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Fazekas Sándor appointed a Ministerial Commissioner responsible for the renewal of the grape and wine industry
Date: 2013-09-06 11:03:36
Fazekas Sándor Minister for Rural Development appointed Kiss Eliza to Ministerial Commissioner, who will be responsible for the renewal of the wine communities and for the development of the grape...
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Analysts expect growing retail trade
Date: 2013-09-05 13:00:09
Analysts, interviewed by MTI expect growing retail trade. The National Economy Ministry shares the same view. According to the Wednesday report of the Central Statistics Office (KSH), the calendar-adjusted volume...
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Hungary is 63rd in the competitiveness rankings
Date: 2013-09-05 12:50:12
Hungary is 63rd in the World Economic Forum’s (WEF) Global Competitiveness rankings published every year. The 63rd place is three places lower than in the last year – the Kopint-Tárki...
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The special retail tax does not discriminate foreign companies, but can harm the EU’s VAT directive
Date: 2013-09-05 12:12:41
According to the Competent Advocate General of the European Court of Justice, the special tax, imposed on retail companies in Hungary does not discriminate the foreign companies, however, it can...
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Euro zone’s GDP increased in the second quarter
Date: 2013-09-05 12:10:22
Compared to the first quarter, Euro zone’s GDP increased in the second quarter, while it was decreased compared to a year earlier – the EU's statistical office, the Eurostat published...
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Hungarian pepper cultivation faces growth
Date: 2013-09-05 12:02:27
The Hungarian pepper cultivation has positive outlooks. The 170 thousand tons of production may rise further next year. The development supports and the use of thermal energy can help to...
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Beijing’s subway lets you pay with PET-bottles
Date: 2013-09-05 10:29:46
Beijing’s subway line 10 has introduced reverse vending machines which allow travellers to offset their transit costs by recycling. Recycling for a reward. The manufacturer of the machines, Incom says...
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KSH: GDP grew by 0.5 percent in the second quarter
Date: 2013-09-04 13:00:53
The gross domestic product (GDP) increased by 0.5 percent in the second quarter of this year, compared to the same period of the previous year and increased by 0.1 percent,...
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Analysts say that the increase in investment and consumption is encouraging
Date: 2013-09-04 12:59:20
The second-quarter increase in investment and consumption is an encouraging sign – analysts of MKB at ING said. However, the analysts called attention to the fact, that the momentum in...
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KSH: retail sales volumes rose by 1.2 percent in July
Date: 2013-09-04 12:55:16
In July, the calendar-adjusted volume of retail sales rose by 1.2 percent, compared to the same period of the last year – the Central Statistical Office (KSH) announced on Wednesday...
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This year 78 applications won a Hungarian Quality Product Award
Date: 2013-09-04 12:49:14
This year, 78 applications of 65 companies won the Hungarian Quality Product Award, that was allocated for the 16th time. The recognition were handed over in the Parliament on Wednesday....
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Hungarian wines at the G20 Summit
Date: 2013-09-04 12:10:05
The participants of the G20 summit in St. Petersburg can taste a selection of Hungarian wines. After almost half a year selection process, the Russian administration officials found four Hungarian...
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Eurostat: Euro area GDP up by 0.3%
Date: 2013-09-04 11:22:49
GDP rose by 0 . 3 % in the euro area 1 (EA1 7 ) and by 0.4% in the EU2 7 1 during the second quarter of 201 3...
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GfK: the rosé is the favorite of the youth
Date: 2013-09-03 12:55:14
About a quarter of the turnover of spirits comes from wine sales. Although the customer base has shrunk by one-tenth in the past two years, the volume of sales has...
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Consumers would also benefit from the 17 percent meat VAT reduction
Date: 2013-09-03 12:42:25
The farmers and the food industry trade associations have long been trying to reach to reduce the VAT on meet products that is the highest in Europe. Due to the...
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Six million tons of corn crop is expected this year
Date: 2013-09-03 12:38:49
Although corn crop will be smaller than expected this year; about 6 million tons, price increases are not expected – the Deputy Director of the Agricultural Research Institute told MTI...
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The NAV found counterfeit washing gels in a value of more than fifteen million HUF
Date: 2013-09-03 10:58:00
The finance guards of NAV seized counterfeit washing gels from a truck on the M5 motorway in a value of more than fifteen million HUF – the National Tax and...
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Agriculture can help the GDP in 2013
Date: 2013-09-02 12:25:34
According to the forecast of the GKI Economic Research Co. after the decline in 2012 and in the first half of 2013 the GDP will increase by about a half...
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The expansion of investments in the second quarter surprised the analysts
Date: 2013-09-02 12:20:02
Analysts surveyed by MTI on Friday considered the expansion of investments in the second quarter as a surprise, while the Ministry of National Economy (NGM) pointed out that this is...
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KSH: trade surplus amounted to 581 million euros in June
Date: 2013-09-02 11:32:59
In June 2013 the value of exports was 6.7 billion euros (1978 billion HUF) and the value of imports was 6.1 billion euros (1805 billion HUF). The foreign trade balance...
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Foie Gras Festival again
Date: 2013-09-02 11:30:13
The 5th Foie Gras Festival will raise the awareness of its visitors on the differences between geese and ducks liver – the organizers informed MTI. The National Food Chain Safety...
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A new application was announced on pálinka trademarks
Date: 2013-09-02 11:27:21
From the beginning of September, one can apply for pálinka trademarks again. The samples can be submitted between the 20 and 30 September at the Wessling Hungary Kft. that will...
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Hungarian economy has still been frozen even after a hot summer
Date: 2013-09-02 10:17:18
GKI Economic Research Co. forecasts that GDP is expected to grow by around 0.5 per cent in the second half of 2013, following its decline last year and in the...
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Dynamic expansion in the electric toothbrush market
Date: 2013-09-01 22:15:34
Toothbrush retail sales are above HUF 3 billion a year and in the first four months of 2013 both value and volume sales grew by 4 percent. Electric toothbrush sales...
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Above-average sales growth in both value and volume
Date: 2013-09-01 22:11:01
Mouthwash sales go beyond HUF 3 billion per annum and growth in the category is bigger than the average. In the first four months of the year both value and...
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Strong manufacturer brands among toothpastes
Date: 2013-09-01 22:06:42
The annual toothpaste market’s value is HUF 12 billion. This January-April retail sales augmented by 3 percent but volume sales dropped 1 percent. Hypermarkets were responsible for 33 percent of...
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Growing number of consumers want their toothpaste to have therapeutic effects
Date: 2013-09-01 21:59:30
Modern oral care involves more and more products in addition to the traditional toothbrush and toothpaste. Anita Boros, Procter & Gamble’s PR manager told our magazine that they put a...
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Recession did preserve
Date: 2013-09-01 21:54:41
f we analyse the structural trends of the recent past, we can see that the lower price category increased its weight, sales shifted in the direction of private label products,...
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Manufacturer brands increased their market share
Date: 2013-09-01 21:51:03
Fruit juice is the seventh biggest (in value) from the 90 grocery categories audited by Nielsen. Annual sales are worth between HUF 38 and 40 billion. In the December 2012-May...
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Salami’s market share rose
Date: 2013-09-01 21:35:32
Salami retail sales rose by 8 percent this January-March from the base period twelve months before and surpassed HUF 8 billion. On the contrary, the Nielsen Retail Index registered minus...
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