Market News
The food prices in Russia are sharply rising because of the embargo
Date: 2014-10-02 11:30:53
Due to limitation of imported foods from the Western countries, food prices are rising sharply in Russia – Anton Sziluanov Russian Finance Minister stated at the Thursday meeting of the...
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GKI expects slowdown
Date: 2014-10-02 08:08:22
GKI Economic Research Zrt.’s summer forecast is that from a growth perspective this year is going to be much better for Hungary than the last few. The main reason for...
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The world’s wholesale markets will meet in Budapest
Date: 2014-10-02 08:03:55
Budapest will be the host of the World Union of Wholesale Markets’ (WUWM) next meeting on 27-29 May 2015. The event will focus on cooperation between wholesale and retail markets...
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Going uphill
Date: 2014-10-01 21:58:25
Optimism was reigning in the financial market early autumn. The recession is finally over in the USA. Billions of dollars printed in the last 5 years put the stock exchange...
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Magazine: Hungarian or Domestic – what is the difference?
Date: 2014-10-01 12:18:34
A couple of years back consumers were attracted by exotic products, but these days they are much more drawn to Hungarian products or those produced in Hungary. In 2012 a...
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GfK: Consumer confidence fell sharply
Date: 2014-10-01 12:10:58
According to the GfK Consumer Confidence Index, in the third quarter of this year consumer confidence showed a significant decrease of about 15 points. The values of both the consumer...
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Russian embargo: the Hungarian farmers will receive EU support to withdraw more than four tons of fruits and vegetables
Date: 2014-10-01 12:02:36
The Hungarian farmers can apply for support from the new 165 million worth EU funds opened on Tuesday, to withdraw more than four tons of fruits and vegetables to compensate...
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Poultry meat is healthy
Date: 2014-10-01 12:00:28
The latest research shows that among the fresh meats poultry meat is the most popular in the Hungarian households. The Agricultural Marketing Centre General Directorate of the Hungarian National Tourist...
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Magosz-chairman: the farmers should be the owners of the processors!
Date: 2014-10-01 11:45:03
A regulatory system must be developed in which the farmers should be the owners of the processing plants – Jakab István President, of Magosz told reporters on Tuesday after a...
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A Trading House was opened in Montenegro
Date: 2014-10-01 11:22:12
The newest Trading House was opened in another Western Balkan country, in Montenegro. The Hungarian National Trading House (MNKH) aims to increase its export position in the Western Balkans, to...
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A business center was built in the former tobacco factory in Debrecen
Date: 2014-10-01 11:20:08
The Lion productive and innovative business center was expanded with a new office building in the former tobacco factory in Debrecen. The 1.2 billion HUF investment was handed over by...
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The consultation of the world heritage management plan of Tokaj-Hegyalja is completed
Date: 2014-10-01 11:10:55
The public consultation of the world heritage management plan of the Tokaj-Hegyalja historic wine region has been completed. Everyone agrees that the World Heritage title means international rank and honor...
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A big increase in German retail sales
Date: 2014-10-01 11:05:01
The German retail sales reached the greatest increase of the past three years in August, compared to the previous month – the German Federal Statistics Office, the Destatis announced. In...
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Waitress reality – Video of the day
Date: 2014-10-01 10:28:32
Morgan and Kristyn are still fighting because of the issues between their boyfriends. Can they salvage their friendship or is it over for good? Episode airs Wednesday at 11/10c. Big...
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‘Experience cellar’ opens in Szekszárd
Date: 2014-10-01 09:48:20
The Garay experience cellar opened in Szekszárd. The investment was realised from almost HUF 200-million funding from the European Union. Szekszárd’s municipality bought the town’s oldest wine cellar for nearly...
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SMEs investment mood toned down a little
Date: 2014-10-01 09:44:31
Hungarian enterprises’ investment mood toned down a little: at the moment 56 percent of them plan some kind of development. IT developments are the most popular and it is industrial...
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The government pays more than 300 billion HUF EU funds for food development by 2020
Date: 2014-09-30 12:00:01
In the next six years, the Hungarian government pays more than 300 billion HUF EU funds for food development. Kis Miklós Zsolt Minister of State of the Prime Minister's Office...
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KSH: the GDP growth in 2013 was 1.5 percent
Date: 2014-09-30 11:55:40
Hungary's gross domestic product (GDP) was 29 HUF 846 billion HUF in 2013, which at constant prices (in real terms) is a 1.5 per cent increase compared to the previous...
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MNB: contactless cards are spreading rapidly
Date: 2014-09-30 11:40:17
In the second quarter of this year, the turnover of electronic transactions continued to increase, however, the infrastructure of electronic payments has not changed significantly – the latest payment statistics...
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The NÉBIH seized worm infected eggs
Date: 2014-09-30 11:05:10
More than 380 thousand expired worm infected eggs were destroyed by the National Food Chain Safety Office (NÉBIH) at an egg packing plant in Bács-Kiskun county – the agency told...
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Novodomszky Éva became the ambassador of the Syngenta Food Avalanche Program
Date: 2014-09-30 11:04:31
The popular TV presenter visited Sopolya in Fejér county, where the harvest of the locally grown potatoes is under way in the scope of the Syngenta Food Avalanche Program. As...
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The Conscious Shopping System helps in planning personalised promotions
Date: 2014-09-30 10:54:43
Laurel Group announced the launch of a retail system that is capable of comprehensive shopping habit analysis. The company developed the Conscious Shopping System from which retailers, shoppers and society...
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Three billion forints more for SMEs’ job creation investments
Date: 2014-09-30 09:52:03
Seeing the great demand the government decided to earmark HUF 3 billion more for the originally HUF 13-billion programme that aims at financing the job creation efforts of SMEs. This...
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Hungary’s first organic beer developed from a 300-millon-forint budget
Date: 2014-09-30 09:49:52
Körös-Maros Biofarm Kft. announced that they finished developing the first Hungarian organic beer from a fully Hungarian HUF 300-million budget. The company also developed a quality control system that is...
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The characteristics of food products must be indicated with a larger font size
Date: 2014-09-29 12:10:23
The mandatory included datas will be indicated with a bigger font size and more noticeable place on the packagings of pre-packaged food products in the future. This will help the...
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The Hungarian developed Laura cash program is used at more than 4000 points already
Date: 2014-09-29 12:00:39
For now the Laura cash register software is used at more than four thousand points after the Hungarian food franchise chain stores also switched to the program – Szabó Ervin,...
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The European Commission announced to restrict the usage of preservatives containing allergens in cosmetic products
Date: 2014-09-29 11:00:34
The European Commission announced to restrict the usage of preservatives containing allergens in cosmetic products. The Board took its decision after the Scientific Committee on Consumer Safety (SCCS) proposed prohibition...
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The NAV seized an illegal cigarette storage in Miskolc
Date: 2014-09-29 10:58:21
Hundreds of Ukrainian packs of cigarettes and cut tobacco boxes were found by the finance officers in Miskolc, at the first-floor flat of a block of flats, which is essentially...
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Market hall built in Gyula
Date: 2014-09-29 08:52:48
As part of the government’s farm development programme, the municipality of Gyula built a new 500m² market hall at the town’s marketplace. They received HUF 43 million in funding for...
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State companies’ screening will be completed before the end of summer
Date: 2014-09-29 07:54:57
The Ministry of National Development (NFM) is busy screening state-owned companies under its supervision in order to see whether their operation could be made more efficient. If everything goes according...
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