't finding any unhealty guar-gum aggregate – said Lajos Bognar – deputhy chef vet. Until this time 47 product sample were checked for PCP, which...
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China will spend more than $1 billion improving food and drug safety
Date: 2007-08-13 00:00:00
Last week, China's State Food and Drug Administration agreed with the US FDA to increase technical exchanges through seminars and training programs. According the chineese goverment large, new laboratory would...
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A new chineese product recall – this time a quarter of a million tires
Date: 2007-08-13 00:00:00
Foreign Tire Sales of New Jersey has issued a recall for 255,000 Chinese-made tires, brands Westlake, Compass and YKS. The company said that the tires lack a safety feature that...
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German soya drink recall in Hungary and Europe
Date: 2007-08-13 00:00:00
German organic drinks manufacturer Natumi has withdrawn its chocolate soya drink from stores in Hungary and across Europe after the product was found to contain the guar gum additive. The...
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Czech Beer is sold very well
Date: 2007-08-13 00:00:00
Beer production in the Czech Republic hit a record high in the first half of this year, according to recent figures. The Czech Association of Beer and Malt Producers (CSPS)...
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Summer balance – HUF 300 penalty because of food safety reasons
Date: 2007-08-13 00:00:00
Authorities checked almost 20,000 places, the control will continue until the end of August. The most characteristic problem were hygienic and cool technologies, the missing date of expiry or products...
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343 firms come forward, Fornetti's products aren't poisoned
Date: 2007-08-13 00:00:00
According to newest control there are no dioxin in products by Fornetti Franchise Ltd., last week Danone reported the same. Miklos Suth, chief vet said that products of Tesco, Stamag-...
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(HU) Uniós előírás a tisztességtelen kereskedelmi gyakorlat visszaszorítása
Date: 2007-08-13 00:00:00
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Enormous potential for sports nutrition market in Europe
Date: 2007-08-10 00:00:00
There could not be a better time for companies to tap into the market, and pitch their products not just at professional athletes but to normal consumers too. According to...
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Grains and oilseeds will lead the surge, with annual average price increases of 16%
Date: 2007-08-10 00:00:00
Surging demand for food, feed and fuels are combining with low stock levels to create extremely tight markets. Global agricultural commodity prices are booming. Prices, as indicated by the Economist...
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No more full trust in branded products
Date: 2007-08-10 00:00:00
While product, packaging and branding are still key, consumer want products that deliver incremental health and wellness benefits coupled with an understanding of the impact of these products on individuals,...
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Reconstruction of Parizsi Nagy Aruhaz starts
Date: 2007-08-09 00:00:00
The new building will open for the public at second half of 2008. The house on the Andrassy street is a national monument, the first mall in Budapest was open...
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2,000 tons dioxin tainted fruit concentrate was found in Germany
Date: 2007-08-09 00:00:00
According to german authorities the product was non-traded yet. German authorities said that they had launched a massive hunt for food products that may have been contaminated with carcinogenics originating...
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Fake Beluga – with dangerous bacterias
Date: 2007-08-09 00:00:00
The delicacy, which had been mixed unhygienic with cheaper varieties of caviar, was being sold in Moscow supermarkets. Russian food safety authorities confiscated and destroyed 270 kilograms of contaminated Beluga...
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Dioxin poisoned Czech apricot jam transported to Hungary
Date: 2007-08-09 00:00:00
Friesland Hungaria made the first self announcement, that some of its products contain the jam, imported from the Czech Republik, which had a high dioxin level. The supervisors check 13...
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Already 8 companies use extended nutrition labeling
Date: 2007-08-08 00:00:00
Eight multinational FMCG companis, Coca-Cola, Danone, Kraft Foods, Kellogg's, Mars, Nestlé, Pepsico and Unilever offers extended nutrition information on their products in Hungary too. The firms joined in will give...
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400 million euor bid for unfinished Arena Plaza
Date: 2007-08-08 00:00:00
Active Asset Investment Management (aAIM), backed by Manchester United soccer team manager Sir Alex Ferguson, is to buy Arena Plaza, and has agreed to buy a portfolio of German retail...
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For the first half of the year 8,2% grow is detected
Date: 2007-08-08 00:00:00
According the Central Statistics Office Hungary's industrial output jumped by 8.7% year on year in June, according to preliminary unadjusted figures and also according to figures adjusted for working days....
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Strength Union's regulation to stop foot-and-mouth disease
Date: 2007-08-08 00:00:00
The European Union banned imports of livestock from Britain, includes all live animals, including cattle, sheep, goats and pigs, as well as all fresh milk and meat, which can transmit...
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