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GKI report on the situation of the Hungarian real estate market
Date: 2009-05-06 00:49:59
GKI’sApril market analysis notes, that the real estate sector is clearly one of the biggest losers of the financial-economic crisis. Assessment of the housing situation in 2008 is steadily deteriorating...
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Save on office paper!
Date: 2009-05-06 00:29:57
With reasonable printing billions can be saved. In Hungary, in particular the administration and education wastes most of the of paper. In Hungary approximately 425 million HUF per year is...
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Free parking for suppliers
Date: 2009-05-06 00:16:34
Suppliers does not have to pay parking fee during the loading time after Metropolitan Assembly has accepted Budapest Chamber of Commerce and Industry’s proposal. According to regulation between 10 and...
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Hard times for the retailers of shopping centers
Date: 2009-05-06 00:11:26
The fall in household consumption causes downhill-ride for the retail sector. Customers increasingly looking for cheaper products, which affects negatively the more expensive shopping centers. The decreasing demand may have...
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Adult education – the more efficient usage of human resources
Date: 2009-05-06 00:02:00
Especially those companies can survive, the global economic crisis, which focuses on not only the business but also the training of the staff. The majority of small businesses in Hungary,...
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Fruit yoghurt among the biggest categories
Date: 2009-05-05 08:00:00
Yoghurt consumption was up by 5 percent last year, exceeding 66,000 tonnes in the March 2008-February 2009 period. Sales in terms of value exceeded HUF 35 billion, with a 10...
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Another 40,000 unemployed
Date: 2009-05-05 08:00:00
The number of people in employment dropped to 3,790,000 in the December 2008-February 2009 period, while the number of unemployed rose to 378,000, which translates to an unemployment rate of...
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Yoghurts for all occasions
Date: 2009-05-05 08:00:00
If protecting one’s health is affordable and this is communicated intensively, negative market trends can be defied. Yoghurt is probably the best example for this. Sales of yoghurt have risen...
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Egg prices expected to rise further
Date: 2009-05-05 08:00:00
Trends in the global market of meat and poultry are monitored by the Agricultural Business Research Institute (AKI). Egg prices began to rise rapidly in the EU in March, reaching...
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More households buying yoghurt
Date: 2009-05-05 08:00:00
According to the GfK Hungária ConsumerScan, 84 percent of households bought yoghurt in 2008. The segment of fruit yoghurts produced growth in 2008, while that of natural yoghurt declined. Demand...
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Hungary in economy mode
Date: 2009-05-05 08:00:00
As a result of the global financial crisis, the abundance of liquidity ended last year for Hungary. According to GKI forecasts, we are expected to reach the bottom of recession...
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Ice cream sales stable in terms of value, dropping in terms of quantity
Date: 2009-05-05 08:00:00
Retail sales of ice cream remain stable at HUF 18 billion annually, but dropped by 7 percent in terms of quantity in the February 2008-January 2009 period, compared to the...
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Rising prices in the food industry
Date: 2009-05-05 08:00:00
Domestic industrial prices were up by 2.4 percent in February 2009, compared to January and by 6.6 percent, compared to February 2008. Industrial export prices were up by 3.8 percent...
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More intense POS activities for ice cream sales
Date: 2009-05-05 08:00:00
Private labels have conquered nearly one half of the market of ice cream. Flavour preferences are quite stable in the larger segments where intensive communication and innovative promotions can be...
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Fat on top
Date: 2009-05-05 08:00:00
The average rate of inflation was 0.5 percent in March. Prices were up by 2.9 percent compared to March 2008. According to KSH figures, food prices were up by 0.7...
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Less ice cream sold
Date: 2009-05-05 08:00:00
According to a survey by GfK Hungária, ice creams continue to remain popular, though the growth in sales has come to a stop. 68 percent of the consumers interviewed in...
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Consumer expectations continue to deteriorate
Date: 2009-05-05 08:00:00
According to the GKI Consumer Confidence Index, consumers continued to get more pessimistic in April. Consumer confidence has been deteriorating since the winter of 2008. Expectations regarding unemployment in the...
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Committed to quality and unbroken customer confidence!
Date: 2009-05-05 08:00:00
Szikrai Borászati Kft. has been present in the market in its present form since 2004. Its owner and CEO, Tibor Sári and his team are committed to quality and reliability....
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Euro zone slowing down as well
Date: 2009-05-05 08:00:00
GDP was down by 1.6 percent in the Euro zone countries in the last quarter of 2008, compared to the third quarter, which was more than the anticipated 1.5 percent...
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Market share of PL mineral waters dropping
Date: 2009-05-05 08:00:00
Growth has stopped in the mineral water category. A drop of 2 percent in retail sales in terms of value was registered in the March 2008-February 2009 period, reducing the...
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We are first in terms of insolvency in EU
Date: 2009-05-05 08:00:00
According to Zoltán Dercze, director of Coface Hungary, we have the highest percentage of insolvent companies inside the EU. One out of 24 companies existing in January, will not survive...
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Mineral water brands looking for ideal price/profit ratio
Date: 2009-05-05 08:00:00
In spite of the recent drop in sales, the mineral water category still has potential for growth. However, closer co-operation with the retail sector is required to utilise this potential.....
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Industrial statistics continue to worsen
Date: 2009-05-05 08:00:00
Industrial production was down by 25.4 percent in February 2009, compared to the same month in 2008 and by 4.1 percent compared to January 2009. As a result of a...
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Decline in market of mineral water
Date: 2009-05-05 08:00:00
According to the GfK Hungária ConsumerScan, the market of mineral water showed decline both in terms of quantity and value last year. Sales were down by 5.1 percent in terms...
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Milk price hitting bottom
Date: 2009-05-05 08:00:00
Supply prices of agricultural products were down by 27.4 percent in February 2009, compared to the same month in 2008. The price of plant products was down by 37.2 percent,...
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Buying local products voluntarily
Date: 2009-05-05 08:00:00
Following many months of negotiations, a code of ethics has been signed by the representatives of retailers, farmers and processing enterprises which will become effective on 1. July. According to...
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Faster than average growth in sales of insecticides
Date: 2009-05-05 08:00:00
The market of insecticides expanded by 11 percent in terms of value in the March 2008-February 2009 period, compared to the preceding 12 months, with retail sales exceeding HUF 3.5...
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Volume of foreign trade down
Date: 2009-05-05 08:00:00
Export was down by 28 percent in January, compared to January 2008, while import was down by 27 percent. The balance of foreign trade showed a deficit of HUF 47...
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Private labels on the offensive
Date: 2009-05-05 08:00:00
Private labels have been continuously increasing their share in retail sales for years. The assortment of private labels is widening and deepening at the same time. The perception of private...
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