Market News
Twilight of the Irish pubs
Date: 2009-11-03 00:00:15
According to a study, 2000 rural pubs could be closed in the next 10-15 years in Ireland, because of the law changes and due to the weakening economy. According to...
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Spirits: brandy, pálinka brandy and bitter are the most popular
Date: 2009-11-02 00:03:58
The retail sales of distilled spirits were 73 billion HUF between October 2008 and November 2009, just like as in the previous comparable period. However, a 5 percent volume reduction...
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The foreign trade balance improved further – besides declining exports and imports
Date: 2009-11-02 00:02:11
In August, the foreign trade exports decreased by 10, imports by 15 percent, compared to a year earlier. In the January-August period, exports decreased by 17, imports by 23 percent...
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Increase in the support for product sellers
Date: 2009-11-02 00:01:55
The government will increase the support of its working capital loan program with three billion HUF in order to support the product sellers in the fruit and vegetable sector. Government...
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Still far from a real boom
Date: 2009-11-02 00:00:42
Chen Deming, Chinese Minister of Commerce and Joseph Stiglitz, Nobel Prized economist also expressed doubts about the fast recovering from the recession, at an economic conference in Shanghai. Although more...
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Plaza Centers: stopped investments in Romania
Date: 2009-11-02 00:00:15
Plaza Centers, suspended its eight Romanian projects. The planned investment projects would have been realised in a worth of a total two billion euros. "In the current economic situation it...
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U.S. economy grew in July-September
Date: 2009-10-30 00:03:00
The U.S. economy grown by 3.5 percent in the third quarter. Analysts expected 2,7-3,5 percent increase. The U.S. economy became smaller with 2.3 percent last year. In the first quarter...
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French government vs. chain of stores
Date: 2009-10-30 00:01:25
The French Ministry of Economy denounced 9 large chains with the charge of abusing of suppliers. Six of the chains are distributing primarily food products. The French press has been...
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The MVH will purchase the surplus grain
Date: 2009-10-29 00:06:12
The Agriculture and Rural Development Agency (MVH) can buy unlimited quantities of wheat and barley offered for intervention from 1st November. On the basis of the proposals, the purchasing 400...
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Increase in alcohol taxes, tighter controls
Date: 2009-10-29 00:05:29
The alcohol tax rate will be increased next year. Tighter controls are expected in the pálinka breweries during the autumn, and new security locks will be used on the equipments....
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Food industrial applications up to 1.6 million euros
Date: 2009-10-28 00:07:01
The modification of the regulation over the “EMVA agricultural products, adding value to provide aid” is already available. On this basis, one can apply until 30th November at the Agriculture...
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U.S.A.: rising house prices, falling consumer confidence
Date: 2009-10-28 00:04:21
Compared to July, 1.2 percent increase has occured in house prices in the U.S.A. The publication of Conference Board's consumer confidence index washed away optimism. The index was well below...
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New regulation control the services provided at accommodations
Date: 2009-10-28 00:03:12
According to the new government regulation; The hotels should provide other services besides accommodation, and at least 11 rooms and 21 beds should be maintained. The regulation covers all accommodation...
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Growing retail real estate investments in the second quarter of 2009
Date: 2009-10-28 00:02:00
According to the latest reasearch of Jones Lang LaSalle real estate consultant; European retail real estate investments increased 85 by percent in the second quarter compared to the first quarter....
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Food prices may dramatically increase
Date: 2009-10-28 00:01:25
According to the experts of the Standard Chartered Bank; Great food price increases may come in the next few decades. The UN estimates that, by 2050 the global population will...
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Climate protection instead of agricultural support
Date: 2009-10-28 00:00:55
The pre-draft document in which the European Commission outlines its visions for the 2014 – 2020 budget, indicates a strong shift from the agricultural policy and employement towards climate change...
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GM products in Hungarian shops without any indication
Date: 2009-10-28 00:00:22
Despite Hungary stands out strongly under the prohibition of gene modified (GM) plants, domestic agriculture is not yet without them. The only permitted gene modified MON810 maize in Europe, although...
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Where producer brands are strong
Date: 2009-10-27 08:00:00
In the 60 household chemicals and cosmetics categories measured by Nielsen, private labels represented 17 percent of retail turnover, in terms of value in the first six months of 2008....
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Excerpt from the president’s justification:
Date: 2009-10-27 08:00:00
…” It is the Parliament’s right to decide whether legislative means are needed to repel unfair market conducts. (…) I doubt whether the law is completely in line with the...
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In Poland thousands of small shops disappear, but their market share is stable
Date: 2009-10-27 08:00:00
According to Nielsen’s ShopperTrends survey, the market share of small traditional shops has been stable at 55 percent for three years. Among modern retail channels supermarket is the most popular....
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New advertising code of ethics entered into force
Date: 2009-10-27 08:00:00
The new Hungarian Advertising Code of Ethics was signed by 26 professional organisations and entered into force on 30 September 2009. It is based on the Code of Ethics of...
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Where were bakers mistaken?
Date: 2009-10-27 08:00:00
The aim of the Association of Hungarian Bakers and baking companies was to cooperate and to harmonise the activities of the different actors in the baking industry, in order to...
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Customer satisfaction is the guarantee for our company’s success
Date: 2009-10-27 08:00:00
We had a conversation with CEO Dr. Tibor Bakonyi about the steps the company has taken recently to improve their market position and serve customers. According to the CEO, during...
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Non-alcoholic mono pralines become more robust
Date: 2009-10-27 08:00:00
Retail sales of praline were up by 6 percent in value in August 2008-July 2009, with the market exceeding an annual HUF 19 billion. As for volume, praline sales reached...
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The handbrake is on
Date: 2009-10-27 08:00:00
A bill has been proposed in Parliament that would strengthen the bargaining position of suppliers and would limit detrimental conditions (buying back obligation of suppliers, long payment deadlines, etc.) set...
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Sailing out of the crisis – with innovations
Date: 2009-10-27 08:00:00
“We sail out of the crisis!” This was the motto of the trade symposium organised by STI Petőfi Nyomda Kft. on the Zsófia event boat in September. Managing director Dr...
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Praline buyers do not economise when buying them as a present
Date: 2009-10-27 08:00:00
As a result of austerity measures, the praline market has also stepped on the brake: growth rate drastically slowed down and now approaches stagnation. Bonbonetti’s sales director, György Seregi is...
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Széchenyi Card increasingly popular
Date: 2009-10-27 08:00:00
– Enterprises do not dare to make long term plans and choose easily accessible, cheap loans. Consequently, the number of companies applying for Széchenyi Card grew significantly – says László...
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Lower praline sales in the first 6 months
Date: 2009-10-27 08:00:00
According to GfK Hungária’s ConsumerScan, average praline sales exceeded 1.3 kg (approximately 8 boxes) in the first 6 months, we usually buy 1-2 boxes once a month. Buying frequency was...
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Széchenyi Card in numbers
Date: 2009-10-27 08:00:00
The programme was launched in 2002 and after 160,000 applications 120,000 have been handed out so far. SMEs usually apply for HUF 5 million or smaller loans. More and more...
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